逆周期银政企信用关系构建问题研究——基于差别准备金动态调整机制视角  

The Research on the Construction of the Counter-cyclical Credit Relationship among Banks, Government and Enterprises——Based on the Angle of the Differential Reserve Dynamic Adjustment Mechanism

作　　者：许艳霞[1] 

机构地区：[1]中国人民银行郑州中心支行,河南郑州450018

出　　处：《西部金融》2016年第7期83-88,共6页West China Finance

摘　　要：在经济繁荣阶段,一方面银行盲目乐观,过度信贷投放;另一方面企业获取金融资源相对容易,资金来源充足,易于盲目扩大投资。在经济衰退和萧条阶段,银行相继抽贷、惜贷,企业融资难、融资贵问题突出。正是银行和企业这种顺周期的银企关系加剧了经济的周期性波动。如果政府能在经济周期的不同阶段采取适当的措施,打造良性的逆周期的银政企合作关系,将会大大减少经济的周期性波动。因此,本文通过研究给出相关建议:一是进一步完善差别准备金动态调整机制;二是建立政府性担保基金;三是完善宏观审慎监管。In the economic boom phase, on the one hand, banks are blindly optimistic and provide excessive supply of credit. Onthe other hand, it is easier for the enterprises to obtain financial resources, financing sources are adequate, so, enterprises are subject tothe expansion ofinvestment. In the economic recession and depression stage, banks withdraw loans and are reluctant to lend, therefore,the problems of enterprises ’ difficulties in financing and high cost of financing are serious. It is the pro-cyclical relationship betweenbanks and enterprises that contributes to the economic cyclical fluctuation. If the government can take corresponding measures in thedifferent stages of the economic cycle, create a benign counter-cyclical cooperation relationship between banks and enterprises, theeconomic cyclical fluctuation will be greatly reduced. Therefore, the paper proposes relevant suggestions. The first is to furtherimprove the differential reserve dynamic adjustment mechanism. The second is to build a government guarantee fund. The third is toperfect macro-prudential regulation.

关 键 词：逆周期关系 市场失灵 差别准备金动态调整机制 

分 类 号：F830.31[经济管理—金融学]