我國法定準(zhǔn)備金率對貨幣供應(yīng)量的效應(yīng)分析.pdf

1、華中科技大學(xué)碩士學(xué)位論文我國法定準(zhǔn)備金率對貨幣供應(yīng)量的效應(yīng)分析姓名：馬迪思申請學(xué)位級別：碩士專業(yè)：西方經(jīng)濟學(xué)指導(dǎo)教師：徐長生20090514華 中 科 技 大 學(xué) 碩 士 學(xué) 位 論 文 華 中 科 技 大 學(xué) 碩 士 學(xué) 位 論 文 IIAbstract The adjustment of the legal deposit-reserve ratio, as a monetary policy tool, affects th

2、e liquidity of bank, expands or shrinks money by means of the multiplier effect, and controls the supply of money. The central banks of the developed countries seldom use it because its shock maybe too strong to the econ

3、omy. But it becomes a high frequent used tool in China. From 2006 to 2008, the Chinese Central Bank had amended the ratio 23 times. This situation is rarely seen in other countries. This thesis investigates the real effe

4、ct on money supply of the adjustment of deposit-reserve ratios in China in both of empirical and theoretical analysis. It reaches the conclusion that the effect on money supply is not obvious between 2004 and 2008 when t

5、he Central Bank applied the tool of deposit-reserve ratio, by way of building the model of Vector Auto-Regression. This thesis also points out the week effect of deposit-reserve ratio as the following reasons: the centra

6、l bank doesn’t assort the deposit-reserve ratio with the liquidity of deposit; the central bank pays interest for the reserves; commercial banks hold huge excess reserves. Additionally, the thesis proposes actual suggest

7、ions on the reform of legal deposit-reserve ratio, including reduces interest on reserves, implements the combination of various monetary policies and so on. Key words: Legal deposit-reserve ratio Money supply Money