论文部分内容阅读
证券市场的兴起无疑会推动非银行金融机构在数量和业务上的发展.传统认为,非银行金融机构与商业银行之间的区别在于后者能够创造存款货币面前者不能.所以,一般的教科书只分析商业银行的存款货币扩张过程.近来,越来越多的人对非银行金融机构不进行货币创造的观点表示怀疑.本文根据非银行金融机构是否吸收存款将其划分为存款式非银行金融机构与非存款式非银行金融机构,并分别通过分析得出了两类非银行金融机构都能在一定程度上进行货币创造,从而影响货币供给.因此,作为证券市场发展以后的货币调控,还必须考虑非银行金融机构在货币扩张中的作用与影响.
The rise of the securities market will undoubtedly promote the development of non-bank financial institutions in terms of both quantity and business.Traditionally, the difference between non-bank financial institutions and commercial banks lies in the latter’s ability to create the frontier of depository funds, so the average textbook Recently, more and more people are skeptical about non-bank financial institutions do not create money point of view.Based on whether non-bank financial institutions absorb deposits into deposits of non-bank financial institutions And non-deposit-taking non-bank financial institutions respectively, and through the analysis respectively, it can be concluded that both types of non-bank financial institutions can create money to a certain extent and thus affect the money supply. Therefore, as the monetary regulation after the development of the securities market, Consider the role and influence of non-bank financial institutions in monetary expansion.