资产价格、信贷波动与逆周期资本缓冲

发布时间：2018-07-12 12:40

本文选题：资产价格 + 信贷波动　；参考：《金融论坛》2014年04期

【摘要】：本文对巴塞尔资本监管协议实施以来几次重大的经济衰退及信贷紧缩过程的分析发现,在银行面临资本监管约束的情况下,经济衰退过程中的信贷紧缩造成经济波动放大是一个资产价格、资本充足率和银行信贷相互影响、自我实现的过程,资产价格波动是银行资本监管约束实现其亲周期性的重要途径。资产价格波动影响银行的资本充足水平,并通过改变资本约束影响信贷供给,因此,逆周期资本缓冲同资产价格挂钩是必要的。基于资产价格对于银行信贷波动及顺周期的影响,可以将资产价格作为逆周期资本缓冲的挂钩变量之一。
[Abstract]:This paper analyzes several major economic recessions and credit tightening processes since the implementation of the Basel Capital Supervision Agreement. It is found that banks are facing the constraints of capital regulation. The credit crunch during the recession is a process in which asset prices, capital adequacy ratios and bank credit interact and self-actualize. The fluctuation of asset price is an important way to realize the procyclicality of bank capital supervision. The fluctuation of asset prices affects the capital adequacy of banks and the supply of credit by changing capital constraints, so it is necessary to link countercyclical capital buffers to asset prices. Based on the influence of asset price on bank credit fluctuation and pro-cycle, asset price can be regarded as one of the linked variables of countercyclical capital buffer.
【作者单位】：中国建设银行总行;
【分类号】：F831.5

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