货币政策与商业银行流动性创造相关问题的文献研究

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中央财经大学学报 ›› 2018, Vol. 0 ›› Issue (6) : 37-47.

金融保险

货币政策与商业银行流动性创造相关问题的文献研究

吕守军, 徐海霞

作者信息 +

Reviews of Researches on Monetary Policy and Bank Liquidity Creation

LV Shou-jun, XU Hai-xia

Author information +

文章历史 +

摘要

近年来多次大型的金融危机印证了银行危机的核心问题就是银行体系如何创造流动性,商业银行的流动性创造是一国金融稳定与否的重要标志,也是十九大报告中提出的“守住不发生系统性金融风险的底线”的重中之重。新常态下我国货币政策的目标不仅仅为实现宏观经济的物价稳定,还包括有效调节银行体系的流动性创造来维持金融稳定,货币政策已经成为影响商业银行流动性创造的关键因素之一,由此,新时期我国金融监管改革应当注重宏观审慎监管与货币政策的相互协调问题。笔者从商业银行流动性创造的含义、机制及测量方法入手,对货币政策如何影响银行流动性创造的传导机制、银行流动性创造的影响因素、货币政策与宏观审慎监管的协调配合、银行流动性创造对实体经济的影响等问题的国内外文献进行了梳理和评述。基于此,笔者发现为了更加有效地调节与管理商业银行的流动性创造,货币当局应当针对不同类型的商业银行,运用差异化的信贷审批来实现银行间的差异化结构发展模式,最后还提出了这一问题未来发展的趋势。

Abstract

In recent years, many large-scale financial crises have proved that the core problem of banking crisis is how to create liquidity in banking system. Liquidity creation of commercial banks is an important symbol of fiancial stability. It is also the keypoint of 19th report “hold the baseline of no systemic financial risk”. Under New Normal, the goal of our monetary policy is not only to achieve macroeconomic price stability but also effectively regulate liquidity creation in the banking system to maintain financial stability. Monetary policy has become one of the key factors affecting liquidity creation in commercial banks. In the new period, our financial supervision reform should pay attention to the coordination between macro-prudential supervision and monetary policy.This article starts with the meaning, mechanism and measurement methods of liquidity creation, and reviews the related literature about how monetary policy affects the transmission mechanism of bank liquidity creation, influencing factors of bank liquidity creation, coordination of monetary policy and macro-prudential supervision, and the impact of bank liquidity creation on the real economy. On this base, we find that in order to regulate and manage the liquidity creation of commercial banks more effectively, monetary authorities should use some differentiated credit approvals to realize the development model of differentiated bank structure. Finally, we also highlight the future expansion of the problem.

导出引用

吕守军, 徐海霞. 货币政策与商业银行流动性创造相关问题的文献研究[J]. 中央财经大学学报, 2018, 0(6): 37-47

LV Shou-jun, XU Hai-xia. Reviews of Researches on Monetary Policy and Bank Liquidity Creation[J]. Journal of Central University of Finance & Economics, 2018, 0(6): 37-47

中图分类号： F831

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