我国中央银行货币政策传导机制的扭曲与政策效果的弱化_基于商业银行成本收益视角的研.pdfVIP

2008 4 22 4( 100) ∀∀∀ 基于商业银行成本收益视角的研究 滕! 珊 (吉林大学 经济学院,长 130012) : , , , , , , : ; ; : F8220! ! ! ! : A! ! ! ! : 1001- 8409( 2008) 04- 0064- 04 T he D isto rt io n o f M o ne ta ry o licy T ransm is s io n M e cha n ism a nd the We ake n ing o f o licy E ffe c t o f Ch ina s Ce n tra lB ank ∀∀∀ Based on the erspective of Comm ercial Banks Cost- benefit TENG Shan (School of Econom ics, Jilin University, Changchun 130012) Abstra ct: This paper constructs a cost- benefitmodel of comm ercialbanks and puts out the equilibrium condition on the basis of theM axmi al rofit. Considering the risk neutral and risk aversion, it analyzes thatwhatm easure and credit actions the comm ercials banks take, wh ich explains the reason why monetary plicy has beenw eakened. In the end, itmakes some suggestions to mi prove them onetary policy transm ission mechanism. K ey w ords: commercial bank; cost- benefi;t m onetary policy ! ! : , , ; , [ 1] , , , , 1997, , , : 1998~ , 2002, #∃ , ; 2003 , [ 2] #∃ , , : 2007- 12- 11 : 滕! 珊( 1987- ), 女, 北京市人, 吉林大学经济学院金融学专业本科生, 主要研究方向为金融理论 64 2008 4 22 4( 100) ! ! , , , [ 3] , ( 2) , , , , , , , Tobin qModigliani ( 3) ,