Overcoming the loan-to-deposit ratio by a financial intermediation measure-A perspective instrument of financial stability policy

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F21%3A39917566" target="_blank" >RIV/00216275:25410/21:39917566 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/abs/pii/S0161893821000545" target="_blank" >https://www.sciencedirect.com/science/article/abs/pii/S0161893821000545</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jpolmod.2021.03.012" target="_blank" >10.1016/j.jpolmod.2021.03.012</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Overcoming the loan-to-deposit ratio by a financial intermediation measure-A perspective instrument of financial stability policy

Popis výsledku v původním jazyce

In cognizance of the role that the traditional loan-to-deposit (LTD) ratio fulfils for financial stability policy, the paper proposes extending this metric of liquidity and funding towards measuring attainment in financial intermediation. The proposed metric, financial intermediation measure (FIM), is a normative indicator and amends the descriptive nature of the LTD ratio, and is thus more suited to the needs of macroprudential regulation of financial systems. The metric is grounded in ideas of data envelopment analysis and is developed in conjunction with a data set on structural indicators provided by the World Bank. The FIM focuses upon the banking part of financial intermediation and measures whether a financial system is successful in transforming (bank) deposits into loans subject to feasibility restrictions applied to both the banking and securities markets. