{"id":6259,"date":"2019-12-12T11:37:14","date_gmt":"2019-12-12T03:37:14","guid":{"rendered":"http:\/\/cn.dailyeconomic.com\/finance\/?p=6259"},"modified":"2019-12-12T11:37:14","modified_gmt":"2019-12-12T03:37:14","slug":"%e9%b2%8d%e5%a8%81%e5%b0%94%ef%bc%9a%e7%be%8e%e8%81%94%e5%82%a8%e8%b5%84%e4%ba%a7%e8%b4%ad%e4%b9%b0%e6%94%bf%e7%ad%96%e6%88%96%e6%9c%89%e5%8f%98","status":"publish","type":"post","link":"https:\/\/cn.dailyeconomic.com\/finance\/2019\/12\/12\/6259.html","title":{"rendered":"\u9c8d\u5a01\u5c14\uff1a\u7f8e\u8054\u50a8\u8d44\u4ea7\u8d2d\u4e70\u653f\u7b56\u6216\u6709\u53d8"},"content":{"rendered":"

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\u745e\u58eb\u4fe1\u8d37(Credit Suisse)\u672c\u5468\u53d1\u5e03\u7684\u4e00\u4efd\u62a5\u544a\u79f0\uff0c\u77ed\u671f\u5e02\u573a\u7684\u9ebb\u70e6\u6b63\u5728\u915d\u917f\uff0c\u8fd9\u5c06\u4fc3\u4f7f\u7f8e\u8054\u50a8\u5f00\u59cb\u8d2d\u4e70\u8f83\u957f\u671f\u8bc1\u5238\u3002\u5728\u53c2\u8003\u7f8e\u8054\u50a8\u4ee5\u5f80\u7684\u8d44\u4ea7\u8d2d\u4e70\u523a\u6fc0\u4e3e\u63aa\u540e\uff0c\u745e\u58eb\u4fe1\u8d37\u5206\u6790\u5e08Zoltan Pozsar\u9884\u671f\u4e2d\u7684\u8d44\u4ea7\u8d2d\u4e70\u884c\u52a8\u79f0\u4e3a\u201cQE4\u201d\uff0c\u4e5f\u5c31\u662f\u7b2c\u56db\u6b21\u91cf\u5316\u5bbd\u677e\u3002<\/p>\n

\u9c8d\u5a01\u5c14\u6ca1\u6709\u8bf4\u8d27\u5e01\u5e02\u573a\u7684\u6469\u64e6\u662f\u5426\u662f\u4e00\u4e2a\u66f4\u6df1\u5c42\u6b21\u7684\u95ee\u9898\uff0c\u9700\u8981\u66f4\u5e7f\u6cdb\u7684\u89e3\u51b3\u65b9\u6848\u3002\u7f8e\u8054\u50a8\u91d1\u878d\u7a33\u5b9a\u7406\u4e8b\u4f1aRandal Quarles\u6700\u8fd1\u6307\u51fa\uff0c\u7f8e\u8054\u50a8\u7684\u76d1\u7ba1\u53ef\u80fd\u6b63\u4fc3\u4f7f\u94f6\u884c\u56e4\u79ef\u6d41\u52a8\u6027\u800c\u4e0d\u653e\u8d37\u3002\u56fd\u9645\u6e05\u7b97\u94f6\u884c(Bank for International Settlements)\u6700\u8fd1\u53d1\u5e03\u62a5\u544a\u79f0\uff0c\u56de\u8d2d\u5e02\u573a\u53ef\u80fd\u9762\u4e34\u66f4\u6df1\u5c42\u6b21\u7684\u95ee\u9898\uff0c\u56e0\u4e3a\u56de\u8d2d\u8d37\u6b3e\u4e3b\u8981\u96c6\u4e2d\u5728\u90a3\u4e9b\u5728\u538b\u529b\u65f6\u671f\u4e0d\u613f\u501f\u51fa\u8d44\u91d1\u7684\u516c\u53f8\u3002<\/p>\n

\u572810\u6708\u5e95\u7684\u7f8e\u8054\u50a8\u4f1a\u8bae\u4e0a\uff0c\u5b98\u5458\u4eec\u6743\u8861\u4e86\u4ed6\u4eec\u662f\u5426\u6709\u5fc5\u8981\u5728\u66f4\u957f\u65f6\u671f\u5185\u6839\u636e\u9700\u8981\u7ee7\u7eed\u8fdb\u884c\u6d41\u52a8\u6027\u64cd\u4f5c\u3002\u4ed6\u4eec\u8fd8\u8003\u8651\u91c7\u7528\u5e38\u8bbe\u56de\u8d2d\u673a\u5236(standing repo facility)\uff0c\u5141\u8bb8\u7b26\u5408\u6761\u4ef6\u7684\u4f01\u4e1a\u5728\u7f8e\u8054\u50a8\u8fc5\u901f\u5c06\u56fd\u503a\u6362\u4e3a\u6d41\u52a8\u6027\uff0c\u4ece\u800c\u9650\u5236\u77ed\u671f\u5229\u7387\u98d9\u5347\u3002<\/p>\n

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