monetary and credit crisis 中文意思是什麼

monetary and credit crisis 解釋
貨幣信用危機
  • monetary : adj 貨幣的;金錢的;金融的;財政(上)的。 the monetary system 貨幣制度。 a monetary unit 貨幣單...
  • and : n. 1. 附加條件。2. 〈常 pl. 〉附加細節。
  • credit : n 1 信用,信任。2 名譽,名望,聲望。3 贊揚,稱許;光榮,功勞,勛績,榮譽。4 信貸;賒銷;貸款;存...
  • crisis : n. 1. 危急關頭,緊要關頭;(政治、經濟上的)危機,危局;恐慌;激變。2. 【醫學】轉變期,驟退;臨界;危象。3. 【劇、影】危急情節,轉折點。
  1. Much of recent literature on emerging markets crisis highlights the limited financial development of these economies and the severe credit squeeze experienced by local firms during crises. from this structure, two opposing arguments are commonly made regarding optimal monetary policy. extrapolating from developed economy credit channel analysis, some advocate an expansionary monetary policy to offset the effect of the credit squeeze during downturns

    本文通過引入caballero和krishnamurthy2004年發展起來的「信用渠道和保險動機模型」來分析貨幣危機中貨幣政策抵補外部資本緊縮的機制,從而回答上述問題,並對新興市場國家採取正確的貨幣政策防範貨幣危機提出政策建議,最後總結治理貨幣危機的經驗。
  2. In the new paper i recently wrote on asian learning the wrong lessons from its 1997 - 98 crisis i argued that policies of fixed exchange rates in china and other asian countries are leading to excessive forex reserve accumulation that, being only partially sterilized, leads to excessive monetary and credit creation that, in turn, causes dangerous investment bubbles and asset price bubbles

    在這篇文章中我談到亞洲開始從97 - 98的金融風暴中學到教訓,並且我認為固定匯率制才是中國及其亞洲鄰邦的超額外匯儲備之首要原因:盡管屏蔽了小部分影響,固定匯率還是使得她們國內市場流通貨幣量與信貸過多,這又造成了投資泡沫和資產價格泡沫的隱患。
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