26 7月 美国论文代写：中央银行干预利率
因此，在利率上升的国家，在利率上升的时期，干预措施是为了强化本币。如表4 – 2所示，可能发生的情况是租金经济，生产下降，就业减少，收入分配不公。
The rate at which there is an intervention by the central bank in the interbank market so as to manage the liquidity of day-to-day is known as intervention rate. The repurchase and sale of agreement in which a financial dealer sells a financial instrument to another in which on a given date they agree to buy them back is known as repo rate. There are two legs to a repo transaction; on the value date, the repo seller sells securities (collateral) to the buyer for an agreed sum of money (initial transaction); ant maturity, the seller repurchase the securities for the original sum, and pays a return for the use of the cash proceeds during the term of the repo.
In Germany, France, and Italy, as the repo rates is low of expectation, it was leading decrease in consumption, reduction in investment, and reduction in demand and lower inflation
So in country with a higher intervention rate, in periods of rising rate of interest, interventions are made to strengthen the domestic currency. As the mechanism showed in the Table 4-2, the possible following happens are rent economy, decease in production, and decrease in employment and injustice in income distribution.
Finally, the government wants to make up the situation and improve the amount of budget of government, then the gap between real GDP and government budget, resulting in a more badly economic environment (Baillie and Willian 2008).
In the fast growing members a credit bubble was created by this factor because they raised the leverage and over a period of time asset bubble was produced in real and financial asset. Thus, when governments were forced to raise public expenditure so as to avoid bailout or larger recession; a part of this high level private debt became the part of the sovereign debt. At the same time coming from the burst of the bubbles some distressed private banks suffered a huge fall in the tax revenues. It is because of the unexpected financial crisis and design failure that the present sovereign debt crisis in some members of Eurozone has occurred.