Research On The Risk - Bearing Channel Of Commercial Banks In China 's Monetary Policy

The purpose of this paper is to study the monetary policy of China’s commercial banks risk impact, which means that when the theory of monetary policy changed, the commercial banks select risk in its business activities, change its business activities different asset allocation ratio.The purpose of our paper selected macroeconomic data for the period 2004-2013 and 14 commercial banks micro data for the study sample, using the system GMM empirical methods to verify the existence of monetary policy channels of commercial bank exposures; separately analyzed the bank’s internal and external environment impact on commercial bank exposures; conducted capital adequacy ratio, the size of bank assets to bear channels are influential test for heterogeneity of risk.In this paper, the following conclusions: Firstly, monetary policy and commercial bank risk-taking channel is significant negative correlation, loose monetary policy will increase the risk of the bank’s commitment level. Secondly, commercial banks microscopic features, the macro environment, market structure and other factors will also compete for the commercial banks to assume the risk of the impact of monetary policy. Thirdly, the sensitivity of different commercial banks to commercial banks bear the risk of monetary policy is different.We give following policy recommendations: Firstly, give commercial banks important position in the monetary policy transfer to make monetary policy effectively. Secondly, emphasize the monetary regulation and supervision of financial’s cooperation. Thirdly, the central bank should take heterogeneity in consideration o in the monetary policy transfer.