利率市场化对我国商业银行市场竞争的影响

发布时间：2018-02-21 03:03

本文关键词： 利率市场化商业银行竞争 Panzar-Rosse模型市场结构　出处：《天津财经大学》2016年硕士论文　论文类型：学位论文

【摘要】：利率作为资金的价格,在现代金融市场中扮演着重要作用。随着经济的发展,利率管制政策降低了资源的配置,阻碍了商业银行以及金融市场的发展。我国近年来逐渐加快了利率市场化进程,基本全面完成了利率市场化。随着利率市场化的全面放开,商业银行具备了更多的自主定价权,因而其竞争也会更加激烈。本文以商业银行市场竞争为切入点,分别通过传统产业组织的SCP理论与新经验产业组织的Panzar-Rosse模型对商业银行的市场竞争程度进行分析测度。在此基础上,以利率市场化这一政策为切入点,通过Stackelberg价格领先模型以及计量模型分析其对商业银行竞争的影响。通过研究分析本文得出如下结论:(1)我国商业银行市场已经进入较低集中度的状态,商业银行之间的竞争已经相当成熟。(2)利率市场化对于商业银行竞争的影响并不是很显著。但是作为政府政策的一部分,在渐进式的改革过程中稳步推进了金融改革。说明政府监管与市场化"双轨制"发展模式对我国金融业发展的有效性和适用性。(3)随着利率定价的放开,商业银行之间的价格竞争预期会更加激烈,主要的经营业务将受到冲击有可能会出现银行倒闭的现象。(4)金融改革无形中给商业银行造成了更大的竞争压力,促使其不断加强自身综合竞争能力,提高资金使用效率,因此有助于社会福利水平的增加。最后基于全文的分析以及结论,在健全定价、竞争和保障体系以及完善经营模式等商业银行改革方面提出相应的建议。
[Abstract]:As the price of funds, interest rate plays an important role in the modern financial market. With the development of economy, interest rate control policy reduces the allocation of resources. In recent years, China has gradually accelerated the interest rate marketization process, basically completed the interest rate marketization. With the overall liberalization of interest rate, commercial banks have more independent pricing power. Therefore, the competition will be more intense. This paper takes the market competition of commercial banks as the starting point. Based on the SCP theory of traditional industrial organization and the Panzar-Rosse model of new empirical industrial organization, this paper analyzes and measures the market competition degree of commercial banks. On this basis, the marketization of interest rate is taken as the starting point. This paper analyzes the influence of Stackelberg price leading model and econometric model on the competition of commercial banks. The conclusion of this paper is as follows: 1) China's commercial bank market has entered a state of low concentration. The impact of interest rate liberalization on commercial banks' competition is not very significant. But as part of government policy, In the process of gradual reform, the financial reform has been promoted steadily. It shows that the development model of government supervision and market-oriented "two-track system" is effective and applicable to the development of China's financial industry with the liberalization of interest rate pricing. The price competition among commercial banks is expected to be more intense, and the main business operations will be hit. The phenomenon of bank failure is likely to occur. (4) Financial reform has invisibly created greater competitive pressure on commercial banks. To constantly strengthen their comprehensive competitiveness, improve the efficiency of the use of funds, thus contributing to the increase in the level of social welfare. Finally, based on the full text of the analysis and conclusions, in the sound pricing, Some suggestions are put forward on the reform of commercial banks, such as competition and security system.
【学位授予单位】：天津财经大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F832.33;F832.5

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