利率改革能成为创新之源吗?——基于利率市场化改革与商业银行流动性创造的关系研究  

Can Interest Rate Reform Be a Source of Innovation?——A Research on the Relationship between Market-oriented Interest Rate Reform and Liquidity Creation of Commercial Banks

作　　者：吴成颂[1] 张青青 倪清[1] Wu Chengsong;Zhang Qingqing;Ni Qing(Anhui University,Hefei 230601,China)

机构地区：[1]安徽大学

出　　处：《当代经济管理》2019年第6期72-81,共10页Contemporary Economic Management

基　　金：国家社会科学基金一般项目《利率市场化背景下商业银行系统性风险诱发及传染机制研究》(16BGL051)

摘　　要：运用2008~2017年14家上市商业银行的面板数据,实证检验利率市场化对商业银行表内外流动性创造的影响及多元化经营的中介效应。研究结果表明利率市场化与商业银行表内外流动性创造之间均呈正相关关系,多元化经营在利率市场化对表内流动性创造的影响中发挥完全中介效应,而在利率市场化对表外流动性创造的影响中发挥部分中介效应。进一步的实证研究表明:商业银行表内流动性创造加剧了银行的流动性风险,而表外流动性创造对银行的流动性风险没有显著影响。Based on the panel data of 14 listed commercial banks from 2008 to 2017,this paper empirically examines the impact of market-oriented interest rate on the liquidity creation inside and outside the balance sheet of commercial banks and the mediating effect of diversification level. The research results show that there is a positive correlation between market -oriented interest rate and liquidity creation inside and outside the balance sheet of commercial banks;diversification plays a complete mediating effect on liquidity creation inside the balance sheet caused by market -orient-ed interest rate,and a partial mediating effect on liquidity creation outside the balance sheet caused by market-oriented interest rate. Further empir-ical research shows that the liquidity creation in the balance sheet of commercial banks intensifies the liquidity risk of banks ,while the outside bal-ance sheet liquidity creation has no significant impact on the liquidity risk of banks.

关 键 词：利率市场化 多元化经营 流动性创造 中介效应 流动性风险 

分 类 号：F832.1[经济管理—金融学]