证券投资基金对我国货币统计口径的影响分析

我国证券投资基金近年来取得了飞速发展,在社会金融资产中的比重持续上升。本文简要介绍了国外学者对投资基金与货币统计口径之间相互关系的研究成果,进而从资产流动性的角度探讨了证券投资基金对我国货币统计口径的影响,并通过实证分析得出结论,应该将证券投资基金计入我国的广义货币供应量,以更好地促进货币政策的实施。

Securities investment funds in China have developed rapidly in recent years, and continuously took more proportion in Chinese financial assets. This paper briefly reviews the literature on the interactive relationship between securities investment funds and monetary statistics caliber. Furthermore, from the asset liquidity perspective, we empirically discuss the influence of investment funds on the monetary statistics caliber in China. The results show that securities investment funds should be added to M2 in China, which may facilitate the implementation of monetary policy in China.