id	sid	tid	token	lemma	pos
fbem-29591	1	1	frontiers	frontier	NOUN
fbem-29591	1	2	in	in	ADP
fbem-29591	1	3	business	business	NOUN
fbem-29591	1	4	,	,	PUNCT
fbem-29591	1	5	economics	economic	NOUN
fbem-29591	1	6	and	and	CCONJ
fbem-29591	1	7	management	management	NOUN
fbem-29591	1	8	issn	issn	PROPN
fbem-29591	1	9	:	:	PUNCT
fbem-29591	1	10	2766	2766	NUM
fbem-29591	1	11	-	-	PUNCT
fbem-29591	1	12	824x	824x	NUM
fbem-29591	1	13	|	|	ADJ
fbem-29591	1	14	vol	vol	NOUN
fbem-29591	1	15	.	.	PROPN
fbem-29591	1	16	18	18	NUM
fbem-29591	1	17	,	,	PUNCT
fbem-29591	1	18	no	no	INTJ
fbem-29591	1	19	.	.	NOUN
fbem-29591	1	20	2	2	NUM
fbem-29591	1	21	,	,	PUNCT
fbem-29591	1	22	2025	2025	NUM
fbem-29591	1	23	88	88	NUM
fbem-29591	1	24	empirical	empirical	ADJ
fbem-29591	1	25	analysis	analysis	NOUN
fbem-29591	1	26	of	of	ADP
fbem-29591	1	27	changes	change	NOUN
fbem-29591	1	28	in	in	ADP
fbem-29591	1	29	china	china	PROPN
fbem-29591	1	30	's	's	PART
fbem-29591	1	31	currency	currency	NOUN
fbem-29591	1	32	circulation	circulation	NOUN
fbem-29591	1	33	velocity	velocity	NOUN
fbem-29591	1	34	in	in	ADP
fbem-29591	1	35	the	the	DET
fbem-29591	1	36	new	new	ADJ
fbem-29591	1	37	century	century	NOUN
fbem-29591	1	38	tong	tong	PROPN
fbem-29591	1	39	shan	shan	PROPN
fbem-29591	1	40	school	school	PROPN
fbem-29591	1	41	of	of	ADP
fbem-29591	1	42	business	business	NOUN
fbem-29591	1	43	,	,	PUNCT
fbem-29591	1	44	east	east	PROPN
fbem-29591	1	45	china	china	PROPN
fbem-29591	1	46	university	university	PROPN
fbem-29591	1	47	of	of	ADP
fbem-29591	1	48	political	political	ADJ
fbem-29591	1	49	science	science	NOUN
fbem-29591	1	50	and	and	CCONJ
fbem-29591	1	51	law	law	NOUN
fbem-29591	1	52	,	,	PUNCT
fbem-29591	1	53	shanghai	shanghai	PROPN
fbem-29591	1	54	200000	200000	NUM
fbem-29591	1	55	,	,	PUNCT
fbem-29591	1	56	china	china	PROPN
fbem-29591	1	57	abstract	abstract	NOUN
fbem-29591	1	58	:	:	PUNCT
fbem-29591	1	59	this	this	DET
fbem-29591	1	60	article	article	NOUN
fbem-29591	1	61	will	will	AUX
fbem-29591	1	62	first	first	ADV
fbem-29591	1	63	derive	derive	VERB
fbem-29591	1	64	the	the	DET
fbem-29591	1	65	theory	theory	NOUN
fbem-29591	1	66	of	of	ADP
fbem-29591	1	67	money	money	NOUN
fbem-29591	1	68	multiplier	multiplier	ADV
fbem-29591	1	69	and	and	CCONJ
fbem-29591	1	70	explain	explain	VERB
fbem-29591	1	71	its	its	PRON
fbem-29591	1	72	relationship	relationship	NOUN
fbem-29591	1	73	with	with	ADP
fbem-29591	1	74	the	the	DET
fbem-29591	1	75	velocity	velocity	NOUN
fbem-29591	1	76	of	of	ADP
fbem-29591	1	77	money	money	NOUN
fbem-29591	1	78	circulation	circulation	NOUN
fbem-29591	1	79	through	through	ADP
fbem-29591	1	80	the	the	DET
fbem-29591	1	81	theory	theory	NOUN
fbem-29591	1	82	of	of	ADP
fbem-29591	1	83	money	money	NOUN
fbem-29591	1	84	quantity	quantity	NOUN
fbem-29591	1	85	.	.	PUNCT
fbem-29591	2	1	based	base	VERB
fbem-29591	2	2	on	on	ADP
fbem-29591	2	3	the	the	DET
fbem-29591	2	4	theory	theory	NOUN
fbem-29591	2	5	of	of	ADP
fbem-29591	2	6	monetary	monetary	ADJ
fbem-29591	2	7	multiplier	multipli	ADJ
fbem-29591	2	8	,	,	PUNCT
fbem-29591	2	9	first	first	ADV
fbem-29591	2	10	analyze	analyze	VERB
fbem-29591	2	11	the	the	DET
fbem-29591	2	12	actual	actual	ADJ
fbem-29591	2	13	specif	specif	NOUN
fbem-29591	2	14	ic	ic	PROPN
fbem-29591	2	15	value	value	NOUN
fbem-29591	2	16	of	of	ADP
fbem-29591	2	17	china	china	PROPN
fbem-29591	2	18	's	's	PART
fbem-29591	2	19	monetary	monetary	ADJ
fbem-29591	2	20	multiplier	multipli	ADJ
fbem-29591	2	21	in	in	ADP
fbem-29591	2	22	the	the	DET
fbem-29591	2	23	new	new	ADJ
fbem-29591	2	24	century	century	NOUN
fbem-29591	2	25	from	from	ADP
fbem-29591	2	26	its	its	PRON
fbem-29591	2	27	definition	definition	NOUN
fbem-29591	2	28	formula	formula	NOUN
fbem-29591	2	29	;	;	PUNCT
fbem-29591	2	30	starting	start	VERB
fbem-29591	2	31	from	from	ADP
fbem-29591	2	32	the	the	DET
fbem-29591	2	33	factor	factor	NOUN
fbem-29591	2	34	composition	composition	NOUN
fbem-29591	2	35	of	of	ADP
fbem-29591	2	36	the	the	DET
fbem-29591	2	37	monetary	monetary	ADJ
fbem-29591	2	38	multiplier	multiplier	ADV
fbem-29591	2	39	,	,	PUNCT
fbem-29591	2	40	construct	construct	VERB
fbem-29591	2	41	a	a	DET
fbem-29591	2	42	factor	factor	NOUN
fbem-29591	2	43	model	model	NOUN
fbem-29591	2	44	of	of	ADP
fbem-29591	2	45	the	the	DET
fbem-29591	2	46	monetary	monetary	ADJ
fbem-29591	2	47	multiplier	multipli	ADJ
fbem-29591	2	48	,	,	PUNCT
fbem-29591	2	49	calculate	calculate	VERB
fbem-29591	2	50	the	the	DET
fbem-29591	2	51	specific	specific	ADJ
fbem-29591	2	52	values	value	NOUN
fbem-29591	2	53	of	of	ADP
fbem-29591	2	54	the	the	DET
fbem-29591	2	55	base	base	NOUN
fbem-29591	2	56	currency	currency	NOUN
fbem-29591	2	57	,	,	PUNCT
fbem-29591	2	58	statutory	statutory	PROPN
fbem-29591	2	59	reserve	reserve	PROPN
fbem-29591	2	60	requirement	requirement	NOUN
fbem-29591	2	61	ratio	ratio	NOUN
fbem-29591	2	62	,	,	PUNCT
fbem-29591	2	63	cash	cash	NOUN
fbem-29591	2	64	ratio	ratio	NOUN
fbem-29591	2	65	,	,	PUNCT
fbem-29591	2	66	etc	etc	X
fbem-29591	2	67	.	.	X
fbem-29591	2	68	and	and	CCONJ
fbem-29591	2	69	the	the	DET
fbem-29591	2	70	actual	actual	ADJ
fbem-29591	2	71	specific	specific	ADJ
fbem-29591	2	72	values	value	NOUN
fbem-29591	2	73	of	of	ADP
fbem-29591	2	74	the	the	DET
fbem-29591	2	75	monetary	monetary	ADJ
fbem-29591	2	76	multiplier	multiplier	ADV
fbem-29591	2	77	obtained	obtain	VERB
fbem-29591	2	78	from	from	ADP
fbem-29591	2	79	the	the	DET
fbem-29591	2	80	definition	definition	NOUN
fbem-29591	2	81	formula	formula	NOUN
fbem-29591	2	82	,	,	PUNCT
fbem-29591	2	83	and	and	CCONJ
fbem-29591	2	84	compare	compare	VERB
fbem-29591	2	85	their	their	PRON
fbem-29591	2	86	differences	difference	NOUN
fbem-29591	2	87	with	with	ADP
fbem-29591	2	88	the	the	DET
fbem-29591	2	89	official	official	ADJ
fbem-29591	2	90	published	publish	VERB
fbem-29591	2	91	data	datum	NOUN
fbem-29591	2	92	.	.	PUNCT
fbem-29591	3	1	and	and	CCONJ
fbem-29591	3	2	creatively	creatively	ADV
fbem-29591	3	3	use	use	VERB
fbem-29591	3	4	breakpoint	breakpoint	NOUN
fbem-29591	3	5	regression	regression	NOUN
fbem-29591	3	6	method	method	NOUN
fbem-29591	3	7	to	to	PART
fbem-29591	3	8	analyze	analyze	VERB
fbem-29591	3	9	the	the	DET
fbem-29591	3	10	changes	change	NOUN
fbem-29591	3	11	in	in	ADP
fbem-29591	3	12	domestic	domestic	ADJ
fbem-29591	3	13	monetary	monetary	ADJ
fbem-29591	3	14	multiplier	multipli	ADJ
fbem-29591	3	15	after	after	SCONJ
fbem-29591	3	16	the	the	DET
fbem-29591	3	17	establishment	establishment	NOUN
fbem-29591	3	18	of	of	ADP
fbem-29591	3	19	the	the	DET
fbem-29591	3	20	new	new	ADJ
fbem-29591	3	21	government	government	NOUN
fbem-29591	3	22	leadership	leadership	NOUN
fbem-29591	3	23	collective	collective	ADJ
fbem-29591	3	24	in	in	ADP
fbem-29591	3	25	2013	2013	NUM
fbem-29591	3	26	.	.	PUNCT
fbem-29591	4	1	keywords	keyword	NOUN
fbem-29591	4	2	:	:	PUNCT
fbem-29591	4	3	money	money	NOUN
fbem-29591	4	4	multiplier	multipli	ADJ
fbem-29591	4	5	,	,	PUNCT
fbem-29591	4	6	money	money	NOUN
fbem-29591	4	7	supply	supply	NOUN
fbem-29591	4	8	,	,	PUNCT
fbem-29591	4	9	monetary	monetary	ADJ
fbem-29591	4	10	policy	policy	NOUN
fbem-29591	4	11	.	.	PUNCT
fbem-29591	5	1	1	1	X
fbem-29591	5	2	.	.	X
fbem-29591	5	3	theoretical	theoretical	ADJ
fbem-29591	5	4	derivation	derivation	NOUN
fbem-29591	5	5	of	of	ADP
fbem-29591	5	6	monetary	monetary	ADJ
fbem-29591	5	7	multiplier	multiplier	ADV
fbem-29591	5	8	the	the	DET
fbem-29591	5	9	money	money	NOUN
fbem-29591	5	10	multiplier	multiplier	ADV
fbem-29591	5	11	is	be	AUX
fbem-29591	5	12	the	the	DET
fbem-29591	5	13	ratio	ratio	NOUN
fbem-29591	5	14	of	of	ADP
fbem-29591	5	15	the	the	DET
fbem-29591	5	16	final	final	ADJ
fbem-29591	5	17	money	money	NOUN
fbem-29591	5	18	supply	supply	NOUN
fbem-29591	5	19	to	to	ADP
fbem-29591	5	20	the	the	DET
fbem-29591	5	21	base	base	NOUN
fbem-29591	5	22	money	money	NOUN
fbem-29591	5	23	.	.	PUNCT
fbem-29591	6	1	in	in	ADP
fbem-29591	6	2	other	other	ADJ
fbem-29591	6	3	words	word	NOUN
fbem-29591	6	4	,	,	PUNCT
fbem-29591	6	5	it	it	PRON
fbem-29591	6	6	is	be	AUX
fbem-29591	6	7	the	the	DET
fbem-29591	6	8	ratio	ratio	NOUN
fbem-29591	6	9	of	of	ADP
fbem-29591	6	10	the	the	DET
fbem-29591	6	11	total	total	ADJ
fbem-29591	6	12	money	money	NOUN
fbem-29591	6	13	supply	supply	NOUN
fbem-29591	6	14	to	to	ADP
fbem-29591	6	15	the	the	DET
fbem-29591	6	16	newly	newly	ADV
fbem-29591	6	17	"	"	PUNCT
fbem-29591	6	18	printed	print	VERB
fbem-29591	6	19	"	"	PUNCT
fbem-29591	6	20	currency	currency	NOUN
fbem-29591	6	21	by	by	ADP
fbem-29591	6	22	the	the	DET
fbem-29591	6	23	central	central	ADJ
fbem-29591	6	24	bank	bank	NOUN
fbem-29591	6	25	.	.	PUNCT
fbem-29591	7	1	the	the	DET
fbem-29591	7	2	reason	reason	NOUN
fbem-29591	7	3	why	why	SCONJ
fbem-29591	7	4	the	the	DET
fbem-29591	7	5	total	total	ADJ
fbem-29591	7	6	money	money	NOUN
fbem-29591	7	7	supply	supply	NOUN
fbem-29591	7	8	in	in	ADP
fbem-29591	7	9	the	the	DET
fbem-29591	7	10	market	market	NOUN
fbem-29591	7	11	is	be	AUX
fbem-29591	7	12	not	not	PART
fbem-29591	7	13	equal	equal	ADJ
fbem-29591	7	14	to	to	ADP
fbem-29591	7	15	the	the	DET
fbem-29591	7	16	amount	amount	NOUN
fbem-29591	7	17	of	of	ADP
fbem-29591	7	18	newly	newly	ADV
fbem-29591	7	19	issued	issue	VERB
fbem-29591	7	20	money	money	NOUN
fbem-29591	7	21	by	by	ADP
fbem-29591	7	22	the	the	DET
fbem-29591	7	23	central	central	ADJ
fbem-29591	7	24	bank	bank	NOUN
fbem-29591	7	25	,	,	PUNCT
fbem-29591	7	26	or	or	CCONJ
fbem-29591	7	27	even	even	ADV
fbem-29591	7	28	several	several	ADJ
fbem-29591	7	29	times	time	NOUN
fbem-29591	7	30	it	it	PRON
fbem-29591	7	31	,	,	PUNCT
fbem-29591	7	32	is	be	AUX
fbem-29591	7	33	due	due	ADJ
fbem-29591	7	34	to	to	ADP
fbem-29591	7	35	the	the	DET
fbem-29591	7	36	"	"	PUNCT
fbem-29591	7	37	derivative	derivative	ADJ
fbem-29591	7	38	principle	principle	NOUN
fbem-29591	7	39	"	"	PUNCT
fbem-29591	7	40	of	of	ADP
fbem-29591	7	41	money	money	NOUN
fbem-29591	7	42	.	.	PUNCT
fbem-29591	8	1	this	this	PRON
fbem-29591	8	2	involves	involve	VERB
fbem-29591	8	3	the	the	DET
fbem-29591	8	4	credit	credit	NOUN
fbem-29591	8	5	derivative	derivative	ADJ
fbem-29591	8	6	function	function	NOUN
fbem-29591	8	7	of	of	ADP
fbem-29591	8	8	banks	bank	NOUN
fbem-29591	8	9	,	,	PUNCT
fbem-29591	8	10	which	which	PRON
fbem-29591	8	11	means	mean	VERB
fbem-29591	8	12	that	that	SCONJ
fbem-29591	8	13	banks	bank	NOUN
fbem-29591	8	14	do	do	AUX
fbem-29591	8	15	not	not	PART
fbem-29591	8	16	need	need	VERB
fbem-29591	8	17	to	to	PART
fbem-29591	8	18	keep	keep	VERB
fbem-29591	8	19	all	all	DET
fbem-29591	8	20	their	their	PRON
fbem-29591	8	21	deposits	deposit	NOUN
fbem-29591	8	22	in	in	ADP
fbem-29591	8	23	their	their	PRON
fbem-29591	8	24	hands	hand	NOUN
fbem-29591	8	25	because	because	SCONJ
fbem-29591	8	26	depositors	depositor	NOUN
fbem-29591	8	27	are	be	AUX
fbem-29591	8	28	unlikely	unlikely	ADJ
fbem-29591	8	29	to	to	PART
fbem-29591	8	30	make	make	VERB
fbem-29591	8	31	withdrawal	withdrawal	NOUN
fbem-29591	8	32	requests	request	NOUN
fbem-29591	8	33	to	to	ADP
fbem-29591	8	34	the	the	DET
fbem-29591	8	35	bank	bank	NOUN
fbem-29591	8	36	at	at	ADP
fbem-29591	8	37	the	the	DET
fbem-29591	8	38	same	same	ADJ
fbem-29591	8	39	time	time	NOUN
fbem-29591	8	40	.	.	PUNCT
fbem-29591	9	1	they	they	PRON
fbem-29591	9	2	only	only	ADV
fbem-29591	9	3	need	need	VERB
fbem-29591	9	4	to	to	PART
fbem-29591	9	5	keep	keep	VERB
fbem-29591	9	6	a	a	DET
fbem-29591	9	7	portion	portion	NOUN
fbem-29591	9	8	of	of	ADP
fbem-29591	9	9	the	the	DET
fbem-29591	9	10	funds	fund	NOUN
fbem-29591	9	11	,	,	PUNCT
fbem-29591	9	12	which	which	PRON
fbem-29591	9	13	is	be	AUX
fbem-29591	9	14	called	call	VERB
fbem-29591	9	15	the	the	DET
fbem-29591	9	16	"	"	PUNCT
fbem-29591	9	17	reserve	reserve	NOUN
fbem-29591	9	18	requirement	requirement	NOUN
fbem-29591	9	19	ratio	ratio	NOUN
fbem-29591	9	20	"	"	PUNCT
fbem-29591	9	21	.	.	PUNCT
fbem-29591	10	1	so	so	ADV
fbem-29591	10	2	,	,	PUNCT
fbem-29591	10	3	there	there	PRON
fbem-29591	10	4	will	will	AUX
fbem-29591	10	5	be	be	AUX
fbem-29591	10	6	a	a	DET
fbem-29591	10	7	situation	situation	NOUN
fbem-29591	10	8	where	where	SCONJ
fbem-29591	10	9	,	,	PUNCT
fbem-29591	10	10	without	without	ADP
fbem-29591	10	11	considering	consider	VERB
fbem-29591	10	12	risk	risk	NOUN
fbem-29591	10	13	control	control	NOUN
fbem-29591	10	14	,	,	PUNCT
fbem-29591	10	15	if	if	SCONJ
fbem-29591	10	16	people	people	NOUN
fbem-29591	10	17	's	's	PART
fbem-29591	10	18	money	money	NOUN
fbem-29591	10	19	is	be	AUX
fbem-29591	10	20	only	only	ADV
fbem-29591	10	21	deposited	deposit	VERB
fbem-29591	10	22	in	in	ADP
fbem-29591	10	23	the	the	DET
fbem-29591	10	24	bank	bank	NOUN
fbem-29591	10	25	for	for	ADP
fbem-29591	10	26	one	one	NUM
fbem-29591	10	27	purpose	purpose	NOUN
fbem-29591	10	28	,	,	PUNCT
fbem-29591	10	29	when	when	SCONJ
fbem-29591	10	30	people	people	NOUN
fbem-29591	10	31	deposit	deposit	VERB
fbem-29591	10	32	their	their	PRON
fbem-29591	10	33	money	money	NOUN
fbem-29591	10	34	in	in	ADP
fbem-29591	10	35	the	the	DET
fbem-29591	10	36	bank	bank	NOUN
fbem-29591	10	37	,	,	PUNCT
fbem-29591	10	38	the	the	DET
fbem-29591	10	39	bank	bank	NOUN
fbem-29591	10	40	can	can	AUX
fbem-29591	10	41	lend	lend	VERB
fbem-29591	10	42	out	out	ADP
fbem-29591	10	43	this	this	DET
fbem-29591	10	44	portion	portion	NOUN
fbem-29591	10	45	after	after	ADP
fbem-29591	10	46	deducting	deduct	VERB
fbem-29591	10	47	the	the	DET
fbem-29591	10	48	reserve	reserve	NOUN
fbem-29591	10	49	requirement	requirement	NOUN
fbem-29591	10	50	;	;	PUNCT
fbem-29591	10	51	if	if	SCONJ
fbem-29591	10	52	the	the	DET
fbem-29591	10	53	person	person	NOUN
fbem-29591	10	54	who	who	PRON
fbem-29591	10	55	has	have	AUX
fbem-29591	10	56	obtained	obtain	VERB
fbem-29591	10	57	the	the	DET
fbem-29591	10	58	loan	loan	NOUN
fbem-29591	10	59	continues	continue	VERB
fbem-29591	10	60	to	to	PART
fbem-29591	10	61	deposit	deposit	VERB
fbem-29591	10	62	the	the	DET
fbem-29591	10	63	money	money	NOUN
fbem-29591	10	64	in	in	ADP
fbem-29591	10	65	the	the	DET
fbem-29591	10	66	bank	bank	NOUN
fbem-29591	10	67	,	,	PUNCT
fbem-29591	10	68	the	the	DET
fbem-29591	10	69	bank	bank	NOUN
fbem-29591	10	70	will	will	AUX
fbem-29591	10	71	then	then	ADV
fbem-29591	10	72	lend	lend	VERB
fbem-29591	10	73	out	out	ADP
fbem-29591	10	74	the	the	DET
fbem-29591	10	75	money	money	NOUN
fbem-29591	10	76	after	after	ADP
fbem-29591	10	77	deducting	deduct	VERB
fbem-29591	10	78	the	the	DET
fbem-29591	10	79	reserve	reserve	NOUN
fbem-29591	10	80	.	.	PUNCT
fbem-29591	11	1	this	this	PRON
fbem-29591	11	2	is	be	AUX
fbem-29591	11	3	the	the	DET
fbem-29591	11	4	credit	credit	NOUN
fbem-29591	11	5	derivative	derivative	ADJ
fbem-29591	11	6	function	function	NOUN
fbem-29591	11	7	of	of	ADP
fbem-29591	11	8	banks	bank	NOUN
fbem-29591	11	9	,	,	PUNCT
fbem-29591	11	10	which	which	PRON
fbem-29591	11	11	is	be	AUX
fbem-29591	11	12	the	the	DET
fbem-29591	11	13	root	root	NOUN
fbem-29591	11	14	of	of	ADP
fbem-29591	11	15	derivative	derivative	ADJ
fbem-29591	11	16	currency	currency	NOUN
fbem-29591	11	17	.	.	PUNCT
fbem-29591	12	1	if	if	SCONJ
fbem-29591	12	2	the	the	DET
fbem-29591	12	3	above	above	ADJ
fbem-29591	12	4	process	process	NOUN
fbem-29591	12	5	continues	continue	VERB
fbem-29591	12	6	,	,	PUNCT
fbem-29591	12	7	this	this	DET
fbem-29591	12	8	formula	formula	NOUN
fbem-29591	12	9	can	can	AUX
fbem-29591	12	10	be	be	AUX
fbem-29591	12	11	used	use	VERB
fbem-29591	12	12	to	to	PART
fbem-29591	12	13	describe	describe	VERB
fbem-29591	12	14	the	the	DET
fbem-29591	12	15	process	process	NOUN
fbem-29591	12	16	.	.	PUNCT
fbem-29591	13	1	total	total	ADJ
fbem-29591	13	2	deposit	deposit	NOUN
fbem-29591	13	3	amount=	amount=	PROPN
fbem-29591	13	4	d	d	NOUN
fbem-29591	13	5	n	n	CCONJ
fbem-29591	13	6	ddd	ddd	NOUN
fbem-29591	13	7	r	r	NOUN
fbem-29591	13	8	rrr	rrr	NOUN
fbem-29591	13	9	1	1	NUM
fbem-29591	13	10	...	...	PUNCT
fbem-29591	13	11	)	)	PUNCT
fbem-29591	13	12	1	1	NUM
fbem-29591	13	13	...	...	PUNCT
fbem-29591	13	14	)1)11	)1)11	PUNCT
fbem-29591	14	1	2	2	NUM
fbem-29591	14	2	=	=	PUNCT
fbem-29591	14	3	+	+	NOUN
fbem-29591	14	4	−++−+−+	−++−+−+	PUNCT
fbem-29591	14	5	（	（	PUNCT
fbem-29591	14	6	（	（	PUNCT
fbem-29591	14	7	（	（	PUNCT
fbem-29591	14	8	in	in	ADP
fbem-29591	14	9	this	this	DET
fbem-29591	14	10	situation	situation	NOUN
fbem-29591	14	11	,	,	PUNCT
fbem-29591	14	12	if	if	SCONJ
fbem-29591	14	13	the	the	DET
fbem-29591	14	14	central	central	ADJ
fbem-29591	14	15	bank	bank	NOUN
fbem-29591	14	16	issues	issue	NOUN
fbem-29591	14	17	an	an	DET
fbem-29591	14	18	additional	additional	ADJ
fbem-29591	14	19	1	1	NUM
fbem-29591	14	20	yuan	yuan	NOUN
fbem-29591	14	21	of	of	ADP
fbem-29591	14	22	rmb	rmb	PROPN
fbem-29591	14	23	,	,	PUNCT
fbem-29591	14	24	it	it	PRON
fbem-29591	14	25	will	will	AUX
fbem-29591	14	26	ultimately	ultimately	ADV
fbem-29591	14	27	increase	increase	VERB
fbem-29591	14	28	1	1	NUM
fbem-29591	14	29	/	/	SYM
fbem-29591	14	30	rd	rd	NOUN
fbem-29591	14	31	supply	supply	NOUN
fbem-29591	14	32	of	of	ADP
fbem-29591	14	33	rmb	rmb	NOUN
fbem-29591	14	34	;	;	PUNCT
fbem-29591	14	35	if	if	SCONJ
fbem-29591	14	36	the	the	DET
fbem-29591	14	37	corresponding	corresponding	ADJ
fbem-29591	14	38	central	central	ADJ
fbem-29591	14	39	bank	bank	NOUN
fbem-29591	14	40	issues	issue	NOUN
fbem-29591	14	41	less	less	ADJ
fbem-29591	14	42	than	than	ADP
fbem-29591	14	43	1	1	NUM
fbem-29591	14	44	yuan	yuan	NOUN
fbem-29591	14	45	of	of	ADP
fbem-29591	14	46	rmb	rmb	PROPN
fbem-29591	14	47	,	,	PUNCT
fbem-29591	14	48	it	it	PRON
fbem-29591	14	49	will	will	AUX
fbem-29591	14	50	ultimately	ultimately	ADV
fbem-29591	14	51	reduce	reduce	VERB
fbem-29591	14	52	1	1	NUM
fbem-29591	14	53	/	/	SYM
fbem-29591	14	54	rd	rd	NOUN
fbem-29591	14	55	supply	supply	NOUN
fbem-29591	14	56	of	of	ADP
fbem-29591	14	57	rmb	rmb	PROPN
fbem-29591	14	58	.	.	PUNCT
fbem-29591	15	1	due	due	ADP
fbem-29591	15	2	to	to	ADP
fbem-29591	15	3	the	the	DET
fbem-29591	15	4	small	small	ADJ
fbem-29591	15	5	value	value	NOUN
fbem-29591	15	6	,	,	PUNCT
fbem-29591	15	7	the	the	DET
fbem-29591	15	8	final	final	ADJ
fbem-29591	15	9	money	money	NOUN
fbem-29591	15	10	supply	supply	NOUN
