货币

In the current money supply has been too large, overheating investment, China may be practiced on how to expand the money supply policy?

在目前的货币供应量已经过大，投资过热，中国可能实行就如何扩大货币供应量的政策呢？

The primary issue is and has been the debasement of the currency and its effects on the financial and monetary systems.

首要的问题是，持续贬值的货币及其对金融和货币体系的影响力。

To destroy the capitalist system was to debauch the currency.

像是对持有货币的人们所征收的税，通过减少他们所持货币的价值来征税。

Printing money would worsen inflation, debauch the currency and bring a balance-of-payments crisis.

印刷货币只会导致更严重的通货膨胀，使货币贬值，引发收支平衡崩溃带来的危机。

When investors lose trust in conventional currencies, because monetary policy appears set to debauch them, gold is the immediately available safe haven.

如果投资者认为货币政策将导致常规货币贬值，因而对其失去信心，黄金就是直接的避险资产。

In the third quarter of this year, monetary policy implementation report, the central bank said "monetary policy to prevent deflation in the near future, in the long term to prevent inflation."

在今年第三季度货币政策执行报告中，央行表示，"货币政策，防止通货紧缩，在不久的将来从长远来看，防止通货膨胀。"

In the paper the monetary policy ineffectiveness proposition can"t repudiate the effectiveness of the China"s monetary policy under deflation because of the imperfect markets and the information asymmetry.

本文认为，由于市场的非完全性、信息的不对称性，货币政策无效命题否定不了通货紧缩下我国货币政策的效力。

This paper analyzes the state of effectiveness of the Japan"s monetary policy during deflation. The Japan"s monetary policy has stepped into liquidity trap. The "zero interest rate policy" cant increase investment and stimulate the economic growth.

本文分析了日本通货紧缩时期的货币政策的效力状况，日本货币政策已陷入流动性陷阱，零利率政策没有增加银行贷款和带动投资，最终刺激日本经济增长。

The goal of anti deflation can not be reached by unilaterally expanding money circulation,but should be based on the adjustment of monetary structure.Curing deflation by inflationary policy may cause stagflation Salary increase to civil servants can not bring up the income of...

作者的结论是："积极的财政政策"、"适当的货币政策"，这样的概括和称谓不科学；反通货紧缩用货币量的单纯扩张不能解决问题，重点应当放在调整货币分布结构上；"搞点通货膨胀"的政策建议不可取，用通胀治通缩的结果很可能是滞胀；公职人员加薪不能带动其他社会成员增收，其它社会群体增加收入要从他们所处的现实经济关系中去寻找。

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。

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。