The Research Of Fiscal Eposits

Fiscal deposits as the People’s Bank of China on the basis of one of the important currency and central bank refinancing and rediscount funding sources, whether their deposit in full relationship with monetary policy execution. In recent years, there is a gradual shift phenomenon, illegal transfer of a number of banking institutions, and the phenomenon of blocking funds to the Treasury Fiscal pay deposits. Loss of a large number of transfers and the phenomenon of fiscal deposits increased monitoring of central bank liquidity in the banking institutions, thus affecting the implementation of the results of the central bank’s monetary policy. Meanwhile, the People’s Bank of fiscal deposits paid into normative documents scattered in various laws, regulations and documents, there is the presence of poor management means the regulatory, management philosophy behind the policy overlap serious face many legal bottlenecks and other problems affecting the grassroots Bank of regulatory effectiveness. People’s Bank of traditional micro-prudential supervision in the core of the regulatory framework able to adapt and meet the needs of preventing systemic risk. The above problem is the writing of this article to provide a realistic background.This paper introduces the concept of macro-prudential management, combined with micro-management theory, by analyzing the current fiscal deposits paid into the system for problems took historical analysis, comparative analysis, specification analysis, research methods, put forward a sound fiscal deposits paid into the system for effective recommendations aimed to reduce the fiscal deposits are retained and transferred to eliminate rent-seeking behavior of financial savings deposit banking institutions, strengthen primary deposit with the central bank to manage fiscal deposits provide a theoretical reference. Based on these studies, we propose the introduction of deposit-related financial systems and regulations, improving fiscal deposits paid into the relevant processes, the introduction of appropriate incentive systems, to avoid moral hazard, and strengthen the RMB settlement account management and other financial accounts deposits paid for fiscal deposits effective inventory management and other recommendations. The innovation of this paper is to introduce the concept of macro-prudential supervision of fiscal deposits deposit. The inadequacies of the paper is the concept of macro-prudential supervision defects not put forward feasible solutions for future research in this article which also provides a new research topic.