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《ECONOMIC THEORY AND BUSINESS MANAGEMENT》 2000-01
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OUR MONETARY POLICY PROPAGATION MECHANISM:SYSTEM CONSTRAINT AND ITS REBUILDING

Zhang WenKai(School of Finance,Shanghai University of Finance and Economics,Shanghai 200083,P.R.C.)  
By generally analyzing the propagation mechanism of our monetary policy,this paper shows that financial system accommodating to original planned economy is the main source to low efficiency of monetary policy when the real economy has made great structural changes.While our monetary policy changing from direct control to indirect control,monetary policy efficiency can be assured only if all the compositions of organization propagation be reformed.
【CateGory Index】: F822.0
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