摘要
虽然我国已迈出了利率市场化的坚实步伐 ,但是 ,离利率市场化的最后一步———存贷款利率市场化还很远。由于利率的决定问题实质上是产权的确定及交易的问题 ,因此 ,如果不从根本上解决利率双方的产权问题 ,不将应由利率双方承担但已由国家承担的交易成本约束交还给利率双方 ,也就是说 ,不从制度根本上来探求利率的真正决定问题 ,这样的利率市场化也只是无水之源 。
Socialist market economy system needs to make the interest rate marketable. China has taken a steady step toward the interest rate liberalization , but it is far from the last step of it--the liberalization of deposit-loan interest rate. Because the problem of decision of the rate is actually the trading and decision of property right, the liberalization of interest rate is based on nothing if the property right of both sides can not be solved essentially and the transaction cost can not be transferred from the government to the deposit-loan sides. That is to say we should determine the interest rate from the institution.
出处
《财经理论与实践》
CSSCI
北大核心
2003年第4期46-50,共5页
The Theory and Practice of Finance and Economics
