| Currency plays a critical role in modern economy, and the policy is one of the two macro regulation policies. The currency authorities have used currency supply as the mediterget of currency policy since 1988. There are two determinate factors to currency supply capacity: one is currency IER, another is basic currency. The supply of basic currency is a acrogenic variable controlled by the authorities in our country, so the supply capacity is determined by estimating money multiplier, of which study is very important and necessary. We make a deep research on currency money multiplie and it's determine factors on the base of analysis about behavior of micro body in this text, and analyze the changing tend and forecastion with the method of econometricion.This paper summarized and made a brief evaluation of the domestic and foreign currency multiplier Research。Recalling the main schools in different periods of money demand theory and theory of money supply and monetary multiplier theory Classified micro-bodies on the basis of modern theory of deposit money creation; Analyzed the influence of the micro-bodies'income and expenditure action to bank deposits creation, which shows that the assumption of existing theory has a number of deficiencies. The research on the process of deposits should consider the expenditure behavior of micro-inspection to their revenue which makes research more in line with the actual situation. We make regression with deposit and affecting factors, and relaxed the modern currency bank deposits to create theoretical assumptions on the basis of better test results to found a new currency multiplier model. We analyzed the currency multiplier and its influencing factors. And the impact on the time trend of reunification, the study confirmed the variable changes in the past few years with some regularity. Finally, according to previous analysis of a number of important conclusions and made some policy recommendations. |
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