The paper firstly represents two kind statements of China money multipliers and theoretically analyzes the relationship between each structure factor and China money multiplier. Secondly, it summarizes the several fea...The paper firstly represents two kind statements of China money multipliers and theoretically analyzes the relationship between each structure factor and China money multiplier. Secondly, it summarizes the several features and the move trends of China narrow and broad money multipliers and their structure factors. Thirdly, the paper empirically analyzes how and what degree the each structure factor affects China narrow and broad money multipliers holding everything else constant. At last two important conclusions are got, that is, the required reserve ratio is the most associated with China money multipliers and the saving deposit ratio is more associated with that, the required reserve ratio and the interest rates can be used as the ways of affecting money aggregate by the People＇s Bank of China.展开更多
CHINESE people like to bank their cash; this is evident in the 300 million deposit accounts currently in existence.China＇s national savings ratio approaches 50 percent, and 30 percent of its income is from family sav...CHINESE people like to bank their cash; this is evident in the 300 million deposit accounts currently in existence.China＇s national savings ratio approaches 50 percent, and 30 percent of its income is from family savings, says Stephen Roach, chief economist at Morgan Stanley,展开更多
文摘The paper firstly represents two kind statements of China money multipliers and theoretically analyzes the relationship between each structure factor and China money multiplier. Secondly, it summarizes the several features and the move trends of China narrow and broad money multipliers and their structure factors. Thirdly, the paper empirically analyzes how and what degree the each structure factor affects China narrow and broad money multipliers holding everything else constant. At last two important conclusions are got, that is, the required reserve ratio is the most associated with China money multipliers and the saving deposit ratio is more associated with that, the required reserve ratio and the interest rates can be used as the ways of affecting money aggregate by the People＇s Bank of China.
文摘CHINESE people like to bank their cash; this is evident in the 300 million deposit accounts currently in existence.China＇s national savings ratio approaches 50 percent, and 30 percent of its income is from family savings, says Stephen Roach, chief economist at Morgan Stanley,
