其中与美国市场不同的是，交易量与收益显著正相关，这就与流动性补偿假说相矛盾。

Contrary to the re search of US market, trading volume is positive related to returns, which is incon sist with the liquidity compensation hypothesis.

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本文分析认为，当前我国流动性处于相对过剩的水平，其成因是国内外现实经济矛盾在货币层面的反映。

The paper analyzes that China's current liquidity at the level of relative surplus, its cause is the currency reflection of realistic economic contradictions at home and abroad.

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知识产权作为一种精神财富和智力成果具有世界范围的流动性，而知识产权的地域性特点与其流动性是相矛盾的。

Being a kind of spiritual property and product, intellectual property has the quality of worldwide fluidity, which is a paradox to its regionality.

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