nyenaceyg
Dołączył: 13 Gru 2010
Posty: 522
Przeczytał: 0 tematów
Ostrzeżeń: 0/5
Skąd: England
|
 Wysłany: Śro 11:01, 19 Sty 2011 Temat postu: Regional Financial Review and Prospects _266 |
 |
|
Regional Financial Review and Prospects
That the internal operation of regional financial mechanisms, evolution of regional financial growth, regional differences affect the financial mechanism of the regional economic development and ways to measure the degree of regional financial development should be the future direction of regional financial research efforts and the core issues; in the empirical study, since the background of the special transition in the empirical analysis so that we can use the sample interval is often shorter, and the panel data model can overcome many defects in the future regional financial research should be more widely used. Mechanism for regional financial development and the convergence between financial development of China's changes in the regional Joseph Lee, Kun Xu, Du, transaction efficiency, the efficiency of financial transactions and geographical factors inherent in starting to study the mechanism of the regional convergence of financial development, financial development that regional differences do not fully converge, the difference can only converge to the level of efficiency,[link widoczny dla zalogowanych], and its path close to the proposed changes in the type. Over time, regional differences in financial development can be divided into four phases: the first phase of direct policy intervention, the regional differences in financial development in general is relatively low,[link widoczny dla zalogowanych], even a narrowing trend; the second phase of market-based divergence, gradual widening of regional financial differences; the third stage of the market trend over the same period, the difference gradually reduced; efficiency between the stability of the fourth stage, regional differences in financial development between the ultimate convergence of the level of efficiency. In the next period of time,[link widoczny dla zalogowanych], China's regional financial development is likely to remain in the state of divergence, if not the policy adjustment and control, in the short term China's regional financial development will not go convergence. Therefore, first, to give full attention to the division of labor for financial functions, reduce regional differences in financial functions; Second, build a dynamic mechanism for the coordinated development of regional financial and narrow the differences in financial development conditions; third, to promote comprehensive reform of investment system of education, efforts to narrowing regional differences in education levels; Fourth, an appropriate increase in the level of backward areas of social welfare, improve the regional innovation incentives; Finally, the optimization of the regional market trading environment, reduce the conditions of commodity and financial transactions of regional differences. Monetary Policy Transmission in the regional effects of the credit river groups, Zeng Hua in the Credit transmission effect of monetary policy there is a significant regional effect, the impact of credit from the output of the sensitivity of view, the economic development of coastal areas by the Credit Channel of Monetary Policy of the larger,[link widoczny dla zalogowanych], economically less developed inland areas more affected by the credit channel small. Further analysis showed that enterprise structure (including ownership, firm size) and banking structure of the credit transfer leading to the regional effects of monetary policy the main factor. Transmission effect of monetary policy or the credit channel of credit to SMEs through the strength of industrial output accounted for the proportion of industrial output within the region correlated with the output value of state-owned industrial enterprises accounted for the proportion of industrial output within the region negatively correlated with the state-owned banks finance loans accounted for in the region Institutions negative correlation between the proportion of total loans. Therefore, improving the effectiveness of monetary and credit policy, promote the coordinated development of regional economy, monetary policy was necessary to reduce the regional effects of the credit transfer. Mainly include two aspects: first, to develop small and medium financial institutions, especially the development of localized management to regional small and medium financial institutions, to encourage state-owned banks to provide loans to small and medium quality, effective relief from the credit supply level the problem of financing small and medium enterprises; Secondly, a fully reflect the characteristics of the monetary policy of regional economic system, bring the credit policy of structural adjustment. Regional effects of monetary policy on economic gap between China's Regional Analysis of effect of Li Rulan, Zhang Jing in policies and the expansion of between 1998-2004 to start the regional effects of monetary policy difference test, empirical results show that China's currency policy is not only significant differences in regional impact, but also in the period of contraction and expansion of the regional effects of differences there are obviously different: the eastern regional economic by the impact of tightening monetary policy in the magnitude and speed of response is weaker relative to the central and western regions,[link widoczny dla zalogowanych], but by the impact of expansionary monetary policy on the strength and transmission speed is very obvious. This shows that in China, tightening monetary policy and expansionary monetary policy asymmetric effect and the difference is often intertwined with regional implications, not only cause a further weakening of the effectiveness of monetary policy will increase the imbalance in regional economic development. The contraction and expansion of the regional effects of monetary policy primarily by differences in the level of development and structure of regional banks, the difference -75--
Post został pochwalony 0 razy
|
|
