摘要
以基于贷款利率的Lemer指数衡量贷款竞争，运用固定效应估计方法和white异方差稳健标准差，对中国银行业2001—2012年贷款竞争与金融稳定之间的关系进行实证研究。结果表明，贷款利率上限的取消成为银行深化贷款竞争的开端，而贷款利率上限的放开对金融稳定没有直接的影响；Lerner指数与银行收入波动、银行破产风险呈正相关关系，与银行资本化水平呈负相关关系，即贷款竞争程度越强，金融体系越稳定。
After liberating loan rate, the right judgment of relationship between bank- ing loan - competition and financial stability is essential for China＇ s banking reform and fi- nancial safety. This paper empirically studies the relationship between loan -competition and financial stability during 2001-2012, based on Lerner Index with loan rate. The find- ings highlight that： Firstly, the cancellation of loan rate ceiling becomes the beginning of deepening of banking loan - competition ; Secondly, the cancellation of loan rate ceiling has no direct impact on financial stability; Thirdly, Lerner Index is positively related to bank income volatility and bank insolvency risk, but negatively associated with capital ratios, namely the higher degree of loan-competition, the more stability of financial system.
出处
《金融经济学研究》
CSSCI
北大核心
2014年第1期100-108,共9页
Financial Economics Research
