银行顺周期性文献述评

本文对国内外有关银行顺周期性的文献进行了初步梳理。银行顺周期性在2008年国际金融危机后引起了广泛关注,对其发生机理,学术界从不同视角进行了解读。现行的监管体系由于更多地关注银行机构微观层次的稳健性而对宏观层面的风险关注不够。虽然最新的巴塞尔资本协议进行了有针对性地改进,但其实际效果如何仍有待检验。目前,对银行顺周期的讨论仍存在分歧,有待进行更深层次的研究。

Bank Procyclicality:A Literature Review

The paper makes a survey of the literature on bank procyclicality. Bank procyclicality has become a focus of financial stability since the start of the global financial crisis, which indicates that the current regulatory system puts main emphasis on micro-level robustness of banks while failing to give sufficient concern to macro-level systemic risk. Although the latest Basel Capital Accord has made some improvements in this perspective, their real effects still open to test. The debates on bank procyclicality suggest further research is needed.