Impact of Financial Market Development, Financial Crises and Deposit Insurance on Bank Risk*

被引：1

作者：

Chang, Yiming ^{[1
,2
,3
]}

Yu, Xiangyuan ^{[4
]}

Shan, Wei ^{[5
,6
]}

Wang, Fang ^{[7
]}

Tao, Yinying ^{[8
]}

机构：

[1] Peking Univ, Sch Comp Sci, Natl Engn Lab Big Data Anal & Applicat, Beijing, Peoples R China

[2] Peking Univ, Res Ctr Computat Social Sci, Beijing, Peoples R China

[3] Peking Univ, Inst Computat Social Sci, PKU Haier Smart Home Qingdao Joint Innovat Lab, Qingdao, Peoples R China

[4] Beijing Jiaotong Univ, Sch Econ & Management, Beijing, Peoples R China

[5] Beihang Univ, Sch Econ & Management, Beijing, Peoples R China

[6] Minist Educ, Key Lab Complex Syst Anal & Management Decis, Beijing, Peoples R China

[7] Lanzhou Jiaotong Univ, Sch Econ & Management, Lanzhou, Peoples R China

[8] Zhejiang Univ Sci & Technol, Sch Design & Fash, Hangzhou, Peoples R China

来源：

PRAGUE ECONOMIC PAPERS | 2023年 / 32卷 / 01期

基金：

北京市自然科学基金; 中国国家自然科学基金;

关键词：

Financial market development; financial crisis; deposit insurance; bank risk; non-linear relationship; INITIAL PUBLIC OFFERINGS; FISCAL REACTION FUNCTION; RAPID-TRANSIT LINE; EARNINGS MANAGEMENT; INSTITUTIONAL INVESTORS; EMPIRICAL-EVIDENCE; ECONOMIC-GROWTH; DEBT SUSTAINABILITY; AGENCY PROBLEMS; METRO LINE;

D O I：

10.18267/j.pep.820

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the impact of financial market development, financial crises and deposit insurance on bank risk based on macro data of 86 countries during the period 1998-2014. The results show that banking sector development and stock market development have opposing effects on bank risk measured as bank non-performing loan ratio. The introduction of an explicit deposit insurance system plays a significant role in reducing banks' risk. However, the bank market development after the introduction of this system also increases banks' risk. The impact of financial market development and deposit insurance system on banks' risk was more significant before the 2008 financial crisis. It is found that there is a nonlinear relationship between financial market development, deposit insurance, financial crises and banks' risk. The stock market development has an asymmetric effect on banks' risk.

引用

页码：1 / 25

页数：25

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