货币发行中买入国债与外汇的不同逻辑含义  

Different Logic Meanings of Buying Treasury Bonds and Foreign Exchanges in the Issuance of Currency

作　　者：胡海鸥[1] 欧平[1] 

机构地区：[1]上海交通大学安泰经济与管理学院,上海200052

出　　处：《上海金融》2010年第3期34-37,共4页Shanghai Finance

基　　金：上海交通大学文科科研创新基金项目<我国货币供给机制转轨研究>(课题编号09TS15)的一部分

摘　　要：买入国债和买入外汇的货币发行都以有价证券为担保,但其经济意义却相去甚远。买入外汇的货币发行能应对我国目前的经济问题,但是,因为采取这种发行方式的计划经济体制已经缺失,继续这种发行方式则会使我国管理层在缓解旧的矛盾的同时,面对新的更为严峻的挑战,所以买入外汇的货币发行方式一定要尽快向买入国债的货币发行方式转变。Though buying both treasury bonds and foreign exchanges would take securities as collaterals, the logic meanings are quite different. The issuance of currency by buying foreign exchanges could help dealing with current economic problems, but such approach would impose critical pressure on China＇s economic mechanism. The issuance of currency by buying treasury bonds should be adopted as soon as possible.

关 键 词：货币发行 物资保证 外汇 国债 

分 类 号：F821[经济管理—财政学]