With the wide application of Internet information technology, every industry has been organically combined with the Internet and has gained new development, which is an inevitable trend of social development. Internet financial products are the new products of the combination of Internet and financial industry. At the same time of the birth of Internet finance, China is carrying out financial market reform. In this context, we want to know how its development will be affected. The purpose of this paper is to study the influence of interest rate liberalization on the development of Internet finance. This paper first analyzes the relationship between the internet finance and the interest rate marketization, then analysis the influence of interest rate marketization on internet financial; Finally, an empirical model analysis demonstrates the influence of interest rate marketization on internet financial, the empirical test shows that although a certain time lag, but the money market and bond market is the granger cause of the internet financial. The interest rate marketization will impact the internet financial operations, commercial bank as the conduction intermediary, can make the market interest rates move in same direction with the internet financial interest rates. Therefore, financial enterprises have to adapt to the interest rate marketization and grasp the actively response to the new environment of interest rate liberalization in order to make themselves get better and faster development.
Published in | Social Sciences (Volume 7, Issue 6) |
DOI | 10.11648/j.ss.20180706.12 |
Page(s) | 248-259 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2018. Published by Science Publishing Group |
Interest Rate Marketization, The Internet Financial, Impact
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APA Style
Guaili Zhang, Jiahao Cheng. (2018). Analysis of the Impact of Interest Rate Liberalization on Internet Finance. Social Sciences, 7(6), 248-259. https://doi.org/10.11648/j.ss.20180706.12
ACS Style
Guaili Zhang; Jiahao Cheng. Analysis of the Impact of Interest Rate Liberalization on Internet Finance. Soc. Sci. 2018, 7(6), 248-259. doi: 10.11648/j.ss.20180706.12
@article{10.11648/j.ss.20180706.12, author = {Guaili Zhang and Jiahao Cheng}, title = {Analysis of the Impact of Interest Rate Liberalization on Internet Finance}, journal = {Social Sciences}, volume = {7}, number = {6}, pages = {248-259}, doi = {10.11648/j.ss.20180706.12}, url = {https://doi.org/10.11648/j.ss.20180706.12}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ss.20180706.12}, abstract = {With the wide application of Internet information technology, every industry has been organically combined with the Internet and has gained new development, which is an inevitable trend of social development. Internet financial products are the new products of the combination of Internet and financial industry. At the same time of the birth of Internet finance, China is carrying out financial market reform. In this context, we want to know how its development will be affected. The purpose of this paper is to study the influence of interest rate liberalization on the development of Internet finance. This paper first analyzes the relationship between the internet finance and the interest rate marketization, then analysis the influence of interest rate marketization on internet financial; Finally, an empirical model analysis demonstrates the influence of interest rate marketization on internet financial, the empirical test shows that although a certain time lag, but the money market and bond market is the granger cause of the internet financial. The interest rate marketization will impact the internet financial operations, commercial bank as the conduction intermediary, can make the market interest rates move in same direction with the internet financial interest rates. Therefore, financial enterprises have to adapt to the interest rate marketization and grasp the actively response to the new environment of interest rate liberalization in order to make themselves get better and faster development.}, year = {2018} }
TY - JOUR T1 - Analysis of the Impact of Interest Rate Liberalization on Internet Finance AU - Guaili Zhang AU - Jiahao Cheng Y1 - 2018/10/26 PY - 2018 N1 - https://doi.org/10.11648/j.ss.20180706.12 DO - 10.11648/j.ss.20180706.12 T2 - Social Sciences JF - Social Sciences JO - Social Sciences SP - 248 EP - 259 PB - Science Publishing Group SN - 2326-988X UR - https://doi.org/10.11648/j.ss.20180706.12 AB - With the wide application of Internet information technology, every industry has been organically combined with the Internet and has gained new development, which is an inevitable trend of social development. Internet financial products are the new products of the combination of Internet and financial industry. At the same time of the birth of Internet finance, China is carrying out financial market reform. In this context, we want to know how its development will be affected. The purpose of this paper is to study the influence of interest rate liberalization on the development of Internet finance. This paper first analyzes the relationship between the internet finance and the interest rate marketization, then analysis the influence of interest rate marketization on internet financial; Finally, an empirical model analysis demonstrates the influence of interest rate marketization on internet financial, the empirical test shows that although a certain time lag, but the money market and bond market is the granger cause of the internet financial. The interest rate marketization will impact the internet financial operations, commercial bank as the conduction intermediary, can make the market interest rates move in same direction with the internet financial interest rates. Therefore, financial enterprises have to adapt to the interest rate marketization and grasp the actively response to the new environment of interest rate liberalization in order to make themselves get better and faster development. VL - 7 IS - 6 ER -