支付系统发展与超额准备金需求变动  

The Development of Chinese Payment System and The Fluctuation of Excess Reserve Demand

作　　者：方轶强[1] 

机构地区：[1]上海财经大学博士后流动站,上海200433

出　　处：《上海金融》2008年第8期34-37,共4页Shanghai Finance

摘　　要：本文介绍了我国支付系统的主要发展阶段、超额准备金需求变动的理论基础及支付系统发展对超额准备金需求的影响。研究发现,支付系统的发展降低了商业银行对超额准备金的需求,降低了商业银行超额准备金率的方差,提高了商业银行对超额准备金机会成本的敏感程度,更重要的是它可能影响央行法定存款准备金制度的效果。The paper introduces major developing steps of Chinese payment system, the theories concerning fluctuation of excess reserve demand, and the effect of payment system development on excess reserve demand. The result shows that payment system development reduces excess reserve demand and its fluctuation. And such development makes commercial bank more sensitive to the opportunity cost of holding excess reserve. More importantly, the paper finds out that payment system development may influence the execution effect of required reserve ratio policy.

关 键 词：支付系统 超额准备金 需求下降 

分 类 号：F830[经济管理—金融学]