票据市场发展与货币政策调整——娄底票据市场个案分析

Paper market development and monetary policy adjustment: Case study of Loudi market

2001年中央银行调高再贴现率后再贴现急剧萎缩,对票据业务的运作方式、市场规模乃至发展格局部产生了较大的影响。本文通过对娄底市票据市场的个案调重,分析调高再贴现率的政策效应,并提出规范发展票据市场的政策建议。

The central bank's raising of rediscount rate in 2001 caused a sharp shrink of rediscount business, which had a profound impact on the paper market in terms of its operational mode, market scope and development. Based on the investigation on Loudi paper market, the author analyzes the effects of rediscount rate increase, and puts forward suggestions on the regulated development of the paper market.