China's Capital Market Development And Monetary Policy Choices

Since reform and opening-up, the development of capital market has played an important role for real economy and the conduction of monetary policy. This has caused China finance to change deeply. That is to say that the structures of financial institution, financial instrument, financial market, etc. are more and more abundant and diversified. Accordingly, with the development of capital market, the connection between capital market and monetary policy is strengthened day by day. The financial environment of the monetary policy has also changed greatly. In this case, traditional monetary policy can not suit and solve various kinds of problems that the development of capital market would put forward. Therefore the effect of monetary policy is degressive.Because the development of capital market has authentically affected the behavior of various kinds of economic body, consequently affected indexes of financial variable and macro economy, it has put forward the new subject for research to the framework of current monetary policy. The study on this respect of home and abroad theorists is still at the primary stage. A lot of difficult problems need further discussion. So I choose " the Development of China Capital Market and the Choice of Monetary Policy " as my academic dissertation.The prospective target of the thesis is: it can analyze...