摘要
本轮金融危机后,国际金融监管组织在宏观审慎的监管框架下提出了逆周期的资本监管提案,要求在信贷过速增长等银行风险加大时提高监管资本要求。为研究这一政策对信贷增长的影响,本文基于我国2007年-2011年银行业面板数据,研究了资本充足率与信贷增长之间的关系;建立相对资本充足水平中介变量,刻画了提高监管资本要求对银行信贷影响的传导途径;模拟了提高监管资本要求后信贷投放的变化情况。主要结论为:提高监管资本要求在一段时间内将减缓信贷增长。考虑到信贷投放促进经济增长的目的,提升幅度需适中。
After recent financial crisis, international financial regulatory institutions put forward countercyclical regulatory capital proposals in the macroprudential framework, requiring increasing regulatory capital requirement when systematic risk arises such as a period of excess credit growth. In order to study the influence of this policy on bank lending, based on panel data of Chinese banks in the year 2007-2011, this paper studies the relationship between capital ratio and credit growth; sets an intervening variable capital adequacy level, describes the influence transmission mechanism of increasing regulatory capital requirement to bank credit; and simulates the influence of increasing regulatory capital requirement on credit growth. The main conclusion is that increasing regulatory capital requirement will slow down the credit growth in a period of time. In consideration of the aim of economic growth, the increasing extent should be appropriate.
出处
《管理评论》
CSSCI
北大核心
2013年第6期11-18,94,共9页
Management Review
基金
国家自然科学基金项目(71003100)
国家自然科学基金青年项目(71203247)
教育部人文社会科学研究青年基金项目(11YJC790015)
中国人民大学科学研究基金项目(11XNK027)
关键词
资本监管
资本充足率
信贷增长
宏观审慎
逆周期
capital regulation, capital adequacy ratio, credit growth, macroprudential, countercyclical
