policy conduction mechanism 政策传导机制
There have many conflicts with the policy of deflation administration. So it is vital now to define the conduction of deflation.
各国对通货紧缩的治理也存在着政策上的冲突，要实现对通货紧缩的有效治理，必须明确通货紧缩的传导机制。
But in the process of the real conduction, the risk of it is still ubiquitous, especially on security caused by policy, market, bank, mortgage and so on.
在实际运作中其风险仍无处不在，尤其是在“安全性”上存在着政策、市场、银行、抵押物等风险。
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