中国上市商业银行流动性创造、资本监管与盈利能力

Liquidity Creation, Capital Regulation and Earnings Capacity of China's On-list Commercial Banks

通过运用面板向量自回归方法对中国上市商业银行流动性创造、资本充足率与盈利水平三者之间的动态关系的实证分析表明,商业银行资本充足率水平与商业银行盈利能力呈现出显著的负相关;商业银行资本充足率水平能够在一年的范围内约束表内的流动性创造,但对表外流动性创造的约束则相对较弱;商业银行流动性创造水平与净资产收益率不存在显著关系。

Using panel-VAR, this paper studies the dynamic relationship l^etween liquidity creation, capital ratio and earnings capacity of China＇s on-list commercial banks. Empirical studies show that there exits negative relationship between capital ratio and earnings capacity;capital ratio can limit liquidity creation on the balance sheet within one year, but do little about liquidity creation off the balance sheet; liquidity creation and earnings capacity seems not impact each other.