fbem-29591	15	11	in	in	ADP
fbem-29591	15	12	the	the	DET
fbem-29591	15	13	market	market	NOUN
fbem-29591	15	14	theoretically	theoretically	ADV
fbem-29591	15	15	exceeds	exceed	VERB
fbem-29591	15	16	the	the	DET
fbem-29591	15	17	amount	amount	NOUN
fbem-29591	15	18	of	of	ADP
fbem-29591	15	19	money	money	NOUN
fbem-29591	15	20	newly	newly	ADV
fbem-29591	15	21	issued	issue	VERB
fbem-29591	15	22	by	by	ADP
fbem-29591	15	23	the	the	DET
fbem-29591	15	24	central	central	ADJ
fbem-29591	15	25	bank	bank	NOUN
fbem-29591	15	26	.	.	PUNCT
fbem-29591	16	1	the	the	DET
fbem-29591	16	2	above	above	ADJ
fbem-29591	16	3	is	be	AUX
fbem-29591	16	4	a	a	DET
fbem-29591	16	5	theoretical	theoretical	ADJ
fbem-29591	16	6	derivation	derivation	NOUN
fbem-29591	16	7	of	of	ADP
fbem-29591	16	8	the	the	DET
fbem-29591	16	9	factor	factor	NOUN
fbem-29591	16	10	analysis	analysis	NOUN
fbem-29591	16	11	of	of	ADP
fbem-29591	16	12	the	the	DET
fbem-29591	16	13	monetary	monetary	ADJ
fbem-29591	16	14	multiplier	multiplier	NOUN
fbem-29591	16	15	.	.	PUNCT
fbem-29591	17	1	however	however	ADV
fbem-29591	17	2	,	,	PUNCT
fbem-29591	17	3	due	due	ADP
fbem-29591	17	4	to	to	ADP
fbem-29591	17	5	the	the	DET
fbem-29591	17	6	many	many	ADJ
fbem-29591	17	7	difficult	difficult	ADJ
fbem-29591	17	8	to	to	PART
fbem-29591	17	9	quantify	quantify	VERB
fbem-29591	17	10	contents	content	NOUN
fbem-29591	17	11	in	in	ADP
fbem-29591	17	12	the	the	DET
fbem-29591	17	13	theoretical	theoretical	ADJ
fbem-29591	17	14	derivation	derivation	NOUN
fbem-29591	17	15	,	,	PUNCT
fbem-29591	17	16	such	such	ADJ
fbem-29591	17	17	as	as	ADP
fbem-29591	17	18	how	how	SCONJ
fbem-29591	17	19	much	much	ADJ
fbem-29591	17	20	deposit	deposit	NOUN
fbem-29591	17	21	people	people	NOUN
fbem-29591	17	22	deposit	deposit	VERB
fbem-29591	17	23	in	in	ADP
fbem-29591	17	24	banks	bank	NOUN
fbem-29591	17	25	and	and	CCONJ
fbem-29591	17	26	how	how	SCONJ
fbem-29591	17	27	much	much	ADJ
fbem-29591	17	28	excess	excess	ADJ
fbem-29591	17	29	deposit	deposit	NOUN
fbem-29591	17	30	reserve	reserve	NOUN
fbem-29591	17	31	ratio	ratio	NOUN
fbem-29591	17	32	is	be	AUX
fbem-29591	17	33	outside	outside	ADP
fbem-29591	17	34	the	the	DET
fbem-29591	17	35	reserve	reserve	PROPN
fbem-29591	17	36	requirement	requirement	NOUN
fbem-29591	17	37	ratio	ratio	NOUN
fbem-29591	17	38	,	,	PUNCT
fbem-29591	17	39	the	the	DET
fbem-29591	17	40	monetary	monetary	ADJ
fbem-29591	17	41	multiplier	multipli	ADJ
fbem-29591	17	42	is	be	AUX
fbem-29591	17	43	often	often	ADV
fbem-29591	17	44	calculated	calculate	VERB
fbem-29591	17	45	by	by	ADP
fbem-29591	17	46	another	another	DET
fbem-29591	17	47	method	method	NOUN
fbem-29591	17	48	,	,	PUNCT
fbem-29591	17	49	that	that	ADV
fbem-29591	17	50	is	is	ADV
fbem-29591	17	51	,	,	PUNCT
fbem-29591	17	52	from	from	ADP
fbem-29591	17	53	its	its	PRON
fbem-29591	17	54	definition	definition	NOUN
fbem-29591	17	55	.	.	PUNCT
fbem-29591	18	1	according	accord	VERB
fbem-29591	18	2	to	to	ADP
fbem-29591	18	3	the	the	DET
fbem-29591	18	4	definition	definition	NOUN
fbem-29591	18	5	of	of	ADP
fbem-29591	18	6	the	the	DET
fbem-29591	18	7	money	money	NOUN
fbem-29591	18	8	multiplier	multiplier	ADV
fbem-29591	18	9	,	,	PUNCT
fbem-29591	18	10	it	it	PRON
fbem-29591	18	11	can	can	AUX
fbem-29591	18	12	be	be	AUX
fbem-29591	18	13	concluded	conclude	VERB
fbem-29591	18	14	that	that	SCONJ
fbem-29591	18	15	the	the	DET
fbem-29591	18	16	money	money	NOUN
fbem-29591	18	17	multiplier	multiplier	ADV
fbem-29591	18	18	is	be	AUX
fbem-29591	18	19	equal	equal	ADJ
fbem-29591	18	20	to	to	ADP
fbem-29591	18	21	the	the	DET
fbem-29591	18	22	ratio	ratio	NOUN
fbem-29591	18	23	of	of	ADP
fbem-29591	18	24	the	the	DET
fbem-29591	18	25	nominal	nominal	ADJ
fbem-29591	18	26	amount	amount	NOUN
fbem-29591	18	27	of	of	ADP
fbem-29591	18	28	money	money	NOUN
fbem-29591	18	29	to	to	ADP
fbem-29591	18	30	the	the	DET
fbem-29591	18	31	base	base	NOUN
fbem-29591	18	32	amount	amount	NOUN
fbem-29591	18	33	of	of	ADP
fbem-29591	18	34	money	money	NOUN
fbem-29591	18	35	.	.	PUNCT
fbem-29591	19	1	therefore	therefore	ADV
fbem-29591	19	2	,	,	PUNCT
fbem-29591	19	3	by	by	ADP
fbem-29591	19	4	collecting	collect	VERB
fbem-29591	19	5	data	datum	NOUN
fbem-29591	19	6	on	on	ADP
fbem-29591	19	7	the	the	DET
fbem-29591	19	8	nominal	nominal	ADJ
fbem-29591	19	9	amount	amount	NOUN
fbem-29591	19	10	of	of	ADP
fbem-29591	19	11	money	money	NOUN
fbem-29591	19	12	and	and	CCONJ
fbem-29591	19	13	the	the	DET
fbem-29591	19	14	base	base	NOUN
fbem-29591	19	15	amount	amount	NOUN
fbem-29591	19	16	of	of	ADP
fbem-29591	19	17	money	money	NOUN
fbem-29591	19	18	,	,	PUNCT
fbem-29591	19	19	a	a	DET
fbem-29591	19	20	ratio	ratio	NOUN
fbem-29591	19	21	operation	operation	NOUN
fbem-29591	19	22	can	can	AUX
fbem-29591	19	23	be	be	AUX
fbem-29591	19	24	performed	perform	VERB
fbem-29591	19	25	to	to	PART
fbem-29591	19	26	calculate	calculate	VERB
fbem-29591	19	27	the	the	DET
fbem-29591	19	28	actual	actual	ADJ
fbem-29591	19	29	value	value	NOUN
fbem-29591	19	30	of	of	ADP
fbem-29591	19	31	the	the	DET
fbem-29591	19	32	money	money	NOUN
fbem-29591	19	33	multiplier	multiplier	ADV
fbem-29591	19	34	.	.	PUNCT
fbem-29591	20	1	the	the	DET
fbem-29591	20	2	specific	specific	ADJ
fbem-29591	20	3	formula	formula	NOUN
fbem-29591	20	4	is	be	AUX
fbem-29591	20	5	as	as	SCONJ
fbem-29591	20	6	follows	follow	VERB
fbem-29591	20	7	:	:	PUNCT
fbem-29591	20	8	b	b	X
fbem-29591	20	9	m	m	NOUN
fbem-29591	20	10	m	m	VERB
fbem-29591	20	11	1	1	NUM
fbem-29591	20	12	1	1	NUM
fbem-29591	20	13	=	=	SYM
fbem-29591	20	14	b	b	X
fbem-29591	20	15	m	m	VERB
fbem-29591	20	16	m	m	VERB
fbem-29591	20	17	2	2	NUM
fbem-29591	20	18	2	2	NUM
fbem-29591	20	19	=	=	VERB
fbem-29591	20	20	among	among	ADP
fbem-29591	20	21	them	they	PRON
fbem-29591	20	22	,	,	PUNCT
fbem-29591	20	23	the	the	DET
fbem-29591	20	24	base	base	NOUN
fbem-29591	20	25	currency	currency	NOUN
fbem-29591	20	26	b	b	PROPN
fbem-29591	20	27	refers	refer	VERB
fbem-29591	20	28	to	to	ADP
fbem-29591	20	29	the	the	DET
fbem-29591	20	30	currency	currency	NOUN
fbem-29591	20	31	issued	issue	VERB
fbem-29591	20	32	by	by	ADP
fbem-29591	20	33	the	the	DET
fbem-29591	20	34	central	central	ADJ
fbem-29591	20	35	bank	bank	NOUN
fbem-29591	20	36	,	,	PUNCT
fbem-29591	20	37	which	which	PRON
fbem-29591	20	38	is	be	AUX
fbem-29591	20	39	specifically	specifically	ADV
fbem-29591	20	40	manifested	manifest	VERB
fbem-29591	20	41	as	as	ADP
fbem-29591	20	42	the	the	DET
fbem-29591	20	43	currency	currency	NOUN
fbem-29591	20	44	issued	issue	VERB
fbem-29591	20	45	by	by	ADP
fbem-29591	20	46	the	the	DET
fbem-29591	20	47	central	central	PROPN
fbem-29591	20	48	bank	bank	PROPN
fbem-29591	20	49	plus	plus	CCONJ
fbem-29591	20	50	the	the	DET
fbem-29591	20	51	reserve	reserve	NOUN
fbem-29591	20	52	requirement	requirement	NOUN
fbem-29591	20	53	for	for	ADP
fbem-29591	20	54	central	central	ADJ
fbem-29591	20	55	bank	bank	NOUN
fbem-29591	20	56	guaranteed	guarantee	VERB
fbem-29591	20	57	deposits	deposit	NOUN
fbem-29591	20	58	;	;	PUNCT
fbem-29591	20	59	for	for	SCONJ
fbem-29591	20	60	m1	m1	NOUN
fbem-29591	20	61	cash	cash	NOUN
fbem-29591	20	62	circulating	circulate	VERB
fbem-29591	20	63	outside	outside	ADP
fbem-29591	20	64	the	the	DET
fbem-29591	20	65	banking	banking	NOUN
fbem-29591	20	66	system+enterprise	system+enterprise	PROPN
fbem-29591	20	67	current	current	ADJ
fbem-29591	20	68	deposits+government	deposits+government	PROPN
fbem-29591	20	69	,	,	PUNCT
fbem-29591	20	70	organization	organization	NOUN
fbem-29591	20	71	,	,	PUNCT
fbem-29591	20	72	and	and	CCONJ
fbem-29591	20	73	military	military	ADJ
fbem-29591	20	74	deposits+rural	deposits+rural	PROPN
fbem-29591	20	75	deposits+credit	deposits+credit	PROPN
fbem-29591	20	76	card	card	NOUN
fbem-29591	20	77	deposits	deposit	NOUN
fbem-29591	20	78	held	hold	VERB
fbem-29591	20	79	by	by	ADP
fbem-29591	20	80	individuals	individual	NOUN
fbem-29591	20	81	"	"	PUNCT
fbem-29591	20	82	;	;	PUNCT
fbem-29591	20	83	for	for	ADP
fbem-29591	20	84	m2	m2	PROPN
fbem-29591	20	85	"	"	PUNCT
fbem-29591	20	86	urban	urban	ADJ
fbem-29591	20	87	and	and	CCONJ
fbem-29591	20	88	rural	rural	ADJ
fbem-29591	20	89	residents	resident	NOUN
fbem-29591	20	90	'	'	PART
fbem-29591	20	91	savings	saving	NOUN
fbem-29591	20	92	deposits+enterprise	deposits+enterprise	PROPN
fbem-29591	20	93	deposits	deposit	NOUN
fbem-29591	20	94	with	with	ADP
fbem-29591	20	95	fixed	fix	VERB
fbem-29591	20	96	-	-	PUNCT
fbem-29591	20	97	term	term	NOUN
fbem-29591	20	98	nature+trust	nature+trust	PROPN
fbem-29591	20	99	deposits+other	deposits+other	PROPN
fbem-29591	20	100	deposits	deposit	NOUN
fbem-29591	20	101	"	"	PUNCT
fbem-29591	20	102	.	.	PUNCT
fbem-29591	21	1	the	the	DET
fbem-29591	21	2	difference	difference	NOUN
fbem-29591	21	3	between	between	ADP
fbem-29591	21	4	the	the	DET
fbem-29591	21	5	former	former	ADJ
fbem-29591	21	6	and	and	CCONJ
fbem-29591	21	7	the	the	DET
fbem-29591	21	8	latter	latter	ADJ
fbem-29591	21	9	is	be	AUX
fbem-29591	21	10	that	that	SCONJ
fbem-29591	21	11	the	the	DET
fbem-29591	21	12	former	former	ADJ
fbem-29591	21	13	reflects	reflect	VERB
fbem-29591	21	14	the	the	DET
fbem-29591	21	15	actual	actual	ADJ
fbem-29591	21	16	purchasing	purchase	VERB
fbem-29591	21	17	power	power	NOUN
fbem-29591	21	18	of	of	ADP
fbem-29591	21	19	the	the	DET
fbem-29591	21	20	economy	economy	NOUN
fbem-29591	21	21	,	,	PUNCT
fbem-29591	21	22	while	while	SCONJ
fbem-29591	21	23	the	the	DET
fbem-29591	21	24	latter	latter	NOUN
fbem-29591	21	25	also	also	ADV
fbem-29591	21	26	reflects	reflect	VERB
fbem-29591	21	27	some	some	DET
fbem-29591	21	28	potential	potential	ADJ
fbem-29591	21	29	purchasing	purchasing	NOUN
fbem-29591	21	30	power	power	NOUN
fbem-29591	21	31	,	,	PUNCT
fbem-29591	21	32	such	such	ADJ
fbem-29591	21	33	as	as	ADP
fbem-29591	21	34	trust	trust	NOUN
fbem-29591	21	35	deposits	deposit	NOUN
fbem-29591	21	36	,	,	PUNCT
fbem-29591	21	37	the	the	DET
fbem-29591	21	38	most	most	ADV
fbem-29591	21	39	typical	typical	ADJ
fbem-29591	21	40	example	example	NOUN
fbem-29591	21	41	of	of	ADP
fbem-29591	21	42	which	which	PRON
fbem-29591	21	43	is	be	AUX
fbem-29591	21	44	the	the	DET
fbem-29591	21	45	advance	advance	NOUN
fbem-29591	21	46	consumption	consumption	NOUN
fbem-29591	21	47	limit	limit	NOUN
fbem-29591	21	48	of	of	ADP
fbem-29591	21	49	credit	credit	NOUN
fbem-29591	21	50	cards	card	NOUN
fbem-29591	21	51	.	.	PUNCT
fbem-29591	22	1	in	in	ADP
fbem-29591	22	2	this	this	DET
fbem-29591	22	3	sense	sense	NOUN
fbem-29591	22	4	,	,	PUNCT
fbem-29591	22	5	it	it	PRON
fbem-29591	22	6	can	can	AUX
fbem-29591	22	7	be	be	AUX
fbem-29591	22	8	seen	see	VERB
fbem-29591	22	9	as	as	ADP
fbem-29591	22	10	the	the	DET
fbem-29591	22	11	sum	sum	NOUN
fbem-29591	22	12	of	of	ADP
fbem-29591	22	13	current	current	ADJ
fbem-29591	22	14	wealth	wealth	NOUN
fbem-29591	22	15	and	and	CCONJ
fbem-29591	22	16	future	future	ADJ
fbem-29591	22	17	wealth	wealth	NOUN
fbem-29591	22	18	.	.	PUNCT
fbem-29591	23	1	2	2	X
fbem-29591	23	2	.	.	X
fbem-29591	23	3	analysis	analysis	NOUN
fbem-29591	23	4	of	of	ADP
fbem-29591	23	5	the	the	DET
fbem-29591	23	6	monetary	monetary	ADJ
fbem-29591	23	7	multiplier	multipli	ADJ
fbem-29591	23	8	formula	formula	NOUN
fbem-29591	23	9	from	from	ADP
fbem-29591	23	10	the	the	DET
fbem-29591	23	11	analysis	analysis	NOUN
fbem-29591	23	12	above	above	ADV
fbem-29591	23	13	,	,	PUNCT
fbem-29591	23	14	it	it	PRON
fbem-29591	23	15	can	can	AUX
fbem-29591	23	16	be	be	AUX
fbem-29591	23	17	seen	see	VERB
fbem-29591	23	18	that	that	SCONJ
fbem-29591	23	19	the	the	DET
fbem-29591	23	20	determination	determination	NOUN
fbem-29591	23	21	of	of	ADP
fbem-29591	23	22	the	the	DET
fbem-29591	23	23	monetary	monetary	ADJ
fbem-29591	23	24	multiplier	multipli	ADJ
fbem-29591	23	25	can	can	AUX
fbem-29591	23	26	be	be	AUX
fbem-29591	23	27	derived	derive	VERB
fbem-29591	23	28	theoretically	theoretically	ADV
fbem-29591	23	29	.	.	PUNCT
fbem-29591	24	1	however	however	ADV
fbem-29591	24	2	,	,	PUNCT
fbem-29591	24	3	due	due	ADP
fbem-29591	24	4	to	to	ADP
fbem-29591	24	5	the	the	DET
fbem-29591	24	6	existence	existence	NOUN
fbem-29591	24	7	of	of	ADP
fbem-29591	24	8	some	some	DET
fbem-29591	24	9	variables	variable	NOUN
fbem-29591	24	10	that	that	PRON
fbem-29591	24	11	are	be	AUX
fbem-29591	24	12	difficult	difficult	ADJ
fbem-29591	24	13	to	to	PART
fbem-29591	24	14	observe	observe	VERB
fbem-29591	24	15	but	but	CCONJ
fbem-29591	24	16	closely	closely	ADV
fbem-29591	24	17	related	relate	VERB
fbem-29591	24	18	to	to	ADP
fbem-29591	24	19	the	the	DET
fbem-29591	24	20	determination	determination	NOUN
fbem-29591	24	21	of	of	ADP
fbem-29591	24	22	the	the	DET
fbem-29591	24	23	economic	economic	ADJ
fbem-29591	24	24	development	development	NOUN
fbem-29591	24	25	monetary	monetary	ADJ
fbem-29591	24	26	multiplier	multiplier	ADV
fbem-29591	24	27	in	in	ADP
fbem-29591	24	28	the	the	DET
fbem-29591	24	29	theoretical	theoretical	ADJ
fbem-29591	24	30	derivation	derivation	NOUN
fbem-29591	24	31	process	process	NOUN
fbem-29591	24	32	,	,	PUNCT
fbem-29591	24	33	it	it	PRON
fbem-29591	24	34	is	be	AUX
fbem-29591	24	35	difficult	difficult	ADJ
fbem-29591	24	36	89	89	NUM
fbem-29591	24	37	to	to	PART
fbem-29591	24	38	use	use	VERB
fbem-29591	24	39	theoretical	theoretical	ADJ
fbem-29591	24	40	models	model	NOUN
fbem-29591	24	41	to	to	PART
fbem-29591	24	42	calculate	calculate	VERB
fbem-29591	24	43	them	they	PRON
fbem-29591	24	44	.	.	PUNCT
fbem-29591	25	1	however	however	ADV
fbem-29591	25	2	,	,	PUNCT
fbem-29591	25	3	starting	start	VERB
fbem-29591	25	4	from	from	ADP
fbem-29591	25	5	the	the	DET
fbem-29591	25	6	definition	definition	NOUN
fbem-29591	25	7	of	of	ADP
fbem-29591	25	8	the	the	DET
fbem-29591	25	9	money	money	NOUN
fbem-29591	25	10	multiplier	multiplier	ADV
fbem-29591	25	11	,	,	PUNCT
fbem-29591	25	12	the	the	DET
fbem-29591	25	13	actual	actual	ADJ
fbem-29591	25	14	money	money	NOUN
fbem-29591	25	15	multiplier	multiplier	ADV
fbem-29591	25	16	can	can	AUX
fbem-29591	25	17	be	be	AUX
fbem-29591	25	18	estimated	estimate	VERB
fbem-29591	25	19	based	base	VERB
fbem-29591	25	20	on	on	ADP
fbem-29591	25	21	the	the	DET
fbem-29591	25	22	data	datum	NOUN
fbem-29591	25	23	that	that	PRON
fbem-29591	25	24	can	can	AUX
fbem-29591	25	25	be	be	AUX
fbem-29591	25	26	collected	collect	VERB
fbem-29591	25	27	.	.	PUNCT
fbem-29591	26	1	the	the	DET
fbem-29591	26	2	specific	specific	ADJ
fbem-29591	26	3	formula	formula	NOUN
fbem-29591	26	4	has	have	AUX
fbem-29591	26	5	been	be	AUX
fbem-29591	26	6	given	give	VERB
fbem-29591	26	7	in	in	ADP
fbem-29591	26	8	the	the	DET
fbem-29591	26	9	previous	previous	ADJ
fbem-29591	26	10	text	text	NOUN
fbem-29591	26	11	,	,	PUNCT
fbem-29591	26	12	namely	namely	ADV
fbem-29591	26	13	:	:	PUNCT
fbem-29591	26	14	this	this	DET
fbem-29591	26	15	section	section	NOUN
fbem-29591	26	16	will	will	AUX
fbem-29591	26	17	follow	follow	VERB
fbem-29591	26	18	the	the	DET
fbem-29591	26	19	approach	approach	NOUN
fbem-29591	26	20	of	of	ADP
fbem-29591	26	21	the	the	DET
fbem-29591	26	22	article	article	NOUN
fbem-29591	26	23	"	"	PUNCT
fbem-29591	26	24	research	research	NOUN
fbem-29591	26	25	on	on	ADP
fbem-29591	26	26	china	china	PROPN
fbem-29591	26	27	's	's	PART
fbem-29591	26	28	monetary	monetary	ADJ
fbem-29591	26	29	multiplier	multipli	ADJ
fbem-29591	26	30	and	and	CCONJ
fbem-29591	26	31	monetary	monetary	ADJ
fbem-29591	26	32	circulation	circulation	NOUN
fbem-29591	26	33	velocity	velocity	NOUN
fbem-29591	26	34	"	"	PUNCT
fbem-29591	26	35	(	(	PUNCT
fbem-29591	26	36	hu	hu	PROPN
fbem-29591	26	37	yuancheng	yuancheng	PROPN
fbem-29591	26	38	)	)	PUNCT
fbem-29591	26	39	,	,	PUNCT
fbem-29591	26	40	and	and	CCONJ
fbem-29591	26	41	analyze	analyze	VERB
fbem-29591	26	42	the	the	DET
fbem-29591	26	43	monetary	monetary	ADJ
fbem-29591	26	44	multiplier	multiplier	ADV
fbem-29591	26	45	from	from	ADP
fbem-29591	26	46	two	two	NUM
fbem-29591	26	47	aspects	aspect	NOUN
fbem-29591	26	48	:	:	PUNCT
fbem-29591	26	49	trend	trend	NOUN
fbem-29591	26	50	analysis	analysis	NOUN
fbem-29591	26	51	and	and	CCONJ
fbem-29591	26	52	factor	factor	NOUN
fbem-29591	26	53	analysis	analysis	NOUN
fbem-29591	26	54	,	,	PUNCT
fbem-29591	26	55	and	and	CCONJ
fbem-29591	26	56	add	add	VERB
fbem-29591	26	57	fitting	fitting	ADJ
fbem-29591	26	58	regression	regression	NOUN
fbem-29591	26	59	as	as	ADP
fbem-29591	26	60	an	an	DET
fbem-29591	26	61	innovative	innovative	ADJ
fbem-29591	26	62	point	point	NOUN
fbem-29591	26	63	.	.	PUNCT
fbem-29591	27	1	in	in	ADP
fbem-29591	27	2	addition	addition	NOUN
fbem-29591	27	3	,	,	PUNCT
fbem-29591	27	4	the	the	DET
fbem-29591	27	5	data	datum	NOUN
fbem-29591	27	6	used	use	VERB
fbem-29591	27	7	in	in	ADP
fbem-29591	27	8	this	this	DET
fbem-29591	27	9	article	article	NOUN
fbem-29591	27	10	comes	come	VERB
fbem-29591	27	11	from	from	ADP
fbem-29591	27	12	the	the	DET
fbem-29591	27	13	ruisi	ruisi	ADJ
fbem-29591	27	14	database	database	NOUN
fbem-29591	27	15	and	and	CCONJ
fbem-29591	27	16	the	the	DET
fbem-29591	27	17	guotai	guotai	NOUN
fbem-29591	27	18	an	an	DET
fbem-29591	27	19	database	database	NOUN
fbem-29591	27	20	.	.	PUNCT
fbem-29591	28	1	as	as	ADP
fbem-29591	28	2	the	the	DET
fbem-29591	28	3	frequency	frequency	NOUN
fbem-29591	28	4	of	of	ADP
fbem-29591	28	5	statistical	statistical	ADJ
fbem-29591	28	6	publication	publication	NOUN
fbem-29591	28	7	of	of	ADP
fbem-29591	28	8	relevant	relevant	ADJ
fbem-29591	28	9	data	datum	NOUN
fbem-29591	28	10	changes	change	NOUN
fbem-29591	28	11	over	over	ADP
fbem-29591	28	12	time	time	NOUN
fbem-29591	28	13	,	,	PUNCT
fbem-29591	28	14	specific	specific	ADJ
fbem-29591	28	15	information	information	NOUN
fbem-29591	28	16	about	about	ADP
fbem-29591	28	17	the	the	DET
fbem-29591	28	18	data	datum	NOUN
fbem-29591	28	19	will	will	AUX
fbem-29591	28	20	be	be	AUX
fbem-29591	28	21	explained	explain	VERB
fbem-29591	28	22	when	when	SCONJ
fbem-29591	28	23	using	use	VERB
fbem-29591	28	24	it	it	PRON
fbem-29591	28	25	.	.	PUNCT
fbem-29591	29	1	3	3	X
fbem-29591	29	2	.	.	NOUN
fbem-29591	29	3	trend	trend	NOUN
fbem-29591	29	4	analysis	analysis	NOUN
