摘要
本文采用BANKSCOPE数据库中2002-2012年间中国116家银行的相关数据,对货币政策和监管政策对银行信贷行为的影响进行了深入研究,同时也对不同资本充足性监管压力下的银行信贷行为进行了研究。结果表明,货币政策仍是影响我国银行信贷行为的重要因素。在监管政策中,合格稳健的资本持有水平有利于银行信贷增速的提升,其在与货币政策的协调作用中会弱化紧缩货币环境对银行信贷扩张的负面影响,且不同资本充足性监管压力下的银行信贷行为也存在差异,而动态拨备率与流动性比率对银行信贷行为的影响尚不显著。本文不仅剖析了货币政策和监管政策对银行信贷行为的影响效果,也指出两个决策当局为避免政策效果冲突存在政策协调的必要性。
This paper studies the influential effect on banking credit behavior of monetary policy and regulatory policy, and the banking credit behavior under different capital adequacy pressures by using data of 116 Chinese banks from 2002- 2012 in BANKSCOPE database. The results show that monetary policy is still the most important factor that can affect the behavior of banking credit. For regulatory policy, the qualified and robust capital adequacy can lead to the increase of banking credit growth ratio, and weaken the negative influence on banking credit imposed by tight monetary condition in the process of coordinating with monetary policy; meanwhile the banking credit behaviors are different under different capital adequacy supervision pressures, while the dynamic provision ratio and liquidity ratio have insignificant effect on banking credit behavior. Our study not only further analyzes the influential effect of monetary and regulatory policy on banking credit behavior, but also argues that it is necessary for these two policy-making administrations to coordinate their policies to avoid the conflicts of policy effectiveness.
出处
《国际金融研究》
CSSCI
北大核心
2016年第5期48-60,共13页
Studies of International Finance
基金
国家自然科学基金(项目号71473103)
教育部人文社科基金(项目号13YJA790038)的阶段性成果
关键词
货币政策
监管政策
银行信贷
Monetary Policy
Regulatory Policy
Banking Credit
