中小金融机构利率定价能力评估体系构建及运用研究

发布时间：2018-07-13 17:23

【摘要】：利率市场化的推进，客观上要求同步推进金融机构利率定价机制建设，以实现自主定价、市场形成、调控灵活、传导通畅的市场利率机制，以及理性、有序、充分竞争的市场利率体系。我国利率市场化改革以1996年放开银行间同业拆借市场利率为逻辑起点，逐步放开了债券市场利率、外币贷款利率和大额存款利率，逐步扩大贷款利率浮动范围、简化利率档次，实现了“存款利率管上限、贷款利率管下限”的阶段性改革目标。当前，中国利率市场化改革已进入攻坚阶段，作为市场微观主体的各金融机构，其利率定价能力的高低成为影响下阶段利率市场化改革取得突破性进展的关键性因素。根据金融机构利率定价能力的差异给予差别化的自主定价权限是下阶段利率市场化的重要可行性路径。在利率市场化改革进一步深化背景下，如何科学、客观、全面地评估金融机构利率定价能力，是当前金融管理部门亟待破解的新课题，目前国内评估、界定金融机构利率定价能力的研究基本处于空白，探索构建金融机构特别是中小法人金融机构利率定价能力评估体系并通过评估推动金融机构定价能力的提升具有重要的现实指导意义。本论文选取中小金融机构为评估对象，从当前中小金融机构利率定价机制建设实际出发，结合我国进一步推进利率市场化改革的要求，综合考虑被评机构利率定价机制建设、利率实际执行、影响利率定价能力的基础条件等多方因素，探索建立了中小金融机构利率定价能力评估指标体系，并采用专家打分和层次分析方法确定评估指标权重。运用构建的评估体系对湖南省辖内24家样本法人金融机构开展评估并对评估结果进行统计聚类分析，进而提出相关建议，以推动中小金融机构加强利率定价机制建设，提升利率定价能力，并以期为深入推进我国利率市场化改革提供有益参考。从湖南省抽样的法人金融机构利率定价能力试评估结果分析，本文所构建的利率定价评估体系架构较为合理，指标选取基本得当，评估结果与市场分析大体吻合。但客观来看，本文构建的中小金融机构利率定价能力评估体系在指标设置、实际操作等方面均存在一定欠缺有待完善，还需在日后的实践中对本文评估体系作进一步的探索和完善，，以期创建符合我国实际、具有现实指导意义的中小金融机构利率定价能力评估体系。
[Abstract]:The promotion of interest rate marketization objectively requires the simultaneous promotion of the interest rate pricing mechanism of financial institutions in order to realize independent pricing, market formation, flexible control and smooth transmission of market interest rate mechanism, as well as rational and orderly market interest rate mechanism. A fully competitive market interest rate system. China's interest rate marketization reform took the 1996 market interest rate as the logical starting point, gradually liberalized the bond market interest rate, foreign currency loan interest rate and large deposit interest rate, gradually expanded the floating range of loan interest rate and simplified the interest rate grade. Realized the "deposit interest rate management upper limit, loan interest rate management lower limit" stage reform goal. At present, the reform of interest rate marketization in China has entered a critical stage. The interest rate pricing ability of various financial institutions, as the microcosmic main body of the market, has become the key factor influencing the breakthrough progress of the interest rate marketization reform in the next stage. According to the difference of interest rate pricing ability of financial institutions, giving differential independent pricing authority is an important feasible path for the next stage of interest rate marketization. Under the background of further deepening the reform of interest rate marketization, how to evaluate the interest rate pricing ability of financial institutions scientifically, objectively and comprehensively is a new topic to be solved by the current financial management departments. The research of defining the interest rate pricing ability of financial institutions is basically blank. It is of great practical significance to explore and construct the evaluation system of interest rate pricing ability of financial institutions, especially those of small and medium-sized legal persons, and to promote the improvement of pricing ability of financial institutions through evaluation. This paper selects the small and medium-sized financial institutions as the evaluation object, starting from the actual construction of interest rate pricing mechanism of the small and medium-sized financial institutions at present, considering the requirements of further promoting the interest rate marketization reform in our country, synthetically considering the construction of the interest rate pricing mechanism of the assessed institutions. This paper explores and establishes the evaluation index system of interest rate pricing ability of medium and small financial institutions, and adopts the method of expert scoring and analytic hierarchy process to determine the weight of the evaluation index, which is based on various factors, such as the actual implementation of interest rate and the basic conditions affecting the pricing ability of interest rate. The evaluation system is used to evaluate 24 sample corporate financial institutions in Hunan province, and statistical cluster analysis of the evaluation results is carried out, and relevant suggestions are put forward in order to promote the construction of interest rate pricing mechanism in small and medium-sized financial institutions. To improve the interest rate pricing ability, and to provide a useful reference for the further promotion of China's interest rate marketization reform. Based on the analysis of the results of the trial evaluation of interest rate pricing ability of the legal person financial institutions in Hunan province, the structure of the interest rate pricing evaluation system constructed in this paper is reasonable, and the index selection is basically appropriate, and the evaluation results are basically consistent with the market analysis. But objectively, the evaluation system of interest rate pricing ability of small and medium-sized financial institutions in this paper has some deficiencies to be improved in the aspects of index setting, actual operation and so on. It is also necessary to further explore and perfect the evaluation system in the future in order to establish an evaluation system of interest rate pricing ability of small and medium-sized financial institutions in accordance with the reality of our country.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.39

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