Study On Some Problems Of Chinese Interest Rate Liberalization

This dissertation firstly discusses the basic theories of interest rate and interest rate liberalization, analyzes the significance of interest rate liberalization in our country today, discusses the development course and actuality of interest rate reformation, probes into the advantageous conditions and the difficulties in proceeding the interest rate liberalization in our country. Then it explains the interest risks confronted by the financial institutions of our country, introduces three kinds of interest risk measuring techniques, emphasizing the application of Duration and Convexity and mathematical model to the progressing of interest risk measurement and interest risk management. Meanwhile, it introduces three kinds of financial derivative tools: Finance Future, Finance Option and Interest Rate Swap. At last, it puts forward a suggestion that further push the interest rate liberalization course in our country, and an analysis of outlook resulting from the actual realization of the interest rate liberalization.