利率市场化之真实含义  

Real meaning of interest rate marketisation

作　　者：姬亚岚[1] 顾蕾[1] 

机构地区：[1]浙江林学院经济管理系,浙江临安311300

出　　处：《浙江林学院学报》2002年第1期76-80,共5页Journal of Zhejiang Forestry College

摘　　要：随着中国正式加入世贸组织 ,利率市场化改革已势在必行。之前 ,央行已制定出了利率市场化的大体框架并分步实施。当前流行于各类刊物的一些观点对利率市场化含义的理解尚不够准确。流行观点依据新老自由主义理论 ,强调市场“均衡利率”水平的重要性 ,忽略了利率结构问题。所谓的“均衡利率”实际上是不存在的 ,利率市场化改革的真实含义应当是 :由中央银行决定基准利率水平 ,由市场决定利率结构。在银行业引入竞争机制是必要的前提。参As China officially entered WTO,the reform of interest rate marketisation seems to be inevitable.Before the entry of WTO,Peoples Bank of China(central bank) had worked out a general framework of interest rate marketisation and carried it out by stage.Some currently widespread ideas about interest rate marketisation are inexact.Those prevalent ideas base on new and old liberalism,stress on the importance of equilibrium interest rate and neglect the importance of interest rate structure.But equilibrium interest rate does not exist.So the real meaning of interest rate marketisation should be that central bank determines the basic interest rate level and market makes the interest rate structure.For this aim,it is necessary for China to introduce competition mechanism to the bank industry.

关 键 词：利率市场化 均衡利率 利率结构 银行 

分 类 号：F822.0[经济管理—财政学] F830.48