Dissertation > Excellent graduate degree dissertation topics show

The Research of the Regional Difference of the Transmission Effects of Monetary Policy

Author: AoQianWei
Tutor: LuoTianYong
School: Guizhou College of Finance and Economics
Course: Finance
Keywords: monetary policy transmission mechanism regional effect
CLC: F822.0
Type: Master's thesis
Year: 2009
Downloads: 68
Quote: 0
Read: Download Dissertation

Abstract


In essence,monetary policy is a macro-economic tool responsible for aggregate control . But in the economic structure of a big country,due to the variance of regional economic development level and different level of financial marketization,uniform monetary policy will result in different transmission effects in different regions. Uniform monetary policy which is implemented mainly on the economic development situation of developed regions may facilitate the development of developed regions,but constrain the one of developing regions,so as to increase the gap of regional economic and financial development.This paper uses the monetary policy transmission mechanism theories in western economics,choosing Jiangsu province and Guizhou province as example of developed and developing regions respectively,makes a judgement that the transmission effect of monetary policy in Jiangsu province is better than that one in Guizhou province,based on the all-around comparison of the base of monetary policy transmission of the two provinces. At follows,this paper compares and analyzes the transmission effect of the expansionary monetary policy of 1998-2002 and the tight monetary policy of 2003-2006 in the two provinces. It is found that on one side, in the 1998-2002 expansionary monetary policy period, there are no obvious proofs that the transmission effect of monetary policy in Jiangsu province is better than in Guizhou province ,maybe due to the more powerful positive fiscal policy in Guizhou province under the guidance of Development of the Western Regions at the same period;on the other side,the judgement that the transmission effect of monetary policy in Jiangsu province is better than in Guizhou province is better proved by the analysis of the 2003-2006 tight monetary policy period,which is not interfered by the neutral fiscal policy. Furthermore,this paper uses the econometric tool build a Vector Auto-Regressive model. Through impulse response analysis,the elementary conclusion that the transmission effect of monetary policy in Jiangsu is better than that in Guizhou is further approved,which is based on the comparison of the responsive value of the two provinces’ industrial added value to the strike of loan duiring the period of 2004 and 2007.Lastly,this paper makes some suggestions about how to improve the monetary transmission effect in Guizhou province,so as to reduce the difference of the transmission effect of uniform monetary policy in developed and developing regions,further,the regional difference of economic and financial development.

Related Dissertations

  1. Research on Asymmetric Effects of China’s Monetary Policy,F224
  2. Governance of Japan's bubble economy,F131.3
  3. Theoretical and Empirical Analysis of Chinese Stock Market Affecting Monetary Policy Transmission Mechanism,F822.0;F224
  4. The Influence of Increasing Foreign Exchange Reserves to Monetary Policy in China,F822.0;F224
  5. Research on the Correlation between Chinese Stock Market and Monetary Policy,F832.51;F822.0
  6. The Structure Design of 2000kN Servo Press for Hot Forming,TG385
  7. The volatility of asset prices and monetary policy effectiveness research,F822.0;F224
  8. An Empirical Study on the Relationship between Monetary Policy and China’s Stock Market Risk,F822.0;F832.51
  9. Research on the Effect of China’s Monetary Policy on Stock Market,F822.0;F832.51
  10. The Research on the Monetary Policy Transmission Mechanism of the Stock Market,F822.0;F832.51
  11. Analysis on the Relationship between the Price Fluctuation of Virtual Capital Market and Monetary Policy,F832.51;F822.0
  12. Research on Regional Effects of Monetary Policy from the Perspective of Credit Transmission Channel,F822.0;F224
  13. The Study of the Relation Between Stock Market Fluctuation and Monetary Policy,F832.51;F822.0
  14. The Stock Market Bubble and Monetary Policy,F832.51;F822.0
  15. The Research on the Effect of Chinese Monetary Policy to Stock Price,F822.0;F832.51
  16. Empirical studies of the effect of China 's monetary policy, industrial agriculture - based empirical,F822.0
  17. The Analysis of Exchange Rate System’s Effect on Monetary Policy in China,F822.0
  18. Analysis of the Asset Price Transmission Channel of Monetary Policy in China,F822.0;F726
  19. A Comparative Study of Inflation Targeting Regime Across Nations and Its Adaptability in China,F822.5
  20. Asset Prices’ Influence on Monetary Policy,F822.0
  21. A Study on Effectiveness of China’s Monetary Policy,F822.0

CLC: > Economic > Fiscal, monetary > Currency > China's currency > Principle of policy and its elaborate
© 2012 www.DissertationTopic.Net  Mobile