政府注资、存款优势与国有银行反危机信贷投放

发布时间：2018-03-20 11:38

本文选题：国有银行　切入点：政府注资　出处：《世界经济文汇》2017年05期 　论文类型：期刊论文

【摘要】：国有银行在金融危机期间相比民营银行投放更多信贷,表现为反危机信贷投放,并且成为一个国际普遍现象。然而,鲜有研究基于实证分析,探讨其后的作用机制。文章基于现有理论,提出"存款优势"假说,即金融危机期间,政府倾向于对国有银行进行注资,资本实力的增厚,降低了储户存款到国有银行的风险,导致国有银行相比民营银行在吸收存款上存在优势,存款流入国有银行,使其有更多的资金进行信贷投放。1935年"白银风潮"作为中国近代史上的一次金融危机,为实证检验前述假说提供了绝佳的自然实验。文章利用总行设在上海的银行1932—1935年的资产负债表数据,验证了"存款优势"假说。文章丰富了文献中关于国有银行对经济社会带来的成本与收益的讨论。
[Abstract]:During the financial crisis, the state-owned banks put out more credit than the private banks, which has become a common phenomenon in the world. However, few studies are based on empirical analysis. Based on the existing theory, this paper puts forward the hypothesis of "deposit advantage", that is, during the financial crisis, the government tends to inject capital into state-owned banks, and the thickening of capital strength reduces the risk of depositors' deposits to state-owned banks. As a result, state-owned banks have advantages over private banks in absorbing deposits, and deposits flow into state-owned banks, allowing them to have more funds for credit. In 1935, the "silver storm" was regarded as a financial crisis in China's modern history. The paper provides an excellent natural experiment for the empirical test of the hypothesis. The paper uses the balance sheet data of the bank with its headquarters in Shanghai for 1932-1935. This paper verifies the hypothesis of "deposit advantage", and enriches the discussion on the cost and benefit brought by state-owned banks to economy and society.
【作者单位】：复旦大学经济学院;上海财经大学金融学院;
【基金】：国家自然科学基金项目(71473041和71673049)的资助
【分类号】：F832.22;F832.4

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