央行数字货币对货币政策传导机制的影响研究--以我国央行数字货币为例

Research on the Infl uence of Central Bank Digital Currency on the Transmission Mechanism of Monetary Policy--Take our Country's Central Bank Digital Currency as an Example

近年来,在比特币和Libra的影响下,各国中央银行开始研发央行数字货币,并形成了一定规模效应,其必然对国家或经济体的货币政策框架产生重要影响,也直接关系着货币政策的实施效果及对经济的贡献。本文从央行数字货币对货币政策传导的影响入手,通过研究央行数字货币对货币政策传导效应,进一步发掘其在货币政策传导环节中“最后一公里”的重要作用,从而提高货币政策的有效性,丰富货币政策传导机制的理论体系,并为营造安全、高效的金融环境通过新的思路与视角。

In recent years,under the infl uence of Bitcoin and Libra,central banks of various countries have begun to develop central bank digital currencies,which have formed a certain scale eff ect,which will inevitably have an important impact on the monetary policy framework of a country or economy,and is also directly related to monetary policy.Implementation effect and contribution to the economy.This paper starts with the impact of central bank digital currency on monetary policy transmission,and further explores its important role in the"last mile"of monetary policy transmission by studying the eff ect of central bank digital currency on monetary policy transmission,so as to improve the eff ectiveness of monetary policy.Enrich the theoretical system of monetary policy transmission mechanism,and adopt new ideas and perspectives for creating a safe and effi cient fi nancial environment.