资产货币

The greenback was hit on Friday by comments from Wu Xiaoling, the deputy governor of the People's Bank of China, who said in an academic paper that the dollar's recent decline increased the depreciation risk for Asian reserve assets.

中国人民银行(People's Bank of China)副行长吴晓灵上周五发表的一份学术报告对美元构成压力。吴晓灵在报告中表示，作为主要储备货币的美元汇率持续走低，增加了东亚储备资产的贬值风险。

Financial crises are marked by a disquieting uncertainty about the value of assets and money, which makes them deeply disorientating.

金融危机的标志是资产和货币价值的不确定性，这种不确定性令人不安，使人迷惑。

Heller—Knight Model stressed the balance of trades effect in the currency structure of foreign exchange reserves decision. Dooly model shows the trade flows, the debt payment and the exchange arrangements will all affects the currency structure of foreign exchange reserves. There is some logic to each of these three models, but are not comprehensive enough.

资产组合理论强调货币的收益与风险在安排外汇储备币种结构中的作用，海勒——奈特模型强调贸易收支在决定外汇储备币种结构中的作用，杜利模型则将影响外汇储备币种结构的因素扩大为贸易流量、外债支付及汇率安排三个因素。

Followed from the currency reserve structure to optimize the structure of the main factors affecting research, this paper introduces the three theoretical models: Asset Portfolio Theory, Heller—Knight Model and Dooly Model. Portfolio Theory stresses the returns and risks in arranging the structure of foreign exchange reserves.

紧接着从优化储备货币结构入手，对影响结构的几个主要因素进行了研究，并介绍了外汇储备币种结构选择的三大理论模型，即资产组合理论、海勒——奈特模型和杜利模型。

Dealing account and drawing bad debt provision are all basic essential factors for bank to control risks.

商业银行是经营货币商品的特殊企业，其贷款业务是最主要的资产业务。

The possible reasons are high income elasticity of money demand and effective monetary sterilization of central bank of china.

两个可能的原因是较高的货币需求收入弹性与中央银行对增加的大部分国外资产的有效冲销。

And the foregone earnings of holding financial assets in the form of money rather than some other asset.

和先前手中持有的货币形式的金融资产的收益。

I incline to the more benign view because of the size of household assets but, if the dollar's reserve currency status should come under serious attack, rates would have to rise to defend it and that could itself cause a consumption crisis.

由于美国家庭资产的规模巨大，我倾向于较为乐观的看法。但如果美元的储备货币地位遭受严重攻击，那么作为防御，利率必须上升，这可能会引发消费危机。

Traditionally, the insurance on offer has covered political violence, nationalisation and expropriation of assets and currency inconvertibility.

传统的保险项目覆盖了政治爆力、资产没收及征用、限制货币自由兑换等项目。

Has already helped to inflate assets prices in Asia, especially for emerging-market bonds and real estate.

欧美宽松的货币政策已推高了亚洲资产价格，特别是新兴市场债券及房地产价格。

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。