利率市场化和我国宏观金融调控体制改革

The Liberalization of Interest Rate and the Reform of Financial System in China

利率市场化是我国金融体制下一步改革的中心环节。鉴于货币存量对经济运行的重要影响 ,如何选择合理的货币供给模式 ,形成逆周期货币供给机制 ,将成为决定利率市场化改革成败的关键。为了保证利率市场化改革的顺利进行 ,我国需要确立古典货币供给模式作为利率市场化改革目标 ,并构造适应利率市场化要求的宏观金融调控体制 ,进行包括公共财政、外汇体制和企业制度等在内的经济体制配套改革。

The reform of interest rate determined by marketing organization is becoming the central chain in the financial system reform in China.Since money stock is the most important factor for economy movement,so how to choose the rational money supply model and form the anticyclical money supply will determine whether the reform of interest rate determined by marketing organization can attain the final success.\;In order to realize the above reform target,China not only has to set the classical money supply model as the reform target,but also has to make a series of economic system reforms,such as the reforms of public financial system,foreign currency system,enterprise policy and so on.