基层国库现金管理的探索与思考—基于Baumol扩展模式和Miller—Orr模型的分析

Cash Management for the State Treasury in PBC Branches——Based on Baumol Extending Mode and Miller-Orr Mode

本文通过对陕西汉中2009和2010年两年的国库收支状况和库存余额的简要分析,运用Baumol模型的扩展模式和Miller-Orr模型对国库最佳现金持有量做出估算,得出应进行积极现金管理的结论,提出:制定基层人民银行国库现金管理工作指导意见或管理办法,加强基层国库现金管理的理论研讨和实践指导,基层在进行国库现金管理时要建立健全监督机制,确保地方国库现金运行安全。

This article analyses the fiscal balance and inventory balance of State Treasury in Hanzhong, estimates optimal cash holdings using Baumol and Miller-Orr model, concludes that cash management should be actively carried out. The article proposes that constitutional supervision framework and should be set up to ensure the safe operation of cash management in state treasury.