Monetary policy uncertainty, market structure and bank risk-taking: Evidence from China

被引：7
|
作者：
Ge, Xinyu [1 ]
Liu, Yan [2 ,3 ]
Zhuang, Jiali [1 ]
机构：
[1] Soochow Univ, Business Sch, Suzhou 215021, Jiangsu, Peoples R China
[2] Wuhan Univ, Ctr Econ Dev Res, Wuhan 430072, Hubei, Peoples R China
[3] Wuhan Univ, Econ & Management Sch, Wuhan 430072, Hubei, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 52卷
关键词：
Monetary policy uncertainty; Market structure; Bank risk -taking; Regional heterogeneity;
D O I：
10.1016/j.frl.2022.103599
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We identify the impact of monetary policy uncertainty (MPU) on bank risk-taking by exploiting the regional heterogeneity of bank market structure in China. Our findings show that a bank facing more competition will take more risks following an increase in MPU, compared with a bank facing less competition, thus confirm a positive impact of MPU on bank risk-taking. In addition, we find that MPU positively affects bank risk-taking by deteriorating its profitability and balance sheet. These findings suggest that the central bank can alleviate bank risks by enhancing the transparency of monetary policy.
引用
收藏
页数：8
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