财贸研究
財貿研究
재무연구
Finance and Trade Research
2007年
5期
73~78
,共null页
货币政策 区域效应 金融结构 VAR模型
貨幣政策 區域效應 金融結構 VAR模型
화폐정책 구역효응 금융결구 VAR모형
monetary policy ; regional effect; financial structure; VAR model
我国实行的主要是总量调控的货币政策,而忽视了金融结构的差异。在借鉴国内外研究成果的基础上,文章从金融结构差异的角度,结合我国中部六省金融发展的实际状况,分析了货币政策的区域效应。结果表明:中部六省存在货币政策的区域效应,而且各省存在一定的特点,其原因主要是资本市场的完善程度的差异。文章认为,为促进中部六省经济协调发展,可以考虑在中部地区建立区域证券交易中心。
我國實行的主要是總量調控的貨幣政策,而忽視瞭金融結構的差異。在藉鑒國內外研究成果的基礎上,文章從金融結構差異的角度,結閤我國中部六省金融髮展的實際狀況,分析瞭貨幣政策的區域效應。結果錶明:中部六省存在貨幣政策的區域效應,而且各省存在一定的特點,其原因主要是資本市場的完善程度的差異。文章認為,為促進中部六省經濟協調髮展,可以攷慮在中部地區建立區域證券交易中心。
아국실행적주요시총량조공적화폐정책,이홀시료금융결구적차이。재차감국내외연구성과적기출상,문장종금융결구차이적각도,결합아국중부륙성금융발전적실제상황,분석료화폐정책적구역효응。결과표명:중부륙성존재화폐정책적구역효응,이차각성존재일정적특점,기원인주요시자본시장적완선정도적차이。문장인위,위촉진중부륙성경제협조발전,가이고필재중부지구건립구역증권교역중심。
It is well known that China has adopted gross monetary policy, which has ignored the disparities of financial structure. On the basis of latest studies and from the angle of financial structure, this article analyzes the regional effects of monetary policy combined with the actual financial development of the six provinces in central China. The conclusions show that the differential regional effects of monetary policy exist in the six provinces, and every province has its own characteristics. The main reason is that the perfection of the capital market is different. This article suggests building a regional securities trade center in the central area in order to accelerate the harmonious development of the six provinces.