One of the theories concluded from financial innovation is that , by strengthening policy measures to influence currency flow speed and thus influence nominal gnp , financial innovation can weaken the function of gnp and ml as intermediate policy . to confine nominal gnp growth ratio changes to a certain range , national currency bureau must have a correct prediction of the initial currency flow speed decline 得出金融创新的基本源泉，就是对反复无常和不确定的宏观经济政策做出的市场反映；金融创新的一个政策结论就是，通过加强政策措施对货币流通速度，从而对名义gnp产生影响；金融创新降低了名义gnp或m1作为一种中间政策目标的有用性。
At first , the article analyzed the change trend of the monetary velocity of our country since reform and opening - up . the monetary velocity of our country has demonstrated the regular time sequence characteristic that decreases progressively for a long time since the reform and opening - up , have consistency with the general downward trend of the monetary velocity in the whole world 本文首先对改革开放以来我国货币流通速度的变动趋势进行了分析,发现改革开放以来,我国货币流通速度变动长期表现出有规律递减的时序特征,与世界范围内货币流通速度普遍下降的趋势具有一致性。
According to the rate of increase form of the equation of the income , money supply rate of increase which as monetary policy intermediate objective mainly is decided by the economic growth rate , rate of price rises and rate of change of speed of the monetary velocity . therefore , through the study on monetary velocity , we can analyze the actual effect of the monetary policy more deeply , and play a certain reference arriving role to the formulation and implementation of the monetary policy 根据收入方程式的增长率形式,作为货币政策中间目标的货币供应量增长率,主要取决于经济增长率、物价上涨率和货币流通速度变化率。因而,通过对货币流通速度的研究,能够更加深入地分析货币政策的实际效果,并对货币政策的制定和实施起到一定的参考作用。
