货币局

它加强了支持盯住美元的货币局（currencyboard）制度，增加了银行体系的流动性，严格了股市规则。

It beefed up the currency board backing the peg to the US dollar , increased liquidity in the banking system and tightened stock market rules .

本文所研究的货币局制度是IMF所定义的8种汇率制度之一。

The Currency Board Arrangement ( CBA ) that the thesis studies is one of the eight categories of exchange rate systems that IMF defines .

沙特阿拉伯货币局（SAMA）局长法赫德穆巴拉克（Fahadal-Mubarak）在7月表示，利雅得方面已经以地方债形式发行了第一笔40亿美元债券，这是自2007年以来沙特政府首次发行主权债券。

Fahad al-Mubarak , the governor of the Saudi Arabian Monetary Agency ( Sama ) , said in July that Riyadh had already issued its first $ 4bn in local bonds , the first sovereign issuance since 2007 .

货币局制度：阿根廷危机的根源

Currency Board Agreements : the Cause of Crisis in Argentina

澳新银行表示，它有信心香港将保持货币局制度。

ANZ said it remained confident that the system would stay in place .

货币局制度及其基本运行特征

On the Currency Board Institution and the Fundamental Characteristics of its Operation Mechanism

当代货币局制度的运行特征分析

On the Characteristics of Contemporary Monetary Authority System

货币局制度货币风险与市场预期&兼谈香港的实践

Currency Risk and Market Expectation under Currency Board System & A Discussion of Hong Kong 's Experience

沙特货币局拥有6720亿美元的外汇储备，低于去年8月时7370亿美元的峰值。

Sama has $ 672bn in foreign reserves , down from a peak of $ 737bn last August .

本文用利率升水和期限升水来衡量货币局制度下的货币风险。

This paper uses interest rate premium and term premium to measure currency risk under currency board system .

接着还有：一些人似乎认为我们加入了一个货币局，但意大利不是拉脱维亚。

Then : Some people seem to think we have joined a currency board , but Italy is not Latvia .

从目前各国汇率制度安排的现状来看，重两极，轻中间现象十分明显，货币局制度作为两极中的一个重要组成部分，在整个国际汇率制度发展过程中具有重要作用。

As an essential part of fixed exchange rate system , CBA plays an important role in the history of the international exchange rate system .

因此，政府可以采取措施，改变政府的损失函数，更好地坚持货币局制度。

The currency board system is a confident system , so government can take measures to charge the loss function and stick to currency board system better .

本文认为，相比于其国内的其他政治、经济和社会政策，将危机归咎于货币局体制是不负责任的。

My view is : compared with other domestic political , economic and social policies , the opinion that views currency-boards system as the root of crisis is irresponsible .

香港的联系汇率制于1983年10月17日正式建立。作为货币局制度的一种变体，香港的联系汇率制是一种极端的固定汇率制度。

Hong Kong has formally established the linked exchange rate regime on October 17 , 1983 . As a variant of currency board arrangements , the regime is a strong form of fixed exchange rate system .

委员会留意到货币发行局制度一直有效运作。

Members observed that the currency board arrangements were working effectively .

本港的联系汇率制度是一种货币发行局制度。

Hong Kong 's Linked Exchange Rate system is a Currency Board system .

因此，香港并无偏离货币发行局制度的规律。

There is therefore no departure from the discipline of currency board arrangements .

货币发行局是一个好的选择吗？

Was the currency board a good option ?

香港所奉行的货币发行局制度是属于后者。

Hong kong , operating a currency board system , falls in the latter category .

货币发行局制度的宏观经济效应&以中国香港和阿根廷为分析个案

Macroeconomic Effect of Currency Board System

再者，作为维持固定汇率的机制，货币发行局制度本身是最稳健的安排。

Moreover , the mechanism for maintaining that fixed exchange Rate-through currency board arrangements-is most robust .

这项对货币发行局制度的结构性改革，是史无前例的。

This structural change to the currency board arrangements has no precedent anywhere in the world .

这些措施的设计已尽可能与货币发行局运作原则保持一致。

These facilities were structured in such a way as to maximise consistency with currency board discipline .

东加勒比货币管理局

East Caribbean Currency Authority

在稳健而规范化的货币发行局制度下，货币基础数额一直保持稳定。

The size of the monetary base has remained stable under our robust and rule-based currency board system .

编制货币发行局帐目时，所有金融资产和负债均会按市价计值。

In preparing the currency board accounts , all financial assets and liabilities would be marked to market .

现代货币发行局制度的结构应该是怎样的一个课题，是没有先例可援的。

No precedents were available to show us how a modern day currency board system should be structured .

在此情况下，向银行体系提供流动资金的责任便落在货币发行局身上。

This puts the responsibility for the provision of liquidity to the banking system squarely on the currency board .

反之，每当有人从货币发行局购入外币（即资金流出港元），货币基础便会收缩。

It contracts when the foreign currency is bought from the currency board ( outflow from Hong Kong dollars ) .