美国利率市场化改革对银行业的影响

本文通过对20世纪80年代美国利率市场化改革背景和过程的分析,重点考察了其对银行资产负债业务、向中间业务转型以及行业集中度的影响。本文研究表明,利率市场化导致存贷利差呈缩窄趋势,但由于贷款占资产比重的提升,改革完成初期对银行净息差冲击较小。但随着利率市场化改革的完善和金融脱媒的深化,净息差仍呈现下降趋势。此外,利率市场化对银行向中间业务转型有明显的促进作用,加强了行业竞争,并提升了行业集中度。

The Impact of A merica's Market-based Interest Rate Reform on the Banking Sector

By analyzing the America's market-based interest rate reform in the 1980's,we take an in depth look at the impact of the reform on the transformation of banks' asset-liabilities business into an intermediary business and the centralization of industries.Through our analysis,we find that a market-based interest rate may cause the trend whereby the margin between the savings and loans rate narrows,though due to the increasing weight of debts in assets,the impact on banks' net interest margins at the beginning...