| The marketization of interest rate is one of the important part of economic reform of our country and also the emphasis and difficulties of financial system's reform. To understand well the content of the marketization of interest rate, it's significance, what its target is, the suitable procedures, and so on, will be very important to the reform of the marketization of interest rate. As we know, the risk management of interest rate is very important to each commercial With the deepening of our economic system reform and financial system, interest-rate marketization being pushed gradually and the fluctuating of interest rate, the risk management of interest rate of our commercial bank is more and more significant. However, at present the risk management of interest rate is very simple, there are many problems in the practices of the management, so it is necessary to research how to improve its risk management This article analyzes the marketization of interest rate of our country in the past time, and make a prediction that how to deepen the marketization in the future, and some advice for our commercial bank to how to manage the risk of interest rate under the marketization of interest rate in future.The thesis consists of 8 parts as follows;Chapter 1, introduction. Introduction includes the proposition of the question and literature review.Chapter 2, the inexorable trend of marketization of interest rate of our country. First, describe four different concepts of marketization of interest rate in theories field of China, agreeing with the fourth standpoint, which is more novel, accurate. And then generalize the content of marketization of interest rate, distinguish marketization of interest rate from interest rate freedom and make sure that our country should use the concept of marketization of interest rate Finally, describe the meaning of marketization of interest rate and inexorable trend in our country. The marketization of interest rate is the request of perfecting socialist market economy system in China, promoting the transition of the style of economic increase of our country, improving the whole economic quality, the entry to WTO ,forming real market main body ,Central Bank'sstrengthening macro adjustments and controls, and realizing the item of the capital opening to the outside worldChapter 3, the process of marketization of interest rate of our country Proceed from international experience, has described the way choice and the procedure of the marketization of interest rate reform of our country Our country adopts a kind of progressive reform ways, and on the whole the order is interest rate of money market-issue interest rate of the security-loan interest rate-deposit interest rate Have reviewed the marketization of interest rate reform of our country of more than ten years, is in the hope of seeing achievement and insufficientChapter 4, the interest-rate risk management of our commercial bank in the process of marketization of interest rate Analyze the risk of interest rate brought to commercial bank of our country in marketization of interest rate and the risk include periodic risk and unvarying risk In general, unvarying risk consists of maturity-mismatch risk, basis risk, yield curve risk and embedded option risk Then describe the current situation of risk management of interest rate, and the emphasis is the discussion on the interest-rate risk management of our commercial bank in the process of marketization of interest rate That realize the marketization in our country may need 8 to 10 more year, and it can be divided into three period including developing period, perfecting period and realizing period Our commercial bank will mainly adopt Rate-Sensitive Gap method to manage during developing period, use Duration method and financial derivative tools during perfecting period and in realizing period VaR technique can be adopted in additionChapter 5, conclusion Summarize the main conclusion of this thesis and put forward some questions worth studying further. |
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