我们现在与那些,现如今运行时没有金子转换功能,的中央银行机构打交道。

We're left with the central banking institutions that are now functioning without convertibility to gold.

youdao

国际结算银行于1930年成立，成员45名，均为持有股权的中央银行机构。

The BIS, founded in 1930, is an international financial organisation with a membership of 45 shareholding central Banks.

youdao

因为中央银行会为其从机构投资者（如保险公司）购买的东西付款，购买中等规模的资产本身会增加广义货币供应，并且其影响可能会更大。

That in itself would raise the broad money supply as the central bank pays for its purchases from institutional investors such as insurance companies. And the impact might be much greater.

youdao

We're left with the central banking institutions that are now functioning without convertibility to gold.

我们现在与那些,现如今运行时没有金子转换功能,的中央银行机构打交道。

耶鲁公开课 - 金融市场课程节选

I mentioned earlier that we used to be on the gold standard and central banks were gold standard institutions that were trying to stabilize the economy but subject to the constraint that they had to maintain convertibility with gold but those central banks' role has changed a lot.

直至改变,我之前提到,我们过去是以金本位为基础的,并且中央银行也是以金本位为基础的机构,它们试图稳固经济,但是也在,保持金子的转换功能约束下。

耶鲁公开课 - 金融市场课程节选