Monetary Transmission Effect in County Economy:An Evidence in Hubei Province
The monetary policy cannot be effectively implemented in counties due to the following reasons: first, the incomplete financial market has blocked the monetary channel; second, the adoption of credit channel has been curbed by the single credit standard and deviant behaviors of county economic agents; next, informal finance has been the main provider for the counties, so that the central bank is hard to control the county credit scale. Therefore, it is imperative to integrate the informal finance into the central banks regulatory system, making it legalized, opened and standardized so as to achieve the goals of monetary policy in the county economy.
Li Qiong
School of Economics and Law Hubei University of Technology Hubei Wuhan, China
国际会议
International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)
武汉
英文
1-4
2011-08-12（万方平台首次上网日期，不代表论文的发表时间）