“定量宽松”政策的实质及对中国的影响

Essence of "Quantitative Easing" Policy and Its Impacts on China

在当前的国际经济与金融危机环境下,美国等西方国家通过扩大货币的发行量大规模增加对资本市场货币的供应,货币政策的重心向"定量宽松"政策倾斜。关于"定量宽松"货币政策的实质以及对中国的影响,我国经济学界已经展开了广泛的热议。本文认为,对这一问题应据据中国人民银行行长周小川提出的构建"超主权国际储备货币"的建议进行更深入探讨,本文在现有研究基础上,对此进行了进一步分析。

Under the circumstance of International economy and financial crisis, western countries, particularly U. S., dramatically increase monetary supply in capital market by enlarging currency issuing. The focus of monetary policy has shifted to ＂quantitative easing＂ policy. Economic circle in China has widely discussed the essence of ＂quantitative easing＂ policy and its impacts on China. This paper believes that we need to further discuss this issue based upon Head of People＇s Bank of China Zhou Xiaochuan＇s suggestion on constructing ＂hyper-sovereignty international reserve currency＂.