文章基本信息

标题：How bank competition influence liquidity creation
本地全文：下载
作者：Roman Horvath ; Jakub Seidler ; Laurent Weill 等
期刊名称：BOFIT Discussion Papers
印刷版ISSN：1456-4564
电子版ISSN：1456-5889
出版年度：2013
出版社：Bank of Finland Institute for Economies in Transition (BOFIT)
摘要：This paper evaluates the effect of bank competition on liquidity creation by banks. Thus, we contribute to the literature on both bank competition and the determinants of liquidity creation by banks. To explore this relationship, we conduct dynamic GMM panel estimations on a dataset of Czech banks from 2002 to 2010. We find that enhanced competition reduces liquidity creation, a finding we observe under different specifications, including alternative measures of liquidity creation. We explain this finding in terms of the impact of increased bank competition on the financial fragility of banks, which leads banks to reduce their lending and deposit activities. The evidence suggests that pro-competitive policies in the banking industry can reduce liquidity provision by banks.
关键词：bank competition; liquidity creation; G21; Roman Horvath; Jakub Seidler; Laurent Weill