析金融证券化对货币政策的影响与挑战——基于美国金融危机的分析视角  

Securitization and the Challenge to Monetary Policy:Reflections on the Financial Crisis of the United States

作　　者：徐亚平[1] 

机构地区：[1]安徽大学金融系

出　　处：《世界经济研究》2009年第12期34-39,共6页World Economy Studies

基　　金：中国博士后科学基金特别资助项目<经济运行之不确定性与货币政策的动态调整优化>(200902171);中国博士后科学基金面上项目<货币政策透明性与货币政策有效性>(20070420481)的资助

摘　　要：从金融发展的路径来看,经济货币化发展到一定阶段,便是金融证券化的蓬勃发展,其实质是经济主体互相融通资金规模的扩张和便利程度的提高。金融证券化的蓬勃发展,对流动性的内涵和表现形式产生了巨大影响,进而也对货币政策调控提出了新的挑战。文章结合此次美国的金融危机,反思了美国的货币政策调控,并结合中国实际进行分析。Looking back the development of finance,Securitization growed rapidly after monetization.With the development of securitization, it actually facilitates the efficiency that the economies collect and circulate funds mutually.The expanding of securitization has exerted great influence on the content and form of liquidity,and put forward new questions to monetary policy.On the basis of the financial crisis of the United States,The paper probed deeply into the monetary policy of the United States,and combined it with the practice of China.

关 键 词：证券化 流动性 货币政策 

分 类 号：F822.0[经济管理—财政学]