This paper tries to construct a simple framework based on monetary approach, which adding currency substitution as variable, and test it by relative data in China.
本文在货币分析法的基础上加入货币替代因素，建立了一个简单的分析框架，并运用我国的相关数据对此进行检验，证实货币替代确实对汇率产生了很大的影响。
In the short run, the monetary disequilibrium enters the VECM as an exogenous variable with significant negative effects, which confirms the theoretical prediction of the monetary approach again.
在短期，货币市场失衡作为外生变量显著地进入到VECM中，且其符号为负，这也证明了货币模型的结论。
Again, such a valuation approach converts abundle of disparate attributes into a monetary value.
我们再一次使用这种估价方法将一堆完全不同的零件转化成了货币价值。
Some people have discussed using actual monetary cost for this purpose, but that's an approach fraught with problems.
有人已经就这种方式的货币成本进行过讨论，但是这种方式还是问题重重。
In the last part of policy Suggestions, it develops a kind of creative approach to demonstrate how the Central Bank of China attains its monetary stock.
在最后的政策建议中用一种富有创见性的方法来说明央行如何达到货币存量目标。
In the last part of policy Suggestions, it develops a kind of creative approach to demonstrate how the Central Bank of China attains its monetary stock.
在最后的政策建议中用一种富有创见性的方法来说明央行如何达到货币存量目标。
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