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.
货币需求通过直接和间接方式对股票市场产生影响,而股票市场通过财富效应、交易效应、资产组合效应和替代效应的共同作用对货币需求产生影响。
Namely, including the direct demand in money, the stock market exerts influences on the money demand by the combined roles of effects of wealth, exchange, asset integration and substitution.
尽管经济和货币联盟已成立了三年,在写本文的时候,印花税票的调整、 需求方面的差异都在抑制泛欧洲资产管理市场。
Regulatory , fiscal and demand-side differences are at the time of writing holding back a Pan European asset management market, despite three years of EMU.
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