摘要
非正规金融是处于我国金融体制监管之外的金融机构。随着其发展规模的日益壮大,它对我国货币政策的影响已不容忽视。通过对非正规金融影响我国货币政策相关文献的梳理,运用理论与实证分析相结合的方法来综合分析非正规金融对当前货币政策的影响机制。研究表明,非正规金融对货币政策的冲击日益加剧,货币政策的有效性和可控性被逐渐削弱;同时,非正规金融对货币供应量有正向作用,短期冲击较大且影响持续时间长。据此,本文提出了相关政策建议。
Informal finance is a financial institution outside of supervision of China＇s financial system. With the develop- ment of the growing scale, its impact on China＇s monetary policy cannot be ignored. By reviewing relevant literatures a- bout the informal finance＇ s impact on our country＇s monetary policy, and using the combing method of theoretical and empirical analysis to analyze the influence mechanism of Informal Finance on current monetary policy. The study shows that the impact of the informal finance on monetary policy is increasing, and the effectiveness and controllability of mone- tary policy has been gradually weakened; Meanwhile, informal financehas a positive effect on money supply, the short - term impact is large and the effect lasts long. Based on the analysis, this paper puts forward relevant policies and recom- mendations.
出处
《贵州商学院学报》
2017年第1期36-43,共8页
Journal of Guizhou University Of Commerce
基金
安徽财经大学研究生科研创新基金项目"非正规金融对货币政策冲击效应研究"(ACYC2016054)
关键词
非正规金融
货币政策
冲击
加剧
informal finance
monetary policy
impact
exacerbate
