我国银行类型对货币政策传导影响机制差异化研究

Study of Impact of Bank Types on Monetary Policy Transmission in China

本文选取1993~2008年我国4家国有控股银行,3家政策性银行,10家全国性股份制商业银行数据,考察了我国不同类型银行在货币政策传导机制中的差异化作用。运用协整检验及格兰杰因果检验发现,国有控股银行在对货币政策传导至CPI的影响较为显著,而股份制商业银行对货币供给量有着显著性影响。

This paper examines the differential effects of various bank types on monetary policy transmission based on data from four states-holding banks,three policy banks and ten share-holding banks in China.Co-integration and Granger causality testing reveal that states-holding banks have significant effect on CPI which conducted by monetary policy,while share-holding banks have siganificant impact on money supply of China.