Under the background of pegged exchange rate and imperfect sterilized intervention, the significant accumulation of China's foreign exchange reserves have further enhanced the endogenous money supply.
在盯住汇率制度和外汇冲销干预手段不完善的背景下，中国外汇储备的大量积累进一步增强了货币供给的内生性。
Under the background of pegged exchange rate and imperfect sterilized intervention, the significant accumulation of China's foreign exchange reserves have further enhanced the endogenous money supply.
在盯住汇率制度和外汇冲销干预手段不完善的背景下，中国外汇储备的大量积累进一步增强了货币供给的内生性。
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