fbem-29591	29	5	of	of	ADP
fbem-29591	29	6	monetary	monetary	ADJ
fbem-29591	29	7	multiplier	multipli	ADJ
fbem-29591	29	8	draw	draw	VERB
fbem-29591	29	9	and	and	CCONJ
fbem-29591	29	10	analyze	analyze	VERB
fbem-29591	29	11	the	the	DET
fbem-29591	29	12	process	process	NOUN
fbem-29591	29	13	and	and	CCONJ
fbem-29591	29	14	final	final	ADJ
fbem-29591	29	15	results	result	NOUN
fbem-29591	29	16	of	of	ADP
fbem-29591	29	17	obtaining	obtain	VERB
fbem-29591	29	18	specific	specific	ADJ
fbem-29591	29	19	m1	m1	NOUN
fbem-29591	29	20	and	and	CCONJ
fbem-29591	29	21	m2	m2	PROPN
fbem-29591	29	22	from	from	ADP
fbem-29591	29	23	the	the	DET
fbem-29591	29	24	definition	definition	NOUN
fbem-29591	29	25	formula	formula	NOUN
fbem-29591	29	26	in	in	ADP
fbem-29591	29	27	the	the	DET
fbem-29591	29	28	previous	previous	ADJ
fbem-29591	29	29	text	text	NOUN
fbem-29591	29	30	,	,	PUNCT
fbem-29591	29	31	and	and	CCONJ
fbem-29591	29	32	compare	compare	VERB
fbem-29591	29	33	them	they	PRON
fbem-29591	29	34	with	with	ADP
fbem-29591	29	35	the	the	DET
fbem-29591	29	36	currency	currency	NOUN
fbem-29591	29	37	multiplication	multiplication	NOUN
fbem-29591	29	38	values	value	NOUN
fbem-29591	29	39	of	of	ADP
fbem-29591	29	40	other	other	ADJ
fbem-29591	29	41	countries	country	NOUN
fbem-29591	29	42	to	to	PART
fbem-29591	29	43	provide	provide	VERB
fbem-29591	29	44	possible	possible	ADJ
fbem-29591	29	45	reasons	reason	NOUN
fbem-29591	29	46	.	.	PUNCT
fbem-29591	30	1	3.1	3.1	NUM
fbem-29591	30	2	.	.	PUNCT
fbem-29591	30	3	monetary	monetary	ADJ
fbem-29591	30	4	trend	trend	NOUN
fbem-29591	30	5	the	the	DET
fbem-29591	30	6	base	base	NOUN
fbem-29591	30	7	currency	currency	NOUN
fbem-29591	30	8	,	,	PUNCT
fbem-29591	30	9	also	also	ADV
fbem-29591	30	10	known	know	VERB
fbem-29591	30	11	as	as	ADP
fbem-29591	30	12	m0	m0	NOUN
fbem-29591	30	13	,	,	PUNCT
fbem-29591	30	14	is	be	AUX
fbem-29591	30	15	cash	cash	NOUN
fbem-29591	30	16	circulating	circulate	VERB
fbem-29591	30	17	outside	outside	ADP
fbem-29591	30	18	the	the	DET
fbem-29591	30	19	banking	banking	NOUN
fbem-29591	30	20	system	system	NOUN
fbem-29591	30	21	and	and	CCONJ
fbem-29591	30	22	is	be	AUX
fbem-29591	30	23	the	the	DET
fbem-29591	30	24	most	most	ADV
fbem-29591	30	25	liquid	liquid	ADJ
fbem-29591	30	26	part	part	NOUN
fbem-29591	30	27	of	of	ADP
fbem-29591	30	28	the	the	DET
fbem-29591	30	29	currency	currency	NOUN
fbem-29591	30	30	composition	composition	NOUN
fbem-29591	30	31	.	.	PUNCT
fbem-29591	31	1	this	this	DET
fbem-29591	31	2	paper	paper	NOUN
fbem-29591	31	3	collects	collect	VERB
fbem-29591	31	4	the	the	DET
fbem-29591	31	5	basic	basic	ADJ
fbem-29591	31	6	currency	currency	NOUN
fbem-29591	31	7	information	information	NOUN
fbem-29591	31	8	released	release	VERB
fbem-29591	31	9	by	by	ADP
fbem-29591	31	10	the	the	DET
fbem-29591	31	11	people	people	NOUN
fbem-29591	31	12	's	's	PART
fbem-29591	31	13	bank	bank	PROPN
fbem-29591	31	14	of	of	ADP
fbem-29591	31	15	china	china	PROPN
fbem-29591	31	16	and	and	CCONJ
fbem-29591	31	17	collated	collate	VERB
fbem-29591	31	18	by	by	ADP
fbem-29591	31	19	the	the	DET
fbem-29591	31	20	ruisi	ruisi	VERB
fbem-29591	31	21	database	database	NOUN
fbem-29591	31	22	.	.	PUNCT
fbem-29591	32	1	and	and	CCONJ
fbem-29591	32	2	the	the	DET
fbem-29591	32	3	time	time	NOUN
fbem-29591	32	4	span	span	NOUN
fbem-29591	32	5	of	of	ADP
fbem-29591	32	6	this	this	DET
fbem-29591	32	7	article	article	NOUN
fbem-29591	32	8	has	have	AUX
fbem-29591	32	9	chosen	choose	VERB
fbem-29591	32	10	all	all	DET
fbem-29591	32	11	data	datum	NOUN
fbem-29591	32	12	since	since	SCONJ
fbem-29591	32	13	the	the	DET
fbem-29591	32	14	new	new	ADJ
fbem-29591	32	15	century	century	NOUN
fbem-29591	32	16	,	,	PUNCT
fbem-29591	32	17	from	from	ADP
fbem-29591	32	18	2000	2000	NUM
fbem-29591	32	19	to	to	ADP
fbem-29591	32	20	2023	2023	NUM
fbem-29591	32	21	.	.	PUNCT
fbem-29591	33	1	some	some	PRON
fbem-29591	33	2	of	of	ADP
fbem-29591	33	3	the	the	DET
fbem-29591	33	4	data	data	NOUN
fbem-29591	33	5	is	be	AUX
fbem-29591	33	6	quarterly	quarterly	ADJ
fbem-29591	33	7	,	,	PUNCT
fbem-29591	33	8	such	such	ADJ
fbem-29591	33	9	as	as	ADP
fbem-29591	33	10	the	the	DET
fbem-29591	33	11	reserve	reserve	PROPN
fbem-29591	33	12	requirement	requirement	NOUN
fbem-29591	33	13	ratio	ratio	NOUN
fbem-29591	33	14	;	;	PUNCT
fbem-29591	33	15	part	part	NOUN
fbem-29591	33	16	of	of	ADP
fbem-29591	33	17	the	the	DET
fbem-29591	33	18	data	data	NOUN
fbem-29591	33	19	is	be	AUX
fbem-29591	33	20	irregular	irregular	ADJ
fbem-29591	33	21	data	datum	NOUN
fbem-29591	33	22	,	,	PUNCT
fbem-29591	33	23	such	such	ADJ
fbem-29591	33	24	as	as	ADP
fbem-29591	33	25	the	the	DET
fbem-29591	33	26	excess	excess	ADJ
fbem-29591	33	27	reserve	reserve	NOUN
fbem-29591	33	28	requirement	requirement	NOUN
fbem-29591	33	29	ratio	ratio	NOUN
fbem-29591	33	30	,	,	PUNCT
fbem-29591	33	31	which	which	PRON
fbem-29591	33	32	has	have	AUX
fbem-29591	33	33	been	be	AUX
fbem-29591	33	34	processed	process	VERB
fbem-29591	33	35	into	into	ADP
fbem-29591	33	36	monthly	monthly	ADJ
fbem-29591	33	37	data	datum	NOUN
fbem-29591	33	38	.	.	PUNCT
fbem-29591	34	1	figure	figure	NOUN
fbem-29591	34	2	1	1	NUM
fbem-29591	34	3	.	.	NOUN
fbem-29591	34	4	trend	trend	NOUN
fbem-29591	34	5	of	of	ADP
fbem-29591	34	6	monetary	monetary	NOUN
fbem-29591	34	7	as	as	SCONJ
fbem-29591	34	8	shown	show	VERB
fbem-29591	34	9	in	in	ADP
fbem-29591	34	10	figure	figure	NOUN
fbem-29591	34	11	1	1	NUM
fbem-29591	34	12	,	,	PUNCT
fbem-29591	34	13	it	it	PRON
fbem-29591	34	14	can	can	AUX
fbem-29591	34	15	be	be	AUX
fbem-29591	34	16	seen	see	VERB
fbem-29591	34	17	that	that	SCONJ
fbem-29591	34	18	from	from	ADP
fbem-29591	34	19	the	the	DET
fbem-29591	34	20	beginning	beginning	NOUN
fbem-29591	34	21	of	of	ADP
fbem-29591	34	22	2000	2000	NUM
fbem-29591	34	23	to	to	ADP
fbem-29591	34	24	the	the	DET
fbem-29591	34	25	end	end	NOUN
fbem-29591	34	26	of	of	ADP
fbem-29591	34	27	2023	2023	NUM
fbem-29591	34	28	,	,	PUNCT
fbem-29591	34	29	the	the	DET
fbem-29591	34	30	basic	basic	ADJ
fbem-29591	34	31	money	money	NOUN
fbem-29591	34	32	supply	supply	NOUN
fbem-29591	34	33	,	,	PUNCT
fbem-29591	34	34	narrow	narrow	ADJ
fbem-29591	34	35	money	money	NOUN
fbem-29591	34	36	supply	supply	NOUN
fbem-29591	34	37	,	,	PUNCT
fbem-29591	34	38	and	and	CCONJ
fbem-29591	34	39	broad	broad	ADJ
fbem-29591	34	40	money	money	NOUN
fbem-29591	34	41	supply	supply	NOUN
fbem-29591	34	42	have	have	AUX
fbem-29591	34	43	all	all	PRON
fbem-29591	34	44	been	be	AUX
fbem-29591	34	45	on	on	ADP
fbem-29591	34	46	the	the	DET
fbem-29591	34	47	rise	rise	NOUN
fbem-29591	34	48	,	,	PUNCT
fbem-29591	34	49	and	and	CCONJ
fbem-29591	34	50	it	it	PRON
fbem-29591	34	51	can	can	AUX
fbem-29591	34	52	be	be	AUX
fbem-29591	34	53	clearly	clearly	ADV
fbem-29591	34	54	observed	observe	VERB
fbem-29591	34	55	that	that	SCONJ
fbem-29591	34	56	their	their	PRON
fbem-29591	34	57	growth	growth	NOUN
fbem-29591	34	58	rates	rate	NOUN
fbem-29591	34	59	have	have	AUX
fbem-29591	34	60	been	be	AUX
fbem-29591	34	61	in	in	ADP
fbem-29591	34	62	a	a	DET
fbem-29591	34	63	high	high	ADJ
fbem-29591	34	64	state	state	NOUN
fbem-29591	34	65	.	.	PUNCT
fbem-29591	35	1	however	however	ADV
fbem-29591	35	2	,	,	PUNCT
fbem-29591	35	3	there	there	PRON
fbem-29591	35	4	was	be	VERB
fbem-29591	35	5	a	a	DET
fbem-29591	35	6	significant	significant	ADJ
fbem-29591	35	7	growth	growth	NOUN
fbem-29591	35	8	stagnation	stagnation	NOUN
fbem-29591	35	9	in	in	ADP
fbem-29591	35	10	the	the	DET
fbem-29591	35	11	basic	basic	ADJ
fbem-29591	35	12	money	money	NOUN
fbem-29591	35	13	supply	supply	NOUN
fbem-29591	35	14	and	and	CCONJ
fbem-29591	35	15	narrow	narrow	ADJ
fbem-29591	35	16	money	money	NOUN
fbem-29591	35	17	supply	supply	NOUN
fbem-29591	35	18	in	in	ADP
fbem-29591	35	19	2008	2008	NUM
fbem-29591	35	20	.	.	PUNCT
fbem-29591	36	1	3.2	3.2	NUM
fbem-29591	36	2	.	.	PUNCT
fbem-29591	36	3	trend	trend	NOUN
fbem-29591	36	4	of	of	ADP
fbem-29591	36	5	domestic	domestic	ADJ
fbem-29591	36	6	currency	currency	NOUN
fbem-29591	36	7	multiplier	multipli	ADJ
fbem-29591	36	8	figure	figure	NOUN
fbem-29591	36	9	2	2	NUM
fbem-29591	36	10	.	.	NOUN
fbem-29591	36	11	trend	trend	NOUN
fbem-29591	36	12	of	of	ADP
fbem-29591	36	13	domestic	domestic	ADJ
fbem-29591	36	14	currency	currency	NOUN
fbem-29591	36	15	multiplier	multiplier	ADV
fbem-29591	36	16	by	by	ADP
fbem-29591	36	17	inputting	inputte	VERB
fbem-29591	36	18	this	this	DET
fbem-29591	36	19	data	datum	NOUN
fbem-29591	36	20	into	into	ADP
fbem-29591	36	21	the	the	DET
fbem-29591	36	22	formula	formula	NOUN
fbem-29591	36	23	for	for	ADP
fbem-29591	36	24	calculating	calculate	VERB
fbem-29591	36	25	the	the	DET
fbem-29591	36	26	monetary	monetary	ADJ
fbem-29591	36	27	multiplier	multipli	ADJ
fbem-29591	36	28	,	,	PUNCT
fbem-29591	36	29	their	their	PRON
fbem-29591	36	30	true	true	ADJ
fbem-29591	36	31	values	value	NOUN
fbem-29591	36	32	can	can	AUX
fbem-29591	36	33	be	be	AUX
fbem-29591	36	34	obtained	obtain	VERB
fbem-29591	36	35	.	.	PUNCT
fbem-29591	37	1	as	as	SCONJ
fbem-29591	37	2	shown	show	VERB
fbem-29591	37	3	in	in	ADP
fbem-29591	37	4	figure	figure	NOUN
fbem-29591	37	5	2	2	NUM
fbem-29591	37	6	,	,	PUNCT
fbem-29591	37	7	it	it	PRON
fbem-29591	37	8	showed	show	VERB
fbem-29591	37	9	an	an	DET
fbem-29591	37	10	upward	upward	ADJ
fbem-29591	37	11	trend	trend	NOUN
fbem-29591	37	12	from	from	ADP
fbem-29591	37	13	2000	2000	NUM
fbem-29591	37	14	to	to	ADP
fbem-29591	37	15	2007	2007	NUM
fbem-29591	37	16	,	,	PUNCT
fbem-29591	37	17	a	a	DET
fbem-29591	37	18	fluctuating	fluctuate	VERB
fbem-29591	37	19	downward	downward	ADJ
fbem-29591	37	20	trend	trend	NOUN
fbem-29591	37	21	from	from	ADP
fbem-29591	37	22	2008	2008	NUM
fbem-29591	37	23	to	to	ADP
fbem-29591	37	24	2016	2016	NUM
fbem-29591	37	25	,	,	PUNCT
fbem-29591	37	26	and	and	CCONJ
fbem-29591	37	27	a	a	DET
fbem-29591	37	28	rapid	rapid	ADJ
fbem-29591	37	29	upward	upward	ADJ
fbem-29591	37	30	trend	trend	NOUN
fbem-29591	37	31	from	from	ADP
fbem-29591	37	32	2016	2016	NUM
fbem-29591	37	33	to	to	PART
fbem-29591	37	34	present	present	VERB
fbem-29591	37	35	;	;	PUNCT
fbem-29591	37	36	in	in	ADP
fbem-29591	37	37	presenting	present	VERB
fbem-29591	37	38	similar	similar	ADJ
fbem-29591	37	39	trends	trend	NOUN
fbem-29591	37	40	,	,	PUNCT
fbem-29591	37	41	the	the	DET
fbem-29591	37	42	important	important	ADJ
fbem-29591	37	43	turning	turning	NOUN
fbem-29591	37	44	points	point	NOUN
fbem-29591	37	45	also	also	ADV
fbem-29591	37	46	tend	tend	VERB
fbem-29591	37	47	to	to	PART
fbem-29591	37	48	be	be	AUX
fbem-29591	37	49	consistent	consistent	ADJ
fbem-29591	37	50	,	,	PUNCT
fbem-29591	37	51	but	but	CCONJ
fbem-29591	37	52	the	the	DET
fbem-29591	37	53	values	value	NOUN
fbem-29591	37	54	have	have	AUX
fbem-29591	37	55	always	always	ADV
fbem-29591	37	56	been	be	AUX
fbem-29591	37	57	higher	high	ADJ
fbem-29591	37	58	than	than	ADP
fbem-29591	37	59	the	the	DET
fbem-29591	37	60	narrow	narrow	ADJ
fbem-29591	37	61	money	money	NOUN
fbem-29591	37	62	multiplier	multiplier	ADV
fbem-29591	37	63	,	,	PUNCT
fbem-29591	37	64	because	because	SCONJ
fbem-29591	37	65	the	the	DET
fbem-29591	37	66	broad	broad	ADJ
fbem-29591	37	67	money	money	NOUN
fbem-29591	37	68	multiplier	multiplier	ADV
fbem-29591	37	69	,	,	PUNCT
fbem-29591	37	70	by	by	ADP
fbem-29591	37	71	definition	definition	NOUN
fbem-29591	37	72	,	,	PUNCT
fbem-29591	37	73	includes	include	VERB
fbem-29591	37	74	more	more	ADJ
fbem-29591	37	75	money	money	NOUN
fbem-29591	37	76	than	than	SCONJ
fbem-29591	37	77	the	the	DET
fbem-29591	37	78	narrow	narrow	ADJ
fbem-29591	37	79	money	money	NOUN
fbem-29591	37	80	multiplier	multiplier	ADV
fbem-29591	37	81	.	.	PUNCT
fbem-29591	38	1	after	after	ADP
fbem-29591	38	2	analyzing	analyze	VERB
fbem-29591	38	3	this	this	PRON
fbem-29591	38	4	,	,	PUNCT
fbem-29591	38	5	the	the	DET
fbem-29591	38	6	following	follow	VERB
fbem-29591	38	7	conjecture	conjecture	NOUN
fbem-29591	38	8	was	be	AUX
fbem-29591	38	9	obtained	obtain	VERB
fbem-29591	38	10	:	:	PUNCT
fbem-29591	38	11	with	with	ADP
fbem-29591	38	12	the	the	DET
fbem-29591	38	13	continuous	continuous	ADJ
fbem-29591	38	14	development	development	NOUN
fbem-29591	38	15	of	of	ADP
fbem-29591	38	16	the	the	DET
fbem-29591	38	17	economy	economy	NOUN
fbem-29591	38	18	,	,	PUNCT
fbem-29591	38	19	the	the	DET
fbem-29591	38	20	money	money	NOUN
fbem-29591	38	21	multiplier	multiplier	ADV
fbem-29591	38	22	generally	generally	ADV
fbem-29591	38	23	shows	show	VERB
fbem-29591	38	24	an	an	DET
fbem-29591	38	25	upward	upward	ADJ
fbem-29591	38	26	trend	trend	NOUN
fbem-29591	38	27	.	.	PUNCT
fbem-29591	39	1	4	4	X
fbem-29591	39	2	.	.	NOUN
fbem-29591	39	3	trend	trend	NOUN
fbem-29591	39	4	of	of	ADP
fbem-29591	39	5	us	we	PRON
fbem-29591	39	6	monetary	monetary	ADJ
fbem-29591	39	7	multiplier	multiplier	ADV
fbem-29591	39	8	before	before	ADP
fbem-29591	39	9	comparing	compare	VERB
fbem-29591	39	10	the	the	DET
fbem-29591	39	11	trends	trend	NOUN
fbem-29591	39	12	of	of	ADP
fbem-29591	39	13	money	money	NOUN
fbem-29591	39	14	multipliers	multiplier	NOUN
fbem-29591	39	15	in	in	ADP
fbem-29591	39	16	the	the	DET
fbem-29591	39	17	united	united	PROPN
fbem-29591	39	18	states	states	PROPN
fbem-29591	39	19	and	and	CCONJ
fbem-29591	39	20	china	china	PROPN
fbem-29591	39	21	,	,	PUNCT
fbem-29591	39	22	some	some	DET
fbem-29591	39	23	magical	magical	ADJ
fbem-29591	39	24	phenomena	phenomenon	NOUN
fbem-29591	39	25	can	can	AUX
fbem-29591	39	26	be	be	AUX
fbem-29591	39	27	observed	observe	VERB
fbem-29591	39	28	by	by	ADP
fbem-29591	39	29	observing	observe	VERB
fbem-29591	39	30	the	the	PRON
fbem-29591	39	31	us	us	PROPN
fbem-29591	39	32	money	money	NOUN
fbem-29591	39	33	multiplier	multiplier	ADV
fbem-29591	39	34	,	,	PUNCT
fbem-29591	39	35	namely	namely	ADV
fbem-29591	39	36	the	the	DET
fbem-29591	39	37	occurrence	occurrence	NOUN
fbem-29591	39	38	of	of	ADP
fbem-29591	39	39	m1	m1	PROPN
fbem-29591	39	40	being	be	AUX
fbem-29591	39	41	less	less	ADJ
fbem-29591	39	42	than	than	ADP
fbem-29591	39	43	1	1	NUM
fbem-29591	39	44	.	.	PUNCT
fbem-29591	40	1	this	this	PRON
fbem-29591	40	2	may	may	AUX
fbem-29591	40	3	not	not	PART
fbem-29591	40	4	seem	seem	VERB
fbem-29591	40	5	reasonable	reasonable	ADJ
fbem-29591	40	6	,	,	PUNCT
fbem-29591	40	7	but	but	CCONJ
fbem-29591	40	8	the	the	DET
fbem-29591	40	9	data	data	NOUN
fbem-29591	40	10	does	do	AUX
fbem-29591	40	11	show	show	VERB
fbem-29591	40	12	this	this	DET
fbem-29591	40	13	situation	situation	NOUN
fbem-29591	40	14	.	.	PUNCT
fbem-29591	41	1	after	after	ADP
fbem-29591	41	2	analysis	analysis	NOUN
fbem-29591	41	3	,	,	PUNCT
fbem-29591	41	4	this	this	DET
fbem-29591	41	5	article	article	NOUN
fbem-29591	41	6	believes	believe	VERB
fbem-29591	41	7	that	that	SCONJ
fbem-29591	41	8	it	it	PRON
fbem-29591	41	9	may	may	AUX
fbem-29591	41	10	be	be	AUX
fbem-29591	41	11	because	because	SCONJ
fbem-29591	41	12	around	around	ADV
fbem-29591	41	13	2013	2013	NUM
fbem-29591	41	14	,	,	PUNCT
fbem-29591	41	15	the	the	DET
fbem-29591	41	16	united	united	PROPN
fbem-29591	41	17	states	states	PROPN
fbem-29591	41	18	no	no	ADV
fbem-29591	41	19	longer	long	ADV
fbem-29591	41	20	used	use	VERB
fbem-29591	41	21	the	the	DET
fbem-29591	41	22	total	total	ADJ
fbem-29591	41	23	amount	amount	NOUN
fbem-29591	41	24	of	of	ADP
fbem-29591	41	25	money	money	NOUN
fbem-29591	41	26	as	as	ADP
fbem-29591	41	27	the	the	DET
fbem-29591	41	28	central	central	ADJ
fbem-29591	41	29	bank	bank	NOUN
fbem-29591	41	30	's	's	PART
fbem-29591	41	31	fixed	fix	VERB
fbem-29591	41	32	target	target	NOUN
fbem-29591	41	33	when	when	SCONJ
fbem-29591	41	34	implementing	implement	VERB
fbem-29591	41	35	monetary	monetary	ADJ
fbem-29591	41	36	policy	policy	NOUN
fbem-29591	41	37	in	in	ADP
fbem-29591	41	38	fact	fact	NOUN
fbem-29591	41	39	,	,	PUNCT
fbem-29591	41	40	the	the	DET
fbem-29591	41	41	united	united	PROPN
fbem-29591	41	42	states	states	PROPN
fbem-29591	41	43	had	have	AUX
fbem-29591	41	44	already	already	ADV
fbem-29591	41	45	abandoned	abandon	VERB
fbem-29591	41	46	the	the	DET
fbem-29591	41	47	total	total	ADJ
fbem-29591	41	48	amount	amount	NOUN
fbem-29591	41	49	of	of	ADP
fbem-29591	41	50	money	money	NOUN
fbem-29591	41	51	in	in	ADP
fbem-29591	41	52	the	the	DET
fbem-29591	41	53	mid-1970s	mid-1970	NOUN
fbem-29591	41	54	and	and	CCONJ
fbem-29591	41	55	chose	choose	VERB
fbem-29591	41	56	the	the	DET
fbem-29591	41	57	federal	federal	ADJ
fbem-29591	41	58	funds	fund	NOUN
fbem-29591	41	59	rate	rate	NOUN
fbem-29591	41	60	as	as	ADP
fbem-29591	41	61	the	the	DET
fbem-29591	41	62	intermediate	intermediate	ADJ
fbem-29591	41	63	target	target	NOUN
fbem-29591	41	64	of	of	ADP
fbem-29591	41	65	monetary	monetary	ADJ
fbem-29591	41	66	policy	policy	NOUN
fbem-29591	41	67	;	;	PUNCT
fbem-29591	41	68	in	in	ADP
fbem-29591	41	69	recent	recent	ADJ
fbem-29591	41	70	years	year	NOUN
fbem-29591	41	71	,	,	PUNCT
fbem-29591	41	72	the	the	DET
fbem-29591	41	73	shadow	shadow	NOUN
fbem-29591	41	74	banking	banking	NOUN
fbem-29591	41	75	system	system	NOUN
fbem-29591	41	76	has	have	AUX
fbem-29591	41	77	played	play	VERB
fbem-29591	41	78	an	an	DET
fbem-29591	41	79	increasingly	increasingly	ADV
fbem-29591	41	80	important	important	ADJ
fbem-29591	41	81	role	role	NOUN
fbem-29591	41	82	in	in	ADP
fbem-29591	41	83	the	the	DET
fbem-29591	41	84	entire	entire	ADJ
fbem-29591	41	85	financial	financial	ADJ
fbem-29591	41	86	system	system	NOUN
fbem-29591	41	87	.	.	PUNCT
fbem-29591	42	1	perhaps	perhaps	ADV
fbem-29591	42	2	the	the	DET
fbem-29591	42	3	combined	combined	ADJ
fbem-29591	42	4	effect	effect	NOUN
fbem-29591	42	5	of	of	ADP
fbem-29591	42	6	these	these	DET
fbem-29591	42	7	factors	factor	NOUN
fbem-29591	42	8	has	have	AUX
fbem-29591	42	9	led	lead	VERB
fbem-29591	42	10	to	to	ADP
fbem-29591	42	11	a	a	DET
fbem-29591	42	12	situation	situation	NOUN
fbem-29591	42	13	where	where	SCONJ
fbem-29591	42	14	the	the	DET
fbem-29591	42	15	money	money	NOUN
fbem-29591	42	16	multiplier	multiplier	ADV
fbem-29591	42	17	is	be	AUX
fbem-29591	42	18	less	less	ADJ
fbem-29591	42	19	than	than	ADP
fbem-29591	42	20	1	1	NUM
