银行业市场结构、利率决定和信贷风险

Banking Market,Lending Rate Decision and Credit Risk

本文利用平均移动投资技术模型分析了不同银行业市场结构下的利率决定和信贷风险,结果显示:竞争性的银行业市场结构比垄断性的银行市场结构能提供更低的贷款利率,这种较低的贷款利率会引致企业投资水平的增加,并能够降低企业因为破产而导致的信贷风险。这一分析结论对于我国的银行业改革、利率市场化和信贷风险规避都具有一定的启示。

The paper is devoted to analyzing decisions of lending rate and credit risks in different banking markets with the help of the model of mean-shifting investment technologies. The result shows that the competitive lending market could bring lower interest rates than the monopolist one and the low lending rate could lead to an increase in enterprises′ investment and reduce the credit risk resulted from enterprises′ bankrupt. This conclusion is helpful for China to carry out its banking reform, leave interest rates under the adjustment of market and hedge credit risks.