貨幣的創造 的英文怎麼說
中文拼音 [huòbìdechuàngzào]
貨幣的創造
英文
creation of money-
Commercial bank is the special corporation that manages currencies. it is the largest loaner and debtor as the agency of credit and payment and the organization that creates credit tools
商業銀行是經營貨幣的特殊企業,作為信用中介、支付中介和不斷創造信用工具的機構,它既是最大的債權人又是最大的債務人。Bill is one kind of valuable security : in accordance with law of negotiable instrument, drawer pays an amount of money or entrust other people to pay an amount of money to the holder of a bill unconditionally. bill is important in the development of our national economy, but because of some objective factors, chinese law of negotiable instrument is not very consummate
票據,是發票人依票據法的規定無條件支付一定金額或委託他人無條件支付一定金額給受款人或持票人的一種有價證券,它作為一種能流通的債權憑證使商品的讓渡與貨幣支付從形式上分離,將商業信用有機地溶化在商品交換之中,創造了比實際貨幣更優越的資本載體。Bankers who can balance their books may conclude that they know all there is to know about the creation of money.
能使收支平衡的銀行家可以得出結論,認為他們已經掌握了一切有關創造貨幣的知識。Even if we were to sterilise the money created through certain funding arrangements, we would still be lending to the government, which could be misunderstood
即使我們作出某些資金安排,以抵銷創造貨幣的影響,我們仍然是貸款予政府,市場可能會對這個行動產生誤解。As long as banks wanted to sell us dollars to the hkma, for the currency board account of the exchange fund, at the exchange rate determined by the hkma, the hkma had to create those hong kong dollars
只要銀行是按照我們每日所定的買入美元的匯率把美元售予金管局,以記入外匯基金貨幣發行局帳目內,我們都必須接盤然後創造相應的港元。There is no limit to the amount of domestic money that can be created if the demand is there. as long as banks want to sell us dollars to us, for the currency board account of the exchange fund, at the exchange rate determined by us, we have to create those hong kong dollars
就香港的情況而言,只要銀行是按照我們每日所定的買入美元的匯率把美元售予金管局,以記入外匯基金貨幣發行局帳目內,我們都必須接盤然後創造相應的港元。Our strategy since then has been to nurse the exchange rate back over time nearer to 7. 80. this involved, as recorded in the published minutes of the currency board sub - committee of the exchange fund advisory committee, ourselves passively taking in us dollars when these were put to us at the market exchange rate and correspondingly creating hong kong dollar liquidity in the inter - bank system
金管局當時的對策是逐漸把匯率推回至較接近7 . 80的水平,正如貨幣發行委員會的會議記錄所載,我們的對策就是當銀行以市場匯率向金管局沽出美元時,我們都會被動地接盤,賣出港元,為銀行同業市場創造相應的港元流動資金。Based on the analysis of commercial banks " current concept about fund management, this paper brings forward that fund management is the main - string in its operation, and that the concept of fund management, including security and profitability, is extended from current " forrying fund " to the management of the fund cost and fund risk the paper comprehensively discusses the principle of fund management, the management of fund costs, the tactics of management about fund liquidity, the measures of management about fund risks and how to solve the problems on interest risk in the period of frequent interest fluctuation. the paper puts forward ideas on how to improve the fund management. the security, liquidity and profitability of the fund, which are both contradictory and integrated with one another, are internal factors of fund management. fund liquidity is traditional core question. commercial banks face with a number of risks of witch credit risk is the greatest one because our country has adjusted interest rates 8 times since 1996, which covered a period of frequent interest fluctuation
商業銀行面對許多風險,但最大風險是信用風險。由於我國自1996年以來已連續調整了8次利率,近幾年是利率波動頻繁時期,研究利率的敏感性問題顯得特別重要。要改善資金管理,提高商業銀行的經營水平,就要建立資金管理是商業銀行經營主線的理念,對資金要統一規劃和管理;要改革銀行的體制,建立現代企業制度和法人治理結構,在體制上為資金管理提供有利的運行平臺;增加改善資金流動性管理所需的貨幣政策工具,擴大資金調控手段;打破貨幣市場的僵化局面,為資金管理創造有利的宏觀環境;續續優化負債結構和負債載體設計;增強資金信用風險規避和化解的措施;通過銀行資源整合,努力尋找資金的安全投放渠道,最終完成經營模式由傳統型向現代型的轉變。In general, these studies are primarily based on the theories of financial restraint and financial deepening initiated by r. i. mckinnon and e. s. shaw, either stressing the urgency of china ’ s interest rate liberalization, its international experience, target orientation, mode selection, sequencing, conditional creation, risk control and the transformation of the monetary policy conduction mechanism, or such problems as the effect of reform on each economic party, positive examination of the real interest rate, savings mobilization, investment quality, relativity between the variables in economic growth as well as the interest rate sensibility in economic sectors of different ownerships
