中国金融创新对货币需求影响的实证分析

Demonstration analysis of China finance innovation's influence on currency requirement

本文对1999～2006年的季度数据进行回归分析,采用协整研究和方差分解的计量经济学的研究方法,就我国金融创新的变化对货币需求的影响进行了详细的实证研究,得出下列结论:a.国民收入,市场化进程和金融创新是影响货币需求的主要因素;b.金融创新对货币需求的影响从长期来看呈上升趋势,且不稳定。

This paper analyzes 1999～2006 years＇ qu arter datum of China adopting decomposition and cointegration and experient1al researches in China＇s financial innovation impacting on demanding of money. We get some conclusions： First, National income, the market progress and financial innovation are main factors to affect the demanding of currency; Second ,in the long term ,the influence of financial innovation to demanding of currency is up-trend and unsteady.