Research On The Impact Of Shadow Banking On The Stability Of Commercial Bank System In China

After the outbreak of the global financial crisis in 2008,shadow banking,as an important cause of the financial crisis,began to enter people’s horizons,and became the focus of scholars from all walks of life.In recent years,with the continuous liberalization of financial supervision and the continuous improvement of the degree of financial liberalization,China’s shadow banks have also developed rapidly and become an important part of the financial market.In essence,shadow banking is a derivative credit relationship and a credit intermediary system which is separated from regulation.At present,as two indispensable components of financial market,shadow banks and commercial banks in China are complementary,interdependent,competitive and growing together.Therefore,the development of shadow banking is bound to have a certain impact on our traditional commercial bank system.Therefore,it is of great significance to study the impact of the development of shadow banking on the stability of the commercial bank system in China,the traditional commercial bank system and the orderly operation of the entire financial market.Based on the theoretical analysis of the stability of the shadow banking and commercial banking system in China,this paper measures the size of the shadow banking system in China by referring to the research results of relevant scholars,and then uses the "mapping scoring method" to measure the stability of the traditional commercial banking system in China,which provides relevant data for the stage of empirical research in this paper.In the empirical part,this paper uses Granger causality test,impulse response function analysis and other methods to analyze the impact of the size of shadow banks on the stability of the commercial bank system.Through the research,we find the following conclusions:(1)The scale of shadow banking in China is expanding rapidly;(2)China’s shadow banking is in the stage of rational development;(3)The stability of China’s commercial banking system is increasing;(4)The development of China’s shadow banking has a significant role in promoting the stability of the commercial banking system.