【摘要】:英伦银行与美国联邦准备银行均可自由收买证券,虽在1932年2月美国通过《格拉斯与斯迭加尔条例》以前,联银不能以证券为发行钞票之准备金。法兰西银行则不然,它除能将一部分证券永久地保有以外,不许收买任何证券。它只能准许将国防公债来再贴现而已。“The Bank of England and the American Federal Reserve Banks are quite free to buy government securities.The Bank of France on the other hand is precluded from acquiring anyexcept when National Defence Notes are offered to it for rediscount.”[19]
(3)英美法三国的比较
英伦银行与美国联邦准备银行均可自由收买证券,虽在1932年2月美国通过《格拉斯与斯迭加尔条例》以前,联银不能以证券为发行钞票之准备金。法兰西银行则不然,它除能将一部分证券永久地保有以外,不许收买任何证券。它只能准许将国防公债来再贴现而已。
“The Bank of England and the American Federal Reserve Banks are quite free to buy government securities(though till the passage of the Glass-Steagall Act in February,1932,the latter could not use themas backing for their note issue).The Bank of France on the other hand is precluded from acquiring any(apart from its permanent holdings)except when National Defence Notes are offered to it for rediscount.”[19]
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