【作者】 董华平； 干杏娣；

【Author】 DONG Huaping;GAN Xingdi;

【机构】 山东工商学院金融学院； 复旦大学经济学院；

【摘要】 本文在构建银行业结构影响货币政策银行贷款渠道传导效率的古诺模型基础之上,通过选取5家大型国有商业银行、12家股份制商业银行和105家城市商业银行从2000年至2012年共13年的非平衡面板数据,并运用个体固定效应进行实证分析,得到如下基本结论:竞争性的银行业结构有利于改善货币政策银行贷款渠道的传导效率。且采用不同的银行业结构衡量指标及对扩展的动态实证模型进行系统GMM估计保证了实证结果的稳健性。更多还原

【Abstract】 Based on the construction of Cournot model in which banking structure affects transmission efficiency of bank lending channel of monetary policy, by selecting the 5 large state-owned commercial banks, 12 joint-stock commercial banks and 105 city commercial banks, a total of 13 years of the unbalanced panel data from 2000 to 2012, and using the individual fixed effects empirical analysis, we get the following basic conclusion: the competitive banking structure is conducive to improve the transmission efficiency of bank lending channel of monetary policy. Moreover, the use of different banking structure indicators and system GMM estimation of expanded dynamic empirical model ensures the robustness of the empirical results.更多还原