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The Resource High liquidity creation and bank failures, prepared by Zuzana Fungacova, Rima Turk, and Laurent Weill

High liquidity creation and bank failures, prepared by Zuzana Fungacova, Rima Turk, and Laurent Weill

Label
High liquidity creation and bank failures
Title
High liquidity creation and bank failures
Statement of responsibility
prepared by Zuzana Fungacova, Rima Turk, and Laurent Weill
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
We formulate the "High Liquidity Creation Hypothesis" (HLCH) that a proliferation in the core activity of bank liquidity creation increases failure probability. We test the HLCH in the context of Russian banking, which provides a natural field experiment due to numerous failures experienced over the past decade. Using Berger and Bouwman's (2009) liquidity creation measures as a comprehensive proxy for overall bank output, we find that high liquidity creation significantly increases the probability of bank failure; this finding survives multiple robustness checks. Our results suggest that regulatory authorities can mitigate systemic distress and reduce the costs of bank failures to society through early identification of high liquidity creators and enhanced monitoring of their funding and investment activities. --Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Fungacova, Zuzana
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 15/103 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Turk Ariss, Rima
  • Weill, Laurent
  • International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/15/103
http://library.link/vocab/subjectName
  • Liquidity (Economics)
  • Bank failures
  • Default (Finance)
  • Banks and banking
  • Bank failures
  • Banks and banking
  • Default (Finance)
  • Liquidity (Economics)
  • Russia (Federation)
  • Bank Failures
  • Bank
  • Banks
  • Capital
  • Government Policy and Regulation
  • Liquidity Creation
  • United States
Label
High liquidity creation and bank failures, prepared by Zuzana Fungacova, Rima Turk, and Laurent Weill
Instantiates
Publication
Copyright
Note
  • "May 2015."
  • "European Department."
Bibliography note
Includes bibliographical references (pages 17-22)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; Tables; I. Introduction; II. Literature Review; III. Data Description and Methodology; A. Data; B. Liquidity Creation Measures; 1. Liquidity Creation Measures; C. Methodology; IV. Results; 2. Development of the Main Variables; 3. Descriptive statistics of the banks with high liquidity creation and the other; A. Regression Results; 4. Liquidity Creation and Bank Failures: Baseline Model; B. Alternative Estimations; 5. Liquidity Creation and Bank Failures: Longer Lags; 6. Liquidity Creation and Bank Failures: Alternative Measure of Failure
  • 7. Liquidity Creation and Bank Failures: Moscow Banks Only8. Liquidity Creation and Bank Failures: Domestic Private Banks Only; 9. Liquidity Creation and Bank Failures: Effect of Deposit Insurance; 10. Liquidity Creation and Bank Failures: Effect of Bank Concentration; V. Conclusions; References; Footnotes
Control code
908694616
Extent
1 online resource (33 pages)
Form of item
online
Isbn
9781475581805
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475581805.001
Specific material designation
remote
System control number
(OCoLC)908694616
Label
High liquidity creation and bank failures, prepared by Zuzana Fungacova, Rima Turk, and Laurent Weill
Publication
Copyright
Note
  • "May 2015."
  • "European Department."
Bibliography note
Includes bibliographical references (pages 17-22)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; Tables; I. Introduction; II. Literature Review; III. Data Description and Methodology; A. Data; B. Liquidity Creation Measures; 1. Liquidity Creation Measures; C. Methodology; IV. Results; 2. Development of the Main Variables; 3. Descriptive statistics of the banks with high liquidity creation and the other; A. Regression Results; 4. Liquidity Creation and Bank Failures: Baseline Model; B. Alternative Estimations; 5. Liquidity Creation and Bank Failures: Longer Lags; 6. Liquidity Creation and Bank Failures: Alternative Measure of Failure
  • 7. Liquidity Creation and Bank Failures: Moscow Banks Only8. Liquidity Creation and Bank Failures: Domestic Private Banks Only; 9. Liquidity Creation and Bank Failures: Effect of Deposit Insurance; 10. Liquidity Creation and Bank Failures: Effect of Bank Concentration; V. Conclusions; References; Footnotes
Control code
908694616
Extent
1 online resource (33 pages)
Form of item
online
Isbn
9781475581805
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781475581805.001
Specific material designation
remote
System control number
(OCoLC)908694616

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