The Quantitative Easing Policy’s Impact On Stock Market Of Our Country

The outbreak of the financial crisis in2007, the European and American developedcountries such as the economic downturn. As soon as possible to the recovery from thetrough, the quantitative easing monetary policy, added a lot of liquidity to the realeconomy, the purpose is to improve the employment environment, in the domestic pricelevel, and promote economic growth. But, in fact, several rounds of quantitative easing inthe past, European and American countries such as the improvement of the economicenvironment is not effective, instead, to enter the world a lot of liquidity, a lot of monetaryliquidity shocks the world economy, and our country as the largest developing country,capital market is opening to the outside world, to make our country become the pursuit ofprofit and risk aversion ideal country capital market, so the European and Americancountries such as the release of excess liquidity will flow into the domestic, impact onChina’s capital market, the stock volatility. And the United States as the world’s first superpower, the financial crisis of the original study quantitative easing in the United States hasa realistic significance. Stock market as a barometer of a country’s economy, can react ingeneral level of a country’s economic development. So this article chose the quantitativeeasing policy impact on stock market of our country as the research content. To explore theinfluence of the way and mechanism, and fully predict the impact of the next round ofquantitative easing policy of our country, to provide some Suggestions for financialregulators, the in the economic transition period to keep the country stable economic andfinancial development is critical.In this paper, using the theory and empirical research method of combining.Theoretically discusses the impact mechanism of monetary policy through stock to me.Several rounds in the United States are analyzed in detail the specific operationbackground, operating tools of monetary policy and its influence on China. On the basis oftheoretical study, using VAR model quantifies the econometric model, it is concluded thatthe size of the monetary policy impact on stock market of our country. Finally according tothe results put forward during the quantitative easing monetary policy is conducive to the steady development of the Chinese stock market and capital market policyrecommendations, and puts forward prospect for global quantitative policy.