存款异质性与货币政策传导
货币政策三大传导机制
摘要：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。
关键词：货币政策；存款；异质性；传导
Abstract
：Deposit heterogeneity depends on the level of city
，and the up level cities have higher proportion of enterprise deposit and current deposit
，and liquidity. The empirically study shows that
，despite quantity policy or price policy
，bigger cities are m
ore sensitive to policy changes. So
，moary policy transmission in China has level effe ...