The Impact Of China's Monetary Policy On The Liquidity Of Joint Stock Commercial Banks

In recent years,with the continuous development of China's economic and trade,foreign exchange increase rapidly,in order to deal with excess liquidity in the market,China's central bank has adopted a series of monetary policy measures to hedge the liquidity.The commercial bank,as the most important part of the financial system,which liquidity can be influenced by the central bank's monetary policy,so the research of commercial banks liquidity,especially joint-stock commercial Banks liquidity,is necessary.In this paper,the first two parts are introduction and literature review;the third part is the theory analysis part,this paper introduces the connotation of the commercial bank liquidity and a variety of measures,and it introduces the monetary policy tools,monetary policy target;the last part is the relationship between monetary policy adjustment and the analysis of the commercial bank liquidity.Then in this paper,impulsing response function of monetary policy on the influence of joint-equity commercial banks' liquidity by the test of unit root,cointegration and granger causality,has carried on the empirical analysis,this paper also puts forward the corresponding policy recommendations.