货币政策与利率期限.docVIP

分类号 密级 UDC 编号 武汉大学 硕士学位论文 货币政策与利率期限结构 研 究 生 姓 名：李 丰 霞 指导教师姓名、职称：江 春 教授 学 科、专 业 名 称：金 融 学 研 究 方 向：货币银行学 年 月 日 The Monetary Policy and the Term Structure of Interest Rate By Li Fengxia May, 2006 郑 重 声 明 本人的学位论文是在导师指导下独立撰写并完成的，学位论文没有剽窃、抄袭、造假等违反学术道德、学术规范和侵权行为，否则，本人愿意承担由此而产生的法律责任和法律后果，特此郑重声明。 学位论文作者（签名）： 年 月 日 摘 要 利率期限结构在货币政策中发挥着越来越重要的作用，将利率期限结构的研究与货币政策相结合，考察货币政策对利率期限结构的影响，不仅能够促进利率在宏观经济调控中发挥作用，也对中国现在货币政策机制补充，为利率市场化实现利率在货币政策上的运用研究提供理论和实证基础。in the monetary policy. It not only supplements China’s monetary policy but also enhance the interest rate to work in the monetary policy through combining the studies of the term structure of interest rate and the monetary policy to probe into the role monetary policy plays in the term structure of interest rate. It also can provide theory and demonstration basis to the use of monetary policy after finishing interest rate marketization. But the latest researches in domestic academy are confined to form a yield curve of the securities using an overseas researching method and attach little importance to the relations between the term structure of interest rate and the central government’s monetary policy. Whereas the above discussion, this dissertation is aimed to probe into the roles the term structure of interest rate plays in monetary policy and the effect the monetary policy has on the term structure of interest rate by forming a yield curve of the government securities. The frame of this dissertation is as follows. A basic introduction to the theory of the term structure of interest rate is coming into the first. Then we probe into the relations among the term structure of interest rate, the macro variable and the monetary policy. Next we form a yield curve of the government securities using a model and the data collected from the web of Shangh