货币

In fact the exchange rate of RMB also devalues relatively because of the devaluations of US dollars in the international finance market for our country has carried out the fixed exchange rate policy to the US dollars actually.

文章从实证的角度探讨了货币供给量对我国经济的影响，并进一步研究了我国货币政策传导机制问题。

The second part starts from the description of the historic and current situation about China'S capital and money markets,then analyses the problems existing respectively.It ends up with the current dissevered situation of the two markets.

其次，回顾与分析了我国资本市场和货币市场的历史发展轨迹和目前发展状-况，分别分析了两个市场发展中存在的问题，总结了货币市场与资本市场非均衡发展的特点以及造成非均衡现状的主要原因，然后研究了两个市场割裂的情况。

In a direct market-based financial system, as the result of the diversification of financial assets, the channel of monetary policy transmission diversifies.

在银行信贷是企业唯一外部融资方式的环境下，间接货币政策工具可以影响但不会限制银行自主经营的行为，而直接货币政策工具不仅影响而且限制银行的自由经营行为，银行冲抵政策变化影响的能力相对较弱。

Subsequently, this paper educed a model of supply and demand of money increment which summarized and developed the fore studies.

本文首先回顾了现代信用货币的创造过程，分析了现代社会经济条件下货币的供给渠道，为后面的分析奠定了基础。

The fall in income reduces the demand for money, and this reduces the nominal interest rate that equilibrates the money market.

收入的降低减少了货币需求，这又会降低名义利率以使货币市场保持均衡。

The fall in income reduces the demand for money,and this reduces the nominal interest rate that equilibrates the moneymarket.

收入的降低减少了货币需求，这又会降低名义利率以使货币市场保持均衡。

In recent years, Chinese stock market has developed rapidly, however, it has fluctuated significantly.

股票市场在对货币政策的传导效应产生积极作用的同时，在一定程度上也弱化了货币政策的效果。

It is because distribution requires good organization that the most effective forgeries have often been undertaken by governments themselves.

正因为货币发行需要良好的组织工作，所以绝大多数有效的货币伪造都是由政府自己进行的。

This causes a funnelling from Asian currencies into dollars and euros.

在这种情况下，上游资金流动创造了大量亚洲货币供给，而下游资金流动却创造了对美元和欧元的需求，而非对亚洲货币的需求。

Moreover , tight monetary policies are ineffective because the money supply by People's Bank of China is at least partially passive when Dollar gluts .

运用从紧货币政策强行控制通货膨胀是难以达到理想效果的，因为引发通货膨胀的很大一部分原因在于美元的泛滥，控制增发货币的闸口并不完全在中国人民银行掌握之中。

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。