Abstract

The paper analyzes the quarterly data of 16 listed banks of our country from 2010 to 2015 by classification and applies panel data model to study the impact of CAR (Capital Adequacy Ratio) on monetary policy transmission of our country. The result shows that bank credit channel of monetary policy exists. Large banks play a leading role in bank credit channel of monetary policy trnasmisson of our country, CAR difference makes monetary policy exert heterogeneous impact on bank sectors and the bank with higher CAR is esaily affected by monetary policy. At last, based on the research redult, the paper proposes suggestions for guaranteeing smoothness of monetary policy bank credit transmisson channel. Meanwhile, it proposes that the financial supervision of large banks shall be distinguished from that of national joint-stock banks and city commercial banks.

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