货币政策、资本监管与银行风险承担

发布时间：2018-05-20 16:01

本文选题：货币政策 + 资本监管　；参考：《吉林大学》2017年硕士论文

【摘要】：2008年全球性的金融危机让大家见识了金融体系不稳定的威力,这也让社会各界对银行风险的关注愈来愈多。事实上,银行风险受到很多因素的影响,但货币政策和资本监管是不容忽视的两点重要因素。随着全球金融一体化进程的深入和金融创新节奏的加快,银行在资本监管下的微观行为,已经不可能与外部的货币政策调控下的经济环境保持相对独立。银行受到微观监管和宏观货币政策的双重影响。无论是出于维持经济整体稳定、向好的考量,还是出于维持金融稳定的考量,都应该重视货币政策和资本监管的协同配合作用。将货币政策和资本监管作为两个影响因素提出,在研究传统的银行风险受货币政策影响的同时,考虑资本监管在其中发挥的作用是十分必要的。本文选取既具有关联性又具有比较性的银行风险、货币政策指标进行研究分析。本文在货币政策影响银行风险承担的基础上,主要考虑资本监管对货币政策的银行风险承担渠道的影响,其次考虑上市因素的影响,因为上市融资对银行的资本水平影响较大,对资本监管带来的资本约束会有影响,所以本文也分析了银行上市的影响。本文分为以下五个部分:第一部分介绍研究银行风险时考虑货币政策与资本监管交互影响的重要性和必要性,说明本文的研究背景及意义;综述了货币政策、资本监管与银行风险三者之间关系的研究现状。第二部分为理论研究,介绍货币政策风险承担渠道的作用机制,以及考虑货币政策和资本监管交互作用影响银行风险的机制,为实证研究提供理论分析。第三、四部分分别为实证模型设定和实证结果分析,同时进行稳健性检验,替换常用的货币政策指标,来说明本文结论的稳健性。第五部分为结论与建议,主要针对资本监管,次要考虑上市融资对货币政策的银行风险承担渠道的影响。本文的结论主要有三点:第一,货币政策对银行的风险承担有着重要的影响,且其影响依赖银行的微观特征。第二,商业银行的微观特征与货币政策的实施效果有很强的相关性,其中以资本情况的影响较为明显。对于货币政策的敏感程度,本质上也是抵消货币政策的能力,微观特征不同的银行其能力也不尽相同,例如银行规模越大、资本越充足这种能力越强。第三,虽然商业银行面临同样的资本监管,但是基于其各自规模和性质等方面的微观差异,面临的资本约束力不同,基于各个商业银行是否上市其所处的融资环境以及面临的挑战也有所差别,对货币政策反应也具有差异性。最后,本文还给出了政策建议。
[Abstract]:The global financial crisis of 2008 showed the power of the unstable financial system, which also made the community pay more and more attention to the risk of banks. In fact, bank risk is affected by many factors, but monetary policy and capital supervision are two important factors that can not be ignored. With the deepening of the process of global financial integration and the acceleration of the pace of financial innovation, the micro-behavior of banks under capital supervision has become relatively independent from the economic environment under the control of external monetary policy. Banks are influenced by both micro-regulation and macro-monetary policy. Whether it is to maintain the overall stability of the economy, for the better, or for the sake of maintaining financial stability, we should attach importance to the coordination of monetary policy and capital regulation. Taking monetary policy and capital supervision as two influencing factors, it is necessary to consider the role of capital supervision in the study of the traditional bank risk affected by monetary policy. In this paper, monetary policy indicators, which are both relevant and comparative, are studied and analyzed. On the basis of the influence of monetary policy on banks' risk-taking, this paper mainly considers the influence of capital supervision on the banking risk-bearing channels of monetary policy, and then considers the influence of listing factors, because listed financing has a great influence on the capital level of banks. Therefore, this paper also analyzes the impact of bank listing. This paper is divided into five parts as follows: the first part introduces the importance and necessity of considering the interaction between monetary policy and capital supervision in the study of bank risk, explains the background and significance of this research, and summarizes monetary policy. The present situation of research on the relationship between capital supervision and bank risk. The second part is a theoretical study, which introduces the mechanism of monetary policy risk-bearing channels and the mechanism of considering the interaction between monetary policy and capital supervision to provide theoretical analysis for empirical research. The third and fourth parts are the empirical model setting and empirical results analysis respectively. At the same time the robustness test is carried out to replace the commonly used monetary policy indicators to illustrate the robustness of this conclusion. The fifth part is the conclusion and the suggestion, mainly aiming at the capital supervision, the second consideration is the influence of the listed financing on the bank risk bearing channel of the monetary policy. The main conclusions of this paper are as follows: first, monetary policy has an important impact on the risk bearing of banks, and its influence depends on the microcosmic characteristics of banks. Secondly, the microcosmic characteristics of commercial banks have strong correlation with the effect of monetary policy, especially the influence of capital situation. The sensitivity to monetary policy is essentially the ability to counteract monetary policy. Banks with different microcosmic characteristics have different capabilities. For example, the larger the size of banks, the stronger the capital adequacy. Third, although commercial banks face the same capital supervision, they face different capital binding forces based on their respective micro differences in size and nature. Based on whether commercial banks are listed in the financing environment and the challenges they face, there are also differences in the response to monetary policy. Finally, policy suggestions are given.
【学位授予单位】：吉林大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F822.0;F832.1

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