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农发行发放的粮油棉收购货币资金主要来源于中央银行政策性计划供应的再贷款,即增发的基础货币。基础货币是高能货币,流转在商业银行存款备付金运作机制中会产生派生存款,从而会比例倍增社会贷款供应总量,甚至引发通货膨胀。因此,农发行有责任贯彻稳健的货币政策,自觉地节约使
The issuance of grain and oil cotton by the Agricultural Development Bank mainly comes from the refinancing provided by the policy plan of the Central Bank, that is, the additional base currency. The base currency is a high-energy currency. The transfer will generate derivative deposits in the deposit reserve mechanism of commercial banks, thus doubling the total supply of social loans and even causing inflation. Therefore, it is the responsibility of the Agricultural Development Bank to carry out a prudent monetary policy and consciously save