第三、谁来发行基础货币？
央行印刷更多的基础货币，降低资产质量。
Central Banks are producing more base money and reducing the quality of their assets.
货币供给由基础货币和货币乘数决定。
Money supply is decided by base money and monetary multiplier.
第二部分是关于基础货币运行机制的分析。
Part 2 of the dissertation is about the operation mechanism of base money.
我有一个线上购物1.7存储基础货币美元。
要保持汇率稳定，央行就不得不动用基础货币来干预外汇。
To maintain the exchange rate stability, the central bank would have to use base money to intervene in the foreign exchange.
除非另有约定，否则保证金一律以基础货币支付。
Unless otherwise agreed, Margin will be held in the Base Currency.
本文主要研究了国际收支失衡对基础货币的影响。
This article is studying on the influence of the unbalance of Chinas BOP (Balanceof Payment) to the basic money.
但汇率和经济增长的变化对基础货币不构成影响。
However, the exchange rates and economic growth will not affect the Chinese base currency.
货币供给量由两个因素决定，即货币乘数和基础货币。
As we know, money supply lies on monetary multiplier and base money.
未来几周，基础货币供应量的增长速度将提高15%- 20%。
In coming weeks, base money supply growth is set to accelerate by as much as 15-20%.
如果广泛货币与基础货币比率是常数的话，这种担心不无道理。
If the ratio of broad to base money were constant, such fears would be warranted.
因为制度性原因，央行不得不以基础货币来维持汇率稳定，于是通胀就无法避免。
Out of institutional reasons, the central bank has to utilize base money to keep exchange rate stability and inflation, therefore, is inevitable.
由此导致基础货币大量投放，造成流动性泛滥，形成升值压力的货币化。
The resulting large number of base money injected, resulting in rampant liquidity, appreciation pressure on the currency of the formation.
外汇储备积累导致的基础货币上升，都被它们通过发放钞票和债券抹煞了。
They have issued bills and bonds to mop up any rise in base money that would have occurred from the accumulation of foreign reserves.
1997年至2003年，日本的基础货币增长了85%，与此同时，通货却持续紧缩。
Japan's monetary base rose 85 percent between 1997 and 2003; deflation continued apace.
联储随为基础货币(货币加银行储备)注水，但用于作为QE支撑的广义指标增速却不高。
The Fed pumped up the monetary base (currency plus bank reserves), but broader measures are growing slowly.
从基础货币和货币乘数两个方面系统地论证了我国货币供给内生性的影响因素。
Systematic appraisal of the impact of China's monetary supply of natural disposition factors was from the two sides in the basis money and monetary multiplier.
交易商预测本国央行将买进本币兑受困的日元，从而全面提振与日元相关的基础货币。
The markets saw cross yen buying lift the base currencies linked to the yen as traders anticipated central bank buying of home currencies against the beleaguered Japanese unit.
贸易顺差的居高不下，出口过快增长而引起顺差过大，导致基础货币供给大量被动增加；
The trade surplus being too great is caused by rapidness of export, that induced the base money being added.
接着我们使用中央银行的简化资产负债表来解释外汇储备与基础货币之间的内在运行机制。
Then we use the central bank's simplified balance sheet to explain the intrinsic function mechanism between foreign exchange reserve and the base money.
在第二个级别的银行系统，基础货币通过货币系数的而发生效用。总货币供应量可以表示为。
Under the second-level bank system, base money act through money multiplier. Total money supply can be expressed as.
所有这一切似乎都表明Facebook期待将其最大的资产——强大的4亿用户基础货币化。
And all of it seems to point to Facebook looking to monetize its biggest asset - its 400 million strong user base.
尽管八月的通胀率被控制在0.2%，瑞士的基础货币达到GDP的50%(美国只到GDP的18%)。
The Swiss monetary base is almost 50% of GDP (the equivalent figure for America is 18%), although inflation remains subdued at 0.2% in August.
基础货币方面无论怎么再增加都会要么被银行金库吸纳，要么被个人或企业以现金方式所持有，而不会被花出去。
Any further increases in the monetary base will either be held in bank vaults or held as cash by individuals and firms, without being spent.
央行控制着控制着狭义货币供应量，这被称作基础货币——通常是流通货币加上商业银行和中央银行的贮备货币。
Central Banks control the narrowest measure of the money supply, called the monetary base-typically, currency plus the reserves that commercial Banks hold with the central bank.
央行控制着控制着狭义货币供应量，这被称作基础货币——通常是流通货币加上商业银行和中央银行的贮备货币。
Central Banks control the narrowest measure of the money supply, called the monetary base-typically, currency plus the reserves that commercial Banks hold with the central bank.
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