摘要
我国货币政策对生产活动的影响主要通过银行贷款渠道。1997年央行从松货币政策的措施实施以来,全国与西北贷款规模相对差异的拉大、投资规模相对差异的缩小及资本形成率差异增大。本文以银行贷款渠道为例对西北地区货币政策传导进行分析,得出货币政策效果差异的直接原因是特定的基础货币投放机制和西北地区过度的信贷萎缩,根本原因在于西北地区经济基础差,投资收益率低,商业银行机构撒并和信贷策略调整,民间投资不足等因素。
In China, bank credit makes up the most important channel through which monetary policy influences the economy. However, since 1997, the effect of expansionary monetary policy in the underdeveloped regions falls short of expectations. This paper mainly analysis bank credit channel to find out the causes of the problem. Starting with an analysis of the banking credit channel in the northwestern regions, this article explored into the problem and found out the direct causes to be the monetary base issuance mechanism and over contraction of credit in the region. Weak economic foundation of the area and low investment returns coupled with merging and withdrawal of banking agencies and inadequate private banking make the problem even worse. Some suggestions are put forward to bring the article to a close.
基金
陕西省哲学社会科学"十五"规划课题"西部与陕西金融创新与金融发展研究-兼论农村金融服务体系模式选择"的成果之一。
