Research On The Impact Of Monetary Policy To Commercial Bank's Risk-taking Behavior In China

After the financial crisis,financial regulators and economists began to pay close attention to the stability of the banking industry as a whole.Some research scholars believe that the financial crisis is caused by the long-term implementation of loose monetary policy,asset prices continue to rise,the rapid expansion of the scale of loans,which led to the risk of financial institutions continue to gather,resulting in the collapse of the entire financial market,such as stock market or bond market crash The The central bank's liquidity management aims to serve the ultimate goal of the control,in the macro need to compete with the economic growth,inflation and currency credit to match the micro-need to consider the financial market volatility,financial business innovation,fiscal revenue and expenditure changes,local government bonds distribution,financial regulation and other new regulations and other factors of the impact and disturbance.As a major reflection on the lessons of the international financial crisis in 2008,the major economies of the world are building a framework of macro-prudential policy and monetary policy to maintain monetary stability and financial stability.A favorable monetary environment contributes to the possibility of macro-prudential policy to reduce systemic financial risks.Macro-prudential policies are also conducive to effective regulation of monetary policy,complementing each other and promoting each other.Interest rate is the price of money,commercial banks are the main financial institutions operating the currency,the central bank's monetary policy control measures will inevitably have a significant impact on the risk of banking industry.Therefore,the impact of monetary policy on the level of bank risk in the process of transmission is the problem that commercial banks should pay attention to in the management and management.However,through the research results of the relevant channels of domestic and foreign related monetary policy,the bank's risk-taking behavior is lacking in the literature research of bank risk management.Most of the current banking management strategies focus on the monitoring of the bank's own micro-indicators,but ignore the role of monetary policy through the macro-monetary policy environment on the level of bank risk,and a complete banking risk-taking channels include monetary policy on bank risk The impact of the impact and the impact of changes in the number of bank loans on the impact of the number of loans in two stages,and most o f the existing scholars focus on the first phase of the study.This paper chooses the data of 14 listed banks from 2006 to 2015 as the research sample.From the empirical point of view,it is necessary to use the NPL ratio and the risk-weighted asset as the dependent variable to verify whether the monetary policy will affect the bank's risk behavior.The empirical results show that there are bank hypothesis in the mechanism of the impact of monetary policy on financial institutions,and the relevant economic variables of monetary policy and the willingness to bear the risk of the bank are obviously reversed.The bank risk exposes its credit delivery has a significant reverse impact.Finally,the paper analyzes the influence of control variables such as macroeconomic status,structural variables of banking industry and bank characteristic variables on bank risk.