發(fā)布時(shí)間：2018-07-23 17:42

【摘要】：自美國(guó)次貸危機(jī)爆發(fā)以來,國(guó)際金融組織和各國(guó)監(jiān)管當(dāng)局紛紛著力推進(jìn)監(jiān)管框架的改革。此次危機(jī)帶有的典型的順周期性特征使各國(guó)開始重視逆周期監(jiān)管,2010年推出的巴塞爾資本協(xié)議Ⅲ也提出了逆周期資本緩沖的具體監(jiān)管措施。然而,對(duì)于資本緩沖和經(jīng)濟(jì)周期的關(guān)系問題,國(guó)內(nèi)外理論界并未達(dá)成共識(shí)。本文運(yùn)用我國(guó)上市銀行2005—2013年的數(shù)據(jù)對(duì)此進(jìn)行了實(shí)證研究,結(jié)果發(fā)現(xiàn):我國(guó)商業(yè)銀行的資本緩沖具有逆周期性,但其在經(jīng)濟(jì)上行和下行時(shí)期的表現(xiàn)又有所不同,在經(jīng)濟(jì)下行時(shí)期,這種逆周期性表現(xiàn)更為明顯;資本緩沖在緩解信貸的順周期方面沒有明顯的作用,但資本緩沖水平較低的銀行由于面臨一定的壓力,確實(shí)會(huì)抑制其信貸增速的過快增長(zhǎng)。
[Abstract]:Since the outbreak of the subprime mortgage crisis in the United States, international financial organizations and national regulatory authorities have been pushing forward the reform of the regulatory framework. Because of the typical procyclicality of the crisis, countries began to attach importance to countercyclical regulation. Basel Capital Accord III, which was launched in 2010, also put forward the concrete supervision measures of countercyclical capital buffer. However, there is no consensus at home and abroad on the relationship between capital buffer and business cycle. Based on the data of Chinese listed banks from 2005 to 2013, this paper makes an empirical study. The results show that the capital buffers of Chinese commercial banks are countercyclical, but their performance in the period of economic upward and downward is different. During the economic downturn, this countercyclical performance was more pronounced; capital buffers did not play a significant role in easing the pro-cyclicality of credit, but banks with lower levels of capital buffers faced certain pressures. Indeed, it will curb the excessive growth in credit growth.
【作者單位】： 暨南大學(xué)金融研究所金融系;
【基金】：國(guó)家自然科學(xué)基金(71473103) 教育部人文社會(huì)科學(xué)基金(10YJA790158)
【分類號(hào)】：F832.33

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本文編號(hào)：2140151