These bond issuers would rather swap their fixed-rate obligations for floating-rate ones.
债券发行者往往比较愿意将他们的固定利率的债务交换成浮动利率的债务。
Milton Friedman, a monetarist economist, argued that adjustments were easier in a floating-rate system.
作为货币学派的领军人物，米尔顿·弗里德曼坚信在浮动汇率制里可以更容易地进行经济调整。
Perhaps the lesson of the past 40 years is that neither a fixed nor a floating-rate system is a panacea.
或许我们从这过去的40年里所得到的教训就是：无论是固定汇率制还是浮动汇率制，它们都不能包治百病。
A floating-rate note without final maturity, and therefore without any arrangement for repayment of principal.
指没有最终期限因而没有还本安排的浮动利率票据。
That has undoubted appeal for policymakers in countries where floating-rate mortgages expose borrowers to the risk of payment shocks as rates rise.
对于那些采取浮动利率抵押贷款，利率增加时贷款人面临支付成本上升的国家的政策制定者来说，这无疑具有吸引力。
Global currency regimes tend to come and go in long cycles, with fixed-rate and floating-rate regimes following each other with a surprising degree of regularity.
全球汇率体制的周期往往很长，固定汇率制度和浮动汇率制度以令人惊讶的规律性互相交替。
Under the floating-rate system a fall in the market price (the exchange rate value ) of a currency is called a depreciation of that currency ; a rise is an appreciation .
在浮动汇率制度，在市场价钱（汇率值）降落的一种货币称为该货币贬值，一个崛起是赞扬。
Floating-rate mortgages last year reduced many borrowers' payment burden as the Bank of England dropped its base rate to 0.5% and lenders adjusted their standard variable rates downward in response.
去年英格兰银行将基准利率下调到0.5%，贷方也随之降低了可变利率，于是浮动利率按揭使得很多借方的还款压力得到了舒缓。
At least half of mortgage holders still pay 5% or higher in interest, regardless of whether a fixed or floating rate.
不管采用的是固定还是浮动利率，目前至少有一半的按揭借款人支付的利息仍达5%以上。
The RMB exchange rate floating bands remain the same as previously announced in the inter-bank foreign exchange market.
有关方面根据已经公布的外汇市场汇率浮动区间对人民币进行动态管理和调节。
Five years ago, China unhooked the yuan from its pegged exchange rate with the U.S. dollar and adopted a floating rate with a basket of currencies.
五年前，中国让人民币对美元脱钩，并采用了一种盯住一篮子货币的浮动汇率。
Article 33 The exchange rate for Renminbi is a single, managed floating exchange rate based on market demand and supply.
第三十三条人民币汇率实行以市场供求基础的、单一的、有管理的浮动汇率制度。
Interest-rate swaps allow investors and borrowers to switch from a fixed rate to a floating, or variable, rate and vice versa.
息率互换合约[3](Interest Rate Swap)允许投资者和借债人把一个固定利率的合约与一个浮动(可变)利率的合约相交换；同样也允许反向操作。
But in floating exchange rate markets, speculators can only make money if they help to stabilise the market, not if they make it more unstable.
但是在浮动汇率市场上，投机商若要赚钱，只有帮助稳定市场而不是使市场更加动荡。
On your second question, China adopts a managed floating exchange rate regime, which serves the long-term and fundamental interests of China.
关于第二个问题，中国实施有管理的浮动汇率制度，这一机制符合中国长远和根本的利益。
China establishes a managed floating exchange rate regime based on market demand and supply with reference to a basket of currencies.
中国实施的是以市场供求为基础、参考一篮子货币进行调节、有管理的浮动汇率制度。
When a floating exchange rate proves to be an irritant rather than an emollient, fixing it once and for all has greater appeal.
当浮动汇率证实为刺激物而非软化剂，将汇率彻底的固定有着更大的吸引力。
We have been following a managed floating exchange rate regime in accordance with the principle of independent initiative, controllability and gradualism.
我们一直按照主动性、可控性、渐进性原则稳步实施有管理的浮动汇率制度。
As a fast-changing economy Poland might need the flexibility of a floating exchange rate for a little longer to keep it competitive and to smooth adjustments.
波兰的经济风云变幻，在稍长的一段时间内需要浮动汇率具有的弹性来保持竞争力，同时保持平滑调整。
It is China's policy to establish a managed floating exchange rate regime.
实行有管理的浮动汇率制度是中国既定政策。
It is conceivable that we might abandon a floating exchange-rate system, as the BRIC countries, especially China, are not as happy with today's system as many in the West are.
可以想见，我们可能会放弃浮动汇率制度，作为金砖四国，尤其是中国，与许多西方国家一样，对今天的汇率制度不满。
Based on the reality in China, China will adopt a manageable floating exchange rate system for RMB according to the demands of the market.
从中国实际出发，人民币汇率是要实行面向市场需求的、有管理的浮动汇率制。
It is more flexible (with a floating exchange rate) and its central bank is still soundly run.
它跟加灵活(有一个浮动的汇率)，而且它的中央银行仍然在非常好的运转。
They can convert the floating rate into fixed rate as the loan disburses.
可以在贷款支付时将浮动利率转换为固定利率。
If floating rate applies in RMB, it will affect your consumption behavior in PRC.
若人民币实行浮动汇率，会影响你在中国的消费。
Interest swap: an agreement to exchange floating rate payments for fixed-rate payments in the same currency.
利息掉期：在同一货币中，以浮动利率付息交换固定利率付息的协议。
Floating rate bond: bond on which the coupon is established periodically and calculated with reference to short-term interest rates.
浮动利率债券：这种债券的息票是定期确定的，并参照短期资金利率来计算。
Floating rate bond: bond on which the coupon is established periodically and calculated with reference to short-term interest rates.
浮动利率债券：这种债券的息票是定期确定的，并参照短期资金利率来计算。
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