论文部分内容阅读
本月20日起,央行下调各类存款类金融机构人民币存款准备金率1个百分点,释放流动性1.5万亿人民币。虽然按照传统理论从央行这次“降准”力度上,可以期待未来通过几种渠道达到改善中国经济基本面的政策效果:一是利率渠道,即增加流动性可降低市场融资成本,增强企业投资意愿,达到稳定增长效果。二是汇率渠道,即增加本币供给,改变市场本币与外币的换算比
Beginning on the 20th of this month, the central bank cut the deposit reserve ratio of various types of deposit-taking financial institutions by 1 percentage point to release 1.5 trillion yuan of liquidity. Although according to the traditional theory, from the central bank’s “RRR” efforts, we can look forward to the policy effect of improving China’s economic fundamentals through several channels in the future: First, the interest rate channel, that is, increasing liquidity can reduce market financing costs and enhance Business investment will, achieve steady growth effect. Second, the exchange rate channel, that is, to increase the local currency supply, change the market exchange rate of local currency and foreign currency