The Countermeasure Study on Chinese Excess Liquidity
Su Duoyong,Zhang Zuguo(Business School,East China Normal University,Shanghai 200122,China)
Entry 21 century,global aggressive monetary policy led to global excess liquidity.Because of the higher saving rate,the system of foreign management,the quick development of economy,the short of financial product and the entry of international capital,the excess liquidity of China is very serious.So we should take countermeasures which include expanding the consume demand,developing the China's capital market,reforming China's foreign exchange reserve management mechanism and the exchange rate mechanism and improving the effiency of the monetary policy.
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