查询词典 monetary system

Furthermore, the thesis analyzes in depth how deflation influences the related behaviors and conductive processes of the mechanism, studies how deflation influences the whole mechanism, and makes a theoretical and empirical study of deflations influence over the effectiveness of monetary policy. It concludes that deflation makes the mechanism checked and thus weakens the effectiveness of monetary policy.

然后，深入分析通货紧缩对货币政策利率传导机制各利益主体和诸环节的影响，研究了通货紧缩对整个传导机制的影响，并从理论分析和实证分析的角度研究了通货紧缩对货币政策效应的影响，得出了通货紧缩使中国货币政策利率传导机制阻滞从而削弱政策效果的结论。

When monetary factor is introduced, fire monetary loss can be obtained.

进而引入建筑物的财产因子，建立了火灾直接财产损失的评估方法。

Frank Gong of JPMorgan Chase to emphasize once again on monetary policy has always expected: by lowering the deposit reserve ratio and interest rates, monetary policy will be relaxed further.

弗兰克摩根大通龚强调货币政策再次一直预计通过降低存款准备金率和利率：货币政策将进一步放宽。

The experience of developed economies shows that effective reactions of interests rates of money mar- kets to monetary policy is very important for effectiveness of monetary policy.

发达国家经验表明，货币市场对货币政策操作的反应对货币政策的有效性具有重要意义。

In the 19th century the banking school had greater influence in policy in the United States and Great Britain, while the currency school had more influence "on the continent", that is in non-British countries, particularly in the Latin Monetary Union and the earlier Scandinavia monetary union.

在19th世纪，银行业学派对在美利坚合众国以及大不列颠的政策有更深远的影响，而货币学院派则对欧洲大陆除了英国以外的国家的影响更深一些，特别是那些拉丁货币体系的联盟以及更早期的斯堪的纳维亚货币体系联盟。

In fact, the stock market channel of monetary policy is composed of two steps, those are how monetary policy pass to stock market and how stock market affect the real activity.

货币政策与股票市场价格的关系作为货币政策的股票市场传导机制的第一个环节至关重要，它不仅决定着整条传导渠道是否畅通，也对货币当局制定货币政策具有重要的借鉴意义。

Crosschecking this assessment with the monetary analysis within the two-pillar framework leads to the conclusion that the strong monetary expansion should not, for the time being, be seen as adversely affecting this outlook, in view of the economic situation.

结合经济形势分析和货币形势分析这两大支柱，再考虑到经济环境的大背景，可以得出这样的结论，即到目前为止，强劲的货币总量增长尚且不会对物价的持续稳定造成负面影响。

The first part consists of the introduction and basic theories, which remarks correlative literatures and disquisitions and puts forward the transmission mechanism of the stock market. It also analyzes the impacts of the monetary policy for stock market in our country to show the necessity of research on this mechanism. The second part is the microcosmic and macroscopic analysis; it mainly comprises the behaviors of the enterprise, the bank and the inhabitant as well as the stock market, money market and their joint condition. The third part studies the transmitting impacts with demonstration analysis from two aspects, and explains this course using the theories of the first part and the micro-and macro-foundation of the second part. The fourth part is the conclusion and policy recommendations; it includes the factors of effecting the transmission of monetary policy in the stock market, proposes some related suggestions, and points out the research direction in the future.

本文分为四部分：第一部分为导论及基本理论分析，对国内外股市传导机制研究理论文献进行述评，提出系统的股市传导机制，并分析我国股市发展对货币政策的影响来说明研究股票市场传导机制的必要性；第二部分为宏微观基础分析，主要包括企业、银行及居民行为以及股票市场、货币市场及其联结状况分析；第三部分分两个环节实证研究股市传导效果，并利用第一部分的理论与第二部分的宏微观基础进行解释；第四部分是结论及政策建议，归纳影响货币政策股票市场传导的因素，提出相关建议，指出未来研究方向。

Based on both western scholars' study such as Taylor on a monetary policy reaction function and Chinese condition, this article makes a new forwardlooking monetary policy reaction function, in terms of market interest rate, regulated interest rate and interest rate spread.

本文在泰勒等西方学者对货币政策反应函数研究的基础上，构造一个适合我国国情的前瞻性货币政策反应函数，从市场利率、管制利率以及两者利差三个层次，通过该反应函数对我国货币政策的实证检验结果发现，一方面，该反应函数能够很好地描述同业拆借利率、存贷款利率和两者利差的具体走势，能够为我国货币政策的制定提供一个参考尺度，以衡量货币政策的松紧。

Monetarists assert that the empirical study of monetary history shows that inflation has always been a monetary phenomenon.

货币学派的主张认为通过对货币历史经验的研究表明，通货膨胀通常只是一个货币现象。

"Please accept this talisman as a token of our thanks."

请收下这个护身符以表达我们的感谢。

If I have that magic, I will be more acceptable in the society.

如果我拥有那种魔法，我将更加被这个社会所容纳。