The Analysis Of Monetary System Transition Path Of China

Monetary system transition path of China has some different contents and factors with monetary system transition path of the Western countries. Study on monetary system transition path of china and find the change law can open out the deep-seated reason of monetary system transition, and summarize the change law. It can explain its difference from overseas'. Accordingly forecasts the ideal mode of future monetary system and the primary matter of transition. This text studies on monetary system transition and its change path microscopically. It focuses on the factors of shaping the path and correlation of those factors. It makes use of many economic theoretic such as supply-demand theoretic, cost-efficiency theoretic and so on. On the background of Chinese history, culture, economy, politic, the text analyzes the path of monetary system transition and the trend. First of all, on the basis of introducing domestic and international research results in monetary system transition, this text summarizes the three paths of monetary system transitions of China . firstly, organizing system transitions path, from single bank system to monopoly competition system then to competitive bank system; secondly, credit system transitions path, designating credit management to lead by government then to both government leading and market inducting; finally, operation system transitions path, mix operate bank system to separating bank system then to integrating bank system. The form of monetary system transition path of China has such characteristic characteristics: the transition path is very complex; the form of transition path is flexuous, the monetary system transition path accords with economic system transition. Secondly, the text focuses on study on monetary system transition path of China and the factors which influence the transition path. The reason of difference between China and foreign countries is the special supply and demand and equilibrium characteristics of monetary system transition of China. The monetary official control the monetary equilibrium in name of government, so monetary system transition equilibrium of China has mark of monetary official's individual characteristics. Thirdly, to deeply analyze the equilibrium mechanism lead by government and monetary official, and open out the reason of monetary system transition path of China, the factors of shaping the path and correlation of those factors, the text searches particularly on the behavior mode of government and monetary officials in the course of monetary system transition, namely the utility function of government and monetary officials in monetary system transitions. The text searches for the academic basic of the utility function of government in monetary system transitions. There are four endocentric variables in government's utility function: the cost of direct controlling financial, resource distributing efficiency, financial safety, and availability of macroscopical control. And there also are five ectogenic variables. The text makes demonstration analyses on the trend of four endocentric variables. Analyses on individual utility function of financial officials, the text points out that the utility of financial official is the function of monetary income and no monetary income. The utility function of financial officials is not the same as that of government. Considering the special political system of China, equilibrium qualification of monetary system transition of China is the consistent of utility functions of government and financial officials. Their utilities are both positive that monetary system transition can carry on. Because of those special equilibrium qualifications monetary system transition of China has themself characteristics.The text analyses the path dependence of monetary system transition. After the shaping of system transition path, there are four mechanisms for self strengthen. Owning to those self strengthen mechanisms system transition hard to change once it started. To improve the efficiency of monetary s...