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admin 管理員 2010-11-15 16:34:00
11#
moneyking 高級會員

>>...
王國剛:貨幣統計與貨幣供應兩者是不一樣的概念。我們的貨幣統計有M0、M1、M2,很多人認為這就是貨幣供應。在貨幣統計中,M0是央行發行的貨幣,叫貨幣供應量  ... 引用:

唔,有兩位擁蕭派出來撑蕭,不過聾嘅都聽得出當日佢講嘅無疑係M2(貨幣供應量) ,仆街的地方係佢將M2當M0吖馬,當貨幣供應量當係印銀紙吖馬。

聾嘅都聽得出當日佢講嘅argument,切入點係,「點解將美國量化寬鬆睇成 ... 老兄, 根據你quote既果篇文章, M2係"貨幣統計既一種",M0先至係"貨幣供應量", 即係印銀紙量呀,我諗你都要搞清楚先.<<

不過老簫的確將印銀紙量同M2混淆。
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admin 管理員 2010-11-16 16:34:00
12#
>>moneyking
老兄, 根據你quote既果篇文章, M2係"貨幣統計既一種",M0先至係"貨幣供應量", 即係印銀紙量呀,我諗你都要搞清楚先. <<


關於m0,m1,m2甚或m3,有幾個提法:


•M0: In some countries, such as the United Kingdom, M0 includes bank reserves, so M0 is referred to as the monetary base, or narrow money.[11]

•MB: is referred to as the monetary base or total currency.[8] This is the base from which other forms of money (like checking deposits, listed below) are created and is traditionally the most liquid measure of the money supply.[12]

M1: Bank reserves are not included in M1.

M2: represents money and "close substitutes" for money.[13] M2 is a broader classification of money than M1. Economists use M2 when looking to quantify the amount of money in circulation and trying to explain different economic monetary conditions. M2 is a key economic indicator used to forecast inflation.[14]

M3: Since 2006, M3 is no longer published or revealed to the public by the US central bank.[15] However, there are still estimates produced by various private institutions. (M2 +large deposits and other large, long-term deposits)

MZM: Money with zero maturity. It measures the supply of financial assets redeemable at par on demand.

The ratio of a pair of these measures, most often M2/M0, is called an (actual, empirical) money multiplier.
http://en.wikipedia.org/wiki/Money_supply
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admin 管理員 2010-11-16 16:35:00
13#
Example
Note: The examples apply when read in sequential order.

M0

Laura has ten US $100 bills, representing $1000 in the M0 supply for the United States. (MB = $1000, M0 = $1000, M1 = $1000, M2 = $1000)

Laura burns one of her $100 bills. The US M0, and her personal net worth, just decreased by $100. (MB = $900, M0 = $900, M1 = $900, M2 = $900)
M1

Laura takes the remaining nine bills and deposits them in her checking account at her bank. (MB = $900, M0 = 0, M1 = $900, M2 = $900)

The bank then calculates its reserve using the minimum reserve percentage given by the Fed and loans the extra money. If the minimum reserve is 10%, this means $90 will remain in the bank's reserve. The remaining $810 can only be used by the bank as credit, by lending money, but until that happens it will be part of the banks excess reserves.

The M1 money supply increased by $810 when the loan is made. M1 the money has been created. ( MB = $900 M0 = 0, M1 = $1710, M2 = $1710)

Laura writes a check for $400, check number 7771. The total M1 money supply didn't change, it includes the $400 check and the $500 left in her account. (MB = $900, M0 = 0, M1 = $1710, M2 = $1710)

Laura's check number 7771 is accidentally destroyed in the laundry. M1 and her checking account do not change, because the check is never cashed. (MB = $900, M0 = 0, M1 = $1710, M2 = $1710)

Laura writes check number 7772 for $100 to her friend Alice, and Alice deposits it into her checking account. MB does not change, it still has $900 in it, Alice's $100 and Laura's $800. (MB = $900, M0 = 0, M1 = $1710, M2 = $1710)

The bank lends Mandy the $810 credit that it has created. Mandy deposits the money in a checking account at another bank. The other bank must keep $81 as a reserve and has $729 available for loans. This creates a promise-to-pay money from a previous promise-to-pay, thus the M1 money supply is now inflated by $729. (MB = $900, M0 = 0, M1 = $2439, M2 = $2439)

Mandy's bank now lends the money to someone else who deposits it on a checking account on yet another bank, who again stores 10% as reserve and has 90% available for loans. This process repeats itself at the next bank and at the next bank and so on, until the money in the reserves backs up an M1 money supply of $9000, which is 10 times the M0 money. (MB = $900, M0 = 0, M1 = $9000, M2 = $9000)

M2

Laura writes check number 7774 for $1000 and brings it to the bank to start a Money Market account (these do not have a credit-creating charter), M1 goes down by $1000, but M2 stays the same. This is because M2 includes the Money Market account in addition to all money counted in M1.

