Abstract Funds outstanding for foreign exchange has been the main channel for the People's Bank of China to put base monetary on the market. However, due to the imbalance of economic development and opening in different regions, base money has been put into regions unevenly. The developed region has higher ability to get base monetary and higher money multiplier than the underdeveloped region which cause asymmetric regional effects of the unified monetary policy in China. Theoretical and empirical analysis show that changes in the base money supply have the most powerful effect on monetary supply in the east developed region, next is the effect on monetary supply in the middle region ,and the least in the west region. To balance the regional money supply and promote the efficiency of monetary policy, regional difference should be taken into consideration when monetary policy is designed and implemented.
HE Li-Na. An Analysis on the Asymmetric Regional Effects of Internal Transmission of Unified Monetary Policy in China. Economic Survey, 2012, 1(3): 031.
2012, Vol. 1 
