南方金融
南方金融
남방금융
South China Finance
2010年
7期
37~41
,共null页
货币迷失 货币政策 超额货币需求
貨幣迷失 貨幣政策 超額貨幣需求
화폐미실 화폐정책 초액화폐수구
Money Lost; Monetary Policy ; Excessive Money Demand
我国货币迷失现象具有客观性和累积性，不同货币层次、不同地区、不同部门之间的货币迷失程度存在较大差异。货币迷失现象主要源于经济中存在超额货币需求，货币化进程、虚拟经济发展、巨额不良贷款、收入分配差距扩大等都是形成货币迷失现象的重要因素。大量迷失货币对我国宏观经济运行和货币政策操作带来了新挑战，需要坚持总量控制、存量转化、结构优化和政策协调的原则，坚持在金融发展中逐步消除迷失货币的不利影响，重点是严格控制增量迷失货币和合理疏导存量迷失货币。
我國貨幣迷失現象具有客觀性和纍積性，不同貨幣層次、不同地區、不同部門之間的貨幣迷失程度存在較大差異。貨幣迷失現象主要源于經濟中存在超額貨幣需求，貨幣化進程、虛擬經濟髮展、巨額不良貸款、收入分配差距擴大等都是形成貨幣迷失現象的重要因素。大量迷失貨幣對我國宏觀經濟運行和貨幣政策操作帶來瞭新挑戰，需要堅持總量控製、存量轉化、結構優化和政策協調的原則，堅持在金融髮展中逐步消除迷失貨幣的不利影響，重點是嚴格控製增量迷失貨幣和閤理疏導存量迷失貨幣。
아국화폐미실현상구유객관성화루적성，불동화폐층차、불동지구、불동부문지간적화폐미실정도존재교대차이。화폐미실현상주요원우경제중존재초액화폐수구，화폐화진정、허의경제발전、거액불량대관、수입분배차거확대등도시형성화폐미실현상적중요인소。대량미실화폐대아국굉관경제운행화화폐정책조작대래료신도전，수요견지총량공제、존량전화、결구우화화정책협조적원칙，견지재금융발전중축보소제미실화폐적불리영향，중점시엄격공제증량미실화폐화합리소도존량미실화폐。
The phenomenon of China＇s money lost is objectivity and accumulative, and the degrees of money lost are significant different in varying currency arrangement, various regions and different sectors. The phenomenon of Money lost mainly originates from excessive currency demand and other important factors including monetization advancement, virtual economic development, huge amounts of non-performing loans and enlarging income distribution disparities. Massive lost money has brought new challenges on China＇s macro-economy operation and monetary policy manipulation. Therefore, it is necessary to adhere to some principles containing total quantity control, stock conversion, structural optimization as well as policy coordination and to eliminate the adverse impact of money lost in financial development, with emphasis on strict control of incremental lost money and reasonably unblocking stock lost money.
