The two sides will continue their strong cooperation to strengthen the legitimacy and improve the effectiveness of the International Monetary Fund and Multilateral Development Banks (MDBs).

双方将继续强有力的合作以提高国际货币基金组织和多边开发银行的合法性和有效性。

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The effectiveness of interest rate policy is determined by the elasticity of monetary demand.

利率政策的有效性取决于货币需求的利率弹性。

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"Moreover,the insights provided by our role in supervising a range of banks, including community banks significantly increases our effectiveness in making monetary policy and fostering financial stability."

VOA: standard.2010.03.17

Banks' reluctance to lend as they strive to repair their overstretched balance-sheets is impairing the effectiveness of monetary policy.

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Yet the effectiveness of such monetary incentives to fight wrongdoing remains unclear.

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However, Mr. Draghi didn't announce any more such measures but reiterated that the unconventional measures already in place have served to improve the effectiveness of the ECB's monetary policy.

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