The Effect Of Interbank Certificates Of Deposit On Commercial Banks

In current China’s financial market, the interbank certificates of deposit, as a marketing interest rate product, which owns a relatively perfect structure and is an excellent way to save money. Interbank certificates of deposit provide significant reference for researching into the deposit interest rate liberalization, as well indicate that marketing interest rate in China will have a further development. The article aims to analyze and elaborate interbank certificates of deposit systematically following the process of China’s interest rate liberalization reform. This paper consists of four parts: Firstly, it is clear to explain what the definition of interbank certificates of deposit is? Then, this paper introduces such international experience during the development of interbank certificates of deposit while it also concludes the sequence of development of interbank certificates of deposit in China. The interbank certificates of deposit are issued in China has a significant influence on the interbank business of commercial banks, the self-management of commercial banks, as well as China’s economic environment. Finally, according to analyze the impact of different changes of innovation on the interbank deposit market during the development of interest rate liberalization, the writer suggests some corresponding macro-policy recommendations.