Abstract
The process of monetary policy transmission can be understood as a “macro policy stimulus-microeconomic response-macro output” process, that is, from the process of macro monetary policy control affecting macro output, micro Economies (businesses, households, individuals, etc.) have played a decisive role in responding to monetary policy changes. As early as 1963, scholar Tobin pointed out that corporate asset allocation is a direct reflection of corporate behavior, so it is also of great significance to explore the role of corporate financial asset allocation in the impact of monetary policy on corporate performance. This article reviews the impact of monetary policy on corporate investment and financing behavior, and reviews past research to show the impact of monetary policy on corporate financial behavior.
Highlights
Macroeconomic policies are policies that affect the entire economy formulated by the government of a country in order to regulate the development of the national economy
Most scholars analyze the impact of commercial credit on corporate investment efficiency from the perspectives of financing constraints and debt governance; the relationship between commercial credit and monetary policy is mainly reflected in the substitution relationship between commercial credit and bank credit, and the impact of commercial credit channels on The weakening effect of the transmission effect of monetary policy; monetary policy and commercial credit will comprehensively affect the investment efficiency of enterprises
Economic theory points out that the impact of monetary policy on the economic system is mainly through monetary channels and credit channels. The former is mainly reflected in interest rates, while the latter is mainly reflected in bank credits
Summary
Macroeconomic policies are policies that affect the entire economy formulated by the government of a country in order to regulate the development of the national economy. Monetary policy has always been an important means of government intervention in the economy. The implementation of monetary policy operating tools affects enterprises through various transmission mechanisms. This paper reviews the literature from three perspectives: the transmission mechanism of monetary policy, the differences and effects of monetary policy, and the effects of monetary policy on corporate investment and financing. This article intends to analyze the transmission mechanism of monetary policy and the impact of monetary policy on investment and financing of micro-enterprises through a review of previous research
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
