摘要
从一个特定的角度分析了中央银行对商业银行提供隐含担保的影响。研究表明,当存在系统性冲击时,中央银行对商业银行的隐含担保使得商业银行不会与存款者签订完备的存款合同,这虽然不会导致银行体系的不稳定,但是导致了以存款者福利损失衡量的效率损失。
From a specific viewpoint, this paper analyzes the impact of central bank＇s implicit guarantee on the banking industry. It shows that, when systematic liquidity shock exists, the commercial bank will not sign complete contract with depositors due to the implicit guarantee. Although the incomplete contract will not threaten the stability of banking industry, it causes efficiency loss in terms of the decline of depositors＇ welfare.
出处
《石家庄经济学院学报》
2008年第1期1-5,共5页
Journal of Shijiazhuang University of Economics
关键词
银行
效率
隐含担保
bank
efficiency
implicit guarantee
