当然中央银行也可以出售国债以“清除”巨额外汇储备的影响，解决流动性过剩。
The central bank can try to "sterilise" the impact of bigger reserves by selling securities to mop up the excess liquidity.
Roubini先生相信亚洲各国央行所谓“清除不良影响”的手段和余地是相当有限的，外汇储备的每一点增长就意味着更加过剩的流动性。
Mr Roubini believes that the room for sterilisation by Asian central Banks is severely limited and so rising reserves mean even greater excess liquidity.
要素集聚、人民币升值预期、外贸政策和汇率制度导向等是我国外汇储备过剩的深层次因素。
The main factor collection, the renminbi appreciation expectation, the foreign trade policy and foreign exchange system, etc. are the sources for China's foreign exchange reserve excess.
外汇储备过剩不仅直接带来了成本，而且也将引发通胀以及信贷和资产市场过热。
Excessive reserve accumulation is not only directly costly, but it can also contribute to inflation and overheating credit and asset markets.
外汇储备过剩不仅直接带来了成本，而且也将引发通胀以及信贷和资产市场过热。
Excessive reserve accumulation is not only directly costly, but it can also contribute to inflation and overheating credit and asset markets.
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