资产货币

Discussion of the "liquidity trap", in which standard easing of monetary policy may cease to have any effect, had fallen out of vogue in undergraduate courses but seems to be back with a vengeance.

原本常被大学部课程打入冷宫的「流动性陷阱」（指利率持续走低下，宽松货币政策宣告失效），现在又热门起来；资产泡沫的问题也大受学生欢迎。

Non-monetary transaction is not a new phenomenon at present. From starting with the spring up of barters on border to entering into 1990s, with the development of securities business in China, non-monetary transaction, including assets permutation and stock exchange, has become more and more frequently.

从20世纪80年代兴起的边境易货贸易开始，到进入90年代以来，随着我国证券市场的发展，包括资产置换、股权交换在内的非货币性交易越来越多。

This dissertation begins by elaborating relevant theory of monetary policy and asset prices.

论文首先对货币政策与资产价格的相关理论进行了阐述。

Besides, the paper analyzes the micro and macro effects of currency mismatches.

然后，利用资产负债表的分析方法对货币错配的微观效应和宏观效应进行分析。

Cheaper money makes other assets look more attractive—an undesirable consequence at a moment when risk is being repriced after many years of lax lending.

相对便宜的货币市场使得其他资产看起来更具吸引力—在长期放松银根之后对风险进行重新定价之时，这可不是一个好结果。

Banks' reluctance to lend as they strive to repair their overstretched balance-sheets is impairing the effectiveness of monetary policy.

银行贷款意愿的减少是因为他们要拼命的修正过度扩张的已经损害了货币政策效果的资产负债表。

It's time the candidates devote less time on the minutiae of configuring the next economic stimulus package, or renegotiating the North American Free Trade Agreement.

比如：候选人是否赞成建立一种与普遍认可的储备资产相关联的新全球性货币秩序，将其作为一种防范谋取私利的政府实行蹩脚政策的机制呢？

The monetary and financial policies implemented by central banks, on the one hand, andassets. The German yield curve rose and steepened, with 2-year and 10-year rates rising by

各国央行实施的货币和金融政策以及各国政府推出的财政和税务政策，令投资者对风险资产重拾

The monetary and financial policies implemented by central banks, on the one hand, andassets. The German yield curve rose accordingly and steepened, with 2-year and 10-year rates

各国央行实施的货币和金融政策以及各国政府推出的财政和税务政策，令投资者对风险资产重拾

This is stymieing the adjustment of China's economy, fuelling dangerous domestic asset bubbles and placing an unnecessary burden on other, more flexible currencies.

这妨碍 了中国的经济调整，产生了严重的本国资产泡沫，并为其他更加灵活的货币增加了多余负担。

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。