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论文类型：会议论文

发表时间：2015-01-01

收录刊物：CPCI-SSH

页面范围：117-122

关键字：Capital Constraints; Asset Allocation; Liquidity Risk

摘要：Through analyzing the correlation between capital constraints and asset allocation, the paper constructs an asset allocation model under capital constraints. Based on the Diamond and Dyvbid model, the paper introduces capital adequacy ratio and builds the banks' asset allocation model under the balanced liquidity risk management strategy. Results have shown that capital constraints is effective in influencing banks' asset allocation. The increase of capital adequacy requirements will encourage banks to favor more risky assets, especially loans, to gain a higher rate of return.