The Impact Of Credit Term Structure On The Economic Effects Of Different Regions In China

All along,the effectiveness of monetary policy have been the concern of all sectors of society.For the time being,China's financial system is still mainly indirect financing,the main monetary policy transmission channel or credit transmission channels.In the credit transmission channel,bank credit plays a vital role,bank credit can be divided into short-term credit and long-term credit.In order to study the effect of different term structure credit on the economic effects of different regions,this paper uses the 2005-2015 year quarterly data to analyze the impact of different term structure credit on the economic effects of each region.It is concluded that,on a national scale,both short-term and long-term loans have a positive effect on the economy,but long-term loans have a stronger stimulus to the economy.Increase short-term loans will bring inflationary pressures,increase long-term loans,short-term there will be inflationary pressures,but in the long run,the inflation has a certain inhibitory effect;specific to each region,increase short-term loans only in the eastern region will promote economic growth,There is no significant correlation between short-term loans and output levels in the central and western regions.Increasing long-term loans can promote economic growth in the eastern,central and western regions.Long-term loans to the central region to promote the role of the strongest,followed by the central,western weakest.Short-term loans in the western region to promote the role of the strongest price,followed by the eastern region,the weakest in the central region.On the impact of long-term loans on inflation,the central region of the strongest impact,followed by the eastern region,the weakest in the western region.At the end of the paper,according to the results of the previous analysis,the author puts forward some suggestions on how to influence the influence of credit structure in different regions,and puts forward the corresponding policy suggestions from the macro financial environment,commercial banks and microcosmic subjects.