摘要
本文选择一个新的视角对于当前利率上行进行分析,认为当前利率高企已经不是一个简单的周期性问题,而是结构性问题。应从制度层面分析当前的利率困局,基于现实可行性对打破当前困局的路径进行预测,如建立债务约束机制、金融机构退出机制、编制资产负债表等我国未来金融改革的重点,并分析在改革的不同阶段,其对利率的影响不同。
In this paper, we take a new angle in analyzing the current rise in interest rates, arguing that the increase is not simply a cyclical problem but rather a structural one. Through an institutional analysis, one can find practical ways to escape from the current interest rate dilemma. These are the key areas of future financial reform, namely developing a constraint mechanism for local government debt, preparing a meaningful government balance sheet and creating an exit mechanism for failed financial institutions. At the same time we examine the impact of different stages of the reforms of interest rates.
出处
《金融市场研究》
2014年第3期17-26,共10页
Financial Market Research
关键词
利率
影子银行监管
存款保险制度
地方债务
interest rates,shadow banking regulation,deposit insurance system,local government debt
