理财产品发展、利率市场化与银行风险承担问题研究

发布时间：2018-07-01 11:41

本文选题：理财产品 + 利率市场化　；参考：《金融研究》2017年10期

【摘要】：理财产品市场持续发展,已对我国金融特别是银行方面产生了不可忽视的影响。与此同时,利率市场化进程也在不断推进中。然而,针对这两者对银行经营特别是对银行风险承担影响的研究还十分缺乏。有鉴于此,本文利用2005-2015年100家商业银行面板数据进行研究表明:(1)理财产品的利益搜寻效应对银行风险承担具有负向影响,增强了货币政策立场造成的影响;(2)利率市场化推进将通过促进银行竞争、赋予银行更多风险承担机会方式对银行风险承担产生正向影响,且增强了货币政策立场造成的影响;(3)利率市场化的推进会削弱理财产品对银行风险承担的作用,而货币政策立场收紧则强化了理财产品的影响,而这三种因素的共同作用对银行风险承担有着正向的影响。
[Abstract]:The sustained development of financial products market has had an important influence on Chinese finance, especially on banks. At the same time, the interest rate marketization process is also in progress. However, there is still a lack of research on the impact of these two on bank management, especially on the risk bearing of banks. Based on the panel data of 100 commercial banks from 2005 to 2015, this paper shows that: (1) the profit search effect of wealth management products has a negative impact on banks' risk-taking. (2) the promotion of interest rate marketization will have a positive impact on banks' risk-taking by promoting bank competition and giving banks more opportunities to take risks. And enhanced the impact of monetary policy stance; (3) the promotion of interest rate marketization will weaken the role of financial products to bear the risks of banks, while the tightening of monetary policy position will strengthen the impact of financial products, The combined action of these three factors has a positive effect on the risk bearing of banks.
【作者单位】：广东金融学院金融与投资学院;厦门大学王亚南经济研究院;
【基金】：国家自然科学基金面上项目(71573224)的资助
【分类号】：F832.33;F832.5

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