摘要
创新公开市场操作工具并完善货币政策框架,对于完善流动性供给机制及稳定金融市场具有重要意义。在外汇占款增速逐渐放缓的背景下,我国陆续推出常备借贷便利、中期借贷便利和抵押补充贷款等创新金融工具,提升了流动性管理的灵活性与精准性,促进了金融发展的稳定与经济运行的平稳,通过优化、完善公开市场操作工具箱,推进利率市场化改革的进一步深化,加快货币政策由数量型调控向价格型调控转变。
To innovate the open market operation tools and improve the monetary policy framework is of great significance for improving the liquidity supply mechanism and stabilizing the financial market. In the context of gradually decreasing growth of foreign exchange outstanding,China launched such innovative financial tools as standing lending facilities,interim lending facilities and supplementary mortgage loans,which enhanced the flexibility and accuracy of liquidity management,and promoted the stable financial development and the smooth economic operation,accelerated the deepened interest rate reform and further promoted the monetary policy to change from quantitative regulation to price-based regulation by optimizing and improving open market operation toolbox.
作者
谷晓然
GU Xiaoran(Post-Doctoral Research Workstation of Bank of Beijing , Beijing 100033 , China;Post-Doctoral Research Station of Central University of Finance and Ecenomice , Beijing 100033 , China)
出处
《征信》
北大核心
2018年第3期68-71,84,共5页
Credit Reference
关键词
货币政策
公开市场操作
利率市场化
利率走廊
金融创新
monetary policy
open market
interest rate liberalization
interest rate corrdor
financial innovation
