Research On Effectiveness Of Chinese Monetary Policy

With carrying out of the reforming and opening-up policy, relationgship betweenmerchandise and currency expanded quickly, and the merchandise and currency became moreand more closer with the market. Finance occupied more and more important position in theeconomy. With the making of the final target of our system reforming, which has been certainedclearly as to establish a socialism and economic market system. Monetary policy also has beenclearly included in the macroscopic and economic control system, and become the importantmeans of the macroscopic control. After joining WTO, we have broken the old environmentaround economy and finance, which is close oppositely. And this leads to the unavoidableinfluence by the international large environment. These are sure to have an unanticipated impacton the effect of our monetary currency policy, and be sure to bring difficulties to our central bankto carry to out the Monetary Policy.We should make the policy more studiable and scientifical when we study the history anddevelopment of it. The contents of the research point out a few aspects as below: The relativetheories and application of the Monetary Policy; The analysis of the practice and usefulness ofour country's Monetary Policy; Our country's current Monetary Policy and future alignment.Studying the evolvement analysis of China Monetary Policy, we are sure that it isadvantageous for the currency-control department to choose and adjust the target of currencypolicy in time, use the transmittable action of the policy, together with the instrument of itavailably, to keep the stabilization of the currency, and to promote the economy.