Off-balance Sheet Business Empirical Study Of The Impact Of Monetary Policy Implementation Effect

Since 2002,our country commercial bank off-balance-sheet business is growing stronger,has had great progress on the type and scale,but followed by off-balance sheet for the issuance of bank loans in the table and the influence of the conduct of monetary policy has more and more complex.Throughout more than a decade I commercial bank off-balance-sheet business data,we found that at present,the development of the it has four characteristics: late start,the high speed,instability and risk disclosure is not completely.While Banks as an important subject of financial market financing activities,especially in the national macroeconomic regulation and control play an important role in the implementation of monetary policy,the issuance of bank loans change will affect the effectiveness of monetary policy.According to the predecessors of the existing research,based on the assumption of monetary policy under the premise of effective,through studying the impact of bank off-balance-sheet business of lending,analysis to carry out the business outside the watch on the impact of monetary policy.The methods of qualitative analysis,empirical analysis,this paper introduces the classification,the bank's off-balance sheet business in C hina first and then explains the off-balance sheet business has or has not qualitative,high-frequency variety,high opacity and leverage,etc,and then illustrates the current situation of the development of our country commercial bank's off-balance sheet business and the reasons,and based on the analysis of monetary policy transmission credit means the off-balance sheet business might affect the loan,the empirical part with the data of 24 listed Banks in our country as samples,to our country commercial bank off-balance-sheet business loans and the impact of monetary policy on the empirical analysis,the following conclusions: 1.The off-balance sheet business impact on loan growth is positive,namely the development of the off-balance sheet business expand the supply of bank loans,this may be the off-balance sheet business in our country and the development of the whole financial market phase.Rapid development of China's financial market is still in its early stages,off-balance sheet business for bank has brought enough cash flow to expand the deposits to loans increased supply.2.In tightening monetary policy implementation,off-balance-sheet activities to strengthen the policy implementation effect,but had a little effects on easing monetary policy.Together will affect the effect of monetary policy in China.Finally,from the aspect of government regulation and bank management level puts forward relevant policy Suggestions.