Structural Study of Liquidity: Relative Liquidity Excess with Chinese Characteristics
- DOI
- 10.2991/icmcs-18.2018.115How to use a DOI?
- Keywords
- Excess liquidity; Money gaps; Econometrical model; Unbalanced development of economy; Excess productivity
- Abstract
A common idea of excess liquidity in the academia is that, too much money which should be used for GDP growth instead of causing excess productivity come into the capital market and the real estate market, and therefore, lead to series problems in the good market, labor market, capital market, exchange market, etc. This paper tried to set up a econometrical model on the basis of qualitative analysis, and found out too much deposit of enterprises, excess productivity caused by excess investment of some industries and the gradually increased differences between bank deposit and credit would increase excess liquidity further, and the development of tertiary will help to sooth the problem of excess liquidity. The deposit of the government and investment of real estate and state-owned enterprises will have both positive and negative effects to liquidity. In the background of unbalanced economic development, the level of both effects need more researches. Unbalanced economic and district development, imperfect economic institution and macro-policy, unfair distribution of payments are the fundamental reasons of and resolvents for excess liquidity.
- Copyright
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Panjia Chen PY - 2018/10 DA - 2018/10 TI - Structural Study of Liquidity: Relative Liquidity Excess with Chinese Characteristics BT - Proceedings of the 8th International Conference on Management and Computer Science (ICMCS 2018) PB - Atlantis Press SP - 560 EP - 564 SN - 2352-538X UR - https://doi.org/10.2991/icmcs-18.2018.115 DO - 10.2991/icmcs-18.2018.115 ID - Chen2018/10 ER -