利率市场化下我国商业银行贷款利率粘性的存在性研究

Research on the Existence of Lending Rate Stickiness of Chinese Commercial Banks on the Background of Interest Rate Liberalization

同商品和劳动力市场中的价格粘性一样,商业银行贷款市场也存在粘性。文章对2004年10月至2015年6月季度数据进行实证分析,发现目前我国商业银行贷款利率和货币市场利率之间存在一定的相关关系,即存在贷款利率粘性,这既从侧面反映了我国利率市场化取得了阶段性成果,也以期能够对商业银行提高经营管理能力以及货币当局加强对其调控和监督具有启示作用。

There is stickiness in the loan market of commercial banks as the same as the price stickiness of commodity and labor market. Based on the data from October 2004 to June 2015, using the model analysis, it was found that there is a certain correlation between the loan interest rate of commercial banks and the money market interest rate （R007）. That is, lending rate stickiness exists currently in our country, which not only reflects that our interest rate liberalization achieves a lot, but also contribute to improving the management of commercial banks, and regulation of monetary authorities.