中国货币错配对货币政策中介目标影响的实证研究  

An Empirical Study of the Impact of Currency Mismatch to Monetary Intermediate Targets in China

作　　者：王素琴[1] 

机构地区：[1]湖北第二师范学院数学与数量经济学院,武汉430205

出　　处：《湖北第二师范学院学报》2009年第12期72-78,共7页Journal of Hubei University of Education

摘　　要：近几年,我国货币政策的货币供应量中介目标有效性不尽如人意,表现为基础货币可控性降低、货币乘数不可测及货币流通速度不稳定等。本文运用经济计量方法,实证分析货币错配对当前货币供应量的影响,结论为:货币供应量作为中介目标的有效性降低,原因在于我国存在的债权型货币错配。最后,本文提出了相关建议。In recent years, the effectiveness of monetary intermediate targets is not entirely as desired in China： based on money controllability reduce, the money multiplier and the velocity of circulation unstable and so on. In this paper, methodology is employed to testify the real impact of currency mismatch on the supply of money in China. The conclusion is： the supply of money doesn＇ t suitable for the intermediate targets, and the reason lies in the currency mismatch which our country exists. Finally, the related proposal is forward.

关 键 词：货币错配 货币政策中介目标 钉住汇率制度 

分 类 号：F820[经济管理—财政学]