经济理论与经济管理
經濟理論與經濟管理
경제이론여경제관리
Economic Theory and Business Management
2008年
7期
46~52
,共null页
流动性过剩 分层 作用机制 成因
流動性過剩 分層 作用機製 成因
류동성과잉 분층 작용궤제 성인
liquidity surplus; layer classification; interaction mechanism; cause of formation
流动性过剩应区分为银行体系和市场两个层面，而这两个层面的流动性过剩具有完全不同的判定指标。尽管二者具有因果关系并相互影响，但它们同时并存并不是一种必然。在分析流动性过剩的成因时，人们可能忽视了以下三个重要因素：邮政储蓄资金运用方式的转变，以土地为载体的财政收入信贷化，各类新支付工具的发展等。而实行“藏汇于民”政策，增加直接融资规模和比重，优化信贷结构等，将有助于缓解我国的流动性过剩。
流動性過剩應區分為銀行體繫和市場兩箇層麵，而這兩箇層麵的流動性過剩具有完全不同的判定指標。儘管二者具有因果關繫併相互影響，但它們同時併存併不是一種必然。在分析流動性過剩的成因時，人們可能忽視瞭以下三箇重要因素：郵政儲蓄資金運用方式的轉變，以土地為載體的財政收入信貸化，各類新支付工具的髮展等。而實行“藏彙于民”政策，增加直接融資規模和比重，優化信貸結構等，將有助于緩解我國的流動性過剩。
류동성과잉응구분위은행체계화시장량개층면，이저량개층면적류동성과잉구유완전불동적판정지표。진관이자구유인과관계병상호영향，단타문동시병존병불시일충필연。재분석류동성과잉적성인시，인문가능홀시료이하삼개중요인소：유정저축자금운용방식적전변，이토지위재체적재정수입신대화，각류신지부공구적발전등。이실행“장회우민”정책，증가직접융자규모화비중，우화신대결구등，장유조우완해아국적류동성과잉。
Excess liquidity should be divided into two layers： banking system and market, and these two layers of excess liquidity each has different determinative index. Although they have causality and interaction between each other, coexistence will not be necessary. While analyzing its cause of formation, students may have ignored three important factors as follows： change of operation style in postal savings, the income of public finance gathered from land mortgage, and development of new payment instruments as well. Executing the policy of ＂foreign exchange held by the people＂, enhancing the ratio of direct financing to indirect financing, and optimizing the structure of credit will all help to ease liquidity surplus of our economy.
