Firstly, this paper theoretically proves that with the development of open economy the effect of monetary policy will become poor. Secondly, the paper empirically analyzes the impact of open economy on our monetary po...Firstly, this paper theoretically proves that with the development of open economy the effect of monetary policy will become poor. Secondly, the paper empirically analyzes the impact of open economy on our monetary policy. We conclude that there no longer exists long stable relationship between money supply and economic growth. Finally, in four aspects the paper concretely points out that with the open of economy great changes will take place in the implementation of our monetary policy.展开更多
Compared with what they are under close economy, balance of payments and money supply under open economy have their own features in composition, structure, characteristics and targets. A mathematic model of compositio...Compared with what they are under close economy, balance of payments and money supply under open economy have their own features in composition, structure, characteristics and targets. A mathematic model of composition and structure of GNP is fabricated in this paper, and then the paper analyzes the impacts upon money supply and exchange rate that open economy has. Finally, the relationship among the independence of monetary policies, the stability of foreign exchange rate and the free circulation is discussed.展开更多
文摘Firstly, this paper theoretically proves that with the development of open economy the effect of monetary policy will become poor. Secondly, the paper empirically analyzes the impact of open economy on our monetary policy. We conclude that there no longer exists long stable relationship between money supply and economic growth. Finally, in four aspects the paper concretely points out that with the open of economy great changes will take place in the implementation of our monetary policy.
文摘Compared with what they are under close economy, balance of payments and money supply under open economy have their own features in composition, structure, characteristics and targets. A mathematic model of composition and structure of GNP is fabricated in this paper, and then the paper analyzes the impacts upon money supply and exchange rate that open economy has. Finally, the relationship among the independence of monetary policies, the stability of foreign exchange rate and the free circulation is discussed.
