Deposit Insurance and Bank Liquidity Creation: Evidence from a Natural Experiment in China

被引：0
|
作者：
Zhou, Xiangyi [1 ]
Li, Xinyue [2 ]
Zhou, Yifan [3 ]
Kara, Alper [4 ]
机构：
[1] Xi An Jiao Tong Univ, Jinhe Ctr Econ Res, Xian, Peoples R China
[2] Xi An Jiao Tong Univ, Jinhe Ctr Econ Res, Stand Chartered Bank China Ltd, Xian, Peoples R China
[3] Univ Leicester, Sch Business, Leicester, England
[4] Brunel Univ London, Dept Econ & Finance, Uxbridge, England
来源：
JOURNAL OF FINANCIAL SERVICES RESEARCH | 2024年
关键词：
Deposit Insurance; Liquidity Creation; China; Banks; MONETARY-POLICY; FINANCIAL INTERMEDIATION; MARKET DISCIPLINE; MORAL HAZARD; RISK-TAKING; COMPETITION; OWNERSHIP; WEALTH; REFORM; US;
D O I：
10.1007/s10693-024-00431-z
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, we examine how the implementation of deposit insurance influences the impact of bank capital, excess lending, banking competition and monetary policy on liquidity creation of banks. Our examination uses China's introduction of deposit insurance in 2015 as a natural experiment. We find that deposit insurance positively reinforces the effect of capital but weakens that of monetary policy on liquidity creation. We do not find that deposit insurance has a significant influence on the effects of excess lending and competition on the liquidity creation of banks. We also show that the implementation of deposit insurance has heterogenous effects on the liquidity creation of large and small banks.
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页数：37
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