MONETARY POLICY IMPACT IN THE CENTRAL BANK BALANCE SHEET IN THE EMERGING COUNTRIES
During periods of economic crisis, monetary policy operations undertaken by central banks is increasing, often linked in a controversial operations performed by the State. The study examines the impact of monetary policy operations by the central bank on its financial statements in particular in periods of crisis. It also examines the extent to which any losses caused by monetary policy operations could have a major impact on macroeconomic stability
Built upon the modernsaving theory, this paper stuies the current economic condition of Heilongjiang province, establishes econometric model of saving deposit according to statistics from 1990 to 2002. This paper comes to primary conclusions following a brief economic analysis on the indexes of the model.