Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/93353
Title: | Competition and bank liquidity creation | Authors: | Jiang, L Levine, R Lin, C |
Issue Date: | Apr-2019 | Source: | Journal of financial and quantitative analysis, Apr. 2019, v. 54, no. 2, p. 513-538 | Abstract: | We use a new identification strategy to assess whether an intensification of competition among banks increases or decreases the provision of a key banking service: liquidity creation. Although theory offers conflicting predictions about the impact of competition on liquidity creation, we find that regulatory-induced competition reduces liquidity creation. Consistent with a subset of models emphasizing that banks pushed toward insolvency reduce risk-taking activities, we discover that regulatory-induced competition reduces liquidity creation more among banks with less risk-absorbing capacity (e.g., less profitable banks). | Publisher: | Cambridge University Press | Journal: | Journal of financial and quantitative analysis | ISSN: | 0022-1090 | EISSN: | 1756-6916 | DOI: | 10.1017/S0022109018000820 | Rights: | Copyright 2018, Michael G. Foster School of Business, University of Washington, Seattle, WA 98195 The following publication Jiang, L., Levine, R., & Lin, C. (2019). Competition and Bank Liquidity Creation. Journal of Financial and Quantitative Analysis, 54(2), 513-538 is available at : http://dx.doi.org/10.1017/S0022109018000820 |
Appears in Collections: | Journal/Magazine Article |
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