[1]陈 燕,邹力宏.我国基础货币总量结构变化及货币政策取向分析——基于我国中央银行1999—2015年资产负债表的数据分析[J].金融教育研究,2016,(05):27-33.
 CHEN Yan,ZOU Lihong.Analysis on the Structure Change of Basic Monetary Aggregates and the Orientation of Monetary Policy in China——Based on the Data Analysis of China’s Central Bank Balance Sheets in 1999-2015[J].,2016,(05):27-33.
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我国基础货币总量结构变化及货币政策取向分析——基于我国中央银行1999—2015年资产负债表的数据分析()
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《金融教育研究》[ISSN:1006-6977/CN:61-1281/TN]

卷:
期数:
2016年05期
页码:
27-33
栏目:
出版日期:
2016-11-01

文章信息/Info

Title:
Analysis on the Structure Change of Basic Monetary Aggregates and the Orientation of Monetary Policy in China——Based on the Data Analysis of China’s Central Bank Balance Sheets in 1999-2015
作者:
陈 燕 邹力宏
1.中国人民银行 南昌中心支行,江西 南昌 330008; 2.中国人民银行 抚州市中心支行,江西 抚州 344000
Author(s):
CHEN Yan ZOU Lihong
1.Nanchang Central Sub-branch of the People’s Bank of China,Nanchang,Jiangxi 330008,China; 2.Fuzhou City Central Sub-branch of the People’s Bank of China,Fuzhou,Jiangxi 344000,China
关键词:
资产负债表 基础货币 结构变化 货币政策
Keywords:
balance sheet monetary base structure change monetary policy
分类号:
F820
文献标志码:
A
摘要:
储备货币也叫基础货币,是我国央行资产配置及货币政策操作的起点。文章依1999—2015年我国央行资产负债表来分析我国基础货币的主要来源及其结构的变化,了解央行的货币政策操作吞吐基础货币的机制实质。当前受全球经济下行压力的影响,外汇占款持续增长的局面受到冲击,使得我国基础货币吞吐的主要渠道受到抑制,但保持一定规模的资产负债表和基础货币投放的增长,是我国现实及今后发展的需求,重构基础货币投放机制,也是我国今后一段时期货币政策及其操作的重心。
Abstract:
Reserve currency also known as the monetary base,it is the starting point of China’s central bank asset allocation and monetary policy operation.According to China’s central bank balance sheet in 1999-2015,this paper analyzed the main source of China’s monetary base and the change of the structure,and comprehended the mechanism of the central bank’s monetary policy operation adjust monetary base.At present,affected by global economic downward pressure,the sustained growth situation of Forex was affected,and it restrained China’s main channels to throughput monetary base.However,it is necessary to maintain a certain scale of the balance sheet and the growth of the monetary base supply; for China’s reality and the future development,we should reconstruct the mechanism of monetary base supply,it is also the focus of monetary policy and its operation in a period in the future in our country.

参考文献/References:

[1]牛娟娟.外储外汇占款呈现新态:基础货币投放渠道悄然改变[BE/OL].中国金融新闻网,2015-10-26.
[2]一个人浪漫.中行基础货币投放机制变化及金融影响[BE/OL].新浪博客(十年磨一剑的博客),2015-08-15.
[3]刘晓翠.中国外汇占款锐减再贷款或成基础货币投放主渠[BE/OL].华尔街见闻,2014-06-03.

备注/Memo

备注/Memo:
收稿日期:2015-12-30基金项目:中国人民银行南昌中心支行课题“我国基础货币总量结构变化及货币政策取向研究”作者简介:陈 燕(1964-),女,江苏盐城人,本科,政工师,研究方向为金融理论与政策; 邹力宏(1964-),男,江西乐安人,硕士,高级经济师,研究方向为农村经济与金融。
更新日期/Last Update: 1900-01-01