美次贷危机对中国货币传导机制联动效应分析

Analysis on the Chain Effect of American Subprime Crisis on Chinese Currency Conduct Mechanism

自次贷危机爆发以来,美国采取了一系列货币政策措施进行调节,这些措施对缓解其金融体系中的次贷问题发挥了重要作用,但同时也对我国经济的宏观调控产生了较大的影响。这种扰动是我国国民经济开放度加大的必然结果,我国在制订相应的宏观经济政策时应考虑这一因素的影响,以便使我国货币政策措施的传导能更为有效和精确。

From the burst of subprime crisis, the U. S. has taken a series of adjusting currency policies and measures which_have played an important role to ease the subprime pressure in its financial system, but meanwhile, have exerted a large influence on China＇ s economic macro control. This influence is an inevitable result of the opening degree of China＇ s economy which has become increasingly large. Chinese government should have taken this influencing factor into account while formulating macro-economic policy to enable its currency conduct to be more effective and more accurate.