中文摘要：

通过构建纳入利率双轨制的银行风险承担模型,考察了我国利率市场化进程对银行风险承担的影响机理,以及该影响在不同市场势力银行中的差异表现。以1996-2014年中国56家商业银行为样本的实证分析发现：贷款利率市场化会减弱银行风险承担,而存款利率市场化会加剧银行风险承担,即随着利率市场化推进,银行风险承担呈现先降低后提高的U型趋势;相对于市场势力较弱的银行,市场势力强大的商业银行对利率市场化的敏感性更强。

英文摘要：

Through introducing dual- track interest rates into bank risk- taking model, this paper analyzes the impact of interest rate liberalization on commercial banks’ risk- taking in China, and the heterogeneity effect in different market power commercial banks. Using data of 56 commercial banks from 1996 to 2014, we makes an empirical test. The results show, firstly, loan interest rate liberalization reduces banks’ risk- taking while deposit interest rate liberalization increases banks’ risk- taking. Namely, with the step of interest rate liberalization, commercial banks’ risk- taking would presents a U shape. Secondly, compared with small market power banks, the response of largemarket power commercial banksismoresensitivetotheinterest rateliberalization.