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。

耶鲁公开课 - 金融市场课程节选

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。

耶鲁公开课 - 金融市场课程节选