CAJ | 학술논문

货币政策对银行风险的影响，是中国构筑金融宏观审慎管理框架要考虑的关键要素。2008年国际金融危机发生后，货币政策对银行风险的影响成为争论的热点和焦点。货币政策对银行风险的影响，有被动影响与主动反应两种情形，具有非线性的特征。计量经济学前沿领域的 STR 模型，在研究非线性经济行为方面表现出了优越性。现有文献基本上在线性框架下研究货币政策对银行风险的影响。阐明货币政策对银行风险非线性影响的机理和方式，构建合意的非线性 STR模型，检验货币政策对银行风险的被动影响和主动反应的数量特征，是未来可行的研究方向。
화폐정책대은행풍험적영향，시중국구축금융굉관심신관리광가요고필적관건요소。2008년국제금융위궤발생후，화폐정책대은행풍험적영향성위쟁론적열점화초점。화폐정책대은행풍험적영향，유피동영향여주동반응량충정형，구유비선성적특정。계량경제학전연영역적 STR 모형，재연구비선성경제행위방면표현출료우월성。현유문헌기본상재선성광가하연구화폐정책대은행풍험적영향。천명화폐정책대은행풍험비선성영향적궤리화방식，구건합의적비선성 STR모형，검험화폐정책대은행풍험적피동영향화주동반응적수량특정，시미래가행적연구방향。
The impact of monetary policy on bank risk is a key element that needs to be considered in building financial macro-prudential regulatory framework in China.The effects of monetary policy on bank risk have become a hot debate in the academic and practical circles since the international fi-nancial crisis in 2008.The effects of monetary policy on bank risk include the passive effects of mone-tary policy on bank risk and active responses of monetary policy to bank risk and display a non-linear characteristic.STR model,a cutting-edge area of econometrics,has advantages in the study of non-linear economic behavior.Current researches on the effects of monetary policy on bank risk are carried out basically within a linear framework.Future feasible directions of researches on the issue are to clarify the mechanisms and ways of non-linear effects of monetary policy on bank risk and to build desirable non-linear STR models to test empirically the quantitative characteristic of the passive effects and active responses of monetary policy to bank risk.