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| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Impact of Interest Rate Liberalization on the Operation of Chinese Banks |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Date | 2016 |
| Abstract Text | Interest rate liberalization means that the market decides the interest rate. The US scholars Mckinnon and Shaw believed that interest rate should float freely according to the supply-demand in the market and government should abandon all the intervention and control over interest rate. However Stiglitz thought that the interest rate liberalization should under proper control from government. Almost all the developed countries and most developing countries have completed the interest rate liberalization reform. From their experiences, the liberalization did release the press on the interest rate and increase the saving rate, which resulted in the economic development. However, there were also countries that the interest rate liberalization did not achieve the expectation but caused the financial crisis on the contrary. In China, the interest rate is long under strict control and the interest rate liberalization will make banks losing their most important reliance. There are 13 banks taken as research objects in the thesis and study how the interest rate liberalization will influence the operation of banks in China. |
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