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The central bank s raising of rediscount rate in 2001 caused a sharp shrink of rediscount business, which had a profound impact on the paper market in terms of its operational mode, market scope and development.

2001年中央银行调高再贴现率后再贴现急剧萎缩，对票据业务的运作方式、市场规模乃至发展格局部产生了较大的影响。

According to the economic situations of Taiwan, this study assumes three different policies, including monetary policy, fiscal policy, and exchange rate policy, then assess and analysis them under different scenarios separately.(1) Monetary policy: under the situation that central bank considers that raises rediscount rate by gradual adjustment or one-time adjustment.

依据台湾目前经济情势，本文假设三种不同政策，包括货币政策、财政政策以及汇率政策，分别在不同情境下进行评估与分析：(1)货币政策：在央行考虑调升重贴现率的情况下，选择逐次调整亦或一次调整的方案。

At the same time, lowered the central bank refinancing and rediscount interest rates.

同时，降低了中央银行再贷款和再贴现利率。

Under the open economy condition, the central bank determines the base money through the rediscount, loans, purchasing securities and foreign exchange and so on.

在开放经济条件下，中央银行的基础货币通过再贴现，贷款，购买债券和外汇等来决定。

In the background of gradually enhancing the strength of wielding rediscount policy,this conclusion will help the central bank to have a bett...

在我国逐渐加强再贴现政策实施力度的趋势下，这些结论有助于提高央行对再贴现政策影响因素的认识及运用效果。

At the same time, lowered the central bank refinancing and rediscount interest rates and sub-categories lowered the RMB deposit reserve rate.

同时，降低了中央银行再贷款，再贴现利率和子类别下调人民币存款准备金率。

On the shrink of the central bank s rediscount business;2. As the market has developed, there is a distinct gap between rediscount , and acceptance and discount.

我国的票据业务经过了20多年的发展，实现了从市场主体扩容到市场工具丰富等各方面的突破，但是其占金融机构存贷款额的比例仍然偏低，而随着市场的发展，再贴现业务却与承兑和贴现形成了明显的剪刀差。

Seen from the monetary policy tools, the function of the traditional deposit reserve system and the rediscount policy weakens while the open market policy will be the most important monetary policy instrument of the Central Bank.

从货币政策工具看，传统的存款准备金制度、再贴现政策的作用弱化，而公开市场业务将成为中央银行最重要的货币政策工具。

Indeed, in supporting commodities prices at the expense of consumers, central-bank policy risks unleashing stagflation, not reflation.

事实上，美国央行的政策是以损害消费者为代价来支撑商品价格，因此会有引发滞胀的风险，而不是通货再膨胀。

Like this emerging REIT financing channels, the central bank has also received support in terms of policy.

这样新兴的房地产融资渠道，央行还收到了支持政策。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。