我国于2015年实施存款保险制度,旨在保护储户利益,防范系统性金融风险。不同于早期建立存款保险的国家,我国银行经历的是从隐性存款保险转为显性存款保险的制度变革。文章基于2006−2018年166家国内商业银行微观数据,采用双重差分等实证方法考察了存款保险制度变革对银行流动性创造的影响。研究发现,隐性存款保险转为显性存款保险后,银行风险承担下降,资产流动性、融资成本和非利息业务水平均有所上升,存款保险在提高银行稳定性的同时增加了银行的经营难度。进一步研究发现,存款保险制度变革通过上述银行微观变量对其流动性创造产生了抑制作用,不利于银行发挥金融中介作用,而且这种抑制作用随政策实施的时间而减弱。结合防范化解金融风险和鼓励金融支持实体经济发展的现实要求,文章的研究为当前存款保险制度提供了改进建议。
存款保险制度变革与银行流动性创造
摘要
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引用本文
刘莉亚, 杜通, 陈瑞华. 存款保险制度变革与银行流动性创造[J]. 财经研究, 2021, 47(1): 94-108.
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