Monetary Policy Of Our Country Commercial Bank Risk Bearing Impact Study

After the outbreak of the financial crisis In 2008,experts and scholars have attributed the cause of the crisis to the low interest rate monetary policy of fed,it means that the sustained low interest rate Monetary Policy stimulates the asset bubbles and credit expansion,makes Banks and other financial institutions of the leverage ratio increase significantly,thus taking on too much risk,increase the risk of the financial system,and finally lead to the crisis.Therefore,scholars began to study how the Monetary Policy impact on the financial stability of the system,and make it as a hot spot.In this paper,we study the influence of Monetary Policy make on our country bank risk-taking,provide an important support to stabilize the financial risk.Firstly,this article presents the literatures of the Monetary Policy affect bank risk bearing at home and abroad,summarizes the difference and the similarities of the bank risk-taking channel and the traditional Monetary Policy transmission channel,and conclude four kinds of transmission mechanism of how the Monetary Policy influence bank risk-taking.Secondly,selects the bank bankruptcy risk Z values and non-performing loan ratio as variable value of metric bank risk-taking,central bank loan datum interest rate,the legal deposit reserve rate and the growth rate of M2 as the proxy variable value of Monetary Policy,selects the data in 2007-2014 of 68 commercial Banks of China as the research sample,and according to the size of bank assets divides them into large and small and medium-sized Banks.GMM estimation method is used to empirically the effect of Monetary Policy to our country bank risk-taking.Finally,the article gets conclusions:(1)Negative correlation relationship exists between Monetary Policy and our country commercial bank risk bearing,monetary policy has a significant influence on our country commercial bank risk-taking.(2)In the process of Monetary Policy affect bank risk bearing,large Banks and small and medium-sized Banks have significant difference,the big Banks are not sensitive to the reaction of monetary policy,and the small and medium-sized Banks are sensitive to the reaction of Monetary Policy.(3)Different asset size and the capital adequacy ratio of bank risk-taking have different reaction of Monetary Policy,the larger the asset size is,the higher the capital adequacy ratio is,the stronger ability to resist the effect of Monetary Policy the bank would has,and the little reaction to the changes of Monetary Policy.