论构建具有自我约束能力的人民币发行机制

无论以何种口径衡量，人民币发行过多都是不争的事实，导致这一现象的最重要的原因就在于人民币发行方式本身的局限。比较国际上主要货币的发行方式就能发现，人民币发行明显缺乏自我约束机制。解决这一问题的出路在于构建买国债发货币的框架，树立国民利益为本的目标原则，同时推进相关的条件和环节的规范与完善。

On the Construction of Self-restraint RMB Issuance Mechanism

The excess of RMB issuance is a plain fact no matter how we calculate it.The most important reason for this phenomenon is the limitation of RMB issuance mechanism.After comparing the issuance mechanism of internationally major currencies,we can see that the issuance of RMB lacks self-restraint mechanism.To solve this problem,the only way is to construct the framework of issuing RMB through purchasing T-bond,to set up the principle to respect the interest of people,and to promote the standardization and impr...