Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand

Xie Jiaojiao

doi:doi:10.11648/j.si.20170506.11

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Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand

Xie Jiaojiao

Published in Science Innovation (Volume 5, Issue 6)

Received: 25 October 2017 Published: 27 October 2017

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Abstract

China's "money shortage" is a micro liquidity tension that has occurred in macro liquidity. Based on the theory of money supply and demand, this paper builds a unified monetary settlement theory and model. The findings show that China's money shortage is a structural and cyclical monetary contraction caused by currency deposits. The deeper reason is the failure of the policy under the guidance of the wrong index and theory. To cure this problem, it is necessary to construct a theoretical model that is more realistic, and to act from the aspects of system, structure and implementation of monetary policy.

Published in	Science Innovation (Volume 5, Issue 6)
DOI	10.11648/j.si.20170506.11
Page(s)	331-343
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Chinese Money Shortage, M2/GDP, Currency Settlement

References

[1]	崔龙，2006，《转型中的中国货币流通速度的新探索：制度视角——兼论“中国之谜”》，中国制度经济学年会论文。
[2]	艾洪德、范南，2002，《中国货币流通速度影响因素的经验分析》，《世界经济》第8期。
[3]	乔晓楠，2015，《结构性货币沉淀与中国式钱荒——一个政治经济学的解析》，《政治经济学评论》第2期。
[4]	萨伊，1998，《政治经济学概论》，商务印书馆1998年1月。
[5]	凯恩斯货币需求理论与弗里德曼货币需求理论的比较分析，2014，《时代金融》2014年第8X期。
[6]	尤金•法玛，1965，《股票市场价格行为》，《商业学刊》。
[7]	傅红娟:《开放经济的中国货币政策研究》，2001，南开大学博士学位论文2001年10月。
[8]	弗雷德里克·S·米什金，2011,《货币金融学》，中国人民大学出版社2011年1月。
[9]	米尔顿·弗里德曼，2001，《货币数量论研究》，中国社会科学出版社2001年1月。
[10]	汪军红、李治国，2006，《产业结构变动对货币流通速度的影响——中国货币流通速度下降之谜》，《财经研究》第9期。
[11]	易纲，1996，《中国的货币、银行和金融市场：1984-1993》，上海：上海三联书店。
[12]	“钱荒”的本质是结构失衡，2013，《中国农村金融》2013年第13期。
[13]	马克思的资本周转理论与中国货币供给倒逼机制分析，2015，《当代经济研究》。
[14]	“钱荒”带来的货币政策思考，2015，《管理学文摘》2015年第1期。
[15]	数据来源：国家统计局。

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Xie Jiaojiao. (2017). Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand. Science Innovation, 5(6), 331-343. https://doi.org/10.11648/j.si.20170506.11

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ACS Style

Xie Jiaojiao. Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand. Sci. Innov. 2017, 5(6), 331-343. doi: 10.11648/j.si.20170506.11

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AMA Style

Xie Jiaojiao. Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand. Sci Innov. 2017;5(6):331-343. doi: 10.11648/j.si.20170506.11

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@article{10.11648/j.si.20170506.11,
  author = {Xie Jiaojiao},
  title = {Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand},
  journal = {Science Innovation},
  volume = {5},
  number = {6},
  pages = {331-343},
  doi = {10.11648/j.si.20170506.11},
  url = {https://doi.org/10.11648/j.si.20170506.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20170506.11},
  abstract = {China's "money shortage" is a micro liquidity tension that has occurred in macro liquidity. Based on the theory of money supply and demand, this paper builds a unified monetary settlement theory and model. The findings show that China's money shortage is a structural and cyclical monetary contraction caused by currency deposits. The deeper reason is the failure of the policy under the guidance of the wrong index and theory. To cure this problem, it is necessary to construct a theoretical model that is more realistic, and to act from the aspects of system, structure and implementation of monetary policy.},
 year = {2017}
}

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TY  - JOUR
T1  - Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand
AU  - Xie Jiaojiao
Y1  - 2017/10/27
PY  - 2017
N1  - https://doi.org/10.11648/j.si.20170506.11
DO  - 10.11648/j.si.20170506.11
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 331
EP  - 343
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20170506.11
AB  - China's "money shortage" is a micro liquidity tension that has occurred in macro liquidity. Based on the theory of money supply and demand, this paper builds a unified monetary settlement theory and model. The findings show that China's money shortage is a structural and cyclical monetary contraction caused by currency deposits. The deeper reason is the failure of the policy under the guidance of the wrong index and theory. To cure this problem, it is necessary to construct a theoretical model that is more realistic, and to act from the aspects of system, structure and implementation of monetary policy.
VL  - 5
IS  - 6
ER  -

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Author Information

Xie Jiaojiao

Commerce School, Zhengzhou University, Zhengzhou, China

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Xie Jiaojiao. (2017). Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand. Science Innovation, 5(6), 331-343. https://doi.org/10.11648/j.si.20170506.11

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ACS Style

Xie Jiaojiao. Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand. Sci. Innov. 2017, 5(6), 331-343. doi: 10.11648/j.si.20170506.11

Copy | Download

AMA Style

Xie Jiaojiao. Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand. Sci Innov. 2017;5(6):331-343. doi: 10.11648/j.si.20170506.11

Copy | Download

@article{10.11648/j.si.20170506.11,
  author = {Xie Jiaojiao},
  title = {Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand},
  journal = {Science Innovation},
  volume = {5},
  number = {6},
  pages = {331-343},
  doi = {10.11648/j.si.20170506.11},
  url = {https://doi.org/10.11648/j.si.20170506.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20170506.11},
  abstract = {China's "money shortage" is a micro liquidity tension that has occurred in macro liquidity. Based on the theory of money supply and demand, this paper builds a unified monetary settlement theory and model. The findings show that China's money shortage is a structural and cyclical monetary contraction caused by currency deposits. The deeper reason is the failure of the policy under the guidance of the wrong index and theory. To cure this problem, it is necessary to construct a theoretical model that is more realistic, and to act from the aspects of system, structure and implementation of monetary policy.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Money Shortage, Monetary Settlement and Monetary Policy —— A Monetary Settlement Model Based on the Theory of Money Supply and Demand
AU  - Xie Jiaojiao
Y1  - 2017/10/27
PY  - 2017
N1  - https://doi.org/10.11648/j.si.20170506.11
DO  - 10.11648/j.si.20170506.11
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 331
EP  - 343
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20170506.11
AB  - China's "money shortage" is a micro liquidity tension that has occurred in macro liquidity. Based on the theory of money supply and demand, this paper builds a unified monetary settlement theory and model. The findings show that China's money shortage is a structural and cyclical monetary contraction caused by currency deposits. The deeper reason is the failure of the policy under the guidance of the wrong index and theory. To cure this problem, it is necessary to construct a theoretical model that is more realistic, and to act from the aspects of system, structure and implementation of monetary policy.
VL  - 5
IS  - 6
ER  -

Copy | Download