Endogenous financial theory claims that the supply of monetary base is not an exogenous variable controlled by central bank, but endogenously determined by economic system.

内生金融理论认为，中央银行基础货币的供给并非是由中央银行完全控制的外生变量，而主要是由经济体系内生决定的。

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However, the monetary base is a part of the money supply.

然而，货币基础仅是货币供应的一部分。

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Central Banks control the narrowest measure of the money supply, called the monetary base-typically, currency plus the reserves that commercial Banks hold with the central bank.

央行控制着控制着狭义货币供应量，这被称作基础货币——通常是流通货币加上商业银行和中央银行的贮备货币。

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Central banks control the narrowest measure of the money supply, called the monetary base typically, currency plus the reserves that commercial banks hold with the central bank.

ECONOMIST: Economics focus

They withdrew deposits from banks, which because of a fractional reserve system caused a drop in the money supply in spite of a rising monetary base.

WSJ: Arthur B. Laffer: Taxes, Depression, and Our Current Troubles

One can point to the antecedents of money supply growth increases in the monetary base as evidence that inflation will accelerate.

FORBES: Interest Rate Forecast 2012-2013