Benefit Distribution Mechanism of Universal Deposit and Withdraw and Optimal Toll Rate
Once after the interbank universal deposit and withdraw (UDW) business, which aimed at increasing financial.efficiency and strengthening banking competition, was introduced by Chinas Central Bank, it encountered a cold response from the market, and then fell into a dilemma.Therefore, introduction of a benefit distribution mechanism which could promote commercial banks to implement UDW serf-consciously is urgently needed.Under this background, this paper introduces a benefit distribution mechanism called interchange fee.We find that this mechanism could strengthen UDW s competition among banks with different sizes and lower the price of this business.Moreover, the optimal interchange-fee based on this mechanism reflects the conception of coveting costs of correspondent bank but simultaneously not damaging interests of own bank, so it increases the social welfare g-ready.The conclusions of this paper will help to solve UDW s dilerrana in China, and it also provides reference for Cental Bank to set an appropriate interchange-fee.
universal deposit and withdraw surcharge interchange fee own-bank correspondent bank compatibility
Sun Wujun Dong Peng Li Ruihai Zhong Chen
Department of Finacial & Insurance, School of Business, Nanjing University China Lixin Risk Management Research Institute, Shanghai Lixin Collage of Commerce
国际会议
The 4th Conference on Chinas Economic Operation Risk Management(2010·Shanghai)(第四届中国立信风险管理论坛)
上海
英文
163-171
2010-10-14（万方平台首次上网日期，不代表论文的发表时间）