[1]钟 洁.央行沟通的透明度研究[J].金融教育研究,2017,(06):34-39.
　ZHONG Jie.Research on Transparency of Central Bank Communication[J].,2017,(06):34-39.
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央行沟通的透明度研究()
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《金融教育研究》[ISSN:1006-6977/CN:61-1281/TN]

卷:
期数:
2017年06期
页码:
34-39
栏目:
出版日期:
2017-12-01

文章信息/Info

Title:
Research on Transparency of Central Bank Communication
作者:
钟 洁
上海大学 经济学院,上海 200444
Author(s):
ZHONG Jie
Shanghai UniversitySchool of Economics,Shanghai 200444,China
关键词:
央行;  货币政策;  透明度;  E&; G指标体系;  A&; H动态指数
Keywords:
central bank;  monetary policy;  transparency;  E&; Gindex system;  A&; H dynamic index
分类号:
F830.31
文献标志码:
A
摘要:
20世纪90年代以前,央行的货币政策基本是不对外公开的,公众可以获取到的信息较少。随着布雷顿森林体系的崩溃、亚洲金融危机的爆发,央行意识到货币政策的隐秘性操作失效了,开始试图提高沟通透明度来提高政策的有效性,实现预期目标。基于E&G指标体系法,对我国的央行沟通透明度进行了制度上的量化,发现我国的透明度较低; 借鉴A&H动态指数法来测量我国的央行沟通透明度,结果也一样,透明度水平不高,且波动较大。我国央行要制订并完善信息披露的相关制度,采取立法的措施保障其有序进行,对公布的内容、时间、渠道等
Abstract:
Before 1990s,monetary policy of central bank was not open to the public basically.Therefore,the public was only available to little information.With the collapse of the Bretton Woods system and the outbreak of the Asian financial crisis,central bank realized that covert operation on monetary policy has become invalid.Thus,in order to achieve expected goals,central bank began to raise the effectiveness of policy by improving its transparency of communication.Based on E&G index system method,this paper makes a systematic quantification of China’s central bank communication transparency,and finds that our country’s communication transparency is low.Moreover,this paper uses the A&H dynamic index method to measure the communication transparency of our country.It turns out the same result that our communication transparency is low and fluctuates greatly.China’s central bank should formulate and improve the relevant systems of information disclosure,and then,adopt legislative measures to ensure its order conduction.Announced contents,time,as well as channels should be kept on record and have explicit process.Besides,central bank is supposed to improve information disclosure channels and transmission mechanisms,increase channels for the public to get information,reduce the cost of the public gathering of information,and ensure the authenticity and reliability of economic data.Eventually,it will improve communication transparency and policy effectiveness.

参考文献/References:

[1]徐平.我国货币政策透明度问题研究[D].广州:暨南大学,2011.
[2]王少林,林建浩,李仲达.中国货币政策透明化的宏观经济效益——基于PTVP-SV-FAVAR模型的实证研究[J].财贸经济,2014(12):64-74.
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[4]肖崎.关于货币政策透明度评估指标体系的研究[J].财贸研究,2006(5):78-75.
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备注/Memo

备注/Memo:
收稿日期:2017-07-07作者简介:钟 洁(1993-),女,浙江湖州人,硕士研究生,主要研究方向为金融学。
更新日期/Last Update: 1900-01-01