| 银行损失、资本缓冲与货币政策效果 |
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| 引用本文： | 熊海芳,王志强.银行损失、资本缓冲与货币政策效果[J].投资研究,2012(7):3-14. |
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| 作者姓名： | 熊海芳 王志强 |
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| 作者单位： | 东北财经大学金融学院;东北财经大学应用金融研究中心;东北财经大学杂志社 |
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| 基金项目： | 国家自然科学基金“基于时变参数的学习机制、利率行为与政策效果研究”(71173030);教育部人文社会科学重点研究基地重大项目“利率期限结构与货币政策效果:基于中国银行业的产业组织分析”(2009JJD790004);辽宁省教育厅高等学校创新团队研究项目“中国利率期限结构、宏观经济与货币政策研究”(WT2010009)的资助 |
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| 摘 要： | 基于中国银行业1998-2010年面板数据,本文检验银行的损失对贷款供给的影响,并分析资本缓冲(buffer)和货币政策态势(stance)在这种影响中的作用,以进一步考察货币政策效果。经验结果表明:银行损失会导致贷款供给减少,这种影响在银行资本缓冲较少或货币政策紧缩时更明显,在危机时期这种影响也更明显;当资本缓冲较高时,货币政策紧缩使得贷款增长下降较多;货币政策对维护银行业稳定具有重要的作用。
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| 关 键 词： | 银行损失 贷款供给 资本缓冲 货币政策效果 |
Banks Losses,Capital Buffer and Monetary Policy Effect |
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| Xiong Haifang,Wang Zhiqiang.Banks Losses,Capital Buffer and Monetary Policy Effect[J].Investment Research,2012(7):3-14. |
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| Authors: | Xiong Haifang Wang Zhiqiang |
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| Institution: | Xiong Haifang,Wang Zhiqiang |
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| Abstract: | Based on the dataset of banking in China from 1998 to 2010,this paper uses panel data model to test the effect of bank losses on loan supply,and analyzes the role of capital buffer and monetary policy stance in the effect to review the transmission of monetary policy.The empirical result shows that bank losses have negative effect on loan supply,and the effect is more pronounced when capital buffer is less and monetary policy is tight,while the effect is stronger in crisis time.When capital buffer is high,the tight monetary policy causes greater decline of loan supply.Monetary policy has an important role in maintaining the banking stability. |
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| Keywords: | Bank losses Loan supply Capital buffer The Effect of monetary policy |
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