| 单词 | sterilization |
| 释义 | Sterilization Refers to a policy undertaken by a Central bank whereby they purchase bonds in the open market (thereby increasing money supply) but at the same time sell other bonds or bills with the same value (thereby decreasing money supply). The impact is neutral on money supply. However, the impact is not necessarily neutral on risk. A recent example is the European Central Banking purchasing junk or near junk sovereign bonds and sterilizing by selling higher quality bonds. |
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