中国货币供给的内生性——从货币乘数的角度分析

The Endogency of Chinese Currency Supply from the viewpoint of currency multiplier

货币供给的内生性问题一直受到经济学家的重视,在我国,该问题有特殊的表现形式,而影响货币供给内生性的因素有很多,本文主要从货币乘数的角度来分析这一问题,分别从理论和实证两方面入手阐述该问题,说明货币供给是货币的内生因素而非外生因素,从而对我国的货币政策的制定和实施具有重要意义。

Economists always pay attention to the Endogency of currency supply.In our country,the Endogencyhas its special form.There are many factors to affect the Endogency.This Essay has analysized this problem fromthe viewpoint of currency multiplier,elaborated this problem by both theory and real example.It has explained thatcurrency supply is not an external factor but an endogenous factor.so,It is significant for our country to establishand enforce the currency policy.