International Experience of Interest Rate Liberalization and China's Investigation

摘要

The 19th National Congress of the People's Republic of China has made significant progress in the reform of interest rate and exchange rate liberalization, steadily promoting the internationalization of RMB. At present, there are still many restrictive factors that prevent the formation of a substantive, effective and market-oriented interest rate formation and control mechanism and hinder the steady progress of RMB internationalization. This paper puts forward some countermeasures to solve the problems by analyzing and interpreting the main restricting factors and referring to some representative cases of some countries in the process of interest rate liberalization reform.