文档介绍:我国货币政策与股票市场发展的相关性分析
摘要:我国的股票市场经历了十几年的浮浮沉沉,已经日益发展壮大,成为国民经济中不可或缺的一个重要,被称作经济的“晴雨表”。作为dddtt为我国政府宏观调控重要的货币政策,目前由于. com存在传统渠道弱化和传导机制不畅等问题,对经济的调控效果受到明显制约。随着股票市场的蓬勃发展及其与国民经济的联系日益密切,货币政策的实施必然影响到股票市场的走势和发展。本文在对货币政策和股票市场作相关基本概念分析的基础上,从货币供应量、利率、银行同业拆借利率三个方面币政策与股票市场发展的相关性进行了分析,并就提高我国股票市场货币政策传导效率提出了一些
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意见。
关键词:货币政策股票市场传导机制
Abstract: Through more than ten years development of stock market of China, it has grow up day by day and e an indispensable important part in national economy, which is called the economic "barometer". The ary po1icy, as one of the significant means for macroeconomic readjustment in our country, has been found apparently restricted in its role in recent years, due to traditional channels fading and transmission mechanism vigorous development of the stock market, which is linked more closely with the national economy, the implementation of ary policy inevitably influences its trend. This text does the brief summary to the ary policy and stock policy at first, analyze the relationship between the stock market and ary policy from currency supply, interest rate and interbank offered rate. Puts forward some advice to improving the efficiency of the stock market in transmitting the ary policy.
Keywords: ary policy; stock market; the transmission mechanism
引言
自20世纪90年代以来,全球经济金融结构演变的一个突出趋势是以股票市场为核心的资本市场得以持续发展,扩大,股票市场对国际经济、国内经济的影响也迅速加大ssbbww。作为dddtt现代市