国内商业银行流动性选择的行为分析

Behavior Analysis of the Liquidity Choice of China's Commercial Banks

银行愿意用流动性资产形式保持自己投资基于如下心理因素:在一定的资产总量下,银行的流动性偏好越强,对中长期资产要求的流动性溢价水平就越高,贷款利率定价就越高。当前,商业银行持有大量流动性资产和中长期贷款的低流动性溢价并存。商业银行的流动性选择行为,受来自于央行的政策压力的影响大于来自于市场的经济压力的影响。

That the commercial bank prefers to hold the liquidity asset is based on a kind of the knowledge logic： While the gross of assets is assured, the stronger the liquidity preference of the commercial bank, the higher the premium level of liquidity what they request to mid-long term assets （is mostly loan）, as well as the higher the interest rate. It shows through the positive research that, （1） There is a paradox, that is, the great deal of liquidity assets held in the commercial banks is concurrence with the phenomenon of the low liquidity premium level of mid-long term loan, （2） The behavior choice of liquidity of the commercial banks, is not mainly dependent on the pressure of the profit pursuit, but mainly dependent on the policy pressure from the central bank.