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The Research on Cash Holding of Commercial Banks and Macroeconomic Uncertainty in China Based on Panel Data

LIANG Hong - bo~1,LIU Yuan - liang~2 (1.School of Banking and Finance,University of International Business and Economics, Beijing 100029,China;2.Postdoctoral Research Station,Huaxia Bank,Beijing 100005,China)  
This article investigates the impact of macroeconomic uncertainty on cash holding of commercial banks in China.A GARCH model is used to find a proxy variable of macroeconomic uncertainty.Basing on the panel data from 2000 to 2009,this article analyzes the effect of macroeconomic uncertainty on cash holding in bank industry.The result shows that macroeconomic uncertainty has significant effect on the cash holding of commercial banks.When macroeconomic uncertainty increases and economic situation is unclear,cash holding of commercial banks will significantly decrease.
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