Stock and bond prices, homes, commercial real estate, paintings, and most everything else joined in the boom.
股票和债券价格,住宅和商业地产,名画等几乎一切都加入这场涨价潮。
2
In this case the central bank - by increasing excess reserves - would DE facto monetize commercial bank liabilities and thus increase the outstanding stock of money.
在这种情况下,央行通过增加超额准备金,实际上等于将商业银行的负债货币化,从而增加货币流通量。
3
But the need for capital led them either to abandon their partnership structure and raise money on the stock market or to join up with commercial Banks.