Central Bank Bill

The increasing trend of foreign currency assets determines the continuance of Central Bank Bill as debt replacement instrument .

外汇资产的递增趋势决定了央行票据作为债务置换工具的可持续性。

The central bank bill is a short-term debt instrument issued by central bank which purposes to regulate the commercial banks ' excess reserves .

央行票据是中央银行为调节商业银行超额准备金向金融机构发行的短期债权债务凭证，其实质是中央银行债券。

An Empirical Study of the Policy Transmission Path of Sterilization Operation of Central Bank Bill in China

我国央行票据冲销操作政策传导路径的实证研究

The market is shocked because this happens just after the restart of3-year-term central bank bill .

然而，此举发生在央行宣布重启3年期央票之后，市场大呼意外。

Too much Central Bank Bill leads to some negative effect , the article concludes the problem about RMB 'S excess issue should be solved from the root .

针对央行票据过度膨胀带来的负面影响，文章认为，应该从根源上解决人民币超额发行问题。

Unlike the former view that the character of Central Bank Bill is bond issued by Central Bank , this paper afresh explains its character from debt replacement instrument .

与把央行票据性质定位为中央银行债券的传统角度不同，本文从债务置换工具的视角重新阐释了央行票据的性质。

Because of RMB 'S excess issue through " foreign currency assets-RMB " model in China , Central Bank Bill as a debt tool has been replacing the excess currency .

我国的“外汇资产&人民币”发行模式导致了货币的超额发行，央行票据是对中央银行超额发行债务的置换。

Based on the research of 4 representative finance innovations such as short-term financing bills , central bank bill , asset securitization , financing business , we can see financial innovation influence bank liquidity in two ways .

在此基础上，文章通过四个比较有代表性的金融创新：短期融资券、央行票据、资产证券化、理财业务，具体分析其对银行体系流动性的影响。

The central bank has also suspended bill sales in open-market operations in the run-up to the lunar new year , which is celebrated at the end of January , as another way of ensuring that there is enough cash in the financial system .

在农历新年（1月末）前，央行也已暂停公开市场操作中的央票发行，以确保金融系统中有充足的现金。