我国信贷供给的空间聚集与区域效应研究

A Research into the Spatial Concentration and Regional Effect of Credit Supply in Our Country

本文基于金融地理的视角,采用面板数据的空间计量方法,探究近年来货币政策对各省区信贷投放的不对称影响。结果显示,地理空间效应对国内区域信贷影响显著,我国区域信贷投放表现出区域聚集和地域依赖的特征。在此基础上进一步分析表明,现行货币政策的统一性形成了明显的区域差异,降低了货币政策执行的有效性;货币数量控制政策和价格控制政策,对区域信贷投放作用效果并不一样,甚至可能相互削弱、抵消,其背后是商业银行微观行为的结果。

From the perspective of financial geography, using spatial measurement method with panel data, the aothor explores the asymmetry effects of monetary policy on credit supply in each province of our country. The result shows that the geographic spatial effect has obviously affected domestic regional credit supply obviously. The regional credit supply of our country has the traits of regional concentration and regional dependence. Further analysis based on this shows that the existing uniform monetary policy has evident regional difference and reduces the execution validity of monetary policy, Monetary quantity control policy and price control policy have different effects on regional credit supply and can even weaken and counteract each other,which are the result of the micro behavior of commericial banks.