摘要
利用Diamond的两个模型说明商业银行流动性转换职能的性质及其发展趋势。在信息技术不发达、人们的市场参与程度比较低时,传统商业银行的流动性转换是有效的,然而它有内在的不稳定性,容易受到挤兑的冲击。随着信息技术的改善、人们的市场参与度提高,金融市场的流动性转换职能将逐渐变得重要。
Under traditional circumstance where information technology is not well developed and customers＇ enrolment in financial market is on very low level, commercial bank＇s liquidity transformation service is effective. But it has intrinsic instability. As the improvement of information technology and the customers＇ increase of market participation, the liquidity transformation function of financial market will become more important and then should be enhanced.
出处
《财经理论与实践》
CSSCI
北大核心
2005年第5期49-53,共5页
The Theory and Practice of Finance and Economics
关键词
流动性转换
商业银行
金融市场
Liquidity Transformation
Commercial Bank
Financial Market
