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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Open Economices Review

ISSN

0923-7992

e-ISSN

—

Svazek periodika

26

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

18

Strana od-do

479-496

Kód UT WoS článku

000356172200005

EID výsledku v databázi Scopus

2-s2.0-84930925849