资本充足率会降低商业银行流动性创造吗?--基于中国商业银行的实证研究

Does Capital Adequacy Ratio Reduce the Liquidity Creation of Commercial Banks?——An Empirical Study Based on Chinese Commercial Banks

本文基于中国202家商业银行2009~2014年度财务数据,研究资本充足率与银行流动性创造之间的关系。结果发现,资本充足率越高,流动性创造越低,二者具有因果关系;进一步看,银行市场集中度越高,越能促进二者之间的负向关系。结论认为:应降低高于巴塞尔协议Ⅲ的资本充足率;降低银行集中度,促进银行竞争活力,减弱资本充足率对流动性创造的负向影响。

Based on the financial data of Chinese 202 commercial banks during 2009-2014, the author of this paper analyzes the relationship between capital adequacy ratio and bank liquidity creation. The results of the paper show that the higher the capital adequacy ratio, the lower the liquidity creation is, and the relationship is a causal one; further, the higher banking market concentration will promote the negative relationship more. The author suggests to reduce the capital adequacy ratio above the requirement of BASEL III, decrease the bank concentration, promote the bank competitiveness, decrease the negative impacts of capital adequacy ratio on liquidity creation.