中国银行业结构特征对银行信贷渠道的影响

Research on Effects of Banking Structure on Bank Lending Channel of China

选取中国57家商业银行1998—2010年的面板数据,建立动态面板模型,运用广义矩估计方法就中国银行业结构特征对货币政策银行信贷渠道的影响进行实证检验,着重考察中国银行业资本充足率、资本规模和流动性等结构特征对货币政策银行信贷传导渠道的影响效应。研究表明:在这三个结构特征指标中,资本充足率对货币政策传导的有着显著且最强烈的影响,其次为规模特征,最后是流动性。同时发现在资本管制下的外资银行并没有表现出与中资银行在货币政策传导效果上的差异。

This paper examines the effects of banking structure on bank lending channel of china through GMM Method and a dynamic panel model,which applied to banking data of 57 commercial banks in China from 1998-2010.We focus on the effects from Capital Adequacy Ratio,Liquidity and Size of China banks,which are characterizing Banking structure.The result shows that the Capital Adequacy Ratio has the strongest effects on bank lending channel,followed by Size of bank,and the last one is Liquidity.Meanwhile,there is no significant different impact on bank lending between host bank and foreign banks in China.