Monetary Policy,Capital Supervision And Commercial Bank Risk-taking Research

The occurrence of the 2008 financial crisis has brought global economic growth into a stagnant state,and it still has an impact on the economy.At the same time,the effect of loose monetary policy has become the focus of discussion among scholars from all walks of life.In the long-term low interest rate environment and the relaxed liquidity environment,financial products such as securitization credits continue to innovate,and asset price bubbles continue to accumulate,which in turn leads financial institutions to bear more and more risks and trigger financial crisis.So far,scholars from all walks of life have begun to pay attention to the relationship between monetary policy and bank risk taking.In particular,in recent years,the process of global economic integration has been accelerating and financial products have continued to innovate.Financial institutions such as banks are increasingly pursuing high returns,based on their own portfolio of risk pricing and management.Coupled with the continuous strengthening of capital supervision,it not only has an impact on the bank’s asset portfolio,but also plays an increasingly important role in the monetary policy transmission mechanism.Therefore,this article will focus on the relationship between monetary policy,capital regulation and bank risk exposure.How monetary policy affects bank risk exposure and its trait impact?And under the conditions of capital supervision,how does this influence exist for banks with different micro-characteristic variables and is it heterogeneous?The empirical method adopts the more mature system GMM estimation,use Stata software regression and conducts the robustness test,and selects the non-performing loan ratio as the risk-taking variable of commercial banks.At the same time,the bank micro-variables and monetary policy indicators,which are both related and comparative,are selected to complete the model construction.The innovation is that on the basis of studying the impact of monetary policy on bank risk exposure and its heterogeneity,it also considers the impact and heterogeneity of bank risk-taking channels of monetary policy under capital supervision.And compare the impact of different types of banks to provide relevant policy recommendations.The main conclusions are obtained for the empirical results:Firstly,monetary policy can significantly affect the risk-taking level of commercial banks,and there are obvious differences in the micro-characteristics and capital adequacy of banks.;Secondly,loose monetary policy will increase the risk-taking level of commercial banks.The effect of monetary policy on the risk-taking of city commercial banks is more significant than state-owned banks and joint-stock banks;Thirdly,capital regulation can significantly reduce the risk-taking level of commercial banks under monetary policy,and there will be some differences in the impact of risk-taking on the types of banks.The binding effect on state-owned commercial banks is stronger than other types of banks.Through the summary of the main conclusions,it is expected to provide relevant policy implications for the formulation of monetary policy and capital supervision,and provide experience for the management and risk management of banks of different ownership types.