本文运用理论研究与实证分析相结合的方法，首先系统阐述了国内外已有的
国库现金管理的研究成果，包括国库现金管理相关的概念、目标、内容及职能，
并介绍了制度创新理论及开展国库现金管理的前提条件。
然后分析了目前国库现金管理的常用的三种模式并对这三种模式进行了比
较；接着分析了我国地方国库现金管理的现状，对地方国库开展现金管理的必要
性及可行性进行了分析。
最后运用财务管理中的最佳现金持有量模型，来测算国库现金的最佳库存资
金量。选取 G 县财政的国库数据来进行实证分析，测算出 G 县国库库存资金量，
对 G 县可操作的国库库存现金，提出采用商业银行不同期限定期存款进行组合的
国库现金管理模式，经过计算可知采用此模式进行国库现金管理后可收到较大的
收益，为县级国库现金管理增加县级财政财力提供帮助。
关键词：县级国库；国库现金管理；最佳库存资金量；实证分析Abstract
Entering the new century , the country's fiscal revenue has maintained rapid
growth , the local fiscal revenue has been growing steadily , especially from March
2001 treasury centralized payment reform began, a lot of money in the treasury single
account high concentration , such that the central and local treasury stock increased
year by year . How to utilize these funds to play a greater efficiency is the central and
local governments need to solve the problem , especially for some of the funds are not
too wealthy county government , this desire more intense.
In this paper, theoretical research and empirical analysis of a combination of
methods , first systematically expounded the existing domestic and international
treasury cash management research , including treasury cash management related
concepts , objectives, contents and functions , and describes the theory and carry out
institutional innovation treasury cash management prerequisite.
Then analyzes the current treasury cash management and commonly used three
models of these three models are compared ; then analyzes the local treasury cash
management of the current situation of the local treasury cash management to carry out
the necessity and feasibility analysis .
Finally, we use the best financial management of cash holdings model to measure
the optimal inventory treasury cash amount of money . Select G county treasury data
for fiscal empirical analysis , a measurement of the amount of money G county
treasury stock , the G county treasury operational cash on hand, commercial banks
made use of term deposits for different combinations of treasury cash management,
through calculation shows this mode is used to carry out the management after
receiving a larger income for the county treasury cash management to increase the
county finance financial help.
Keywords: county treasury ; treasury cash management ; optimal inventory
amount of money ; Empirical Analysis
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