商业银行主动负债发展的经济效应

主动负债发展会带来商业银行间融资增加,通过分别设立模型研究商业银行间净融资规模增加和不同期限互相融资规模增加两种情况后,可以得出主动负债发展的微观经济效应:(1)净融资规模增加后银行流动性改善,资金投放规模增加;融资环境改善后商业银行备付金率可降低,流动性进一步提高.(2)商业银行彼此融资后,在不同期限资金投放业务上成本不同的银行会发挥各自相对优势,实现差异化经营,促使银行总收益增加.在上述微观分析基础上,通过对我国金融环境的具体分析,可以得出主动负债发展能推动我国利率市场化、发展金融市场、促进货币创造等宏观经济效应.

Economic Effect of Commercial Banks' Managed Liability

Managed liability development can enhance interbank financing. In this paper, two models are built to analyze the increase in both net inter-bank financing scale and different-term mutual financing scale. Through study, the microeconomic effect of managed liability development is observed: 1). the larger the net financing scale, the better banking liquidity and higher capital supply; the healthier the financing environment, the lower the capital reserve rate and still better banking liquidity. 2). after mutual funding, commercial banks with different costs of capital supply for different term can make full use of their respective advantages to implement operational diversity and raise total banking income. With this microanalysis and concrete probe into our financial environment, it is found that managed liability development can push ahead the marketization of interest rate, sounder financial market, facilitate money innovation.