The Influence Of Interest Rate Marketization On The Risk Taking Of Commercial Banks And Heterogeneity Analysis

With the rapid development of economy,the reform of interest rate marketization in China is also steadily advancing.As early as 1996,China first liberalized the interbank lending rate,which marked the official start of the marketization of interest rate in China.Since then,China has liberalized the upper and lower limits of loan interest rates and the floating of deposit interest rate ceilings.Especially in 2015,the central bank of China liberalized the upper limit of deposit interest rate of commercial banks and rural cooperative financial institutions,indicating that the reform of interest rate marketization in China has been basically completed.With the development of interest rate marketization,interest rate,as the basic asset price,will no longer be directly controlled by the central bank,but more by the market supply and demand.Adjust yourself.At this time,the competition of commercial banks will become more and more fierce,which will affect the asset allocation of commercial banks,and ultimately affect the risk affordability of commercial banks.At the same time,commercial banks,as an important carrier of indirect financing for enterprises and residents,play an important role in economic development and financial stability.Based on this,the analysis of the impact of interest rate marketization on the risk taking of commercial banks has become the focus of many scholars.This paper first introduces the research background and significance of the article,the literature review at home and abroad related to the risk taking of commercial banks and the marketization of interest rate,the research methods and contents,the research route and framework,as well as the possible innovation and shortcomings.Secondly,it introduces the theoretical part of the article,mainly the related concepts of risk taking and interest rate marketization of commercial banks,measurement methods and related impact mechanisms.Finally,the empirical analysis and policy recommendations of the article are mainly based on the panel data of 16 listed banks from 2006 to 2017,including benchmark model regression and heterogeneity analysis according to the types of commercial banks.In the aspect of establishing the benchmark model,this paper mainly analyzes the influence of the agent variables of interest rate marketization on the risk assumption of commercial banks under the condition of controlling the individual characteristics and macroeconomic variables that affect the risk assumption of commercial banks.In theanalysis of heterogeneity,considering the different profitability,individual competitiveness and equity nature of commercial banks,the impact of interest rate marketization on the risk burden of commercial banks will also be different.Based on these three aspects,this paper analyzes the heterogeneity.This paper has found that,with the deepening of the market of interest rate,the risk of the commercial bank of our country is strengthened,and the negative impact on the financial stability of our country.Furthermore,according to the classification standards of the three aspects,such as the profitability,the nature of the equity and the competitiveness,the bank is classified,and the degree of marketization of the interest rate is the heterogeneity of the risk of different types of banks.The stronger the profitability,the stronger the individual's ability to compete and the state-owned commercial banks,the lower the level of risk.Therefore,the market-oriented interest rate of interest rate is most of the commercial bank's instability from the poor profitability and the weak individual's competitive ability.Yes.Finally,according to the conclusions of this paper,this paper puts forward two countermeasures: first,strengthen the construction of regulatory system and carry out differential supervision;second,commercial banks strengthen their own construction and improve risk awareness.