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- W2350514945 abstract "The research about the monetary policy' validity can be divided into two levels.One focuses the relationship between the operation variables and intermediate variables,the other concentrated in the relationship between the intermediate variable and final variables.They are equally important to the monetary policy validity.In this paper,regression,co-integration and VAR methods are applied on the first level to analyze monetary validity.It turns out that there are three driving variables influencing M2 of China.The three variables are commercial bank credit channel,balance of the state treasury and balance of the national debt.It is concluded that management of the balance of the state treasury and balance of the national debt should be taken into account to make the monetary policies of the country." @default.
- W2350514945 created "2016-06-24" @default.
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- W2350514945 date "2006-01-01" @default.
- W2350514945 modified "2023-09-28" @default.
- W2350514945 title "An Empirical Analysis of Factors Influencing Monetary Supply of China" @default.
- W2350514945 hasPublicationYear "2006" @default.
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