The Impact Of Interest Rate Term Structure On The Profitability Of Commercial Banks

The research on the profitability of commercial banks has been paid attention to by many scholars for many years.Based on the previous research and the topic of common concern of scholars at home and abroad in recent years,whether the monetary policy influences the bond yield curve,This impact can impact on the micro-economic entities,so as to achieve its expected policy objectives,in order to set the focus of this paper.The framework of this paper is mainly divided into six parts,the first part is the introduction,mainly introduces the research background,research significance and research content and innovation of this paper writing and the insufficiency,and the related research of domestic and foreign scholars summary;the second part defines the concept and the related theory,makes the theoretical analysis and the empirical research is more clear;the third part adopts a Dynamic Stochastic General Equilibrium model(DSGE)of the commercial bank net interest margin NIM theory analysis and dynamic simulation,draw the conclusion:at the steady state model,bond yields and short-term bank net interest margin was negatively related to the interest rate of the bonds and the term premium is positively related to the bank's net interest margin;the fourth part of a Generalized Moment estimation(GMM)Model,further to do empirical research on the term structure of interest rates on the profitability of commercial banks,points The conclusion is that the short term yield of inter bank bond and the slope of inter bank bond yield curve are negatively correlated with net interest rate and total return on assets.At the same time,the growth rate of GDP and the Shanghai Inter-Bank Offered Rate(SHIBOR)is the direction of impact on bank profitability,financial structure and bank profitability is negatively correlated,but the bank's internal management variables,asset liability ratio and the growth rate of total assets and profitability are positively related.The fifth part through the establishment of Vector Auto-Regressive(VAR)model and impulse response function to analyze the impact of monetary policy impact on interbank bond yield curve and the bank's net interest margin,the study concluded: money supply and inflation of bank bonds,short-term interest rates and the bank's net interest margin impact in a short period of time but this effect,then decreased and disappeared.The sixth part is the conclusions and policy recommendations.The innovation of this paper lies in: 1.Using DSGE model and GMM model to analyze the influence of interest rate term structure on profitability of commercial banks respectively,the results are the same as those of the same;2.The research of “Monetary policy (?) luence Bond yield (?)luence The profitability of commercial banks ”,makes the study of this paper more practical.