教師資料查詢 | 類別: 期刊論文 | 教師: 林志鴻 Jyh-horng Lin (瀏覽個人網頁)

標題:COVID-19 outbreak, government capital injections, and shadow banking efficiency
學年
學期
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, 53(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
語言英文
ISSN1466-4283
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
國別英國
公開徵稿
出版型式,電子版,紙本
相關連結
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