| 摘要 | 第5-7页 |
| Abstract | 第7-8页 |
| CHAPTER 1 INTRODUCTION | 第14-34页 |
| 1.1 Introduction | 第14-15页 |
| 1.2 Impact of Monetary Policy on Bank Lending: Role of Market Structure and Bank Risk | 第15-21页 |
| 1.3 Effect of Monetary Policy on Bank Risk | 第21-27页 |
| 1.4 Risk-Competition Nexus: Evidence from Chinese Banking Industry | 第27-34页 |
| CHAPTER 2 LITERATURE REVIEW | 第34-54页 |
| 2.1 Impact of Monetary Policy on Bank Lending: Role of Market Structure and Bank Risk | 第34-45页 |
| 2.1.1 Monetary Policy Transmission: A Story from Interest Rate Channel to Bank Lending Channel | 第34-35页 |
| 2.1.2 Credit Channel of Monetary Policy Transmission | 第35页 |
| 2.1.3 How Monetary Policy affects External Finance Premium? | 第35-36页 |
| 2.1.3.1 Balance Sheet Channel | 第35-36页 |
| 2.1.3.2 Bank Lending Channel | 第36页 |
| 2.1.4 Empirical Studies and Bank Lending Channel | 第36-42页 |
| 2.1.4.1 Role of Size, Liquidity and Capitalization in Bank Lending Channel | 第37-38页 |
| 2.1.4.2 Role of Market Structure in Bank Lending Channel | 第38-41页 |
| 2.1.4.3 Role of Risk and Intuitional Characteristics in Monetary Policy Transmission and Bank Lending channel | 第41-42页 |
| 2.1.5 Composition of Chinese Banking Market and Monetary Policy Tools | 第42-45页 |
| 2.2 Effect of Monetary Policy on Bank Risk | 第45-48页 |
| 2.3 Risk-Competition Nexus | 第48-54页 |
| 2.3.1 Franchise Value Paradigm (FVP) | 第48-54页 |
| 2.3.1.1 Risk-Competition Nexus based on Theoretical Models | 第49-50页 |
| 2.3.1.2 Risk-Competition Nexus Based on Empirical Studies, Measures of Competition and Bank Risk | 第50-54页 |
| CHAPTER 3 METHODOLOGY | 第54-82页 |
| 3.1 Impact of Monetary Policy on Bank Lending: Role of Market Structure and Bank Risk | 第54-61页 |
| 3.1.1 Role of Size, Liquidity and Capitalization in Bank Lending Channel | 第54-55页 |
| 3.1.2 Role of Market Structure in Bank Lending Channel | 第55-56页 |
| 3.1.3 Role of Bank Risk in Monetary Policy Transmission and Lending Channel | 第56-59页 |
| 3.1.4 Data | 第59页 |
| 3.1.5 Estimation Method | 第59-61页 |
| 3.2 Effect of Monetary Policy on Bank Risk | 第61-68页 |
| 3.2.1 Role of Market Structure in Risk Taking Channel | 第62-63页 |
| 3.2.2 Brief Introduction of Variable Construction | 第63-66页 |
| 3.2.3 Data | 第66-67页 |
| 3.2.4 Estimation Method | 第67-68页 |
| 3.3 Risk-Competition Nexus | 第68-82页 |
| 3.3.1 Variables Construction and Discussion | 第69-73页 |
| 3.3.1.1 Independent Variable | 第71-72页 |
| 3.3.1.2 Bank Specific Control (BSC) | 第72-73页 |
| 3.3.1.3 Macro-economic Control (MEC) | 第73页 |
| 3.3.1.4 Other Variables | 第73页 |
| 3.3.2 Dealing Endogeneity and Heteroskedasticity | 第73-75页 |
| 3.3.3 Data | 第75-80页 |
| 3.3.4 Estimation in Stata | 第80-82页 |
| CHAPTER 4 RESULTS AND DISCUSSION | 第82-118页 |
| 4.1 Impact of Monetary Policy on Bank Lending: Role of Market Structure and Bank Risk | 第82-93页 |
| 4.1.1 Role of Balance Specific Characteristics (BSC) in Bank Lending Channel | 第82-85页 |
| 4.1.2 Role of Market Structure in Lending Channel | 第85-91页 |
| 4.1.3 Role of bank Risk in Bank Lending Channel | 第91-93页 |
| 4.2 Effect of Monetary Policy on Bank Risk | 第93-106页 |
| 4.2.1 Results Section A: Effect of Monetary Policy on Bank Risk | 第93-101页 |
| 4.2.1.1 Effect of Monetary Policy on Non-performing Loans (NPL) | 第93-97页 |
| 4.2.1.2 Effect of Monetary Policy on Bank Risk (Z-index) | 第97-101页 |
| 4.2.2 Section B:Role of Market Structure in Risk taking Channel of Monetary Policy Transmission | 第101-106页 |
| 4.2.2.1 Effect of monetary policy on Bank Risk: Moderating role of Market Structure | 第101-106页 |
| 4.3 Risk-Competition Nexus | 第106-118页 |
| 4.3.1 Interpretation of Market Structure (MS) and Market Structure Squared (MSS) | 第106-107页 |
| 4.3.2 Effect of Market Structure on Bank Credit Risk (NPL ratio) | 第107-110页 |
| 4.3.3 Effect of Market Structure on Bank Overall Risk (Z-index) | 第110-112页 |
| 4.3.4 Effect of Market Structure on Bank Capitalization Ratio | 第112-114页 |
| 4.3.5 Effect of Market Structure on Bank Risky Asset Ratio | 第114-118页 |
| CHAPTER 5 SUMMARY AND CONCLUSION | 第118-122页 |
| REFERENCES | 第122-137页 |
