货币基金对商业银行负债端的冲击及建议  

Impact of Monetary Funds on Commercial Banks＇ Liabilities and Suggestions on Countermeasures

作　　者：陈丽丽 胡静 

机构地区：[1]南京银行金融同业部

出　　处：《中国货币市场》2018年第9期52-54,共3页China Money

摘　　要：2016年以来，受益于货币市场利率高位运行，主要投资于货币市场工具的货币基金规模不断扩张，两年多时间内已经翻倍。货币基金规模的增长分流了银行的存款，存款增速不断降低，商业银行负债端压力不断提升。产生这种现象的根本原因在于当前利率呈现双轨运行的态势，本文就此提出缓解商业银行负债端压力的相关建议。Since 2016, driven by the rising interest rates in the money market, the scale of monetary funds, which are mainly invested in money market instruments, has expanded continuously. The monetary fund scale has doubled over the past two years. The increase in the scale of monetary funds caused a loss of bank deposits, resulting in an ever-dropping deposit growth and an ever-rising pressure on the liabilities of commercial banks. The fundamental cause behind this phenomenon is the dual-interest rate system. This paper proposes relevant measures to alleviate the pressure on the liabilities of commercial banks.

关 键 词：商业银行 货币基金 负债 货币市场利率 货币市场工具 基金规模 高位运行 双轨运行 

分 类 号：F832.33[经济管理—金融学]