金融学专业 负利率政策在国外的实践及对我国的适用性分析研究VIP免费

摘要2008年金融危机发生后，负利率政策是许多经济体为解决当前经济难题所实施的非常规利率政策。负利率政策对与传统的货币政策来说是新的挑战，也是许多经济体用来解决当前经济难题的重要工具。从一些欧洲国家的实施效果来看，负利率政策能够有效稳定汇率，但都是短期性效益大于长期效益，经实践经验得出在短期内，负利率政策对提高金融市场信心有一定的激励作用，且能够对汇率等一系列经济指标产生明显的刺激，但长期效果来看，对实体经济并没有明显的改善效果，甚至还会增加市场的波动风险，从而导致金融系统的脆弱性。就当前因新冠肺炎疫情给中国经济带来的影响，鉴于中国有着丰富的政策储备，中国不需要实施负利率政策来改变现有的经济状况。关键词：负利率政策，中央银行，中国经济体系，新冠肺炎疫情ThePracticeofNegativeInterestRatePolicyAbroadandtheAnalysisofItsApplicabilitytoChinaAbstract：Afterthe2008financialcrisis,negativeinterestratepolicyisanunconventionalinterestratepolicyimplementedbymanyeconomiestosolvethecurrenteconomicproblems.Negativeinterestratepolicyisanewchallengetotraditionalmonetarypolicyandanimportanttoolusedbymanyeconomiestosolvethecurrenteconomicproblems.FromtheeffectofsomeEuropeancountries,anegativeinterestratepolicyeffectiveexchangeratestability,butareshort-termbenefitsgreaterthanthelong-termbenefits,thepracticeexperienceintheshortterm,anegativeinterestratepolicytoimprovethefinancialmarketconfidencehasthecertainincentives,andcanproduceobviousstimulationonexchangeratesandaseriesofeconomicindicators,butthelong-termeffectofview,Ithasnoobviousimprovementeffectontherealeconomy,andwillevenincreasethevolatilityriskofthemarket,thusleadingtothevulnerabilityofthefinancialsystem.IntermsoftheimpactofCOVID-19onChina'seconomy,Chinadoesnotneedtoimplementnegativeinterestratepolicytochangethecurrenteconomicsituationinviewofitsrichpolicyreserveandsoundeconomicpolicy.Keywords:negativeinterestratepolicy,centralbank,Chineseeconomicsystem,COVID-19outbreak目录....................................................................1..................................................1............................................1..................................................2..................................................2..................................................2..................3.....................................................................3.....................................................................4.....................................................................4.....................................................................5.....................................................................5........................................................6................................................6................................7............................................7..........................................................8............................................8..............................................................9....................................................................9...................................................................11一、引言2008年金融危机是继二战后对金融市场造成的最严重的一次伤害，也造成了严重的全球经济衰退。在此之后，全球各个国家中央银行为提高经济也实行了各种货币政策，但仍存在巨大挑战。在众多货币政策中，异于平常的超低利率成为了当前为解决经济衰退的大背景下的特殊手段之一。作为一种“异常”的货币政策，负利率政策突破了零利率的下...