fbem-29591	42	21	.	.	PUNCT
fbem-29591	42	22	comparing	compare	VERB
fbem-29591	42	23	the	the	DET
fbem-29591	42	24	data	datum	NOUN
fbem-29591	42	25	between	between	ADP
fbem-29591	42	26	china	china	PROPN
fbem-29591	42	27	and	and	CCONJ
fbem-29591	42	28	the	the	DET
fbem-29591	42	29	united	united	PROPN
fbem-29591	42	30	states	states	PROPN
fbem-29591	42	31	,	,	PUNCT
fbem-29591	42	32	it	it	PRON
fbem-29591	42	33	can	can	AUX
fbem-29591	42	34	be	be	AUX
fbem-29591	42	35	seen	see	VERB
fbem-29591	42	36	that	that	SCONJ
fbem-29591	42	37	after	after	ADP
fbem-29591	42	38	the	the	DET
fbem-29591	42	39	new	new	ADJ
fbem-29591	42	40	century	century	NOUN
fbem-29591	42	41	,	,	PUNCT
fbem-29591	42	42	the	the	DET
fbem-29591	42	43	specific	specific	ADJ
fbem-29591	42	44	value	value	NOUN
fbem-29591	42	45	of	of	ADP
fbem-29591	42	46	china	china	PROPN
fbem-29591	42	47	's	's	PART
fbem-29591	42	48	monetary	monetary	ADJ
fbem-29591	42	49	multiplier	multiplier	ADV
fbem-29591	42	50	gradually	gradually	ADV
fbem-29591	42	51	surpassed	surpass	VERB
fbem-29591	42	52	that	that	PRON
fbem-29591	42	53	of	of	ADP
fbem-29591	42	54	the	the	DET
fbem-29591	42	55	united	united	PROPN
fbem-29591	42	56	states	states	PROPN
fbem-29591	42	57	,	,	PUNCT
fbem-29591	42	58	and	and	CCONJ
fbem-29591	42	59	china	china	PROPN
fbem-29591	42	60	's	's	PART
fbem-29591	42	61	stability	stability	NOUN
fbem-29591	42	62	is	be	AUX
fbem-29591	42	63	better	well	ADJ
fbem-29591	42	64	than	than	ADP
fbem-29591	42	65	that	that	PRON
fbem-29591	42	66	of	of	ADP
fbem-29591	42	67	the	the	DET
fbem-29591	42	68	united	united	PROPN
fbem-29591	42	69	states	states	PROPN
fbem-29591	42	70	.	.	PUNCT
fbem-29591	43	1	on	on	ADP
fbem-29591	43	2	the	the	DET
fbem-29591	43	3	other	other	ADJ
fbem-29591	43	4	hand	hand	NOUN
fbem-29591	43	5	,	,	PUNCT
fbem-29591	43	6	this	this	PRON
fbem-29591	43	7	also	also	ADV
fbem-29591	43	8	reveals	reveal	VERB
fbem-29591	43	9	some	some	DET
fbem-29591	43	10	trends	trend	NOUN
fbem-29591	43	11	in	in	ADP
fbem-29591	43	12	the	the	DET
fbem-29591	43	13	future	future	NOUN
fbem-29591	43	14	of	of	ADP
fbem-29591	43	15	china	china	PROPN
fbem-29591	43	16	's	's	PART
fbem-29591	43	17	monetary	monetary	ADJ
fbem-29591	43	18	multiplier	multiplier	NOUN
fbem-29591	43	19	.	.	PUNCT
fbem-29591	44	1	as	as	SCONJ
fbem-29591	44	2	china	china	PROPN
fbem-29591	44	3	gradually	gradually	ADV
fbem-29591	44	4	abandons	abandon	VERB
fbem-29591	44	5	the	the	DET
fbem-29591	44	6	total	total	ADJ
fbem-29591	44	7	amount	amount	NOUN
fbem-29591	44	8	of	of	ADP
fbem-29591	44	9	money	money	NOUN
fbem-29591	44	10	as	as	ADP
fbem-29591	44	11	the	the	DET
fbem-29591	44	12	target	target	NOUN
fbem-29591	44	13	of	of	ADP
fbem-29591	44	14	monetary	monetary	ADJ
fbem-29591	44	15	policy	policy	NOUN
fbem-29591	44	16	and	and	CCONJ
fbem-29591	44	17	vigorously	vigorously	ADV
fbem-29591	44	18	develops	develop	VERB
fbem-29591	44	19	interest	interest	NOUN
fbem-29591	44	20	rate	rate	NOUN
fbem-29591	44	21	marketization	marketization	NOUN
fbem-29591	44	22	,	,	PUNCT
fbem-29591	44	23	the	the	DET
fbem-29591	44	24	monetary	monetary	ADJ
fbem-29591	44	25	multiplier	multiplier	ADV
fbem-29591	44	26	in	in	ADP
fbem-29591	44	27	china	china	PROPN
fbem-29591	44	28	may	may	AUX
fbem-29591	44	29	also	also	ADV
fbem-29591	44	30	experience	experience	VERB
fbem-29591	44	31	significant	significant	ADJ
fbem-29591	44	32	fluctuations	fluctuation	NOUN
fbem-29591	44	33	below	below	ADP
fbem-29591	44	34	1	1	NUM
fbem-29591	44	35	.	.	PUNCT
fbem-29591	45	1	this	this	PRON
fbem-29591	45	2	may	may	AUX
fbem-29591	45	3	lead	lead	VERB
fbem-29591	45	4	to	to	ADP
fbem-29591	45	5	a	a	DET
fbem-29591	45	6	series	series	NOUN
fbem-29591	45	7	of	of	ADP
fbem-29591	45	8	related	related	ADJ
fbem-29591	45	9	issues	issue	NOUN
fbem-29591	45	10	that	that	PRON
fbem-29591	45	11	require	require	VERB
fbem-29591	45	12	further	further	ADJ
fbem-29591	45	13	research	research	NOUN
fbem-29591	45	14	.	.	PUNCT
fbem-29591	46	1	5	5	X
fbem-29591	46	2	.	.	X
fbem-29591	46	3	factor	factor	NOUN
fbem-29591	46	4	analysis	analysis	NOUN
fbem-29591	46	5	of	of	ADP
fbem-29591	46	6	monetary	monetary	ADJ
fbem-29591	46	7	multiplier	multipli	ADJ
fbem-29591	46	8	by	by	ADP
fbem-29591	46	9	extending	extend	VERB
fbem-29591	46	10	the	the	DET
fbem-29591	46	11	determination	determination	NOUN
fbem-29591	46	12	equation	equation	NOUN
fbem-29591	46	13	of	of	ADP
fbem-29591	46	14	the	the	DET
fbem-29591	46	15	monetary	monetary	ADJ
fbem-29591	46	16	90	90	NUM
fbem-29591	46	17	multiplier	multiplier	ADV
fbem-29591	46	18	mentioned	mention	VERB
fbem-29591	46	19	earlier	early	ADV
fbem-29591	46	20	,	,	PUNCT
fbem-29591	46	21	we	we	PRON
fbem-29591	46	22	obtain	obtain	VERB
fbem-29591	46	23	:	:	PUNCT
fbem-29591	46	24	rtk	rtk	PROPN
fbem-29591	46	25	k	k	PROPN
fbem-29591	47	1	b	b	PROPN
fbem-29591	47	2	m	m	VERB
fbem-29591	47	3	m	m	VERB
fbem-29591	47	4	)	)	PUNCT
fbem-29591	47	5	1	1	NUM
fbem-29591	47	6	(	(	PUNCT
fbem-29591	47	7	1	1	NUM
fbem-29591	47	8	1	1	NUM
fbem-29591	47	9	1	1	NUM
fbem-29591	47	10	+	+	NOUN
fbem-29591	47	11	+	+	ADJ
fbem-29591	47	12	+	+	ADJ
fbem-29591	47	13	=	=	X
fbem-29591	47	14	=	=	SYM
fbem-29591	47	15	rtk	rtk	PROPN
fbem-29591	47	16	tk	tk	PROPN
fbem-29591	47	17	b	b	PROPN
fbem-29591	47	18	m	m	VERB
fbem-29591	47	19	m	m	VERB
fbem-29591	47	20	)	)	PUNCT
fbem-29591	47	21	1	1	NUM
fbem-29591	47	22	(	(	PUNCT
fbem-29591	47	23	1	1	NUM
fbem-29591	47	24	2	2	NUM
fbem-29591	47	25	2	2	NUM
fbem-29591	47	26	+	+	NOUN
fbem-29591	47	27	+	+	X
fbem-29591	47	28	+	+	ADJ
fbem-29591	47	29	+	+	NOUN
fbem-29591	47	30	=	=	NOUN
fbem-29591	47	31	=	=	X
fbem-29591	47	32	]	]	X
fbem-29591	47	33	)	)	PUNCT
fbem-29591	47	34	1(ln	1(ln	NUM
fbem-29591	47	35	[	[	PUNCT
fbem-29591	47	36	)	)	PUNCT
fbem-29591	47	37	1ln	1ln	NOUN
fbem-29591	47	38	(	(	PUNCT
fbem-29591	47	39	ln	ln	PROPN
fbem-29591	47	40	211	211	NUM
fbem-29591	47	41	rtk	rtk	NOUN
fbem-29591	48	1	k	k	PROPN
fbem-29591	48	2	m	m	PROPN
fbem-29591	48	3	+	+	ADJ
fbem-29591	48	4	+	+	ADJ
fbem-29591	48	5	=	=	ADJ
fbem-29591	48	6	+	+	ADJ
fbem-29591	48	7	=	=	ADJ
fbem-29591	48	8	+	+	ADJ
fbem-29591	48	9	=	=	SYM
fbem-29591	48	10			ADJ
fbem-29591	48	11			NOUN
fbem-29591	48	12			VERB
fbem-29591	48	13	this	this	DET
fbem-29591	48	14	article	article	NOUN
fbem-29591	48	15	only	only	ADV
fbem-29591	48	16	uses	use	VERB
fbem-29591	48	17	the	the	DET
fbem-29591	48	18	statutory	statutory	PROPN
fbem-29591	48	19	reserve	reserve	PROPN
fbem-29591	48	20	requirement	requirement	NOUN
fbem-29591	48	21	ratio	ratio	NOUN
fbem-29591	48	22	for	for	ADP
fbem-29591	48	23	regression	regression	NOUN
fbem-29591	48	24	analysis	analysis	NOUN
fbem-29591	48	25	.	.	PUNCT
fbem-29591	49	1	]	]	X
fbem-29591	49	2	)	)	PUNCT
fbem-29591	49	3	1(ln	1(ln	NUM
fbem-29591	49	4	[	[	PUNCT
fbem-29591	49	5	)	)	PUNCT
fbem-29591	49	6	1ln	1ln	NOUN
fbem-29591	49	7	(	(	PUNCT
fbem-29591	49	8	ln	ln	PROPN
fbem-29591	49	9	21t1	21t1	NUM
fbem-29591	49	10	rtk	rtk	NOUN
fbem-29591	50	1	k	k	NOUN
fbem-29591	50	2	m	m	PROPN
fbem-29591	50	3	ttt	ttt	NOUN
fbem-29591	50	4	tt	tt	X
fbem-29591	51	1	ttt	ttt	PROPN
fbem-29591	51	2	+	+	PROPN
fbem-29591	51	3	+	+	PROPN
fbem-29591	51	4	=	=	ADJ
fbem-29591	51	5	+	+	NOUN
fbem-29591	51	6	=	=	ADJ
fbem-29591	51	7	+	+	ADJ
fbem-29591	51	8	+	+	ADJ
fbem-29591	51	9	=	=	SYM
fbem-29591	51	10			ADJ
fbem-29591	51	11			NOUN
fbem-29591	51	12			NOUN
fbem-29591	51	13	]	]	PUNCT
fbem-29591	51	14	)	)	PUNCT
fbem-29591	51	15	1(ln	1(ln	NUM
fbem-29591	51	16	[	[	PUNCT
fbem-29591	51	17	)	)	PUNCT
fbem-29591	51	18	1ln	1ln	NOUN
fbem-29591	51	19	(	(	PUNCT
fbem-29591	51	20	ln	ln	ADJ
fbem-29591	51	21	212	212	NUM
fbem-29591	51	22	tttt	tttt	NOUN
fbem-29591	51	23	ttt	ttt	PROPN
fbem-29591	51	24	tttt	tttt	PROPN
fbem-29591	51	25	rtk	rtk	PROPN
fbem-29591	51	26	tk	tk	PROPN
fbem-29591	51	27	m	m	PROPN
fbem-29591	51	28	+	+	PROPN
fbem-29591	51	29	+	+	ADJ
fbem-29591	51	30	=	=	ADJ
fbem-29591	51	31	+	+	ADJ
fbem-29591	51	32	+	+	NOUN
fbem-29591	51	33	=	=	ADJ
fbem-29591	51	34	+	+	ADJ
fbem-29591	51	35	+	+	ADJ
fbem-29591	51	36	=	=	AUX
fbem-29591	51	37			ADJ
fbem-29591	51	38			NUM
fbem-29591	51	39			NOUN
fbem-29591	51	40	this	this	DET
fbem-29591	51	41	model	model	NOUN
fbem-29591	51	42	is	be	AUX
fbem-29591	51	43	established	establish	VERB
fbem-29591	51	44	based	base	VERB
fbem-29591	51	45	on	on	ADP
fbem-29591	51	46	taking	take	VERB
fbem-29591	51	47	the	the	DET
fbem-29591	51	48	logarithm	logarithm	NOUN
fbem-29591	51	49	of	of	ADP
fbem-29591	51	50	the	the	DET
fbem-29591	51	51	factor	factor	NOUN
fbem-29591	51	52	analysis	analysis	NOUN
fbem-29591	51	53	formulas	formula	NOUN
fbem-29591	51	54	for	for	ADP
fbem-29591	51	55	the	the	DET
fbem-29591	51	56	narrow	narrow	ADJ
fbem-29591	51	57	money	money	NOUN
fbem-29591	51	58	multiplier	multiplier	ADV
fbem-29591	51	59	and	and	CCONJ
fbem-29591	51	60	the	the	DET
fbem-29591	51	61	broad	broad	ADJ
fbem-29591	51	62	money	money	NOUN
fbem-29591	51	63	multiplier	multiplier	ADV
fbem-29591	51	64	mentioned	mention	VERB
fbem-29591	51	65	earlier	early	ADV
fbem-29591	51	66	.	.	PUNCT
fbem-29591	52	1	generally	generally	ADV
fbem-29591	52	2	speaking	speak	VERB
fbem-29591	52	3	,	,	PUNCT
fbem-29591	52	4	taking	take	VERB
fbem-29591	52	5	the	the	DET
fbem-29591	52	6	logarithm	logarithm	NOUN
fbem-29591	52	7	of	of	ADP
fbem-29591	52	8	data	data	NOUN
fbem-29591	52	9	is	be	AUX
fbem-29591	52	10	to	to	PART
fbem-29591	52	11	reduce	reduce	VERB
fbem-29591	52	12	the	the	DET
fbem-29591	52	13	impact	impact	NOUN
fbem-29591	52	14	of	of	ADP
fbem-29591	52	15	"	"	PUNCT
fbem-29591	52	16	outliers	outlier	NOUN
fbem-29591	52	17	"	"	PUNCT
fbem-29591	52	18	on	on	ADP
fbem-29591	52	19	regression	regression	NOUN
fbem-29591	52	20	after	after	ADP
fbem-29591	52	21	taking	take	VERB
fbem-29591	52	22	the	the	DET
fbem-29591	52	23	logarithm	logarithm	NOUN
fbem-29591	52	24	,	,	PUNCT
fbem-29591	52	25	outliers	outlier	NOUN
fbem-29591	52	26	will	will	AUX
fbem-29591	52	27	be	be	AUX
fbem-29591	52	28	"	"	PUNCT
fbem-29591	52	29	compressed	compress	VERB
fbem-29591	52	30	"	"	PUNCT
fbem-29591	52	31	;	;	PUNCT
fbem-29591	52	32	but	but	CCONJ
fbem-29591	52	33	in	in	ADP
fbem-29591	52	34	this	this	DET
fbem-29591	52	35	model	model	NOUN
fbem-29591	52	36	,	,	PUNCT
fbem-29591	52	37	the	the	DET
fbem-29591	52	38	logarithm	logarithm	NOUN
fbem-29591	52	39	is	be	AUX
fbem-29591	52	40	taken	take	VERB
fbem-29591	52	41	here	here	ADV
fbem-29591	52	42	to	to	PART
fbem-29591	52	43	convert	convert	VERB
fbem-29591	52	44	the	the	DET
fbem-29591	52	45	scores	score	NOUN
fbem-29591	52	46	of	of	ADP
fbem-29591	52	47	the	the	DET
fbem-29591	52	48	factor	factor	NOUN
fbem-29591	52	49	analysis	analysis	NOUN
fbem-29591	52	50	formula	formula	NOUN
fbem-29591	52	51	into	into	ADP
fbem-29591	52	52	linear	linear	ADJ
fbem-29591	52	53	equations	equation	NOUN
fbem-29591	52	54	that	that	PRON
fbem-29591	52	55	can	can	AUX
fbem-29591	52	56	directly	directly	ADV
fbem-29591	52	57	participate	participate	VERB
fbem-29591	52	58	in	in	ADP
fbem-29591	52	59	regression	regression	NOUN
fbem-29591	52	60	.	.	PUNCT
fbem-29591	53	1	after	after	ADP
fbem-29591	53	2	taking	take	VERB
fbem-29591	53	3	the	the	DET
fbem-29591	53	4	logarithm	logarithm	NOUN
fbem-29591	53	5	,	,	PUNCT
fbem-29591	53	6	the	the	DET
fbem-29591	53	7	size	size	NOUN
fbem-29591	53	8	of	of	ADP
fbem-29591	53	9	the	the	DET
fbem-29591	53	10	regression	regression	NOUN
fbem-29591	53	11	coefficient	coefficient	NOUN
fbem-29591	53	12	will	will	AUX
fbem-29591	53	13	no	no	ADV
fbem-29591	53	14	longer	long	ADV
fbem-29591	53	15	have	have	VERB
fbem-29591	53	16	specific	specific	ADJ
fbem-29591	53	17	economic	economic	ADJ
fbem-29591	53	18	meaning	meaning	NOUN
fbem-29591	53	19	,	,	PUNCT
fbem-29591	53	20	but	but	CCONJ
fbem-29591	53	21	its	its	PRON
fbem-29591	53	22	significance	significance	NOUN
fbem-29591	53	23	is	be	AUX
fbem-29591	53	24	no	no	ADV
fbem-29591	53	25	different	different	ADJ
fbem-29591	53	26	from	from	ADP
fbem-29591	53	27	that	that	PRON
fbem-29591	53	28	of	of	ADP
fbem-29591	53	29	conducting	conduct	VERB
fbem-29591	53	30	regression	regression	NOUN
fbem-29591	53	31	analysis	analysis	NOUN
fbem-29591	53	32	directly	directly	ADV
fbem-29591	53	33	without	without	ADP
fbem-29591	53	34	taking	take	VERB
fbem-29591	53	35	the	the	DET
fbem-29591	53	36	logarithm	logarithm	NOUN
fbem-29591	53	37	.	.	PUNCT
fbem-29591	54	1	therefore	therefore	ADV
fbem-29591	54	2	,	,	PUNCT
fbem-29591	54	3	the	the	DET
fbem-29591	54	4	validity	validity	NOUN
fbem-29591	54	5	of	of	ADP
fbem-29591	54	6	the	the	DET
fbem-29591	54	7	model	model	NOUN
fbem-29591	54	8	setting	setting	NOUN
fbem-29591	54	9	can	can	AUX
fbem-29591	54	10	be	be	AUX
fbem-29591	54	11	analyzed	analyze	VERB
fbem-29591	54	12	from	from	ADP
fbem-29591	54	13	its	its	PRON
fbem-29591	54	14	significance	significance	NOUN
fbem-29591	54	15	perspective	perspective	NOUN
fbem-29591	54	16	.	.	PUNCT
fbem-29591	55	1	this	this	DET
fbem-29591	55	2	section	section	NOUN
fbem-29591	55	3	of	of	ADP
fbem-29591	55	4	data	datum	NOUN
fbem-29591	55	5	is	be	AUX
fbem-29591	55	6	sourced	source	VERB
fbem-29591	55	7	from	from	ADP
fbem-29591	55	8	the	the	DET
fbem-29591	55	9	ruisi	ruisi	VERB
fbem-29591	55	10	database	database	NOUN
fbem-29591	55	11	,	,	PUNCT
fbem-29591	55	12	with	with	ADP
fbem-29591	55	13	the	the	DET
fbem-29591	55	14	same	same	ADJ
fbem-29591	55	15	time	time	NOUN
fbem-29591	55	16	span	span	NOUN
fbem-29591	55	17	as	as	SCONJ
fbem-29591	55	18	the	the	DET
fbem-29591	55	19	previous	previous	ADJ
fbem-29591	55	20	section	section	NOUN
fbem-29591	55	21	from	from	ADP
fbem-29591	55	22	1995	1995	NUM
fbem-29591	55	23	to	to	ADP
fbem-29591	55	24	2007	2007	NUM
fbem-29591	55	25	,	,	PUNCT
fbem-29591	55	26	where	where	SCONJ
fbem-29591	55	27	1995	1995	NUM
fbem-29591	55	28	-	-	SYM
fbem-29591	55	29	1999	1999	NUM
fbem-29591	55	30	is	be	AUX
fbem-29591	55	31	quarterly	quarterly	ADJ
fbem-29591	55	32	data	datum	NOUN
fbem-29591	55	33	and	and	CCONJ
fbem-29591	55	34	2000	2000	NUM
fbem-29591	55	35	-	-	SYM
fbem-29591	55	36	2007	2007	NUM
fbem-29591	55	37	is	be	AUX
fbem-29591	55	38	monthly	monthly	ADJ
fbem-29591	55	39	data	datum	NOUN
fbem-29591	55	40	.	.	PUNCT
fbem-29591	56	1	although	although	SCONJ
fbem-29591	56	2	the	the	DET
fbem-29591	56	3	frequency	frequency	NOUN
fbem-29591	56	4	of	of	ADP
fbem-29591	56	5	the	the	DET
fbem-29591	56	6	data	datum	NOUN
fbem-29591	56	7	has	have	AUX
fbem-29591	56	8	changed	change	VERB
fbem-29591	56	9	,	,	PUNCT
fbem-29591	56	10	it	it	PRON
fbem-29591	56	11	ensures	ensure	VERB
fbem-29591	56	12	that	that	SCONJ
fbem-29591	56	13	all	all	DET
fbem-29591	56	14	participating	participate	VERB
fbem-29591	56	15	regression	regression	NOUN
fbem-29591	56	16	variables	variable	NOUN
fbem-29591	56	17	are	be	AUX
fbem-29591	56	18	at	at	ADP
fbem-29591	56	19	the	the	DET
fbem-29591	56	20	same	same	ADJ
fbem-29591	56	21	frequency	frequency	NOUN
fbem-29591	56	22	,	,	PUNCT
fbem-29591	56	23	so	so	SCONJ
fbem-29591	56	24	the	the	DET
fbem-29591	56	25	regression	regression	NOUN
fbem-29591	56	26	can	can	AUX
fbem-29591	56	27	proceed	proceed	VERB
fbem-29591	56	28	normally	normally	ADV
fbem-29591	56	29	5.1	5.1	NUM
fbem-29591	56	30	.	.	PUNCT
fbem-29591	57	1	deposit	deposit	NOUN
fbem-29591	57	2	reserve	reserve	PROPN
fbem-29591	57	3	ratio	ratio	PROPN
fbem-29591	57	4	the	the	DET
fbem-29591	57	5	reserve	reserve	PROPN
fbem-29591	57	6	requirement	requirement	NOUN
fbem-29591	57	7	ratio	ratio	NOUN
fbem-29591	57	8	is	be	AUX
fbem-29591	57	9	a	a	DET
fbem-29591	57	10	variable	variable	NOUN
fbem-29591	57	11	controlled	control	VERB
fbem-29591	57	12	by	by	ADP
fbem-29591	57	13	the	the	DET
fbem-29591	57	14	central	central	ADJ
fbem-29591	57	15	bank	bank	NOUN
fbem-29591	57	16	,	,	PUNCT
fbem-29591	57	17	which	which	PRON
fbem-29591	57	18	refers	refer	VERB
fbem-29591	57	19	to	to	ADP
fbem-29591	57	20	the	the	DET
fbem-29591	57	21	ratio	ratio	NOUN
fbem-29591	57	22	of	of	ADP
fbem-29591	57	23	the	the	DET
fbem-29591	57	24	portion	portion	NOUN
fbem-29591	57	25	of	of	ADP
fbem-29591	57	26	deposits	deposit	NOUN
fbem-29591	57	27	that	that	SCONJ
fbem-29591	57	28	commercial	commercial	ADJ
fbem-29591	57	29	banks	bank	NOUN
fbem-29591	57	30	and	and	CCONJ
fbem-29591	57	31	other	other	ADJ
fbem-29591	57	32	deposit	deposit	NOUN
fbem-29591	57	33	taking	take	VERB
fbem-29591	57	34	financial	financial	ADJ
fbem-29591	57	35	institutions	institution	NOUN
fbem-29591	57	36	must	must	AUX
fbem-29591	57	37	deposit	deposit	VERB
fbem-29591	57	38	with	with	ADP
fbem-29591	57	39	the	the	DET
fbem-29591	57	40	central	central	ADJ
fbem-29591	57	41	bank	bank	NOUN
fbem-29591	57	42	to	to	ADP
fbem-29591	57	43	the	the	DET
fbem-29591	57	44	total	total	ADJ
fbem-29591	57	45	amount	amount	NOUN
fbem-29591	57	46	of	of	ADP
fbem-29591	57	47	deposits	deposit	NOUN
fbem-29591	57	48	.	.	PUNCT
fbem-29591	58	1	compared	compare	VERB
fbem-29591	58	2	to	to	ADP
fbem-29591	58	3	broad	broad	ADJ
fbem-29591	58	4	money	money	NOUN
fbem-29591	58	5	,	,	PUNCT
fbem-29591	58	6	narrow	narrow	ADJ
fbem-29591	58	7	money	money	NOUN
fbem-29591	58	8	,	,	PUNCT
fbem-29591	58	9	and	and	CCONJ
fbem-29591	58	10	base	base	NOUN
fbem-29591	58	11	money	money	NOUN
fbem-29591	58	12	data	datum	NOUN
fbem-29591	58	13	,	,	PUNCT
fbem-29591	58	14	the	the	DET
fbem-29591	58	15	reserve	reserve	PROPN
fbem-29591	58	16	requirement	requirement	NOUN
fbem-29591	58	17	ratio	ratio	NOUN
fbem-29591	58	18	data	datum	NOUN
fbem-29591	58	19	is	be	AUX
fbem-29591	58	20	somewhat	somewhat	ADV
fbem-29591	58	21	unique	unique	ADJ
fbem-29591	58	22	because	because	SCONJ
fbem-29591	58	23	it	it	PRON
fbem-29591	58	24	is	be	AUX
fbem-29591	58	25	irregular	irregular	ADJ
fbem-29591	58	26	.	.	PUNCT
fbem-29591	59	1	this	this	PRON
fbem-29591	59	2	is	be	AUX
fbem-29591	59	3	related	relate	VERB
fbem-29591	59	4	to	to	ADP
fbem-29591	59	5	the	the	DET
fbem-29591	59	6	"	"	PUNCT
fbem-29591	59	7	three	three	NUM
fbem-29591	59	8	magic	magic	ADJ
fbem-29591	59	9	weapons	weapon	NOUN
fbem-29591	59	10	"	"	PUNCT
fbem-29591	59	11	of	of	ADP
fbem-29591	59	12	monetary	monetary	ADJ
