风险承担渠道下创新型货币政策工具对银行绩效的影响
首发时间:2020-03-20
摘要:运用中国16家上市商业银行2013-2018年的季度数据,从货币政策传导的银行风险承担渠道出发,采用固定效应GMM估计方法实证检验中国实施的创新型货币政策工具与银行风险承担及银行绩效三者间的关系。研究结果发现,创新型货币政策的银行风险承担渠道依然存在,即创新型货币政策工具的实施会显著提高银行风险承担,并进一步通过该渠道对银行绩效产生显著正向影响。据此,应当把维持金融稳定纳入货币政策目标,着重关注银行风险承担问题,建立完善的宏微观激励监管机制和抵押品评级制度以提高银行风险控制能力。
关键词: 金融学 创新型货币政策工具 风险承担渠道 银行绩效
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The Impact of Innovative Monetary Policy Tools on Bank Performance under Risk-taking Channels
Abstract:Using the quarterly data of 16 listed commercial banks in China from 2013 to 2018, this paper analyzes the relationship among innovative monetary policy tools, bank risk-taking and bank performancebased on monetary policy risk-taking channels,and the fixed-effect GMM estimation method is applied here.The results of the study found that banks\' risk-taking channels for innovative monetary policy still exist, that is, the implementation of innovative monetary policy tools will significantly increase bank\'s risk-taking and further have a significant positive impact on bank performance.Therefore, goverment shouldintegrate the maintenance of financial stability into the objectives of monetary policy, pay more attention to bank\'s risk-taking issues,establish a comprehensive macro and micro incentives supervision mechanism and collateral rating system to improve bank\'s capabilities of risk-controling.
Keywords: finance innovative monetary policy tools risk-taking channels bank performance
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风险承担渠道下创新型货币政策工具对银行绩效的影响
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