我国利率市场化的理性预期  

A Rational Anticipation to the Interest Rate Marketing of Our Country

作　　者：杨德勇[1] 斯琴塔娜[2] 

机构地区：[1]西安交通大学经济金融学院,陕西西安710061 [2]内蒙古财经学院金融系,内蒙古呼和浩特010051

出　　处：《财经研究》2001年第12期18-22,共5页Journal of Finance and Economics

摘　　要：充分竞争是竞争性价格形成的基础。在我国 ,由于国有商业银行对风险评价的变异、垄断地位的存在和对集团利益的追求 ,利率市场化很可能使利率全面上扬 ;国有企业的固有行为特征使资金需求无利率弹性 ,在这种基础上的利率市场化会给国民经济造成极大的负面影响 ,结论是微观经济主体的市场化应先于利率市场化 ,至少应与利率市场化同步。Sufficient competition is an formative foundation of competitive prices. In our country, because of the state-owned commercial banks'variation about risk evaluation, their monoply position and their pursuing for group interest, the interest rate marketing probably lead to the whole rise of the interest rate; The demand for founds is lack of elasticity because of the inherent behavior of the state-owned enterprises. The interest rate marketing which is based on that will bring great negative effect to domestic economy, so the conclusion is the marketing of the micro*Mmain body should take priority of the interest rate marketing, or at least keep its pace with the latter.

关 键 词：利率市场化 理性预期 充分竞争 国有商业银行 集团利益 利率弹性 

分 类 号：F832.1[经济管理—金融学]