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  本文關(guān)鍵詞：利率市場化進(jìn)程中銀行業(yè)凈利差影響因素實證研究　出處：《東北財經(jīng)大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 利率市場化 凈利差 交易商模型

【摘要】：在傳統(tǒng)的利率管制背景下,銀行業(yè)凈利差主要由存貸利差決定,隨著利率市場化改革的推進(jìn),存貸利差管制逐漸放松,銀行業(yè)存貸款定價區(qū)間逐步擴大,這些變化將對銀行業(yè)凈利差產(chǎn)生影響,導(dǎo)致對凈利差保護的作用減弱,銀行業(yè)盈利能力承壓,將面臨更大的競爭壓力。銀行業(yè)如何面對利率市場化進(jìn)程中的各種挑戰(zhàn),形成有效的自主定價能力,以及在面對社會盡快取消存貸利差的種種呼聲和銀行業(yè)經(jīng)營模式轉(zhuǎn)型的壓力下,利率市場化改革如何推進(jìn)都成為重要問題。因此,本文研究利率市場化進(jìn)程中我國銀行業(yè)凈利差的影響因素及其變化具有重要意義。首先,凈利差是度量銀行績效的一個非常關(guān)鍵的指標(biāo),雖然銀行業(yè)務(wù)日益多樣化,但是目前息差收入仍然占比很大,因此研究凈利差的影響因素有助于銀行加強經(jīng)營管理,提升效率,提高盈利水平。其次,國外銀行業(yè)凈利差理論模型都是在利率完全市場化條件下展開的,而我國銀行業(yè)從計劃經(jīng)濟體制中走過來,雖然具有一定的利率定價自主權(quán),但并沒有獲得利率定價的完全自主權(quán),因此在傳統(tǒng)的凈利差模型中加入央行存貸利差等因素更能接近中國凈利差影響因素的實質(zhì),更符合利率市場化改革的現(xiàn)狀,更具有現(xiàn)實意義。第三,隨著我國利率市場化改革的不斷推進(jìn),只有明確了央行存貸款利率調(diào)整對銀行業(yè)凈利差的影響程度,才能最終解除對存貸款基準(zhǔn)利率的直接控制,從而有助于我國銀行業(yè)在自主權(quán)范圍內(nèi)合理地決定其銀行利差。第四,可以為利率市場化改革進(jìn)程中的重要舉措提供現(xiàn)實依據(jù),并進(jìn)一步評價我國漸進(jìn)式利率市場化改革的效果,有利于國家豐富貨幣政策工具,加強對銀行業(yè)的正確引導(dǎo)及利率市場化的進(jìn)一步深化。最后,通過研究利率市場化進(jìn)程中銀行業(yè)凈利差影響因素的變化,有助于加快銀行業(yè)經(jīng)營模式轉(zhuǎn)型,提高銀行利率定價能力和資產(chǎn)負(fù)債管理水平,進(jìn)一步推進(jìn)銀行業(yè)改革。 本文在Ho和Saunders交易商模型的基礎(chǔ)上,結(jié)合我國實際情況,對模型做了進(jìn)一步改進(jìn)和修正,加入了存貸利差、資本充足率、貨幣供給量及銀行自身經(jīng)營情況等實際變量,利用14家上市銀行1997-2012年的年度數(shù)據(jù),從銀行自身因素、中觀行業(yè)因素、宏觀經(jīng)濟環(huán)境因素三個方面,運用面板數(shù)據(jù)模型和時間分階段方法實證檢驗了利率市場化進(jìn)程中銀行業(yè)凈利差影響因素及其變化,揭示了利率市場化改革的成果和利率市場化改革對銀行業(yè)利率定價行為的影響,得出結(jié)論：除傳統(tǒng)的存貸利差因素外,我國銀行業(yè)凈利差影響因素正逐漸增加；2004年利率市場化改革前后,存貸利差的影響正在逐漸減弱,銀行規(guī)模、運營成本、風(fēng)險水平等銀行自身因素對銀行業(yè)凈利差影響逐漸增強；我國銀行業(yè)市場競爭結(jié)構(gòu)得到一定程度的改善,但利率市場化改革有待于進(jìn)一步推進(jìn)的結(jié)論。最后基于研究結(jié)論,本文從銀行業(yè)自身、政策制定和監(jiān)管角度分別給出了合理化的建議。
[Abstract]:In the traditional interest rate regulation under the background of net banking spreads is mainly determined by the savings and loan spreads, along with the reform of interest rate liberalization, deposit rate deregulation, bank deposit and loan pricing range gradually expanded, these changes will have an impact on the net interest margin of banks, leading to a weakening of the net interest margin protection, profitability the banking industry will face greater pressure, the pressure of competition. How banks face various challenges in the process of interest rate marketization, the formation of independent pricing capability effectively, and the pressure of the transformation of the management mode of various calls to cancel the deposit rate as soon as possible in the face of the society and the banking industry, how to promote the reform of interest rate marketization has become an important issue. Therefore, is important factors and changes of net interest margin of China's banking industry in this paper in the process of interest rate marketization. First, the net interest margin is a measure of bank performance One of the key indicators, although the banking business is diversified, but the current interest income is still a large proportion, so the study of the influence factors of net interest margin helps the banks to strengthen management, improve efficiency, improve profitability. Secondly, net interest margin of foreign banking model are conducted in the condition of interest rate marketization under completely however, China's banking industry from the planned economy system came in, although a certain interest rate pricing autonomy, but did not get the interest rate pricing of full autonomy, so the central bank interest rate spreads and other factors added in the net interest margin can be closer to the traditional model of real factors China net interest margin, more in line with the current interest rate market reform, has more practical significance. Third, as China's market-oriented interest rate reform, only a clear impact of bank deposit and loan interest rate adjustment on the net interest margin of banks The degree, can eventually lift the direct control of the benchmark deposit and lending rates, so as to contribute to China's banking industry in the limits of the autonomy of reasonably determine the bank spreads. Fourth, it can provide the realistic basis for an important measure of the market-oriented interest rate reform process, and further evaluation of China's gradual reform of interest rate marketization effect rich, is conducive to national monetary policy tools to further deepen and strengthen the correct guidance of the interest rate market to the banking industry. Finally, through the study of interest rate marketization process of net interest margin in the industry factors changes, help to speed up the banking business model transformation, improve the bank interest rate pricing and asset liability management level, to further promote the the reform of the banking sector.
Based on the Ho and Saunders dealer model, combined with China's actual situation, the model has been further improved and revised, joined the deposit and loan interest rate, capital adequacy ratio, the actual variables of money supply and the bank's own business situation, the 14 listed banks in 1997-2012 annual data from the bank's own factors, medium the industry factors, three aspects of the macro economic environment factor, using the panel data model and time phased method to empirically the factors and change of interest rate marketization of net interest margin in the industry, to reveal the influence of interest rate marketization reform and market-oriented reform of interest rate on bank pricing behavior and draw the conclusion: in addition to loan the spread of traditional factors, factors of net interest margin of China's banking industry is gradually increased; after 2004, market-oriented interest rate reform, influence interest spread is gradually reduced Weak, bank scale, operation cost, risk level of the bank's own factors influence on net banking spreads gradually increased; competition structure of China's banking market has improved to a certain extent, but the interest rate marketization reform needs to further promote the conclusion. Based on the research conclusions, this paper from the perspective of the bank itself, policy formulation and regulators are given reasonable suggestions.

【學(xué)位授予單位】：東北財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.33

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