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存款准备金率政策的传导机制——基于商业银行资产负债管理的微观结构分析
引用本文:蒋冠,刘红忠.存款准备金率政策的传导机制——基于商业银行资产负债管理的微观结构分析[J].复旦学报(社会科学版),2007(6):10-18.
作者姓名:蒋冠  刘红忠
作者单位:1. 云南大学,经济学院,昆明,650091
2. 复旦大学,国际金融系,上海,200433
摘    要:由于经济体系中的流动性过剩问题日趋严重,中国人民银行连续上调存款准备金率,以期通过这种重量级的货币政策来收缩银行体系的货币供给,从而有效地控制流动性过剩.存款准备金率政策的最终政策效应,有赖于通过银行体系内部商业银行的资产负债管理行为而达成.然而,这一货币政策传导机制本身充满着诸多相互作用的变量和相应的行为选择.本文就这一问题出发,深入地解析了存款准备金率政策通过商业银行资产负债管理而起作用的内在微观结构.

关 键 词:存款准备金率  传导机制  商业银行  资产负债管理
文章编号:0257-0289(2007)06-0010-009
修稿时间:2007年7月3日

The Transmission Mechanism of Deposit Reserve Ration Policy - From the Perspective of the Microstructure of Commercial Banks' Asset and Liability Management
JIANG Guan,LIU Hong-zhong.The Transmission Mechanism of Deposit Reserve Ration Policy - From the Perspective of the Microstructure of Commercial Banks'''' Asset and Liability Management[J].Fudan Journal(Social Sciences Edition),2007(6):10-18.
Authors:JIANG Guan  LIU Hong-zhong
Abstract:Due to the severe excess liquidity,the PRC has hiked the deposit reserve ratio several times since April, 2006 in order to tighten the money supply and control the excess liquidity. The efficiency of the deposit reserve ratio policy depends on the asset and liability management of the commercial banks in the banking system, while the transmission mechanism of monetary policy is confronted with interactive variables and corresponding behavilral choice. This paper deals with the inner micro-structure of the asset and liability management in explaining the effects of the depos it reserve ratio policy.
Keywords:deposit reserve ratio  transmission mechanism  commercial banks  asset and liability management  
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