货币从紧政策下央行票据的货币调控效果探析

Probing into China bank note's currency controlling efficiency under currency controlling policy

我国目前的货币政策工具中占主要地位的是央行票据。它的发行引起了社会的广泛关注。它代表了中央银行对目前宏观经济的调控方向。本文从它收缩市场上流动货币的能力及它与各项经济指标的关联性入手,分析它在货币政策调控中的效果。

Recently, central bank bills play the most important role in the monetary policy. Its issuing attracts the society＇s attention. It presents the direction that the central banks operating on the macro economy. This passage analyses its effects as a monetary tool through testing its ability to contract the currency and its relationship with some kinds of economic indexes.