An Empirical Study of Third Party Payment Effect on Large-scale Commercial Banks' Liquidity——From the Perspective of Liquidity Preference Motivation

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An Empirical Study of Third Party Payment Effect on Large-scale Commercial Banks' Liquidity——From the Perspective of Liquidity Preference Motivation

LI Shujin, CHEN Ying

School of Economics, Hangzhou Dianzi University, Hangzhou 310018, China

Received:2016-03-30 Online:2017-12-10 Published:2017-12-10

第三方支付对大型商业银行流动性影响实证研究——基于流动性偏好动机视角

李淑锦,陈莹

杭州电子科技大学经济学院,浙江杭州 310018

作者简介:李淑锦(1967-),女,山西原平人,杭州电子科技大学经济学院教授;陈莹(1992-),女,山东临沂人,杭州电子科技大学经济学院硕士生。
基金资助:
国家社会科学基金资助项目(17BJY233);浙江省智慧城市区域协同创新中心项目(ZXZH1401009);杭州电子科技大学研究生科研创新基金项目(CXJJ2016002)

Abstract

Abstract:

The quick development of third party payment has remarkable effects on traditional finance theories, and especially obvious impact on large-scale commercial banks. From the perspective of third party payment, this paper, based on Keynesian monetary demand theory, selects the relevant data and variables to establish a model to examine the correlation between third party payment and large-scale commercial banks’ liquidity demand. Results show that the development of third party payment will reduce transaction and liquidity demands for cash reserve of commercial banks, increase the demand for legal deposit reserve of liquidity preventive requirements, and reduce the demand for speculative liquidity as well.

Key words: Third Party Internet Payment, Liquidity Demands, Granger Causality Test

摘要：

基于凯恩斯货币需求理论,选取第三方支付与存款准备金制度相关的变量,构建模型,检验第三方支付对大型商业银行流动性需求的冲击。研究表明:第三方支付快速发展会减少大型商业银行满足交易性流动性需求的备付金需求,同时增加其满足预防性流动性的法定存款准备金需求,减少投机性流动性需求。

关键词: 第三方支付, 流动性需求, Granger因果检验

CLC Number:

F830.2

LI Shujin, CHEN Ying. An Empirical Study of Third Party Payment Effect on Large-scale Commercial Banks' Liquidity——From the Perspective of Liquidity Preference Motivation[J]. .

李淑锦,陈莹. 第三方支付对大型商业银行流动性影响实证研究——基于流动性偏好动机视角[J]. 财经论丛.

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