China's Monetary Policy Transmission Mechanism

Transmission mechanism of monetary policy is monetary policy affects the real impact of the implementation of the real economy and the impact of changes in the channel. Economists on monetary policy transmission mechanism theory can be broadly classified into two categories, namely, money channel and credit channel of transmission mechanism, this paper, scholars from home and abroad based on the credit transmission mechanism, with the credit conduction mechanism for this paper's theme, using normative analysis and empirical Analysis of the combination of methods, from the central bank, commercial banks and enterprises to analyze three aspects of the credit transmission mechanism of monetary policy effectiveness and problems, Finally, to further improve our practice on the transmission mechanism of monetary policy credit policy recommendations accordingly .Based on these ideas, this article is divided into five parts.The first part is an introduction, the main topics introduced the background and significance, as well as literature reviews and essays on the structure and arrangement.The second part details the monetary policy transmission mechanism theory, including a balance sheet channel and the bank lending channel, the text of the post-lay a theoretical basis.The third part of the credit transmission mechanism of monetary policy and the status of the possibility that monetary policy is still my main credit transfer.The fourth part is by the central bank, commercial banks, corporations on three aspects of China's monetary policy is not clear analysis of the causes.The fifth part is mainly based on the above analysis, the credit transmission mechanism of monetary policy measures proposed by the optimization.