本文選題：商業(yè)銀行流動(dòng)性 + 房地產(chǎn)價(jià)格��； 參考：《東北財(cái)經(jīng)大學(xué)》2013年碩士論文

【摘要】：商業(yè)銀行作為中國(guó)金融體系的核心,對(duì)經(jīng)濟(jì)發(fā)展、社會(huì)進(jìn)步具有重要的作用,商業(yè)銀行通過信用中介、支付中介、金融服務(wù)、信用創(chuàng)造和經(jīng)濟(jì)調(diào)節(jié)等職能,是中央銀行貨幣政策的首要傳遞者,也是現(xiàn)代社會(huì)經(jīng)濟(jì)運(yùn)轉(zhuǎn)的重要樞紐之一。房地產(chǎn)業(yè)是發(fā)展國(guó)民經(jīng)濟(jì)和改善人民生活的基礎(chǔ)產(chǎn)業(yè)之一,已經(jīng)成為國(guó)民經(jīng)濟(jì)的支柱產(chǎn)業(yè),可以改善人們的居住和生活條件,可以擴(kuò)大就業(yè),可以促進(jìn)經(jīng)濟(jì)的發(fā)展。商業(yè)銀行的流動(dòng)性,是指商業(yè)銀行的資金具有的自由流動(dòng)能力。房地產(chǎn)價(jià)格早已經(jīng)成為中國(guó)人關(guān)注的焦點(diǎn)和熱點(diǎn),能否買上房、住上房,早已成為青年人最為關(guān)心的話題。中國(guó)商業(yè)銀行流動(dòng)性對(duì)房地產(chǎn)價(jià)格有什么影響,成為一個(gè)值得思考的問題。 日本房地產(chǎn)泡沫給日本經(jīng)濟(jì)帶來了巨大的創(chuàng)傷,美國(guó)“次貸危機(jī)”演化為一場(chǎng)世界性的經(jīng)濟(jì)浩劫,雖然國(guó)家進(jìn)行過多次調(diào)控,但目前中國(guó)房?jī)r(jià)仍居高不下,房地產(chǎn)業(yè)是資金密集性行業(yè),資金來源的一個(gè)重要途徑就是金融市場(chǎng),而目前中國(guó)的金融市場(chǎng)以商業(yè)銀行為中心,因此,對(duì)中國(guó)商業(yè)銀行流動(dòng)性對(duì)房地產(chǎn)價(jià)格的影響進(jìn)行研究,具有重要的意義：不僅有利于國(guó)家引導(dǎo)商業(yè)銀行和房地產(chǎn)業(yè)健康發(fā)展,也有利于商業(yè)銀行防范流動(dòng)性風(fēng)險(xiǎn),良性運(yùn)行;更有利于房地產(chǎn)企業(yè)防范內(nèi)部風(fēng)險(xiǎn),良性發(fā)展。 為了研究中國(guó)商業(yè)銀行流動(dòng)性對(duì)房地產(chǎn)價(jià)格的影響,首先,先研究了商業(yè)銀行流動(dòng)性的相關(guān)理論,如商業(yè)銀行流動(dòng)性管理理論的演變、商業(yè)銀行流動(dòng)性的測(cè)量,又分析了房地產(chǎn)的相關(guān)理論,如房地產(chǎn)價(jià)格的影響因素、測(cè)量等；接下來,研究了商業(yè)銀行流動(dòng)性與房地產(chǎn)價(jià)格的傳導(dǎo)機(jī)制,了解了商業(yè)銀行流動(dòng)性作用于房地產(chǎn)價(jià)格的傳導(dǎo)渠道以及房地產(chǎn)價(jià)格作用于商業(yè)銀行流動(dòng)性的傳導(dǎo)渠道；然后,從中國(guó)實(shí)際情況出發(fā),考察商業(yè)銀行流動(dòng)性與房地產(chǎn)價(jià)格,了解中國(guó)房地產(chǎn)業(yè)的融資情況以及進(jìn)行中國(guó)商業(yè)銀行投入到房地產(chǎn)業(yè)的貸款分析。接下來做了實(shí)證檢驗(yàn)：把商業(yè)銀行的超額準(zhǔn)備金和庫(kù)存現(xiàn)金占總資產(chǎn)的比例,作為衡量商業(yè)銀行流動(dòng)性的指標(biāo)；用商品房銷售均價(jià),作為衡量房地產(chǎn)價(jià)格的指標(biāo)；在現(xiàn)實(shí)生活中,房地產(chǎn)價(jià)格還會(huì)受其他因素影響,尤其是經(jīng)濟(jì)發(fā)展和利率變化,借鑒其他研究方式,在模型中增加了經(jīng)濟(jì)發(fā)展指標(biāo)與市場(chǎng)利率指標(biāo)。本文選取了2006至2012的月度數(shù)據(jù)作為研究對(duì)象,在數(shù)據(jù)處理之后,進(jìn)行根平穩(wěn)性檢驗(yàn)、協(xié)整性檢驗(yàn)、格蘭杰因果檢驗(yàn)；接下來,進(jìn)行了脈沖響應(yīng)分析和方差分解。 實(shí)證結(jié)果顯示,商業(yè)銀行流動(dòng)性和房地產(chǎn)價(jià)格擁有長(zhǎng)期穩(wěn)定的關(guān)系,呈現(xiàn)明顯的相關(guān)性,商業(yè)銀行流動(dòng)性下降,房?jī)r(jià)就會(huì)上漲。商業(yè)銀行流動(dòng)性和房地產(chǎn)價(jià)格具有長(zhǎng)期穩(wěn)定的關(guān)系,其實(shí)揭示了整個(gè)貨幣市場(chǎng)的流動(dòng)性和房地產(chǎn)業(yè)的發(fā)展也具有相應(yīng)的關(guān)系,因?yàn)樯虡I(yè)銀行是中國(guó)金融體系的重要組成部分,在貨幣、資本市場(chǎng)上具有舉足輕重的地位,假如商業(yè)銀行把資金投入到市場(chǎng),那么市場(chǎng)的流動(dòng)性就會(huì)加強(qiáng),而商業(yè)銀行本身的流動(dòng)性就會(huì)減弱,商業(yè)銀行流動(dòng)性和市場(chǎng)流動(dòng)性也呈現(xiàn)明顯的相關(guān)性。最后,在理論分析、現(xiàn)實(shí)考察和實(shí)證檢驗(yàn)的基礎(chǔ)上,提出了相應(yīng)的對(duì)策建議,認(rèn)為政府應(yīng)該加強(qiáng)商業(yè)銀行流動(dòng)性的監(jiān)控、大力發(fā)展資本市場(chǎng)、規(guī)范房地產(chǎn)市場(chǎng)秩序；商業(yè)銀行應(yīng)該重視對(duì)商業(yè)銀行流動(dòng)性的監(jiān)控、加強(qiáng)房地產(chǎn)信貸管理；房地產(chǎn)企業(yè)應(yīng)該拓寬融資渠道、規(guī)范內(nèi)部管理,理性發(fā)展。
[Abstract]:Commercial banks as the core of the financial system Chinese, on economic development, plays an important role in the progress of the society, the commercial bank through the credit intermediary, the intermediary payment, financial services, credit creation and economic adjustment and other functions, is the most important transmission of monetary policy of the central bank, also is one of the important hub of modern social and economic operation of the real estate industry. Is one of the basic industry of national economic development and improving people's lives, has become a pillar industry of the national economy, improve people's living conditions, can expand employment, can promote economic development. The liquidity of commercial banks, refers to the free flow of capital has the ability of commercial banks. The real estate price has already become focus Chinese attention, can buy housing, live main rooms, has become the most concern for young people. Chinese commercial bank liquidity to the real estate price What is the effect of grid? It becomes a question worth thinking.
