Do efficient banks create more liquidity: international evidence

被引：17
|
作者：
Duan, Yuejiao [1 ]
Fan, Xiaoyun [1 ]
Li, Xinming [1 ]
Rong, Yuhao [1 ]
Shi, Benye [2 ]
机构：
[1] Nankai Univ, Sch Finance, 38 Tongyan Rd, Tianjin 300350, Peoples R China
[2] Jilin Univ, Sch Econ, 2699 Qianjin St, Changchun, Jilin, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2021年 / 42卷
基金：
中国国家自然科学基金;
关键词：
Banks; Efficiency; Liquidity creation; International; COST EFFICIENCY; COMPETITION; MODEL; RUNS;
D O I：
10.1016/j.frl.2020.101919
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
It is revealed in the literature that bank liquidity creation promotes growth in the real economy. From the efficiency perspective, this work analyzes another potential determinant of bank liquidity creation. We find that banks with lower efficiency create less liquidity for the public after controlling for bank-level and country-level characteristics. The results are robust for subsample tests and alternative efficiency measures. It indicates that banks may better fulfill their liquidity creation function for the public either by reducing their cost burden or by improving their profit efficiency level.
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页数：9
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