银行竞争、市场力量与货币政策信贷传导

发布时间：2018-04-04 18:31

本文选题：银行竞争　切入点：市场力量　出处：《财贸经济》2017年02期

【摘要】：随着银行业持续的改革开放,其市场力量和竞争状况发生了巨大变化。本文研究我国银行系统的市场力量和竞争如何影响货币政策传导的银行信贷渠道,并且考察这种关系是否随着银行特征的变化而变化。借助2003-2014年102家商业银行的面板数据和固定效应模型,我们发现,竞争通过银行信贷渠道强化了货币政策的传导机制,而且这种强化关系在小规模、高资本和高流动性的银行中表现得更为明显。本文为理解我国货币政策信贷传导机制的影响因素提供了一个新的重要视角,对于完善货币政策传导机制,健全金融宏观调控体系也具有的重要参考意义。
[Abstract]:With the continuous reform and opening up of the banking industry, its market forces and competition situation have undergone tremendous changes.This paper studies how the market forces and competition in China's banking system influence the bank credit channel of monetary policy transmission, and examines whether this relationship changes with the change of banking characteristics.With the panel data and fixed effect models of 102 commercial banks from 2003 to 2014, we find that competition strengthens the transmission mechanism of monetary policy through bank credit channels, and the strengthening relationship is on a small scale.Banks with high capital and liquidity are more visible.This paper provides a new and important angle of view for understanding the influencing factors of the credit transmission mechanism of monetary policy in China, and also has important reference significance for perfecting the transmission mechanism of monetary policy and perfecting the financial macro-control system.
【作者单位】：中南财经政法大学金融学院;
【基金】：国家自然科学基金青年项目(71601186) 教育部人文社会科学研究青年基金项目(14YJC790023) 中央高校基本科研业务费青年教师创新项目(2011018)
【分类号】：F822.0;F832

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