货币扩张的杠杆已经被使用的过于频繁。
The lever of expansionary money has been pulled once too often.
货币扩张与通胀之间存在直接的传导路径。
There was a direct path between monetary expansion and inflation.
为了阻止这种发展趋势，美联储计划新一轮货币扩张政策。
To counter this tendency, the Fed plans a new round of monetary expansion.
为了阻止这种发展趋势，美联储计划新一轮货币扩张政策。
To counter this tendency, the Fed plans a new round of monetary expansion. The main conclusions that I reach are.
在需求侧，债务积累引发逆风，导致更多货币扩张和更多债务。
On the demand side, accumulating debt creates headwinds, leading to more monetary expansion and more debt.
这个故事蕴含的深刻道理就是货币扩张并不是经济持续繁荣之路。
The moral of the story is that monetary inflation is not a way to sustainably generate economic prosperity.
财政紧缩政策会剥夺政策制定者应对大规模通货紧缩的一剂猛药：并行的财政货币扩张政策。
Fiscal austerity robs policymakers of a potent antidote to a deflationary slump: simultaneous fiscal and monetary expansion.
如果其他国家也以货币扩张来应对，我认为这不会刺激到包括美联储在内的决策者。
If other countries respond with monetary expansions of their own, I do not think that would irritate policy makers within the U. S. Federal Reserve.
只要市场认为美联储的货币扩张行为是有限的，即美联储不可能无限制地印美元，那么，市场就可以对美元重新定价。
As long as the market think that the Fed's monetary expansion is bound by its announcement, i.e., the dilution of the dollar is limited, market can price in the new value of the dollar.
英格兰银行已经开始了一项针对信用状况的调查并且正在研究如何分辨货币扩张的原因，即是由供给引起的还是由需求引起的。
The Bank of England has started a survey to monitor credit conditions and is researching how to tease out. whether monetary expansion is stemming from changes in supply or demand.
QE2的下行风险是恶化了因旨在避免美联储巨额货币扩张而带来的经济膨胀性严重后果的退出策略的问题，美联储对管理退出策略的能力过度自信。
The downside of QE2 is that it intensifies the problems of an exit strategy aimed at avoiding the inflationary consequences of the Fed’s vast monetary expansion.
因为低风险资产需求增加，货币数量的急剧扩张仍然不会产生通货膨胀。
Because of this rise in demand, the dramatic expansion of the quantity of "money" has not yet been inflationary.
国际货币债券可以通过美元储备扩张。
The global money stock could expand through dollar reserves.
当这份资产负债表扩张时，货币数量也会增加。
When it expands, so too does the amount of money sloshing around.
相反，如果货币供应没有扩张，那些相同的资产价格不可能上涨。(完整阐释请看该文)。
Otherwise, if the money supply were not expanding, those same asset prices could not rise in price (see this article for a full explanation).
行长今天在给财政大臣的信中写道，要按实际需要“准备好扩张或者控制货币刺激”，这也让财政大臣奥斯伯尼乐意接受银行的“灵活”政策。
He wrote in his letter today that policy-makers "stand ready to expand or to reduce the extent of monetary stimulus" as needed, prompting Mr Osborne to reply that he welcomes the bank's "flexibility."
我们也必须平衡预算并发誓决不再扩张货币供应量。
We also must balance the budget and pledge never again to expandthe money supply.
唯一可以阻止通胀的就是货币供应不再扩张。
The only thing that will stop inflation is ceasing to expand the money supply.
假设“货币乘数”——商业银行能够在它们准备金基础上扩张信贷的倍数，是10：1。
Suppose that the "money multiplier" -the multiple that commercial Banks can pyramid on top of reserves, is 10:1.
最近股票，债券和货币市场的低变动性正好和对冲基金的大幅扩张同时出现，但，这决不是巧合。
It is surely no coincidence that the recent low volatility of equity, bond and currency markets has coincided with hedge funds' explosive growth.
信用扩张创造的新增货币被用来购买生产要素，并部署到远离消费的资本品工业中。
The money created through credit expansions is used by entrepreneurs to demand factors of production, which they employ mainly in capital-goods industries more distant from consumption.
但是这些公司的包括分行的扩张，存贷比率，当地货币业务在内等，所有的这些业务都要受到限制。
But all of these firms are subject to restrictions on their branch expansion, loan-to-deposit ratios and local-currency business.
近年货币分析之所以重新流行，原因是许多迹象表明，本世纪初以来全球央行避免经济衰退的努力，是在允许经济过度扩张。
Monetary analysis has recently made a comeback because of many signs that, in their efforts to avert recession early this century, central Banks permitted an excessive expansion.
这样，新货币-或者应该说新的“虚拟”货币，因为它只实现在银行账本上的条目栏里，在这个人为的信用扩张过程中，被持续地创造出来。
So new money, or I should say new "virtual money" because it only "materializes" in bank-accounting-book entries, is constantly created through this process of artificial credit expansion.
否则就会像前面所述，如果两国间的货币是自由浮动的，如果一国扩张其货币供给量，该国货币价格相对于另一国家就会下降。
Otherwise, as explained above, if the currencies of two different countries are freely floating, as one country expands its money supply, its currency will fall in price against its paired currency.
否则就会像前面所述，如果两国间的货币是自由浮动的，如果一国扩张其货币供给量，该国货币价格相对于另一国家就会下降。
Otherwise, as explained above, if the currencies of two different countries are freely floating, as one country expands its money supply, its currency will fall in price against its paired currency.
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