通过一点儿调整，这些货币就变成了货币基础，被当做第二阶段中银行系统使用的特殊货币。
With a few adjustments, this becomes the monetary base, which can be thought of as the special money that is available to the banking system for the second step.
只是脱离欧元就会导致经济不景气的国家中银行竞赛，因为储户会争先恐后把存款移至国外，以避免被迫转换货币。
The mere prospect of euro break-up could cause bank runs in weak economies as depositors scrambled to move savings abroad to avoid forced conversion.
因此，货币基础中银行体系结算余额的部分，最初并不受货币发行局制度约束。
Thus that part of the monetary base represented by the clearing balance of the banking system was initially not subject to the discipline imposed by a currency board system.
因此，货币基础中银行体系结算余额的部分，最初并不受货币发行局制度约束。
Thus that part of the monetary base represented by the clearing balance of the banking system was initially not subject to the discipline imposed by a currency board system.
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