我国货币政策传导中的现金管理效应

我国历年在对基础货币进行管理的同时,对银行体系外的现金存量也实施着计划性控制.论文认为,当前我国的公众消费仍以现金交易为主要手段,现金和基础货币管理的双轨制度虽然能够抑制价格上涨,但也极易引起消费需求与信贷投资之间的非均衡增长,形成消费需求缺口.并以我国近些年几种现金需求量的变化趋势进行了实证.

The cash management effect on our country's monetary policy transmission

The cash plan of our country each year is a restriction policy of the economy. When base money is managed, the cash stock outside the bank system is also controlled. As the consumers of our country still use cash as the main transaction means, the double track system of the money management will easily cause non-balanced growth between consumption and investment. This makes the indentation between them. This paper also offers evidence on trends of cash behavior in our country.