零准备金制度下商业银行储备管理行为  

Behavior of Bank Reserve Management Under Zero Reserve Requirement System

作　　者：刁节文[1] 胡海鸥[1] 

机构地区：[1]上海交通大学安泰管理学院,上海200030

出　　处：《武汉理工大学学报》2006年第3期131-133,共3页Journal of Wuhan University of Technology

基　　金：上海市重点学科建设项目(P1601(2005))

摘　　要：通过建立商业银行储备管理的一般均衡模型,对有准备金制度和零法定准备金制度下的商业银行的储备管理行为进行了对比研究。结果表明,与有法定准备金制度相比,在零准备金制度和利率走廊调控模式下,商业银行的储备管理决策变得相对简单,其储备需求也更为稳定和具有可测性,因此避免了市场拆借利率的过度波动,并给中央银行的货币政策操作提供了更大的实施空间。In this paper, the different behaviors of bank reserve management were analyzed by using two general cquilibrium models. After comparing the regular reserve decision of bank under different reserve requirements, it was showed that there were .some differences in zero reserve requirement and interest rate corridor, in details, which was simpler and more efficient for bank to make decision of reserve management and more helpful to avoid the volatility of overnight rate, moreover, it provided more room for central bank to implement monetary policy.

关 键 词：零准备金制度 商业银行 储备管理 利率走廊 

分 类 号：F821.0[经济管理—财政学]