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Indexed by:会议论文

Date of Publication:2018-01-01

Included Journals:CPCI-SSH

Page Number:379-384

Key Words:involuntary excess reserves; risk-taking of commercial banks; monetary policy

Abstract:This paper uses the microscopic data of 16 listed commercial banks in 2005-2016 to empirically test the impact of the involuntary excess reserves on the risk-taking of commercial banks, as well as the effect of the interaction of monetary policy and involuntary excess reserves on the risk-taking of commercial banks. The results show that the involuntary excess reserves will significantly increase the risk-taking of the commercial banks, meanwhile, the involuntary excess reserves will enhance the effect of the monetary policy on the risk-taking of commercial banks.