And overhanging all the change is a deeper issue: Will liberalization of interest rates and capital flows accelerate credit growth? 所有这些改革都取决于一个更深层次的问题:利率市场化和放开资本管制是否将加快信贷增长?
Research on Efficiency of Asset-Liability Management during the Process of Liberalization of Interest Rates 利率市场化进程中银行资产负债管理效率研究
These reforms have focused primarily on the improvement of the legal and regulatory framework; the enhancement of asset quality and the capital base; and the liberalization of interest rates. 该等改革主要集中于改良一个法律及监管架构;改善资产品质及资本基础;及利率自由化。
Liberalization of interest rates in the primary government debt market would be an essential prerequisite. 可是国债发行利率的自由化是一个关键的前提条件。
We will deepen reform of the financial system, continue to promote liberalization of interest and exchange rates, and accelerate the development of small-and medium-sized financial institutions, private banks in particular, with a view to developing a multi-tiered capital market. 深化金融改革,继续推进利率、汇率市场化,加快发展中小金融机构特别是民营银行,发展多层次资本市场。
Liberalization of interest rates is the base of currencies policies made by the central bank as well as important contents of the financial system reform. 利率市场化是中央银行货币政策的基础,也是我国金融体制改革的重要内容。
Under the circumstances of interest rate liberalization, interest rate on excess reserve as the lower limit of market interest rates plays an important role in preventing interest rates from cutting down inordinately. 尤其是在利率市场化条件下,超额准备金利率成为货币市场利率的底线,对于防止利率过度低调具有其它工具所不可替代的作用。
Liberalization of Interest Rates Viewed through the Difference in Banks Behavior 从银行经营者行为差异看利率市场化
That makes the empirical test on financial liberalization focus on the effect of financial policy through the change of real interest rates, but ignore the great effect of the responses by noncompetitive banks to financial restraints and control. 因此,关于金融自由化理论的实证检验往往关注通过改变真实利率而采取的金融政策的效果,而忽略了非完全竞争的银行对金融约束放松所做出的反应而带来的潜在的巨大效果。
With the acceleration of the liberalization of interest rate in the future, there is not doubt that the fluctuations of deposit and loan interest rates and market interest rates would be more violent. 随着未来利率市场化进程的加快,无论是存贷款基准利率还是市场利率,波动性不断加剧已成为必然。
The core of financial liberalization is the liberalization of interest rates. 金融市场化的核心是利率市场化。
In the wave of the interest rates liberalization, the fluctuating level of the interest rates would be aggravated as the huge changes from the interest rates level and structure of a country. 在利率市场化的浪潮中,假如一国利率水平和结构将发生巨大变化,利率波动水平加剧,同时,该国的市场机制不健全,产权改革不到位,金融市场又不发达。