文档介绍：华中科技大学
硕士学位论文
我国商业银行流动性创造的测度及影响因素研究
姓名:李程彬
申请学位级别:硕士
专业:西方经济学
指导教师:钱雪松
2010-05-14
华中科技大学硕士学位论文
摘要
作为社会资金供应与需求传递的中介,商业银行能够依靠自身的资产与负债结
构创造出流动性。本文运用银行资产负债表数据来测度我国商业银行流动性创造,
具体分为以下三步:首先,将银行资产与负债划分为流动性、半流动性以及不流动
三类;其次,赋予各类资产与负债一定的权重;最后,将其加总求得银行创造的流
动性总量。本文选取了我国十家主要的商业银行作为样本,测度了 2002 年至 2008
年各银行的流动性创造量。计算表明,2008 年十家商业银行总计创造出了 14 万亿的
流动性,其中,国有商业银行流动性创造量在 7 年间增长了 140%,而股份制商业银
行增长达到了 280%。对不同类型银行的流动性创造能力的比较分析表明:股份制商
业银行的流动性创造能力强于国有商业银行。接下来,本文探讨了影响我国商业银
行流动性创造的因素。分析表明,银行资产和负债的种类以及期限结构是影响银行
流动性创造能力的主要因素。其中,资产与负债的期限错配问题是导致我国商业银
行创造过量流动性的关键。除此之外,所有者权益的增加也在一定程度上增强了银
行的流动性创造能力。最后,针对我国目前的实际情况,本文探讨了将商业银行流
动性创造指标作为货币政策中介目标的意义和可行性,并给出了调控商业银行流动
性创造的政策建议。

关键词:流动性流动性创造银行资产负债表国有商业银行
股份制商业银行

I
华中科技大学硕士学位论文
Abstract
As social capital supply and demand intermediary, commercial banks can create
liquidity by the structure of assets and liabilities. We introduce a measurement method of
liquidity creation which relies on the data of bank balance sheet. It includes a three-step
procedure. Firstly, we classify all bank assets and liabilities as liquid, semi-liquid, or
illiquid. Secondly, we assign weights to the activities classified in the first step. At last, we
construct the liquidity creation measure bining the activities. We measure the
liquidity created by 10 mercial banks in China over the 2002 to 2008 period.
Calculations show that our sample banks created over 14 trillion in 2008. The amount of
liquidity created of state-mercial bank increased by 140% and the amount of
liquidity created of joint-mercial bank increased by 280%. The analysis about
different types of bank shows the joint-mercial bank’ ability of liquidity creation
is stronger than state-mercial bank. Next, this thesis discusses the factors
which influence the ability mercial banks liquidity creation. The empirical results
show that the type of assets and liabilities and their term structures are the main
determinants of liquidity creation.