利率市场化与商业银行金融创新

Marketization of Interest Rate and Financial Innovation of Commercial Banks

利率市场化之后,利率对经济变数的敏感性增强,利率波幅加大,商业银行面临前所未有的利率波动风险的冲击。本文讨论了利率市场化对我国经济运行产生的影响;分析了利率市场化之后商业银行面临的主要风险;认为商业银行防范和化解利率风险的根本途径在于金融创新。

With its marketization, the interest rate fluctuates more frequently and is getting more sensitive to economic variables. The commercial banks will face unprecedented risk arising from the fluctuation in the interest rate. This paper discusses the influence of interest rate marketization on China＇ s economy,analyzes the main risks faced by commercial banks, and argues that the essential approach to manage the risks is financial innovation.