The Japanese real estate bubble has brought great trauma to the Japanese economy, the US subprime crisis evolved into a global economic catastrophe, although the country had many regulation, but the current China prices remained high, the real estate industry is a capital intensive industry, one of the important sources of the funds is the financial market. At present, Chinese financial market to commercial banks as the center, therefore, to study the impact of commercial bank Chinese liquidity on the price of real estate, is of great significance: not only conducive to the country to guide commercial banks and real estate industry healthy development, but also conducive to the commercial bank liquidity risk, more conducive to real operation; the real estate enterprise internal risk prevention, benign development.
In order to study the commercial bank Chinese liquidity impact on real estate prices first, first studies the relevant theories of commercial bank liquidity, such as the evolution theory of liquidity management of commercial banks, measuring the liquidity of commercial banks, and analyzes the related theories of real estate, such as the factors that affect the real estate price measurement; next, the research on the conduction mechanism of liquidity of commercial banks and real estate prices, transmission channels to understand the role of liquidity of commercial banks to the real estate price transmission channel, real estate price effect on the liquidity of commercial banks; then, starting from the actual situation of Chinese, investigate the liquidity of commercial banks and real estate prices, understand the financing Chinese situation of the real estate industry analysis and Commercial Bank China into real estate loans. Then make an empirical test: the commercial bank excess reserve and The cash to total assets ratio, as a measure of commercial bank liquidity index; the average price of commercial housing sales, as a measure of the real estate price index; in real life, real estate prices will be affected by other factors, especially the economic development and changes in interest rates, with other research methods, the index of economic development and the market interest rate index increased in the model. This paper selects the monthly data from 2006 to 2012 as the research object, in the data processing, the root stationarity test, cointegration test, Granger causality test Grainger; next, in the impulse response analysis and variance decomposition.
The empirical results show that the liquidity of commercial banks and real estate prices have a long-term stable relationship, showing a significant correlation between the liquidity of commercial banks declined, prices will rise. The liquidity of commercial banks and real estate prices have a long-term stable relationship, but also reveals the corresponding relations with the whole money market liquidity and the real estate industry, because commercial banks are an important part of the financial system in China currency, has an important status in the capital market, if commercial banks put money into the market, then the market liquidity will be strengthened, and the liquidity of commercial banks will be weakened, the liquidity of commercial bank liquidity and market correlation. Finally, in the theoretical analysis, practical investigation and empirical basis, put forward the corresponding countermeasures and suggestions that the government should strengthen the business. To monitor the liquidity of industrial banks, vigorously develop the capital market and standardize the order of the real estate market; commercial banks should attach importance to monitoring the liquidity of commercial banks and strengthen the management of real estate credit; the real estate enterprises should broaden the financing channels, standardize the internal management and develop rationally.

【學(xué)位授予單位】：東北財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832.33;F299.23

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