商业银行顺周期性及其逆周期监管工具研究

发布时间：2018-12-11 17:38

【摘要】：由美国次贷危机引发的全球金融危机，给全球经济带来了前所未有的冲击，同时也推动了世界金融格局和金融监管理念的深刻变革。毋庸置疑，顺周期的市场规则是导致此次危机爆发的重要原因。危机后，建立逆周期的宏观审慎监管框架，已在全球范围内达成共识。对于大部分国家而言，商业银行在整个金融体系中处于重要地位，金融的顺周期性更多的表现为商业银行的顺周期性。本文首先界定了商业银行顺周期性的内涵，并在相关理论基础上，重点分析了商业银行顺周期性的形成机理。一方面，商业银行的顺周期性具有一定的内在原因，其存在具有一定的客观性；另一方面，商业银行的某些经营规则，诸如资本监管制度、公允价值会计制度、存款保险制度和薪酬激励制度在设计上的不合理性，又强化了商业银行的顺周期性。商业银行的顺周期性促进了系统性风险的积累，增强了金融系统的脆弱性，进而不利于金融系统的稳定。因此，必须对商业银行实施逆周期监管。鉴于商业银行顺周期性的形成具有一定的内生原因，逆周期监管的基本思路应立足于寻求对上述经营规则的改善，而不是对其顺周期性的彻底消除。其次，在商业银行顺周期性形成机理的基础上，结合危机后相关国际组织和各国金融改革的最新成果，分析了实施商业银行逆周期监管的主要工具，包括工具的种类，工具缓释商业银行顺周期性的运行机理，以及在实施中可能遇到的问题等内容。最后，文章提出了完善我国商业银行逆周期监管的政策建议。在基于前文对商业银行顺周期性及其逆周期监管问题一般性研究的基础上，，文章提出，我国商业银行主导的融资体系和商业银行经营的高度同质性，是助推我国商业银行顺周期性形成的两大特殊助力。因此，完善我国商业银行逆周期监管应在更加广阔的视野内推进。
[Abstract]:The global financial crisis caused by the subprime mortgage crisis in the United States has brought unprecedented impact to the global economy, and has also promoted the profound changes in the world financial structure and the concept of financial supervision. There is no doubt that pro-cyclical market rules are leading to the outbreak of the crisis an important reason. After the crisis, the establishment of a counter-cyclical macro-prudential regulatory framework, has reached a global consensus. For most countries, commercial banks play an important role in the whole financial system. This paper first defines the connotation of procyclicality of commercial banks, and on the basis of relevant theories, analyzes the formation mechanism of procyclicality in commercial banks. On the one hand, the procyclicality of commercial banks has certain internal reasons and its existence has certain objectivity; On the other hand, some operating rules of commercial banks, such as capital supervision system, fair value accounting system, deposit insurance system and salary incentive system, are not reasonable in design, and strengthen the procyclicality of commercial banks. The procyclicality of commercial banks promotes the accumulation of systemic risk, enhances the fragility of financial system, and is not conducive to the stability of financial system. Therefore, we must carry out reverse-cycle supervision on commercial banks. In view of the inherent reasons for the formation of the procyclicality of commercial banks, the basic idea of countercyclical supervision should be based on seeking for the improvement of the above management rules, rather than the thorough elimination of the procyclicality. Secondly, on the basis of the pro-cyclical formation mechanism of commercial banks, combined with the latest achievements of post-crisis international organizations and countries, this paper analyzes the main tools of countercyclical supervision of commercial banks, including the types of instruments. This paper introduces the mechanism of slow-release commercial banks'procyclical operation, and the problems that may be encountered in the process of implementation. Finally, the article puts forward the policy suggestions to perfect the counter-cycle supervision of commercial banks in our country. Based on the general research on the pro-cyclical and counter-cyclical supervision of commercial banks, this paper proposes that the financing system dominated by commercial banks and the management of commercial banks are of high homogeneity. It is the two special helping forces to promote the pro-cyclical formation of commercial banks in our country. Therefore, the improvement of counter-cycle supervision of commercial banks should be carried out in a broader field of vision.
【学位授予单位】：山东财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.33;F224

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