Research on China's funds outstanding for foreign exchange Fluctuation and Monetary Policy Adjustment
Journal Title: International Journal of Mathematics and Statistics Invention - Year 2018, Vol 6, Issue 5
Abstract
In the context of the Federal Reserve's interest rate hike process,This paper analyzes the impact mechanism of funds outstanding for foreign exchange account on domestic base currency investment.The structural VAR model empirically tests the relevant impact of funds outstanding for foreign exchange on domestic money supply and monetary policy. The empirical research results show that:First, the increase in funds outstanding for foreign exchange will help push up the domestic broad money supply M2 and domestic credit scale, but have less impact on M2 and domestic credit scale fluctuations;Second, the monetary policy operation means such as the central bank's rediscounting and refinancing business can play a more effective regulatory role for domestic M2, which indicates that China's monetary policy has a strong macro adjustment effect.Third, compared with the level of attention of the domestic broad money M2, China's central bank is more focused on regulating the impact of funds outstanding for foreign exchange on China base currency.There has not been a fundamental change in China prudent monetary policy.
Authors and Affiliations
Jiashan Li
Keywords
Related Articles
- EP ID EP432050
- DOI -
- Views 132
- Downloads 0
Non-Homogeneous Birth and Death Processes (Particular Case)
Homogeneous and non-homogeneous Birth and Death Processes (BDPs) have a great importance for many fields of applied probability. For example, Non-homogeneous (See [3],[4]and[5]) versions of the Birth and Death Processes...
Ratio Estimation of Teacher to Students In Junior Secondary School In Gombe Local Government Area
This research is an attempt to assess the ratio of teacher to students on one and the ratio of male to female enrolment, based on junior secondary school enrolment. The data was obtained from the enrolment of junior seco...
Birth and Death Processeswith Finished Number of States
:A realistic description of the development of a population must obviously take into account both the births and deaths of the individuals composing it, this description can be illustrated by a simple model that is obtai...
Oscillation and Convengence Properties of Second Order Nonlinear Neutral Delay Difference Equations
In this paper, we consider the second order nonlinear neutral delay difference equations of the form We establish sufficient conditions which ensures that every solution of is either oscillatory or tends to zero as . We...
A Non-Uniform Bound Approximation of Polya via Poisson, Using Stein-Chen Method and Ω –Function and Its Application in Option Pricing
In this work, the Stein-Chen method and the ω-function associated with Pόlya random variable are used to obtain a non-uniform bound approximation of Pόlya by Poisson in terms of point metric and Pόlya distribution applie...