论文部分内容阅读
央行购买国债的方式一般可分为直接购买与间接购买两种。直接购买是指央行直接从财政手中购买原始发行的国债,并向财政提供等额货币的一种方式。间接购买则是央行通过公开市场,根据调控经济的需要,买进二手国债的一种方式。两种购买方式在正常时期应该是等价的,对经济所产生的效果是相同的,但在市场经济发育尚不发达的转轨时期和经济萧条时期,这两种
The way the central bank purchases government bonds can generally be divided into direct purchase and indirect purchase two. Direct purchase refers to the central bank to buy directly from the financial bonds of the original issue, and to finance the same amount of money as a way. Indirect buying is the central bank through the open market, according to the needs of regulating the economy, a way to buy second-hand bonds. The two methods of purchase should be equal in normal times and have the same effect on the economy. However, in the period of transition and economic depression where the market economy is still underdeveloped,