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在近期公布的数据中,广义货币M2与名义GDP的比值引起了广泛的兴趣。2012年M2/GDP达到187%,创出新高,仍保持不断上升的趋势。其中M2绝对量达到97.42万亿元,比2008年翻了一倍。从国际上来看,这个比值远超欧美国家,美国M2和名义GDP的比值分别为60%,欧元区44%,日本约为144%。中国的M2/GDP高而且持续高由来已久,不但高于一般的发达国家,而且遥遥领先于起点差不多的其他“金砖”国家。有人认为M2/GDP高企表明货币供应增长快于经济增长,
In the recently published data, the ratio of broad money M2 to nominal GDP has aroused widespread interest. In 2012, M2 / GDP reached 187%, reaching a new high and still maintaining the rising trend. Among them, the absolute amount of M2 reached 97.42 trillion yuan, double that of 2008. Internationally, this ratio far exceeds that of the United States and Europe. The ratio of M2 to nominal GDP in the United States is 60%, that of the euro zone is 44% and that of Japan is 144%. China’s M2 / GDP is high and long-lasting, not only higher than the developed countries in general, but also ahead of other countries with similar starting points. Some people think that the high M2 / GDP shows that the money supply growth is faster than economic growth,