假设“货币乘数”——商业银行能够在它们准备金基础上扩张信贷的倍数,是10:1。
Suppose that the "money multiplier" -the multiple that commercial Banks can pyramid on top of reserves, is 10:1.
有多少钱会被存款或者其他不以货币计但是银行仍必须为其持有准备金的债务所吸收?
How much will be absorbed by deposits or other liabilities notdefined as money but against which banks might also have to hold reserves?
但是如果英国银行不能再降低利率,它仍然可以提高货币基础(即:现金和商业银行准备金),这是振兴经济的又一方法。
But if the bank of England can no longer lower interest rates, it can still raise the monetary base (cash and commercial-bank reserves), which gives it another way to boost the economy.
众所周知,银行采用部分准备金制度,这意味着银行家可以使用存款进行借贷活动,但是这些贷款却只有部分得到了真正货币储备的担保。
It is well known that Banks engage in fractional-reserve lending, meaning that bankers use their deposits in lending operations, with only a part of their loans covered by money reserves.
实际上,绝大部分银行对储蓄存款,定期大额储蓄存款和某几种类型的货币市场账户根本上就没有准备金。
In fact, most Banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts.
经济学家们预测,中国今年将再加息两至三次,同时将收紧贷款额度、上调银行存款准备金率并允许货币升值。
Economists expect that China will lift interest rates two or three more times this year as well as tightening loan quotas, raising bank reserve requirements, and permitting currency appreciation.
部分准备金制度扩大了货币供应,而直到凯恩斯和菲舍尔之前的时代,这一现象一直被称为通货膨胀。
Fractional reserves expand the money supply, which, until the age of Keynes and Fisher, was called inflation.
这增加了货币基数[注3](现金和商业银行准备金),但不一定会增加广泛货币供应量(现金和存款)。
That increases the monetary base (cash and commercial-bank reserves) but not necessarily the broad-money supply (cash and deposits).
在这种情况下,央行通过增加超额准备金,实际上等于将商业银行的负债货币化,从而增加货币流通量。
In this case the central bank - by increasing excess reserves - would DE facto monetize commercial bank liabilities and thus increase the outstanding stock of money.
所以,法定准备金率和银行的准备金额共同决定了货币创造的上限。 什么是银行准备金?
Thus, the legal reserve ratiotogether with the dollar amount of bank reserves are the factors that set theupper limit to money creation.
而且,银行准备金的增加并不一定伴随着基于规定的准备金与存款比例的理论潜力的货币的增加。
Moreover, a given increase in bank reserves is not necessarily accompanied byan expansion in money equal to the theoretical potential based on the requiredratio of reserves to deposits.
央行年内十次上调存款准备金率,也是我们货币从紧政策的一个体现了。
The reserve ratio is sometimes used as a tool in monetary policy, influencing the country's economy, borrowing, and interest rates.
当银行从其准备金中发放贷款时,货币供给增加了。
When a bank makes a loan from its reserves, the money supply increases.
因此,如果我们要研究准备金制度,我们必须深刻认识我国货币供应的机制。
Therefore, if we want to study reserve requirement system, we must have a profound understanding of China's money supply mechanism.
提高准备金率是准备金制度的具体体现,中国人民银行的目的是通过这一手段规范我国货币供应量。
Raising required reserve ratio is concrete manifestation of reserve requirement system, and the People's Bank of China aims at regulating China's money supply through this vehicle.
一方面,银行存款和贷款利率,存款准备金率不断下降,增加货币供应量,以刺激经济越来越清晰的政策意图。
On the one hand, bank deposit and lending rates, bank reserve ratio has continuously dropped, increasing money supply to stimulate the economy more and more clear policy intent.
它是通过改变银行体系的准备金总量而控制基础货币投放、以调节微观经济主体头寸余缺而影响整个社会货币供应量的。
The central bank adjusts the banking system's level of reserve fund, controls the issuance of currency and influences currency supply and economic operation through open market operation.
通过把存款准备金率降低半个百分点,央行正部分地在寻求平衡自己做出的支持货币的行动。
By lowering the reserve requirement ratio, or R. R. R. , by half a percentage point, the central bank is partly seeking to offset its own actions in support of the currency.
存款准备金制度具有调整信贷结构、调控货币供应量、保证金融机构的储备流动性等重要作用。
Deposit preparing money system plays an important part in adjusting credit structure, regulating currency supplies, ensuring storage mobility of finance institution.
货币创造乘数是准备金率的倒数。
经济学家们期望每个季度准备金率都会以这个相同的数量增长,这样就可以补偿银行系统和百亿出口盈余的大量积累下来的货币数量。
Economists expect similar reserve increases once every quarter this year to compensate for the swelling amount of money in the banking system amid multibillion-dollar export surpluses.
货币乘数是银行系统相对于每1美元的准备金所创造的货币数量。
The money multiplier is the amount of money the banking system generates with each dollar of reserves.
货币乘数是银行系统相对于每1美元的准备金所创造的货币数量。
The money multiplier is the amount of money the banking system generates with each dollar of reserves.
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