Dissertation > Excellent graduate degree dissertation topics show

Marketization of interest rates and monetary policy Relational Issues

Author: LiuChunHua
Tutor: JiangChun
School: Wuhan University
Course: Finance
Keywords: Monetary Policy Interest rate market Property
CLC: F822.0
Type: Master's thesis
Year: 2005
Downloads: 370
Quote: 1
Read: Download Dissertation

Abstract


The relationship between interest rates and monetary policy theorists problem has always been hotly debated, but also the focus of the monetary authorities. Before the wave of financial liberalization, governments have strict financial controls, the relationship between interest rates and monetary policy issues have not been given sufficient attention. In recent years, countries around the world to carry out a market interest rate as the core of financial deepening reform, on exactly how to treat interest rates in monetary policy in the position, as well as exactly how to better play the interest rate on the question of the role of monetary policy , has been more and more researchers and policy makers concerned about monetary policy. From the theoretical point of view, focusing on monetary policy debate on the issue of interest rates mainly includes three aspects, namely the interest rate endogenous and exogenous problem? Whether interest rates as a monetary policy intermediate target? Rates in monetary policy is in what position? Etc. . From our point of view, in the long-term financial repression conditions, interest rates for the entire financial system and the economy concerned, is actually an exogenous variable, while the depth of China's current interest rate marketization reform of interest rates, but in fact emphasize endogenous . Also, at this stage, interest rates did not as the intermediate target of monetary policy, but rather as an operation target. But in any case, the interest rate is always the key to China's economic fundamentals in the variable interest rate non-market conditions, the allocation of resources it still plays an important role, even if this effect is distorted, with the interest rate market deepening the reform, such distortions are gradually being reversed. Interest rates on monetary policy issues hotly debated by our practice test. By the variance decomposition model and impulse response method, this paper that: from the monetary policy point of view, the ultimate goal of monetary policy interest rates played a certain role, but because of China's main interest rate (deposit and lending rates) yet the market, so The role of interest rates remains limited. Also, because no reasonable and thorough reform of property rights, the lack of micro-market interest rate sensitivity of the subject and the interest rate elasticity, the interest rate on consumption, savings and investment regulation is very limited. Therefore, from a deeper perspective, interest rates in order to better play the role of monetary policy, and promote the improvement of the effectiveness of monetary policy, we must first make reasonable reform of property rights, so that China's micro-market interest rates as a function of the body, in its internal establishment of modern enterprise system, improve its efficiency concept and the \market, improve financial products, and the importance of the development of SMEs, for the active country's economic and financial market to create a wide range of market players.

Related Dissertations

  1. Research on Physical Properties and Data Processing in the Process of Removing Acid of LNG,TE644
  2. The Research on the Comprehensive Modification Technology of Rice Protein Enzymatichydrolysis and Graft Copolymerization,TS201.2
  3. The Prokaryotic Expression of Melittin Gene and Its Targeting Transcription in Hela Cells,R346
  4. Ketones 3D-QSPR study,O641
  5. Research and Implementation of Pedestrian Detection in Video Images,TP391.41
  6. The Study of "Copycatting Phenomenon" under the Perspective of Intellectual Property Rights,F204
  7. The volatility of asset prices and monetary policy effectiveness research,F822.0;F224
  8. China Mobile Communications Corporation system of intellectual property protection,F626
  9. Macau Property Management Sustainable Development,F293.33
  10. The Study on the Legal of E-commerce,D922.29
  11. Legal Research on Reform of Property Rights for State-owned Monopoly Enterprises,F276.1
  12. Perspective of GM Technology for Food Security and Intellectual Property Protection,D923.4
  13. Study on Utilization of Cold Energy of Exhaust Air in Air Conditioning Systems,TU831.4
  14. On the Legal Protection of Network Virtual Property and the Protection of Civil Law,D923
  15. Study on the Crystallinity of Plla/Pdla Blends,O631.3
  16. Acquired in Good Faith Implementation of the Civil Application of the System,D925.1
  17. Confirming Non-infringing Intellectual Property Lawsuit Study in China,D925.1
  18. Research on Virtual Property,D923
  19. Going to Benefit Sharing of Intellectual Property,D923.4
  20. Intellectual Property Abuse and Legal Regulation,D923.4
  21. The Study on the Intellectual Property Right Protection of Hubei Mashroom Industy,F204

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