摘要
本文回顾了中国利率市场的历史进程,指出当前的主要任务;对利率并轨后新的传导机制进行了研究;借鉴成熟市场经济体利率市场化经验,对新的贷款基础利率(LPR)的定价机制做了分析;对选择LPR替代传统贷款基准利率的时机和有利条件,以及可能遇到的问题做了说明。
This article reviews the history of China’s interest rate liberalization,points out the direction of financial reforms,and examines the role of the monetary transmission mechanism once financial institutions are free to determine all interest rates for loans and deposits.The article analyzes the pricing mechanism known as the loan prime rate(LPR)based on the experience of interest rate deregulation in advanced economies.It also offers some suggestions on the timing and benefits of choosing this new benchmark lending rate to replace the traditional base rate.
出处
《金融市场研究》
2019年第8期26-37,共12页
Financial Market Research
