新兴市场电子交易平台对货币政策操作的支持

在俄罗斯等新兴转轨国家，金融交易平台在发挥组织市场交易，实现资源配置、价格发现、风险管理等职能的同时，还承担着辅助货币政策操作与传导等宏观金融管理功能，成为金融改革的见证者和推动者。文章从新兴市场上金融电子交易平台与货币当局的历史和现实联系出发，考察电子交易平台支持货币政策操作的宏观功能。

E-trading platforms supporting monetary policy operations in the emerging markets

Financial trading platforms of emerging and transition countries such as Russia have witnessed and promoted financial reforms because they not only play the role of organizing market trading, realizing resource allocation, price discovery and risk management but also assist in monetary policy operations and transmission and exercise other macro financial management functions. This article begins with the historical and present connections between electronic financial trading platforms and monetary authorities in the emerging markets to examine the macro function of e-trading platforms in supporting monetary policy operations.