Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand
Science Innovation
Volume 5, Issue 6, December 2017, Pages: 331-343
Received: Oct. 25, 2017; Published: Oct. 27, 2017
Views 1257      Downloads 87
Author
Xie Jiaojiao, Commerce School, Zhengzhou University, Zhengzhou, China
Article Tools
Follow on us
Abstract
China's "money shortage" is a micro liquidity tension that has occurred in macro liquidity. Based on the theory of money supply and demand, this paper builds a unified monetary settlement theory and model. The findings show that China's money shortage is a structural and cyclical monetary contraction caused by currency deposits. The deeper reason is the failure of the policy under the guidance of the wrong index and theory. To cure this problem, it is necessary to construct a theoretical model that is more realistic, and to act from the aspects of system, structure and implementation of monetary policy.
Keywords
Chinese Money Shortage, M2/GDP, Currency Settlement
To cite this article
Xie Jiaojiao, Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand, Science Innovation. Vol. 5, No. 6, 2017, pp. 331-343. doi: 10.11648/j.si.20170506.11
References
[1]
崔龙,2006,《转型中的中国货币流通速度的新探索:制度视角——兼论“中国之谜”》,中国制度经济学年会论文。
[2]
艾洪德、范南,2002,《中国货币流通速度影响因素的经验分析》,《世界经济》第8期。
[3]
乔晓楠,2015,《结构性货币沉淀与中国式钱荒——一个政治经济学的解析》,《政治经济学评论》第2期。
[4]
萨伊,1998,《政治经济学概论》,商务印书馆1998年1月。
[5]
凯恩斯货币需求理论与弗里德曼货币需求理论的比较分析,2014,《时代金融》2014年第8X期。
[6]
尤金•法玛,1965,《股票市场价格行为》,《商业学刊》。
[7]
傅红娟:《开放经济的中国货币政策研究》,2001,南开大学博士学位论文2001年10月。
[8]
弗雷德里克·S·米什金,2011,《货币金融学》,中国人民大学出版社2011年1月。
[9]
米尔顿·弗里德曼,2001,《货币数量论研究》,中国社会科学出版社2001年1月。
[10]
汪军红、李治国,2006,《产业结构变动对货币流通速度的影响——中国货币流通速度下降之谜》,《财经研究》第9期。
[11]
易纲,1996,《中国的货币、银行和金融市场:1984-1993》,上海:上海三联书店。
[12]
“钱荒”的本质是结构失衡,2013,《中国农村金融》2013年第13期。
[13]
马克思的资本周转理论与中国货币供给倒逼机制分析,2015,《当代经济研究》。
[14]
“钱荒”带来的货币政策思考,2015,《管理学文摘》2015年第1期。
[15]
数据来源:国家统计局。
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186