A Study On The Flow Of Capital From The Perspective Of The Regional Effect Of Monetary Policy

Monetary policy refers to the Central bank to influence economic activitymeasures，especially the control of money supply and interest rate policies,used toachieve specific objectives.Monetary policy often aggregates form,is concerned aboutthe country as a whole rather than a region.Cause people to pay more attention to theunity of monetary policy but neglect the monetary policy implementationdifferences,This difference stems from the unfied monetary policy effects on differentmicrocosmic main body,the main body make different reaction,The unified monetarypolicy effect in different industry,The different industries will make differentreaction,the unified monetary policy effect in different regions,the different regionswill make different reaction.From the perspective of region,unified monetary policyas a result of the area difference of our country will produce regional effect,Theregional capital flows as the causes of regional effects of monetary policy to study theregional effects of monetary policy significance.This article from the interest of regional difference,the enterprise structure ofregional difference,the industrial structure of regional difference,the opening degreeof regional difference,the monetary capital market of regional difference,in-depthanalysis of the regional effects of monetary policy and capital regional floerelationship.On this basis,based on the capital flow of the regional effect of monetarypolicy theory model.And using the method of measuring empirical analysis,confirmthe capital flow and regional real interest rates,money suooly,the regional GDP exist along-stable relationship and the output of area to the currency supply has differentreactions. So,this article suggestion raise Midwest region industry structure,innovation of monetary policy tools to regional operation, perfect the Midwestfinsncial markets and financial institutions system,accelerate the pace of theconstruction of regional professional policy banks so as to curb capital flowsituation,improve the overall effectiveness of monetary policy in China.