资产价格波动、银行信贷与金融稳定被引量：16

Asset Prices Fluctuation,Bank Credit and Financial Stability

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摘要本文在全面阐述资产价格波动、银行信贷与金融稳定关系的基础上,通过建立向量误差修正模型(VECM)侧重对我国的信贷规模和资产价格波动的内在关联性进行了理论与经验分析,结果表明,在短期动态分析中,股票价格的上涨会导致银行信贷的扩张,而银行信贷的扩大又有助于股票价格的提升,且波动幅度更大。在长期的协整分析中,却不存在如此明显的关系。在此基础上,提出了对股票市场的调控要考虑银行信贷的影响,逐步完善货币机制的政策建议。

作者马亚明邵士妍

机构地区天津财经大学金融系

出处《中央财经大学学报》 CSSCI 北大核心 2012年第1期45-51,共7页 Journal of Central University of Finance & Economics

基金国家社会科学基金项目"资产价格波动与金融脆弱性的互动机制研究"(11BJY140)的阶段性成果

关键词资产价格银行信贷金融稳定

分类号 F830.39 [经济管理—金融学]

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参考文献10

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二级参考文献29

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