国外流动性变化对我国流动性和利率的影响分析

External liquidity changes and possible impacts on domestic liquidity and interest rate

随着市场对于美联储提前退出量化宽松政策预期的增强，研究国外流动性变化对我国流动性和利率变化的影响具有现实意义。该文通过实证分析发现，国外流动性变化对我国流动性变化的影响较大，而国外利率变化对我国利率变化的影响不明显。针对美联储量化宽松货币政策退出产生的影响，文章提出相关应对建议。

With a growing market expectation of early withdrawal of quantitative easing by the US Federal Reserve, the research on the impacts of global liquidity fluctuations on China＇s liquidity and interest rate fluctuations carries practical significance. The article reveals that global liquidity fluctuations have a greater impact on China＇s liquidity fluctuations, while overseas interest rate fluctuations do not have an obvious impact on China＇s interest rate fluctuations. The article puts forth suggestions against the impacts of the Fed＇s withdrawal of QE monetary policy.