The Monetary Policy Transmission On The Basis Of Regional Economic And Financial Differences

The monetary policy transmission is on the basis of the development of economy and finance, the effective execution of the same monetary policy takes the regional economy and finance coordinated development as the premise. China is a great developing country, since the reform and open policy, although the overall economic strength has improved, but the regional economy development is not very balanced, has the level of development disparity obviously "three economical regions", namely the development area-eastern part, middle area an undeveloped area-west, the unbalance of regional economic development has become one of serious problems in Chinese economy development.Under the background of indirect monetary policy regulation, the monetary transmission effect is more and more relying on the micro financial system. Because of the asymmetric regional finance development, different regions will react differently to the same monetary policy. This asymmetric regional effects of monetary policy will check total effect of monetary policy.The contradiction between regional difference of financial development and the unification monetary policy requests that the formulation and implementation of the monetary policy must more consider to the identical monetary policy different response in the different area.This article explains that the same monetary policy of our country will produce the different regulative results inevitably by the way of the different economical finance development conduction on the basis of analizing out country finance development disparity and the monetary policy transmission process. The same monetary policy intensified the regional disparity of financial development, also intensified the development disparity between city and countryside. In order to improve the total result of monetary policy, the monetary policy should regulate the regional asymmetric economical development, and realize regional economic and financial coordination.