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\u6b64\u5916\uff0c\u7f8e\u56fd\u7684\u6210\u529f\u8981\u631f\u53ef\u80fd\u4e5f\u65e0\u6cd5\u786e\u4fdd\u8fd9\u4e9b\u57fa\u7840\u8bbe\u65bd\u6301\u7eed\u914d\u5408\u3002\u8fc7\u53bb\uff0c\u4ed6\u4eec\u4e00\u8fb9\u6ee1\u8db3\u7f8e\u56fd\u7684\u8981\u6c42\uff0c\u4e00\u8fb9\u63a8\u52a8\u5176\u5b83\uff08\u4e0e\u7f8e\u56fd\uff09\u5b58\u5728\u7ade\u4e89\u7684\u8bae\u7a0b\u3002\u82f1\u56fd\u94f6\u884c\u5de8\u5934\u6c47\u4e30\u94f6\u884c\u56e0\u51bb\u7ed3\u4e00\u540d\u9999\u6e2f\u793a\u5a01\u8005\u7684\u8d26\u6237\u800c\u906d\u5230\u62a8\u51fb\uff1b\u6c47\u4e30\u94f6\u884c\u548c\u82f1\u56fd\u6e23\u6253\u94f6\u884c\u56e0\u652f\u6301\u6709\u4e89\u8bae\u7684\u300a\u9999\u6e2f\u56fd\u5b89\u6cd5\u300b\u800c\u53d7\u5230\u62a8\u51fb\u3002\u5c3d\u7ba1\u7f8e\u56fd\u7684\u5236\u88c1\u8feb\u4f7f\u8fd9\u4e9b\u91d1\u878d\u670d\u52a1\u673a\u6784\u505c\u6b62\u5411\u4eb2\u5185\u5730\u7684\u9999\u6e2f\u653f\u5e9c\u5b98\u5458\u63d0\u4f9b\u670d\u52a1\uff0c\u4f46\u8fd9\u4e9b\u94f6\u884c\u8fd8\u662f\u63d0\u4f9b\u4e86\u3002<\/p>\n

\u5728\u4e00\u4e2a\u6781\u7aef\u7684\u4f8b\u5b50\u4e2d\uff0c\u8fd9\u4e9b\u57fa\u7840\u8bbe\u65bd\u4f7f\u975e\u56fd\u5bb6\u884c\u4e3a\u4f53\u80fd\u591f\u51cc\u9a7e\u4e8e\u4e3b\u6743\u653f\u5e9c\u4e4b\u4e0a\uff1a\u503a\u5238\u670d\u52a1\u57fa\u7840\u8bbe\u65bd\u8ba9\u5bf9\u51b2\u57fa\u91d1\u5f97\u4ee5\u628a\u610f\u5fd7\u5f3a\u52a0\u4e8e\u963f\u6839\u5ef7\u653f\u5e9c\u3002\u9762\u5bf9\u6cd5\u5ead\u547d\u4ee4\uff0c\u963f\u6839\u5ef7\u653f\u5e9c\u53d1\u73b0\u53ea\u8981\u5b83\u62d2\u7edd\u5411\u5bf9\u51b2\u57fa\u91d1\u4ed8\u6b3e\uff0c\u5b83\u5c31\u65e0\u6cd5\u901a\u8fc7\u4f20\u7edf\u652f\u4ed8\u57fa\u7840\u8bbe\u65bd\u5411\u5176\u4ed6\u6240\u6709\u503a\u5238\u6301\u6709\u4eba\u4ed8\u6b3e\u3002<\/p>\n

\u79c1\u4eba\u63a7\u5236\u7684\u57fa\u7840\u8bbe\u65bd\u548c\uff08\u4e0e\u7f8e\u56fd\u5f62\u6210\uff09\u7ade\u4e89\u7684\u8bae\u7a0b\u5408\u4f5c\uff0c\u53ef\u80fd\u4f1a\u635f\u5bb3\u7f8e\u56fd\u7684\u53cd\u7a83\u56fd\u3001\u53cd\u9003\u7a0e\u76ee\u6807\u3002\u76ee\u524d\u53d7\u76ca\u4e8e\u5077\u7a0e\u6f0f\u7a0e\u548c\u5168\u7403\u7ecf\u6d4e\u4e0d\u516c\u5e73\u91d1\u878d\u67b6\u6784\u7684\u56fd\u5bb6\uff0c\u65e0\u8bba\u662f\u63d0\u4f9b\u6781\u4f4e\u7684\u7a0e\u7387\uff0c\u8fd8\u662f\u5141\u8bb8\u975e\u6cd5\u83b7\u53d6\u8d22\u5bcc\u8005\u63a9\u76d6\u8eab\u4efd\uff0c\u90fd\u4f1a\u53cd\u5bf9\u7f8e\u56fd\u7684\u8fd9\u4e9b\u63aa\u65bd\uff0c\u5e76\u8bd5\u56fe\u52a8\u6447\u57fa\u7840\u8bbe\u65bd\u63d0\u4f9b\u5546\u3002\u8fc7\u53bb\uff0c\u4e00\u4e9b\u56fd\u5bb6\u66fe\u63d0\u51fa\u6297\u8bae\uff0c\u62d2\u7edd\u5408\u4f5c\uff0c\u4e14\uff08\u901a\u5e38\u5ba2\u89c2\u5730\uff09\u62b1\u6028\u7f8e\u56fd\u7684\u865a\u4f2a\u30022014\u5e74\uff0c\u82f1\u56fd\u53cd\u5bf9\u9488\u5bf9\u4fc4\u7f57\u65af\u5b9e\u65bd\u5236\u88c1\uff0c\u56e0\u4e3a\u8fd9\u53ef\u80fd\u635f\u5bb3\u82f1\u56fd\u91d1\u878d\u4e1a\uff0c\u540c\u65f6\u52aa\u529b\u7275\u5934\u4e0e\u4e2d\u56fd\u91d1\u878d\u4e1a\u5efa\u7acb\u5173\u7cfb\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u5728\u5927\u90e8\u5206\u6848\u4f8b\u4e2d\uff0c\u7f8e\u56fd\u7684\u5a01\u80c1\u8fd8\u662f\u8bf4\u670d\u4e86\u4e0d\u542c\u8bdd\u7684\u56fd\u5bb6\u3002<\/p>\n

