在当今中国银行业改革的艰难时期,央行一直是中国银行业改革的积极推动者,面对上述情况,所以央行的决策要学聪明。要吸取80年代中期企业定额流动资金“拨改贷”的教训。中国货币政策传递机制中扭曲的很多复杂现象,已远远不是西方货币银行学教科书中一些理论概念所能概括、所能简单推理的。 In the difficult times of China’s banking reform, the central bank has been an active promoter of China’s banking reform. Faced with the above situation, the central bank’s decision-making must be smart. To learn the mid-80s fixed-term liquidity of enterprises “change credit” lesson. Many complex phenomena distorted in the transfer mechanism of monetary policy in China are far from simple generalizations that can be generalized by some theoretical concepts in the textbook of western currency banking.