The velocity is a blend of velocity of income and velocity of transactions and reflects the comprehensive features of flow and stock of money , institution and transaction , and macro - and micro - variables 货币流通速度是收入流通速度和交易流通速度的综合，反映了货币流量与存量、制度与交易、宏观变量与微观变量的综合特征。
After the first chapter ' s brief introduction , to prepare for the later analysis , the second part narrates in detail the classical western economic theories about money velocity chronologically 在第一章简短的提出问题之后，第二章对西方货币流通速度研究的成果依照时间顺序对每一个变量给予较为详细的叙述，并为后面的分析铺平道路。
In addition , this paper also points out china ' s potential financial risk and distortion of income distribution mechanism , which are connected closely with china ' s money velocity 另外本文还指出了我国潜在的金融风险和扭曲的收入分配机制对货币流通速度减慢的影响。这些问题的出现都与我国转轨经济体制的特殊时期的特殊情况密切联系。
This paper emphasizes more on china ' s transition economy , hold that mere factors en institution changes tc influence money velocity should be paid attention , while all the traditional variables are considered 本文在考虑到传统理论在解释货币流通速度影响的同时，认为对于像中国这样一个处于迅速变化的转轨经济国家，更应该着重制度变迁对货币流通速度的影响。
But after this time , money velocity decreases for more than 20 years . especially gdp / m _ ( 2 ) , its decrease trend is unprecedented whether by its absolute value or its decrease speed 我国在改革开放以前货币流通速度长期保持在8左右，但是在改革开放以后货币流通速度出现了一路下滑的趋势，尤其是gdp m _ 2 ，不但是下降的绝对量还是相对速度都是世界历史上前所未有的。
This paper reviews the research results about the circulation speed of currency in china and defines the concerned terms and conceptions at first , then explores the characteristic of the circulation speed of currency in china since 1978 本文首先回顾中国货币流通速度的已有研究成果并定义了有关名词术语，接着系统考察自1978年来中国货币流通速度的中长期变动特征。
Chapter 2 expounds and proves the endogeneity of china ' s money supply from the aspects of money base , money multiplier , and velocity of money respectively . also analyses theoretically and empirically the phenomenon of extra money supply in china 第二章则分别从我国基础货币、货币乘数、货币流通速度角度论证了中国货币供给的内生性质，其中对超额货币供给现象也做了理论和实证分析。
So , not only monetization and security market emergence are the important variables discussed in this paper , but m _ ( 2 ) ' s specific role played in china ' s economy as financial asset is also crucial factor to determine money velocity 所以，在讨论了货币化假说、证券市场的影响之外，本文更详细的论证了我国货币作为金融资产的独特性以及其与发达国家由于资产结构不同而导致的货币流通速度效应。
The monetary velocity of our country will drop for period of time as a result of monetization deepening . the monetary velocity of our country overall tendency possibly rises with the economical development and the financial system consummation and the interest rate marketability 由于货币化的深入,中国货币流通速度下降仍将持续一段时间,但随着经济的发展、金融制度的完善、利率市场化程度的加深中国货币流通速度总体趋势将可能转而上升。
The monetary velocity theory is an important component of monetary theory . there is important directive significance to the monetary policy practice too . the monetary velocity is reflecting economic running quality and one of the effective indexes of the quality of monetary circulation 货币流通速度理论是货币理论的一个重要组成部分,也对货币政策实践有着重要的指导意义,货币流通速度是反映经济运行质量和货币流通状况好坏的有效指标之一。
