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1、货币信用的形成机制（Theformationmechanismofmonetarycredit）Incontemporarysociety,alargenumberofmonetarycreditwiththecentralbankasthesourceandcommercialbankloansasthebasicwayisaneconomicphenomenonthatmanyscholarsandthepublicpaycloseattentionto.Whatisthespecificeconomicrelationshipreflectedbyt
2、hecreditofcurrency?Ifonlyonthesurface,thebanklending,moneysupplyseemstobequitearbitrary.However,thecurrencywithoutintrinsicvalueisaspecificformofcredit,justlikeothertypesofcredit,allcreditmustbefinallyimplementedtothespecificcreditoranddebtor.Webeginwiththeformationofcontemporarym
3、oneycredit,andstudytheessenceofmonetarycredit.First,papercurrency(currencyM0incirculation)Inordertounderstandthebasiccharacteristicsofpapermoneycredit,wecanputasidetheM0stockalreadyformed.Thequestionishowthecurrencyinthecirculationisincreasedandthespecificmeaningofthepapermoneyisi
4、ncreased.Oncethispointisclarified,thestockofmoneyincirculationatanygivenmomentisactuallyexplained.Inthecurrentbankingsystemwiththecentralbankasthecore,theincreaseofM0isrealizedthroughthecentralbankloanstocommercialbanks.Thecentralbankforthepurposeoflending,notbycommercialbanksatth
5、ecentralbankreservedepositsincreasedorexcessreservedepositsincreasedasthepremiseofthecentralbankcanalsousecommercialbanksinthecentralbanktoincreaselendingdeposit.Whenthecentralbankissuesachecktothecommercialbankdirectly,itistheexclusiveauthorityofthecentralbank,whichmeansthatallth
6、epeoplehavealreadygiventhecentralbankcreditinadvance.Supposethatthecentralbankincreasedloansby10billionyuan,whichistheassetsofthecentralbank,andintheaccountsofthecommercialbanks,therecordis10billionyuaninthecentralbank'sdeposits.Commercialbanksneedthe10billionyuanloan,andnowitisas
7、sumedthattheamountofpapermoneyneededbyindividuals,enterprisesornonproductionunitsisincreased.Therefore,theincreaseofcommercialbanks'depositsinthecentralbankisonlyatransitionalphenomenoninaveryshortperiodoftime.Intermsoffinancialpractice,commercialbanksshouldpaythereserveamounttoth
8、ecentralbankonceamonthaccordingto
