银行业市场结构与存款保险制度的风险行为  

Market Structure of Banking Industry and the Risk Behavior of Deposit Insurance System

作　　者：尹雷[1] 程伟 王梓菲 吴静 YIN Lei;CHENG Wei;WANG Zi-fei;WU Jing(School of Finance,Nanjing University of Finance and Economics,Nanjing 210023,China;Bank of Nanjing,Huaian Branch,Huaian 223000,China)

机构地区：[1]南京财经大学金融学院,南京210023 [2]南京银行淮安分行,江苏淮安223000

出　　处：《云南财经大学学报》2021年第7期41-55,共15页Journal of Yunnan University of Finance and Economics

基　　金：国家社会科学基金青年项目“零利率边界情形下货币政策与宏观审慎政策有效性检验及其协调机制研究”(20CJL007)。

摘　　要：基于防范系统性金融风险的目的,选取中国银行业2008—2017年度数据,通过理论模型构建与实证检验,综合运用固定效应、随机效应、GMM估计、差分广义矩的系统GMM估计模型等多种方法,论证银行业市场结构对存款保险制度风险行为的影响,得到以下结论:第一,在垄断型银行市场,存款保险制度对商业银行的道德风险作用不显著;第二,在竞争型银行市场,存款保险制度会加剧商业银行的道德风险行为;第三,银行业市场结构演变会影响存款保险制度的银行道德风险行为,市场垄断程度加剧了降低存款保险制度的风险行为,竞争度增加会加剧其风险行为。并为中国银行业市场高质量健康发展提供一定政策参考方面的启示:第一,根据经济金融形势,存款保险制度设计时需要设置动态调整最高偿付限额机制;第二,《存款保险条例》内容与细则仍需进一步明确、具体,建立独立的存款保险机构;第三,适当控制银行业市场数量的竞争,转向注重银行业市场质量的竞争。Based on the purpose of preventing systemic financial risks,this paper builds a theoretical model and conducts an empirical study on the impact of banking market structure on the risk behavior of deposit insurance system.Annual data of China’s banks from 2008 to 2017 are chosen,and the methods including fixed effect,random effect,GMM estimation and the systematic GMM estimation model of difference GMM.The conclusions are as follows:first,in monopolized banking market,deposit insurance system has no significant effect on the moral hazard of commercial banks.Second,in the competitive banking market,deposit insurance system will aggravate the moral hazard behavior of commercial banks.Third,the change of banking market structure will affect the moral risk behavior of deposit insurance system.The increase of market monopoly will reduce the risk behavior of deposit insurance system,while the increase of competition will aggravate the risk behavior.The paper provides some policy implications for the high-quality and healthy development of China’s banks.First,a system to dynamically adjust the maximum reimbursement limit should be set when designing deposit insurance system.Second,the content and the items in the Regulations on Deposit Insurance should be more specific and clearer,and an independent deposit insurance organization should be established.Third,we should properly control the competition of quantity and enhance the competition of the quality of banking market.

关 键 词：存款保险制度 垄断型银行业市场 竞争型银行业市场 银行业竞争度 银行道德风险 

分 类 号：F832[经济管理—金融学]