CAJ | 학술논문

以Baglioni(2007)模型为分析框架,将商业银行存款准备金率、资本金监管双重约束条件引入模型分析,研究了商业银行垄断竞争结构下货币政策对银行信贷渠道的传导效应,并利用15家上市商业银行的微观数据,实证检验商业银行的资产组合调整行为,发现央行货币政策能够对商业银行信贷扩张能力产生实质性影响,但银行规避政策干预的能力正在上升. 在资本充足率达标、不良贷款信贷风险、贷款成本与收益等多种因素权衡作用下,不同产权控制方式下的上市银行产生不同的放贷能力,从而影响央行货币政策传导效果.
이Baglioni(2007)모형위분석광가,장상업은행존관준비금솔、자본금감관쌍중약속조건인입모형분석,연구료상업은행롱단경쟁결구하화폐정책대은행신대거도적전도효응,병이용15가상시상업은행적미관수거,실증검험상업은행적자산조합조정행위,발현앙행화폐정책능구대상업은행신대확장능력산생실질성영향,단은행규피정책간예적능력정재상승. 재자본충족솔체표、불량대관신대풍험、대관성본여수익등다충인소권형작용하,불동산권공제방식하적상시은행산생불동적방대능력,종이영향앙행화폐정책전도효과.
Taking dual constraints of deposit reserve ratio and capital adequacy ratio into the model, this paper mainly expands Baglioni (2007) model and analyzes the conduct effect of monetary policy transmission of credit channel under monopolistic competition structure. By using the micro data of 15 listed banks, the paper examines commercial bank's capital portfolio adjustment behavior, and draws the following conclusions:the Central Bank's monetary policy has substantive influence on the commercial bank credit expansion ability, but banks' ability of circumventing policy intervention is strengthening. Under the influence of capital adequacy standards, NPL credit risk, costs and benefits of loan and so on, different property control methods of listed banks have different lending capacity, thus exerts an influence on Central Bank monetary policy transmission.