资本监管、风险承担与货币政策传导机制——研究综述与展望  

Capital Requirement,Risk Taking and Monetary Transmission Mechanism:Literatures Review and Analysis

作　　者：陈龙腾[1] 何建勇[1] 

机构地区：[1]厦门大学经济学院,福建厦门361005

出　　处：《税务与经济》2011年第2期1-7,共7页Taxation and Economy

基　　金：国家社科重大项目"扩大国内需求的宏观经济政策研究"(项目批准号:08&ZD034);教育部人文社科专项项目"资产替代的宏观经济效应与货币政策对策"(项目批准号:07JD790007)的阶段性成果

摘　　要：频频爆发的银行危机暴露了以资本监管为核心的巴塞尔协议的内在缺陷,学术界就资本监管的微观效应和宏观效应展开了激烈的讨论。从文献研究的角度,通过回顾和分析理论界关于资本监管、银行风险承担和货币政策传导机制三者之间复杂关系的研究,可以看出,在微观意义上,关于资本监管对银行风险承担行为影响的研究忽视了对资本监管框架效应的分析;在宏观意义上,资本监管的强化给货币政策传导机制带来了新的渠道,即银行资本渠道和风险承担渠道。这两种新的传导机制在后金融危机时代,是研究宏观审慎监管框架下货币政策效应的核心命题。The Frequently banking crises expose the inherent defect of the capital requirement of Basel Accord, then the academia hotly debate on the micro and macro effect of the capital requirement. With footing on the banking system, this paper analysis the complicate relationship between capital requirements, risk taking and monetary policy transmission by reviewing the literatures. Firstly, in the micro way, the paper sums up five views about the impact of capital requirement on the risk taking behavior of bank, then present that capital framework effect hasn＇t been neglected so far. Secondly, in the macro way, the strengthened capital requirement brings new channels of monetary policy transmission that is bank capital channel and risk taking channel. In the post-financial crisis, these new channels are the core topics of the reach on effect of monetary policy with the macro-pru- dential regulation framework.

关 键 词：资本监管 银行资本渠道 风险承担渠道 

分 类 号：F830[经济管理—金融学]