中国中央银行铸币税的规模结构比较分析

在近年来的文献中,铸币税用来指货币发行者提取的净收入。中央银行与商业银行间的储备机制直接决定了铸币税的分配。国外文献对转轨国家铸币税的研究很好地证实了此机制,而国内文献则鲜有涉及中国铸币税分配的研究。鉴此,基于机会成本的概念和根据中国货币当局的资产负债表结构,分析中国近年来中央银行铸币税的规模结构及其现实意义,其研究结论基本阐明了中国铸币税的规模与分配机制。

A Comparative Analysis of the Scale and Structure of the Seigniorage of China's Central Bank

Seigniorage indicates the pure income of the money issuance in recent economics literature.The mechanism of banking reserve directly determines the distribution of seigniorage.Many foreign research has do a good job to confirm the distribution mechanism of seigniorage,but there is almost no research analyzing China's seigniorage distribution.Based on the idea of opportunity cost and the asset liability table of China's central bank,this paper aims to analyze the scale,structure and significance of the seigniorage of China's Central Bank in recent years.The scale and distribution mechanism have been confirmed by the research conclusion.