{"title":"货币政策工具创新对商业银行流动性创造的影响","authors":"Xuedong Zhang, Jinwei Li","doi":"10.1016/j.frl.2024.106622","DOIUrl":null,"url":null,"abstract":"This paper delves into the effects of innovative monetary policy instruments on the liquidity creation capabilities of listed commercial banks, utilizing comprehensive data spanning the years 2014 to 2022. The research uncovers a significant insight: lending facility tools have a positive impact on enhancing the ability of commercial banks to generate liquidity. Furthermore, the provision coverage ratio emerges as a partial mediator in this process, influencing how effectively these tools translate into increased liquidity creation by the banks. This revelation adds depth to our understanding of the intricate relationship between monetary policy and banking liquidity.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"20 1","pages":""},"PeriodicalIF":7.4000,"publicationDate":"2024-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The impact of monetary policy instrument innovation on commercial banks' liquidity creation\",\"authors\":\"Xuedong Zhang, Jinwei Li\",\"doi\":\"10.1016/j.frl.2024.106622\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper delves into the effects of innovative monetary policy instruments on the liquidity creation capabilities of listed commercial banks, utilizing comprehensive data spanning the years 2014 to 2022. The research uncovers a significant insight: lending facility tools have a positive impact on enhancing the ability of commercial banks to generate liquidity. Furthermore, the provision coverage ratio emerges as a partial mediator in this process, influencing how effectively these tools translate into increased liquidity creation by the banks. This revelation adds depth to our understanding of the intricate relationship between monetary policy and banking liquidity.\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"20 1\",\"pages\":\"\"},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2024-12-09\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1016/j.frl.2024.106622\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1016/j.frl.2024.106622","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
The impact of monetary policy instrument innovation on commercial banks' liquidity creation
This paper delves into the effects of innovative monetary policy instruments on the liquidity creation capabilities of listed commercial banks, utilizing comprehensive data spanning the years 2014 to 2022. The research uncovers a significant insight: lending facility tools have a positive impact on enhancing the ability of commercial banks to generate liquidity. Furthermore, the provision coverage ratio emerges as a partial mediator in this process, influencing how effectively these tools translate into increased liquidity creation by the banks. This revelation adds depth to our understanding of the intricate relationship between monetary policy and banking liquidity.
期刊介绍：
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
Papers are invited in the following areas:
Actuarial studies
Alternative investments
Asset Pricing
Bankruptcy and liquidation
Banks and other Depository Institutions
Behavioral and experimental finance
Bibliometric and Scientometric studies of finance
Capital budgeting and corporate investment
Capital markets and accounting
Capital structure and payout policy
Commodities
Contagion, crises and interdependence
Corporate governance
Credit and fixed income markets and instruments
Derivatives
Emerging markets
Energy Finance and Energy Markets
Financial Econometrics
Financial History
Financial intermediation and money markets
Financial markets and marketplaces
Financial Mathematics and Econophysics
Financial Regulation and Law
Forecasting
Frontier market studies
International Finance
Market efficiency, event studies
Mergers, acquisitions and the market for corporate control
Micro Finance Institutions
Microstructure
Non-bank Financial Institutions
Personal Finance
Portfolio choice and investing
Real estate finance and investing
Risk
SME, Family and Entrepreneurial Finance
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
