Domestic conditions did not justify a loosening of monetary policy.
国内的条件不适宜放宽货币政策。
There were, however, a number of crucial flaws in his monetary theory.
然而，他的货币理论中有很多关键性的欠缺。
Because as you can imagine, in-depth research often requires monetary support.
因为，正如您可以想象的那样，深入的研究通常需要资金支持。
以货币制度为例。
It is the global monetary policies.
这是全球金融政策。
First, we must control monetary liquidity.
第一，还是要控制货币的流动性。
Easing monetary policy was pretty popular.
放松货币的政策一度非常流行。
But in a monetary union that is impossible.
可是在一个货币同盟中，这是不可能的。
But in a monetary union, that is impossible.
但在一个货币联盟之内，这是不可能的。
And third, who will issue the monetary base?
第三、谁来发行基础货币？
B: Is every country's monetary unit different?
B：每一国家的货币单位是否不一样？
The monetary cost is also potentially lower.
资金成本较低同样也是一个潜在优势。
And DE jure, we have done more on the monetary side.
法律上，我们也在货币方面做了更多工作。
As a result, there is a clear need for monetary stimulus.
结果，对于货币刺激的需求是清晰可见的。
However, the monetary base is a part of the money supply.
然而，货币基础仅是货币供应的一部分。
These economies' domestic monetary conditions are also loose.
这些国家的国内货币状况也很宽松。
Certainly, on the monetary side, Mr Friedman remains a giant.
当然，在货币领域，弗里德曼仍然是一个巨人。
Here's a simple monetary (and therefore quantifiable) example.
这是一个简单的关于金钱的例子，因此是可计量的。
For four of the eight the euro is already their monetary anchor.
八个国家之中已有四个的货币盯住欧元。
Their problem is a basic flaw in the design of the monetary union.
他们(欧洲)的问题是货币联盟设计的基本缺陷。
The main barometer for monetary creation is the Fed's balance sheet.
货币创造行为的主要晴雨表是美联储的资产负债表。
Will the international monetary system be anything like that of today?
国际货币体系是否还像今天一样？
But if everyone does it, the world can gain from the extra monetary boost.
但如果各国都在使用，世界可能会从额外的货币刺激中获益。
Inflation is always and everywhere a social phenomenon, not a monetary one.
通货膨胀时时处处皆是一种社会现象，并非是单纯的货币现象。
The monetary fund has not acquired similar powers to the trade organization.
国际货币基金组织并未获得类似的权力。
None of this seemed to matter during the first few years of the monetary union.
在这个货币联盟成立的前几年里，这些看起来都不是大问题。
None of this seemed to matter during the first few years of the monetary union.
在这个货币联盟成立的前几年里，这些看起来都不是大问题。
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