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商业银行在与央行博弈的过程中可以采取两类行为,即守制度行为和非制度行为。从对货币政策传导的影响看,前者常常在央行对形势发展的预期之内,而后者却是央行最“头疼”的问题。贷款的羊群行为、集中行为和寻租行为是我国信贷市场上常见的三种信贷行为。这三种信贷行为为我国的信贷制度所不容,也是弱化我国货币政策效应的主要原因之一。要消除这三种信贷行为,就要取消政府对商业银行的“父爱”关怀,改部门银行为流程银行和完善银行公司治理;要加强对商业银行的金融监管,支持其金融创新;要提高货币政策的艺术性,消弭商业银行的逆货币政策倾向。
Commercial banks can adopt two types of behaviors during the game with the central bank, that is, keep the system behavior and non-system behavior. From the influence on monetary policy transmission, the former is often within the expectation of the central bank on the development of the situation, which is the most “headache” issue of the central bank. Loan herd behavior, concentration behavior and rent-seeking behavior are the three common credit behaviors in China’s credit market. These three kinds of credit behavior are incompatible with the credit system of our country and one of the main reasons for weakening the effect of our monetary policy. To eliminate these three kinds of credit behavior, it is necessary to cancel the government’s “fatherly love” of commercial banks, to change the departmental banks as process banks and to improve the governance of the banking companies; to strengthen the financial supervision over commercial banks and support their financial innovation; The artistry of monetary policy eliminates the tendency of commercial bank’s counter-monetary policy.