The National Debt Market And Macro-economic Regulation

Nowdays , national debt is not only a reliable method used to compensate financial deficits but also an important tool of monetary and fiscal policies . And the national debt market is a significant conduction mechanism when a country implements monetary and fiscal policy . Without a developed national debt market, the central bank cannot utilize open market operation to adjust monetary supply efficiently and the fiscal policy also cannot be implemented successfully .At the medium and later period of 90's ,our economy has experienced inadequate demand because of some interior and exterior factors . From 1998 to 2001 , our country has been expanding the distribution of national debt and using open market operation to influence monetary supply . As a result, our economy has been developed steadily .In 2002 , our country will go on distributing national debt and utilizing the monetary policy tool-open market operation . How can our country perfect our national debt market so as to serve macro-economic regulation ? This is the main content of my paper.My paper mainly includes five aspects:(1) national debt and national debt market . Introducing the function of national debt, the composition of national debt market and the developing process of our national debt market.(2)national debt market and macro-economic regulation . Analysing how the national debt market plays a role when fiscal and monetary policies are carried out .Introducing the effect of our national debt market when our country has implemented fiscal and monetary policies from 1998 to 2001 .(3)the present conditions of our national debt market. Introducing the weaknesses of our national debt market.(4)WTO and our national debt market. Analysing the influence on our national debt market when our country entered into WTO .(5)the development of our national debt market. In connection with the weaknesses of our national debt market, put forward some suggestions...