The source of recessions turns out to be the alleged "protector" of the economy: the central bank itself.
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European central bank (ECB) have ruled out the only source of unlimited support: the central bank itself.
已经排除了使用唯一无限援助资源——欧洲央行本身——的可能。
Germany and the European central bank (ECB) have ruled out the only source of unlimited support: the central bank itself.
德国和欧洲央行(ecb)均已表示欧洲央行的无限注资是不可能的。
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.
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。
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