The Historical Evolution Of The Five Theories Of China's 60 Years Of Monetary History Of Thought Field

In 2007, the U.S. subprime mortgage crisis erupted, which rooted American looser monetary policy to some extent. In the same year, China erupted the inflation and affected Chinese people's living standards. The inflation is a monetary phenomenon whenever and wherever, which states a fact that the currency is interrelated with realistic economic life. Therefore, monetary theory study appears very important. As an important part of economics and the core content of financial theory, monetary theory is always a focus of the research of western economics. In China, monetary theory have had a long, tortuous and perpetuate development since established in 60's. We can say, the development of China's monetary theory is the testimony of economic development, reform and opening, the economic system transition in China, also a miniature of economic theory. In general, the current China's monetary theory is basically from abroad, but also represents different features of different stages and times in the process of China's economic development from the course and the idea.From the Angle of history of economic thought, this paper accurate analyzes contemporary monetary theories of China (since the founding of the people's republic of China), shows the developing path and context of China's monetary theory under the changing of economic system. It shows that China's monetary theory have characteristics of continuity and interim stage, and experiences the course from "closing" to "losting", and to "booming" at last.This paper is of six chapters:The first chapter mainly includes the research background, the significance and the present situation of the research.The second chapter is of the basic monetary theoretical research. Analyzes the arguments of Chinese scholars about the essence, the value foundation and the function of RMB, and discusses the debate about the nature, the class and the Time's value of monetary.The third chapter is of monetary current theories. Studies the current scope of monetary and monetary concept, then presents the research of monetary current laws (mainly paper currency), finally concludes the researches about monetary current marks of normalization and makes a brief analysis of the researches of China's "experience data ".The fourth chapter is of monetary theory of supply and demand, China's monetary theory was developed mainly from 1980s, therefore, the paper will be divided into three periods:in the 1980s and 1990s and since 2000, in which all experienced three stages:the rise, the development and the latest development, and in every stage divided into the supply and the demand.The fifth chapter is of inflation theoretical research. First introduces the meaning of inflation, then summarizes the relationship between inflation and economic, then introduces the inflation expectations theory, especially lee laya viscous expectations theory, finally classifies reasons of three times of inflation.The sixth chapter is of monetary policy theories, mainly discusses monetary policy in domestic financial theories from four aspects of the ultimate goal, intermediary goal, transmission mechanism and effectiveness of the research...