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货币流通速度的变化:中国的例证(1978—1997)

The Changes in the Velocity of Money:Example from China (1978-1997)

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【作者】 左孝顺

【Author】 Zuo Xiaoshun

【机构】 复旦大学世界经济研究所

【摘要】 一、问题的提出改革开放以前,由于我国实行的是计划经济体制,货币流通速度相当稳定。中国人民银行对货币投放曾总结出1∶8的经验数据,即如果现金流通量与社会商品零售总额保持1∶8的比例,那么货币流通就是正常的。然而,随着经济体制的转轨和改革的逐渐深入,这一...

【Abstract】 AbstractContrary to traditional opinions,the velocity of money proved to be a variable. First we define the money velocity as Income Velocity of M2. Then in this paper,we constitute a model to describe the changes in money velocity since reform and opening up in China. And in analysis of the factors which influence the money velocity,the paper finds that the price control,forced saving,monetization and high debt ratio of enterprises are of the most importanec. Finally we make our proposal to the Central Bank that money velocity should be regarded as one of the sources affecting money supply.

  • 【文献出处】 金融研究 ,JOURNAL OF FINANCE , 编辑部邮箱 ,1999年06期
  • 【分类号】F822.2
  • 【被引频次】116
  • 【下载频次】1184
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