CAJ | 학술논문

由于目前Shibor与存贷款利率之间没有稳定联系，因而它还不能算基准利率。发挥Shibor的基准利率功能是推进利率市场化的关键，而要规范和完善Shibor的功能，则不能只关注Shibor操作的本身，更要分析决定Shibor的变量所处的状态，以及Shibor在利率体系中的地位，只有消除造成Shibor扭曲的变量，并使Shibor处于核心主导地位．Shibor才能成为调控利率体系的基准利率。
유우목전Shibor여존대관리솔지간몰유은정련계，인이타환불능산기준리솔。발휘Shibor적기준리솔공능시추진리솔시장화적관건，이요규범화완선Shibor적공능，칙불능지관주Shibor조작적본신，경요분석결정Shibor적변량소처적상태，이급Shibor재리솔체계중적지위，지유소제조성Shibor뉴곡적변량，병사Shibor처우핵심주도지위．Shibor재능성위조공리솔체계적기준리솔。
In the process of market-oriented interest rate reform, launching Shibor as the benchmark interest rate is the key step. To do that, we should closely examine all the factors that could possibly affect Shibor, and cor- rectly measure the role of Shibor in current interest rate system. Only when the factors that contort Shibor formation are erased, will Shibor be the benchmark interest rate in our interest rate system.