| 摘要: |
| 我国流动性过剩集中在银行体系和广义货币供应量两个层面。流动性过剩的主要原因在于长期累积的巨额存量货币的流动性增强,而信用货币派生能力的提高和境外投机资本的大量流入进一步加剧了流动性过剩现象。化解流动性过剩问题,短期应着力于控制商业银行的信贷投放,中期需要调整汇率政策,弱化人民币升值预期,长期来看,需要以转变政府职能和提高中央银行的独立性为重点。 |
| 关键词: 流动性过剩 形成机理 货币政策 银行 |
| DOI: |
| 分类号: |
| 基金项目: |
|
| Scale, cause and countermeasures for China's excess liquidity |
|
CHEN Hu-cheng
|
| Abstract: |
| China's excess liquidity is centralized at bank system and broad money supply level. The main cause for excess liquidity lies in the increase of liquidity of huge long-term accumulated stock money, furthermore, the promotion of derivative ability of credit money and large foreign speculative capital entry further intensify the excess liquidity phenomenon. The solution to the problem of excess liquidity should control the loan release of commercial banks in short term and should adjust currency exchange policy in middle-term and weaken the expectation of Renminbi reevaluation and should focus on changing governmental duty and raising the independence of central banks. |
| Key words: excess liquidity forming mechanism currency phenomenon bank |