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| 文章编号：1672-3104(2019)04-0108-08 |
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双重监管下的银行流动性创造研究——基于中国银行业的实证 |
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代军勋1，郭雅文1，李杨子2 |
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（1. 武汉大学经济与管理学院，湖北武汉，430072；
2. 中南财经政法大学会计学院，湖北武汉，430064） |
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| 摘 要： 利用中国银行业数据，采用系统GMM方法实证研究了资本约束、流动性约束以及它们的交互作用对中国商业银行流动性创造的影响。研究结果表明：资本约束加速了银行流动性创造；流动性约束对银行流动性创造增速的影响则具有异质性，不同银行展现出了流动性约束对其流动性创造的不同影响；流动性约束间接作用于资本约束，抑制了由银行资本约束带来的银行流动性创造的过快增长。为了让银行监管政策更好地发挥效力，应充分考虑各类监管约束的交互影响，并对不同银行实施差异化的监管待遇。 |
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| 关键词： 流动性创造；银行监管；资本约束；流动性约束 |
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Bank liquidity creation behavior under dual supervision: An empirical study based on the Chinese banking industry |
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DAI Junxun1, GUO Yawen1, LI Yangzi2 |
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（1. School of Economics and Management, Wuhan University, Wuhan 430072, China;
2. School of Accounting, Zhongnan University of Economics and Law, Wuhan 430064, China） |
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| Abstract: By using Chinese banking data and GMM method, the present essay empirically studies the impact of capital constraints, liquidity constraints and their interactions on the liquidity creation of Chinese commercial banks. The results show that capital constraints accelerate the creation of bank liquidity; but the impact of liquidity constraints on bank liquidity creation is heterogeneous, with different banks showing different influences of liquidity constraints on their liquidity creation, and that liquidity constraints act on capital constraints indirectly, inhibiting the excessive growth of bank liquidity created by bank capital constraints. In order to make bank supervision policy work better, we should fully consider the interaction of various regulatory constraints and implement differentiated regulatory treatment for different banks. |
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Key words: liquidity creation; bank regulation; capital constraint; liquidity constraint |
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