Shanghai , as the centre city of economy and finance of our country , the real estate problem is extremely noticeable . this paper is just launched around this question 经济成长过程中出现的一些非实体经济因素,如金融证券、债券、地价和金融投机交易等,只要控制在适度的范围中,对活跃市场经济是有利的。
Yet ghosts candeceive . similarities exist between japanthen and americatoday , notably the way that a financial crisis threatens the “ real ” economy . but the differences outnumber them 然而幽灵具有欺骗性。现在美国遇到的危机与当时的日本有些相似性，特别是金融危机威胁实体经济的这种方式。但是差异更明显。
The mechanism of stock market transmitting monetary policy is such a process : monetary policy tool operations impact the variables in the financial field which influence on the variables in the real economy further 简言之,货币政策工具操作对金融领域的变量产生冲击,进一步对实体经济领域的变量产生影响。
Therefore , the mechanism of stock market transmitting monetary policy can be divided into two close links : from monetary policy to the stock market ; from the stock market to the real economy 因而可以将货币政策的股票市场传导机制分为两个紧密联系与互动的环节:货币政策对股票市场的影响;股票市场波动对实体经济的影响。
The central bank should establish a target system and transmission mechanism of monetary policy including asset prices and construct a more efficient monetary policy operation framework 央行应尽快建立与资产价格监测相关的指标体系，形成考虑资产价格波动因素的货币政策传导机制，构建均衡实体经济与虚拟经济的货币政策操作框架。
The author carried on demonstration research from two aspects : the effectiveness of policy instrument and monetary market variable ; the effectiveness of monetary market variable and entity economy variable 摘要从货币政策工具对货币市场的作用效果和货币市场变量对实体经济的作用效果两方面进行实证分析，以揭示货币市场传导的效应。
The financial dissimilation is beyond the capacity and potential of the development of economy - the bubblization of finance - and finally it destroys itself , which is the fundamental cause of all the financial crises 金融异化脱离实体经济发展的可能性和潜力，即金融泡沫化，而走上最终自我毁灭的道路，这是一切金融危机的根本原因。
Share prices surged around the world yesterday as central bankers and policymakers unveiled an unexpected range of measures aimed at stopping the financial turmoil from spilling out to the wider economy 全球股市昨日普遍强劲上扬，原因是各国央行行长和决策者采取了超出市场预期的一系列措施，旨在阻止金融市场动荡蔓延至更广泛的实体经济。
On the other hand , tl1e asl economy t ' as also influenced indirectl3 , for capital cannot be allocated rationall3 through banking system under such an volatile exchange rate because of the deviant balance sheets of banks 同时，汇率水平的剧烈波动影响了银行的资产负债表，致使银行体系不能正常进行资金配置，从而间接地对实体经济造成危害。
In such a tendency , the development of finance is more like an endogenetic course of self - development . more and more finance has a trend that is finance is becoming an objective entity independent of physical economy 在这种金融强势中，金融的发展更多地表现为一种自我发展的内生过程，金融越来越具有一种趋势，即独立于实体经济的一种客观存在。
