我国银行间市场的未来发展和交易场所组织模式研究  

The Revolution of China's Inter-bank Market and Government Model of Transaction Network

作　　者：中国外汇交易中心、中国人民银行研究局联合课题组 

机构地区：[1]中国人民银行金融研究所

出　　处：《金融研究》2002年第5期1-15,共15页Journal of Financial Research

摘　　要：2 0世纪 90年代中期以来 ,我国银行间外汇市场和货币市场运行平稳 ,汇率和利率走势稳定。外汇市场和货币市场交易仍有待于进一步活跃 ,表现为 ,价格生成机制不够灵活 ,交易品种单一 ,交易方式单一 ,中介机构缺乏 ,票据信用基础薄弱等。应扩大参与者的类型和数量 ,培育市场中介机构 ,丰富交易品种 ,培育票据信用基础 ,改进汇率生成机制。为适应市场的未来变化 ,更好地为参与者提供服务 ,银行间市场交易场所也要进行适当组织创新。China's inter-bank foreign exchange market and inter-bank money market have been performing well since mid-1990s. The trends of foreign exchange rate and interest rate within inter-bank market are rather steady. However, there are still some issues to be dealt with, such as pricing mechanism is not flexible enough, transaction items are relatively scare, transaction modes are sticky, market brokers are scare, the credit foundation of bill market is not sound. The following measures should be taken to stimulate the revolution of foreign exchange market and money market, as expanding the types and quantity of market participants, permitting and encouraging market brokers' existence, opening more transaction items, strengthening the foundation of bill market and improving pricing mechanism of foreign exchange market. The governance of transaction network should be innovated for the purpose of supplying high-quality service to market participants and adapting the market revolution.

关 键 词：中国 外汇市场 货币市场 银行间市场 交易场所 票据市场 同业拆借市场 

分 类 号：F832.5[经济管理—金融学]