COVID-19 outbreak, government capital injections, and shadow banking efficiency

被引：12
|
作者：
Li, Xuelian [1 ]
Xie, Yuxin [1 ]
Lin, Jyh-Horng [2 ]
机构：
[1] Southwestern Univ Finance & Econ, Sch Econ, Chengdu, Peoples R China
[2] Tamkang Univ, Dept Int Business, New Taipei, Taiwan
来源：
APPLIED ECONOMICS | 2021年 / 53卷 / 04期
基金：
中国国家自然科学基金;
关键词：
COVID-19; shadow banking; government capital injection; efficiency; DEPOSIT INSURANCE; RISK; FIRM;
D O I：
10.1080/00036846.2020.1808183
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates the effects of the novel coronavirus (COVID-19) outbreak and government capital injections on the bank's optimal interest margin and the efficiency gain/loss from the shadow banking operations. The down-and-out call option approach is adapted to model the structural break in volatility to capture the COVID-19 outbreak. Results show that the COVID-19 outbreak reduces the optimal bank interest margin, government capital injections enhance the margin, and both the outbreak and capital injections harm the efficiency gain from shadow banking. COVID-19, as such, makes the bank more prone to risk-taking, thereby adversely affecting banking stability.
引用
收藏
页码：495 / 505
页数：11
相关论文
共 50 条
  • [21] Human capital efficiency, performance, market, and volatility timing of asian equity funds during COVID-19 outbreak
    Jamila Abaidi Hasnaoui
    Syed Kumail Abbas Rizvi
    Krishna Reddy
    Nawazish Mirza
    Bushra Naqvi
    Journal of Asset Management, 2021, 22 : 360 - 375
  • [22] Regulatory policies in the global Islamic banking sector in the outbreak of COVID-19 pandemic
    Mansour, Walid
    Ajmi, Hechem
    Saci, Karima
    JOURNAL OF BANKING REGULATION, 2022, 23 (03) : 265 - 287
  • [23] Working in the Shadow of COVID-19
    Harris, Adrienne
    PSYCHOANALYTIC PSYCHOLOGY, 2021, 38 (02) : 99 - 100
  • [24] THE BANKING SECTOR CAPITAL CONSOLIDATION FACTORS IN INDUSTRY 4.0 AND COVID-19 CONDITIONS
    Ya, Hlushchenko
    Korohodova, O.
    Moiseienko, T.
    Sosnovska, O.
    Chernenko, N.
    FINANCIAL AND CREDIT ACTIVITY-PROBLEMS OF THEORY AND PRACTICE, 2021, 3 (38): : 4 - 14
  • [25] The impact of COVID-19 on the banking sector's efficiency and growth trajectory
    Jaiyeoba, Haruna Babatunde
    Oladokun, Nafiu Olaniyi
    Haron, Razali
    Suleman, Mohammed Ahmed
    JOURNAL OF FINANCIAL SERVICES MARKETING, 2024, 29 (03) : 922 - 935
  • [26] COVID-19 Outbreak: An Overview
    Ciotti, Marco
    Angeletti, Silvia
    Minieri, Marilena
    Giovannetti, Marta
    Benvenuto, Domenico
    Pascarella, Stefano
    Sagnelli, Caterina
    Bianchi, Martina
    Bernardini, Sergio
    Ciccozzi, Massimo
    CHEMOTHERAPY, 2020, 64 (5-6) : 215 - 223
  • [27] Gynecologic oncology at the time of COVID-19 outbreak
    Bogani, Giorgio
    Brusadelli, Claudia
    Guerrisi, Rocco
    Lopez, Salvatore
    Signorelli, Mauro
    Ditto, Antonino
    Raspagliesi, Francesco
    JOURNAL OF GYNECOLOGIC ONCOLOGY, 2020, 31 (04) : 1 - 16
  • [28] COVID-19 Outbreak in Malaysia
    Elengoe, Asita
    OSONG PUBLIC HEALTH AND RESEARCH PERSPECTIVES, 2020, 11 (03) : 93 - 100
  • [29] Dentistry and the COVID-19 Outbreak
    Amante, Luis Filipe Lima Sobral
    Afonso, Joao Torres Monteiro
    Skrupskelyte, Greta
    INTERNATIONAL DENTAL JOURNAL, 2021, 71 (05) : 358 - 368
  • [30] Cost Malmquist productivity analysis during the COVID-19 outbreak: evidence from the largest dual banking industry
    Alsharif, Mohammad
    INTERNATIONAL JOURNAL OF PRODUCTIVITY AND PERFORMANCE MANAGEMENT, 2024, 73 (08) : 2583 - 2597
12345