我国利率市场化进程测度:观照发达国家

The Process of China's Interest Rate Liberalization: Contemplation of Developed Countries

金融抑制从长期看不能适应经济发展的需要,利率市场化是我国金融市场逐步发展的必然选择。通过对部分发达国家和我国利率市场化过程的对比分析入手,以利率市场大事为节点,经过赋值测算,得出我国利率市场化程度大约为80.64%,即除存款利率市场外我国已基本实现完全市场化。存款利率市场化将是我国利率市场化进程的最后一步。

In the long run, financial repression cannot meet the need of economic development. With gradually development of China＇s financial market, the interest rate liberalization is an inevitable choice. Through comparison and analysis of the interest rate liberalization process of several developed countries and China, we choose events of interest rate market as nodes and reach that the liberalization level in China is 80.64%. China has achieved interest rate liberalization basically except in deposit rate market. Deposit rate liberalization will be the final step of China＇s interest rate liberalization.