从紧货币政策背景下的银行机构经营选择及赢利能力分析  

Analysis on Operational Choices and the Profitability of Banking Institutions in China against a Backdrop of the Tight Monetary Policy

作　　者：王伟[1] 马宏岩[1] 

机构地区：[1]对外经济贸易大学金融学院,北京100029

出　　处：《广东金融学院学报》2008年第4期22-29,F0003,共9页Journal of Guangdong University of Finance

摘　　要：从理论上讲,货币政策调整存在着利差变动效应,而实际利差直接影响着银行机构的盈利能力。但从实证结果来看,非对称加息、法定存款准备金率提高以及公开市场操作等政策工具对银行机构的实际利差影响效果都不明显,而对称性加息的效果显著。商业银行应该根据货币政策的实际利差变动效应采取应对措施。In theory, adjustments in monetary policy lead to changes in the interest differential and the actual interest differential affects the profitability of banking institutions. Actual experience has shown, however, that monetary policy tools such as asymmetric interest rate increases, increases in the legally mandated reserve rate and open market operations do not have a significant impact on the actual interest rate differentials of banking institutions, unlike symmetric interest rate increases, which do have a significant impact. Commercial banks take measures in response to actual changes in interest rate differentials resulting from monetary policy.

关 键 词：从紧货币政策 实际利差 法定存款准备金率 赢利能力 

分 类 号：F822.0[经济管理—财政学]