摘要
本文在对同业业务发展及其风险进行分析的基础上,着重对同业业务的顺周期性进行分析和评估。通过测算弹性系数表明,同业负债对名义GDP的弹性系数大于广义信贷;通过HP滤波方法发现,"同业负债/GDP"偏离度要明显大于"广义信贷/GDP"等指标,即"同业负债"顺周期性表征功能更强,在宏观审慎管理实践中,可视为有效的补充监测指标。为规范发展同业业务,要尽力引导金融机构优化负债结构,同时控制部分类型业务的规模;创新宏观审慎指标和工具,加强监测分析和流动性风险管控;利用部际监管联席会议制度,加强部门间沟通和信息共享制度建设。
Based on the analysis of the development and risks of interbank business, the paper focuses on the measurement of the procyclicality of interbank business. The estimate of elasticity coefficient shows that the elasticity coefficient of interbank debt to nominal GDP is greater than that of generalized credit. The analysis based on the HP filter method shows that the deviation of interbank-debt / GDP is obviously greater than that of generalized-credit / GDP or other indexes, which means that interbank debt show a more obvious procyclicality, and can be an effective complement of monitoring indicator in the practice of prudent macro-management. In order to regulate interbank business, it＇s necessary to guide financial institutions to optimize debt structure, and meanwhile control the scale of some business; innovate macro-prudential indicators and tools, strengthen the monitoring, analysis and control of fluidity risks; make use of department-joint-conference system to improve the communication and system of sharing information.
出处
《金融论坛》
CSSCI
北大核心
2014年第4期65-71,共7页
Finance Forum
关键词
商业银行
同业业务
顺周期
宏观审慎监管
commercial bank
interbank business
procyclicality
prudent macro-supervision
