Research On The Impact Of Interbank Certificate Of Deposit Issuance On The Liquidity Risk Of Commercial Banks

Commercial banks play a leading role in the system of financial institutions and play a role in adjusting the surplus and shortage of funds and realizing the allocation of resources in economic life.Liquidity is one of the three principles of the operation and management of commercial banks.An effective liquidity risk management system can ensure the smooth operation of banks,smoothly implement their own development strategies such as operation,expansion and growth,and maintain the overall stability of the financial system.In recent years,China’s interbank market has developed rapidly.The convenient interbank financing channels have changed the structure of commercial banks’ assets and liabilities.The expansion of interbank business and the maturity mismatch of interbank assets and liabilities mean the accumulation of liquidity,which also poses new challenges to the regulatory authorities and commercial banks’ own liquidity management.By combing the relevant theories of liquidity risk and interbank business,combining with the data of China’s banking industry,this thesis analyzes the current situation of China’s commercial banks’liquidity risk,the current situation of interbank deposit certificates and the situation of liquidity stratification,and discusses the impact path of interbank deposit certificates on China’s liquidity risk.Based on the public data of listed commercial banks from 2014 to 2021,the empirical analysis was carried out on large state-owned banks,joint-stock banks and small and medium-sized banks.The analysis results found that the success rate and interest rate of inter-bank certificates of deposit had a significant impact on the liquidity of banks,and the impact of the three types of banks was different.Based on the results of the proof and the relevant policies of China,it is suggested that commercial banks should,on the premise of maintaining reasonable liquidity,continuously improve the liquidity management level by expanding financing means and improving the management system,and perform their respective functions in the financial market.For example,small and medium-sized banks should return to traditional credit business,and third,make good use of inter-bank financing channels to give full play to the function of serving the real economy.