Monetary Policy Instruments and Bank Risks in China

被引：2
作者：
Geng, Zhongyuan [1 ]
Zhai, Xue [1 ]
机构：
[1] Harbin Inst Technol, Sch Management, Harbin, Heilongjiang, Peoples R China
来源：
INTERNATIONAL JOURNAL OF ASIAN BUSINESS AND INFORMATION MANAGEMENT | 2013年 / 4卷 / 02期
基金：
中国国家自然科学基金;
关键词：
Bank Risks; Interest Rate; Interest Rate Margin; Monetary Policy; Open Market Operation; Reserve Requirement Ratio;
D O I：
10.4018/jabim.2013040105
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The authors use a panel data regression model to examine the effects of main monetary policy instruments on commercial bank risks in China from 1998 to 2011. The interest rate has a positive effect on bank risk while the interest rate margin, the reserve requirement ratio and open market operation have a negative effect. Among the three monetary policy instruments, the reserve requirement ratio has the greatest effect on bank risk, the interest rate (the interest rate margin) the second largest and the open market operation the weakest. Their findings provide guidance to the monetary authority and regulatory authorities in monetary policy and banking regulation in China.
引用
收藏
页码：57 / 71
页数：15
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