Research On The Influence Of Commercial Bank's Liability Structure On Bank Liquidity

Commercial banks play an important role in the macroeconomy and act as a credit intermediary for fund surpluses and demanders.The commercial bank's own capital accounts for a relatively small proportion,mainly through debt funds to carry out other business.High debt ratio business model gives commercial banks a vulnerability.The ever-changing operating environment has also caused changes in the bank's debt structure.This change has affected the liquidity and stability of banks.Although China's commercial banks have not experienced large-scale liquidity risk events,the two “money shortages” that occurred in 2013 sounded an alarm for the liquidity management of commercial banks.In order to guard against risks,China's regulatory agencies have further improved the liquidity supervision system by continuously revising regulatory indicators.This article examines the impact of changes in bank liability structure on bank liquidity in the new macro environment.It is of great significance to rationalize the business transformation of banks' optimal debt structure and strengthen the active management of liquidity.First of all,this paper summarizes the domestic and international research on the influence of liability structure and the influence of liability structure on bank liquidity.Secondly,the current situation of the liability structure of China's commercial banks was analyzed mainly from the deposit and non-depository structures.Analyzing the current status of liquidity in commercial banks through loan-to-deposit ratio and liquidity ratio.Based on the analysis of the previous theories and the status quo,we use the 2007-2016 annual data of 29 listed commercial banks in China as a sample.Taking the proportion of current assets as current liabilities as explained variable.Taking the proportion of interbank liabilities to total liabilities and deposits as explanatory variables.Using random effects model to test the effect of non-deposit liabilities on bank liquidity.The empirical results show that the proportion of liabilities in the industry is negatively correlated with the liquidity level of commercial banks,and the greater the proportion of liabilities in the industry,the worse the liquidity status of commercial banks.