银行体系稳定性和效率关系的模型分析

A Model-Based Analysis on the Relationship between the Stability and Efficiency of the Banking System

我国金融改革实践表明 ,银行体系的稳定是以牺牲银行效率为代价的。本文运用Gorton&Winton理论模型 ,对我国银行体系效率与稳定性关系的分析表明 ,银行倒闭是不可避免的 ,虽会带来银行体系的不稳定 ,但因银行体系效率提高而增加的福利远大于因银行倒闭而损失的福利。

The experience of financial reforms in China illustrates that the stability of banking industry is realized at the cost of sacrificing the efficiency of banking industry. This paper shows that banking closure is inevitable and the benefit is significantly larger than the correspondent loss in the case of banking closure because the efficiency is improved by the application of the Gorton-Winton Model.