求翻译：而本文的研究表明，美国的利率对汇率的长期弹性系数较大，香港的利率对汇率的长期弹性系数居中，我国利率对汇率的长期弹性系数较小，且长、短期弹性系数为负值，这种反向关系揭示了我国资本流动对短期利率变化反映不敏感，由于资本市场的半开放性，利率的变化无法通过本外币金融资产的替代影响汇率，实际利率对实际汇率的影响是通过通货膨胀联系起来的，从而进一步揭示了我国由于金融开放和汇率制度改革、利率市场化进程滞后，使得利率与汇率之间传导渠道存在阻滞倾向。是什么意思？

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But this article research indicated that, US's interest rate is big to the exchange rate long-term elasticity coefficient, Hong Kong's interest rate comes between to the exchange rate long-term elasticity coefficient, our country interest rate is small to the exchange rate long-term elasticity coeff

And this of research indicates that, United States of rates on exchange rate of long-term elastic coefficient larger, Hong Kong of rates on exchange rate of long-term elastic coefficient Center, in China rates on exchange rate of long-term elastic coefficient smaller, and long, and short-term elasti

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