A Study On The Difference Effect Of Monetary Policy In Northwest

Smooth transmission mechanism of monetary policy is directly related to the effectiveness of monetary policy and the national macro-control goals. Since the western development strategy has been promoted from 2000, we have made remarkable achievements on economic and construction in Northwestern provinces. However, a phenomenon we can not be ignored is that the development gap between the five northwestern provinces and the eastern and central regions is further widened, while the economic development in the five northwestern provinces is also gradually increased. Un-even economic development among the provinces should be solved immediately. The bank credit channel, as the main financing channel, is very crucial for promoting economic development in northwestern provinces which is relatively backward in financial market development. So, to research the differences and causes about the construction effect of monetary policy credit channel to eliminate or reduce the differences will be significative for promoting the balanced and coordinated development of economic in northwestern region.Thesis is divided into five parts:The first part describes the background and significance of this research, and the results in domestic and foreign research, and ideas and methods of itself.PartⅡ, outlines the relative theories of effectiveness of the monetary policy transmission, as the theoretical basis for later study. The third section reviews the implementation of monetary policy after the controls in commercial bank lending being abolished by the People's Bank of China since 1998.The fourth part, it selects some relevant variables indicators to establish VAR models and impulse response function, empirically tested the differences in the Credit Channel effectiveness in Northwest China Part V is closely linking to the empirical test results, and taking the credit channel transmission process, by from the transmission environment, transfer agency and three aspects of the microstructure subject, it explore the reasons about the differences in credit channel transfer effectiveness in the five northwestern provinces...