摘要
20世纪80年代以来,金融结构和经济环境发生了重大的变化。股票市场取得了长足发展后,股票市场作为资本市场的组成部分,其传导货币政策的重要性不容忽视。股票市场传导货币政策具有自己的机理,结合中国实际探讨货币政策的股票市场传导机制,对于货币当局拓展货币政策传递渠道,充分发挥货币政策效用具有重要的实践意义。
Great changes have taken place in the financial structure and economic environment since 1980's. As a main part of the capital market,the stock market plays an important role in transmitting the monetary policy after its rapid development. This paper probes into the stock market transmission mechanism of monetary policy theoratically, then has a detailed practical analysis on the transmission effect of stock market in China,and at last expounds strategic choices of how to perfect the stock market transmission mechanism of monetary policy according to the present situation of stock market in China.
出处
《华南金融研究》
2003年第5期12-16,共5页
South China Financial Research
