中国商业银行资本监管有效性实证研究

为了检验资本充足性管制对中国商业银行的资本充足率和风险水平的影响,本文在国外学者研究的基础上,构建了一个联立方程模型。根据这个模型,采用两阶段最小二乘法进行实证分析,分析结果表明:不管是资本充足情况较好的银行,还是资本充足情况较差的银行在资本充足性管制的压力下都提高了资本充足率;资本充足性管制促进了商业银行风险的降低。不过,由于多数银行已超过资本充足性管制中的最低标准,该标准产生的管制效应正在减弱。

The Effectiveness of Capital Adequacy Regulation of China's Commercial Banks

In order to examine the effect of capital adequacy regulation on commercial banks' capital adequacy ratio and risks,the paper builds a simultaneous equation model and analyzes the data of China's banking industry during 2006 to 2008.The analysis shows that each bank raised capital adequacy ratio and reduced risks under regulatory pressure.However,since the minimum requirement of capital adequacy regulation have been achieved by most banks,the positive effect is declining.