转型经济的货币深化与货币挤出:中国和俄罗斯的不同  

Money Deepening and Money Crowding Out in Transitional Economies:A Comparative Study of China and Russia

作　　者：徐坡岭[1] 韩爽[1,2] 王志远[3,4] 

机构地区：[1]辽宁大学转型国家经济政治研究中心 [2]辽宁大学国际关系学院 [3]中国社会科学院 [4]新疆社会科学院

出　　处：《经济社会体制比较》2012年第4期79-91,共13页Comparative Economic & Social Systems

基　　金：教育部重点研究基地辽宁大学转型国家经济政治研究中心重大项目"转型政治经济学导论"(10JJDGJW009);辽宁大学211工程建设项目"俄罗斯产业战略与后工业化转型前景研究"

摘　　要：通货膨胀是转型经济所要面临的挑战,因此分析转型经济的货币问题十分必要。通过构建货币深化和货币挤出两种不同货币现象的分析框架,并对中国和俄罗斯的现实情况进行比较,可以发现,货币超发并非通货膨胀的充分条件,只要能够控制好货币的流向,引导货币向货币资本转化,就能够防范和治理通货膨胀,以交易方程式和鲍莫尔—托宾模型的实证检验也印证了上述观点。Inflation is a challenge transitional economies face. Therefore, an analysis of monetary issues in transitional economies is necessary. By building two different analytical frameworks of monetary phenomenon, known as money deepening and money crowding out, and comparing the realities of China with that of Russia, it was found that currency over-issuing does not necessarily cause inflation. That is, as long as the money flow is well controlled and money is transferred into monetary capital, inflation can be prevented and controlled, which can be proved using the equation of exchange and Baumol-Tobin Model.

关 键 词：转型国家 货币深化 货币挤出 通货膨胀 利率 

分 类 号：F83[经济管理—金融学]