华东师范大学学报(哲学社会科学版) ›› 2002, Vol. 34 ›› Issue (6): 92-99.doi: 10.16382/j.cnki.1000-5579.2002.06.013

• 经济  金融 • 上一篇    下一篇

我国货币政策信贷传导机制弱化的原因研究

方显仓   

  • 收稿日期:2002-01-10 出版日期:2002-11-01 发布日期:2025-12-19

A Study on Causes of Weakening of Credit Transmission Mechanism of Our Monetary Policy

Xian-cang FANG   

  • Received:2002-01-10 Online:2002-11-01 Published:2025-12-19

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摘要：

通过不完全竞争条件下银行业一般均衡模型和角点均衡模型, 对我国银行经营活动过程中利润、利率等变量的决定进行分析, 可以揭示出我国货币政策信贷传导机制弱化的根源在于: 银行业垄断, 银行资产结构和私人部门融资结构不合理, 投资的利率弹性偏低, 发行国债的挤出效应, 流动性风险的存在使存贷供需失衡, 以及自由价格和自由择业环境的缺乏使分工协调困难而致使经济中短缺与过剩并存等。

关键词: 不完全竞争, 货币政策, 信贷传导机制, 弱化

Abstract:

Commercial banks monopolizing deposit and loan markets have weakened the effect on credit transmission mechanism of our expansionary monetary policy. In addition, there are some other causes: the structure of bank assets and the private financing structure are quite irrational, and investment demand is inelastic to the interest rate. These conclusions are based on an analysis of banking general equilibrium model and banking comer equilibrium model of labor division between banks and other industries in condition of incomplete competition.

Key words: incomplete competition, monetary policy, credit transmission mechanism, weakening