储蓄存款增幅下降的成因及对策

Main Factors of And Policy Suggestion on Declining of Increasing Rate of Household Deposit

本文对 1 999年下半年以来我国储蓄存款增幅下降的原因和影响进行分析 ,提出相应政策建议。储蓄存款增幅下降的主要原因是存款利率下调、银行存款向证券市场分流以及国家开征利息税、实行存款实名制。储蓄存款增幅下降将对宏观经济运行产生正面影响。开征存款利息税对储蓄存款的影响将是持久的 ,个人存款实名制对储蓄存款的影响是暂时的。建议在宏观经济形势进一步好转后 ,考虑适当上调利率 ,协调本外币利率政策 ,适当时机开征金融收益税 ,坚持已经实行的存款实名制。

This paper analyses the factors and effects of declining of increasing rate of household deposit and gives policy suggestion.The main factors are down tuning of interest rate,funds flowing into securities market from bank deposit,taxation over interest income of household deposit and real mame deposit system.And the effects on macro-economy are positive.The effect of taxation over interest of household deposit will be permanent,while that of real deposit system on household deposit will be temporary.This paper gives such suggestions,which are raising interest rate when macro-economic performance is improved,coordinating policies on domestic currency interest rate and foreign currency interest rate,taxing on financial returning,and persisting in real name deposit system.