Macroeconomic Effect of Currency Board System;
货币发行局制度的宏观经济效应——以中国香港和阿根廷为分析个案
Taking into consideration the economic development trend in China, the author probes into the relationship between monetary issuance and inflation.
结合我国目前经济发展趋势,分析了货币发行和通货膨胀的关系。
Inorder to increase quality and speed of currency logistics,motivate the development of currency logistics,study and program the work of modern logistics management toimpelcurrency issue,elaborate on a topic of how to exploit modern logistics idea to increase logistics management of central bank grass-roots unit,inorder to serve socialist market economy and affluent society.
为提高货币物流的质量和效率,促进现代货币物流产业的迅速发展,应以现代物流管理的宽广视野和全新理念来研究推动货币发行的现代物流管理工作。
Without causing overissue of currency
不会导致货币过量发行
Unstable Money Velocity Must Induce the Inefficacy of Money Aggregate Being Used as Intermediate Target;
不稳定的货币流通速度必然导致货币量中介目标无效吗?
The appearance of an electronic currency system implies the emergence of "virtual banks" and "virtual enterprises".
电子货币系统的出现必然又 会反过来导致“虚拟银行”和“虚拟企业”的出现。
wildcat currency.
不可靠银行发行的货币
A flood of currency issued each year.
每年发行大量货币。
--Total volume of currency to be issued should be 150 billion yuan;
——货币发行量1500亿元；
But the large amounts of dollars it was forced to buy were fuelling excessive growth in the money supply and hence inflation.
但是央行不得不大量买入的美元不断涌进，造成货币供应的过分增长，而发生通货膨胀。
However, because the readjustment was not carried out efficiently in the last two years, large financial deficits have accrued, too much currency has been issued and prices have steadily risen.
由于过去两年执行调整方针不得力，这就造成财政大量赤字，货币发行过多，物价继续上涨。
But he did believe it should control the money supply to fight inflation.
但是他确实相信政府可以通过控制货币发行量来抑制通货膨胀。
Because large sum of metal money is heave and inconvenient to handle, government issue paper money.
因为大量金属货币使用起来笨重不方便，政府便发行了纸币。
The value of Brazil's money has dropped sharply.
导致巴西货币大幅贬值。
However, because of the currency board system we operate, interest rates will be pushed up automatically if the Hong Kong Dollar comes under attack.
不过，正因为我们奉行货币发行局制度，港元一旦受到冲击，利率便会自动攀升。
Correspondent Dan Cordtz once completed a script explaining that government deficits and increasing money supply caused inflation.
有一次记者丹?科茨写好一篇稿子，说明政府的财政赤字和日益增加的货币发行量导致了通货膨胀。
Correspondant Dan Cordtz once completed a script explaining that government deficits and increasing money supply caused inflation.
有一次记者丹·科茨写好一篇稿子，说明政府的财政赤字和日益增加的货币发行量导致了通货膨胀。
A less jerky monetary policy makes for greater stability.
波动较小的货币政策会导致更稳定的经济。
Yet ours have not been banks in the true sense of the word; they have only issued currency and held reserves.
我们过去的银行是货币发行公司，是金库，不是真正的银行。
The result of the explosion in the money supply was that the price level blasted off, leading to an inflation rate for 1923 that exceeded 1000000%.
货币激增的结果是价格暴涨，导致1923年的通货膨胀率超过1000000%。
Too much sebum results in greasy hair and conversely, too little sebum makes dry hair.
油脂含量过多会导致油性发质，相反，油脂含量过少则会导致干性发质。
