The Trend of China's Money Supply under the New Situation and the Study of Its Implications
Creators
- 1. College of International Economics & Trade, Ningbo University of Finance & Economics, Ningbo 315175, Zhejiang, China
- 2. College of Mathematical Sciences, Sichuan Normal University, Chengdu 610066, Sichuan, China
- 3. Ningbo philosophy and social science key research base "Research Base on Digital Economy Innovation and Linkage with Hub Free Trade Zones", Ningbo 315175, Zhejiang, China
- 4. Zhejiang soft science research base "Digital Economy and Open Economy Integration Innovation Research Base", Ningbo 315175, Zhejiang, China
Description
In the past few years, China's economy has encountered a series of intricate internal and external challenges, encompassing the impact of COVID-19, shifts in the global economic landscape, and domestic economic structural adjustments. During the period from 2021 to 2023, several significant changes occurred in the domestic and international economic and financial situations, such as escalating global inflationary pressures, interest rate hikes by the Federal Reserve, and heightened fluctuations in the RMB exchange rate, all of which exerted an influence on the domestic money supply. This study conducts an analysis of the variations in narrow money (M1) and broad money (M2) during the period from 2021 to 2023, delving into the underlying capital flows and their deep-seated reasons.
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20241002.pdf
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References
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