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誰能解釋壹下“消毒政策”(sterilization of gold)大神們幫幫忙

“消毒政策”,不是這樣翻譯的吧! 簡單說:這是美國財政部在1936年,采取賣國債以收購黃金,將黃金入庫的壹個舉措。 可直譯“黃金的絕育方案”,不過要加以解釋。 用Ben Bernanke的壹段話展開解釋:(英) For a variety of reasons, including among others a desire of the Federal Reserve to curb the US stock market boom, monetary policy in several major countries turned contractionary in the late 1920's - a contraction that was transmitted worldwide by the gold standard. What was initially a mild deflationary process began to snowball when the banking and currency crises of 1931 instigated an international "scramble for gold". Sterilization of gold inflows by surplus countries [the USA and France], substitution of gold for foreign exchange reserves, and runs on commercial banks all led to increases in the gold backing of money, and consequently to sharp unintended declines in national money supplies. Monetary contractions in turn were strongly associated with falling prices, output and employment. Effective international cooperation could in principle have permitted a worldwide monetary expansion despite gold standard constraints, but disputes over World War I reparations and war debts, and the insularity and inexperience of the Federal Reserve, among other factors, prevented this outcome. As a result, individual countries were able to escape the deflationary vortex only by unilaterally abandoning the gold standard and re-establishing domestic monetary stability, a process that dragged on in a halting and uncoordinated manner until France and the other Gold Bloc countries finally left gold in 1936. (中)貝南克: 出於各種原因,其中包括其他國家的願望美國聯邦儲備委員會,以遏止美國股市的繁榮,貨幣政策在幾個主要國家拒絕緊縮,在1920年底的-收縮,這是全世界傳送的黃金標準。什麽是最初壹個溫和的通貨緊縮的過程中開始越滾越大時,銀行和貨幣危機的1931年唆使壹個國際“爭金” 。絕育手術的黃金流入順差國家的[美國和法國] ,替代黃金的外匯儲備,並運行對商業銀行的所有主導,以增加在黃金的支持,金錢,因此大幅下降,無意中在國家的錢用品。貨幣收縮,反過來又強烈相關,與價格下降,產出和就業。有效的國際合作,可以在原則上已批準全球貨幣擴張,盡管黃金標準的限制,但爭議,第壹次世界大戰後的賠償和戰爭的債務,和外界隔絕和經驗不足的美國聯邦儲備委員會,除其他因素外,阻止這壹結果。因此,個別國家能夠逃脫通貨緊縮的旋渦,只有單方面放棄金本位和重新建立的國內金融體系的穩定,這壹進程壹拖再拖,在制止和不協調的方式,直到法國和其他黃金集團國家的最後左金在1936年。 以上中文是直線翻譯而來,難免有些錯誤,妳看的時候自己註意壹下哦!

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