The Regional Effects Of Monetary Policy In China

Monetary policy generally refers to each kind of policy from a country's Central Bank to realize a specific economy target, in view of the amount currency supply and credit, the regulative object of monetary policy are mainly the amount currency supply and credit. In simple description, monetary policy implementation should have a uniform effect through the whole nation. In fact, the practice of monetary policy is actually facing a conduction process constituted of multitudinous links and factors, people often carry on research focused in a macroscopic stratification plane, thus neglected the questions of dissymmetrical financial and economy, these question of dissymmetrical financial and economy can finally cause the asymmetry effect of monetary policy during the conduction process, thus has restricted the goal of the unification monetary policy to realized.The region effect of monetary policy mainly belongs to the scope of the Theory of Optimum Currency Areas, the founder Robert Mundell (1961) had not defined the scope in its paper, and he pointed out that Theory of Optimum Currency Areas may be smaller than a country scope, also may be bigger than a country national boundary. But economists often craved in the latter kind of situation, their more attention is at the cost and the income to join a monetary area, quite few to the front kind of situation. to discuss smaller than a country scope regarding the Theory of Optimum Currency Areas, the groundbreaking research belongs to the North America economist, along with the development of European economy and currency alliance, economists inspect whether European Union conforms to the conditions of Theory of Optimum Currency Areas, as well as the way and the pattern arrangement finally how to realize the currency alliance.Although the current research limited to Europe and US, but with the reform and open policy step by step, China also has diverse provincial characteristics through the whole nation, more and more complex regional questions appear in ours front. To alleviate the regional economy's conflict, and even to establish harmonious economy system, How to formulate and carry out the superior monetary policy is also especially significant. This article's purport is to analyze the region effect of China monetary policy, to discuss the asymmetrical mechanism of the monetary policy...