Volume 7, Issue 6, December 2018, Page: 248-259
Analysis of the Impact of Interest Rate Liberalization on Internet Finance
Guaili Zhang, Department of Finance and Economics, Guangdong AIB Polytechnic College, Guangzhou, China
Jiahao Cheng, Department of Finance and Economics, Guangdong AIB Polytechnic College, Guangzhou, China
Received: Jul. 1, 2018;       Accepted: Sep. 14, 2018;       Published: Oct. 26, 2018
DOI: 10.11648/j.ss.20180706.12      View  192      Downloads  15
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.
Keywords
Interest Rate Marketization, The Internet Financial, Impact
To cite this article
Guaili Zhang, Jiahao Cheng, Analysis of the Impact of Interest Rate Liberalization on Internet Finance, Social Sciences. Vol. 7, No. 6, 2018, pp. 248-259. doi: 10.11648/j.ss.20180706.12
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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