再探交易性货币需求的决定

本文认为交易性货币需求既不象凯恩斯所说的那样只取决于收入，与利率无关，也不象鲍莫尔模型表示的那样与利息率始终存在稳定的函数关系，而是要在人们收入水平越过温饱线之后才受利息率的影响。文章进一步分析了交易性货币需求的变化规律，建立了一个简单模型，并分析了中国交易性货币需求的变化倩况及其与模型的一致性。

Another Discussion on the Decision on Transaction Currency

With regard to transaction currency needs, the writers of this paper think differently from Keynes who claims that it depends only on income and therefore is irrelevant to the interest rates, as well as from Baumol' s Model, which claims that it keeps an ever-existent functional relationship with the interest rates as indicated in his model - After a further analysis of the laws of changes in the demands for transaction currency, this paper builds a simplified model and makes an analysis of the changes in China's transaction currency demands as well as their consistency with the model.