论我国货币政策传导中的利率机制  

Some Thoughts about the Interest Rate Mechanism in Our Monetary Policy Transmission

作　　者：徐厦楠 

机构地区：[1]河南工程咨询公司,河南郑州450002

出　　处：《金融理论与实践》2004年第8期9-11,共3页Financial Theory and Practice

摘　　要：货币政策的有效性在一定程度上取决于传导机制是否畅通,而利率机制是货币政策传导机制中最重要的传导机制;对利率的行政管制严重制约着中央银行宏观调控的有效性,破坏了利率机制内在的平衡机制,导致利率结构失衡,无法形成合理的利率体系;解决这些问题的关键是改革利率行政管制,推进利率市场化。The effectiveness of monetary policy relies largely on whether the transmission mechanism operates smoothly. And the interest rate mechanism is always considered as the most important transmission mechanism in monetary policy transmission. At present, the administrative control over interest rate has brought about a severe constraint on the effectiveness of the central bank's macro-economic regulation and control, disrupts the internal balance of interest rate mechanism, and results in the unbalance of interest rate structure. Thus, there is little possibility of establishing a rational interest rate system. The author holds that the key solution to this problem is to initiate needed reforms in interest rate administration and to deregulate interest rates to leave them to market forces.

关 键 词：货币政策传导机制 利率机制 利率市场化 

分 类 号：F832.0[经济管理—金融学]