本研究引进外资对我国货币流通速度的影响。外资的流入大大促进了我国的出口,同时也使货币当局的对外资产迅速增加,造成潜在的货币供给压力,使利率处于较低的水平,从而使货币需求成本低下,货币流通速度下降。
This paper studies the effects of foreign capital introduction on the money velocity in China. The results show that foreign capital inflows promote exports and enlarge foreign assets in China rapidly, and lead to potential pressure on money supply, which results in lower interest rate and lower cost of money demand, and declined money velocity consequently.