總的看來,這些研究基本上以麥金農和肖所開創的金融抑制?金融深化理論為依據,或是側重於討論我國利率市場化改革的必要性迫切性、國際經驗、目標定位、模式選擇、次序安排、條件創造、風險控制以及貨幣政策傳導機制的改造等問題,或是側重於分析改革對各個經濟行為主體的影響,再者就是實證考察實際利率、儲蓄動員、投資質量、經濟增長各個變量之間的相關性和不同所有制經濟部門的利率敏感性。The accrual of debt dollar is the part besides original money gross, inevitable requirement is besides existing money gross create a new debt dollar again, in other words, people borrows qian yue much, must lend more money
債務美元的利息是原有貨幣總量之外的部分,必然要求在現有貨幣總量之外再創造出新的債務美元,換句話說,人民借錢越多,就必須借更多的錢。What we will not do, of course, is " print " the money, or, more accurately, create the money by crediting the required amounts to accounts the treasury is maintaining with commercial banks through crediting the clearing accounts that those banks are maintaining with the exchange fund
當然,我們不會印銀紙,又或者更確切的講法是,我們不會創造貨幣,即不會藉撥款至商業銀行設于外匯基金的結算戶口,把所需款額存入庫務局在銀行開設的戶口。Meanwhile, new risks arising from the avoiding or dispersing of the risks by finance innovation bring more unreliability to our monetary policy
同時,金融創新在轉移和分散風險的同時造成的新的風險也給貨幣政策的效果帶來了不確定性。Different from the developed countries solving the dilemma of credit inflation on the basis of the market economy system successfully, our country tried to solve the same problem forever on the basis of the plan economy system with the empiricies of the ussr economic development model
由此可見,研究制度安排對信用擴張難題緩解的影響,有助於我們完善體制改革設計,促使企業家創新投資貨幣資本需求適度滿足,為實現最優經濟增長創造有利條件。The author holds the view that the linkage between the two markets is significant but should be under a fundamental principle : commercial banks, as subjects of the money market, can only be liquidity provider, not investing subjects in the capital market. we should prevent the capital market from being another credit creating system for commercial banks. under the above principle, we should perfect our fundamental works to link the markets through funds exchanges, to link the tools through innovations, to link the institutes and governance through constructing new organizations
本文認為,貨幣市場與資本市場的對接具有重大意義,但兩市場的對接必須堅持一個原則,那就是作為貨幣市場主體的商業銀行在任何時候只是為資本市場提供流動性,而不是資本市場的投資主體,並且防止資本市場可能成為商業銀行新的信用創造機制;在此原則之下,完善系列基礎工作,通過市場間交流實現資金的對接、探索創新實現金融工具的對接、構建新的組織結構實現機構的對接和監管的對接,最終提高我國金融體系的整體競爭力,提升金融效率。Influence of electronic money on credit ability of commercial bank
電子貨幣對商業銀行信用創造能力的影響The creation of too many qq coins, he notes, could, in theory, create a surge in china ' s total money supply, leading to inflation
如果創造出過多q幣,他說,理論上的推論就是,造成中國貨幣攻擊總量的激增,有可能導致通貨膨脹。Before reformatting, times group was on the way that ex - period the strategy for process for what walk through nearsight positivity of human resource with manpower capital, favor currency capital the expansion, so blindness in expansion ca n ' t make hi - tech to create the first productivity
本案例中的時代集團是眾多民營企業的縮影。它在改革前期所走過的是短視人力資源和人力資本能動性,青睞貨幣資本擴張性的歷程,盲目的戰略擴張致使高新技術不能創造第一生產力。The purchase of the bonds issued by the government through the creation of money - the monetisation of budget deficits - is against the monetary rule and undermines confidence in the hong kong dollar
這正是支持對港元的信心的貨幣規則。藉創造貨幣購買政府發行的債券即將財政赤字貨幣化有違貨幣規則,會動搖對港元的信心。The suggestions include : to further the exchange rate reform and change the rigidity of money supply caused by foreign exchanges, to improve the deposit reserve system and enhance the sensitivity of financial institutions to open market operations, to improve the issue of treasury securities and lay a solid foundation for open market operations, to try setting up the operation band of money market interest rate and to reform the deposit management of finance ministry
本文最後提出的政策建議包括:深化匯率制度改革,改變外匯占款剛性的情況;進一步改革存款準備金制度,增加金融機構對公開市場操作的靈敏度;完善國債發行,發展國債市場,為公開市場操作創造良好基礎;強化公開市場操作與再貸款、再貼現的配合,嘗試建立貨幣市場利率目標區間;加強財政部存款管理等。Money market in today ' s china has wide development scope and bright future, the performance of the funds also set good foundation for mmf, and the reform of interest rate by market helps it a lot. the mmf is now facing with great social demands
我國的貨幣市場具有廣闊的發展空間和良好的發展態勢,基金業的運行為貨幣市場基金創造了有利條件,利率市場化改革為其提供了必要的前提,同時貨幣市場基金具有非常廣泛的社會需求。分享友人