摘要
从金融发展的路径来看,经济货币化发展到一定阶段,便是金融证券化的蓬勃发展,其实质是经济主体互相融通资金规模的扩张和便利程度的提高。在以银行为主导的金融体系中,市场流动性主要表现为货币供应量和银行信贷的变化,但在金融证券化发展到一定程度以后,金融资产交易量或流量的变化就显得尤为重要,并且金融投资的顺周期性进一步放大了金融运行扩张和收缩的这种周期性。
Looking back the development of finance, Seeuritization grew rapidly after monetization. With the developoment of securitization, it actually facilitates the effectiveness that the units collect and circulate funds mutually. The expanding of securitization has exerted great influence on the content and form of liquidity.
出处
《财经科学》
CSSCI
北大核心
2009年第7期18-25,共8页
Finance & Economics
关键词
证券化
流动性
货币政策
Securitization
Liquidity
Monetary Policy
