完善金融市场与提高货币政策有效性初探

A Brief Probe on Consummating the Financial Market and Upgrading the effectiveness of the Monetary Policy

金融市场是西方发达国家货币政策发挥作用的主要中介 ,这也是现代市场经济条件下货币政策传导的主要方式。目前我国的金融市场发展滞后 ,货币市场和资本市场一体化程序不高 ,对货币政策的有效传导不足 ,致使货币政策效率不高 ,有必要进一步完善货币市场和资本市场 。

Financial market is the leading intermediate by which the developed western countries play the role of monetary policy. It is the main means with which the monetary policy can be conveyed under the condition of modern market economy as well The facts that the backward of our country's financial market, the weak integration of monetary market and capital market, the insufficiency of ineffective conveyance of the monetary policy have resulted in the ineffectiveness of monetary policy. Therefore it is necessary to consummate the monetary market and capital market, and enhance the effectiveness of monetary policy.