财经论丛
財經論叢
재경론총
COLLECTED ESSAYS ON FINANCE AND ECONOMICS
2014年
7期
90-97
,共8页
净利差%政府管制%利率市场化%双边随机前沿
淨利差%政府管製%利率市場化%雙邊隨機前沿
정리차%정부관제%리솔시장화%쌍변수궤전연
net interest margin%government regulation%interest rate liberalization%Two-tier Stochastic Frontier Model
中国的利率受管制和市场化两股力量决定，这两种力量对于不同类型的银行有着不同的影响。本文利用kumbhaka ＆ Parmeter （2009）提出的双边随机前沿模型，实证分析了政府管制和利率市场化对我国商业银行净利差的影响。结果表明：（1）我国商业银行净利差处于低位运行状态。（2）相对于利率市场化，我国的商业银行净利差受政府管制的影响更为明显。（3）政府管制和利率市场化对地方性银行净利差的影响均要大于对全国性银行的影响。我们建议在实施利率市场化的过程中，对不同类别的银行应当差别化对待。
中國的利率受管製和市場化兩股力量決定，這兩種力量對于不同類型的銀行有著不同的影響。本文利用kumbhaka ＆ Parmeter （2009）提齣的雙邊隨機前沿模型，實證分析瞭政府管製和利率市場化對我國商業銀行淨利差的影響。結果錶明：（1）我國商業銀行淨利差處于低位運行狀態。（2）相對于利率市場化，我國的商業銀行淨利差受政府管製的影響更為明顯。（3）政府管製和利率市場化對地方性銀行淨利差的影響均要大于對全國性銀行的影響。我們建議在實施利率市場化的過程中，對不同類彆的銀行應噹差彆化對待。
중국적리솔수관제화시장화량고역량결정，저량충역량대우불동류형적은행유착불동적영향。본문이용kumbhaka ＆ Parmeter （2009）제출적쌍변수궤전연모형，실증분석료정부관제화리솔시장화대아국상업은행정리차적영향。결과표명：（1）아국상업은행정리차처우저위운행상태。（2）상대우리솔시장화，아국적상업은행정리차수정부관제적영향경위명현。（3）정부관제화리솔시장화대지방성은행정리차적영향균요대우대전국성은행적영향。아문건의재실시리솔시장화적과정중，대불동유별적은행응당차별화대대。
China's interest rate is determined by the two forces of government regulation and market liberalization , which have varied effects on different banks .Using the Two-tier Stochastic Frontier Model proposed by Kumbhaka & Parmeter (2009), the paper studies the respective influence of government regulation and interest rates liberalization on the net interest margin of commercial banks in China .The results show that:(1) interest margins in commercial banks are operating at low level;(2) government regulation has greater effect on interest margins than interest rates liberalization ;(3) compared with national banks , local banks are more vulnerable to government regulation and interest rates liberalization .The paper suggests that during the implementation of interest rates liberalization , differentiated treatments should be applied to banks of different categories .
