monetary circulation base

基本解释

Mr. Laffer seems panicked by a rapid rise in the monetary base, the sum of currency in circulation and the reserves of banks.
拉弗先生對於基礎貨幣（流通中貨幣的縂量和銀行的儲備金）的快速上陞似乎是驚慌失措的。
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The monetary base includes currency in circulation, while the circulation of the currency is something familiar to the public, and we deal with it every day.
貨幣基礎包括流通中的貨幣，而貨幣的發行量是公衆所熟悉的東西，我們每天都會接觸它。

That is what it is now doing: Japan's monetary base (currency in circulation and banks' reserves at the Bank of Japan) grew by 23% in the year to January.
ECONOMIST: The yen
And if central bankers sought to control money, however defined, by targeting the monetary base—cash in circulation and commercial-bank reserves held with the central bank—they lost control of the short-term interest rate, which might move erratically and damage the economy.
ECONOMIST: Economics focus
Critics might fret that the recent slowdown in the growth in Japan's monetary base (banks' reserves at the central bank plus notes and coins in circulation) suggests that the Bank of Japan has tightened policy.
ECONOMIST: Taking the porridge test