本文關鍵詞：貨幣政策對股票價格波動的影響研究，，由筆耕文化傳播整理發(fā)布。

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碩士學位論文論文題目貨幣政策對股票價格波動的影響研究研究生姓名王建新指導教師姓名徐濤專業(yè)名稱金融學研究方向貨幣金融論文提交日期 2013 年 3 月貨幣政策對股票價格波動的影響研究中文摘要I貨幣政策對股票價格波動的影響研究中文摘要隨著股票市場逐步興起、發(fā)展、壯大,股票市場與實體經濟的關系也越來越密切。一方面,股票市場逐漸成為貨幣政策傳導渠道的一個重要組成部分,另一方面,股票價格自身的波動也對宏觀經濟產生了深遠的影響,股票價格的波動逐漸引起了貨幣當局的關注,因而研究貨幣政策對股票價格波動的影響具有重要的意義。這不僅有利于投資者依據(jù)貨幣政策對股票價格走勢做出合理的判斷,而且有利于完善貨幣政策的資產價格傳導渠道,提高貨幣政策的傳導效率,同時也關系到貨幣當局貨幣政策的制定。本文運用理論分析和實證檢驗相結合的方法論證貨幣政策對股票價格波動的影響,得出了以下結論:貨幣政策對股票價格波動存在一定的影響,但是總體影響效果不顯著,在當前形勢下,股票市場作為我國貨幣政策的傳導渠道還存在不足的因素;對于貨幣政策的中介指標貨幣供給量,廣義貨幣供給量(M2)對股票價格波動的影響效果要強于狹義貨幣供給量(M1);相對于貨幣供給量,利率對股票價格波動的影響效果更大,因而,在目前的狀況下,我國貨幣政策仍應以利率作為主要調控工具,同時加強對廣義貨幣供應量(M2)的關注。關鍵字: 貨幣政策, 股票價格, 傳導渠道作者:王建新指導老師:徐濤英文摘要貨幣政策對股票價格波動的影響研究IIThe Impact of ary Policy on Stock PriceFluctuationsAbstractWith the rapid development of China’s stock market, the relationship between thestock market and the entity economy is much closer. On the one hand, the stock markethas e an important channel for ary policy, On the other hand, the volatilityof stock price has had a profound impact on macroeconomic, challenging the target ary policy. So, it’s important to research the impact of ary policy on stockprice fluctuations. This not only helps investors make judgments on the stock price basedon the ary policy, but also helps to improve the efficiency of transmission ary policy, but also related to the formulation of ary policy. In this thesis, Imainly study the effect of Chinese ary policy on stock price in the theoretical andempirical way. I make some conclusions: ary policy has a certain impact on thestock price fluctuations,but the overall effect was not significant,it’s still insufficient forChina’s stock market as the transmission channel of ary policy; both the narrowmoney supply and the broad money supply have little effect on the positeindex, Broad money supply (M2) effect on stock price is stronger than the narrow moneysupply (M1);Compared to money supply, interest rates have a greater impact on the stockprice volatility; So, ary policy should be based on interest rates as the mainregulatory tools, at the same time, the central bank should concern about the broadmoney supply (M2).Keywords: ary Policy, Stock Price, Transmission ChannelWritten by :Wang JianxinSupervised by:Xu Tao目錄一、緒論...................................................................................................................... 1 1.1 選題背景............................................................................................................. 1 1.2 選題意義............................................................................................................. 2 1.3 研究方法與文章結構......................................................................................... 2 1.4 文獻綜述............................................................................................................. 3 1.4.1 國外文獻綜述........................................................................................... 3 1.4.2 國內文獻綜述.............................

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  本文關鍵詞：貨幣政策對股票價格波動的影響研究，由筆耕文化傳播整理發(fā)布。