Monetary Policy Instruments and Bank Risks in China

Zhongyuan Geng and Xue Zhai
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Zhongyuan Geng: School of Management, Harbin Institute of Technology, NanGang District, Harbin, P.R. China
Xue Zhai: School of Management, Harbin Institute of Technology, NanGang District, Harbin, P.R. China

International Journal of Asian Business and Information Management (IJABIM), 2013, vol. 4, issue 2, 57-71

Abstract: The authors use a panel data regression model to examine the effects of main monetary policy instruments on commercial bank risks in China from 1998 to 2011. The interest rate has a positive effect on bank risk while the interest rate margin, the reserve requirement ratio and open market operation have a negative effect. Among the three monetary policy instruments, the reserve requirement ratio has the greatest effect on bank risk, the interest rate (the interest rate margin) the second largest and the open market operation the weakest. Their findings provide guidance to the monetary authority and regulatory authorities in monetary policy and banking regulation in China.

Date: 2013
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