The Study Of The Problem During The Interest Rate Market

The interest rate marketable turns to mean that the interest rate is no longer controlled by the government, but is decided by the market supply party and demand party independently. The interest rate is not merely the monetary policy tool, a more important function is that interest rate represents the monetary fund price. Our country's interest rate marketing reform has already been a long time. The reforming result is also obviously, but also there has appeared a few problems during the reforming period. This article obtains from our country interest rate organizational reform advancement, having analyzed the interest rate with our country national economy relations such as our country at present deposit interest rate elasticity as well as the investment interest rate elasticity quite is very limited, the interest rate to invested is not certainly obvious with the deposit influence, this has hindered valid display of the monetary policy, besides this the interest rate marketing will also the development of the economy of our nation, such as the influence to fixed asset investment, the influence to mid- and small-scale enterprise, the influence to state-owned enterprise as well as the influence to commercial bank. As the interest rate marketing has such profound influence to our country's economy under this condition, our country's interest rate system actually has serious issue: for example the datum interest rate formulation manifests the fairness market competition principle with difficulty, the society average rate of profit has not yet formed; the market rate level lack the effective binding force when the enterprise want to uses their funds; the majority commercial bank cannot completely follow to the market rule when they display their function; also our country lacks the corresponding legal laws and regulations in the interest rate market advancement to make the safeguard for the enterprise; the interest rate structure is unreasonable and so on. What should we do when we have to face the monetary system reform deadline? We may obtain from the different country monetary system reform, under comparison we can choose the model country which has different significance for our country, such as the United States, England, Japan and Russian etc, as each nation's interest rate marketable experienced a long period, so any opportunistic way will only cause failure; besides, interest rate market's turning must pay attention to the order of sequence, following the sequence rule and advancing gradually, otherwise any unusual factor will bring the whole...