fbem-29591	59	13	policy	policy	NOUN
fbem-29591	59	14	used	use	VERB
fbem-29591	59	15	by	by	ADP
fbem-29591	59	16	the	the	DET
fbem-29591	59	17	central	central	ADJ
fbem-29591	59	18	bank	bank	NOUN
fbem-29591	59	19	to	to	PART
fbem-29591	59	20	regulate	regulate	VERB
fbem-29591	59	21	the	the	DET
fbem-29591	59	22	economy	economy	NOUN
fbem-29591	59	23	,	,	PUNCT
fbem-29591	59	24	namely	namely	ADV
fbem-29591	59	25	adjusting	adjust	VERB
fbem-29591	59	26	the	the	DET
fbem-29591	59	27	discount	discount	NOUN
fbem-29591	59	28	rate	rate	NOUN
fbem-29591	59	29	,	,	PUNCT
fbem-29591	59	30	open	open	ADJ
fbem-29591	59	31	market	market	NOUN
fbem-29591	59	32	operations	operation	NOUN
fbem-29591	59	33	,	,	PUNCT
fbem-29591	59	34	and	and	CCONJ
fbem-29591	59	35	adjusting	adjust	VERB
fbem-29591	59	36	the	the	DET
fbem-29591	59	37	reserve	reserve	NOUN
fbem-29591	59	38	requirement	requirement	NOUN
fbem-29591	59	39	ratio	ratio	NOUN
fbem-29591	59	40	.	.	PUNCT
fbem-29591	60	1	due	due	ADP
fbem-29591	60	2	to	to	ADP
fbem-29591	60	3	the	the	DET
fbem-29591	60	4	fact	fact	NOUN
fbem-29591	60	5	that	that	SCONJ
fbem-29591	60	6	the	the	DET
fbem-29591	60	7	reserve	reserve	PROPN
fbem-29591	60	8	requirement	requirement	NOUN
fbem-29591	60	9	ratio	ratio	NOUN
fbem-29591	60	10	is	be	AUX
fbem-29591	60	11	the	the	DET
fbem-29591	60	12	most	most	ADV
fbem-29591	60	13	important	important	ADJ
fbem-29591	60	14	and	and	CCONJ
fbem-29591	60	15	influential	influential	ADJ
fbem-29591	60	16	factor	factor	NOUN
fbem-29591	60	17	in	in	ADP
fbem-29591	60	18	the	the	DET
fbem-29591	60	19	money	money	NOUN
fbem-29591	60	20	multiplier	multipli	ADJ
fbem-29591	60	21	,	,	PUNCT
fbem-29591	60	22	small	small	ADJ
fbem-29591	60	23	changes	change	NOUN
fbem-29591	60	24	in	in	ADP
fbem-29591	60	25	it	it	PRON
fbem-29591	60	26	can	can	AUX
fbem-29591	60	27	have	have	VERB
fbem-29591	60	28	a	a	DET
fbem-29591	60	29	significant	significant	ADJ
fbem-29591	60	30	amplification	amplification	NOUN
fbem-29591	60	31	effect	effect	NOUN
fbem-29591	60	32	on	on	ADP
fbem-29591	60	33	the	the	DET
fbem-29591	60	34	amount	amount	NOUN
fbem-29591	60	35	of	of	ADP
fbem-29591	60	36	money	money	NOUN
fbem-29591	60	37	,	,	PUNCT
fbem-29591	60	38	so	so	CCONJ
fbem-29591	60	39	the	the	DET
fbem-29591	60	40	central	central	ADJ
fbem-29591	60	41	bank	bank	NOUN
fbem-29591	60	42	will	will	AUX
fbem-29591	60	43	adjust	adjust	VERB
fbem-29591	60	44	this	this	DET
fbem-29591	60	45	indicator	indicator	NOUN
fbem-29591	60	46	very	very	ADV
fbem-29591	60	47	cautiously	cautiously	ADV
fbem-29591	60	48	.	.	PUNCT
fbem-29591	61	1	whether	whether	SCONJ
fbem-29591	61	2	to	to	PART
fbem-29591	61	3	adjust	adjust	VERB
fbem-29591	61	4	the	the	DET
fbem-29591	61	5	reserve	reserve	NOUN
fbem-29591	61	6	ratio	ratio	NOUN
fbem-29591	61	7	mainly	mainly	ADV
fbem-29591	61	8	depends	depend	VERB
fbem-29591	61	9	on	on	ADP
fbem-29591	61	10	the	the	DET
fbem-29591	61	11	current	current	ADJ
fbem-29591	61	12	economic	economic	ADJ
fbem-29591	61	13	situation	situation	NOUN
fbem-29591	61	14	,	,	PUNCT
fbem-29591	61	15	so	so	SCONJ
fbem-29591	61	16	it	it	PRON
fbem-29591	61	17	may	may	AUX
fbem-29591	61	18	be	be	AUX
fbem-29591	61	19	necessary	necessary	ADJ
fbem-29591	61	20	to	to	PART
fbem-29591	61	21	use	use	VERB
fbem-29591	61	22	the	the	DET
fbem-29591	61	23	same	same	ADJ
fbem-29591	61	24	reserve	reserve	NOUN
fbem-29591	61	25	ratio	ratio	NOUN
fbem-29591	61	26	for	for	ADP
fbem-29591	61	27	several	several	ADJ
fbem-29591	61	28	consecutive	consecutive	ADJ
fbem-29591	61	29	years	year	NOUN
fbem-29591	61	30	,	,	PUNCT
fbem-29591	61	31	or	or	CCONJ
fbem-29591	61	32	adjust	adjust	VERB
fbem-29591	61	33	the	the	DET
fbem-29591	61	34	reserve	reserve	NOUN
fbem-29591	61	35	ratio	ratio	NOUN
fbem-29591	61	36	several	several	ADJ
fbem-29591	61	37	times	time	NOUN
fbem-29591	61	38	a	a	DET
fbem-29591	61	39	year	year	NOUN
fbem-29591	61	40	.	.	PUNCT
fbem-29591	62	1	therefore	therefore	ADV
fbem-29591	62	2	,	,	PUNCT
fbem-29591	62	3	this	this	DET
fbem-29591	62	4	article	article	NOUN
fbem-29591	62	5	will	will	AUX
fbem-29591	62	6	adjust	adjust	VERB
fbem-29591	62	7	the	the	DET
fbem-29591	62	8	quarterly	quarterly	ADJ
fbem-29591	62	9	/	/	SYM
fbem-29591	62	10	monthly	monthly	ADJ
fbem-29591	62	11	reserve	reserve	NOUN
fbem-29591	62	12	requirement	requirement	NOUN
fbem-29591	62	13	data	datum	NOUN
fbem-29591	62	14	based	base	VERB
fbem-29591	62	15	on	on	ADP
fbem-29591	62	16	the	the	DET
fbem-29591	62	17	reserve	reserve	PROPN
fbem-29591	62	18	requirement	requirement	NOUN
fbem-29591	62	19	ratio	ratio	NOUN
fbem-29591	62	20	,	,	PUNCT
fbem-29591	62	21	and	and	CCONJ
fbem-29591	62	22	match	match	VERB
fbem-29591	62	23	the	the	DET
fbem-29591	62	24	reserve	reserve	PROPN
fbem-29591	62	25	requirement	requirement	NOUN
fbem-29591	62	26	ratio	ratio	NOUN
fbem-29591	62	27	with	with	ADP
fbem-29591	62	28	the	the	DET
fbem-29591	62	29	currency	currency	NOUN
fbem-29591	62	30	multiplier	multipli	ADJ
fbem-29591	62	31	data	datum	NOUN
fbem-29591	62	32	calculated	calculate	VERB
fbem-29591	62	33	in	in	ADP
fbem-29591	62	34	the	the	DET
fbem-29591	62	35	previous	previous	ADJ
fbem-29591	62	36	section	section	NOUN
fbem-29591	62	37	according	accord	VERB
fbem-29591	62	38	to	to	ADP
fbem-29591	62	39	the	the	DET
fbem-29591	62	40	principle	principle	NOUN
fbem-29591	62	41	of	of	ADP
fbem-29591	62	42	time	time	NOUN
fbem-29591	62	43	priority	priority	NOUN
fbem-29591	62	44	.	.	PUNCT
fbem-29591	63	1	finally	finally	ADV
fbem-29591	63	2	,	,	PUNCT
fbem-29591	63	3	the	the	DET
fbem-29591	63	4	reserve	reserve	PROPN
fbem-29591	63	5	requirement	requirement	NOUN
fbem-29591	63	6	data	datum	NOUN
fbem-29591	63	7	from	from	ADP
fbem-29591	63	8	1995	1995	NUM
fbem-29591	63	9	to	to	ADP
fbem-29591	63	10	2007	2007	NUM
fbem-29591	63	11	will	will	AUX
fbem-29591	63	12	be	be	AUX
fbem-29591	63	13	matched	match	VERB
fbem-29591	63	14	with	with	ADP
fbem-29591	63	15	the	the	DET
fbem-29591	63	16	currency	currency	NOUN
fbem-29591	63	17	data	datum	NOUN
fbem-29591	63	18	.	.	PUNCT
fbem-29591	64	1	5.2	5.2	NUM
fbem-29591	64	2	.	.	PUNCT
fbem-29591	64	3	excess	excess	PROPN
fbem-29591	64	4	reserve	reserve	PROPN
fbem-29591	64	5	requirement	requirement	NOUN
fbem-29591	64	6	ratio	ratio	NOUN
fbem-29591	64	7	the	the	DET
fbem-29591	64	8	excess	excess	ADJ
fbem-29591	64	9	reserve	reserve	NOUN
fbem-29591	64	10	requirement	requirement	NOUN
fbem-29591	64	11	ratio	ratio	NOUN
fbem-29591	64	12	is	be	AUX
fbem-29591	64	13	the	the	DET
fbem-29591	64	14	additional	additional	ADJ
fbem-29591	64	15	amount	amount	NOUN
fbem-29591	64	16	deposited	deposit	VERB
fbem-29591	64	17	by	by	ADP
fbem-29591	64	18	commercial	commercial	ADJ
fbem-29591	64	19	banks	bank	NOUN
fbem-29591	64	20	with	with	ADP
fbem-29591	64	21	the	the	DET
fbem-29591	64	22	central	central	ADJ
fbem-29591	64	23	bank	bank	NOUN
fbem-29591	64	24	,	,	PUNCT
fbem-29591	64	25	excluding	exclude	VERB
fbem-29591	64	26	the	the	DET
fbem-29591	64	27	statutory	statutory	PROPN
fbem-29591	64	28	reserve	reserve	PROPN
fbem-29591	64	29	requirement	requirement	NOUN
fbem-29591	64	30	ratio	ratio	NOUN
fbem-29591	64	31	.	.	PUNCT
fbem-29591	65	1	it	it	PRON
fbem-29591	65	2	is	be	AUX
fbem-29591	65	3	a	a	DET
fbem-29591	65	4	variable	variable	NOUN
fbem-29591	65	5	largely	largely	ADV
fbem-29591	65	6	determined	determine	VERB
fbem-29591	65	7	by	by	ADP
fbem-29591	65	8	commercial	commercial	ADJ
fbem-29591	65	9	banks	bank	NOUN
fbem-29591	65	10	and	and	CCONJ
fbem-29591	65	11	partially	partially	ADV
fbem-29591	65	12	influenced	influence	VERB
fbem-29591	65	13	by	by	ADP
fbem-29591	65	14	the	the	DET
fbem-29591	65	15	central	central	ADJ
fbem-29591	65	16	bank	bank	NOUN
fbem-29591	65	17	.	.	PUNCT
fbem-29591	66	1	the	the	DET
fbem-29591	66	2	excess	excess	PROPN
fbem-29591	66	3	reserve	reserve	NOUN
fbem-29591	66	4	requirement	requirement	NOUN
fbem-29591	66	5	is	be	AUX
fbem-29591	66	6	intuitively	intuitively	ADV
fbem-29591	66	7	understood	understand	VERB
fbem-29591	66	8	as	as	ADP
fbem-29591	66	9	a	a	DET
fbem-29591	66	10	part	part	NOUN
fbem-29591	66	11	of	of	ADP
fbem-29591	66	12	the	the	DET
fbem-29591	66	13	reserve	reserve	NOUN
fbem-29591	66	14	that	that	PRON
fbem-29591	66	15	banks	bank	NOUN
fbem-29591	66	16	have	have	VERB
fbem-29591	66	17	with	with	ADP
fbem-29591	66	18	the	the	DET
fbem-29591	66	19	central	central	ADJ
fbem-29591	66	20	bank	bank	NOUN
fbem-29591	66	21	,	,	PUNCT
fbem-29591	66	22	but	but	CCONJ
fbem-29591	66	23	it	it	PRON
fbem-29591	66	24	has	have	VERB
fbem-29591	66	25	a	a	DET
fbem-29591	66	26	fundamental	fundamental	ADJ
fbem-29591	66	27	difference	difference	NOUN
fbem-29591	66	28	from	from	ADP
fbem-29591	66	29	the	the	DET
fbem-29591	66	30	statutory	statutory	PROPN
fbem-29591	66	31	reserve	reserve	PROPN
fbem-29591	66	32	requirement	requirement	NOUN
fbem-29591	66	33	,	,	PUNCT
fbem-29591	66	34	which	which	PRON
fbem-29591	66	35	is	be	AUX
fbem-29591	66	36	determined	determine	VERB
fbem-29591	66	37	by	by	ADP
fbem-29591	66	38	the	the	DET
fbem-29591	66	39	central	central	ADJ
fbem-29591	66	40	bank	bank	NOUN
fbem-29591	66	41	and	and	CCONJ
fbem-29591	66	42	is	be	AUX
fbem-29591	66	43	a	a	DET
fbem-29591	66	44	portion	portion	NOUN
fbem-29591	66	45	of	of	ADP
fbem-29591	66	46	cash	cash	NOUN
fbem-29591	66	47	that	that	PRON
fbem-29591	66	48	must	must	AUX
fbem-29591	66	49	be	be	AUX
fbem-29591	66	50	deposited	deposit	VERB
fbem-29591	66	51	with	with	ADP
fbem-29591	66	52	the	the	DET
fbem-29591	66	53	central	central	ADJ
fbem-29591	66	54	bank	bank	NOUN
fbem-29591	66	55	.	.	PUNCT
fbem-29591	67	1	however	however	ADV
fbem-29591	67	2	,	,	PUNCT
fbem-29591	67	3	the	the	DET
fbem-29591	67	4	excess	excess	ADJ
fbem-29591	67	5	reserve	reserve	NOUN
fbem-29591	67	6	requirement	requirement	NOUN
fbem-29591	67	7	is	be	AUX
fbem-29591	67	8	a	a	DET
fbem-29591	67	9	subjective	subjective	ADJ
fbem-29591	67	10	additional	additional	ADJ
fbem-29591	67	11	"	"	PUNCT
fbem-29591	67	12	wealth	wealth	NOUN
fbem-29591	67	13	"	"	PUNCT
fbem-29591	67	14	that	that	PRON
fbem-29591	67	15	banks	bank	NOUN
fbem-29591	67	16	and	and	CCONJ
fbem-29591	67	17	other	other	ADJ
fbem-29591	67	18	deposit	deposit	NOUN
fbem-29591	67	19	taking	take	VERB
fbem-29591	67	20	financial	financial	ADJ
fbem-29591	67	21	institutions	institution	NOUN
fbem-29591	67	22	deposit	deposit	VERB
fbem-29591	67	23	with	with	ADP
fbem-29591	67	24	the	the	DET
fbem-29591	67	25	central	central	ADJ
fbem-29591	67	26	bank	bank	NOUN
fbem-29591	67	27	;	;	PUNCT
fbem-29591	67	28	secondly	secondly	ADV
fbem-29591	67	29	,	,	PUNCT
fbem-29591	67	30	this	this	DET
fbem-29591	67	31	part	part	NOUN
fbem-29591	67	32	of	of	ADP
fbem-29591	67	33	'	'	PUNCT
fbem-29591	67	34	wealth	wealth	NOUN
fbem-29591	67	35	'	'	PUNCT
fbem-29591	67	36	can	can	AUX
fbem-29591	67	37	be	be	AUX
fbem-29591	67	38	cash	cash	NOUN
fbem-29591	67	39	or	or	CCONJ
fbem-29591	67	40	highly	highly	ADV
fbem-29591	67	41	liquid	liquid	ADJ
fbem-29591	67	42	assets	asset	NOUN
fbem-29591	67	43	.	.	PUNCT
fbem-29591	68	1	from	from	ADP
fbem-29591	68	2	the	the	DET
fbem-29591	68	3	perspective	perspective	NOUN
fbem-29591	68	4	of	of	ADP
fbem-29591	68	5	its	its	PRON
fbem-29591	68	6	causes	cause	NOUN
fbem-29591	68	7	,	,	PUNCT
fbem-29591	68	8	it	it	PRON
fbem-29591	68	9	is	be	AUX
fbem-29591	68	10	more	more	ADV
fbem-29591	68	11	related	related	ADJ
fbem-29591	68	12	to	to	ADP
fbem-29591	68	13	the	the	DET
fbem-29591	68	14	liquidity	liquidity	NOUN
fbem-29591	68	15	and	and	CCONJ
fbem-29591	68	16	investment	investment	NOUN
fbem-29591	68	17	opportunities	opportunity	NOUN
fbem-29591	68	18	of	of	ADP
fbem-29591	68	19	deposit	deposit	NOUN
fbem-29591	68	20	taking	take	VERB
fbem-29591	68	21	financial	financial	ADJ
fbem-29591	68	22	institutions	institution	NOUN
fbem-29591	68	23	such	such	ADJ
fbem-29591	68	24	as	as	ADP
fbem-29591	68	25	commercial	commercial	ADJ
fbem-29591	68	26	banks	bank	NOUN
fbem-29591	68	27	.	.	PUNCT
fbem-29591	69	1	in	in	ADP
fbem-29591	69	2	terms	term	NOUN
fbem-29591	69	3	of	of	ADP
fbem-29591	69	4	liquidity	liquidity	NOUN
fbem-29591	69	5	,	,	PUNCT
fbem-29591	69	6	although	although	SCONJ
fbem-29591	69	7	the	the	DET
fbem-29591	69	8	central	central	ADJ
fbem-29591	69	9	bank	bank	NOUN
fbem-29591	69	10	requires	require	VERB
fbem-29591	69	11	commercial	commercial	ADJ
fbem-29591	69	12	banks	bank	NOUN
fbem-29591	69	13	to	to	PART
fbem-29591	69	14	deposit	deposit	VERB
fbem-29591	69	15	a	a	DET
fbem-29591	69	16	certain	certain	ADJ
fbem-29591	69	17	amount	amount	NOUN
fbem-29591	69	18	of	of	ADP
fbem-29591	69	19	reserve	reserve	NOUN
fbem-29591	69	20	funds	fund	NOUN
fbem-29591	69	21	,	,	PUNCT
fbem-29591	69	22	due	due	ADP
fbem-29591	69	23	to	to	ADP
fbem-29591	69	24	the	the	DET
fbem-29591	69	25	characteristics	characteristic	NOUN
fbem-29591	69	26	of	of	ADP
fbem-29591	69	27	commercial	commercial	ADJ
fbem-29591	69	28	banks	bank	NOUN
fbem-29591	69	29	themselves	themselves	PRON
fbem-29591	69	30	,	,	PUNCT
fbem-29591	69	31	some	some	DET
fbem-29591	69	32	commercial	commercial	ADJ
fbem-29591	69	33	banks	bank	NOUN
fbem-29591	69	34	may	may	AUX
fbem-29591	69	35	have	have	VERB
fbem-29591	69	36	more	more	ADJ
fbem-29591	69	37	customers	customer	NOUN
fbem-29591	69	38	who	who	PRON
fbem-29591	69	39	deposit	deposit	VERB
fbem-29591	69	40	and	and	CCONJ
fbem-29591	69	41	withdraw	withdraw	VERB
fbem-29591	69	42	on	on	ADP
fbem-29591	69	43	a	a	DET
fbem-29591	69	44	daily	daily	ADJ
fbem-29591	69	45	basis	basis	NOUN
fbem-29591	69	46	than	than	ADP
fbem-29591	69	47	other	other	ADJ
fbem-29591	69	48	banks	bank	NOUN
fbem-29591	69	49	.	.	PUNCT
fbem-29591	70	1	therefore	therefore	ADV
fbem-29591	70	2	,	,	PUNCT
fbem-29591	70	3	for	for	ADP
fbem-29591	70	4	liquidity	liquidity	NOUN
fbem-29591	70	5	considerations	consideration	NOUN
fbem-29591	70	6	,	,	PUNCT
fbem-29591	70	7	they	they	PRON
fbem-29591	70	8	will	will	AUX
fbem-29591	70	9	deposit	deposit	VERB
fbem-29591	70	10	more	more	ADJ
fbem-29591	70	11	reserve	reserve	NOUN
fbem-29591	70	12	funds	fund	NOUN
fbem-29591	70	13	.	.	PUNCT
fbem-29591	71	1	in	in	ADP
fbem-29591	71	2	terms	term	NOUN
fbem-29591	71	3	of	of	ADP
fbem-29591	71	4	investment	investment	NOUN
fbem-29591	71	5	opportunities	opportunity	NOUN
fbem-29591	71	6	,	,	PUNCT
fbem-29591	71	7	when	when	SCONJ
fbem-29591	71	8	considering	consider	VERB
fbem-29591	71	9	investment	investment	NOUN
fbem-29591	71	10	,	,	PUNCT
fbem-29591	71	11	it	it	PRON
fbem-29591	71	12	is	be	AUX
fbem-29591	71	13	inevitable	inevitable	ADJ
fbem-29591	71	14	to	to	PART
fbem-29591	71	15	discuss	discuss	VERB
fbem-29591	71	16	the	the	DET
fbem-29591	71	17	comparison	comparison	NOUN
fbem-29591	71	18	of	of	ADP
fbem-29591	71	19	costs	cost	NOUN
fbem-29591	71	20	and	and	CCONJ
fbem-29591	71	21	benefits	benefit	NOUN
fbem-29591	71	22	.	.	PUNCT
fbem-29591	72	1	this	this	PRON
fbem-29591	72	2	involves	involve	VERB
fbem-29591	72	3	a	a	DET
fbem-29591	72	4	relatively	relatively	ADV
fbem-29591	72	5	complex	complex	ADJ
fbem-29591	72	6	analysis	analysis	NOUN
fbem-29591	72	7	.	.	PUNCT
fbem-29591	73	1	5.2.1	5.2.1	X
fbem-29591	73	2	.	.	PUNCT
fbem-29591	73	3	revenue	revenue	NOUN
fbem-29591	73	4	side	side	NOUN
fbem-29591	73	5	the	the	DET
fbem-29591	73	6	biggest	big	ADJ
fbem-29591	73	7	investment	investment	NOUN
fbem-29591	73	8	return	return	NOUN
fbem-29591	73	9	of	of	ADP
fbem-29591	73	10	traditional	traditional	ADJ
fbem-29591	73	11	commercial	commercial	ADJ
fbem-29591	73	12	banks	bank	NOUN
fbem-29591	73	13	lies	lie	VERB
fbem-29591	73	14	in	in	ADP
fbem-29591	73	15	the	the	DET
fbem-29591	73	16	interest	interest	NOUN
fbem-29591	73	17	charged	charge	VERB
fbem-29591	73	18	on	on	ADP
fbem-29591	73	19	loans	loan	NOUN
fbem-29591	73	20	,	,	PUNCT
fbem-29591	73	21	and	and	CCONJ
fbem-29591	73	22	the	the	DET
fbem-29591	73	23	interest	interest	NOUN
fbem-29591	73	24	rate	rate	NOUN
fbem-29591	73	25	on	on	ADP
fbem-29591	73	26	loans	loan	NOUN
fbem-29591	73	27	has	have	AUX
fbem-29591	73	28	become	become	VERB
fbem-29591	73	29	the	the	DET
fbem-29591	73	30	most	most	ADV
fbem-29591	73	31	important	important	ADJ
fbem-29591	73	32	determining	determine	VERB
fbem-29591	73	33	factor	factor	NOUN
fbem-29591	73	34	of	of	ADP
fbem-29591	73	35	returns	return	NOUN
fbem-29591	73	36	.	.	PUNCT
fbem-29591	74	1	according	accord	VERB
fbem-29591	74	2	to	to	ADP
fbem-29591	74	3	the	the	DET
fbem-29591	74	4	theory	theory	NOUN
fbem-29591	74	5	of	of	ADP
fbem-29591	74	6	interest	interest	NOUN
fbem-29591	74	7	rate	rate	NOUN
fbem-29591	74	8	risk	risk	NOUN
fbem-29591	74	9	structure	structure	NOUN
fbem-29591	74	10	,	,	PUNCT
fbem-29591	74	11	the	the	DET
fbem-29591	74	12	bank	bank	NOUN
fbem-29591	74	13	loan	loan	NOUN
fbem-29591	74	14	interest	interest	NOUN
fbem-29591	74	15	rate	rate	NOUN
fbem-29591	74	16	is	be	AUX
fbem-29591	74	17	the	the	DET
fbem-29591	74	18	benchmark	benchmark	ADJ
fbem-29591	74	19	interest	interest	NOUN
fbem-29591	74	20	rate	rate	NOUN
fbem-29591	74	21	plus	plus	CCONJ
fbem-29591	74	22	a	a	DET
fbem-29591	74	23	certain	certain	ADJ
fbem-29591	74	24	risk	risk	NOUN
fbem-29591	74	25	point	point	NOUN
fbem-29591	74	26	,	,	PUNCT
fbem-29591	74	27	as	as	SCONJ
fbem-29591	74	28	shown	show	VERB
fbem-29591	74	29	in	in	ADP
fbem-29591	74	30	the	the	DET
fbem-29591	74	31	formula	formula	NOUN
fbem-29591	74	32	:	:	PUNCT
fbem-29591	74	33	rrr	rrr	PROPN
fbem-29591	74	34	f	f	PROPN
fbem-29591	75	1	+	+	PROPN
fbem-29591	75	2	=	=	PROPN
fbem-29591	75	3	5.2.2	5.2.2	NUM
fbem-29591	75	4	.	.	PUNCT
fbem-29591	75	5	cost	cost	NOUN
fbem-29591	75	6	side	side	NOUN
fbem-29591	75	7	if	if	SCONJ
fbem-29591	75	8	commercial	commercial	ADJ
fbem-29591	75	9	banks	bank	NOUN
fbem-29591	75	10	can	can	AUX
fbem-29591	75	11	earn	earn	VERB
fbem-29591	75	12	higher	high	ADJ
fbem-29591	75	13	returns	return	NOUN
fbem-29591	75	14	by	by	ADP
fbem-29591	75	15	depositing	deposit	VERB
fbem-29591	75	16	funds	fund	NOUN
fbem-29591	75	17	with	with	ADP
fbem-29591	75	18	the	the	DET
fbem-29591	75	19	central	central	ADJ
fbem-29591	75	20	bank	bank	NOUN
fbem-29591	75	21	than	than	ADP
fbem-29591	75	22	by	by	ADP
