摘要
本文采用2007-2018年我国25家上市商业银行的年度数据为研究样本,借助Stata15.0软件,实证检验了我国货币政策银行风险承担传导路径的存在性。论文的主要观点是:我国货币政策存在商业银行风险承担传导路径,无论是数量型货币政策工具还是价格型货币政策工具,都证实宽松型的货币政策会使商业银行风险承担上升。依托实证检验结果,提出了货币政策制定及银行风险管理的相关政策建议。
The paper focuses itself on the traditional channel and the bank risk-taking channel of monetary policy. This article addresses the four major effects of the bank risk-taking channel, including income and valuation effects, income chasing effect, competition effect, amplification effect of central bank communication policy and reaction function. This article uses Stata15.0 to do the empirical study. The paper uses the annual data of 25 listed commercial banks in China from 2007 to 2018 as the research sample. The research results not only analyze the existence of the bank's risk-taking channels of China's monetary policy. Based on the empirical test results, this paper also gives away some policy suggestions on monetary policy formulation and bank risk management.
作者
胡艺雯
Yiwen Hu(School of Finance, Zhongnan University of Economics and Law, 430073, China)
