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本文研究在中国贷款利率管制不断放松的情况下,法定存款准备金率的变动对商业银行贷款行为的影响是否发生变化。我们首先从理论上证明由于贷款利率下限的存在,银行对于低风险企业的贷款能够获得超额回报,因此当法定存款准备金率上调时,银行更倾向于缩减基准利率上浮贷款。但随着利率管制的放松,银行对于低风险企业的贷款的超额回报会缩小,银行对于高风险企业的偏好会增加。本文的实证研究结果符合理论预期。我们的结果表明,放松利率管制能够降低中小企业获得贷款的难度,但银行的收益会下降。
Abstract：This paper examines the impact of reserve requirement on the structure of bank loan when the lending rate is deregulated in China.We first prove in theory that due to the existence of lending interest rate floors,banks can obtain excess return from lending to low risk firms,Therefore banks are more likely to cut loans above the prime lending rate when the reserve requirement rises.But the banks' excess return from low risk firms deteriorates with the deregulation on lending rate.The empirical results are consistent with the theory.Our results indicate that lending rate deregulation can make it less difficult for the small and medium-sized enterprises to get financed through bank loans,but will reduce bank profits.
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基本信息:
DOI：10.16513/j.cnki.cje.20160328.001
中图分类号:F822.0;F832.33
引用信息:
[1]李瑞鹏,何平,朱婕.放松贷款利率管制与商业银行贷款效率[J].经济学报,2016,3(01):52-82.DOI:10.16513/j.cnki.cje.20160328.001.
2016-03-28
2016-03-28
2016-03-28