Is bank liquidity creation procyclical? Evidence from the US

被引：5

作者：

Niu, Jijun ^{[1
]}

机构：

[1] Simon Fraser Univ, Beedie Sch Business, Burnaby, BC V5A 1S6, Canada

来源：

FINANCE RESEARCH LETTERS | 2022年 / 47卷

关键词：

bank; liquidity creation; business cycle; CYCLICALITY; OWNERSHIP;

D O I：

10.1016/j.frl.2021.102603

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines how bank liquidity creation reacts to business cycle fluctuations. Using panel data on US banks, we find that bank liquidity creation is procyclical (i.e., banks create more liquidity during economic expansions and less liquidity during recessions). We also find that both on-and off-balance sheet liquidity creation are procyclical. Our results hold across bank size groups, and suggest that bank liquidity creation can amplify business cycle fluctuations.

引用

页数：6

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