全球低利率环境对中国经济的影响分析

发布时间：2018-05-17 12:06

本文选题：低利率 + 货币政策　；参考：《外交学院》2017年硕士论文

【摘要】：2008年全球金融危机后,全球处于低利率环境,随着经济全球化和区域一体化的不断深化,中国利率化进程不断完善,其他国家的负利率政策的外溢效应亦会对中国经济和中国货币政策产生影响。开放经济下,发达经济体通过利率渠道、汇率渠道、国际信贷渠道、资本流动渠道、国内需求渠道等传导方式影响其他经济体,全球的低利率货币环境影响中国的政策利率、长期利率、人民币汇率、国际贸易、外商直接投资和中国企业的对外直接投资等方面。为应对全球低利率环境对中国经济的外溢效应,中国应当完善人民币汇率决定制度、加强汇率与利率的联动性、提高银行间债券市场的流动性、促进国际金融监管合作和加强国际货币政策的协调。本文的主要框架分为五部分,第一部分导论,涉及本文的选题背景、意义和相关的文献综述;第二部分分析全球主要经济体采取低利率政策的现状和原因;第三部分论述开放经济条件下货币政策的国际传导机制;第四部分剖析全球低利率环境对于中国经济的影响;最后就中国应对全球低利率环境的外溢效应提出需采取的措施建议。
[Abstract]:After the global financial crisis in 2008, the world is in a low interest rate environment. With the deepening of economic globalization and regional integration, China's interest-rate process has been continuously improved. Spillover effects of negative interest rate policies in other countries will also have an impact on China's economy and monetary policy. In an open economy, developed economies influence other economies through transmission methods such as interest rate channels, exchange rate channels, international credit channels, capital flow channels, domestic demand channels, etc. The global low interest rate monetary environment affects China's policy interest rates. Long-term interest rate, RMB exchange rate, international trade, foreign direct investment and foreign direct investment of Chinese enterprises. In order to cope with the spillover effect of the global low interest rate environment on China's economy, China should perfect the RMB exchange rate determination system, strengthen the linkage between the exchange rate and interest rate, and enhance the liquidity of the interbank bond market. To promote international financial supervision and cooperation and to strengthen the coordination of international monetary policy. The main framework of this paper is divided into five parts: the first part is the introduction, which involves the background, significance and related literature review of this paper, the second part analyzes the current situation and reasons of the low interest rate policy in the major economies of the world. The third part discusses the international transmission mechanism of monetary policy under the condition of open economy, the fourth part analyzes the influence of the global low interest rate environment on China's economy. Finally, some suggestions are put forward for China to deal with the spillover effect of global low interest rate environment.
【学位授予单位】：外交学院
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F821;F124

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