This paper provides micro and macroeconomic analysis of the economic role of banks in the Russian economy. Using a … financing. Econometric model put out the existence of liquidity providing activity of Russian banks. Even though the overall … banks in their liquidity providing role. …

The financial crisis has shown that the liquidity creation function of banks is critical for the economy. In this paper … Russian banks. We perform fixed effects and GMM estimations to examine the relation of liquidity creation to economic growth …

efficiency scores for a sample of Chinese banks over the period 2002-2011. Granger-causality tests are performed in a dynamic GMM … competition negatively granger-causes cost efficiency for Western banks, we find no significant relation between competition and …

panel of banks from 12 euro area countries over the period 2002-2010 we analyze the reaction of loan supply to monetary … dependent on bank competition: the transmission of monetary policy through the bank lending channel is less pronounced for banks … with extensive market power. Further investigation shows that banks with less market power were more sensitive to monetary …

recapitalisation of problematic banks under both of our proposed baseline and adverse scenarios. …

This paper introduces the “Excessive Liquidity Creation Hypothesis,” whereby a rise in a bank’s core liquidity creation …