利率市场化对我国商业银行金融创新影响的研究

发布时间：2018-04-02 15:11

本文选题：利率市场化　切入点：商业银行　出处：《南京师范大学》2017年硕士论文

【摘要】：近年来,社会和经济发展形势的变化对商业银行产生了不断的冲击。宏观上看,互联网金融的发展导致了商业银行的业务分流,银行业面临的外部竞争愈发激烈;微观上来看,由于我国利率市场化进程的推进,利率将由市场供求决定,这将引起银行业内各商业银行之间竞争的加剧。面对互联网金融所带来的竞争压力,银行可以凭借自身资金、规模、技术和人才等优势将互联网技术融入到自己的业务中去,以此来缓解金融脱媒所带来的冲击,但是利率市场化对商业银行的冲击更加复杂,所以,本文主要讨论的是在利率市场化进程不断推进的背景下,我国商业银行为保持自身的竞争力而从事金融创新活动的状况。文章从研究我国利率市场化进程对商业银行的冲击入手,在进行了相关文献综述的基础上,具体分析了利率市场化是如何影响我国商业银行的金融创新。利率市场化主要从两个方面对商业银行产生冲击:一方面,利率市场化会造成银行业利差收窄,商业银行以利息收入为主营收入的盈利模式将会受到冲击;另一方面,当利率由市场决定后,商业银行面临的利率风险将会增大,这就对商业银行的既有的利率风险管理模式产生冲击。这两方面的冲击都会迫使商业银行进行金融创新来缓解这种冲击所带来的影响。基于利率市场化对我国商业银行的冲击机理,本文将选取2007-2015年我国15家上市商业银行作为样本,采取面板数据模型进行相应的实证分析。实证结果表明:(1)从利率市场化对商业银行盈利模式冲击的角度来看,利率市场化与银行金融创新是显著正相关的;(2)从风险管理的角度出发,利率市场化与银行金融创新是显著负相关的,这是由我国银行发展特征导致;(3)通过稳健性检验,支持了文章关于利率市场化与银行金融创新显著正相关的结论。最后,文章结合实证分析的结论给出了以下政策建议:提升中间业务收入比重、注重利率衍生工具在风险管理中的作用、充分发挥监事会的作用和提高原创性金融创新的能力。
[Abstract]:In recent years, the social and economic development situation changes to the commercial banks have a constant impact.From a macro point of view, the development of Internet finance has led to the business diversion of commercial banks, and the external competition facing the banking industry has become increasingly fierce. From a microscopic point of view, interest rates will be determined by the supply and demand of the market because of the advancement of the interest rate marketization process in China.This will cause competition between commercial banks in the banking industry intensified.In the face of the competitive pressure brought by Internet finance, banks can integrate Internet technology into their own business by virtue of their own advantages such as capital, scale, technology and talent, in order to alleviate the impact of financial disintermediation.However, the impact of interest rate marketization on commercial banks is more complex. Therefore, this paper mainly discusses the situation of Chinese commercial banks engaging in financial innovation activities in order to maintain their own competitiveness under the background of continuous promotion of interest rate marketization process.Based on the study of the impact of interest rate marketization on commercial banks, this paper analyzes how the marketization of interest rates affects the financial innovation of commercial banks in China.The marketization of interest rate has an impact on commercial banks from two aspects: on the one hand, the interest rate marketization will narrow the spread of interest in the banking industry, and the profit model of commercial banks, which takes interest income as the main income, will be impacted; on the other hand,When the interest rate is determined by the market, the interest rate risk faced by commercial banks will increase, which has an impact on the existing interest rate risk management mode of commercial banks.Both impacts will force commercial banks to carry out financial innovation to mitigate the impact of such shocks.Based on the impact mechanism of interest rate marketization on Chinese commercial banks, this paper selects 15 listed commercial banks in China from 2007 to 2015 as samples, and adopts panel data model to carry out corresponding empirical analysis.The empirical results show that from the perspective of the impact of interest rate marketization on commercial banks' profit model, interest rate marketization and bank financial innovation are significantly positively correlated) from the perspective of risk management.Interest rate marketization is negatively related to bank financial innovation, which is caused by the characteristics of bank development in our country. It supports the conclusion that interest rate marketization and bank financial innovation are significantly positively related to the interest rate marketization through the robustness test.Finally, based on the conclusions of empirical analysis, the paper gives the following policy suggestions: to increase the proportion of intermediate business income, to pay attention to the role of interest rate derivatives in risk management, to give full play to the role of the board of supervisors and to improve the ability of original financial innovation.
【学位授予单位】：南京师范大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.33;F832.5

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