银信合作产品对货币政策信贷传导效果的影响

发布时间：2018-04-26 06:17

本文选题：银信合作 + 影子银行　；参考：《苏州大学》2015年硕士论文

【摘要】：本文以中国式影子银行的最窄口径,即银信合作产品作为研究对象,证明其对我国货币政策信贷传导效果的影响,分析其影响机制,并提出提高货币政策效果的建议。本文首先通过梳理我国银信合作产品的运作模式与监管政策的博弈过程,说明在业务运作层面银信合作产品是如何发展成为中国式影子银行代表的,并发现现行监管存在的问题;然后,根据货币政策的信贷传导过程,分段阐释银信合作产品影响货币政策信贷传导效果的机制,提出银信合作产品对货币政策信贷传导效果有不利影响的假设;接着,借鉴向宇、朱海波的货币政策信贷传导机制模型,设计了信贷的利率弹性这一指标,用于反映货币政策的信贷传导效果,通过对信贷的利率弹性和银信合作产品发行量这两个变量构建VAR模型,并在此基础上建立脉冲响应函数验证了前文的假设;最后,根据前文发现的国内现行监管的不足,以及银信合作产品对货币政策信贷传导的影响路径,从改善监管体制以降低银信合作产品对货币政策传导的干扰,优化信贷传导机制以疏通货币政策传导渠道,以及其他配套措施三个方面出发,提出若干改善货币政策效果的建议。
[Abstract]:In this paper, the narrowest caliber of Chinese shadow banking, that is, Yinxin cooperation product, is taken as the research object, to prove its influence on the credit transmission effect of monetary policy in China, to analyze its influence mechanism, and to put forward some suggestions to improve the monetary policy effect. First of all, by combing the game process between the operation mode and the supervision policy of the cooperation products, this paper explains how the cooperation products of the bank and the letter have developed into the representative of the Chinese shadow banking in the business operation level. Then, according to the credit transmission process of monetary policy, the paper explains the mechanism that the bank and credit cooperation products affect the credit transmission effect of monetary policy. This paper puts forward the assumption that the cooperative products of Yinxin have adverse influence on the credit transmission effect of monetary policy, and then, drawing on Xiang Yu and Zhu Haibo's model of monetary policy credit transmission mechanism, designs the index of interest rate elasticity of credit. In order to reflect the credit transmission effect of monetary policy, the VAR model is constructed by using the two variables of interest rate elasticity of credit and the circulation volume of bank credit cooperation products, and the impulse response function is established on this basis to verify the above hypothesis. According to the deficiencies of domestic existing supervision and the influence path of Yinxin cooperative products on the transmission of monetary policy credit, from improving the regulatory system to reduce the interference of Yinxin cooperation products to monetary policy transmission, Based on the optimization of credit transmission mechanism in order to dredge the transmission channels of monetary policy and other supporting measures, some suggestions for improving the effect of monetary policy are put forward.
【学位授予单位】：苏州大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F822.0;F832.4

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