利率市场化背景下我国货币政策传导机制研究-金融专业论文.docxVIP

首都经济贸易大学硕士学位论文 首都经济贸易大学硕士学位论文 利率市场化背景下我国货币政策传导机制研究 Abstract Interest rate liberalization reform in China began in the mid 90’S last century,and now has entered the final stage．With the continuous advance，the interest rate liberalization reform emphasizes the monetary policy needs to have smooth and effect ive monetary policy transmission mechanism，to have the necessary influence real economy． Therefore，the study the effect of monetary policy transmission mechanism in China in the process of interest rate liberalization reform has both theoretical and practical significance．In theory,the study is helpful to realize theoretical defects in the related research in China．In the aspect of practical significance，it is also helpful to provide reference to monetary policy transmission channels in China for the monetary authorities． In this paper,the author hopes to solve the following key problems：1．At this stage， which Channels does the monetary policy transmit through．2．How is the effect of monetary policy transmission mechanism．3．What the problems in the process of conducting monetary policy,and What’S the solution． This paper the combination of qualitative research and quantitative research．In quantitative research，this study builds some VEC systems，based Unit Root Test and Co integration Test．Through the empirical research methods，such Granger Causality Test， hnpulse Response Analysis and Variance Decomposition Analysis，the author studies the effect ofmonetary policy transmission mechanism． Finally,this paper summarizes the main conclusions：At this stage，interest rate transmission channel of monetary policy transmission mechanism in China has the most significant conduction effect．With the advancement of interest rate liberalization reform， the conduction effect，reaction speed and intensity of interest rate transmission mechanism have been strengthened．In addition，this paper puts forward some policy suggest