计量分析结果表明,20世纪90年代的资本监管制度对商业银行贷款增长基本没有约束作用,资本充足率与贷款增长率在个别年份表现出的显著正相关是由于政策性原因造成的,并非资本约束效应。不仅如此,随着商业银行资产规模的高速扩张,但受商业银行盈利能力低下、外部资本补充渠道不畅 The results of econometric analysis show that the capital supervision system in the 1990s has basically no restraining effect on the loan growth of commercial banks. The significant positive correlation between capital adequacy ratio and loan growth rate in individual years is due to policy reasons, not capital constraint effect. Not only that, with the rapid expansion of the scale of commercial banks assets, but by the low profitability of commercial banks, poor access to external capital channels