Free Banking Practice In The Age Of Internet Finance

For centuries, the free school of economics development, reflect the proposed in the financial sector the most direct expression is the “Free Banking” and its improve, this kind of thought shocks the original theory of money obviously.At the same time in the field of practice, it has certain impact on our financial reform. Now the wave of Internet Finance, great changes have taken place in the traditional financial shape, a variety of "free banking" characteristics of the products and services are constantly emerging, practice requires us to have an objective understanding of the current Internet deepening financial system, not just to stay in the understanding of its superficial and complex form. Only a profound understanding of the composition of Internet Financial behind about free banking essence, ideological origin, theory, the macroeconomic effects of the problem and on the money supply, monetary policy, money market impact, we can objectively recognize free banking practice level, and thus the formation of supervision right.Based on above, this paper firstly reviews the development of free banking theory, background and dynamic two aspects at home and abroad, the key characteristics of the free banking practice extracted and analyzed one by one, to realize the control of each liberalization characteristics stratified on free banking industry practice,divided into different free banging form.Then, explore innovation in the development of the Internet Financial mode, probe deeply into the essence of mining products and services, to explore the freedom degree of the show, and observe the commercial bank itself free style. Then determine the Internet financial and commercial banking innovation is now a free banking practice, forecasting more free products, explore the deep problems of the relationship between freedom and Pratt & Whitney.At last, we focus on the effect of monetary policy and supervision mode, and then make relevant policy recommendations, in order to develop in the risk control and guide reasonable under the premise of the liberalization trend of adaptation.