fbem-29591	75	23	lending	lend	VERB
fbem-29591	75	24	to	to	ADP
fbem-29591	75	25	the	the	DET
fbem-29591	75	26	market	market	NOUN
fbem-29591	75	27	,	,	PUNCT
fbem-29591	75	28	then	then	ADV
fbem-29591	75	29	the	the	DET
fbem-29591	75	30	reason	reason	NOUN
fbem-29591	75	31	for	for	ADP
fbem-29591	75	32	the	the	DET
fbem-29591	75	33	existence	existence	NOUN
fbem-29591	75	34	of	of	ADP
fbem-29591	75	35	excess	excess	ADJ
fbem-29591	75	36	reserve	reserve	NOUN
fbem-29591	75	37	requirements	requirement	NOUN
fbem-29591	75	38	can	can	AUX
fbem-29591	75	39	be	be	AUX
fbem-29591	75	40	understood	understand	VERB
fbem-29591	75	41	.	.	PUNCT
fbem-29591	76	1	this	this	PRON
fbem-29591	76	2	can	can	AUX
fbem-29591	76	3	be	be	AUX
fbem-29591	76	4	understood	understand	VERB
fbem-29591	76	5	from	from	ADP
fbem-29591	76	6	two	two	NUM
fbem-29591	76	7	aspects	aspect	NOUN
fbem-29591	76	8	,	,	PUNCT
fbem-29591	76	9	namely	namely	ADV
fbem-29591	76	10	the	the	DET
fbem-29591	76	11	income	income	NOUN
fbem-29591	76	12	stored	store	VERB
fbem-29591	76	13	in	in	ADP
fbem-29591	76	14	the	the	DET
fbem-29591	76	15	central	central	ADJ
fbem-29591	76	16	bank	bank	NOUN
fbem-29591	76	17	and	and	CCONJ
fbem-29591	76	18	the	the	DET
fbem-29591	76	19	"	"	PUNCT
fbem-29591	76	20	losses	loss	NOUN
fbem-29591	76	21	"	"	PUNCT
fbem-29591	76	22	from	from	ADP
fbem-29591	76	23	lending	lend	VERB
fbem-29591	76	24	out	out	ADP
fbem-29591	76	25	(	(	PUNCT
fbem-29591	76	26	possible	possible	ADJ
fbem-29591	76	27	high	high	ADJ
fbem-29591	76	28	bad	bad	ADJ
fbem-29591	76	29	debt	debt	NOUN
fbem-29591	76	30	rates	rate	NOUN
fbem-29591	76	31	,	,	PUNCT
fbem-29591	76	32	depreciation	depreciation	NOUN
fbem-29591	76	33	of	of	ADP
fbem-29591	76	34	debt	debt	NOUN
fbem-29591	76	35	caused	cause	VERB
fbem-29591	76	36	by	by	ADP
fbem-29591	76	37	inflation	inflation	NOUN
fbem-29591	76	38	,	,	PUNCT
fbem-29591	76	39	liquidity	liquidity	NOUN
fbem-29591	76	40	requirements	requirement	NOUN
fbem-29591	76	41	,	,	PUNCT
fbem-29591	76	42	etc	etc	X
fbem-29591	76	43	.	.	X
fbem-29591	76	44	)	)	PUNCT
fbem-29591	76	45	.	.	PUNCT
fbem-29591	77	1	the	the	DET
fbem-29591	77	2	interest	interest	NOUN
fbem-29591	77	3	payment	payment	NOUN
fbem-29591	77	4	for	for	ADP
fbem-29591	77	5	excess	excess	ADJ
fbem-29591	77	6	reserve	reserve	NOUN
fbem-29591	77	7	deposits	deposit	NOUN
fbem-29591	77	8	by	by	ADP
fbem-29591	77	9	the	the	DET
fbem-29591	77	10	central	central	ADJ
fbem-29591	77	11	bank	bank	NOUN
fbem-29591	77	12	of	of	ADP
fbem-29591	77	13	our	our	PRON
fbem-29591	77	14	country	country	NOUN
fbem-29591	77	15	has	have	AUX
fbem-29591	77	16	been	be	AUX
fbem-29591	77	17	implemented	implement	VERB
fbem-29591	77	18	since	since	SCONJ
fbem-29591	77	19	2008	2008	NUM
fbem-29591	77	20	,	,	PUNCT
fbem-29591	77	21	and	and	CCONJ
fbem-29591	77	22	the	the	DET
fbem-29591	77	23	interest	interest	NOUN
fbem-29591	77	24	rate	rate	NOUN
fbem-29591	77	25	level	level	NOUN
fbem-29591	77	26	is	be	AUX
fbem-29591	77	27	relatively	relatively	ADV
fbem-29591	77	28	low	low	ADJ
fbem-29591	77	29	,	,	PUNCT
fbem-29591	77	30	so	so	ADV
fbem-29591	77	31	to	to	ADP
fbem-29591	77	32	some	some	DET
fbem-29591	77	33	extent	extent	NOUN
fbem-29591	77	34	,	,	PUNCT
fbem-29591	77	35	the	the	DET
fbem-29591	77	36	view	view	NOUN
fbem-29591	77	37	that	that	SCONJ
fbem-29591	77	38	"	"	PUNCT
fbem-29591	77	39	excessive	excessive	ADJ
fbem-29591	77	40	reserve	reserve	NOUN
fbem-29591	77	41	deposits	deposit	NOUN
fbem-29591	77	42	are	be	AUX
fbem-29591	77	43	caused	cause	VERB
fbem-29591	77	44	by	by	ADP
fbem-29591	77	45	high	high	ADJ
fbem-29591	77	46	returns	return	NOUN
fbem-29591	77	47	from	from	ADP
fbem-29591	77	48	depositing	deposit	VERB
fbem-29591	77	49	with	with	ADP
fbem-29591	77	50	the	the	DET
fbem-29591	77	51	central	central	ADJ
fbem-29591	77	52	bank	bank	NOUN
fbem-29591	77	53	"	"	PUNCT
fbem-29591	77	54	can	can	AUX
fbem-29591	77	55	be	be	AUX
fbem-29591	77	56	ruled	rule	VERB
fbem-29591	77	57	out	out	ADP
fbem-29591	77	58	.	.	PUNCT
fbem-29591	78	1	in	in	ADP
fbem-29591	78	2	summary	summary	NOUN
fbem-29591	78	3	,	,	PUNCT
fbem-29591	78	4	it	it	PRON
fbem-29591	78	5	can	can	AUX
fbem-29591	78	6	be	be	AUX
fbem-29591	78	7	concluded	conclude	VERB
fbem-29591	78	8	that	that	SCONJ
fbem-29591	78	9	the	the	DET
fbem-29591	78	10	cost	cost	NOUN
fbem-29591	78	11	of	of	ADP
fbem-29591	78	12	commercial	commercial	ADJ
fbem-29591	78	13	bank	bank	NOUN
fbem-29591	78	14	lending	lending	NOUN
fbem-29591	78	15	mostly	mostly	ADV
fbem-29591	78	16	comes	come	VERB
fbem-29591	78	17	from	from	ADP
fbem-29591	78	18	the	the	DET
fbem-29591	78	19	depreciation	depreciation	NOUN
fbem-29591	78	20	91	91	NUM
fbem-29591	78	21	of	of	ADP
fbem-29591	78	22	debt	debt	NOUN
fbem-29591	78	23	and	and	CCONJ
fbem-29591	78	24	liquidity	liquidity	NOUN
fbem-29591	78	25	requirements	requirement	NOUN
fbem-29591	78	26	caused	cause	VERB
fbem-29591	78	27	by	by	ADP
fbem-29591	78	28	high	high	ADJ
fbem-29591	78	29	inflation	inflation	NOUN
fbem-29591	78	30	.	.	PUNCT
fbem-29591	79	1	through	through	ADP
fbem-29591	79	2	the	the	DET
fbem-29591	79	3	analysis	analysis	NOUN
fbem-29591	79	4	of	of	ADP
fbem-29591	79	5	the	the	DET
fbem-29591	79	6	income	income	NOUN
fbem-29591	79	7	and	and	CCONJ
fbem-29591	79	8	cost	cost	NOUN
fbem-29591	79	9	sides	side	NOUN
fbem-29591	79	10	in	in	ADP
fbem-29591	79	11	the	the	DET
fbem-29591	79	12	previous	previous	ADJ
fbem-29591	79	13	text	text	NOUN
fbem-29591	79	14	,	,	PUNCT
fbem-29591	79	15	we	we	PRON
fbem-29591	79	16	can	can	AUX
fbem-29591	79	17	obtain	obtain	VERB
fbem-29591	79	18	the	the	DET
fbem-29591	79	19	reasons	reason	NOUN
fbem-29591	79	20	why	why	SCONJ
fbem-29591	79	21	commercial	commercial	ADJ
fbem-29591	79	22	banks	bank	NOUN
fbem-29591	79	23	and	and	CCONJ
fbem-29591	79	24	other	other	ADJ
fbem-29591	79	25	deposit	deposit	NOUN
fbem-29591	79	26	oriented	orient	VERB
fbem-29591	79	27	financial	financial	ADJ
fbem-29591	79	28	institutions	institution	NOUN
fbem-29591	79	29	deposit	deposit	VERB
fbem-29591	79	30	excess	excess	ADJ
fbem-29591	79	31	reserve	reserve	NOUN
fbem-29591	79	32	funds	fund	NOUN
fbem-29591	79	33	with	with	ADP
fbem-29591	79	34	the	the	DET
fbem-29591	79	35	central	central	ADJ
fbem-29591	79	36	bank	bank	NOUN
fbem-29591	79	37	,	,	PUNCT
fbem-29591	79	38	that	that	ADV
fbem-29591	79	39	is	is	ADV
fbem-29591	79	40	,	,	PUNCT
fbem-29591	79	41	the	the	DET
fbem-29591	79	42	income	income	NOUN
fbem-29591	79	43	obtained	obtain	VERB
fbem-29591	79	44	from	from	ADP
fbem-29591	79	45	lending	lending	NOUN
fbem-29591	79	46	is	be	AUX
fbem-29591	79	47	difficult	difficult	ADJ
fbem-29591	79	48	to	to	PART
fbem-29591	79	49	compensate	compensate	VERB
fbem-29591	79	50	for	for	ADP
fbem-29591	79	51	the	the	DET
fbem-29591	79	52	losses	loss	NOUN
fbem-29591	79	53	(	(	PUNCT
fbem-29591	79	54	risks	risk	NOUN
fbem-29591	79	55	)	)	PUNCT
fbem-29591	79	56	that	that	PRON
fbem-29591	79	57	may	may	AUX
fbem-29591	79	58	be	be	AUX
fbem-29591	79	59	caused	cause	VERB
fbem-29591	79	60	by	by	ADP
fbem-29591	79	61	loss	loss	NOUN
fbem-29591	79	62	of	of	ADP
fbem-29591	79	63	liquidity	liquidity	NOUN
fbem-29591	79	64	and	and	CCONJ
fbem-29591	79	65	inflation	inflation	NOUN
fbem-29591	79	66	.	.	PUNCT
fbem-29591	80	1	5.3	5.3	NUM
fbem-29591	80	2	.	.	PUNCT
fbem-29591	80	3	fixed	fix	VERB
fbem-29591	80	4	deposit	deposit	NOUN
fbem-29591	80	5	ratio	ratio	NOUN
fbem-29591	80	6	the	the	DET
fbem-29591	80	7	ratio	ratio	NOUN
fbem-29591	80	8	of	of	ADP
fbem-29591	80	9	fixed	fix	VERB
fbem-29591	80	10	deposits	deposit	NOUN
fbem-29591	80	11	to	to	PART
fbem-29591	80	12	demand	demand	VERB
fbem-29591	80	13	deposits	deposit	NOUN
fbem-29591	80	14	is	be	AUX
fbem-29591	80	15	a	a	DET
fbem-29591	80	16	variable	variable	NOUN
fbem-29591	80	17	largely	largely	ADV
fbem-29591	80	18	determined	determine	VERB
fbem-29591	80	19	by	by	ADP
fbem-29591	80	20	the	the	DET
fbem-29591	80	21	central	central	ADJ
fbem-29591	80	22	bank	bank	NOUN
fbem-29591	80	23	.	.	PUNCT
fbem-29591	81	1	from	from	ADP
fbem-29591	81	2	its	its	PRON
fbem-29591	81	3	structure	structure	NOUN
fbem-29591	81	4	,	,	PUNCT
fbem-29591	81	5	we	we	PRON
fbem-29591	81	6	can	can	AUX
fbem-29591	81	7	see	see	VERB
fbem-29591	81	8	some	some	PRON
fbem-29591	81	9	of	of	ADP
fbem-29591	81	10	its	its	PRON
fbem-29591	81	11	characteristics	characteristic	NOUN
fbem-29591	81	12	and	and	CCONJ
fbem-29591	81	13	the	the	DET
fbem-29591	81	14	significance	significance	NOUN
fbem-29591	81	15	of	of	ADP
fbem-29591	81	16	numerical	numerical	ADJ
fbem-29591	81	17	reflection	reflection	NOUN
fbem-29591	81	18	.	.	PUNCT
fbem-29591	82	1	similarly	similarly	ADV
fbem-29591	82	2	,	,	PUNCT
fbem-29591	82	3	we	we	PRON
fbem-29591	82	4	analyze	analyze	VERB
fbem-29591	82	5	the	the	DET
fbem-29591	82	6	numerical	numerical	ADJ
fbem-29591	82	7	value	value	NOUN
fbem-29591	82	8	of	of	ADP
fbem-29591	82	9	the	the	DET
fbem-29591	82	10	fixed	fix	VERB
fbem-29591	82	11	deposit	deposit	NOUN
fbem-29591	82	12	ratio	ratio	NOUN
fbem-29591	82	13	from	from	ADP
fbem-29591	82	14	the	the	DET
fbem-29591	82	15	perspectives	perspective	NOUN
fbem-29591	82	16	of	of	ADP
fbem-29591	82	17	income	income	NOUN
fbem-29591	82	18	and	and	CCONJ
fbem-29591	82	19	cost	cost	NOUN
fbem-29591	82	20	.	.	PUNCT
fbem-29591	83	1	5.3.1	5.3.1	X
fbem-29591	83	2	.	.	PUNCT
fbem-29591	83	3	revenue	revenue	NOUN
fbem-29591	83	4	side	side	NOUN
fbem-29591	83	5	the	the	DET
fbem-29591	83	6	income	income	NOUN
fbem-29591	83	7	that	that	PRON
fbem-29591	83	8	people	people	NOUN
fbem-29591	83	9	obtain	obtain	VERB
fbem-29591	83	10	from	from	ADP
fbem-29591	83	11	choosing	choose	VERB
fbem-29591	83	12	fixed	fix	VERB
fbem-29591	83	13	deposits	deposit	NOUN
fbem-29591	83	14	and	and	CCONJ
fbem-29591	83	15	current	current	ADJ
fbem-29591	83	16	deposits	deposit	NOUN
fbem-29591	83	17	comes	come	VERB
fbem-29591	83	18	from	from	ADP
fbem-29591	83	19	the	the	DET
fbem-29591	83	20	corresponding	corresponding	ADJ
fbem-29591	83	21	interest	interest	NOUN
fbem-29591	83	22	rate	rate	NOUN
fbem-29591	83	23	levels	level	NOUN
fbem-29591	83	24	.	.	PUNCT
fbem-29591	84	1	considering	consider	VERB
fbem-29591	84	2	the	the	DET
fbem-29591	84	3	development	development	NOUN
fbem-29591	84	4	process	process	NOUN
fbem-29591	84	5	of	of	ADP
fbem-29591	84	6	interest	interest	NOUN
fbem-29591	84	7	rate	rate	NOUN
fbem-29591	84	8	marketization	marketization	NOUN
fbem-29591	84	9	in	in	ADP
fbem-29591	84	10	china	china	PROPN
fbem-29591	84	11	,	,	PUNCT
fbem-29591	84	12	this	this	DET
fbem-29591	84	13	article	article	NOUN
fbem-29591	84	14	discusses	discuss	VERB
fbem-29591	84	15	that	that	SCONJ
fbem-29591	84	16	the	the	DET
fbem-29591	84	17	deposit	deposit	NOUN
fbem-29591	84	18	interest	interest	NOUN
fbem-29591	84	19	rates	rate	NOUN
fbem-29591	84	20	in	in	ADP
fbem-29591	84	21	the	the	DET
fbem-29591	84	22	data	datum	NOUN
fbem-29591	84	23	range	range	NOUN
fbem-29591	84	24	are	be	AUX
fbem-29591	84	25	to	to	ADP
fbem-29591	84	26	some	some	DET
fbem-29591	84	27	extent	extent	NOUN
fbem-29591	84	28	determined	determine	VERB
fbem-29591	84	29	by	by	ADP
fbem-29591	84	30	the	the	DET
fbem-29591	84	31	market	market	NOUN
fbem-29591	84	32	,	,	PUNCT
fbem-29591	84	33	but	but	CCONJ
fbem-29591	84	34	more	more	ADV
fbem-29591	84	35	regulated	regulate	VERB
fbem-29591	84	36	by	by	ADP
fbem-29591	84	37	the	the	DET
fbem-29591	84	38	central	central	ADJ
fbem-29591	84	39	bank	bank	NOUN
fbem-29591	84	40	.	.	PUNCT
fbem-29591	85	1	therefore	therefore	ADV
fbem-29591	85	2	,	,	PUNCT
fbem-29591	85	3	the	the	DET
fbem-29591	85	4	interest	interest	NOUN
fbem-29591	85	5	rate	rate	NOUN
fbem-29591	85	6	levels	level	NOUN
fbem-29591	85	7	are	be	AUX
fbem-29591	85	8	generally	generally	ADV
fbem-29591	85	9	higher	high	ADJ
fbem-29591	85	10	for	for	ADP
fbem-29591	85	11	fixed	fix	VERB
fbem-29591	85	12	deposits	deposit	NOUN
fbem-29591	85	13	than	than	ADP
fbem-29591	85	14	for	for	ADP
fbem-29591	85	15	current	current	ADJ
fbem-29591	85	16	deposits	deposit	NOUN
fbem-29591	85	17	,	,	PUNCT
fbem-29591	85	18	and	and	CCONJ
fbem-29591	85	19	there	there	PRON
fbem-29591	85	20	are	be	VERB
fbem-29591	85	21	few	few	ADJ
fbem-29591	85	22	"	"	PUNCT
fbem-29591	85	23	inverted	inverted	ADJ
fbem-29591	85	24	"	"	PUNCT
fbem-29591	85	25	situations	situation	NOUN
fbem-29591	85	26	caused	cause	VERB
fbem-29591	85	27	by	by	ADP
fbem-29591	85	28	factors	factor	NOUN
fbem-29591	85	29	such	such	ADJ
fbem-29591	85	30	as	as	ADP
fbem-29591	85	31	forward	forward	ADJ
fbem-29591	85	32	interest	interest	NOUN
fbem-29591	85	33	rate	rate	NOUN
fbem-29591	85	34	forecasts	forecast	NOUN
fbem-29591	85	35	.	.	PUNCT
fbem-29591	86	1	5.3.2	5.3.2	X
fbem-29591	86	2	.	.	PUNCT
fbem-29591	87	1	cost	cost	NOUN
fbem-29591	87	2	side	side	NOUN
fbem-29591	87	3	overall	overall	ADJ
fbem-29591	87	4	,	,	PUNCT
fbem-29591	87	5	in	in	ADP
fbem-29591	87	6	china	china	PROPN
fbem-29591	87	7	,	,	PUNCT
fbem-29591	87	8	deposits	deposit	NOUN
fbem-29591	87	9	belong	belong	VERB
fbem-29591	87	10	to	to	ADP
fbem-29591	87	11	the	the	DET
fbem-29591	87	12	"	"	PUNCT
fbem-29591	87	13	rigid	rigid	ADJ
fbem-29591	87	14	redemption	redemption	NOUN
fbem-29591	87	15	"	"	PUNCT
fbem-29591	87	16	part	part	NOUN
fbem-29591	87	17	,	,	PUNCT
fbem-29591	87	18	so	so	CCONJ
fbem-29591	87	19	there	there	PRON
fbem-29591	87	20	is	be	VERB
fbem-29591	87	21	no	no	DET
fbem-29591	87	22	default	default	NOUN
fbem-29591	87	23	risk	risk	NOUN
fbem-29591	87	24	.	.	PUNCT
fbem-29591	88	1	at	at	ADP
fbem-29591	88	2	this	this	DET
fbem-29591	88	3	point	point	NOUN
fbem-29591	88	4	,	,	PUNCT
fbem-29591	88	5	the	the	DET
fbem-29591	88	6	difference	difference	NOUN
fbem-29591	88	7	between	between	ADP
fbem-29591	88	8	fixed	fix	VERB
fbem-29591	88	9	deposits	deposit	NOUN
fbem-29591	88	10	and	and	CCONJ
fbem-29591	88	11	demand	demand	NOUN
fbem-29591	88	12	deposits	deposit	NOUN
fbem-29591	88	13	lies	lie	VERB
fbem-29591	88	14	only	only	ADV
fbem-29591	88	15	in	in	ADP
fbem-29591	88	16	liquidity	liquidity	NOUN
fbem-29591	88	17	.	.	PUNCT
fbem-29591	89	1	current	current	ADJ
fbem-29591	89	2	deposits	deposit	NOUN
fbem-29591	89	3	can	can	AUX
fbem-29591	89	4	be	be	AUX
fbem-29591	89	5	withdrawn	withdraw	VERB
fbem-29591	89	6	at	at	ADP
fbem-29591	89	7	any	any	DET
fbem-29591	89	8	time	time	NOUN
fbem-29591	89	9	,	,	PUNCT
fbem-29591	89	10	while	while	SCONJ
fbem-29591	89	11	if	if	SCONJ
fbem-29591	89	12	fixed	fix	VERB
fbem-29591	89	13	deposits	deposit	NOUN
fbem-29591	89	14	are	be	AUX
fbem-29591	89	15	forcibly	forcibly	ADV
fbem-29591	89	16	withdrawn	withdraw	VERB
fbem-29591	89	17	before	before	ADP
fbem-29591	89	18	maturity	maturity	NOUN
fbem-29591	89	19	,	,	PUNCT
fbem-29591	89	20	according	accord	VERB
fbem-29591	89	21	to	to	ADP
fbem-29591	89	22	the	the	DET
fbem-29591	89	23	customary	customary	ADJ
fbem-29591	89	24	treatment	treatment	NOUN
fbem-29591	89	25	in	in	ADP
fbem-29591	89	26	china	china	PROPN
fbem-29591	89	27	,	,	PUNCT
fbem-29591	89	28	interest	interest	NOUN
fbem-29591	89	29	will	will	AUX
fbem-29591	89	30	be	be	AUX
fbem-29591	89	31	paid	pay	VERB
fbem-29591	89	32	at	at	ADP
fbem-29591	89	33	the	the	DET
fbem-29591	89	34	current	current	ADJ
fbem-29591	89	35	deposit	deposit	NOUN
fbem-29591	89	36	interest	interest	NOUN
fbem-29591	89	37	rate	rate	NOUN
fbem-29591	89	38	.	.	PUNCT
fbem-29591	90	1	from	from	ADP
fbem-29591	90	2	the	the	DET
fbem-29591	90	3	perspective	perspective	NOUN
fbem-29591	90	4	of	of	ADP
fbem-29591	90	5	behavioral	behavioral	ADJ
fbem-29591	90	6	finance	finance	NOUN
fbem-29591	90	7	,	,	PUNCT
fbem-29591	90	8	people	people	NOUN
fbem-29591	90	9	are	be	AUX
fbem-29591	90	10	not	not	PART
fbem-29591	90	11	completely	completely	ADV
fbem-29591	90	12	rational	rational	ADJ
fbem-29591	90	13	,	,	PUNCT
fbem-29591	90	14	which	which	PRON
fbem-29591	90	15	is	be	AUX
fbem-29591	90	16	reflected	reflect	VERB
fbem-29591	90	17	in	in	ADP
fbem-29591	90	18	the	the	DET
fbem-29591	90	19	difference	difference	NOUN
fbem-29591	90	20	in	in	ADP
fbem-29591	90	21	attitudes	attitude	NOUN
fbem-29591	90	22	towards	towards	ADP
fbem-29591	90	23	the	the	DET
fbem-29591	90	24	same	same	ADJ
fbem-29591	90	25	gains	gain	NOUN
fbem-29591	90	26	and	and	CCONJ
fbem-29591	90	27	losses	loss	NOUN
fbem-29591	90	28	.	.	PUNCT
fbem-29591	91	1	the	the	DET
fbem-29591	91	2	pain	pain	NOUN
fbem-29591	91	3	caused	cause	VERB
fbem-29591	91	4	by	by	ADP
fbem-29591	91	5	the	the	DET
fbem-29591	91	6	same	same	ADJ
fbem-29591	91	7	amount	amount	NOUN
fbem-29591	91	8	of	of	ADP
fbem-29591	91	9	loss	loss	NOUN
fbem-29591	91	10	is	be	AUX
fbem-29591	91	11	2.5	2.5	NUM
fbem-29591	91	12	times	time	NOUN
fbem-29591	91	13	that	that	DET
fbem-29591	91	14	of	of	ADP
fbem-29591	91	15	the	the	DET
fbem-29591	91	16	same	same	ADJ
fbem-29591	91	17	amount	amount	NOUN
fbem-29591	91	18	of	of	ADP
fbem-29591	91	19	gain	gain	NOUN
fbem-29591	91	20	.	.	PUNCT
fbem-29591	92	1	from	from	ADP
fbem-29591	92	2	this	this	DET
fbem-29591	92	3	theoretical	theoretical	ADJ
fbem-29591	92	4	analysis	analysis	NOUN
fbem-29591	92	5	,	,	PUNCT
fbem-29591	92	6	people	people	NOUN
fbem-29591	92	7	almost	almost	ADV
fbem-29591	92	8	never	never	ADV
fbem-29591	92	9	withdraw	withdraw	VERB
fbem-29591	92	10	their	their	PRON
fbem-29591	92	11	fixed	fix	VERB
fbem-29591	92	12	deposits	deposit	NOUN
fbem-29591	92	13	in	in	ADP
fbem-29591	92	14	advance	advance	NOUN
fbem-29591	92	15	,	,	PUNCT
fbem-29591	92	16	so	so	ADV
fbem-29591	92	17	their	their	PRON
fbem-29591	92	18	liquidity	liquidity	NOUN
fbem-29591	92	19	is	be	AUX
fbem-29591	92	20	much	much	ADV
fbem-29591	92	21	lower	low	ADJ
fbem-29591	92	22	than	than	ADP
fbem-29591	92	23	that	that	PRON
fbem-29591	92	24	of	of	ADP
fbem-29591	92	25	current	current	ADJ
fbem-29591	92	26	deposits	deposit	NOUN
fbem-29591	92	27	.	.	PUNCT
fbem-29591	93	1	after	after	ADP
fbem-29591	93	2	summarizing	summarize	VERB
fbem-29591	93	3	the	the	DET
fbem-29591	93	4	risks	risk	NOUN
fbem-29591	93	5	and	and	CCONJ
fbem-29591	93	6	returns	return	NOUN
fbem-29591	93	7	,	,	PUNCT
fbem-29591	93	8	it	it	PRON
fbem-29591	93	9	can	can	AUX
