“同业借款”对商业银行筹资机制的作用分析

An Analysis of the Effects of Interbank Borrowing on Commercial Banks' Financing Mechanis

中国人民银行提出将允许中资商业银行开办人民币同业借款业务。这一以主动负债形式的筹资工具的推出,将对创新商业银行的筹资机制乃至完善宏观货币运行体系起到积极的作用。笔者继而提出将邮政储蓄转存款和保险协议存款这两项资金的出路纳入同业借款范畴的相关设想,以疏通货币政策的传导机制。

The central bank is prepared to permit domestic commercial banks to run the RMB interbank borrowing business.The introduction of this financing instrument as a form of active borrowing will have a positive effect on the innovation of the commercial banks' financing mechanism and on the perfection of macro money operation system.Moreover,the author puts forward suggestions on bringing post savings deposits and insurance agreement deposits into interbank borrowing,so as to enhance the transmission mechanism of monetary policy.