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通过对近几年来我国宏观经济变化特点的分析,不难发现法定存款准备金率是央行对宏观经济进行调控使用最为频繁的基本工具,这就使得不少专家学者开始重新思考我国央行的货币政策行为。本文主要采用了事件研究法来具体分析存款准备金率对股票市场是否存在影响关系,通过实证结果判断产生异常报酬率的可能性,并进一步分析央行调整准备金率的事件是否会对股票价格产生影响,使其发生波动。
Through the analysis of the characteristics of China’s macroeconomic changes in recent years, it is not difficult to find that the statutory deposit reserve ratio is the most frequently used basic tool used by the central bank to regulate and control the macro-economy. This has led many experts and scholars to rethink the monetary policy of the central bank behavior. This article mainly uses the event research method to specifically analyze whether the deposit reserve ratio has an impact on the stock market. The empirical results determine the possibility of abnormal returns and further analyze whether the central bank’s adjustment of the reserve ratio will have an impact on stock prices Influence, make it fluctuate.