fbem-29591	93	10	be	be	AUX
fbem-29591	93	11	concluded	conclude	VERB
fbem-29591	93	12	that	that	SCONJ
fbem-29591	93	13	when	when	SCONJ
fbem-29591	93	14	the	the	DET
fbem-29591	93	15	ratio	ratio	NOUN
fbem-29591	93	16	of	of	ADP
fbem-29591	93	17	fixed	fix	VERB
fbem-29591	93	18	deposits	deposit	NOUN
fbem-29591	93	19	is	be	AUX
fbem-29591	93	20	high	high	ADJ
fbem-29591	93	21	,	,	PUNCT
fbem-29591	93	22	it	it	PRON
fbem-29591	93	23	indicates	indicate	VERB
fbem-29591	93	24	that	that	SCONJ
fbem-29591	93	25	the	the	DET
fbem-29591	93	26	returns	return	NOUN
fbem-29591	93	27	of	of	ADP
fbem-29591	93	28	fixed	fix	VERB
fbem-29591	93	29	deposits	deposit	NOUN
fbem-29591	93	30	can	can	AUX
fbem-29591	93	31	fully	fully	ADV
fbem-29591	93	32	cover	cover	VERB
fbem-29591	93	33	and	and	CCONJ
fbem-29591	93	34	outweigh	outweigh	VERB
fbem-29591	93	35	the	the	DET
fbem-29591	93	36	liquidity	liquidity	NOUN
fbem-29591	93	37	losses	loss	NOUN
fbem-29591	93	38	caused	cause	VERB
fbem-29591	93	39	by	by	ADP
fbem-29591	93	40	investing	invest	VERB
fbem-29591	93	41	in	in	ADP
fbem-29591	93	42	current	current	ADJ
fbem-29591	93	43	deposits	deposit	NOUN
fbem-29591	93	44	;	;	PUNCT
fbem-29591	93	45	when	when	SCONJ
fbem-29591	93	46	the	the	DET
fbem-29591	93	47	fixed	fix	VERB
fbem-29591	93	48	deposit	deposit	NOUN
fbem-29591	93	49	ratio	ratio	NOUN
fbem-29591	93	50	is	be	AUX
fbem-29591	93	51	low	low	ADJ
fbem-29591	93	52	,	,	PUNCT
fbem-29591	93	53	it	it	PRON
fbem-29591	93	54	indicates	indicate	VERB
fbem-29591	93	55	that	that	SCONJ
fbem-29591	93	56	the	the	DET
fbem-29591	93	57	returns	return	NOUN
fbem-29591	93	58	from	from	ADP
fbem-29591	93	59	fixed	fix	VERB
fbem-29591	93	60	deposits	deposit	NOUN
fbem-29591	93	61	exceeding	exceed	VERB
fbem-29591	93	62	those	those	PRON
fbem-29591	93	63	from	from	ADP
fbem-29591	93	64	current	current	ADJ
fbem-29591	93	65	deposits	deposit	NOUN
fbem-29591	93	66	can	can	AUX
fbem-29591	93	67	not	not	PART
fbem-29591	93	68	cover	cover	VERB
fbem-29591	93	69	the	the	DET
fbem-29591	93	70	liquidity	liquidity	NOUN
fbem-29591	93	71	losses	loss	NOUN
fbem-29591	93	72	caused	cause	VERB
fbem-29591	93	73	by	by	ADP
fbem-29591	93	74	investing	invest	VERB
fbem-29591	93	75	in	in	ADP
fbem-29591	93	76	current	current	ADJ
fbem-29591	93	77	deposits	deposit	NOUN
fbem-29591	93	78	.	.	PUNCT
fbem-29591	94	1	from	from	ADP
fbem-29591	94	2	this	this	DET
fbem-29591	94	3	conclusion	conclusion	NOUN
fbem-29591	94	4	,	,	PUNCT
fbem-29591	94	5	it	it	PRON
fbem-29591	94	6	can	can	AUX
fbem-29591	94	7	be	be	AUX
fbem-29591	94	8	concluded	conclude	VERB
fbem-29591	94	9	that	that	SCONJ
fbem-29591	94	10	the	the	DET
fbem-29591	94	11	fixed	fix	VERB
fbem-29591	94	12	deposit	deposit	NOUN
fbem-29591	94	13	ratio	ratio	NOUN
fbem-29591	94	14	is	be	AUX
fbem-29591	94	15	a	a	DET
fbem-29591	94	16	variable	variable	NOUN
fbem-29591	94	17	that	that	PRON
fbem-29591	94	18	the	the	DET
fbem-29591	94	19	central	central	ADJ
fbem-29591	94	20	bank	bank	NOUN
fbem-29591	94	21	can	can	AUX
fbem-29591	94	22	control	control	VERB
fbem-29591	94	23	through	through	ADP
fbem-29591	94	24	the	the	DET
fbem-29591	94	25	interest	interest	NOUN
fbem-29591	94	26	rate	rate	NOUN
fbem-29591	94	27	spread	spread	NOUN
fbem-29591	94	28	of	of	ADP
fbem-29591	94	29	fixed	fix	VERB
fbem-29591	94	30	demand	demand	NOUN
fbem-29591	94	31	deposits	deposit	NOUN
fbem-29591	94	32	,	,	PUNCT
fbem-29591	94	33	which	which	PRON
fbem-29591	94	34	to	to	ADP
fbem-29591	94	35	some	some	DET
fbem-29591	94	36	extent	extent	NOUN
fbem-29591	94	37	reflects	reflect	VERB
fbem-29591	94	38	the	the	DET
fbem-29591	94	39	tendency	tendency	NOUN
fbem-29591	94	40	of	of	ADP
fbem-29591	94	41	the	the	DET
fbem-29591	94	42	central	central	ADJ
fbem-29591	94	43	bank	bank	NOUN
fbem-29591	94	44	's	's	PART
fbem-29591	94	45	monetary	monetary	ADJ
fbem-29591	94	46	policy	policy	NOUN
fbem-29591	94	47	.	.	PUNCT
fbem-29591	95	1	6	6	X
fbem-29591	95	2	.	.	X
fbem-29591	95	3	factor	factor	NOUN
fbem-29591	95	4	fitting	fitting	ADJ
fbem-29591	95	5	of	of	ADP
fbem-29591	95	6	monetary	monetary	ADJ
fbem-29591	95	7	multiplier	multiplier	ADV
fbem-29591	95	8	based	base	VERB
fbem-29591	95	9	on	on	ADP
fbem-29591	95	10	the	the	DET
fbem-29591	95	11	above	above	ADJ
fbem-29591	95	12	data	data	NOUN
fbem-29591	95	13	collection	collection	NOUN
fbem-29591	95	14	,	,	PUNCT
fbem-29591	95	15	factor	factor	NOUN
fbem-29591	95	16	analysis	analysis	NOUN
fbem-29591	95	17	,	,	PUNCT
fbem-29591	95	18	and	and	CCONJ
fbem-29591	95	19	model	model	NOUN
fbem-29591	95	20	establishment	establishment	NOUN
fbem-29591	95	21	,	,	PUNCT
fbem-29591	95	22	regression	regression	NOUN
fbem-29591	95	23	fitting	fitting	ADJ
fbem-29591	95	24	was	be	AUX
fbem-29591	95	25	performed	perform	VERB
fbem-29591	95	26	on	on	ADP
fbem-29591	95	27	the	the	DET
fbem-29591	95	28	monetary	monetary	ADJ
fbem-29591	95	29	multiplier	multiplier	NOUN
fbem-29591	95	30	,	,	PUNCT
fbem-29591	95	31	and	and	CCONJ
fbem-29591	95	32	the	the	DET
fbem-29591	95	33	results	result	NOUN
fbem-29591	95	34	are	be	AUX
fbem-29591	95	35	shown	show	VERB
fbem-29591	95	36	in	in	ADP
fbem-29591	95	37	table	table	NOUN
fbem-29591	95	38	1	1	NUM
fbem-29591	95	39	.	.	PUNCT
fbem-29591	95	40	table	table	NOUN
fbem-29591	95	41	1	1	NUM
fbem-29591	95	42	.	.	PUNCT
fbem-29591	96	1	fitting	fitting	ADJ
fbem-29591	96	2	results	result	NOUN
fbem-29591	96	3	(	(	PUNCT
fbem-29591	96	4	1	1	NUM
fbem-29591	96	5	)	)	PUNCT
fbem-29591	96	6	(	(	PUNCT
fbem-29591	96	7	2	2	NUM
fbem-29591	96	8	)	)	PUNCT
fbem-29591	96	9	(	(	PUNCT
fbem-29591	96	10	3	3	X
fbem-29591	96	11	)	)	PUNCT
fbem-29591	96	12	(	(	PUNCT
fbem-29591	96	13	4	4	X
fbem-29591	96	14	)	)	PUNCT
fbem-29591	96	15	variables	variable	NOUN
fbem-29591	96	16	m1	m1	PROPN
fbem-29591	96	17	m2	m2	PROPN
fbem-29591	96	18	m1	m1	PROPN
fbem-29591	96	19	(	(	PUNCT
fbem-29591	96	20	rd	rd	NOUN
fbem-29591	96	21	)	)	PUNCT
fbem-29591	96	22	m2	m2	PROPN
fbem-29591	96	23	(	(	PUNCT
fbem-29591	96	24	rd	rd	NOUN
fbem-29591	96	25	)	)	PUNCT
fbem-29591	96	26	t	t	NOUN
fbem-29591	96	27			NOUN
fbem-29591	96	28	-349,273	-349,273	PUNCT
fbem-29591	96	29	*	*	PUNCT
fbem-29591	96	30	*	*	PUNCT
fbem-29591	96	31	-332,835	-332,835	PROPN
fbem-29591	96	32	*	*	NOUN
fbem-29591	96	33	*	*	PUNCT
fbem-29591	96	34	(	(	PUNCT
fbem-29591	96	35	149,175	149,175	NUM
fbem-29591	96	36	)	)	PUNCT
fbem-29591	96	37	(	(	PUNCT
fbem-29591	96	38	158,970	158,970	NUM
fbem-29591	96	39	)	)	PUNCT
fbem-29591	96	40	t	t	NOUN
fbem-29591	96	41			PROPN
fbem-29591	96	42	-0.625	-0.625	PROPN
fbem-29591	96	43	*	*	PUNCT
fbem-29591	96	44	*	*	PUNCT
fbem-29591	96	45	*	*	PUNCT
fbem-29591	96	46	-1.467	-1.467	PUNCT
fbem-29591	96	47	*	*	PUNCT
fbem-29591	96	48	*	*	PUNCT
fbem-29591	96	49	*	*	PUNCT
fbem-29591	96	50	(	(	PUNCT
fbem-29591	96	51	0.162	0.162	NUM
fbem-29591	96	52	)	)	PUNCT
fbem-29591	96	53	(	(	PUNCT
fbem-29591	96	54	0.539	0.539	NUM
fbem-29591	96	55	)	)	PUNCT
fbem-29591	96	56	t	t	PROPN
fbem-29591	96	57			NUM
fbem-29591	96	58	-9.828	-9.828	PUNCT
fbem-29591	96	59	-16.69	-16.69	VERB
fbem-29591	96	60	*	*	NOUN
fbem-29591	96	61	*	*	PUNCT
fbem-29591	96	62	*	*	PUNCT
fbem-29591	96	63	(	(	PUNCT
fbem-29591	96	64	5.970	5.970	NUM
fbem-29591	96	65	)	)	PUNCT
fbem-29591	96	66	(	(	PUNCT
fbem-29591	96	67	6.017	6.017	NUM
fbem-29591	96	68	)	)	PUNCT
fbem-29591	96	69	t,2	t,2	NOUN
fbem-29591	96	70			PROPN
fbem-29591	96	71	-0.00162	-0.00162	NOUN
fbem-29591	96	72	0.764	0.764	NUM
fbem-29591	96	73	(	(	PUNCT
fbem-29591	96	74	0.201	0.201	NUM
fbem-29591	96	75	)	)	PUNCT
fbem-29591	96	76	(	(	PUNCT
fbem-29591	96	77	0.634	0.634	NUM
fbem-29591	96	78	)	)	PUNCT
fbem-29591	96	79	constant	constant	ADJ
fbem-29591	96	80	242,104	242,104	NUM
fbem-29591	96	81	*	*	X
fbem-29591	96	82	*	*	PUNCT
fbem-29591	96	83	30.50	30.50	NUM
fbem-29591	96	84	*	*	PUNCT
fbem-29591	96	85	*	*	PUNCT
fbem-29591	96	86	*	*	PUNCT
fbem-29591	96	87	230,708	230,708	NUM
fbem-29591	96	88	*	*	PUNCT
fbem-29591	96	89	*	*	PUNCT
fbem-29591	96	90	32.85	32.85	NUM
fbem-29591	96	91	*	*	PUNCT
fbem-29591	96	92	*	*	PUNCT
fbem-29591	96	93	*	*	PUNCT
fbem-29591	96	94	(	(	PUNCT
fbem-29591	96	95	103,400	103,400	NUM
fbem-29591	96	96	)	)	PUNCT
fbem-29591	96	97	(	(	PUNCT
fbem-29591	96	98	8.311	8.311	NUM
fbem-29591	96	99	)	)	PUNCT
fbem-29591	96	100	(	(	PUNCT
fbem-29591	96	101	110,190	110,190	NUM
fbem-29591	96	102	)	)	PUNCT
fbem-29591	96	103	(	(	PUNCT
fbem-29591	96	104	8.488	8.488	NUM
fbem-29591	96	105	)	)	PUNCT
fbem-29591	96	106	observations	observation	NOUN
fbem-29591	96	107	115	115	NUM
fbem-29591	96	108	115	115	NUM
fbem-29591	96	109	115	115	NUM
fbem-29591	96	110	115	115	NUM
fbem-29591	96	111	r	r	NOUN
fbem-29591	96	112	-	-	PUNCT
fbem-29591	96	113	squared	square	VERB
fbem-29591	96	114	0.151	0.151	NUM
fbem-29591	96	115	0.113	0.113	NUM
fbem-29591	96	116	0.038	0.038	NUM
fbem-29591	96	117	0.066	0.066	NUM
fbem-29591	96	118	*	*	PUNCT
fbem-29591	96	119	*	*	PUNCT
fbem-29591	96	120	*	*	PUNCT
fbem-29591	96	121	p<0.01	p<0.01	PROPN
fbem-29591	96	122	,	,	PUNCT
fbem-29591	96	123	*	*	PUNCT
fbem-29591	96	124	*	*	PUNCT
fbem-29591	96	125	p<0.05	p<0.05	NOUN
fbem-29591	96	126	,	,	PUNCT
fbem-29591	96	127	*	*	PUNCT
fbem-29591	96	128	p<0.1	p<0.1	NUM
fbem-29591	96	129	the	the	DET
fbem-29591	96	130	first	first	ADJ
fbem-29591	96	131	two	two	NUM
fbem-29591	96	132	columns	column	NOUN
fbem-29591	96	133	represent	represent	VERB
fbem-29591	96	134	the	the	DET
fbem-29591	96	135	regression	regression	NOUN
fbem-29591	96	136	fitting	fitting	ADJ
fbem-29591	96	137	data	datum	NOUN
fbem-29591	96	138	of	of	ADP
fbem-29591	96	139	m1	m1	PROPN
fbem-29591	96	140	and	and	CCONJ
fbem-29591	96	141	m2	m2	PROPN
fbem-29591	96	142	using	use	VERB
fbem-29591	96	143	the	the	DET
fbem-29591	96	144	sum	sum	NOUN
fbem-29591	96	145	of	of	ADP
fbem-29591	96	146	the	the	DET
fbem-29591	96	147	statutory	statutory	PROPN
fbem-29591	96	148	reserve	reserve	PROPN
fbem-29591	96	149	requirement	requirement	NOUN
fbem-29591	96	150	ratio	ratio	NOUN
fbem-29591	96	151	and	and	CCONJ
fbem-29591	96	152	the	the	DET
fbem-29591	96	153	excess	excess	ADJ
fbem-29591	96	154	reserve	reserve	NOUN
fbem-29591	96	155	requirement	requirement	NOUN
fbem-29591	96	156	ratio	ratio	NOUN
fbem-29591	96	157	as	as	ADP
fbem-29591	96	158	r	r	NOUN
fbem-29591	96	159	input	input	NOUN
fbem-29591	96	160	into	into	ADP
fbem-29591	96	161	the	the	DET
fbem-29591	96	162	regression	regression	NOUN
fbem-29591	96	163	;	;	PUNCT
fbem-29591	96	164	the	the	DET
fbem-29591	96	165	third	third	ADJ
fbem-29591	96	166	and	and	CCONJ
fbem-29591	96	167	fourth	fourth	ADJ
fbem-29591	96	168	columns	column	NOUN
fbem-29591	96	169	represent	represent	VERB
fbem-29591	96	170	the	the	DET
fbem-29591	96	171	regression	regression	NOUN
fbem-29591	96	172	fitting	fitting	ADJ
fbem-29591	96	173	data	datum	NOUN
fbem-29591	96	174	of	of	ADP
fbem-29591	96	175	m1	m1	PROPN
fbem-29591	96	176	and	and	CCONJ
fbem-29591	96	177	m2	m2	PROPN
fbem-29591	96	178	using	use	VERB
fbem-29591	96	179	only	only	ADV
fbem-29591	96	180	the	the	DET
fbem-29591	96	181	statutory	statutory	PROPN
fbem-29591	96	182	reserve	reserve	PROPN
fbem-29591	96	183	requirement	requirement	NOUN
fbem-29591	96	184	without	without	ADP
fbem-29591	96	185	using	use	VERB
fbem-29591	96	186	excess	excess	ADJ
fbem-29591	96	187	reserve	reserve	NOUN
fbem-29591	96	188	requirement	requirement	NOUN
fbem-29591	96	189	as	as	ADP
fbem-29591	96	190	r.	r.	PROPN
fbem-29591	96	191	the	the	DET
fbem-29591	96	192	corresponding	correspond	VERB
fbem-29591	96	193	second	second	ADJ
fbem-29591	96	194	part	part	NOUN
fbem-29591	96	195	of	of	ADP
fbem-29591	96	196	the	the	DET
fbem-29591	96	197	regression	regression	NOUN
fbem-29591	96	198	is	be	AUX
fbem-29591	96	199	modified	modify	VERB
fbem-29591	96	200	accordingly	accordingly	ADV
fbem-29591	96	201	.	.	PUNCT
fbem-29591	97	1	from	from	ADP
fbem-29591	97	2	the	the	DET
fbem-29591	97	3	comparison	comparison	NOUN
fbem-29591	97	4	between	between	ADP
fbem-29591	97	5	the	the	DET
fbem-29591	97	6	first	first	ADJ
fbem-29591	97	7	and	and	CCONJ
fbem-29591	97	8	second	second	ADJ
fbem-29591	97	9	columns	column	NOUN
fbem-29591	97	10	,	,	PUNCT
fbem-29591	97	11	it	it	PRON
fbem-29591	97	12	can	can	AUX
fbem-29591	97	13	be	be	AUX
fbem-29591	97	14	seen	see	VERB
fbem-29591	97	15	that	that	SCONJ
fbem-29591	97	16	the	the	DET
fbem-29591	97	17	fitting	fitting	ADJ
fbem-29591	97	18	effect	effect	NOUN
fbem-29591	97	19	of	of	ADP
fbem-29591	97	20	factor	factor	NOUN
fbem-29591	97	21	regression	regression	NOUN
fbem-29591	97	22	is	be	AUX
fbem-29591	97	23	better	well	ADJ
fbem-29591	97	24	than	than	ADP
fbem-29591	97	25	that	that	PRON
fbem-29591	97	26	of	of	ADP
fbem-29591	97	27	regression	regression	NOUN
fbem-29591	97	28	both	both	DET
fbem-29591	97	29	explanatory	explanatory	ADJ
fbem-29591	97	30	variables	variable	NOUN
fbem-29591	97	31	of	of	ADP
fbem-29591	97	32	the	the	DET
fbem-29591	97	33	former	former	ADJ
fbem-29591	97	34	are	be	AUX
fbem-29591	97	35	significant	significant	ADJ
fbem-29591	97	36	at	at	ADP
fbem-29591	97	37	the	the	DET
fbem-29591	97	38	0.01	0.01	NUM
fbem-29591	97	39	level	level	NOUN
fbem-29591	97	40	;	;	PUNCT
fbem-29591	97	41	the	the	DET
fbem-29591	97	42	latter	latter	ADJ
fbem-29591	97	43	only	only	ADV
fbem-29591	97	44	has	have	VERB
fbem-29591	97	45	one	one	NUM
fbem-29591	97	46	explanatory	explanatory	ADJ
fbem-29591	97	47	variable	variable	NOUN
fbem-29591	97	48	significant	significant	ADJ
fbem-29591	97	49	at	at	ADP
fbem-29591	97	50	the	the	DET
fbem-29591	97	51	0.01	0.01	NUM
fbem-29591	97	52	level	level	NOUN
fbem-29591	97	53	,	,	PUNCT
fbem-29591	97	54	while	while	SCONJ
fbem-29591	97	55	the	the	DET
fbem-29591	97	56	other	other	ADJ
fbem-29591	97	57	explanatory	explanatory	ADJ
fbem-29591	97	58	variable	variable	NOUN
fbem-29591	97	59	is	be	AUX
fbem-29591	97	60	not	not	PART
fbem-29591	97	61	significant	significant	ADJ
fbem-29591	97	62	.	.	PUNCT
fbem-29591	98	1	this	this	PRON
fbem-29591	98	2	may	may	AUX
fbem-29591	98	3	be	be	AUX
fbem-29591	98	4	because	because	SCONJ
fbem-29591	98	5	m2	m2	PROPN
fbem-29591	98	6	carries	carry	VERB
fbem-29591	98	7	a	a	DET
fbem-29591	98	8	certain	certain	ADJ
fbem-29591	98	9	degree	degree	NOUN
fbem-29591	98	10	of	of	ADP
fbem-29591	98	11	credit	credit	NOUN
fbem-29591	98	12	,	,	PUNCT
fbem-29591	98	13	that	that	ADV
fbem-29591	98	14	is	is	ADV
fbem-29591	98	15	,	,	PUNCT
fbem-29591	98	16	the	the	DET
fbem-29591	98	17	pre	pre	ADJ
fbem-29591	98	18	calculation	calculation	NOUN
fbem-29591	98	19	property	property	NOUN
fbem-29591	98	20	of	of	ADP
fbem-29591	98	21	currency	currency	NOUN
fbem-29591	98	22	in	in	ADP
fbem-29591	98	23	time	time	NOUN
fbem-29591	98	24	,	,	PUNCT
fbem-29591	98	25	and	and	CCONJ
fbem-29591	98	26	there	there	PRON
fbem-29591	98	27	are	be	VERB
fbem-29591	98	28	problems	problem	NOUN
fbem-29591	98	29	in	in	ADP
fbem-29591	98	30	measuring	measure	VERB
fbem-29591	98	31	the	the	DET
fbem-29591	98	32	extra	extra	ADJ
fbem-29591	98	33	"	"	PUNCT
fbem-29591	98	34	credit	credit	NOUN
fbem-29591	98	35	funds	fund	NOUN
fbem-29591	98	36	"	"	PUNCT
fbem-29591	98	37	in	in	ADP
fbem-29591	98	38	this	this	DET
fbem-29591	98	39	part	part	NOUN
fbem-29591	98	40	.	.	PUNCT
fbem-29591	99	1	as	as	ADP
fbem-29591	99	2	for	for	ADP
fbem-29591	99	3	the	the	DET
fbem-29591	99	4	overdraft	overdraft	NOUN
fbem-29591	99	5	limit	limit	NOUN
fbem-29591	99	6	of	of	ADP
fbem-29591	99	7	a	a	DET
fbem-29591	99	8	credit	credit	NOUN
fbem-29591	99	9	card	card	NOUN
fbem-29591	99	10	,	,	PUNCT
fbem-29591	99	11	this	this	DET
fbem-29591	99	12	part	part	NOUN
fbem-29591	99	13	is	be	AUX
fbem-29591	99	14	included	include	VERB
fbem-29591	99	15	,	,	PUNCT
fbem-29591	99	16	but	but	CCONJ
fbem-29591	99	17	there	there	PRON
fbem-29591	99	18	is	be	VERB
fbem-29591	99	19	a	a	DET
fbem-29591	99	20	discrepancy	discrepancy	NOUN
fbem-29591	99	21	in	in	ADP
fbem-29591	99	22	whether	whether	SCONJ
fbem-29591	99	23	the	the	DET
fbem-29591	99	24	specific	specific	ADJ
fbem-29591	99	25	amount	amount	NOUN
fbem-29591	99	26	is	be	AUX
fbem-29591	99	27	calculated	calculate	VERB
fbem-29591	99	28	based	base	VERB
fbem-29591	99	29	on	on	ADP
fbem-29591	99	30	the	the	DET
fbem-29591	99	31	total	total	ADJ
fbem-29591	99	32	credit	credit	NOUN
fbem-29591	99	33	amount	amount	NOUN
fbem-29591	99	34	or	or	CCONJ
fbem-29591	99	35	the	the	DET
fbem-29591	99	36	used	use	VERB
fbem-29591	99	37	credit	credit	NOUN
fbem-29591	99	38	limit	limit	NOUN
fbem-29591	99	39	.	.	PUNCT
fbem-29591	100	1	this	this	DET
fbem-29591	100	2	article	article	NOUN
fbem-29591	100	3	believes	believe	VERB
fbem-29591	100	4	that	that	SCONJ
fbem-29591	100	5	it	it	PRON
fbem-29591	100	6	is	be	AUX
fbem-29591	100	7	these	these	DET
fbem-29591	100	8	factors	factor	NOUN
fbem-29591	100	9	that	that	PRON
fbem-29591	100	10	cause	cause	VERB
fbem-29591	100	11	the	the	DET
fbem-29591	100	12	difference	difference	NOUN
fbem-29591	100	13	between	between	ADP
fbem-29591	100	14	the	the	DET
fbem-29591	100	15	specific	specific	ADJ
fbem-29591	100	16	amount	amount	NOUN
fbem-29591	100	17	calculated	calculate	VERB
fbem-29591	100	18	by	by	ADP
fbem-29591	100	19	the	the	DET
fbem-29591	100	20	92	92	NUM
fbem-29591	100	21	definition	definition	NOUN
fbem-29591	100	22	and	and	CCONJ
fbem-29591	100	23	the	the	DET
fbem-29591	100	24	actual	actual	ADJ
fbem-29591	100	25	amount	amount	NOUN
fbem-29591	100	26	,	,	PUNCT
fbem-29591	100	27	resulting	result	VERB
fbem-29591	100	28	in	in	ADP
fbem-29591	100	29	the	the	DET
fbem-29591	100	30	insignificant	insignificant	ADJ
fbem-29591	100	31	factor	factor	NOUN
fbem-29591	100	32	fitting	fitting	ADJ
fbem-29591	100	33	.	.	PUNCT
fbem-29591	101	1	from	from	ADP
fbem-29591	101	2	the	the	DET
fbem-29591	101	3	comparison	comparison	NOUN
fbem-29591	101	4	between	between	ADP
fbem-29591	101	5	the	the	DET
fbem-29591	101	6	first	first	ADJ
fbem-29591	101	7	and	and	CCONJ
fbem-29591	101	8	second	second	ADJ
fbem-29591	101	9	columns	column	NOUN
fbem-29591	101	10	,	,	PUNCT
fbem-29591	101	11	it	it	PRON
fbem-29591	101	12	can	can	AUX
fbem-29591	101	13	be	be	AUX
fbem-29591	101	14	seen	see	VERB
