Dissertation > Excellent graduate degree dissertation topics show

Research into the Selection of China’s Money Market Benchmark Interest Rate

Author: ZhangBin
Tutor: CaiHuiJuan
School: Southwestern University of Finance and Economics
Course: Finance
Keywords: Money market benchmark interest rate SHIBOR monetarypolicy’s interest rate conducting channel social financing amount the controlledinterest rate channel
CLC: F832.5
Type: Master's thesis
Year: 2013
Downloads: 223
Quote: 0
Read: Download Dissertation

Abstract


The paper, in the viewpoint of monetary policy’s interest rate conducting channel, is aimed at making research into benchmark interest rate of money market in China and building the overall framework for its choice. After relevant literature review and theoretical explanations, the paper summarizes general principles, makes preliminary comparative analysis as for intrinsic attributes, pros and cons within prospective or quasi-benchmark interest rates of money market, subsequently makes the claim that SHIBOR has the most potential to become the genuine benchmark interest rate, and then makes empirical analysis, based on which the paper puts forward some suggestions on improving SHIBOR and monetary policy’s interest rate conducting channel.This paper mainly consists of nine chapters:The first chapter introduces its topic background, research meaning, makes literature interview centered around two facets——one is the choice of benchmark interest rate; the other is the conducting effectiveness of money market interest rate, and eventually introduces its overall research framework.The second chapter sheds lights upon relevant theories including interest rate, benchmark interest rate, and monetary policy’s conducting channel so as to incorporate the research of benchmark interest rate into the theoretical framework. What’s more, this chapter puts in a new statistical indicator--social financing amount into the framework of monetary policy’s conducting channel.The third chapter, after describing the necessities of benchmark interest rate in money market, summarizes general principles which pave ways for the following empirical analysis.The forth chapter, based on the present situation about market-oriented reform of interest rate, makes contrast about central bank note rate, the inter-bank bond repurchase rate, short-term bond yield as for their intrinsic attributes, formation mechanism, pros and cons, and makes the preliminary conclusion that SHIBOR is most likely to have the final say in China’s financial market.The fifth chapter makes empirical analysis to above-mentioned money market interest rate including correlation and Granger causality of SHIBOR’s every maturity period, SHIBOR&other money market interest rates.The sixth chapter makes further analysis of SHIBOR’s run effect in monetary policy’s interest rate conducting channel. It tests the conducting effectiveness of SHIBOR to deposit-loan rate in commercial banks from the viewpoint of the controlled-interest rate channel, and also tests the interrelation of SHIBOR and macroeconomic variables.The seventh chapter summarizes empirical conclusions derived from above analysis, and elicits the present accomplishment and inadequacy within SHIBOR.The eighth chapter comes up with corresponding suggestions about how to improve formation mechanism of SHIBOR and monetary policy’s interest rate conducting channel.The ninth chapter interviews its originalities, shortcomings and further fields remaining to be improved.

Related Dissertations

  1. The Research of VaR Model Based on GARCH and CKLS Model,F822.0;F224
  2. Research on Market-oriented Interest Rate Reform During the Twelfth Five Year Plan,F822.0
  3. The GEM IPO underpricing Studies based on Shibor,F224
  4. Empirical Research on the Influence of Short-term Financing Bonds Spread in China,F224
  5. Interest rate of short-term bonds issued,F224
  6. The Research on Benchmark Test for Different Term Structure of Shibor,F224
  7. Pricing Switch-Option-Embedded Notes in a LIBOR Market Model,F224
  8. How Well Did Shibor Do as a Measure of Interest Rate Compared to Repo Rate,F832.51;F224
  9. Forecasts and Analysis of China’s Interbank Interest Rate,F822.0
  10. Volatility based research SHIBOR,F224
  11. China's money market benchmark interest rate the effectiveness of research,F224
  12. As China's benchmark interest rate market SHIBOR running feasibility studies,F224
  13. A Study on the Pricing Issue of RMB Interest Rate Swap,F832.52
  14. Study on China’s Interest Rate Liberalization Based on Transmission Mechanism,F822.0
  15. Empirical Analysis of Shibor as the Basic Interest Rate,F822.0
  16. Interest rate market -based interest rates influencing factors SHIBOR,F822.0
  17. Empirical Study on Offerings Pricing of Commercial Paper,F275;F224
  18. Chinese interbank rates and the relationship between the repo rate and the benchmark interest rate for the Selection of country,F832.2
  19. The choice of the process of marketization of interest rates of money market benchmark interest rate,F224
  20. Study on the Choosing of Benchmark Interest Rate on Money Market Based on the Run Effect of SHIBOR,F822
  21. Empirical Study of China 's benchmark interest rate shibor,F224

CLC: > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Financial market
© 2012 www.DissertationTopic.Net  Mobile