中国货币供应总量增加途径及其影响  

Increasment and Influence of Gross Money Supply in China

作　　者：罗运贵[1] 

机构地区：[1]广西社会科学院,广西南宁530022

出　　处：《金融经济学研究》2014年第4期66-76,共11页Financial Economics Research

基　　金：国家社会科学基金项目(12XJY023)

摘　　要：境外货币资金进入、商业银行信贷和中央银行运用货币政策是中国货币供应量增加的三个途径。商业银行可以创造信用货币,因此商业银行可以增加一国的货币供应量。中央银行可以在一定程度上增加或减少货币供应总量。近年来,中国中央银行增加或减少的货币供应总量的数量很少。中国中央银行印制和发行货币不增加货币供应量。中国中央银行购买外汇向社会注入基础货币没有放大社会购买力。货币供应总量增长的三个途径对中国经济社会发展的影响各不相同,要依据具体情况采取不同的对策措施。There are three channels contributing to the increase of gross money supply in China,namely,the entering of foreign currency funds,commercial bank credit,and central bank applying monetary policies. Commercial banks could create fiduciary money,and in this way increasing the money supply in a country. Central bank could in some degree increase or decrease the gross money supply,but in recent years the increasing or decreasing of that made by the central bank is very rare. China central bank did not increase the gross money supply via printing or issuing currency,nor amplified social purchasing power by purchasing foreign exchange and pouring monetary base into the markets. A variety of reasons should be considered to explain the high ratio of M2 and GDP. The three channels of the increasing of gross money supply affect the social economic improvement in China differently,and appropriate countermeasures should be taken according to particular situations.

关 键 词：货币供应总量 商业银行 信贷 外汇 

分 类 号：F822.2[经济管理—财政学]