The discussion unfolded in this paper touches upon three nominal anchors: exchange rate anchor, monetary targeting, and inflation targeting.

Although interest rate target is better than the monetary target faced with the impact of money demand,interest rate target is not a proper choice for China because of its limitation.

China s Monetary Supply Targets and Rules: Problems and Solutions;

With the theoretic analysis and empirical analysis about monetary policy transmission inside stock market, we can draw a conclusion that the influence between the monetary supply and stock price is growing; the reactors of stock market to the interest rates adjustment are different.

According to the-lm curve theory,this paper analyzes the function of monetary supply is unstable in China now.

Research on Preventing the Risk of CPI Rising——Analysis based on the money supply;

On the Validity of the Money Supply as Intermediate Goal of Monetary Policy in China;

The ECM Model of Money Supply and Economy Growth;

This paper explores that, despite of the distinctions among China and those developed countries, the positive correlation between the GDP growth rate and monetary aggregates does exist in China.

The problem of monetary aggregates,price and output s correlation is a key problem of selection for intermediate targets of monetary policy,it is also a disputed spot in academic circles.

This thesis is to make a more though research on the validity of the monetary aggregates adopted as an intermediate target by the monetary policy in our country, employing methods of the theoretical and empirical analyses, of the qualitative and quantitative analyses.