2023年7月，金融系青年教师陈蒨博士论文Deposit insurance system, risk-adjusted premium and bank systemic risk: Evidence from China在Research in International Business and Finance第65卷101969期正式发表。Research in International Business and Finance为北京工商大学认定的经济与商科ESI A3期刊。

1 内容摘要

英文摘要：In this paper, we investigate whether and how the Deposit Insurance (DI) system and its Risk-adjusted Premium (RAP) scheme affect the systemic risk of Chinese banks. Based on bank-level panel data from 2007 to 2020 and the difference-in-differences (DID) method, we find that the establishment of the explicit DI system in China increases bank systemic risk, while the implementation of RAP alleviates this negative impact by reducing systemic risk. We further find the mechanism behind this phenomenon that bank profit acts as a mediator. We also find evidence for international heterogeneity using cross-country data and show that, as China has a longstanding implicit government guarantee, the establishment of explicit DI actually reduces the extent to which banks are protected, thus increasing bank systemic risk. Our study highlights the specificity of Chinese DI system, offers important policy implications for the design of financial safety nets in China and worldwide.

本文研究存款保险（DI）及风险差别费率制度（RAP）如何影响中国银行业的系统性风险。基于2007-2020年银行层面面板数据和双重差分（DID）法，本文发现，中国显性存款保险制度的建立增加了银行系统性风险，而风险差别费率的实施则缓解了这种负面影响。进一步的机制研究发现，银行利润发挥了中介作用。此外，本文运用跨国数据探究了国家异质性，表明由于中国长期存在隐性政府担保，显性存款保险制度的建立实际上降低了银行的保护程度，从而增加了银行的系统性风险。本研究强调了中国存款保险制度的特殊性，为中国和全球金融安全网的设计提供了重要的政策启示。

2 作者简介

陈蒨，金融系讲师、硕士生导师。博士毕业于南开大学，美国加州大学欧文分校（University of California, Irvine）联合培养博士。长期致力于金融监管、银行风险、金融科技等研究。在Research in International Business and Finance、Journal of Financial Services Research、《国际金融研究》《当代经济科学》等国内外期刊发表论文多篇，出版专著1部。主持国家自然科学基金青年项目1项、北京工商大学青年教师启动基金1项，参与横纵向课题多项。担任《金融研究》《国际金融研究》等期刊匿名审稿人，获刘鸿儒金融教育基金会鸿儒奖学金、中国国际金融学会2019年度优秀论文奖。

3 原文链接

https://www.sciencedirect.com/science/article/pii/S0275531923000958