摘要
本文基于影子银行、互联网金融的视角,通过模型分析和数值模拟对利率市场化进程中商业银行的风险演变进行研究。结果表明,互联网金融增加银行风险,而影子银行对银行风险有两种不同影响渠道。在影子银行发展初期,正面影响占据主导,银行风险随影子银行规模增加而减小,在影子银行达到一定规模后,负面影响占据主导,银行风险随影子银行规模增加而增大。在对融资成本影响方面,影子银行降低经济中的融资成本,互联网金融增加融资成本,纠正存款利率管制带来的利率扭曲。为了维护金融稳定,需重视影子银行和互联网金融对银行业的冲击。
From the perspective of shadow banking and internet finance, this paper uses model and datum simulation to analyze the changes in the risks of commercial banks in the liberalization process of interest rate. The results of the paper show that internet finance increases the risks of banks, and shadow banking impacts the risks of banks by two different channels; during initial stage of the development of shadow banking, the influence is mainly positive, and the risks of banks decrease with the increase in size of shadow banking; when the size of shadow banking reaches a certain level, the influence is mainly negative, and the risks of banks rise with the increase in size of shadow banking; as to the influence on financing costs, shadow banking decreases economic financing costs, and internet finance increases the costs, which corrects the interest rate distortion caused by the control of deposit interest rate. In order to maintain financial stability, it's necessary to pay attention to the impacts of shadow banking and internet finance on banking sector.
出处
《金融论坛》
CSSCI
北大核心
2014年第8期13-19,74,共8页
Finance Forum
关键词
利率市场化
银行风险
影子银行
互联网金融
liberalization of interest rate
risk of bank
shadow banking
internet finance
