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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

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

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

Does a financial crisis change a bank's exposure to risk? A difference-in-differences approach

Mäkinen, Mikko - 2021

Can a major financial crisis trigger changes in a bank's risk-taking behavior? Using the 2008 Global Financial Crisis as a quasi-natural experiment and a difference-in-differences approach, I examine whether the worst crisis-hit Russian banks - the banks that have strong incentives to...

Persistent link: https://www.econbiz.de/10012614257

Market discipline and the Russian interbank market

Andrievskaya, Irina; Semenova, Maria - 2013

The interbank market plays an important role in the overall function of the financial system. The efficiency of the … quantity-based market discipline is investigated using Heckman's sample selection model and the efficiency of market discipline … or after. Even during the crisis, its efficiency in curbing bank risk-taking was rather low. …

Persistent link: https://www.econbiz.de/10012148715

Depositor discipline in Russian regions: Flight to familiarity or trust in local authorities?

Schoors, Koen; Semenova, Maria; Zubanov, Andrey - 2017

We analyze whether a depositor's familiarity with a bank affects depositor behavior during a financial crisis. Familiarity is measured by the presence of regional or local cues in the bank's name, while depositor behavior is considered in terms of depositor sensitivity to observable bank risk...

Persistent link: https://www.econbiz.de/10012148795

Banking globalization, local lending, and labor market effects: Micro-level evidence from Brazil

Noth, Felix; Busch, Matias Ossandon - 2017

This paper estimates the effect of a foreign funding shock to banks in Brazil after the collapse of Lehman Brothers in September 2008. Our robust results show that bank-specic shocks to Brazilian parent banks negatively affected lending by their individual branches and trigger real economic...

Persistent link: https://www.econbiz.de/10012148805

Determinants of bank closures: Do changes of CAMEL variables matter?

Mäkinen, Mikko; Solanko, Laura - 2017

This study examines whether changes in CAMEL variables matter in explaining bank closure. Using a unique set of monthly bank-specific balance sheet data from Russia, we estimate determinants of bank license withdrawals during 2013m7-2017m7. We make two key findings. First, changes in CAMEL...

Persistent link: https://www.econbiz.de/10012148810

Shock contagion, asset quality and lending behavior

Pham, Tho; Talavera, Oleksandr; Tsapin, Andriy - 2018

This paper exploits the geopolitical conflict in Eastern Ukraine as a negative shock to banking sector and examines the shock transmission. We find that banks with more loans in the conflict areas during the pre-conflict period face a higher level of bad loans in other markets after the shock....

Persistent link: https://www.econbiz.de/10012148837

Market discipline and the Russian interbank market

Andrievskaya, Irina; Semenova, Maria - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013

The interbank market plays an important role in the overall function of the financial system. The efficiency of the …-based market discipline is investigated using Heckman’s sample selection model and the efficiency of market discipline is studied … during the crisis, its efficiency in curbing bank risk-taking was rather low. …

Persistent link: https://www.econbiz.de/10010818568

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