\u4e00\u573a\u8de8\u56fd\u53cd\u9003\u7a0e\u3001\u53cd\u7a83\u56fd\u884c\u52a8\u4e5f\u4f1a\u9047\u5230\u65b0\u7684\u95ee\u9898\u3002\u8fd9\u79cd\u884c\u52a8\u6210\u529f\u4e0e\u5426\u5c06\u53d6\u51b3\u4e8e\u5b83\u5f71\u54cd\u79c1\u8425\u90e8\u95e8\u7684\u80fd\u529b\u2014\u2014\u5bf9\u4e8e\u8fd9\u4e9b\u5b9e\u4f53\uff0c\u4e00\u65b9\u9762\u8bd5\u56fe\u5a01\u80c1\uff0c\u53e6\u4e00\u65b9\u9762\u589e\u52a0\u5176\u5f71\u54cd\u529b\u3002\u5c3d\u7ba1SWIFT\u7684\u67d0\u4f4d\u8463\u4e8b\u4f1a\u6210\u5458\u6216\u8bc1\u5238\u4ea4\u6613\u5458\u5bf9\u4f0a\u6717\u7684\u653f\u7b56\u4e0d\u751a\u4e86\u89e3\uff0c\u4f46\u53ea\u8981\u6ca1\u6d89\u53ca\u81ea\u8eab\u7ecf\u6d4e\u5229\u76ca\uff0c\u5b83\u5c31\u4f1a\u7740\u91cd\u8003\u8651\u7ee7\u7eed\u4e3a\u4e16\u754c\u4e0a\u6700\u5bcc\u6709\u7684\u516c\u6c11\u670d\u52a1\uff0c\u5e76\u4fdd\u6301\u5176\u4f4e\u7a0e\u7387\u3002\u8fd9\u5c06\u4fc3\u4f7f\u8fd9\u4e9b\u57fa\u7840\u8bbe\u65bd\u66f4\u613f\u610f\u4e0e\u5fd7\u540c\u9053\u5408\u3001\u51b3\u5fc3\u5728\u5f53\u4eca\u4e0d\u516c\u5e73\u7684\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u4e2d\u4fdd\u62a4\u81ea\u8eab\u7279\u6743\u7684\u56fd\u5bb6\u7ed3\u6210\u8054\u76df\u3002<\/p>\n

\u6700\u540e\uff0c\u8fd9\u4e9b\u79c1\u8425\u57fa\u7840\u8bbe\u65bd\u5b8c\u5168\u53ef\u80fd\u8150\u8d25\uff0c\u6240\u4ee5\u5373\u4f7f\u4ed6\u4eec\u5408\u4f5c\uff0c\u4ed6\u4eec\u4e5f\u4e0d\u4f1a\u662f\u9760\u8c31\u7684\u5408\u4f5c\u4f19\u4f34\u3002LIBOR\u4e11\u95fb\u7a81\u663e\u4e86\u8fd9\u79cd\u5371\u9669\u3002LIBOR\u5bf9\u4e8e\u5168\u7403\u4fe1\u8d37\u5e02\u573a\u7684\u8fd0\u8f6c\u6765\u8bf4\u662f\u4e00\u4e2a\u81f3\u5173\u91cd\u8981\u7684\u6570\u5b57\u3002\u94f6\u884c\u6839\u636eLIBOR\u6765\u8c03\u6574\u5b83\u4eec\u5411\u501f\u6b3e\u4eba\u63d0\u4f9b\u7684\u5229\u7387\u3002\u6839\u636e\u7ebd\u7ea6\u8054\u90a6\u50a8\u5907\u94f6\u884c\u8463\u4e8b\u4f1a\uff08New York Federal Reserve Board\uff09\u7684\u6570\u636e\uff0c\u57fa\u4e8eLIBOR\u7684\u6d88\u8d39\u8005\u8d37\u6b3e\u7ea6\u4e3a1.3\u4e07\u4ebf\u7f8e\u5143\uff0c\u4f01\u4e1a\u8d37\u6b3e\u548c\u4f01\u4e1a\u503a\u5238\u7ea6\u4e3a5.2\u4e07\u4ebf\u7f8e\u5143\u3002<\/p>\n

<\/p>\n

2007-2012\u5e74\u95f4\u591a\u5bb6\u94f6\u884c\u88ab\u66dd\u5149\u64cd\u7eb5LIBOR\u8fd9\u4e00\u91cd\u8981\u57fa\u51c6\u6307\u6807<\/p>\n

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