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Bank capital, adjustment and ownership: Evidence from China
(15.09.2014)
BOFIT Discussion Papers 16/2014
BOFIT Discussion Papers 16/2014
We investigate ownership effects on capital and adjustments speed to the target capital ratio in China from 2000 to 2012 and find that state-owned banks hold higher levels of capital than banks of other ownership types. ...
Russia's 1999–2000 election cycle and the politics-banking interface
(01.11.2017)
BOFIT Discussion Papers 17/2017
BOFIT Discussion Papers 17/2017
We investigate whether lending by the dominant Russian state bank, Sberbank, contributed to Vladimir Putin’s ascent to power during the presidential elections of March 2000. Our hypothesis is that Sberbank corporate loans ...
Banks as corporate monitors: Evidence from CEO turnovers in China
(19.12.2016)
BOFIT Discussion Papers 19/2016
BOFIT Discussion Papers 19/2016
This paper examines the governance role of banks in replacement of underperforming CEOs in firms listed on Chinese stock exchanges. Under most circumstances, the findings suggest that the presence of outstanding loans ...
Disentangling loan demand and supply shocks in Russia
(05.03.2015)
BOFIT Discussion Papers 8/2015
BOFIT Discussion Papers 8/2015
This article presents three alternative models for decomposing loan developments into components associated with changes in loan demand and supply fundamentals. Two models are based on macro data (error correction model ...
Deposit insurance, market discipline and bank risk
(27.06.2019)
BOFIT Discussion Papers 10/2019
BOFIT Discussion Papers 10/2019
Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on within-bank variation in the ratio of firm deposits to total household and firm deposits, so as to capture ...
Does bank liquidity creation contribute to economic growth? Evidence from Russia
(04.03.2015)
BOFIT Discussion Papers 7/2015
BOFIT Discussion Papers 7/2015
The financial crisis has shown that the liquidity creation function of banks is critical for the economy. In this paper, we empirically investigate whether bank liquidity creation fosters economic growth in a large emerging ...
Persistent and transient inefficiency: Explaining the low efficiency of Chinese big banks
(20.07.2018)
BOFIT Discussion Papers 16/2018
BOFIT Discussion Papers 16/2018
Considering the evidence that China’s five largest state-owned banks (the Big Five) suffer from low cost efficiency, this paper decomposes overall efficiency of Chinese banks into: persistent efficiency and transient ...
Cyclicality of bank liquidity creation
(10.03.2017)
BOFIT Discussion Papers 5/2017
BOFIT Discussion Papers 5/2017
This paper investigates the cyclicality of bank liquidity creation. Since liquidity creation is a major economic function of banks, their liquidity creation behavior may amplify business cycle fluctuations. Using the ...
The formation of hidden negative capital in banking : A product mismatch hypothesis
(03.04.2019)
BOFIT Discussion Papers 6/2019
BOFIT Discussion Papers 6/2019
This paper investigates the phenomenon of hidden negative capital (HNC) associated with bank failures and introduces a product mismatch hypothesis to explain the formation of HNC. Given that troubled banks tend to hide ...
Benford’s law and Chinese banks’ non-performing loans
(19.12.2019)
BOFIT Discussion Papers 25/2019
BOFIT Discussion Papers 25/2019
Benford’s law states that the leading significant digits in real-world data sets, provided the data span several orders of magnitude, are not normally uniformly distributed. Deviations from this law may indicate human ...