摘要
通过基础货币注入渠道的研究,看得出基础货币的注入均与赤字相连,注资渠道的消费效率与渠道直接联系的人数成正比,与中间环节数成反比;注资渠道的投资效率与资金注入时的集中度及国民经济发展阶段有关,在任何经济中都存在着一个最优的注资集中度的观念。对当前货币注入渠道的选择,应该是以粮食流通领域信贷融资为主,辅之以重点企业信贷融资和社会保障财政融资。
In this paper, by discussing the channels into which the based money is injected, we draw a conlusion that the based money is always associated with the deficit . And the injected channels＇ consumption efficiency is direct proportion to the people＇s number that the channel directly links and is inversely proportional to the number of intermediate links. The injected channels＇ investment efficiency is related to the concentration degree by which the money is injected and to the national economic development stage. In any economy there is an optimal degree of concentration of capital injection.At the same time, this paper has made an analysis on the China＇s economy, and has given some suggestions on the choice of the channels into which the based money is injected.
出处
《晋阳学刊》
CSSCI
2010年第1期50-54,共5页
Academic Journal of Jinyang
关键词
外汇储备
信贷注资
财政融资
效率分析
foreign exchange reserves
credit capital injection
financial financing
efficiency analysis