fbem-29591	101	15	that	that	SCONJ
fbem-29591	101	16	the	the	DET
fbem-29591	101	17	regression	regression	NOUN
fbem-29591	101	18	fitting	fitting	ADJ
fbem-29591	101	19	effect	effect	NOUN
fbem-29591	101	20	considering	consider	VERB
fbem-29591	101	21	the	the	DET
fbem-29591	101	22	excess	excess	ADJ
fbem-29591	101	23	reserve	reserve	NOUN
fbem-29591	101	24	requirement	requirement	NOUN
fbem-29591	101	25	ratio	ratio	NOUN
fbem-29591	101	26	is	be	AUX
fbem-29591	101	27	better	well	ADJ
fbem-29591	101	28	than	than	ADP
fbem-29591	101	29	not	not	PART
fbem-29591	101	30	considering	consider	VERB
fbem-29591	101	31	it	it	PRON
fbem-29591	101	32	.	.	PUNCT
fbem-29591	102	1	this	this	DET
fbem-29591	102	2	conclusion	conclusion	NOUN
fbem-29591	102	3	is	be	AUX
fbem-29591	102	4	obvious	obvious	ADJ
fbem-29591	102	5	because	because	SCONJ
fbem-29591	102	6	the	the	DET
fbem-29591	102	7	excess	excess	ADJ
fbem-29591	102	8	reserve	reserve	NOUN
fbem-29591	102	9	requirement	requirement	NOUN
fbem-29591	102	10	ratio	ratio	NOUN
fbem-29591	102	11	plays	play	VERB
fbem-29591	102	12	a	a	DET
fbem-29591	102	13	similar	similar	ADJ
fbem-29591	102	14	role	role	NOUN
fbem-29591	102	15	to	to	ADP
fbem-29591	102	16	the	the	DET
fbem-29591	102	17	deposit	deposit	NOUN
fbem-29591	102	18	reserve	reserve	NOUN
fbem-29591	102	19	ratio	ratio	NOUN
fbem-29591	102	20	in	in	ADP
fbem-29591	102	21	calculating	calculate	VERB
fbem-29591	102	22	the	the	DET
fbem-29591	102	23	money	money	NOUN
fbem-29591	102	24	multiplier	multiplier	ADV
fbem-29591	102	25	,	,	PUNCT
fbem-29591	102	26	so	so	SCONJ
fbem-29591	102	27	it	it	PRON
fbem-29591	102	28	can	can	AUX
fbem-29591	102	29	not	not	PART
fbem-29591	102	30	be	be	AUX
fbem-29591	102	31	ignored	ignore	VERB
fbem-29591	102	32	.	.	PUNCT
fbem-29591	103	1	the	the	DET
fbem-29591	103	2	results	result	NOUN
fbem-29591	103	3	of	of	ADP
fbem-29591	103	4	columns	column	NOUN
fbem-29591	103	5	one	one	NUM
fbem-29591	103	6	and	and	CCONJ
fbem-29591	103	7	three	three	NUM
fbem-29591	103	8	can	can	AUX
fbem-29591	103	9	serve	serve	VERB
fbem-29591	103	10	as	as	ADP
fbem-29591	103	11	a	a	DET
fbem-29591	103	12	proof	proof	NOUN
fbem-29591	103	13	that	that	SCONJ
fbem-29591	103	14	the	the	DET
fbem-29591	103	15	excess	excess	ADJ
fbem-29591	103	16	reserve	reserve	NOUN
fbem-29591	103	17	requirement	requirement	NOUN
fbem-29591	103	18	ratio	ratio	NOUN
fbem-29591	103	19	must	must	AUX
fbem-29591	103	20	be	be	AUX
fbem-29591	103	21	included	include	VERB
fbem-29591	103	22	in	in	ADP
fbem-29591	103	23	the	the	DET
fbem-29591	103	24	analysis	analysis	NOUN
fbem-29591	103	25	of	of	ADP
fbem-29591	103	26	money	money	NOUN
fbem-29591	103	27	multiplier	multipli	ADJ
fbem-29591	103	28	factors	factor	NOUN
fbem-29591	103	29	.	.	PUNCT
fbem-29591	104	1	the	the	DET
fbem-29591	104	2	regression	regression	NOUN
fbem-29591	104	3	results	result	VERB
fbem-29591	104	4	to	to	ADP
fbem-29591	104	5	some	some	DET
fbem-29591	104	6	extent	extent	NOUN
fbem-29591	104	7	reflect	reflect	VERB
fbem-29591	104	8	the	the	DET
fbem-29591	104	9	principle	principle	NOUN
fbem-29591	104	10	of	of	ADP
fbem-29591	104	11	the	the	DET
fbem-29591	104	12	composition	composition	NOUN
fbem-29591	104	13	of	of	ADP
fbem-29591	104	14	monetary	monetary	ADJ
fbem-29591	104	15	multiplier	multipli	ADJ
fbem-29591	104	16	factors	factor	NOUN
fbem-29591	104	17	,	,	PUNCT
fbem-29591	104	18	but	but	CCONJ
fbem-29591	104	19	this	this	DET
fbem-29591	104	20	article	article	NOUN
fbem-29591	104	21	believes	believe	VERB
fbem-29591	104	22	that	that	SCONJ
fbem-29591	104	23	there	there	PRON
fbem-29591	104	24	are	be	VERB
fbem-29591	104	25	still	still	ADV
fbem-29591	104	26	some	some	DET
fbem-29591	104	27	problems	problem	NOUN
fbem-29591	104	28	,	,	PUNCT
fbem-29591	104	29	which	which	PRON
fbem-29591	104	30	are	be	AUX
fbem-29591	104	31	summarized	summarize	VERB
fbem-29591	104	32	as	as	SCONJ
fbem-29591	104	33	follows	follow	VERB
fbem-29591	104	34	.	.	PUNCT
fbem-29591	105	1	the	the	DET
fbem-29591	105	2	handling	handling	NOUN
fbem-29591	105	3	of	of	ADP
fbem-29591	105	4	the	the	DET
fbem-29591	105	5	reserve	reserve	PROPN
fbem-29591	105	6	requirement	requirement	NOUN
fbem-29591	105	7	ratio	ratio	NOUN
fbem-29591	105	8	only	only	ADV
fbem-29591	105	9	considers	consider	VERB
fbem-29591	105	10	changes	change	NOUN
fbem-29591	105	11	over	over	ADP
fbem-29591	105	12	time	time	NOUN
fbem-29591	105	13	,	,	PUNCT
fbem-29591	105	14	without	without	ADP
fbem-29591	105	15	taking	take	VERB
fbem-29591	105	16	into	into	ADP
fbem-29591	105	17	account	account	NOUN
fbem-29591	105	18	changes	change	NOUN
fbem-29591	105	19	in	in	ADP
fbem-29591	105	20	the	the	DET
fbem-29591	105	21	applicable	applicable	ADJ
fbem-29591	105	22	entities	entity	NOUN
fbem-29591	105	23	.	.	PUNCT
fbem-29591	106	1	if	if	SCONJ
fbem-29591	106	2	there	there	PRON
fbem-29591	106	3	is	be	VERB
fbem-29591	106	4	a	a	DET
fbem-29591	106	5	difference	difference	NOUN
fbem-29591	106	6	in	in	ADP
fbem-29591	106	7	the	the	DET
fbem-29591	106	8	applicable	applicable	ADJ
fbem-29591	106	9	reserve	reserve	NOUN
fbem-29591	106	10	requirement	requirement	NOUN
fbem-29591	106	11	ratio	ratio	NOUN
fbem-29591	106	12	between	between	ADP
fbem-29591	106	13	large	large	ADJ
fbem-29591	106	14	and	and	CCONJ
fbem-29591	106	15	small	small	ADJ
fbem-29591	106	16	banks	bank	NOUN
fbem-29591	106	17	in	in	ADP
fbem-29591	106	18	china	china	PROPN
fbem-29591	106	19	,	,	PUNCT
fbem-29591	106	20	due	due	ADP
fbem-29591	106	21	to	to	ADP
fbem-29591	106	22	liquidity	liquidity	NOUN
fbem-29591	106	23	and	and	CCONJ
fbem-29591	106	24	size	size	NOUN
fbem-29591	106	25	considerations	consideration	NOUN
fbem-29591	106	26	,	,	PUNCT
fbem-29591	106	27	the	the	DET
fbem-29591	106	28	reserve	reserve	NOUN
fbem-29591	106	29	requirement	requirement	NOUN
fbem-29591	106	30	ratio	ratio	NOUN
fbem-29591	106	31	of	of	ADP
fbem-29591	106	32	large	large	ADJ
fbem-29591	106	33	banks	bank	NOUN
fbem-29591	106	34	is	be	AUX
fbem-29591	106	35	generally	generally	ADV
fbem-29591	106	36	higher	high	ADJ
fbem-29591	106	37	than	than	ADP
fbem-29591	106	38	that	that	PRON
fbem-29591	106	39	of	of	ADP
fbem-29591	106	40	small	small	ADJ
fbem-29591	106	41	banks	bank	NOUN
fbem-29591	106	42	.	.	PUNCT
fbem-29591	107	1	and	and	CCONJ
fbem-29591	107	2	there	there	PRON
fbem-29591	107	3	are	be	VERB
fbem-29591	107	4	policy	policy	NOUN
fbem-29591	107	5	biases	bias	NOUN
fbem-29591	107	6	,	,	PUNCT
fbem-29591	107	7	such	such	ADJ
fbem-29591	107	8	as	as	ADP
fbem-29591	107	9	some	some	DET
fbem-29591	107	10	policy	policy	NOUN
fbem-29591	107	11	"	"	PUNCT
fbem-29591	107	12	subsidies	subsidy	NOUN
fbem-29591	107	13	"	"	PUNCT
fbem-29591	107	14	for	for	ADP
fbem-29591	107	15	the	the	DET
fbem-29591	107	16	statutory	statutory	ADJ
fbem-29591	107	17	deposit	deposit	NOUN
fbem-29591	107	18	margin	margin	NOUN
fbem-29591	107	19	rate	rate	NOUN
fbem-29591	107	20	of	of	ADP
fbem-29591	107	21	rural	rural	ADJ
fbem-29591	107	22	deposit	deposit	NOUN
fbem-29591	107	23	financial	financial	ADJ
fbem-29591	107	24	institutions	institution	NOUN
fbem-29591	107	25	,	,	PUNCT
fbem-29591	107	26	allowing	allow	VERB
fbem-29591	107	27	them	they	PRON
fbem-29591	107	28	to	to	PART
fbem-29591	107	29	operate	operate	VERB
fbem-29591	107	30	at	at	ADP
fbem-29591	107	31	extremely	extremely	ADV
fbem-29591	107	32	low	low	ADJ
fbem-29591	107	33	deposit	deposit	NOUN
fbem-29591	107	34	margin	margin	NOUN
fbem-29591	107	35	rates	rate	NOUN
fbem-29591	107	36	.	.	PUNCT
fbem-29591	108	1	however	however	ADV
fbem-29591	108	2	,	,	PUNCT
fbem-29591	108	3	due	due	ADP
fbem-29591	108	4	to	to	ADP
fbem-29591	108	5	the	the	DET
fbem-29591	108	6	high	high	ADJ
fbem-29591	108	7	difficulty	difficulty	NOUN
fbem-29591	108	8	of	of	ADP
fbem-29591	108	9	data	datum	NOUN
fbem-29591	108	10	search	search	NOUN
fbem-29591	108	11	,	,	PUNCT
fbem-29591	108	12	this	this	DET
fbem-29591	108	13	article	article	NOUN
fbem-29591	108	14	failed	fail	VERB
fbem-29591	108	15	to	to	PART
fbem-29591	108	16	make	make	VERB
fbem-29591	108	17	further	further	ADJ
fbem-29591	108	18	breakthroughs	breakthrough	NOUN
fbem-29591	108	19	in	in	ADP
fbem-29591	108	20	the	the	DET
fbem-29591	108	21	application	application	NOUN
fbem-29591	108	22	subject	subject	NOUN
fbem-29591	108	23	of	of	ADP
fbem-29591	108	24	margin	margin	NOUN
fbem-29591	108	25	rate	rate	NOUN
fbem-29591	108	26	.	.	PUNCT
fbem-29591	109	1	the	the	DET
fbem-29591	109	2	frequency	frequency	NOUN
fbem-29591	109	3	of	of	ADP
fbem-29591	109	4	data	datum	NOUN
fbem-29591	109	5	updates	update	NOUN
fbem-29591	109	6	is	be	AUX
fbem-29591	109	7	difficult	difficult	ADJ
fbem-29591	109	8	to	to	PART
fbem-29591	109	9	synchronize	synchronize	VERB
fbem-29591	109	10	,	,	PUNCT
fbem-29591	109	11	resulting	result	VERB
fbem-29591	109	12	in	in	ADP
fbem-29591	109	13	biased	biased	ADJ
fbem-29591	109	14	results	result	NOUN
fbem-29591	109	15	.	.	PUNCT
fbem-29591	110	1	the	the	DET
fbem-29591	110	2	regression	regression	NOUN
fbem-29591	110	3	in	in	ADP
fbem-29591	110	4	this	this	DET
fbem-29591	110	5	section	section	NOUN
fbem-29591	110	6	mainly	mainly	ADV
fbem-29591	110	7	relies	rely	VERB
fbem-29591	110	8	on	on	ADP
fbem-29591	110	9	china	china	PROPN
fbem-29591	110	10	's	's	PART
fbem-29591	110	11	monetary	monetary	ADJ
fbem-29591	110	12	quantity	quantity	NOUN
fbem-29591	110	13	data	datum	NOUN
fbem-29591	110	14	and	and	CCONJ
fbem-29591	110	15	reserve	reserve	PROPN
fbem-29591	110	16	requirement	requirement	NOUN
fbem-29591	110	17	ratio	ratio	NOUN
fbem-29591	110	18	data	data	PROPN
fbem-29591	110	19	,	,	PUNCT
fbem-29591	110	20	which	which	PRON
fbem-29591	110	21	have	have	VERB
fbem-29591	110	22	different	different	ADJ
fbem-29591	110	23	update	update	NOUN
fbem-29591	110	24	frequencies	frequency	NOUN
fbem-29591	110	25	and	and	CCONJ
fbem-29591	110	26	update	update	NOUN
fbem-29591	110	27	concepts	concept	NOUN
fbem-29591	110	28	.	.	PUNCT
fbem-29591	111	1	the	the	DET
fbem-29591	111	2	monetary	monetary	ADJ
fbem-29591	111	3	volume	volume	NOUN
fbem-29591	111	4	data	datum	NOUN
fbem-29591	111	5	shall	shall	AUX
fbem-29591	111	6	be	be	AUX
fbem-29591	111	7	regularly	regularly	ADV
fbem-29591	111	8	released	release	VERB
fbem-29591	111	9	by	by	ADP
fbem-29591	111	10	the	the	DET
fbem-29591	111	11	people	people	NOUN
fbem-29591	111	12	's	's	PART
fbem-29591	111	13	bank	bank	PROPN
fbem-29591	111	14	of	of	ADP
fbem-29591	111	15	china	china	PROPN
fbem-29591	111	16	;	;	PUNCT
fbem-29591	111	17	the	the	DET
fbem-29591	111	18	reserve	reserve	PROPN
fbem-29591	111	19	ratio	ratio	NOUN
fbem-29591	111	20	data	datum	NOUN
fbem-29591	111	21	is	be	AUX
fbem-29591	111	22	updated	update	VERB
fbem-29591	111	23	irregularly	irregularly	ADV
fbem-29591	111	24	,	,	PUNCT
fbem-29591	111	25	and	and	CCONJ
fbem-29591	111	26	the	the	DET
fbem-29591	111	27	fluctuation	fluctuation	NOUN
fbem-29591	111	28	of	of	ADP
fbem-29591	111	29	reserve	reserve	PROPN
fbem-29591	111	30	ratio	ratio	NOUN
fbem-29591	111	31	data	datum	NOUN
fbem-29591	111	32	depends	depend	VERB
fbem-29591	111	33	on	on	ADP
fbem-29591	111	34	the	the	DET
fbem-29591	111	35	development	development	NOUN
fbem-29591	111	36	of	of	ADP
fbem-29591	111	37	specific	specific	ADJ
fbem-29591	111	38	economic	economic	ADJ
fbem-29591	111	39	situations	situation	NOUN
fbem-29591	111	40	.	.	PUNCT
fbem-29591	112	1	as	as	SCONJ
fbem-29591	112	2	mentioned	mention	VERB
fbem-29591	112	3	earlier	early	ADV
fbem-29591	112	4	,	,	PUNCT
fbem-29591	112	5	it	it	PRON
fbem-29591	112	6	exists	exist	VERB
fbem-29591	112	7	more	more	ADV
fbem-29591	112	8	as	as	ADP
fbem-29591	112	9	a	a	DET
fbem-29591	112	10	means	means	NOUN
fbem-29591	112	11	of	of	ADP
fbem-29591	112	12	monetary	monetary	ADJ
fbem-29591	112	13	regulation	regulation	NOUN
fbem-29591	112	14	.	.	PUNCT
fbem-29591	113	1	in	in	ADP
fbem-29591	113	2	reality	reality	NOUN
fbem-29591	113	3	,	,	PUNCT
fbem-29591	113	4	the	the	DET
fbem-29591	113	5	amount	amount	NOUN
fbem-29591	113	6	of	of	ADP
fbem-29591	113	7	currency	currency	NOUN
fbem-29591	113	8	fluctuates	fluctuate	NOUN
fbem-29591	113	9	with	with	ADP
fbem-29591	113	10	the	the	DET
fbem-29591	113	11	reserve	reserve	NOUN
fbem-29591	113	12	ratio	ratio	NOUN
fbem-29591	113	13	at	at	ADP
fbem-29591	113	14	any	any	DET
fbem-29591	113	15	time	time	NOUN
fbem-29591	113	16	,	,	PUNCT
fbem-29591	113	17	but	but	CCONJ
fbem-29591	113	18	it	it	PRON
fbem-29591	113	19	is	be	AUX
fbem-29591	113	20	difficult	difficult	ADJ
fbem-29591	113	21	to	to	PART
fbem-29591	113	22	achieve	achieve	VERB
fbem-29591	113	23	such	such	DET
fbem-29591	113	24	a	a	DET
fbem-29591	113	25	rapid	rapid	ADJ
fbem-29591	113	26	matching	matching	NOUN
fbem-29591	113	27	in	in	ADP
fbem-29591	113	28	data	datum	NOUN
fbem-29591	113	29	.	.	PUNCT
fbem-29591	114	1	this	this	DET
fbem-29591	114	2	frequency	frequency	NOUN
fbem-29591	114	3	difference	difference	NOUN
fbem-29591	114	4	is	be	AUX
fbem-29591	114	5	also	also	ADV
fbem-29591	114	6	one	one	NUM
fbem-29591	114	7	of	of	ADP
fbem-29591	114	8	the	the	DET
fbem-29591	114	9	reasons	reason	NOUN
fbem-29591	114	10	why	why	SCONJ
fbem-29591	114	11	the	the	DET
fbem-29591	114	12	fitting	fitting	ADJ
fbem-29591	114	13	results	result	NOUN
fbem-29591	114	14	do	do	AUX
fbem-29591	114	15	not	not	PART
fbem-29591	114	16	fully	fully	ADV
fbem-29591	114	17	reflect	reflect	VERB
fbem-29591	114	18	the	the	DET
fbem-29591	114	19	real	real	ADJ
fbem-29591	114	20	situation	situation	NOUN
fbem-29591	114	21	.	.	PUNCT
fbem-29591	115	1	references	reference	NOUN
fbem-29591	115	2	[	[	X
fbem-29591	115	3	1	1	NUM
fbem-29591	115	4	]	]	PUNCT
fbem-29591	115	5	anderson	anderson	PROPN
fbem-29591	115	6	r	r	PROPN
fbem-29591	115	7	g	g	PROPN
fbem-29591	115	8	,	,	PUNCT
fbem-29591	115	9	rasche	rasche	NOUN
fbem-29591	115	10	r	r	NOUN
fbem-29591	115	11	h	h	NOUN
fbem-29591	116	1	.the	.the	PRON
fbem-29591	116	2	domestic	domestic	ADJ
fbem-29591	116	3	adjusted	adjust	VERB
fbem-29591	116	4	monetary	monetary	ADJ
fbem-29591	116	5	base[c]//federal	base[c]//federal	PROPN
fbem-29591	116	6	reserve	reserve	PROPN
fbem-29591	116	7	bank	bank	PROPN
fbem-29591	116	8	of	of	ADP
fbem-29591	116	9	st	st	PROPN
fbem-29591	116	10	.	.	PROPN
fbem-29591	116	11	louis	louis	PROPN
fbem-29591	116	12	.	.	PUNCT
fbem-29591	117	1	federal	federal	PROPN
fbem-29591	117	2	reserve	reserve	PROPN
fbem-29591	117	3	bank	bank	PROPN
fbem-29591	117	4	of	of	ADP
fbem-29591	117	5	st	st	PROPN
fbem-29591	117	6	.	.	PROPN
fbem-29591	117	7	louis	louis	PROPN
fbem-29591	117	8	,	,	PUNCT
fbem-29591	117	9	2000	2000	NUM
fbem-29591	117	10	.	.	PUNCT
fbem-29591	118	1	[	[	X
fbem-29591	118	2	2	2	X
fbem-29591	118	3	]	]	PUNCT
fbem-29591	118	4	phuong	phuong	PROPN
fbem-29591	118	5	l	l	PROPN
fbem-29591	118	6	t	t	PROPN
fbem-29591	118	7	t.	t.	NOUN
fbem-29591	118	8	the	the	DET
fbem-29591	118	9	expansion	expansion	NOUN
fbem-29591	118	10	of	of	ADP
fbem-29591	118	11	credit	credit	NOUN
fbem-29591	118	12	activities	activity	NOUN
fbem-29591	118	13	at	at	ADP
fbem-29591	118	14	an	an	DET
fbem-29591	118	15	binh	binh	ADJ
fbem-29591	118	16	commercial	commercial	ADJ
fbem-29591	118	17	joint	joint	PROPN
fbem-29591	118	18	stock	stock	PROPN
fbem-29591	118	19	bank	bank	PROPN
fbem-29591	118	20	(	(	PUNCT
fbem-29591	118	21	ab	ab	PROPN
fbem-29591	118	22	bank	bank	PROPN
fbem-29591	118	23	)	)	PUNCT
fbem-29591	118	24	thai	thai	PROPN
fbem-29591	118	25	nguyen	nguyen	PROPN
fbem-29591	118	26	branch	branch	PROPN
fbem-29591	119	1	[	[	X
fbem-29591	119	2	j	j	X
fbem-29591	119	3	]	]	X
fbem-29591	119	4	.	.	PUNCT
fbem-29591	120	1	2016	2016	NUM
fbem-29591	120	2	.	.	PUNCT
fbem-29591	121	1	[	[	X
fbem-29591	121	2	3	3	NUM
fbem-29591	121	3	]	]	X
fbem-29591	121	4	james	james	PROPN
fbem-29591	121	5	,	,	PUNCT
fbem-29591	121	6	lynch	lynch	PROPN
fbem-29591	121	7	,	,	PUNCT
fbem-29591	121	8	drue	drue	PROPN
fbem-29591	121	9	,	,	PUNCT
fbem-29591	121	10	et	et	PROPN
fbem-29591	121	11	al.the	al.the	DET
fbem-29591	121	12	matchup	matchup	NOUN
fbem-29591	121	13	effect	effect	NOUN
fbem-29591	121	14	of	of	ADP
fbem-29591	121	15	spokesperson	spokesperson	NOUN
fbem-29591	121	16	and	and	CCONJ
fbem-29591	121	17	product	product	NOUN
fbem-29591	121	18	congruency	congruency	NOUN
fbem-29591	121	19	:	:	PUNCT
fbem-29591	121	20	a	a	DET
fbem-29591	121	21	schema	schema	NOUN
fbem-29591	121	22	theory	theory	NOUN
fbem-29591	121	23	interpretation	interpretation	NOUN
fbem-29591	122	1	[	[	X
fbem-29591	122	2	j	j	X
fbem-29591	122	3	]	]	X
fbem-29591	122	4	.	.	PUNCT
fbem-29591	123	1	psychology	psychology	NOUN
fbem-29591	123	2	&	&	CCONJ
fbem-29591	123	3	marketing	marketing	PROPN
fbem-29591	123	4	,	,	PUNCT
fbem-29591	123	5	1994	1994	NUM
fbem-29591	123	6	.	.	PUNCT
fbem-29591	124	1	doi:10.1002	doi:10.1002	NOUN
fbem-29591	124	2	/	/	SYM
fbem-29591	124	3	mar.4220110502	mar.4220110502	NOUN
fbem-29591	124	4	.	.	PUNCT
fbem-29591	125	1	[	[	X
fbem-29591	125	2	4	4	NUM
fbem-29591	125	3	]	]	SYM
fbem-29591	125	4	c	c	X
fbem-29591	125	5	,	,	PUNCT
fbem-29591	125	6	a	a	DET
fbem-29591	125	7	,	,	PUNCT
fbem-29591	125	8	e	e	NOUN
fbem-29591	125	9	,	,	PUNCT
fbem-29591	125	10	et	et	PROPN
fbem-29591	125	11	al	al	PROPN
fbem-29591	125	12	.	.	PUNCT
fbem-29591	126	1	the	the	DET
fbem-29591	126	2	determination	determination	NOUN
fbem-29591	126	3	of	of	ADP
fbem-29591	126	4	the	the	DET
fbem-29591	126	5	money	money	NOUN
fbem-29591	126	6	supply	supply	NOUN
fbem-29591	126	7	:	:	PUNCT
fbem-29591	126	8	flexibility	flexibility	NOUN
fbem-29591	126	9	versus	versus	ADP
fbem-29591	126	10	control	control	NOUN
fbem-29591	126	11	[	[	X
fbem-29591	126	12	j	j	X
fbem-29591	126	13	]	]	X
fbem-29591	126	14	.	.	PUNCT
fbem-29591	127	1	the	the	DET
fbem-29591	127	2	manchester	manchester	PROPN
fbem-29591	127	3	school	school	PROPN
fbem-29591	127	4	,	,	PUNCT
fbem-29591	127	5	2017	2017	NUM
fbem-29591	127	6	,	,	PUNCT
fbem-29591	127	7	85(s1):33	85(s1):33	NUM
fbem-29591	127	8	-	-	SYM
fbem-29591	127	9	56	56	NUM
fbem-29591	127	10	.	.	PUNCT
fbem-29591	128	1	doi:10.1111	doi:10.1111	PROPN
fbem-29591	128	2	/	/	SYM
fbem-29591	128	3	manc.12194	manc.12194	PROPN
fbem-29591	128	4	.	.	PUNCT