我国商业银行流动性过剩的制度分析

文章指出了在我国金融市场没有完全市场化的条件下，商业银行出现流动性过剩的表现；同时通过分析我国资金的流向认为我国的流动性过剩是结构性失衡，并分析了我国形成国有企业和四大商业银行双重预算软约束的原因，在双重预算软约束框架下进一步分析了商业银行只愿意发放贷款给国有企业才能使自身效用最大化，造成商业银行流动性过剩。

Institutional Analysis on Excess Liquidity of China's Commercial Banks

This paper points out the performance of excess liquidity in commercial banks under the imperfect financial market in China. At the same time, the paper considers that excess liquidity is the structural imbalance through analyzing the cash flow of China, and then analyzes the reasons that lead to soft budget of State-owned enterprises and the four national commercial banks. Based on soft budget, this paper argues that the commercial banks only loan to State-owned enterprises in order to maximize their own b...