查询词典 monetary

A bimetallic standard is a monetary standard where the monetary unit is defined as consisting of either a certain amount of a metal or a certain amount of another, with the monetary authority being ready at all times to coin either metal at the legal price.

在此复本位制下，货币单位定义为可含一定量的两种金属中的任一种，货币当局可在任何时间以法定价格铸币。

Deflation has been paid close attentain to by academic circles and govern ment departments around the globe.On the basis of investigating the related literature of deflation at home and abroad,the auther of this paper puts emphasis on studying China"s deflation,including its cause of formation,mechanism of the formation and effectiveness of monetary policy during deflation by qualitative and quantitative analyses,positive and normative analyses,theoretical analysis and case confirmation;then points out the orientation of China"s monetary policy by raising the efficiency of monetary policy in the future and avoiding deflation.

本文在分析研究国内外在通货紧缩判断标准、形成机理、治理对策等方面研究方法及研究现状的基础上，采用实证分析与规范分析相结合，定性分析与定量分析相结合，理论概括与实践归纳相结合的方法，从多方位、多角度对产生中国目前通货紧缩的原因进行分析，从理论上梳理出中国目前通货紧缩形成的逻辑过程，并对通货紧缩时期货币政策的效果及未来货币政策的取向进行了深入分析和有效探索。

Monetary policy target through using its economic data of different periods in the history, the paper further proves that Feds monetary policy target is effective in curbing inflation, avoiding deflation arising from monetary policy, and facilitating the economic growth.

最后，本文分析和论证美联储组织制度、监管体制和两级银行建制对中国人民银行组织制度改革以及中小金融机构管理建制的借鉴意义。

Table about Characteristics of Each Cost and Benefit Item of Monetary Union" is summarized;"Common Benefits" and "Long-term Benefits" of monetary union are emphasized;"Improved Cost-benefit Conditions is presented- Regarding to EMU, we argue mat economic net benefit is sufficient to justify EMU. Then the diesis constructs a simple macro game model to capture the interactions of two countries deciding to form a monetary union.

论文接下来将针对这些不足，从国家利益角度对货币同盟各项收益和成本作出进一步全面细致分析，提出"货币同盟各项收益成本特征的综合分析归纳表"，归纳出"共同利益"和"长远利益"，并提出"改进了的成本收益条件"。

The discussion of monetary policy and capital flows almost inevi-tablybegins with the well-known trilemma, the observation that acountry can choose no more than two of the following three featuresof its policy regime:(1) free capital mobility across borders,(2) a fixedexchange rate, and (3) an independent monetary policy.1 Various combinations of these features have dominated world monetary ar-rangementsin different eras.

关于货币政策和资本流动的讨论要从众所周知的"三难困境"开始，即，一个国家的政策安排不可能同时具有下属三个特征，而只能三者选二：（1）资本自由的跨国流动（2）固定汇率（3）独立的货币政策。这三种特征的不同组合就构成了世界不同地区的货币制度安排。

The effectiveness of the equilibrium credit rationing behavior to our monetary policy mainly express in following aspects: The first, the creation of the equilibrium credit rationing behavior influence the National Central Bank's activity of adjusting the control of foundational monetary directly; The second, the existence of the equilibrium credit rationing behavior inevitably influence the effectiveness of the National Central Bank controls the policy of the market interest rate; The third, the equilibrium credit rationing behavior would influence the monetary multiplicator; The fourth, the existence of the equilibrium credit rationing behavior would result the partition of the credit market.

均衡性信贷配给对我国货币政策的影响主要表现在以下几个方面：第一，均衡信贷配给的产生直接影响中央银行调控基础货币投放的主动性；第二，均衡信贷配给的存在必然影响中央银行控制市场利率政策的效力；第三，均衡性信贷配给影响货币乘数；第四，信贷配给的存在导致信贷市场的分割。

So, our work consists of two major parts: First, we using qualitative and quantitative analysis to prove the effects of monetary policy in non-crisis period is effective and its effectiveness is significant. Second, we analysis the effects of monetary policy in crisis period, especially time slice by means of recurrence method, and do empirical study of each interval sample separately to observe the change of monetary effectiveness.

为此，本文所做的工作主要有以下两点：第一，通过定性分析和实证方法证明在美国经济正常时期，即非危机时期，美国的货币政策是有效的且有效性显著；第二，对次贷危机以来美国的货币政策效应进行分析，以时间递推的方法将危机时期进行分段，并分别进行实证研究观察货币政策有效性的变化。

This paper examines whether or not stock return responds asymmetrically to monetary policy shocks. We use over-night rate volatility to measure monetary policy and apply Component-GARCH-Constant Jump and ARJI-Trend model to capture expected and unexpected effects of government's monetary policy on the stock return in American, Canada, Japan, and Britain. Considering the non-normality features of these assets returns, this paper use skewed student t distribution to estimate the relationship between the permanent and transitory components of the conditional variance and the frequency and intensity of jump of stock return.

本文探讨货币政策对於股市报酬之影响，选取货币政策代理变数－金融业隔夜拆款利率在分别采用Component-GARCH-Constant Jump与ARJI-Trend模型，并同时考量报酬率呈现非常态之特性，因此采用偏态t分配(skewed student t-distribution)进行估计条件变异数的恒常与移转部份及跳跃机率与跳跃频率，以捕捉政府实施预期及非预期的货币政策对股市报酬的影响，分析在预期及非预期的货币政策冲击下对股市的影响是否存在不同之效果。

The author stressfully compare financial variables of possibly acting as intermediary goals: monetary supplies, market interest rate and inflation rate in terms of monetary multiplier, monetary circulating velocity, and basic money etc, which tries by comparing to that the index of monetary supplies is superior to the others in terms of measurability, controllability, and anti-disturbance.

其后在这一部分中本文结合经济与金融环境的变化，从货币乘数、货币流通速度、基础货币等几个方面，重点比较了货币供应量、市场利率和通货膨胀率等三个可供作为货币政策中介目标使用的金融变量，力图通过比较来说明，从可测性、可控性和抗干扰性等多个角度看，货币供应量优于另外两个指标。

This kind of study is of great importance both in theory and in practice. The objective of this thesis is to analyze the immediate problems of the monetary policy in China which are found in its subject, utility goals, intermediate targets, means of implementation and conducting mode. This study is carried out by drawing lessons from western monetary policy theory and by making comparisons on a historical and international basis. In this thesis, the problems are analyzed by citing theories as well as listing examples so as to make the analysis logical. With the help of the analysis and by considering the actual situation of the economy in China, the author also gives some suggestions on how to scientifically formulating and effectively implementing the monetary policy in China after a careful anatomizing of China's monetary policy.

因此，本文的研究主题就是在全面借鉴国外货币政策理论的基础上，贯彻理论研究与实践分析、逻辑推理与历史演绎、横向比较与纵向比较、理论继承与观点创新相统一的研究原则和写作方法，重点结合改革开放20多年来中国货币政策的实践，系统、深入地分析我国货币政策在主体、最终目标、中介目标、操作工具和传导机制方面存在的突出问题，在此基础上，结合我国经济发展的现状和要求，对我国货币政策理论体系进行层次梳理和系统重构，并对提高我国货币政策制定的科学性和实施的有效性提出政策建议。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。