The Impact Of The Central Bank's Monetary Policy On The Risk Of Bank Credit

This paper studies bank credit risk from the perspective of monetary policy and interest rate marketization.This paper studies the link between monetary policy and banking credit risk,and then by adding the variables of interest rate liberalization,to explore the relationship between monetary policy and banking credit risk whether changes,at the same time explore market-oriented interest rate whether to affect the bank credit risk.In this paper,the measurement method of interest rate marketization is divided into three aspects,which are measured by the interest rate marketization and interest rate liberalization.Secondly,on the basis of the theory,this article is based on 137 Banks in 2011-2016 data to carry on the empirical analysis,trying to relatively comprehensive analysis of interest rate marketization,monetary policy and bank credit risk of the link between them.Through the empirical results show that:(1)the sample period,our country banking goods without the so-called bank credit risk bearing channel of monetary policy,namely the loose monetary policy will not increase the risk of bank,instead of loose monetary policy to reduce bank credit risk.In addition,this structure also indicates that there is no valuation effect and chasing benefit effect in China's Banks;(2)in the sample period,the marketization of interest rate and loan interest rate in China has influenced bank credit risk through monetary policy;(3)the last interest rate marketization index as an overall measure of interest rate liberalization,found the marketization of interest rate will make the effect of monetary policy on bank credit risk is more obvious,at the same time,the higher the degree of marketization of interest rate,the higher the bank's credit risk.Finally combining the results of the analysis,monetary policy,consider the background of interest rate marketization,relevant policies and Suggestions,to prevent bank credit risk accumulation,for financial stability and economic growth in China to provide a good monetary conditions.