摘要
近年来,我国理论界主张取消对准备金支付利息的呼声很高,成为一种主流的观点。本文认为从国内外存款准备金制度实施的经验与教训看,对存款准备金支付适当的利息,有利于中央银行的货币与利率调控。尤其是在利率市场化条件下,超额准备金利率成为货币市场利率的底线,对于防止利率过度“低调”具有其它工具所不可替代的作用。因此,不应当取消存款准备金付息制度。
Recently there is a leading opinion in the theoretical field that interest system for deposit reserves should be abolished. In view of the experience and lessons on deposit reserves system both at home and abroad, this paper conchides that central bank sets an appropriate interest rates on deposit reserves is conducive to control monetary aggregates and interest rates level. Under the circumstances of interest rate liberalization, interest rate on excess reserve as the lower limit of market interest rates plays an important role in preventing interest rates from cutting down inordinately. Therefore, the interest system for deposit reserves should not he abolished.
出处
《金融研究》
CSSCI
北大核心
2006年第2期52-60,共9页
Journal of Financial Research
关键词
存款准备金付息制度
超额准备金率
利率控制
interest system for deposit reserves
excess reserve ratio
interest rates control
