Research on the Liquidity Effect of Asset Securitization for Commercial Banks in China
Liquidity of commercial banks is the key to maintain survival and development,however in China,since the reform and opening up,commercial banks have been affected by various financial reforms,and the liquidity risks have gradually increased.Because of the lack of financial instruments in the market,it is difficult to transfer the risk out of the banking system,so the demand for new tools,such as asset-backed security(ABS),has come into being.But,ABS as an innovative business,its development is still inadequate mainly because of its low liquidity,so its liquidity effect for commercial banks is not obvious either.Thus,this paper analyzes the factors influencing the liquidity of ABS and the impacts of these factors on the liquidity effect of ABS by utilizing econometric model.And according to the results analysis,this paper concludes that the advantages of asset securitization outweigh its disadvantages,which means issuing ABS could improve the liquidity of commercial banks,and proposes relevant suggestions for the future development of ABS in China.
ABS Commercial banks Econometric model Liquidity effect
Gan Qing Liu Qiong Jiao Yueqi
School of Economics and Management,Harbin Institute of Technology(Weihai),China,264209
国际会议
大连
英文
313-320
2018-07-06（万方平台首次上网日期，不代表论文的发表时间）