On the contrary, the capital flow has an expanding effect on the domestic money supply, 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。
In other words, a central bank trying to prop up its currency must allow its sales of foreign exchange to reduce the domestic money supply.
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。
This dissertation doesn't simply put current account and capital account together in analyzing the influences of international payments on the domestic money supply.
在分析国际收支对国内货币供给的影响问题，不能将经常项目、资本和金融项目简单相加。
The remaining output gap, the slow recovery in domestic demand, and the previously depressed money supply remain the main factors keeping inflation in check.
产量尚存缺口、国内需求复苏缓慢、以前萧条的货币供应等，仍是使通胀水平得到控制的主要因素。
So the monetary authority don't make use of exchange rate as a means to adjust the balance of payments and also unable to use interest and money supply to cope with domestic macroeconomic problems.
这决定了货币当局不能用汇率杠杆调节国际收支，也不能用利率、货币供给杠杆调节国内宏观经济。
So the monetary authority don't make use of exchange rate as a means to adjust the balance of payments and also unable to use interest and money supply to cope with domestic macroeconomic problems.
这决定了货币当局不能用汇率杠杆调节国际收支，也不能用利率、货币供给杠杆调节国内宏观经济。
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