An Empirical Study On The Impact Of Monetary Policy On The Risk Bearing Capacity Of Commercial Banks

It is generally believed that the outbreak of the global economic crisis in 2008 was caused by the low interest rate and monetary expansion.In our country,the expansionary monetary policy has been carried out,and the transmission of monetary policy in our country is transmitted through the bank to every corner of the financial market.In the expansion of the monetary policy background,what is the impact on the bank's risk tolerance,has been the academic topic of discussion,there is debate,this paper on the basis of the existing research focuses on empirical analysis.In this paper,the author first analyzes the monetary policy to the bank risk.The analysis is mainly carried out from two aspects:first,the traditional monetary policy transmission mechanism,and the other is the risk taking theory of the Bank of China(two).08 years before the economic crisis,mainly the traditional monetary policy transmission mechanism,the traditional monetary policy transmission mechanism that:in the process of monetary policy transmission,the bank is only an intermediary role,does not assume currency risk.However,in the 08 years of economic crisis,the collapse of the banking industry and hosting,and other phenomena can not be explained by the traditional theory.However,the theory of bank risk assumes that the bank is the ultimate undertaker of the risk in the process of monetary policy transmission.In order to verify the above viewpoints,this paper makes an empirical analysis.This paper mainly studies two aspects:the heterogeneity and symmetry of monetary policy on bank risk.Heterogeneity study,through data,analysis of different banks affected by monetary policy.Mainly depends on the bank's asset size and capital adequacy ratio.Symmetry refers to the extent to which the loose or tight monetary policy affects the bank's risk.Tighter monetary policy will have a greater impact on the bank's risk appetite.Through the dynamic panel model of first-order differential GMM for data processing,the final results show that the risk of banks have heterogeneous characteristics,depends on the scale of bank assets and capital adequacy ratio has positive correlation with the scale of assets and capital adequacy ratio;the risk of bank bear force on the performance of monetary policy with non symmetry,the influence degree of tight monetary policy to take the risk of the bank is greater.According to the results of the study,from the point of view of bank regulators,in different currency cycles,in particular,the bank credit standards and off balance sheet business dynamic regulation.Also on the bank's asset size,capital adequacy ratio and risk preferences and other indicators of dynamic regulation.At the same time,the bank itself should be a scientific and effective management of their own risk,according to the expectations of monetary policy,appropriate adjustments to the business plan to manage risk.