存款保险制度显性化的流动性配置效应  

The Allocation Effects of Liquidity in Turning to Explicit Deposit Insurance

作　　者：李泽广[1] 邓微[1] 

机构地区：[1]南开大学经济学院,天津300071

出　　处：《山西财经大学学报》2014年第9期31-39,共9页Journal of Shanxi University of Finance and Economics

基　　金：国家社科基金项目"投资效率及其国际比较"(11CJY094);教育部人文社科项目"金融创新与监管的结构性错配问题研究"(09YJC790158)

摘　　要：隐性存款保险制度显性化会导致存款人和各类金融机构的风险承担发生显著变化,造成金融系统流动性配置机制和风险分散渠道的动态迁移。通常来讲,银行为其他主体提供流动性缓冲,银行间金融市场提供的共同流动性保险以及存款保险机构提供的流动性保险共同构成了体系化的流动性配置机制,而中国银行业的流动性风险缓冲大多由大型银行而非金融市场提供。这说明,从流动性风险防范的角度来探讨存款保险制度显性化的经济效应,需要明辨流动性风险分散的运作机理,以及系统重要银行在流动性配置格局中的关键角色。The transformation to explicit deposit insurance system will inevitably result in a dynamic migration effects on the allocation of liquidity among financial institutions, due to the changes of risk appetite of depositors and heterogeneous risk exposures of financial institutions. The liquidity allocation mechanisms can be described as：banks providing liquidity cushion to economic entities,inter-bank market as co-insurance for banks, as well as the liquidity insurance from deposit insurance company, On the whole, the big banks buffer more liquidity risk than financial markets provided by the large banking system in China. This shows that it is very important to explore the economic effects of explicit deposit insurance system from the point of view of liquidity risk management, and it is necessary to achieve liquidity risk diversification of the operation mechanism, as well as key role of systematic important banks in banking system.

关 键 词：存款保险制度 流动性配置 道德风险 风险承担 

分 类 号：F832[经济管理—金融学]