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The Analysis On Microbase Of Monetary Policy In China Transmission Mechanism

Posted on:2006-03-08Degree:MasterType:Thesis
Country:ChinaCandidate:C ZhangFull Text:PDF
GTID:2166360155461915Subject:Finance
Abstract/Summary:PDF Full Text Request
The center issue of this paper is the micro-economics foundation how to influence the monetary policy transmit, centre on this theme , this paper study it from following aspects: monetary policy transmit theory, current result of the monetary policy transmit, the summarize of our country's academic circles about the questions lies in the monetary policy transmit, the analysis of the micro-economics foundation in the monetary policy transmit, finally this paper put forward on the policy recommendations on how to perfect the micro-economics foundation of the monetary policy transmit. This paper is divided into seven chapters: Chapter one is introduction, it introduce the selected title background and meaning of the article, study the documents of the theme, research approach and frame structure. Chapter two is western monetary policy transmit theory , this paper introduce the courses of monetary policy transmit according to transmit respectively, they are interest rate channel, assets price channel, credit channel and the stock market channel, its purpose is to establish the theoretical foundation for the following analysis. Chapter three is the monetary policy transmit result in China, it mainly introduce the monetary policy practice in China since 1998, it may be divided into tow parts: major policies and measures and the transmit result of monetary policy since 1998. Chapter four is the monetary policy transmit restrictions from financial institutions, this chapter analyses the financial institutions' credit behavior how to restrict monetary policy transmit. According to the characteristic of the system of financial institutions in China, this article divide financial institution into four state-run commercial banks and other commercial financial institutions, then anslyse its credit behavior characteristic respectively and analyse the restrictions of the monetary policy of Chinese financial institutions again. Chapter five is the restrictions of the monetary policy transmit from financial market, this paper defines financial market to be every economic subjects' transaction environment, for this reason, the trade environment is divided into money market, capital market, interest rate system and exchange rate system and analyse it respectively, then study the imperfect financial market how to restrict the monetary policy transmit. Chapter six is the restrictions of the monetary policy transmit from enterprises and resident's behavior. This chapter divides into three parts: First part Introduce the state-owned and meddle-and-small enterprises' investment and financing behavior characteristics; Second part analyse residents' consume behavior...
Keywords/Search Tags:Monetary policy, Transmit mechanism, Micro-economics foundation Commercial bank, Financial market
PDF Full Text Request
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