COVID-19 outbreak, government capital injections, and shadow banking efficiency
學年 109
學期 1
出版（發表）日期 2021-01-20
作品名稱 COVID-19 outbreak, government capital injections, and shadow banking efficiency
作品名稱（其他語言）
著者 Xuelian Li; Yuxin Xie; Jyh-Horng Lin
單位
出版者
著錄名稱、卷期、頁數 Applied Economics v.53 n.4, p.495-505
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.
關鍵字 COVID-19;shadow banking;government capital injection;efficiency
語言 en
ISSN 1466-4283
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Jyh-Horng Lin
審稿制度 是
國別 GBR
公開徵稿
出版型式 ,電子版,紙本
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機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/119720 )

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