内生金融理论视野中的基础货币供给

Basic Money Supply in the View of the Endogenous Financial Theory

内生金融理论认为，中央银行基础货币的供给并非是由中央银行完全控制的外生变量，而主要是由经济体系内生决定的。在此视野内，考察我国基础货币供给四种方式的内生性，得出要培育良性的货币供给内生机制的启示，建立中央银行采取古典的货币供给模式和“钉住利率型”的中介目标，以此促进金融经济的稳定、发展。

：Endogenous financial theory thinks that the basic money supply from central bank isn＇t the exogenous variable totally controlled by the central bank but decided by the endogenesis in the economy system． To review the endogenesis of four kinds of basic money supply we can draw a conclusion that we should foster good money supply endogenous system suggest central bank to adopt classic money supply model and regard gazing at interest rate as its intermediate target promote the stable development of financial economy．