货币政策、流动性监管压力与银行风险承担

Monetary Policy,Liquidity Regulatory Pressure and Banks’Risk-taking

本文先后进行了单位根、方差膨胀因子、差分GMM实证分析和异质性分析等检验。研究发现,扩张性货币政策会增加银行风险承担,流动性约束下的监管压力会削弱货币政策对银行风险承担的风险。异质性分析发现,相对于全国性银行,流动性监管压力对区域性银行具有更强的约束力。最后,根据以上分析,针对银行风险把控方面,本文提出相关对策建议。

This paper has successively conducted tests such as unit root,variance expansion factor,differential GMM empirical analysis and heterogeneity analysis.Studies have found that expansionary monetary policy will increase banks’risk-taking,and regulatory pressure under liquidity constraints will weaken the risk of monetary policy’s risk-taking by banks.The analysis of heterogeneity found that,compared with national banks,liquidity regulatory pressure has stronger binding force on regional banks.Finally,this article puts forward relevant countermeasures and suggestions according to analysis above and from the perspective of risk control of banks.