中国流动性过剩问题研究  

Research on the problem of Excess Liquidity in China

作　　者：张亦春[1] 刘猛[1] 

机构地区：[1]厦门大学金融系,福建厦门361005

出　　处：《厦门大学学报（哲学社会科学版）》2008年第5期33-40,共8页Journal of Xiamen University(A Bimonthly for Studies in Arts & Social Sciences)

摘　　要：流动性过剩是一个具有普遍性的经济现象。我国宏观经济层面的流动性过剩是内外部因素共同作用的结果,将会在相当长的时期内成为宏观经济的常态。我国宏观调控的重点应从抑制流动性转向如何有效利用过剩的流动性,以当前的流动性过剩为契机,加速股市扩容,保障资本市场稳定发展。这不仅符合我国金融体制改革的主导方向,而且对资本市场的发展具有重大的现实意义。Excess liquidity is a common economic phenomenon. China＇ s excess liquidity at the macroeconomic level has resulted from the interplay between internal and external factors and will remain a normal time. This paper argues that China should shift its emphasis of macroeconomic control from restraining liquidity to utilizing excess liquidity and that China should take the current excess liquidity as an opportunity to accelerate expansion of stock market and ensure stable development of capital market in China. This will not only accord with the main direction of the reform of China＇ s financial system but also have important implications for the development of China＇s capital market.

关 键 词：流动性过剩 宏观调控 资本市场 股市扩容 

分 类 号：F822.2[经济管理—财政学]