The Analysis Of The Role Of Commercial Bank In Monetary Policy Transmission Mechanism

Effects of monetary policy rely on its transmission. Monetary policy transmission mechanism has thus been one of the hot research topics on monetary policy. This thesis mainly focuses on the role of commercial bank in monetary policy transmission mechanism. to analyze and depict the channels and effects of China's monetary policy in terms of commercial banks. At present, China ,as a developing country ,is basically under the financial condition of incomplete financial markets, the dominant role of bank loans as a source of enterprise financing and strict financial regulations. So bank lending channel is still a very important channel of monetary policy transmission.The basic logic is that, in terms of channels , monetary policy transmission mechanism can be classified into money channel and credit channel. With the economic growth and depending of reform and opening to the outside world, the fundamental roll of market in resources allocation has been promoted unceasingly. Money market and capital market expand to some extent, ratio of direct financing in total goes up gradually, in such circumstance, dose the money channel of monetary policy transmission mechanism began to emerge, What kind of connect is between money channel and traditional credit channel, through theoretic and empirical analysis, the clear answer would be made. Furthermore , from the aspects of'the non-performing loans of commercial bank','market structure of oligopoly of commercial bank','monotonous property structure of commercial bank', and so forth, much more lights would be shed on the impact of monetary policy transmission. Which imposed by change of behavior of commercial banks, and...