《论我国流动性过剩及其治理》-毕业设计（论文）.docVIP

摘 要 我国的流动性过剩是在全球流动性过剩的大背景下发生的。全球流动性过剩的主要原因，一是随着美国上世纪九十年代初对金融分业经营管制的消除和金融创新、对冲基金的发展，可流动的基金总量和流动速度大大增加。二是现代通讯、传输和运输技术的发展使资金流、信息流、物流的成本极大地降低，伴随着各国资本账户的日益开放和浮动汇率制的日益盛行，资金在全球流动的技术障碍和制度壁垒日益得到消除，资金融通速度加快，冲击力加大。三是美国布什政府上台以来，一直实行宽松的财政政策以及包括伊拉克战争在内的全球扩张政策。这导致美国储蓄率过低，国际收支逆差严重，对外输出大量美元。过去十几年来发生的全球和地区金融危机，都有全球流动性过剩或收缩的例子。这种背景下，中国是全球化体制的参与者，世界范围内的流动性问题不可能不对中国产生重大影响。 当前，我国货币流动性问题比较严峻，由于货币流动性过剩会直接影响到经济的稳定与健康发展，因此，经济界和决策层对此表示了极大的关注，并采取了一系列措施。本文拟在对当前的货币形势进行较客观判断的基础上，分析流动性过剩的内涵、成因，参考国际经验，提出平衡货币流动性过剩、缓解当前货币形势矛盾的对策建议。 关键词：流动性过剩；流动性过剩成因；流动性过剩治理 Abstract Chinas excess liquidity is excess liquidity in the global context of place. The main reason for excess global liquidity, first, the early nineties of last century as the United States on the financial sub-sector operations control, elimination and financial innovation, hedge fund development, which could flow of funds to significantly increase the volume and flow rate. Second, modern communications, transmission and transportation technology to make capital flow, information flow, greatly reducing the cost of logistics, along with the growing national capital account openness and the increasing prevalence of floating exchange rate system, capital flows around the world technical barriers and institutional barriers increasingly being eliminated, financial intermediation faster increase impact. Third, the Bush administration has been to implement expansionary fiscal policies as well, including the war in Iraq, including the worlds expansionist policy. This led to the U.S. savings rate is too low, a serious balance of payments deficit, exporting a large number of U.S. dollars. Over the past 10 years occurred in the global and regional financial crises, there is global excess liquidity or contraction examples. Against this background, China is a participant in the globalization system, the worldwide liquidity problems can not have a significant impact in China. At present, Chinas currency is fairly severe liquidity problems; due