Western Interest Rate Theory Of Interest Rates And The Chinese Market

The marketization of interest rate is a significant topic. Since our reform and openness, the marketization of interest rate has been a notable problem. Although many real measures have taken, totally speaking, the step has not been big enough.Then the second chapter is aim at setting up a theoretical framework for the maketization of interest rate, which includes theoretical description of the target, basic condition, order, chance and tactics option for the marketization of interest rate, as well as necessary theoretical analysis on some recognizing deviation on the marketization of interest rate. Before 1978,china had been carried on strict control of interest rate, as result, level of interest rate has been inclined to low and couldn't take effect to regulate fund supply and demand. The third chapter aimed at analyzing the backgrounds and foundation of the marketization of interest rate, which also is the real difficulty of our reform progress. The marketization of interest rate is an international tendency. Lots of countries have finished the task while many countries are proceeding. The fourth chapter focally researched the marketization of interest rate in the US, Japan, British ect.developed country and made positive analysis on their successful experiences and setback lessons. After its reform and openness, china has carried on reform of managerial system of interest rate. The firth chapter reviewed main doings of the three stages, concluded experiences and lessons, and made objective evaluation for the effect of our reform of interest rate through positive analysis. Several years forward will be key time for our marketization of interest rate, the last chapter try to make clear answer for the target and steps of the marketization of interest rate in several years.