上海金融
上海金融
상해금융
Shanghai Finance
2008年
8期
34~37
,共null页
支付系统 超额准备金 需求下降
支付繫統 超額準備金 需求下降
지부계통 초액준비금 수구하강
Payment System; Excess Reserve; Reduced Demand
本文介绍了我国支付系统的主要发展阶段、超额准备金需求变动的理论基础及支付系统发展对超额准备金需求的影响。研究发现，支付系统的发展降低了商业银行对超额准备金的需求，降低了商业银行超额准备金率的方差，提高了商业银行对超额准备金机会成本的敏感程度，更重要的是它可能影响央行法定存款准备金制度的效果。
本文介紹瞭我國支付繫統的主要髮展階段、超額準備金需求變動的理論基礎及支付繫統髮展對超額準備金需求的影響。研究髮現，支付繫統的髮展降低瞭商業銀行對超額準備金的需求，降低瞭商業銀行超額準備金率的方差，提高瞭商業銀行對超額準備金機會成本的敏感程度，更重要的是它可能影響央行法定存款準備金製度的效果。
본문개소료아국지부계통적주요발전계단、초액준비금수구변동적이론기출급지부계통발전대초액준비금수구적영향。연구발현，지부계통적발전강저료상업은행대초액준비금적수구，강저료상업은행초액준비금솔적방차，제고료상업은행대초액준비금궤회성본적민감정도，경중요적시타가능영향앙행법정존관준비금제도적효과。
The paper introduces major developing steps of Chinese payment system, the theories concerning fluctuation of excess reserve demand, and the effect of payment system development on excess reserve demand. The result shows that payment system development reduces excess reserve demand and its fluctuation. And such development makes commercial bank more sensitive to the opportunity cost of holding excess reserve. More importantly, the paper finds out that payment system development may influence the execution effect of required reserve ratio policy.
