银行资本充足率对货币政策信贷渠道的门槛效应  

The threshold effect of bank capital adequacy ratio on monetary policy credit channel

作　　者：奚陵 Xi Ling(Nanjing University of Finance&Economics,Nanjing,Jiangsu,210023)

机构地区：[1]南京财经大学,江苏南京210023

出　　处：《市场周刊》2021年第1期142-144,176,共4页Market Weekly

摘　　要：文章研究了资本充足率通过不同类型货币政策工具对银行信贷行为产生的门槛效应。通过近12年我国银行业年度平衡面板数据建立面板门槛模型,结果表明:资本充足率对货币政策工具存在双门槛效应,门槛值前后货币政策对信贷的传导机制发生转换;且无论哪种货币工具,对银行信贷的传导机制均显著存在,意味着央行货币工具箱的稳健性。文章最后结合结论与疫情背景提出了相应的政策建议。This thesis studies the threshold effect of capital adequacy ratio on bank credit behavior through different types of monetary policy instruments.This paper establishes a panel threshold model based on the annual balanced panel data of China’s banking industry in the past 12 years.The results show that:there is a double threshold effect of capital adequacy ratio on monetary policy instruments,and the transmission mechanism of monetary policy to credit changes before and after the threshold value;and no matter which monetary instrument,the transmission mechanism of bank credit exists significantly,which means the robustness of the central bank’s monetary toolbox.At the end of the thesis,the corresponding policy recommendations are put forward based on the conclusions and epidemic background.

关 键 词：门槛机制 资本充足率 货币政策 

分 类 号：F831[经济管理—金融学]