CAJ | 학술논문

不同层次城市的存款差异较大。城市越大，企业存款、活期存款占比越高，流动性也越强。实证分析表明，无论是数量调控、还是价格调控，对小城市的影响程度都弱于大中城市，这说明我国货币政策传导存在着从中央到地方的层级效应。
불동층차성시적존관차이교대。성시월대，기업존관、활기존관점비월고，류동성야월강。실증분석표명，무론시수량조공、환시개격조공，대소성시적영향정도도약우대중성시，저설명아국화폐정책전도존재착종중앙도지방적층급효응。
Deposit heterogeneity depends on the level of city, and the up level cities have higher proportion ot enterprise deposit and current deposit, and liquidity. The empirically study shows that, despite quantity policy or price policy, bigger cities are more sensitive to policy changes. So, monetary policy transmission in China has level effect problems, despite quantity or price control.