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A note on money creation in emerging market economies
Ponomarenko, Alexey - 2016
This paper discusses the money creation mechanisms in emerging markets with special focus on external transactions. We argue that one should not rule out the possibility that fluctuations in the loans-to-deposits and non-core liabilities ratios are driven by the banks. We also argue that, under...
Persistent link: https://www.econbiz.de/10012148778
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Government credit and trade war
Cai, Ning; Feng, Jinlu; Liu, Yong; Ru, Hong; Yang, Endong - 2019
By merging transaction-level trade data from China Customs and loan data from the China Development Bank (CDB), we analyze the effects of government credit on trade activities. We find that CDB credit mainly flows to SOEs in strategic industries at the top of the supply chain. These up-stream...
Persistent link: https://www.econbiz.de/10012148846
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Bank cost efficiency in Kazakhstan and Russia
Peresetsky, Anatoly - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2010
Basel II. In this paper, bank data for 2002-2006 are used to estimate models of bank cost efficiency. In contrast to most … previous papers, no significance difference is found for the average cost efficiency scores of banks for the two countries … during 2002-2006. How banks are ranked for efficiency depends upon the chosen model (input and output sets). An interesting …
Persistent link: https://www.econbiz.de/10008594471
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The effects of focus versus diversification on bank performance: Evidence from Chinese banks
Berger, Allen N.; Hasan, Iftekhar; Zhou, Mingming - 2010
This paper investigates the effects of focus versus diversification on bank performance using data on Chinese banks during the 1996-2006 period. We construct a new measure, economies of diversi-fication, and compare the results to those of the more conventional focus indices, which are based on...
Persistent link: https://www.econbiz.de/10012148603
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Is bank competition detrimental to efficiency? Evidence from China
Fungáčová, Zuzana; Pessarossi, Pierre; Weill, Laurent - 2012
This paper addresses the relationship between bank competition and efficiency by computing Lerner indices and cost … efficiency scores for a sample of Chinese banks over the period 2002-2011. Granger-causality tests are performed in a dynamic GMM … competition over the period, even as cost efficiency improves. In a departure from the empirical literature showing that …
Persistent link: https://www.econbiz.de/10012148686
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Do capital requirements affect bank efficiency? Evidence from China
Pessarossi, Pierre; Weill, Laurent - 2013
between capital ratio and bank efficiency for Chinese banks over the period 2004?2009, taking advantage of the profound … the capital ratio on banks' cost efficiency. We find that such an increase has a positive effect on cost efficiency, the … can improve bank efficiency. …
Persistent link: https://www.econbiz.de/10012148714
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Do capital requirements affect bank efficiency? Evidence from China
Pessarossi, Pierre; Weill, Laurent - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
This paper contributes to the debate on the effect of capital requirements on bank efficiency. We study the relation … between capital ratio and bank efficiency for Chinese banks over the period 2004-2009, taking advantage of the profound … the capital ratio on banks’ cost efficiency. We find that such an increase has a positive effect on cost efficiency, the …
Persistent link: https://www.econbiz.de/10010818558
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Is bank competition detrimental to efficiency? Evidence from China
Fungácová, Zuzana; Pessarossi, Pierre; Weill, Laurent - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012
This paper addresses the relationship between bank competition and efficiency by computing Lerner indices and cost … efficiency scores for a sample of Chinese banks over the period 2002-2011. Granger-causality tests are performed in a dynamic GMM … competition over the period, even as cost efficiency improves. In a departure from the empirical literature showing that …
Persistent link: https://www.econbiz.de/10010818570
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The effects of focus versus diversification on bank performance: Evidence from Chinese banks
Berger, Allen N.; Hasan, Iftekhar; Zhou, Mingming - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2010
This paper investigates the effects of focus versus diversification on bank performance using data on Chinese banks during the 1996-2006 period. We construct a new measure, economies of diversification, and compare the results to those of the more conventional focus indices, which are based on...
Persistent link: https://www.econbiz.de/10008540685
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Diagnosing Dutch disease: Does Russia have the symptoms?
Oomes, Nienke; Kalcheva, Katerina - 2007
In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease.We first provide a brief review of the literature on Dutch Disease and the natural resource curse.We then discuss the symptoms of Dutch Disease, which include (1) real exchange rate...
Persistent link: https://www.econbiz.de/10012148529