利率市场化对商业银行风险承担的影响——基于中国上市银行面板数据的实证分析

The Impact of Interest Rate Liberalization on Risk- taking of commercial Banks——An Empirical Analysis Based on the Panel Data of Chinese Listed Banks

以中国银行业为研究对象,选取了16家上市银行在2004—2014年的经营数据,运用面板数据固定效应模型,分析利率市场化对银行风险承担的影响。实证分析结果表明:在利率市场化改革进程中,我国的商业银行承担了更高的风险;在其他条件不发生变化时,经济水平的快速增长会加大银行业的风险承担水平;国家的货币政策对于银行的风险承担有正向影响,宽松的货币政策使银行不断扩大信贷规模,银行风险承担加大。

Based on China’ s banking industry, this paper select the business data of year 2004 to 2014 of the 16 listed banks,using panal data fixed effects modal,and analysis the impact of interest rate liberalization on risk taking of banks.The results show that：（1）The commercial banks take the higher risk in the processing of interest rate liberalization reform;（2）The rapid growth of the economics will increase the risk of banks when the oth-er conditions do not change;（3）The country’s monetary policy has a positive influence on the banks’ risk.When the monetary policy is loose, banks will expand the scale of credit ,which will increase the risk-taking of banks.