CAJ | 학술논문

本文根据大样本银行数据，从分行和分省的角度系统讨论了影响地区存贷比的形成因素。研究发现，存贷比内生于地区经济发展，其地区差异是该地区经济发展阶段的特有反映（包括经济因素、政治因素、法律因素以及政策因素等），并不能以此衡量金融对当地经济的支持力度。因此，在改进金融对实体经济的支持时，地方政府应减少对存贷比指标的直接干预。对金融支持实体经济的理解上，既要符合地区经济发展的结构性特征，又要考虑银行风险承受能力，核心是信贷资源得到有效配置，只有在信贷资源得到有效配置的基础上，才能实现物价稳定和金融体系稳定。本文结论也有利于加深对财政和金融之间的关系以及金融生态环境建设的认识。
본문근거대양본은행수거，종분행화분성적각도계통토론료영향지구존대비적형성인소。연구발현，존대비내생우지구경제발전，기지구차이시해지구경제발전계단적특유반영（포괄경제인소、정치인소、법률인소이급정책인소등），병불능이차형량금융대당지경제적지지력도。인차，재개진금융대실체경제적지지시，지방정부응감소대존대비지표적직접간예。대금융지지실체경제적리해상，기요부합지구경제발전적결구성특정，우요고필은행풍험승수능력，핵심시신대자원득도유효배치，지유재신대자원득도유효배치적기출상，재능실현물개은정화금융체계은정。본문결론야유리우가심대재정화금융지간적관계이급금융생태배경건설적인식。
This paper studies the factors that affect the loantodeposit ratio across regions using a unique data set that covers various branches of Chinese commercial banks. We find that the loantodeposit ratio is endoge nously determined by the economic development of a region and it reflects certain characteristics of the develop ment stage of the region including economic indicators, political factors, legal features, policies and etc. It should not be used as an indicator of how effective the financial system supports the local economic develop ment. Therefore, Local government should reduce the intervention about the loantodeposit ratio when trying to improve the effectiveness of using financial policy to support real economy. Alternatively, we should focus more on the economic characteristics of regional development and the ability of risktaking by the commercial banks. The policy target of low inflation and the stability of financial system can only be achieved if the loan resources have been allocated efficiently. Our conclusions also have significant implications on the relation between the fiscal system and the financial system and the construction of a financial ecological environment.