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国债规模:在财政与金融之间寻求平衡 被引量:51

The volume of Treasury bond:Balancing the needs of monetary policy and fiscal policy
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摘要 本文从财政政策和货币政策协调配合角度 ,探讨了国债在金融体系中的特殊地位和作用 ,着重分析了国债市场作为核心金融市场在提供市场流动性方面的不可替代的作用。本文的政策含义就是 ,为了给我国的金融市场运行创造一个良好的基础 ,我们的国债政策应当超越单纯财政的财政眼光。 Backing to the background of coordination between Fiscal policy and Monetary policy, this research focus on the inimitable role of Treasury bond markets, as a core financial market, in promoting the market liquidity. As the policy suggestion, this research emphasize that the development of Treasury bond markets in China must pay more attention to the need of the development of financial market.
作者 李扬
出处 《财贸经济》 CSSCI 北大核心 2003年第1期51-57,共7页 Finance & Trade Economics
关键词 国债规模 中国 国债市场 信用制度 市场流动性 财政政策 货币政策 volume of Treasury bond outstanding, market liquidity, fiscal policy, monetary policy
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参考文献12

  • 1BIS(1999), Market Liquidity: research Findings and Selected Policy Implications, Basel, May.
  • 2BIS(1999), How Should We Design Deep and Liquidity Market? - The Case of Government Scarifies.
  • 3Ann- Marie Meulendyke(1998), U.S Monetary Policy and Financial Markets, Federal Reserve Bank of New York.
  • 4Frank J. Fabozzi and Michael J. Fleming(1997), US Treasury and Agency Securities, The Handbook of Fixed Income Securities.
  • 5Michael J. Fleming(1997 ) , The Round -the-Clock market for U.S. Treasury Securities,FRBNY Economic Policy Review, July.
  • 6Dominique Dupont and Brian Sack(1999), The Treasury Securities Market: Overview and Recent Development, Federal Reserve Bulletin Dec. 1999.
  • 7Quaterly Gilts Review:3rd Quarter 1999, United Kingdom Debt Management Office (October 1999).
  • 8USA:Federal Reserve Bulletin,有关各期.
  • 9USA:Treasury Bulletin,有关各期.
  • 10米什金.《货币金融学》,中国人民大学出版社,1996年版.

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