A Study of the Choice for RMB Interest Rate Regulation Mode Based on Benchmark in the Process of Chinas Interest Rate Marketnization
For the market-oriented reform of interest rate have carried out for many years but with no great achievement, Chinas government now urges to ascertain a Benchmark interest rate, and then establish a reasonable and practical mode of interest rate regulation. This paper gives an introduction of two popular modes of interest rate regulation. Based on these two modes, we analyze their mechanisms and their advantages & shortages associated with the environment of Chinas economy. Finally we conclude that the best choice of regulation mode is a transition from open-market operation to interest rate corridor gradually in the process of reform.
Benchmark interest rate Interest rate regulation Interest rate Marketnization Open-market operation Interest rate corridor
Zheng Changjun Ma Cheng Peng Dewen
College of Management, Huazhong University of Science and Technology, Wuhan, Hubei, P.R.China, 430074
国际会议
第六届管理学国际会议(Proceedings of ICM2007 the 6th International on Management)
武汉
英文
1615-1622
2007-08-03（万方平台首次上网日期，不代表论文的发表时间）