我国存款准备金率政策对商业银行流动性的效应研究

发布时间：2018-05-26 05:14

本文选题：存款准备金率 + 商业银行流动性　；参考：《华南理工大学》2016年硕士论文

【摘要】：法定存款准备金率一直是我国货币政策调控的重要工具之一。开展其对商业银行流动性效应的研究,可揭示其作用过程,还可为商业银行保持良好价值提供建议。基于此,本文以1999—2014年法定存款准备金率及商业银行流动性为研究对象,对我国商业银行流动性现状和阶段性分析,从时间发展、银行类型、地域空间三个角度开展影响分析,得到以下结论:(1)外汇占款比受国外资本及储蓄影响较大,而国内货币供给及通胀因素引起的币值变动而影响流动性。存款准备金率作对商业银行流动性存在不小影响,其与商业银行流动性指标时间序列存在单向Granger因果关系。(2)法定存款准备金率调整的第一阶段为1999—2008年,第二阶段为2009—2012年。在第一阶段前两期(2006年1月至2006年2月),存款准备金率提高导致银行贷存比达到最大值,从第3期(2006年3月)到第8期(2006年8月)影响开始下降并达到最小;第二阶段的前两期(2009年二季度),存款准备金则表现为负向影响且达到最低,此后到第4期(2009年四季度)变为正向影响,在第12期(2011年四季度)趋于稳定。(3)特大型银行流动性在各阶段受到负向影响,在第4期(2002年四季度)达到最大,之后逐渐减小在10期(2004年二季度)后开始趋于稳定;大型商业银行流动性在第1期(2002年一季度)受到负向影响,之后表现为正向并在第8期(2003年四季度)趋于稳定;中型商业银行的流动性在各阶段均变现为正向影响,在第3期(2002年三季度)后开始逐渐下降,在第7期(2003年三季度)以后几乎趋向于0。(4)东部地区影响最小,西部地区影响最大,而中部地区影响波动较为明显。同时,从影响的方向来看,东部地区与西部地区呈现相反特点,中部地区与东北地区都属于波动类型,但变换过程刚好相反。(5)商业银行角度应加强其日常流动性管理、构建完善的压力测试机制和体系、改革经营管理策略;金融监管角度应从宏观上加强存款准备金制度的政策实施、微观上深化差额存款准备金制度改革。
[Abstract]:Legal deposit reserve ratio has been one of the important tools of monetary policy regulation in China. Carrying out its research on the liquidity effect of commercial banks can reveal its course of action and provide advice for commercial banks to maintain good value. Based on this, this paper takes the legal deposit reserve ratio and the liquidity of commercial banks from 1999 to 2014 as the research objects, analyzes the current situation and stages of liquidity of commercial banks in China, develops from time to time, and types of banks. From the three perspectives of regional space, the following conclusions are drawn: (1) Foreign exchange accounts are more affected than foreign capital and savings, while domestic money supply and inflation influence liquidity. The deposit reserve ratio has no small influence on the liquidity of commercial banks, and the first stage of the adjustment of the required reserve ratio is from 1999 to 2008, which has a one-way Granger causality relationship with the time series of liquidity indicators of commercial banks. The second stage is 2009-2012. In the first two periods of the first phase (January 2006 to February 2006), the increase of the reserve requirement ratio resulted in the maximum loan-to-deposit ratio, which began to decrease and reached the minimum from the third period (March 2006) to the eighth period (August 2006); During the first two periods of the second phase (Q2 2009), the reserve requirements were negative and minimal, and then the fourth quarter (Q4 2009) became a positive impact. In the 12th quarter (fourth quarter 2011), the liquidity of super large banks was affected negatively at each stage, reaching its maximum in the fourth quarter of 2002, then gradually decreasing after 10 periods (second quarter of 2004). Liquidity of large commercial banks was negatively affected in the first quarter of 2002, followed by a positive trend and stabilized in the eighth (fourth quarter of 2003) period; liquidity of medium-sized commercial banks became positive at all stages. It began to decrease gradually after the third quarter of 2002. After the seventh period (third quarter of 2003), the influence of the eastern region was the least, the influence of the western region was the biggest, and the influence fluctuation of the central region was obvious. At the same time, from the direction of influence, the eastern region and the western region have opposite characteristics. The central region and the northeast area belong to the fluctuating type, but the process of transformation is just opposite. 5) the commercial banks should strengthen their daily liquidity management. It is necessary to strengthen the policy implementation of the deposit reserve system from the macro perspective and deepen the reform of the balance deposit reserve system from the perspective of financial supervision.
【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F832.2

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