中国利率市场化及其经济影响研究

发布时间：2018-05-17 04:22

本文选题：利率市场化 + 银行　；参考：《辽宁大学》2014年硕士论文

【摘要】：伴随着中国经济体制改革与金融体制改革的逐步深化，相关部门也加快了利率市场化方面的改革。利率市场化改革的宗旨是增强金融市场合理分配资金的效率，促进经济合理平稳地增长，以此来提高人民的生活水平。但资金价格也就是利率价格总体上大不如商品与劳务的价格具备竞争性，所以资金的运用率还有待提高。经济运转的实物体系与货币体系二者是相得益彰的。在实际生活中，许多实物商品与劳务价格已实现了市场化，这就在客观上需要货币价格也就是利率的市场化。利率市场化条件改革必然会遇到一些阻碍因素，如货币政策没有实现真正的市场化，商业银行资产负债表的可靠性有所欠缺，企业竞争环境不公平，金融监管体系的不完善和政府的调控能力不强。同时指出了利率市场化改革的难点主要取决于以下四个因素：货币当局政策的市场化、金融产品是否充足、交易行为是否自主及是否存在适合的金融市场。在此基础上，归纳了美国、韩国及阿根廷三个代表国家利率市场化改革的经验。然后，分析了利率市场化改革对经济的影响。其中，研究了利率与物价水平、利率与金融深化的关系及利率市场化改革对银行业与企业的影响。本文正是从这个实际出发，得出研究结论：利率市场化改革是一场关系到金融系统内部各种经济要素的改革。它为渐进式的改革，中国应使其由政府主导转变为市场需求主导；金融政策方面还有完善的空间；同时，概述了利率市场化改革中遇到的难点与问题。最后，文章提出了一些政策建议：消除正规的金融机构与非正规的金融机构这种长期并存的二元金融结构，并指出了基本途径；增加Shibor的影响力与权威性；同时，大力地促进货币市场的发展，使其深度与广度拓宽，积极培育市场的交易主体；推进金融产品与金融监管制度不断地创新，包括金融监管制度、金融监管模式、金融监管理念的创新；同时，为了确保存款人不受金融系统不稳定的影响，应适时地建立显性存款保险制度。只有真正建立和完善了货币市场、完善了存款保险制度的显性建设，才能进一步推进我国的利率市场化改革。
[Abstract]:With the gradual deepening of China's economic and financial system reform, the relevant departments have also accelerated the reform of interest rate marketization. The aim of the interest rate marketization reform is to enhance the efficiency of rational allocation of funds in the financial market and to promote the rational and steady growth of the economy in order to improve the living standards of the people. But the price of capital, that is, the price of interest rate, is not as competitive as the price of goods and services, so the utilization rate of funds needs to be improved. The physical system of economic operation and the monetary system complement each other. In real life, many real goods and services prices have realized marketization, which objectively requires the marketization of monetary price, that is, interest rate. The reform of interest rate marketization conditions will inevitably meet some obstacles, such as the failure of monetary policy to realize the real marketization, the lack of reliability of the balance sheet of commercial banks, and the unfair competitive environment of enterprises. The financial supervision system is not perfect and the government's control ability is not strong. At the same time, it points out that the difficulties of interest rate marketization mainly depend on the following four factors: the marketization of monetary authority policy, the adequacy of financial products, the autonomy of transaction behavior and the existence of suitable financial market. On this basis, the experience of interest rate marketization reform in the three represents countries of the United States, South Korea and Argentina is summarized. Then, analyzed the interest rate marketization reform to the economic influence. Among them, the relationship between interest rate and price level, the relationship between interest rate and financial deepening, and the influence of interest rate marketization on banking and enterprise are studied. From this point of view, this paper draws the conclusion that the reform of interest rate marketization is a reform related to various economic elements in the financial system. For the gradual reform, China should change it from government-led to market-demand-oriented; there is room for improvement in financial policy; at the same time, the difficulties and problems encountered in the reform of market-oriented interest rate are summarized. Finally, the paper puts forward some policy suggestions: to eliminate the long-existing dual financial structure of formal and informal financial institutions, and to point out the basic ways; to increase the influence and authority of Shibor; at the same time, Vigorously promote the development of the money market, widen its depth and breadth, actively cultivate the trading body of the market, promote the continuous innovation of the financial products and financial supervision system, including the financial supervision system, the financial supervision model, At the same time, in order to ensure that depositors are not affected by the instability of the financial system, the explicit deposit insurance system should be established in good time. Only by establishing and perfecting the money market and the explicit construction of deposit insurance system can we further promote the reform of interest rate marketization in China.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F822.0

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