摘要
准确判断中国银行业市场竞争程度及其特点,对于把握中国银行业改革方向以及金融安全问题有着重要意义。文章首次以勒纳指数为衡量指标,运用新实证产业组织理论对中国银行业1994-2006年市场竞争程度进行研究。结果表明:中国银行业在1994年到亚洲金融危机前处于高度竞争状态,危机后到入世前市场竞争程度下降,入世后市场竞争程度有显著加强。市场竞争程度存在明显的顺经济周期特点,中国应密切关注银行信贷竞争的顺周期性以确保宏观经济的稳定运行。
The right judgment of competition level of banking industry in China and its features is essential for China＇s financial reform and financial safety. The paper makes a study on competition level of banking industry in China from 1994 to 2006 through the new industry organization theory. The results show that competition level of banking industry in China is higher from 1994 to 1997 and then declines until China＇s entry into WTO. But the competition level has an obvious trend to go up after China＇s entering WTO. Therefore, the market competition level of banking industry is featured by significant procyclicality. China should pay close attention to the procyclicality of credit competition in order to ensure the economic stability.
出处
《财经研究》
CSSCI
北大核心
2009年第3期16-26,共11页
Journal of Finance and Economics
基金
上海财经大学研究生创新基金的资助
关键词
中国银行业
市场竞争程度
勒纳指数
顺周期性
banking industry in China
market competition level
Lerner index
procyclicality
作者简介
李国栋（1980-），男，广东从化人，上海财经大学经济学院博士研究生；
惠亨玉（1982-），男，甘肃平凉人，上海甫瀚投资管理咨询有限公司；
肖俊极（1975-），男，辽宁沈阳人，上海财经大学经济学院助教授。
