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.
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.
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。