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本研究回顾台湾地区历经14年的利率市场化推进历程,并将其分为三阶段:1975至1980年,分阶段放宽放款利率,管制存款利率;1980至1989年,松绑存款利率,扩大放宽放款利率;1989年以后完全放开存贷款利率。通过总结台湾利率自由化过程的历史经验和分析数据,本研究提出利率市场化之后金融市场短期内存款利率将呈上升趋势,利息差收小可能性大,银行间竞争将加剧,同时金融风险相对提升,银行非利息收入占比会呈上升趋势,而金融产品和工具的创新也将加速,面对利率市场化对金融市场的以上影响,中国大陆银行业必须充分认知准备,学习台湾经验教训。
This study reviews the 14-year marketization of interest rate in Taiwan and divides it into three stages: From 1975 to 1980, the lending rate was relaxed in stages and the deposit interest rates were controlled. From 1980 to 1989, the deposit interest rates were relaxed and the loans extended to ease Interest rates; completely liberalized deposit and loan interest rates after 1989. By summarizing the historical experience and analysis data of the process of interest rate liberalization in Taiwan, this study proposes that the interest rate liberalization will increase the deposit rate in the short term after the marketization of interest rates, the possibility of small interest income closing is small, the competition among banks will be aggravated, and the financial risk will be relatively low As a result, the share of non-interest income of banks will go up while the innovation of financial products and tools will also accelerate. In the face of the above impact of interest rate liberalization on financial markets, the banking industry in mainland China must fully understand and learn from Taiwan’s experiences and lessons .