A Study Of The Application Of Distinct Monetary Policy In YanTai

Monetary policy is an important policy of macroscopic readjustment and control. China has a vast extent of land and a large span of open space, and naturally forms different regions with unique features in geography. Accordingly, it also makes a great difference between economic structure and development degree. The financial reform in China is staying at a critical period. The indirect control mechanism of monetary policy has already founded, and is reaching perfection gradually. Currently, the execution effect of the cohesive monetary policy in different regions presents obvious diversities, taking on the non-coherence between the target of monetary policy and the actual execution effect. How to perfect the monetary policy theory further in China, how to improve the execution effect of monetary policy, are the problems that need pay more attention to in Chinese current monetary policy research.This text starts from the point of the basic theory of monetary policy, compares with the monetary policy application of dominating western developed countries, reviews the development course that Chinese monetary policy change from direct control to indirect and achieve perfection gradually, concretely analyze the influence that the cohesive monetary policy affect on the economical and financial development in YanTai from adaptability research of the cohesive monetary policy and the difference of regional economic development with demonstration analysis, comparative analysis and linear regression theory, finds that there is a certain distance in economic and financial development among YanTai city Shandong province and the country, private sector of the economy takes a dominating place, responds to the national policies slowly, takes on a strong development tendency with deflation policy, finance has a strong sensibility towards monetary policy; finance is very sensitive to monetary policy, the credit of privateundtaking will be effected in monetary squeeze period. That is to say, the cohesive monetary policy didn't play the role in YanTai which it should, on the contrary, it separates finance from economic, limits the financial exertion while finance is supporting the economic development, is against to the steady development of finance, also to the coordinate development between economic and finance.Therefore, the concept of distinct monetary policy is brought forward creatively, which is to say that local branch organizations of central bank are allowed to makelocal specific monetary policy goals, adjust the local monetary supply with some monetary policy tools to realize the economic development goals. So, this text analyses further the concept of distinct monetary policy, ultimate objectives, media objectives, and operation tools, mainly studies the selection and specific application of distinct monetary policy, the monitoring and risk-preventing mechanism of distinct monetary policy and its relationship towards other economic and financial policy, demonstrates the feasibility and necessaribility of carrying out the distinct monetary policy, concludes that, effective implement of distinct monetary policy will be good to the steady development of economic and finance, will promote the credit devotion and economic gross, will help sustain strong economic growth.