外汇管理体制对虚拟价值增殖与实体经济运动的影响分析

Influence and Analysis of Foreign Exchange Control System on the Proliferation of Fictitious Value and the Movement of Real Economy

货币的需求被分成两部分 ,一部分用来购买商品、服务及投资品交易的货币需求 ,这部分货币需求表现为实体经济的运行 ,即实际价值的增殖运动 ;另一部分是用于购买债券、股票等金融资产的货币需求 ,它具体表现为虚拟价值的增殖部分。文中考虑在不同的外汇管理体制下 ,货币供给机制对这两部分货币需求的影响 ,并进行比较分析。

Money demand is divided into two parts. One part of money is used to buy goods, services and to trade investment commodities. The demand for this part of money displays the movement of real economy or the proliferation of real value. The other part of money is used to buy financial assets such as bonds and stocks. The demand for this part of money shows the movement of proliferation of fictitious value. In this paper, we consider the influences of money supply's mechanism on that two parts of money demands under various foreign exchange control systems. Meanwhile the comparative analysis among the influences of money supply's mechanism on that two parts of money demands under various foreign control systems is made.