3693 
3990经济政策的频繁变动，将对银行微观经营环境产生负面作用，进而影响银行发展资产证券化的动机。文章基于经济政策不确定性—银行微观行为变化—资产证券化发展的关联链条，考察经济政策不确定性对银行资产证券化发展的影响。研究发现：经济政策不确定性上升显著促进了银行资产证券化发展。进一步探讨该正向影响的内在机理后发现，经济政策不确定性对银行期限错配、风险承担及盈利水平等产生的负面影响，是推动银行发展资产证券化的重要动机，说明银行发展资产证券化的主要目的在于缓解政策频繁调整带来的负向冲击。文章为科学制定资产证券化发展策略，以及在新冠肺炎疫情导致政策频繁调整的背景下，通过资产证券化的发展来稳定银行行为提供了有益启示。
经济政策不确定性与银行资产证券化
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参考文献
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引用本文
李佳. 经济政策不确定性与银行资产证券化[J]. 上海财经大学学报, 2020, 22(4): 64-82.
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