资产货币

It has the basic characters of common enterprises, but it also has two particularities. The first one is that the commodity, money, is special. The second one is that the management itself is special. Bank is an enterprise whose liability ratio is very high. With business license and the level effect of capital abundance ratio, bank expands its asset by continuously increase liability.

它具有一般企业的基本特征，但又具有与一般企业不同的特殊性，一是由于其经营的商品——"货币"具有特殊性，二是银行的经营方式有特殊性，主要体现在银行是一个高负债的企业，银行凭着经营特许和资本充足率的杠杆效应，通过不断增加负债，带来资产高速扩张；同时也带来了相应的高风险。

Accommodative monetary policy, easily lead to asset price bubbles, to the future potential risk of financial system crisis.

宽松的货币政策易引发资产价格泡沫，给日后金融系统危机带来潜在风险。

The aggregate investments made by the Fund in the Bond and short-term corporate bonds offered by one issuer may not exceed 10% of the net value of the Fund asset.

二、货币市场基金投资于同一公司发行的短期融资券及短期企业债券的比例，合计不得超过基金资产净值的百分之十。

The long-term asset allocation strategy of the Exchange Fund is guided by the investment benchmark, which defines bonds and equities mix as well as the overall currency composition of the Fund .

外汇基金的长远资产分配策略根据投资基准厘定，投资基准决定外汇基金投资于债券及股票的比重，以及整体货币组合。

Derivative A financial instrument whose characteristics and value depend upon the characteristics and value of an underlier, typically a commodity, bond, equity or currency.

衍生品 一种其资产特点和价值依赖于原生资产（典型的如商品，债券，股票和货币）特点和价值的金融工具，如期货和期权。

The development of the index have catched up with the development of the economy and the society.We can ameliorate our index in many ways. We can fetch in new index,such as rewarding index of investment capital, it can be used to avoid the ruleless fluctuate caused by unregular revenue. We can fetch in the accrual ability of immateriality assets and "social responsibility" to enhance the deal of non-currency info and knewledge assets info. We can fetch in the method of key index analyse through relevancy analyse to conform the sequence of significance.

我们可以从多方面对指标进行改进，可以通过引进新指标如投资资本报酬率来克服因非经常性收益使企业业绩出现忽高忽低地波动的问题；可以通过引入无形资产获利能力评价指标、&企业社会责任&的概念来加强企业非货币性信息、知识资产信息在评价体系中的份量；通过引进企业获利能力关键指标的灰色关联分析来科学地确定指标的重要性顺序，以减少指标使用的盲目性。

The industry point out that the reason why commercial banks in housing loans to come up with this piece of high quality assets in securities of the pilot, was to build a good connection with the asset markets, currency markets platform.

业界指出，为什么商业银行在住房贷款拿出这块高品质的资产证券的试点，是建立一个良好的与资产市场，货币市场的平台。

In this connection, policy contradictions resulting from the 'Policy Trilemma' proposed by Mundell-Fleming are examined to analyze the cost of gradualist capital account openness, such as capital flight in anticipation of currency devaluation and excess capital inflow coupled with asset appreciation spawned by currency revaluation.

本文首先以蒙代尔-弗莱明&三元悖论&导致的政策冲突分析了资本账户渐进开放的成本，如货币贬值预期下的资本外逃、货币升值预期情况下的资本过度流入以及资产价格上升等。

If you investigate individually the manias that the market has so dubbed over the years, in every case, it was expansive monetary policy that generated the boom in an asset.

在那个躁动的年代，就单个个案而言，导致大量的资产泡沫的是紧缩的货币政策。（因为流动性不足，资产不能套现反而成了累赘。

The debate remains as divided as before between "supply-siders", who emphasise microeconomic reform,"bank-siders", who emphasise the need to recapitalise the banks, and "demand-siders", split, in turn, between monetarists, who demand more money, and fiscalists, who recommend bigger fiscal deficits.

在日本，辩论各方仍与以前一样观点迥异：其中包括注重微观经济改革的&供应学派&，强调需要对银行进行资产重组的&银行学派&，以及由主张增大货币发行量的&货币学派&和主张增大财政赤字的&财政学派&构成的&需求学派&。

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。