基于央行逆回购的商业银行资产负债调整研究

发布时间：2018-07-05 07:20

本文选题：央行逆回购 + 货币供应量　；参考：《山西财经大学》2014年硕士论文

【摘要】：当前，国内要求经济稳增长，国外量化宽松政策不断强化，我国央行却频繁使用公开市场逆回购操作，而非传统手段——降低存款准备金率、减息。这正是由于逆回购与其他货币政策工具相比，具有温和中性、灵活机动的特点。央行最近公布的货币政策执行报告透露出了央行货币政策变化的新动向：逆回购成为银根调节的首位货币政策工具，且短期内央行将主要运用逆回购进行货币政策的调控；同时，央行将主要通过公开市场操作这一重要货币政策组合对流动性实施管理。央行通过逆回购直接将资金注入银行体系，在确保商业银行拥有充足的、可供投放的资金，使得微观经济主体的信贷需求得到满足的同时，通过对货币供应量、利率、公众预期等发生作用，也对商业银行的资产负债产生了显著的影响。然而，面对央行逆回购操作，我国商业银行资产与负债结构单一，且资产与负债在规模和期限上缺乏匹配，同时商业银行风险意识淡薄，，资产负债管理方法单一。这些都为商业银行科学应对央行宏观调控，保证利润水平，持续经营发展埋下了隐患。因此，本文将在深入探讨与分析我国央行逆回购背景、商业银行经营环境的基础上，通过对商业银行资产负债管理相关理论和国外商业银行先进资产负债管理体系及科学技术的研习，对比我国商业银行与国外商业银行在资产负债方面的差异，并在借鉴国外商业银行资产负债管理经验的同时，切实分析我国商业银行的实际内、外部经营环境以及其自身经营发展需求，希望通过在资产调整方面、负债调整方面和资产负债综合调整方面针对商业银行资产负债调整与管理提出的意见和建议，为我国商业银行积极应对央行逆回购业务操作、持续经营、稳定发展提供一些帮助。
[Abstract]:At present, the domestic demand economy steady growth, the foreign quantitative easing policy strengthens unceasingly, but our country central bank frequently uses the open market reverse repurchase operation, rather than the traditional means-reduces the deposit reserve ratio, reduces the interest rate. This is due to reverse repurchase compared with other monetary policy instruments, with mild neutral, flexible characteristics. The recent report on the implementation of monetary policy released by the central bank reveals the new trend of the change of the central bank's monetary policy: reverse repurchase is the first monetary policy tool for monetary regulation, and the central bank will mainly use reverse repurchase for monetary policy control in the short term; At the same time, the central bank will mainly through open-market operations this important monetary policy portfolio to implement liquidity management. The central bank directly injects funds into the banking system through reverse repurchase. While ensuring that commercial banks have sufficient funds available for investment, so that the credit needs of microeconomic entities are met, through money supply, interest rates, The effect of public expectation also has a significant impact on the assets and liabilities of commercial banks. However, facing the reverse repurchase operation of the central bank, the structure of assets and liabilities of commercial banks in China is single, and the scale and duration of assets and liabilities are not matched. At the same time, the risk consciousness of commercial banks is weak, and the management method of assets and liabilities is single. These are the commercial banks scientific response to the central bank macro-control, ensure the level of profits, sustainable business development buried hidden dangers. Therefore, this paper will discuss and analyze the background of China's central bank reverse repurchase and the business environment of commercial banks. By studying the theory of asset liability management of commercial banks and the advanced asset liability management system and science and technology of foreign commercial banks, this paper compares the differences between Chinese commercial banks and foreign commercial banks in terms of assets and liabilities. While drawing lessons from foreign commercial banks' experience in asset and liability management, this paper analyzes the actual and external operating environment of Chinese commercial banks and their own business and development needs, hoping that through the adjustment of assets, The opinions and suggestions for the adjustment and management of the assets and liabilities of commercial banks in the aspects of liability adjustment and comprehensive adjustment of assets and liabilities are helpful for our commercial banks to actively deal with the reverse repurchase business operations of the central bank and continue to operate. Steady development provides some help.
【学位授予单位】：山西财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F830.42

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