期刊文献+

基于金融监管的存款准备金付息制度研究 被引量:2

A Study of Interest System for Reserves Based on Financial Supervision
下载PDF
导出
摘要 次贷危机后,构建货币政策与金融监管的统一框架被提上日程,而存款准备金付息制度日益被一些学者视为解决货币政策与金融监管之间非一致性的新途径。以修正的庇古税模型为出发点,结合近30年我国利率市场化改革过程中的经济数据,运用现代计量方法展开研究,结果发现,我国存款准备金付息制度可以提供一种稳定基础利率的内在机制,它有利于构建稳定利率体系,进而促进宏观审慎金融监管。 After the subprime crisis,it is put on the agenda to build a unified framework for monetary policy and financial supervision, while interest system for reserves is regarded by some scholars as a new way to solve the inconsistency between mo- netary policy and financial supervision. Based on the modified Pigouvian Tax Model and the economic datas of China in the past 30 years and modern econometric methods, it is found that Chinese interest system for reserves can provide a stable internal mechanism for the basic rate, which will contribute to set up a stable interest rate system and boost the macro-prudential finan- cial supervision.
出处 《南京财经大学学报》 2016年第4期44-54,共11页 Journal of Nanjing University of Finance and Economics
基金 国家社科基金重大项目"基于物价调控的我国最优财政货币政策体制研究"(12&ZD064) 国家自科基金专项项目"基于宏观审慎的财政货币政策体制选择研究"(71240009)
关键词 金融监管 存款准备金付息制度 稳定利率体系 修正的庇古税模型 interest system for reserves stable interest rate system financial supervision modified Pigouvian Tax Model
  • 相关文献

参考文献15

  • 1凯恩斯.就业、利息和货币通论(精华本)[M].张皓,窦新顺,译.北京:中国商业出版社,2009.
  • 2Friedman M.A Program for Monetary Stability[M].Fordham University Press,1969.
  • 3Liviatan Nissan,R Frish.Public Debt in a Long-term Discretionary Model[R].Bank of Israel,Research Department,Discussion Paper,2003:67-99.
  • 4Marvin Goodfriend.Interest on Reserves and Monetary Policy[J].Federal Reserve Bank of New York Economic Policy Review,2002(8):13-29.
  • 5Van Hoose D D,D B Humphrey.Sweep Accounts,Reserve Management,and Interest Rate Volatility[J].Journal of Economics and Business,2001(53):387-404.
  • 6Adrian T,Hyun Song Shin.Financial Intermediaries,Financial Stability and Monetary Policy[J].Federal Reserve Bank of New York,2008(9):58-68.
  • 7Anil Kashyap,Jeremy C Stein.The Optimal Conduct of Monetary Policy with Interest on Reserves[J].American Economic Journal:Macroeconomics,2012,(4):266-282.
  • 8Peter N Ireland.The Macroeconomic Effects of Interest on Reserves[J].Macroeconomic Dynamics,2014,(18):1271-1312.
  • 9Jeremy C Stein.Monetary Policy as Financial-Stability Regulation[J].Quarterly Journal of Economics,2012(1):57-95.
  • 10Anna J.Schwartz.Assessing the IMF's Crisis Prevention and Management Record[A].in W.hunter&G.Kaufman&T.Krueger,eds.,The Asian Financial Crisis:Origins,Implications,and Solutions[C].Kluwer Academic Publishers,1999.

二级参考文献18

同被引文献5

引证文献2

二级引证文献1

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部