商业银行同业业务超常扩张对金融稳定的影响——基于15家商业银行的实证分析

The Impacts of Extraordinary Expansion of Commercial Banks' Interbank Business on Financial Stability——An Empirical Analysis Based on 15 Commercial Banks

本文运用中国15家商业银行2009~2013年度的数据分析中国商业银行近年来同业业务超常规发展的影响因素,结果表明,商业银行发展同业业务是金融管制下的必然选择,资本充足率监管、利率管制放松、存贷比监管和资产质量考核是商业银行同业业务发展的重要原因。金融管制和金融创新互为因果,促成了中国商业银行同业业务的快速发展。

This paper uses the data of Chinese 15 commercial banks during 2009-2013 to analyze the factors to influence the extraordinary expansion of Chinese commercial banks' interbank business in recent years. The results show that it's an inevitable choice for commercial banks to develop interbank business in the period of financial regulation; the capital adequacy ratio regulation, interest rate deregulation, loan-ratio regulation and asset quality assessment are important reasons why commercial banks develop interbank business. There is a mutual causality between financial regulation and financial innovation, which results in the rapid development of Chinese commercial banks' interbank business.