Dissertation > Economic > Fiscal, monetary > Currency > China's currency > Principle of policy and its elaborate

Research on China's currency policy - credit conduction channels of monetary policy

Author LiuZuo
Tutor ZhuWeiQi
School Capital University of Economics
Course Political Economics
Keywords Monetary policy Credit Transmission Channel Bank lending channel Balance sheet channel
CLC F822.0
Type Master's thesis
Year 2004
Downloads 610
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In this paper, the study of China's currency policy as a starting point , seize one of the credit conduction channels of the main line of exposition . Summarizes and comments on the transmission channels of monetary policy, credit theory , the use of empirical analysis , comparative analysis of normative analysis method , monetary policy, credit conduction of the main channel , the weakening of the status quo and causes of the credit transmission mechanism to expand the depth parsing and argument . Which the credit channels of monetary policy transmission has always played the role of the main channel , from the course of the evolution of the monetary policy transmission mechanism , the prerequisite of the role of other monetary policy transmission channels of reality as well as the credit transmission mechanism in our basically meet the three aspects discussed in detail . Starting from the analysis of the current reality of the effectiveness of monetary policy in China , leads to the weakening of the credit transmission mechanism is the main reason for this result . As the reasons for the weakening of the paper focuses on the transmission mechanism of monetary policy, credit , along the Central Bank → financial markets financial institutions → microeconomic main context , and one by one analysis, concluded that : the weakening of the credit transmission mechanism is not alone in which level there is a problem , but rather exist to varying degrees in the four levels are the factors that hinder the smooth conduction of credit channels of monetary policy . As a conclusion , the final chapter to dredge the credit of China 's monetary policy transmission channels 7:00 policy proposals , to provide some useful help for monetary policy in the future play a better role .

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