Banks' Liquidity Buffers and the Role of Liquidity Regulation

被引：31

作者：

Bonner, Clemens ^{[1
,2
]}

van Lelyveld, Iman ^{[1
]}

Zymek, Robert ^{[3
]}

机构：

[1] De Nederlandsche Bank, NL-1000 AB Amsterdam, Netherlands

[2] Tilburg Univ, NL-5000 LE Tilburg, Netherlands

[3] Univ Edinburgh, Sch Econ, Edinburgh EH8 9JT, Midlothian, Scotland

来源：

JOURNAL OF FINANCIAL SERVICES RESEARCH | 2015年 / 48卷 / 03期

关键词：

Liquidity; Financial regulation; Disclosure; Banks; DEPOSIT INSURANCE; CREDIT CRUNCH; PANEL-DATA; DISCLOSURE; DEFAULT; MODELS; FIRM;

D O I：

10.1007/s10693-014-0207-5

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We assess the determinants of banks' liquidity holdings using data for nearly 7000 banks from 25 OECD countries. We highlight the role of several bank-specific, institutional and policy variables in shaping banks' liquidity risk management. Our main question is whether liquidity regulation neutralizes banks' incentives to hold liquid assets. Without liquidity regulation, the determinants of banks' liquidity buffers are a combination of bank-specific and country-specific variables. While most incentives are neutralized by liquidity regulation, a bank's disclosure requirements remain important. The complementarity of disclosure and liquidity requirements provides a strong rationale for considering them jointly in the design of regulation.

引用

页码：215 / 234

页数：20

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