摘 要:
本文基于相关文献的综述,分析了准备金付息制度的货币政策操作工具属性,并主要从准备金付息制度的扭曲效应、对商业银行经营绩效的影响及对货币政策的有效性等三个方面,具体分析我国准备金制度对经济运行的影响。研究发现:对准备金付息及付息利率的确定和调整是存款准备金制度的主要内容之一,它赋予存款准备金制度以新的内涵和工具功能。存款准备金制度是我国转型期有效的货币政策操作工具,而且可以将准备金付息制度打造成更为有效的货币政策操作工具。[著者文摘]
文章出处:
《南京师大学报:社会科学版》-2007年3期,81 -55-59,81页
栏目信息:
分 类 号:
文献标识码:
A
文章编号:
1001-4608(2007)03-0055-05
Research on the Attribute of Interest-on-Reserve Regime as a Monetary Policy Instrument in China
ZHU En-tao ( School of Business, Nanjing University, Nanjing 210093, China)
Abstract:
Based on a summary, the paper sums up the attributes of Interest-on-Reserve Regime as a monetary policy instrument, and analyzes concretely its influences on economy from three aspects such as its distortion effects, influences on the efficacy of monetary policy and on the performance of commercial banks. We find that paying interest to reserves and the adjustment of the interest rate constitute the main content of the reserve requirements, which endows new connotations and functions as a monetary instrument to reserve requirements, and it is an effective monetary instrument for transitional China, while Interest-on-Reserve Regime can also act as a more effective monetary instrument.[著者文摘]
Key words:
reserve requirements system ; Interest-on-Reserve Regime ; monetary policy instruments ; reserve tax

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