IFRS-9、预期贷款损失准备金和银行流动性创造:早期证据

IF 2.4 Q2 BUSINESS, FINANCE Accounting Research Journal Pub Date : 2024-07-16 DOI:10.1108/arj-03-2024-0086
Saibal Ghosh
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引用次数: 0

摘要

目的以往的研究已经探讨了微观经济和宏观经济因素在跨国环境下推动银行创造流动性的相关性。研究结果研究结果表明,《国际财务报告准则第 9 号》(IFRS-9)的颁布导致资产方流动性创造增加,而负债方流动性创造的下降幅度大致相同。因此,流动性创造总量保持不变。从分类来看,证据显示资产和负债端的所有关键渠道都有助于解释这种行为。 作者认为这是跨国背景下探讨《国际财务报告准则第 9 号》与银行流动性创造之间相互联系的早期研究之一。由于流动性创造的衡量标准提供了银行向市场供应流动性的综合指标,因此本研究旨在为有关这些新近制定的会计准则对银行流动性行为的作用的政策辩论提供信息。
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IFRS-9, expected loan loss provisioning and bank liquidity creation: early evidence

Purpose

The relevance of both microeconomic and macroeconomic factors in driving banks’ liquidity creation within a cross-country setup has been addressed in prior research. The purpose of this study is to explore whether and how the recent International Financial Reporting Standards-9 (IFRS-9) accounting standards affect this relationship.

Design/methodology/approach

The author exploits the staggered implementation of IFRS-9 across countries and use a difference-in-differences framework to tease out the causal impact.

Findings

The findings indicate that the enactment of IFRS-9 leads to an increase in asset-side liquidity creation and a decline of broadly similar magnitude in liability-side liquidity creation. As a result, total liquidity creation remains unaltered. Disaggregatedly, the evidence shows that all the key channels on the asset and liability side are instrumental in explaining this behaviour.

Originality/value

The author views this as one of the early studies in a cross-country setup to explore the interlinkage between IFRS-9 and bank liquidity creation. Since liquidity creation measure provides a comprehensive metric of liquidity supplied by banks to the market, the study seeks to inform the policy debate on the role of these recently instituted accounting standards on bank liquidity behaviour.

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来源期刊
Accounting Research Journal
Accounting Research Journal BUSINESS, FINANCE-
CiteScore
5.00
自引率
0.00%
发文量
13
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