Bank Deposits:Nature of Contract,Microstructure and Product Design
从合同性质、微观结构和设计机制三方面分析存款产品，探讨了权利义务对等、逆向选择、道德风险、存款公共功能及存款保险，旨在指导中国存款产品创新。
The traditional researches on deposits usually take the deposit contract as given,and there are few analysis about the features of deposit contract,the microstructure of deposit product,and the design mechanism. In this paper,based on the analysis of deposit contract,the authors investigate the nature of deposit contract from five aspects,analyze the particular micro-structure of deposit product,and discuss the mechanism in terms of equal rights and obligations,adverse selection and moral hazard,public function of deposits and deposit insurance.This study enlightens us to deepen understanding of product design ideas and method,thus guide the deposit product innovation in China.