Does Bank Liquidity Creation Contribute to Economic Growth? Evidence from Russia

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F15%3A10297802" target="_blank" >RIV/00216208:11230/15:10297802 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1007/s11079-015-9352-1" target="_blank" >http://dx.doi.org/10.1007/s11079-015-9352-1</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11079-015-9352-1" target="_blank" >10.1007/s11079-015-9352-1</a>

Result language
angličtina
Original language name
Does Bank Liquidity Creation Contribute to Economic Growth? Evidence from Russia
Original language description
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 market, Russia. We follow themethodology of Berger and Bouwman, Rev Financ Stud 22:3779-3837, (2009) to measure bank liquidity creation using a rich and exhaustive dataset of Russian banks. We perform fixed effects and GMM estimations to examine the relation of liquidity creation with economic growth for Russian regions for the period 2004-2012. Our results suggest that bank liquidity creation strengthens economic growth. This effect was not halted by the financial crisis. Our conclusion thus supports a positive impact of financialdevelopment on economic growth in Russia.
Czech name
—
Czech description
—

Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—

Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)