关键词: 逆周期资本监管, 监管压力, 银行信贷

Abstract:

This paper mainly studies the effect of counter-cyclical capital regulation on bank credit by constructing double difference model（DID）, which is implemented by CBRC in 2013 and can be seen as a typical "quasi-natural experiment". The results show that counter-cyclical capital regulation can not only improve loan growth of banks with greater regulatory pressure, but also decrease credit risk of these banks. Operating results of counter-cyclical capital regulation are obvious. After the implementation, because of different influences of counter-cyclical capital regulation on the risk weights, banks with greater regulatory pressure will focus more on mortgages loan, long-term loan and Personal Mortgaged loan. Our study has laid an important basis for counter-cyclical capital regulation.

Key words: Counter-cyclical Capital Regulation, Regulatory Pressure, Bank Loan