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以基于贷款利率的Lerner指数衡量贷款竞争,运用固定效应估计方法和White异方差稳健标准差,对中国银行业20012012年贷款竞争与金融稳定之间的关系进行实证研究。结果表明,贷款利率上限的取消成为银行深化贷款竞争的开端,而贷款利率上限的放开对金融稳定没有直接的影响;Lerner指数与银行收入波动、银行破产风险呈正相关关系,与银行资本化水平呈负相关关系,即贷款竞争程度越强,金融体系越稳定。
Abstract：After liberating loan rate,the right judgment of relationship between banking loan- competition and financial stability is essential for China's banking reform and financial safety. This paper empirically studies the relationship between loan- competition and financial stability during 2001-2012,based on Lerner Index with loan rate. The findings highlight that: Firstly,the cancellation of loan rate ceiling becomes the beginning of deepening of banking loan- competition; Secondly,the cancellation of loan rate ceiling has no direct impact on financial stability; Thirdly,Lerner Index is positively related to bank income volatility and bank insolvency risk,but negatively associated with capital ratios, namely the higher degree of loan-competition,the more stability of financial system.
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基本信息:
DOI：
中图分类号:F832.4;F224
引用信息:
[1]唐兴国,刘艺哲.银行贷款竞争对金融稳定的影响——基于贷款利率市场化的实证研究[J].金融经济学研究,2014,29(01):100-108.
基金信息: