法律、货币与价格——《人民银行法》的一个法律经济学分析框架  

Law, Money and Price: A Framework for Analyzing the Law of People’s Bank of China

作　　者：席涛[1] 陈建伟[1] 

机构地区：[1]中国政法大学法和经济学研究中心

出　　处：《中国政法大学学报》2013年第4期37-54,159,共18页Journal Of CUPL

基　　金：席涛主持的国家社会科学基金重点项目--"保持我国经济稳定;金融稳定和资本市场稳定的对策研究"(项目编号:08AJY037);北京市重点交叉学科"法律与经济"项目的阶段性成果

摘　　要：《人民银行法》规定货币政策的目标是保持货币币值稳定。货币供应量的确定,受到诸多经济内生性因素的影响。当前,我国传统的数量型货币供应原则已不再适应经济社会发展现状,货币供应内生性逐步增强。本文从风险防范的角度出发,结合《商业银行法》、《银行业监督管理法》、《证券法》和《外汇管理条例》等法律、法规,综合考虑货币供应与实体经济、虚拟经济、国际经济、居民存款、企业贷款的关系,构建新的货币供应分析框架,提出根据商品价格、资产价格、汇率和外汇储备、居民存款利率、企业贷款利率等内生性因素合理确定货币供应量,以有效防范通货膨胀、资产泡沫、汇兑损失等经济风险,平衡投资、消费与储蓄的比例,协调国内经济与国际经济的均衡。The goal of monetary policy set by Law of People’s Bank of China is to maintain the currency stability. While the core of monetary policy is to determine the monetary supply, which is largely influenced by many economic endogenous factors. Now, the traditional principle of quantitative money supply no longer fits the present development, under which the endogenous monetary supply gradually thrives. From the perspective of risk prevention, combined with Commercial Bank Law, the Law on Banking Supervision, Securities Law and Foreign Exchange Control Act, this paper integrated into account the relationship between monetary supply and entity economy, virtual economy, international economy, residents’ deposits and enterprises’ loans; set a new monetary supply analysis frame according to endogenous factors such as commodity price, asset price, exchange rate, foreign currency reserve, deposit interest rate and loan interest rate, to prevent inflation, asset bubble and exchange loss. By adjusting the proportion of consumption, investment and deposits, the new monetary supply system shall help stimulate domestic demand and adjust the industrial structure.

关 键 词：《人民银行法》 货币供应量 影响因素 风险防范 

分 类 号：D922[政治法律—法学]