金融脱媒对我国商业银行的影响研究

发布时间：2019-04-27 19:26

【摘要】：金融脱媒是指由于金融管制的存在,资金供给直接到达需求方和融资者,而没有经过商业银行这个中介体系。美国最早出现金融脱媒是在上个世纪六七十年代,我国出现这一现象大概是在十几年前。目前,我国金融体制改革在继续推进,利率市场化进程也已经进展过半,资本市场也在进一步成熟,这三大背景因素在不断削弱着商业银行作为间接融资中介的作用。资金的需求者们越来越更多的通过股票、债券等直接融资手段去获得他们所需要的资金。另外,居民也开始把钱更多的投资于股票、债券等金融工具,而不是像过去那样单一的把剩余的资金存进银行。商业银行赖以生存的存贷款业务受到了极大的挑战,在金融体系中的重要性开始不断下降。本文以金融中介理论为理论研究基础,首先立足我国国情重新对金融脱媒进行了界定,并对比分析了国内外金融脱媒的表现及影响。然后运用多种统计分析方法,分别从金融脱媒的现状、趋势和产生原因、对我国商业银行的影响这四个方面具体分析了我国的金融脱媒现象。最后采用计量经济学方法对金融脱媒是如何影响我国商业银行进行了实证研究,并在此基础上结合我国金融脱媒的各种特征提出了我国商业银行应对金融脱媒的创新对策,以使我国的商业银行能够从容的面对挑战和把握金融脱媒所带来的机遇,为更好的促进我国经济的发展打下坚实的基础。通过研究发现,证券市场对商业银行传统业务的冲击是确定的,但受政策性因素、制度性因素等其他因素的影响,目前这种影响还不是很大,且持续时间不长。另外,证券市场所造成的银行贷款端脱媒要强于存款端脱媒。总的来说,我国银行业当前的角色还是偏重的,虽然在社会融资规模中的占比在下降,但仍处于主体地位；金融脱媒虽然尚处于初级阶段,但长期趋势已经确立且在加速发展,未来可以预测到我国的金融脱媒会加速深化。
[Abstract]:Financial disintermediation refers to the existence of financial regulation, the supply of funds directly to the demand side and financiers, without the intermediary system of commercial banks. Financial disintermediation first appeared in the United States in the sixties and seventies of the last century, and this phenomenon occurred in China about ten years ago. At present, China's financial system reform continues to advance, interest rate marketization process has been more than half of progress, capital market is also further mature, these three background factors are constantly weakening the role of commercial banks as indirect financing intermediary. People who need money are getting more and more of the money they need through direct financing such as stocks, bonds and so on. Residents are also starting to invest more of their money in financial instruments such as stocks, bonds and so on, rather than simply depositing the rest of the money in banks, as in the past. Commercial banks rely on the survival of the deposit and loan business has been greatly challenged, the importance of the financial system began to decline. Based on the theory of financial intermediation, this paper firstly redefines the financial disintermediation based on the national conditions of our country, and compares and analyzes the performance and influence of financial disintermediation at home and abroad. Then it analyzes the phenomenon of financial disintermediation in China from four aspects: the present situation, trend and reasons of financial disintermediation, and the influence on our commercial banks by using a variety of statistical analysis methods. Finally, this paper makes an empirical study on how financial disintermediation affects Chinese commercial banks by econometrics, and on the basis of this, puts forward innovative countermeasures for Chinese commercial banks to deal with financial disintermediation according to the various characteristics of financial disintermediation in China. In order to enable our commercial banks to face the challenges and grasp the opportunities brought by financial disintermediation, to better promote the economic development of our country lay a solid foundation. Through the research, it is found that the impact of the securities market on the traditional business of commercial banks is certain, but affected by other factors, such as policy factors, institutional factors and other factors, this influence is not very large at present, and the duration is not long. In addition, the bank loan end disintermediation caused by the securities market is stronger than the deposit end disintermediation. Generally speaking, the current role of China's banking industry is still biased, although the proportion in the scale of social financing is declining, but it is still in the dominant position; Although the financial disintermediation is still in the initial stage, the long-term trend has been established and the development is accelerating. It can be predicted that the financial disintermediation in China will accelerate the deepening in the future.
【学位授予单位】：西南大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.33

【参考文献】