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2005-08-18
请教:那位牛人能解释一下货币存量与货币供应量的区别,即各自在货币传导机制中的作用
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2005-8-20 16:50:00

do you mean the money suppy and money demand?? maybe...i just guessed that we could use the suppy and demand curve to explain the different situation. When the reserver bank increase the interest rate, it will cause that the money supply decreases. Because people want to put their money in the bank in order to get higher interest. At the same time, the money demand will decrease because of higher interest rate. The investors do not want to borrow money from bank , because they need repay the higher loaning rate.

on the other hand, the demand and supply of money will affect the exchange rate of domestic currency and national balance of payment. When the interest rate increase, the home-currency will appreciation. If the nation use the floating exchange rate, it will have a little bit influence of the balance of payment. If the nation uses the fixed exchange rate, it will cause the deficit or suplus of balance of payment.

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