摘要
我国金融系统自1984年开始由单一结构向多元结构的演进,改变了货币政策通过银行贷款影响实际经济的作用机制。利用协整、脉冲响应函数和方差分解的计量经济学方法,对金融系统结构演进的两个时期中银行贷款渠道的传导效应进行了分析,证实无论是在金融系统的单一结构时期还是多元结构转型时期,银行贷款都在货币传导中扮演了重要的角色,而且在多元结构转型期它的传导效应有所提高。
The structure of financial system in China has evolved from a single form to multiple one since 1984, which changed the mechanism of bank lending to affect on the real economy. Cointegration, impulse response function and variance decomposition are used to analyze the transmission effect of the bank lending channel in the two periods of financial structure evolution. The empirical results show that the bank lending play a key role in the monetary transmission either in the period of single financial structure or in the period of multiple structure transition, and the transmission effect was improved in the period of multiple structure.
出处
《青岛大学学报（自然科学版）》
CAS
2009年第3期49-54,共6页
Journal of Qingdao University(Natural Science Edition)
关键词
金融系统
结构演进
银行贷款渠道
协整
脉冲响应函数
方差分解
financial system
structure evolution
bank lending channel
cointegration
impulse response function
variance decomposition
