货币

Suggestions about the selection of the objects were put forward:(1) ultimate object:change the present one of "stabilize the valuta hence propel the national economy" to "stabilize the finance, propel the national economy, realize high employment and maintain an international balance of payments";(2) intermediate object selection: attend to not onl...

在中间目标的选择上，不仅要关注货币供应量这一指标，而且也要关注资本市场资产价格的变动。(3)在调控手段的运用上，一是要减少对法定存款准备率手段的依赖；二是要重视运用公开市场业务操作手段，增加公开市场业务操作的频率；三是要实行廉价的货币政策。(4)在我国中央银行宏观调控空间的拓展上，不仅要立足于货币市场，而且要为由货币市场传导向资本市场传导过渡创造条件

The supply of basic currency is a acrogenic variable controlled by the authorities in our country, so the supply capacity is determined by estimating money multiplier.

我国基础货币的供给量基本上是由货币当局控制的外生变量，货币供给量是否达到预期目标关键在于估计货币乘数的大小。

Just as these were, so the nominalistic monetary theories of the present day are characterized by their inability to contribute a single word towards the solution of the chief problem of monetary theory - one might in fact simply call it the problem of monetary theory -, namely, that of explaining the exchange-ratios between money and other economic goods.

与那些古老理论一样，现在的唯名论的货币理论对货币理论首要问题——事实上，也可以称它为货币理论问题，即，解释货币和经济财之间的交换率——的解决，毫无一砖一瓦之贡献。

Based on this, it dissects the managers' behavior seeking the enjoyment of the noncurrency. It analyses the substituting relation between the income and the enjoyment of the noncurrency in the case that the managers seek extending of the firms' scales in order to meet their desire of the power and the position, and then expounds the...

在此基础上，剖析了经营者追求非货币消费的行为；以经营者追求企业规模扩大（以满足其权力、地位的欲望等）行为为例分析了经营者货币收入与非货币消费之间的替代关系；并阐明了约束经营者过度的非货币消费行为的经营者报酬定价原则。

This paper makes empirical researchs on the monetary policy effectiveness in China through statistical method, and proves that there is some correlation and Grange causality between money supply and output. Meanwhile money supply makes great influence on price, so it is necessary to control money supply to valorize. The interest rate makes poor influence on the output and price, and cannot become intermediate objective now.

四是从统计学角度实证研究我国货币政策实际效应，研究结果证明我国货币供应量与产出存在相关性，存在格兰杰因果关系，同时无论是长期还是短期，货币供应量对物价影响较大，我国仍需控制货币供应量以稳定物价水平；而利率对投资和消费影响不显著，在未实现市场化之前，利率尚不具备作为中介目标的条件。

This article from an euro started at Euro sector finance system vicissitude and the Euro sector Taylor rule utilization to the European central bank policy-making formulation, through detailed thoroughly analyzes the Taylor rule to contain at the beginning ofEuropean Union in the Euro sector application -unification monetarypolicy decision-making the monetary policy background, the utilization"the Taylor principle" analyzes 1970-2006 beginning of the year EuropeCentral Bank the monetary policy decision-making tendency, pointed outmoves towards the negotiable securities along with the financialsystem, the internationalization, the formulation and the currentpolitical situation adapt the monetary policy is inevitable.

本文从欧元启动后欧元区金融体系的变迁及欧元区泰勒规则的运用对欧洲央行的决策制定，通过详细深入的剖析泰勒规则在欧元区的应用——统一货币政策决策（含欧盟之初的货币政策背景，运用&泰勒法则&分析1970-2006年初欧洲中央银行的货币政策决策倾向，指出随着金融体系走向证券化，国际化，制定与时局相适应的货币政策是必然的。

This article from an euro started at Euro sector finance system vicissitude and the Euro sector Taylor rule utilization to the European central bank policy-making formulation, through detailed thoroughly analyzes the Taylor rule to contain at the beginning ofEuropeanunionin the Euro sector application -unification monetarypolicy decision-making the monetary policy background, the utilization"the Taylor principle" analyzes 1970-2006 beginning of the year EuropeCentral Bank the monetary policy decision-making tendency, pointed outmoves towards the negotiable securities along with the financialsystem, the internationalization, the formulation and the currentpolitical situation adapt the monetary policy is inevitable.

内容摘要本文从欧元启动后欧元区金融体系的变迁及欧元区泰勒规则的运用对欧洲央行的决策制定，通过具体深入的剖析泰勒规则在欧元区的应用——统一货币政策决策（含欧盟之初的货币政策背景，运用&泰勒法则&分析1970-2006年初欧洲中心银行的货币政策决策倾向，指出随着金融体系走向证券化，国际化，制定与时局相适应的货币政策是必然的。

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。

The argument on "Rule versus Discretion" can be traced back to the argument between Currency School and Banking School in British classical economics.

主要对比分析了货币总量目标和通货膨胀目标，并结合中国目前的通过调控基础货币从而控制货币总量的货币政策框架，得出一些有启发性的结论。

It follows that if a regional currency arrangement will be established in East Asia, regional currencies should have stable linkages with each other and should be stable vis-à-vis not a single major currency but a currency basket.

如果东亚建立了以货币篮、而不是以某种重要货币为中心的区域货币制度安排，那么区域内各货币间将会有稳定的联系，其币值本身也将更为稳定。

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了