我国利率走廊调控机制建设研究

重庆交通大学学报（社会科学版） ›› 2018, Vol. 18 ›› Issue (6): 97-103.

我国利率走廊调控机制建设研究

郑兰祥，赵维东

安徽大学经济学院，合肥 230601

收稿日期:2018-03-06 出版日期:2018-12-20 发布日期:2018-12-12
作者简介:郑兰祥（1965—），男，安徽大学经济学院教授，博士生导师，研究方向：宏观金融与区域金融管理；赵维东（1992—），男，安徽大学经济学院硕士研究生，研究方向：宏观金融与货币政策。

Study on the Construction of the Regulation Mechanism of the Interest Rate Corridor in China

ZHENG Lanxiang, ZHAO Weidong

(School of Economics, Anhui University, Hefei 230601,China

Received:2018-03-06 Online:2018-12-20 Published:2018-12-12

摘要/Abstract

摘要： 20世纪90年代后，利率走廊调控机制逐渐成为国际上很多国家央行货币政策调控模式的选择。随着我国利率市场化道路进一步深入发展，我国货币政策框架的转变和建设问题备受关注。我国已基本具备建立利率走廊机制的条件，其中常备借贷便利（SLF）利率可以作为我国实行利率走廊机制的上限利率，超额准备金率可作为走廊下限利率，政策利率和市场操作目标应选用央行7天逆回购利率和上海银行间同业拆借利率（SHIBOR）。

关键词: 利率走廊, 货币政策工具, 利率市场化, 走廊构建

Abstract: Since the 1990s, the regulation mechanism of the interest rate corridor has gradually become the choice of the monetary policy regulation mode of the Central Bank of many countries.With the further development of Chinas interest rate marketization road, the change and construction of the monetary policy framework of China have attracted much attention. China has basically established the mechanism of interest rate corridor conditions, including standing loan facilities (SLF) that can be used as the interest rate in Chinas interest rate corridor ceiling, the excess reserve rate can be used as a corridor to lower interest rates, interest rate policy and market operation target should be used in the reverse repo rate 7 days of the central bank and the Bank of Shanghai interbank lending rates (SHIBOR).

Key words: interest rate corridor, monetary policy tool, interest rate marketization, corridor construction

郑兰祥，赵维东. 我国利率走廊调控机制建设研究[J]. 重庆交通大学学报（社会科学版）, 2018, 18(6): 97-103.

ZHENG Lanxiang, ZHAO Weidong. Study on the Construction of the Regulation Mechanism of the Interest Rate Corridor in China[J]. , 2018, 18(6): 97-103.