摘要
2013年6月，同业拆借市场交易价格一度大幅攀升。资金价格的异常上涨对中小金融机构、进而对实体经济产生了影响，不利于Shibor基准利率作用的发挥。本文通过构建计量模型，对同业拆借利率的影响因素及Shibor自身的波动特点进行实证分析，立足于维护同业拆借市场平稳运行这一目标，从构建同业拆借市场价格平抑机制、规范市场管理等方面提出相关政策建议。
The interbank lending rate went up substantially for a while in June 2013. The unusual price surge has affected small and medium financial institutions and the real economy, which is also unfavorable to the benchmark role of Shibor. The article provides an empirical analysis of the factors affecting Shibor and the features of Shibor fluctuation through an econometric model. In order to maintain a stable interbank lending market, the article makes policy suggestions in terms of establishing the interbank lending rate stability mechanism and strengthening market regulation.
出处
《中国货币市场》
2013年第11期30-34,共5页
China Money
