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A Study of the Choice for RMB Interest Rate Regulation Mode Based on Benchmark in the Process of China's Interest Rate Marketnization

机译:中国利率市场化过程中基于基准的人民币利率调控模式选择研究

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For the market-oriented reform of interest rate have carried out for many years but with no great achievement, China's government now urges to ascertain a Benchmark interest rate, and then establish a reasonable and practical mode of interest rate regulation. This paper gives an introduction of two popular modes of interest rate regulation. Based on these two modes, we analyze their mechanisms and their advantages & shortages associated with the environment of China's economy. Finally we conclude that the best choice of regulation mode is a transition from open-market operation to interest rate corridor gradually in the process of reform.
机译:由于利率市场化改革已经进行了多年,但没有取得很大的成就,中国政府现在敦促确定基准利率,然后建立合理,实用的利率调控模式。本文介绍了两种流行的利率调节模式。基于这两种模式,我们分析了它们的机制以及与中国经济环境相关的优势和不足。最后,我们得出结论,调节模式的最佳选择是在改革过程中逐步从公开市场操作过渡到利率走廊。

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