中国利率市场化下的金融风险理论

Theoretic Analysis on the Financial Risk of Interest Rate Marketization in China

随着利率市场化改革的不断深入,利率频繁波动所带来的金融风险问题更为突出,对金融风险的再认识已成为利率改革成败的关键。本文以我国当前利率市场化改革为研究背景,对近代利率理论的发展脉络和主要观点进行了阐述,通过梳理国内外学者的最新研究成果,力图构建利率市场化下金融风险内在机理的宏观框架,从而为国内学者的利率市场化风险研究提供理论借鉴,也为我国利率市场化进程中的风险防范提供实践参考。

With the deepening of interest rate marketization, the problems of financial risk brought by frequent fluctuations of interest rates are obvious increasingly. The key to the success of the reform becomes timber understanding of financial risk. This paper based un the current interest rate marketization reform in China as research background, analyzes the developing sequences and main viewpoints of interest rate theories. After summarizing the latest research results of scholars at domestic and abroad, macroeconomic framework of financial risk is constructed under interest rate marketization. Meanwhile, this paper provides the theoretic angle of view to understand financial risk again and the reference for risk management in the process of interest rate marketization.