摘要
自美国次贷危机爆发以来,国际金融组织和各国监管当局纷纷着力推进监管框架的改革。此次危机带有的典型的顺周期性特征使各国开始重视逆周期监管,2010年推出的巴塞尔资本协议Ⅲ也提出了逆周期资本缓冲的具体监管措施。然而,对于资本缓冲和经济周期的关系问题,国内外理论界并未达成共识。本文运用我国上市银行2005—2013年的数据对此进行了实证研究,结果发现:我国商业银行的资本缓冲具有逆周期性,但其在经济上行和下行时期的表现又有所不同,在经济下行时期,这种逆周期性表现更为明显;资本缓冲在缓解信贷的顺周期方面没有明显的作用,但资本缓冲水平较低的银行由于面临一定的压力,确实会抑制其信贷增速的过快增长。
Since the US subprime crisis was burnt out, the international organizations and na- tional regulatory authorities have been making efforts to promote the reform of the regulatory framework. The typical pro-cyclical features of the crisis make many countries begin to emphasize the importance of the counter-cyclical regulation. Basel Ⅲ proposed the specific regulatory measures of counter-cyclical capital buffer in 2010. However, the theorists have not reached a consensus a- bout the relationship between capital buffers and the economic cycle at home and abroad. This arti- cle studies the relationship by using the data of China＇s listed commercial banks from 2005 to 2013. This study discovers that China＇s commercial banks have a counter-cyclical capital buffer. While during the economic boom and recession, the counter-cyclical capital buffer has different perform- ance, and this difference is more obvious during the period of economic recession. The capital buffer does not play an important role in mitigating the pro-cyclical of the credit, but it does inhibit the lending growth of banks with lower capital.
出处
《现代财经（天津财经大学学报）》
CSSCI
北大核心
2015年第4期3-12,92,共11页
Modern Finance and Economics：Journal of Tianjin University of Finance and Economics
基金
国家自然科学基金(71473103)
教育部人文社会科学基金(10YJA790158)
关键词
资本缓冲
经济周期
信贷增速
capital buffer
economic cycle
lending growth
