摘要
货币市场与资本市场是不可分割的整体 ,然而中国的货币市场与资本市场长期处于一种分而不离的状态 ,不仅给两个市场之间带来了流通、运行、效率等问题 ,也造成了货币政策宏观调控乏力、约束软化等后果。本文通过对资金、价格 (利率与金融资产价格 )和货币政策等对接条件要素的理论分析和在中国的实证分析 ,探讨中国货币市场与资本市场实现协调对接与互联的思路与途径 ,以达提高金融市场体系的运作效率 ,促进核心金融市场之间的协调发展的目的。
Economic affiliation and regulation calls for an integrative financial market, that is, monetary market and capital market shoul d be integrated into a whole to optimize the allocation of resources. Monetary m arket and capital market in China have been separated superficially but linked w ith each other materially for years. This has brought about many problems of cir culation, operation and efficiency, and resulted in inefficient macro-monetary p olicies. On the basis of a theoretical analysis of the linking factors, such as capital, price (interest rate and financial assets price) and monetary policies, and China’s practices, the paper explores the approaches of linking properly t he monetary market and capital market in China so as to improve the efficiency o f financial market system and develop the core financial markets coordinately.
出处
《安徽大学学报（哲学社会科学版）》
CSSCI
2004年第5期137-142,共6页
Journal of Anhui University(Philosophy and Social Sciences Edition)
关键词
货币市场
资本市场
对接要素
monetary market
capital market
linking factor
