Liquidity Management Of Imbalance

When the financial crisis storms global, the fed since2009launched twoquantitative easing, on the one hand, played the role of the financial market of saveknight, on the one hand, and global capital markets in to the reservoir water injectionconstantly, buried the flood of liquidity risk, become global each market constantly adjusteconomic strategy pointer, imbalance of liquidity problem has become a nationaleconomic adjustment of weight of the main consideration. China, as a new strongeconomies, the four gold ingot identity revealed its in the global economy more in thetop of position, but in economic development is exploring, and peripheral environmentchanges the historical moment, how to deal with the global liquidity change of China’scapital market liquidity changes, solve the liquidity imbalances in liquidity "excess" or"the lack of" to find a balance between the two, is to the central bank and marketsupervision department prospectie force, determination test.This paper in Marshall K value for the present to measure liquidity, got the ourcountry after2008have excess liquidity to squeeze a reversal of the conclusion. Useempirical analysis method to the A share market as an example, collected2002-2011GDP, M2and can represent financial control of the means of index, through the Varmodel to analyze the imbalance in liquidity situation of our country adopts the macromonetary policy and the effectiveness of the financial control means, get the includingdeposit reserve rate, interest rates, foreign exchange rates and the strength of the liquidityadjustment, the direction, the efficiency of the conclusion. And based on the analysis ofthe control of policy in the stock market and has a seesaw effect between the spillovereffects of the bond market, real estate market controls for other market spillover effects,and international factors outside of China’s liquidity and designated policy influence.ssue about governmFinally, found the present Chinese and liquidity conditions and internal and externaleconomic environment is similar to Japan in the90s the typical cases of liquiditymanagement experience for analysis, based on this the liquidity conditions that ourcountry and imbalances governance research conclusion, from the macro economic policies, the central bank regulatory measures, financial system construction andinternational economic cooperation point of view, about imbalances in liquidity, Chinahow to manage unbalanced financial policy guarantee the effectiveness of the macroSuggestions.