摘要
商业银行通过银信合作发行理财产品来规避信贷规模控制和法定存款准备金的约束,造成经济中实际货币供应量的变化。本文通过运用存款创造和货币供应的理论模型证明了银信合作会增加货币供应量,削弱央行的反通胀政策。在此基础上,利用2008年1月到2011年6月的月度数据证实了银信合作对货币供应的扩张作用。
Commercial banks cooperate with trust companies and issue financial products to avoid the constraints of credit control and reserverequirements,thus cause the change in real money supply.The article introduces deposit creation model and money creation model to prove thatcooperation between banks and trust companies will increase money supply and weaken central bank's anti-inflationary policy.On this basis,thearticle uses monthly data from January 2008 to June 2011 to prove the expansion effects of cooperation between banks and trust companies onmoney supply.
出处
《上海金融》
CSSCI
北大核心
2012年第3期51-56,117,共6页
Shanghai Finance
关键词
银信合作
存款创造
货币扩张
货币政策
Cooperation between Banks and Trust Companies
Deposit Creation
Money Creation
Monetary Policy
