4 . the sub - committee considered an analysis of banks management of their clearing balances 委員會審議了一份銀行管理結算馀額的分析文件。
To convert their hong kong dollar clearing balances into us dollars at the linked rate of hk $ 7 . 80 80港元的聯系匯率將其所持的港元結算馀額兌換為美元。
And there is nothing to stop us from enforcing a disincentive against the holding of large clearing balances by banks 同時我們更可以隨時采取抑制措施以減少銀行持有大的結算馀額。
But there seems to me no reason why they should . the customer deposit base of a bank is far greater than the clearing balance 不過,我個人認為銀行沒有理由這樣做,原因是個別銀行的客戶存款基礎遠遠大過它的結算馀額。
The fact that we pay no interest on the clearing balances of banks is already a disincentive , as banks do not get any return on those assets 事實上,我們不對銀行的結算馀額支付利息這個安排本身已經是一種抑制措施,因為銀行不會就該等資產得到任何回報。
Thus that part of the monetary base represented by the clearing balance of the banking system was initially not subject to the discipline imposed by a currency board system 因此,貨幣基礎中銀行體系結算馀額的部分,最初并不受貨幣發行局制度的規則約束。
This was what argentina did at the time of crisis in 1995 for the clearing balances held by commercial banks with the currency board 這正是阿根廷在1995年面對危機時所采用的方法,阿根廷當時把商業銀行在貨幣發行局持有的結算馀額由本地貨幣改為以美元為單位。
Thus , that part of the monetary base represented by the clearing balances of the banking system was initially not subject to the discipline imposed by a currency board system 因此,貨幣基礎中銀行體系結算馀額的部分,最初并不受貨幣發行局制度的規則約束。