这是多恩布什的《宏观经济学》中国际经济学部分的,原文如下:
When the central bank sells foreign exchange ,it reduces domestic high-powered money and therefore the money stock-unless it sterilizes its foreign exchange intervention by buying bonds as it sells foreign exchange。
就是中央银行出售外汇的话会减少国内的高能(基础)货币,我觉得一国在外汇市场上出售外汇的话,不是能换回本国货币吗,那不是增加了国内的货币基础吗?