摘要
近年来,我国货币市场和资产市场的连结越来越紧密,对之关注程度也得以提高。本文通过资本市场的客户保证金对货币政策的影响的分析,探讨了客户保证金的波动与货币供应之间的关系。研究表明,随着我国资本市场的发展,资产价格的变动对货币需求的稳定性产生了越来越大的影响,从而影响了货币供给的数量与结构,客户保证金的变化对货币供应产生了一定程度的影响。
The money market and capital market have become more and more closely relatived. The article analyzes the effect of client margin on the money policy, and probe the relation between the fluctuation of client margin and money supply. The research showes: with the development of capital market, the price of asset had affected the stability of money demand, so money supple and its structure has changed.
出处
《中国货币市场》
2001年第2期39-42,共4页
China Money
