本文選題：居民金融資產(chǎn)結(jié)構(gòu) + 貨幣政策��； 參考：《中國(guó)海洋大學(xué)》2013年碩士論文

【摘要】：居民是社會(huì)的微觀主體。改革開(kāi)放后,隨著經(jīng)濟(jì)的發(fā)展,我國(guó)居民金融資產(chǎn)總量逐漸擴(kuò)大,它的內(nèi)容和結(jié)構(gòu)關(guān)系著宏觀經(jīng)濟(jì)政策的制定和傳導(dǎo),微觀經(jīng)濟(jì)主體的正常生產(chǎn)生活和安居樂(lè)業(yè)。貨幣政策是宏觀調(diào)控的重要手段,它調(diào)控國(guó)民經(jīng)濟(jì)的廣度、深度,影響微觀主體的決策,值得廣大金融學(xué)者研究。居民家庭的金融作為即資產(chǎn)定價(jià)、公司理財(cái)之后世界金融學(xué)科的又一研究重點(diǎn),在世界范圍內(nèi)受到了廣泛地重視。我國(guó)在此領(lǐng)域的研究由于統(tǒng)計(jì)數(shù)據(jù)的缺乏,還處于初級(jí)階段。我國(guó)個(gè)人及居民資產(chǎn)的統(tǒng)計(jì)還處于起步階段。 在本文中,首先介紹了我國(guó)居民金融資產(chǎn)的內(nèi)涵、發(fā)展歷史和現(xiàn)狀,然后詳細(xì)闡述了各種與貨幣政策影響居民金融資產(chǎn)結(jié)構(gòu)有關(guān)的理論,主要包括居民消費(fèi)儲(chǔ)蓄行為理論、資產(chǎn)替代理論、家庭資產(chǎn)組合理論、貨幣政策傳導(dǎo)機(jī)制理論。而后做了大量工作,從官方統(tǒng)計(jì)的各個(gè)年鑒,報(bào)表,數(shù)據(jù)中,整理出居民持有的金融資產(chǎn)的數(shù)額,做出圖表,結(jié)合我國(guó)貨幣政策的變量進(jìn)行了一定的理論分析,并運(yùn)用VAR模型進(jìn)行了實(shí)證檢驗(yàn)。脈沖響應(yīng)函數(shù)表明,貨幣供應(yīng)量和利率指標(biāo)都對(duì)居民金融資產(chǎn)結(jié)構(gòu)的風(fēng)險(xiǎn)安排有一定影響,但方差較大,因此貨幣政策對(duì)居民金融資產(chǎn)的影響具有一定的不確定性。方差分解的結(jié)果顯示,利率的波動(dòng)對(duì)居民金融資產(chǎn)結(jié)構(gòu)的影響較大。貨幣政策對(duì)于居民金融資產(chǎn)的影響具有一定影響,但由于我國(guó)居民持有的金融資產(chǎn)種類較少,居民金融資產(chǎn)的結(jié)構(gòu)還是以儲(chǔ)蓄存款為主,其余各種貨幣政策傳導(dǎo)路徑對(duì)我國(guó)居民金融資產(chǎn)的影響十分有限。 最后,本文提出未來(lái)需要進(jìn)一步加強(qiáng)我國(guó)金融深化步伐,擴(kuò)大居民可以投資的金融資產(chǎn)的種類,對(duì)股市和證券投資基金市場(chǎng)等加強(qiáng)監(jiān)督管理,進(jìn)一步做好居民金融的統(tǒng)計(jì)工作等政策建議。
[Abstract]:Residents are the microcosmic main body of society. After the reform and opening up, with the development of the economy, the total amount of the financial assets of the residents in our country is expanding gradually. Its content and structure are related to the formulation and transmission of macroeconomic policies, the normal production and life of the microeconomic subjects, and the security of the macro regulation and control, and it regulates the national economy. The breadth, depth, and the decision making that affect the micro body is worth studying by the majority of financial scholars. As the asset pricing of the household, the other research focus of the world financial discipline after the company's financial management is paid more attention in the world. Our research in this field is still in the primary stage because of the lack of statistical data. The statistics of personal and resident assets in China are still at the initial stage.
In this paper, we first introduce the connotation, history and current situation of Chinese residents' financial assets, and then elaborate various theories related to the influence of monetary policy on the structure of residents' financial assets, including the theory of resident consumption and savings behavior, the theory of asset substitution, the theory of family assets combination and the theory of monetary policy transmission mechanism. A lot of work is done. From the annual reports, reports and data of official statistics, the amount of the financial assets held by the residents is sorted out, and a certain theoretical analysis is made with the variables of the monetary policy in China. The VAR model is used to carry out an empirical test. The impulse response function shows that both the money supply and the interest rate index are all on the residential gold. The risk arrangement of financing structure has a certain influence, but the variance is large, so the influence of monetary policy on the financial assets of residents has certain uncertainty. The result of variance decomposition shows that the fluctuation of interest rate has great influence on the structure of the financial assets of the residents. There are few types of financial assets held by the residents in China, the structure of the residents' financial assets is mainly based on savings deposits, and the influence of the other monetary policies on the financial assets of our residents is very limited.
Finally, this paper proposes to further strengthen the financial deepening of China, expand the types of financial assets that residents can invest, strengthen supervision and management on the stock market and the securities investment fund market, and make further policy suggestions on the statistical work of the residents' finance.

【學(xué)位授予單位】：中國(guó)海洋大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F822.0;F832.1

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本文編號(hào)：1795948