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Research on Regional Effects of Monetary Policy from the Perspective of Credit Transmission Channel
Author: PanYunShuang
Tutor: ZhaoFuLu
School: Liaoning Technical University
Course: Industrial Economics
Keywords: Monetary policy Credit Transmission Channel Regional Effect Regulation strategy
CLC: F822.0;F224
Type: Master's thesis
Year: 2009
Downloads: 78
Quote: 1
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Abstract
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The monetary policy of the central bank of a country to achieve economic goals , and the use of various monetary policy tools to regulate and control the money supply and interest rates and other intermediary indicators , thus affecting the macro-economic policy and the sum of the measures . Unified monetary policy is effective implementation of the usually regional economic and financial integration run as a precondition . However , in our country , due to the regional economic and financial differences , a unified monetary policy in different regions have emerged conduction . Considerably weaken or even distorted monetary policy role and effect of the macroeconomic regulation , but also increased the gap between the economic development of the various regions , and hinder the coordinated development of regional economy . Firstly, from the credit transmission channels of monetary policy as an entry point , to demonstrate effective credit conduction channels of monetary policy in our country . Then large amounts of data to the of eight integrated economic area , according to the conduction of monetary policy, credit channels selected variables , the use of the unit root test and cointegration test to determine the long-term stable relationship between variables , and linear regression , testing the credit transmission of monetary policy in China channels there are regional differences. On this basis , the monetary policy of regional differences in the reasons for poor students from the monetary policy transmission environment , the behavior of commercial banks and enterprises and resident behavior analysis . Finally, combined with the actual situation , put forward improve the conduction of monetary policy environment , strengthen the guidance of the behavior of commercial banks and other financial institutions , to regulate the behavior of businesses and residents suggestions . Insist on the unity of the monetary policy under the premise committed to improving the effectiveness of monetary policy in China , to narrow the gap between the economic and financial development of the various regions of China , and promote the coordinated development of regional economy .
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CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
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