A Study On The Effects Of Credit Asset Securitization On The Liquidity Risk Of Commercial Banks In China

As economic growth slows down and financial deleveraging increases,the operating environment by commercial banks is becoming more and more complex,and the pressure on liquidity management of commercial banks increases.Liquidity risk is one of the deadliest risks,so Commercial banks' top priority is to manage and control liquidity risks.As a structured financial instrument,credit asset securitization is designed to enhance liquidity and reduce bank risks.The securitization of credit assets can help commercial banks revitalize their stock assets and improve the overall liquidity of banks by transforming less liquid loans into liquid funds through a structured design.However,some scholars believe that commercial banks use credit asset securitization to provide liquidity convenience so that they reduce commercial bank liquidity buffers,and increase risk loans to increase liquidity risk.Therefore,studying the impact of credit asset securitization on the liquidity risk of commercial banks is of great practical significance for promoting the stable operation of commercial banks.This article uses theoretical and empirical methods to explore the impact mechanism and effect of credit asset securitization business on the liquidity risk of commercial banks.First,this article systematically introduces the principles of credit asset securitization and related theories of liquidity risk.On this basis,the mechanism of the impact of credit asset securitization on the liquidity risk of commercial banks is expounded from a theoretical perspective.We Theoretically analyze how credit asset securitization affects the liquidity risk of commercial banks from both positive and negative aspects.Secondly,this paper introduces the development process and current situation of my country's credit asset securitization in detail.Thirdly,we select 21 commercial bank data to establish a panel regression model to empirically test the effect of credit asset securitization on liquidity risk,and use the substitution variable method to test the robustness.The results all show that credit asset securitization can help to enhance commercial banks that the liquidity of assets has a positive impact on reducing liquidity risk.Finally,on the basis of summarizing the foll text,this paper puts forward countermeasures and suggestions for the development of my country's credit asset securitization business,in order to promote the healthy development of credit asset securitization business and better play its positive role in reducing liquidity risk.