中央银行债券作为一种特殊的金融债券
与把央行票据性质定位为中央银行债券的传统角度不同,本文从债务置换工具的视角重新阐释了央行票据的性质。
Unlike the former view that the character of Central Bank Bill is bond issued by Central Bank, this paper afresh explains its character from debt replacement instrument.
The thought was that the central bank is guarding the money stock and governments have a tendency to sometimes want to raid the bank when they're in trouble.
观点是,中央银行在保护金融债券,而政府当看到,银行陷入困境时,有查抄这家银行的倾向。
Well what it means is that starting in the 1930s we began to think of central banks as managing the money stock to stabilize the economy.
好吧,它意味着从二十世纪三十年代开始,我们就认为中央银行是,为了稳定经济而,管理金融债券的。
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