我国商业银行应用金融衍生品借鉴研究

发布时间：2018-04-29 07:27

本文选题：商业银行 + 金融衍生品　；参考：《中国农业大学》2014年博士论文

【摘要】：当前,我国商业银行面临的内外部经济环境正在发生深刻变化,国内经济增速放缓,结构性矛盾十分突出,随着一系列市场化改革措施推进,对商业银行的经营管理和发展改革提出了巨大挑战。纵观历史,我国商业银行面临的环境与美国商业银行20世纪70年代有许多相似之处,届时的美国商业银行借助金融衍生品的应用极大促进了业务的转型,这为我国商业银行的转型发展提供了有益的借鉴。金融衍生品作为金融创新和发展的重要组成部分,是商业银行发展的一个重要方向,必将对商业银行的经营和发展产生重要的影响,加强对金融衍生品的研究和利用也将成为我国商业银行改革与发展的重要课题之一。本文围绕商业银行为什么需要应用金融衍生品、应用金融衍生品的商业银行需要什么样的内在条件以及如何实施金融衍生品等核心问题,通过借鉴美国商业银行金融衍生品的发展的领先实践和先进经验,利用实证分析的方法,论证了商业银行应用金融衍生品的动因及内在条件要求；通过对比借鉴分析,首次全面系统的明确了中美商业银行在应用金融衍生品的动因、内在条件、发展现状、发展时序、环境条件及配套措施等方面的差异性,并在此基础上首次系统性的提出了我国商业银行应用金融衍生品的中国特色发展道路。本文研究结果显示,首先,商业银行应用金融衍生品是在相关动因驱使下,为满足现代发展和经营需要的一种必要的有益尝试,商业银行应用金融衍生品符合其动因预期。第二,商业银行应用金融衍生品需要具备一定的内在条件。这些内在条件包括资产规模、收入结构、贷款租赁、资产流动性、资本结构等方面。同时,应用不同种类的金融衍生品,在内在条件要求上具有一定的差异性。第三,我国商业银行在资产规模、贷款不良率、资产流动性等方面与美国商业银行相当,已经基本具备开展金融衍生品业务的内在条件。第四,我国商业银行在应用金融衍生品的动因、内在条件、现状、环境及配套措施等方面与美国商业银行存在一定的差异性。第五,中美商业银行应用金融衍生品的差异性,决定了我国商业银行应用金融衍生品是一个缓慢的、渐进的、条件逐步完善的过程,并将采取与美国不同的发展道路。动因上的差异性,决定了我国商业银行金融衍生品的发展是一个缓慢的渐进过程；内在条件的差异性,决定了我国商业银行金融衍生品的发展是一个条件逐步完善的过程；应用现状的差异性,决定了我国商业银行的金融衍生品业务在短期内难以达到美国的发展水平,不可能一蹴而就；而不同金融衍生品发展环境和配套措施的差异性,决定了在发展时序和路径上不同于美国商业银行,需要走有中国特色的发展道路。
[Abstract]:At present, the internal and external economic environment facing our commercial banks is undergoing profound changes, the domestic economic growth rate is slowing down, the structural contradictions are very prominent, along with a series of market-oriented reform measures, It poses a great challenge to the management and development of commercial banks. Throughout history, the environment faced by commercial banks in China is similar to that of American commercial banks in the 1970s. At that time, the commercial banks in the United States greatly promoted the transformation of their business through the application of financial derivatives. This has provided the beneficial reference for our country commercial bank transformation development. As an important part of financial innovation and development, financial derivatives are an important direction of the development of commercial banks, which will have an important impact on the management and development of commercial banks. Strengthening the research and utilization of financial derivatives will also become one of the important topics in the reform and development of commercial banks in China. This paper focuses on the core questions of why commercial banks need to use financial derivatives, what kind of internal conditions are needed by commercial banks applying financial derivatives, and how to implement financial derivatives, and so on. By drawing lessons from the leading practice and advanced experience of the development of financial derivatives in American commercial banks, and using the method of empirical analysis, this paper demonstrates the motivation and internal conditions of the application of financial derivatives in commercial banks. For the first time, the differences between Chinese and American commercial banks in the application of financial derivatives, such as motivation, internal conditions, development status, development timing, environmental conditions and supporting measures, have been clarified for the first time and systematically. On the basis of this, the paper puts forward the Chinese characteristic development road of the application of financial derivatives in Chinese commercial banks for the first time systematically. The results show that, first of all, the application of financial derivatives by commercial banks is a necessary and beneficial attempt to meet the needs of modern development and operation driven by relevant motives, and the application of financial derivatives by commercial banks conforms to their motivation expectations. Second, commercial banks need to have certain internal conditions for the application of financial derivatives. These inherent conditions include asset size, income structure, loan lease, asset liquidity, capital structure and so on. At the same time, the application of different types of financial derivatives, in terms of internal requirements have certain differences. Third, Chinese commercial banks are comparable to American commercial banks in terms of asset size, loan failure rate, asset liquidity and so on, and have basically possessed the inherent conditions for carrying out financial derivatives business. Fourth, there are some differences between Chinese commercial banks and American commercial banks in the motivation, internal conditions, current situation, environment and supporting measures of applying financial derivatives. Fifthly, the difference in the application of financial derivatives between Chinese and American commercial banks determines that the application of financial derivatives in China's commercial banks is a slow, gradual and gradual process, and will take a different path of development from that of the United States. The difference in motivation determines that the development of financial derivatives of commercial banks in China is a slow and gradual process, and the difference of internal conditions determines that the development of financial derivatives of commercial banks in China is a process of gradual improvement of conditions. The difference in application status determines that the financial derivatives business of commercial banks in our country is difficult to reach the level of development of the United States in the short term, and can not be achieved overnight, and the differences of the development environment and supporting measures of different financial derivatives, Different from the American commercial banks in the development sequence and path, we need to take the development path with Chinese characteristics.
【学位授予单位】：中国农业大学
【学位级别】：博士
【学位授予年份】：2014
【分类号】：F832.33

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