经济衰退阶段银行资本监管的新框架——优先股资本化被引量：1

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摘要银行资本具有亲周期的特征,资本监管则导致信贷供给具有更为严重的周期性,并放大经济冲击,也削弱了货币政策的有效性。巴塞尔协议建立在三大支柱基础上,目前针对银行资本顺周期效应的缓解措施除了其固有的内在缺陷,仅仅考虑巴塞尔协议的第一、二支柱,而忽视了第三支柱。本文提出经济衰退阶段银行资本监管的一种新框架——优先股资本化,这一新框架的实质是借款人自我筹集资本,不会摊薄既有普通股股东的利益,也不会增加商业银行的信贷风险,为我国目前满足中小企业贷款需求和维持银行体系稳健运行提供了一种新思路。

作者潘再见陈振

机构地区厦门大学金融系中国建设银行股份有限公司江西总审计室

出处《农村金融研究》 2009年第9期38-43,共6页 Rural Finance Research

基金教育部人文社科专项任务项目"资产替代的宏观经济效应与货币政策对策"(批准号07JD790007) 国家社科重大项目"扩大国内需求的宏观经济政策研究"(批准号08&ZD034)的阶段性成果"

关键词银行资本监管经济冲击资本化优先股衰退阶段巴塞尔协议周期效应信贷供给

分类号 F831 [经济管理—金融学]

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