Research Financial Disintermediationg’simpacy On Commercial Bank Liquidity

Liquidity,as the basis of the commercial bank operation,is of great significance to its survival and development.Compared with credit risk,market risk and operational risk,liquidity risk is more infectious and systemic,its inadequate management could even cause the collapse of the entire financial system.The banking industry,as specially protected by nation,has been supported by the national credit and credit guarantee for a very long time,which leads to the low level of risk management of C hina’s commercial banks.With the improvement of capital market,development of Internet Banking,the abundance of investment channels has greatly reduced the amount of savings deposits of commercial banks,and the variety of direct financing channels promoted a large number of funds to bypass bank intermediary institutions for direct financing.Due to the decreasing monopoly position of commercial banks and gradually weaken media function,financial disintermediation is showing a complicated and multi-layered trend,the external environment of commercial banks has changed greatly,and the liquidity is faced greater pressure.So in such an environment,the research of financial disintermediation has great theoretical and practical significance on the impact of the liquidity of commercial bank.On the one hand,there’s no systematic study of the association between the two,the research of this paper can make up the blank of relevant research,it has important theoretical significance.On the other hand,in this paper,we use the latest data to establish economic model to verify the correctness of the theoretical analysis,and provide a reference for future researchers.Based on a brand new perspective,the author use the method of literature research,data analysis chart,quantitative and qualitative,theoretical and empirical methods,combine the theory of financial disintermediation and liquidity risk,from three aspects to analyze it.First,based on the national conditions of China,redefines the financial disintermediation,and from the three aspects of China’s financial disintermediation development status,reasons and the effect of path on the liquidity risk of commercial bank,analyzes the influence in qualitative of liquidity risk.Second,select the fina ncial disintermediation of the asset side,liabilities,technical disintermediation this three indicators and liquidity ratio,long-term loans,the two indexes which represent the liquidity risk,using the vector auto-regression model respectively,using the impulse response function,variance decomposition dynamic impact empirical research on liquidity risk of financial disintermediation of our country’s commercial banks.Finally,the main conclusions of this paper included: the stronger degree of financia l disintermediation,the greater liquidity risk the commercial bank will face;and the influence of the commercial banks assets disintermediation to the liquidity risk caused by the rising of direct financing’s percentage is stronger than the liability side.O n the basis of empirical analysis,according to the commercial bank assets,liabilities,technology and risk awareness hand,we specially put forward countermeasures and suggestions to deal with the impact of financial disintermediation,which will pro mote commercial banks face the challenges of financial disintermediation,and to lay a strong foundation for our sustainable development of the financial markets.