On the contrary, the capital flow has an expanding effect on the domesticmoneysupply, which increase the price level.
相反,资本流入对国内货币供应量有扩张效应,使价格总水平上升。
2
In other words, a central bank trying to prop up its currency must allow its sales of foreign exchange to reduce the domesticmoneysupply.
换一句话说,央行要如果要支持它的汇率,必须容许出售外汇以降低国内的货币供应。
3
This dissertation doesn't simply put current account and capital account together in analyzing the influences of international payments on the domesticmoneysupply.