金融摩擦、银行异质性与银行信贷渠道的非对称性效应  

Financial Frictions,Bank Heterogeneity and Asymmetric Effect of Bank Credit Channel

作　　者：梁俊茹[1,2] 范大路 LIANG Junru FAN Dalu(Finance Research Institute, Chinese Acadomy of Social Sciences , Beijing 100028, China Postdoctoral Workstation , Zhengzhou Bank, Zhengzhou , Henan 450046, China)

机构地区：[1]中国社会科学院金融研究所,北京100028 [2]郑州银行博士后工作站,河南郑州450046

出　　处：《征信》2016年第12期64-70,共7页Credit Reference

基　　金：国家社会科学基金重大项目(12&ZD079)

摘　　要：为了全面系统地研究银行的不同特征对货币政策信贷渠道的影响,刻画在货币政策银行信贷渠道中银行的微观信贷行为,找到货币政策传统机制中微观基础缺失的原因,说明我国银行信贷渠道的有效性以及货币政策对银行信贷的分布效应,选取我国65家商业银行2000—2010年的面板数据,建立动态面板模型,运用GMM估计方法研究货币政策变化对贷款增长率和贷款供给特征的影响。研究表明:银行规模对货币政策冲击的反应最强烈,其次是资本充足率和流动性,再次是不良贷款率。In order to comprehensively and systematically study the effect of different bank characteristics on the credit channels of monetary policy, depict the micro credit behavior of banks in bank credit channels of monetary policy, seek the causes for lack of micro foundation in the traditional monetary policy mechanism, and illustrate the effectiveness of bank credit loan and distribution effect of monetary policy against bank credit channel in China, the paper selects the panel data of 65 commercial banks in China in 2000-2010 years, and studies the impact of monetary policy changes on loan growth rate and loan supply features by establishing dynamic panel models and using GMM. The study shows that the response of bank scale to monetary policy is the strongest, followed by the capital adequacy ratio and liquidity, and then the non-performing loan ratio.

关 键 词：金融摩擦 银行异质性 银行信贷渠道 非对称性效应 货币政策 

分 类 号：F832.4[经济管理—金融学] F822.0