货币政策与银行风险特征:来自中国银行业的证据  

Monetary Policy and Bank Risk-Taking:Evidence from Commercial Banks in China

作　　者：王立强[1] 朱博文[1] 

机构地区：[1]山东大学经济学院

出　　处：《山东大学学报（哲学社会科学版）》2014年第6期79-87,共9页Journal of Shandong University(Philosophy and Social Sciences)

基　　金：银兴经济研究基金

摘　　要：为验证货币政策风险承担渠道在中国的存在性和有效性,通过运用中国33家商业银行2001至2010年的年度数据对货币政策与银行风险关系进行了实证研究。研究发现,用银行脆弱性衡量的银行风险与以银行间同业拆借利率、一年期定期存款利率和法定存款准备金率衡量的货币政策之间存在负相关关系,其中法定存款准备金率变化对银行风险的影响最为显著。表明货币政策传导的风险承担渠道在中国存在,监管当局在制定货币政策时需同时加强银行风险行为监管。To examine the existence and effectiveness of bank risk-taking channel of China, We use the data of 33 commercial banks in China from 2001 to 2010 to do empirical research on the relationship between monetary policy and bank risk-taking. Our results shows that bank risk which is indicated by the bank fragility has negative relation with Chibor, one-year deposit rate and statutory deposit reserve ratio, especially for statutory deposit reserve ratio. We prove that bank risk-taking channel really exists in China and the regulatory authority should focus on bank risktaking behavior when they make the monetary policy.

关 键 词：货币政策 银行风险 风险承担渠道 

分 类 号：F822.0[经济管理—财政学]