我国商业银行信贷行为与信贷传导效率

发布时间：2018-01-05 04:26

本文关键词：我国商业银行信贷行为与信贷传导效率　出处：《湘潭大学》2013年硕士论文　论文类型：学位论文

【摘要】：中央银行货币政策从实施后到它对实体经济产生影响的这段过程，被看作是“黑箱”，而对这个“黑箱”的研究，一直都是宏观经济学的核心问题。货币政策传导机制的通畅与否直接关系着货币政策实施的有效性。近年来，我国中央银行通过货币政策对经济进行调控，而货币政策效果却常常令人沮丧。我们常说治标应先治本，如果能找到货币政策低效的原因所在，就能对症下药提出有意义的政策建议，从而解决我国货币政策长期存在的效率损失问题。我们知道，货币政策发生效力主要是通过传导渠道对实体经济产生影响，在我国，信贷传导渠道为主要货币政策传导渠道，商业银行信贷行为更是在货币政策传导过程中起着至关重要的作用。因此本文站在商业银行信贷决策的角度上来考察其对货币政策信贷传导的影响。从货币政策目标来说，国家采用货币政策主要是为了促进经济增长、保持物价稳定，而自身效用最大化是商业银行追求的目标所在。两者在目标上的差异性，导致了两者行为的性质不同。当货币政策变动时，商业银行谋划的是如何在央行容许的博弈边界内结合市场环境来调整自己的信贷行为并达到最优。本文将以货币政策信贷传导理论为前提，结合商业银行信贷优化行为，来研究商业银行信贷决策对信贷传导效率的影响，并通过分析相应的影响因素，提出政策建议，从而促进货币政策信贷传导效率的提高。根据理论分析，可知央行货币政策能否通过信贷传导机制对实体经济产生作用以及作用的程度大小，即信贷传导效率的高低，将取决于商业银行的信贷行为是否与央行货币政策取向一致；央行的政策力度会随着不同经济时期下商业银行自身行为的不同而增强或削弱。经验分析表明，目前我国银行信贷渠道是主要的货币政策传导渠道；银行信贷总量在与货币政策走势基本相符的同时，也出现一定程度的背离，，而且我国商业银行流动性过剩的特征也致使货币政策信贷传导受阻。之后的实证分析更进一步的验证了我国货币政策信贷传导机制效率损失，即信贷渠道发生了阻塞。在此基础上，我们分别通过对我国商业银行商业性和公共性双重定位特点、银行信贷配给行为以及满足监管制度和绩效考核制度下的银行信贷行为这四个方面进行分析，剖析了我国2002年以来信贷传导渠道下商业银行信贷行为“失调”以致传导效率损失的原因。并针对分析出的信贷传导效率损失原因，提出政策建议。
[Abstract]:The process from the implementation of central bank monetary policy to its impact on the real economy is regarded as a "black box", and the study of this "black box". Monetary policy transmission mechanism is directly related to the effectiveness of the implementation of monetary policy. In recent years, China's central bank through monetary policy to regulate the economy. Monetary policy, on the other hand, is often frustrating. We often say that the symptoms should be addressed first, and that if the reasons for the inefficiency of monetary policy can be found, meaningful policy recommendations can be made to the case. In order to solve the long-term loss of efficiency of monetary policy in China, we know that the effectiveness of monetary policy is mainly through the transmission channel to the real economy, in China. The credit transmission channel is the main monetary policy transmission channel. The credit behavior of commercial banks plays an important role in the transmission of monetary policy. From the monetary policy objective, the country adopts monetary policy mainly in order to promote economic growth and maintain price stability, and the maximization of its utility is the goal pursued by commercial banks. Causes the nature of the behavior to be different. When monetary policy changes. What commercial banks plan is how to adjust their credit behavior and reach the optimum by combining the market environment with the game boundary allowed by the central bank. This paper will take the credit transmission theory of monetary policy as the premise. Combined with the commercial bank credit optimization behavior, to study the commercial bank credit decision-making on the credit transmission efficiency, and through the analysis of the corresponding factors, put forward policy recommendations. So as to promote the efficiency of monetary policy credit transmission. According to the theoretical analysis, we can know whether the central bank monetary policy through the credit transmission mechanism to the real economy and the extent of the effect, that is, the level of credit transmission efficiency. It will depend on whether the credit behavior of commercial banks is consistent with the monetary policy orientation of the central bank; The policy intensity of the central bank will be strengthened or weakened with the different economic periods. The empirical analysis shows that the bank credit channel is the main transmission channel of monetary policy. The total amount of bank credit is basically consistent with the trend of monetary policy, at the same time, there is also a certain degree of deviation. Moreover, the characteristics of excess liquidity of commercial banks in China also hinder the transmission of monetary policy credit. The empirical analysis further verifies the loss of efficiency of the credit transmission mechanism of monetary policy in China. That is, the credit channel has been blocked. On this basis, we respectively through the commercial and public of commercial banks in China dual positioning characteristics. The bank credit rationing behavior and the bank credit behavior under the supervision system and the performance appraisal system are analyzed. This paper analyzes the reasons for the loss of credit conduction efficiency of commercial banks under the credit transmission channel since 2002, and puts forward some policy suggestions for the loss of credit transmission efficiency.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.4

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