http://en.wikipedia.org/wiki/Money_supply
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admin 管理員 2010-11-16 16:35:00
14#
大陸稱M2為廣義貨幣供應量,M0為狹義貨幣供應量。中國統計年鑑裡面講得好清楚:

成個叫貨幣供應量
M2=貨幣+準貨幣
貨幣=M1=M0(流通中現金)+ 活期存款
準貨幣=定期存款+儲蓄存款+其他存款

廣義貨幣供應量(M2)=M0(流通中現金)+ 活期存款+定期存款+儲蓄存款+其他存款
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admin 管理員 2010-11-16 16:36:00
15#
專家王國剛指出,成個係一種貨幣統計概念,其中又包含貨幣供應概念。唔係如moneyking所說:「M2係"貨幣統計既一種",M0先至係"貨幣供應量"」. 唔係兩種measurment ,係一個measurment中,有兩個不同概念。

但Overall,叫「貨幣供應量」,有時卻被誤認為貨幣(現金)供應(俗稱印銀紙),但估唔到老蕭會中招,會將中國印4萬億銀紙誤認為印了69萬億,是天大笑話。最最最荒謬係,佢成晚的意識是:

「美國只加印6千億美金,而中共印了69萬億人民幣,點解話美國係擾亂世界金融秩序嘅罪魁禍首聯呢?不過咁,中共印69萬億,是水浸自己啫。但但中國GDP只係美國的35%,貨幣供應量升成30幾%,供應總量拍住美國,為乜呢?….」

老蕭是講大話定無知?但很難想像用無知同蕭x元等同起來。
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admin 管理員 2010-11-17 16:37:00
16#
sniper1227 VIP

good post, push!!!!
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admin 管理員 2010-11-17 16:37:00
17#
翻聽archive,初以為留嗡係專家,點知太監到無人有。反而近x知最初用蚊滋咁聲提過M2一詞,我估計佢warn緊老細,中間佢又插咀:「圖表係咪真架…」,點知"昏君"一直講落去.講通漲分析,錯。講日本無乜印銀紙(印銀紙是一種簡單說法),又錯,唔知佢Up乜(日本施行了20年量化寬鬆政策),仲牙擦地話無一個經濟專家知道。叫班太監學吓佢嘅9Up偉論,可以駁倒博士,云云。
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admin 管理員 2010-11-17 16:38:00
18#
壽頭仔 新手

腦燒琴晚又講經濟,口口聲聲M2,M2,似乎睇過呢一欄,樓主點睇?
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admin 管理員 2010-11-17 16:38:00
19#
>>壽頭仔
腦燒琴晚又講經濟,口口聲聲M2,M2,似乎睇過呢一欄,樓主點睇? <<

條友真係唔掂,其實上周五12/11佢仲有好多錯嘢我仲未講。前晚17/11佢叫做回應外間評論,佢第一講(美國)印銀紙萬歲論,但成晚唔知佢嗡乜,腦退化。第二又講M2/GDP比值。第三話聯儲局係私人機構,係政府的對頭,但錯哂。

關於M2/GDP比值,老蕭的思維模式其實好簡單,逢事由「中共唔掂諗起」----揾到或砌出一些現像証明中共唔掂---連好掂個辯都可以砌(生豬肉),然後用一些理論及數據論証呢個現像,不惜指鹿為馬,成日話只有佢一個人得穿,成日話教人看事情。如果解釋唔到(現像),會臉皮尺幾厚問點解----但中共唔掂是肯定的(最後嘅理由係唔民主)。蕭x元論經濟在網上是一個蕭氏九Up集。
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admin 管理員 2010-11-17 16:39:00
20#
上周五12/11佢發現中共的M2/GDP比值大於美國,如獲至寶,但佢又笑話地將中國M2(69萬億)當M0(4萬億),白痴地提出:「美國加印六千億美元,點解俾人話係擾亂世界金融秩序嘅罪魁禍首呢?」,佢意思係,中國印69萬億銀紙,仲大罪啦。但佢又加一句:「to be fair,中國水浸自己啫」,真是不一般的腦退化。現在全球化,沒有水浸自己這回事。現在香港豪宅飈升,白痴都知道是中國錢水浸香港(但不是中國印69萬億銀紙,中國只印了4萬億),雖然中國有外匯管制。

老蕭大概更不知道,中國的M0,M1,M2同美國的計法好不同。試舉一例,中國不流行支票(貨幣流動性問題),我係#14引用的資料,就針對這一點。老蕭先入為主以中共唔掂進行論証,但唔使用美國作比較也,中共唔掂處係另外一D嘢。而美國窮(指政府)中國富(指政府),係人都知,唔明老蕭點解要生安白造,要指鹿為馬----美國政府窮,掂,中國政府富,唔掂。

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