百度作业网关于金融英语的一个问题
来源：学生作业帮 编辑：百度作业网作业帮 分类：英语作业 时间：2024/06/30 20:29:40
关于金融英语的一个问题
The scale of the reserve accumulation demonstrates the obvious: these countries have refused to adopt the freely floating exchange rates many outside economists recommended. They have, instead, chosen to keep their exchange rates down. This, in turn, has generated current account surpluses. Sustaining such surpluses requires a stable excess of savings over domestic investment. One instrument they have used has been sterilisation of the monetary consequences of reserve accumulations, to prevent the normal expansion of money and credit, overheating, inflation and so loss of external competitiveness.
问题：sterilisation of the monetary consequences of reserve accumulations 具体指的是什么,我看网上有这么翻译的：““冲销”外汇储备累积对本国货币供应的影响”,看了之后还是不理解,有金融方面知识的朋友帮忙解释一下,多谢
The scale of the reserve accumulation demonstrates the obvious: these countries have refused to adopt the freely floating exchange rates many outside economists recommended. They have, instead, chosen to keep their exchange rates down. This, in turn, has generated current account surpluses. Sustaining such surpluses requires a stable excess of savings over domestic investment. One instrument they have used has been sterilisation of the monetary consequences of reserve accumulations, to prevent the normal expansion of money and credit, overheating, inflation and so loss of external competitiveness.
问题：sterilisation of the monetary consequences of reserve accumulations 具体指的是什么,我看网上有这么翻译的：““冲销”外汇储备累积对本国货币供应的影响”,看了之后还是不理解,有金融方面知识的朋友帮忙解释一下,多谢
这段话的意思是“外汇储备的规模表明了一个显而易见的事实：这些国家拒绝实行许多外国经济学家建议的自由浮动汇率制度.它们反而选择压低本国汇率.这继而导致了经常账户盈余.保持这种盈余需要本国储蓄持续高于国内投资.这些国家采用的手段就是‘冲销’外汇储备累积对本国货币供应的影响,以防货币和信贷的正常扩张、经济过热、通胀以及外部竞争力丧失.”
为保证汇率稳定（不肯使用自由浮动制度）,在外汇积累增加时,通常要干预一国货币在外汇市场上的汇率（中央银行在外汇市场的干预,如卖出本币买入美元）,这就不可避免地会对本国的基础货币和货币供给总量产生影（也就是使得流通中的人民币增加了）.
这时,中央银行会采取一些冲销措施,如发行央行票据、提高准备金率和银行贷款配额等,来部分或全部抵消外汇市场干预对国内货币供给的影响（这些动作的目的都是吸收国内市场上过多的人民币）,这就是冲销外汇积累对本国货币供应的影响.
希望对你有帮助.
为保证汇率稳定（不肯使用自由浮动制度）,在外汇积累增加时,通常要干预一国货币在外汇市场上的汇率（中央银行在外汇市场的干预,如卖出本币买入美元）,这就不可避免地会对本国的基础货币和货币供给总量产生影（也就是使得流通中的人民币增加了）.
这时,中央银行会采取一些冲销措施,如发行央行票据、提高准备金率和银行贷款配额等,来部分或全部抵消外汇市场干预对国内货币供给的影响（这些动作的目的都是吸收国内市场上过多的人民币）,这就是冲销外汇积累对本国货币供应的影响.
希望对你有帮助.