The paper is the theory analysis about the basic theory of the capital and money markets . it emphases differences in the function these markets , but the two markets connect each other . it is about the international comparison of the connections between the capital and money markets 本文从货币市场与资本市场的理论进行分析,虽然货币市场与资本市场在金融体系中的功能和作用不同,但是两个市场相互关联,主要通过价格联结效应、资金联结效应和风险联结这三种效应来体现。