论我国银行不良资产对货币政策有效性的影响

The Influence of the Bad Finance Assets on Effects of Monetary Policy

目前关于我国银行不良资产问题,人们更多是从金融风险角度来讨论其成因及化解等问题,而对于银行不良资产对货币政策有效性的影响则缺乏深入研究。从宏观经济总量角度看,我国银行不良资产的存在使市场化改革中的商业银行经营行为发生了变异,相应使商业银行作为主要传导中介的货币政策的实施效果受到严重影响和弱化。提高我国货币政策的有效性,强化宏观金融的调控效率,应充分考虑巨额银行不良资产所产生的消极影响,并采取相应的对策。

The commercial banks are the most important tools for carrying out government's monetary policy in China.However,the huge amount of bad finance assets has changed the behaviors of commercial banks which are undergoing reform in the finance system.This paper analyzes the influence of the bad finance assets on the effects of monetary policy and put forward some suggestions on the ways of improving the effects of monetary policy in China.