基于SHIBOR运行效应的货币市场基准利率选择研究的开题报告.docxVIP

基于SHIBOR运行效应的货币市场基准利率选择研究的开题报告 摘要 货币市场基准利率是反映货币市场供求关系、市场流动性和资金成本水平的重要指标，是金融市场、企业和个人进行贷款、理财和投资决策的依据。而SHIBOR作为我国货币市场利率的基准利率，其运行效应对于货币市场的稳定和资金流动起着至关重要的作用。因此，本文基于SHIBOR运行效应，探讨货币市场基准利率的选择问题，旨在提出更为合适、科学的基准利率，推动货币市场的健康发展。 在研究过程中，首先回顾了国内外货币市场基准利率的发展历程，明确了货币市场基准利率的重要性和现状。接着，分析了SHIBOR作为我国货币市场基准利率的适用性和局限性，深入探讨了SHIBOR在市场压力环境下的运行效应。最后，借助实证数据，运用VAR模型和协整分析，从长期和短期两个层面对SHIBOR进行了实证研究，探讨了SHIBOR对货币市场利率波动的影响，综合分析出对货币市场基准利率的选择提出了建议。 关键词：SHIBOR；基准利率；运行效应；货币市场 Abstract The money market benchmark interest rate is an important indicator that reflects the supply and demand of the money market, the liquidity of the market, and the cost of funds, and is the basis for financial markets, enterprises, and individuals to make loan, financial and investment decisions. SHIBOR, as the benchmark interest rate for Chinas money market, plays a very important role in the stability of the money market and the flow of funds. Therefore, based on the operational effect of SHIBOR, this paper explores the selection of benchmark interest rates in the money market, and aims to propose a more appropriate and scientific benchmark interest rate to promote the healthy development of the money market. In the research process, the development history of domestic and foreign money market benchmark interest rates was first reviewed, and the importance and status quo of money market benchmark interest rates were clarified. Then, the applicability and limitations of SHIBOR as Chinas money market benchmark interest rate were analyzed, and the operational effect of SHIBOR under market pressure was deeply explored. Finally, using empirical data, the VAR model and cointegration analysis were used to conduct empirical research on SHIBOR from two levels, long-term and short-term, to explore the impact of SHIBOR on the volatility of money market interest rates. A comprehensive analysis was carried out to propose suggestions for the selection of benchmark interest rates in the money market. Keywords: SHIBOR；Benchmark interest rate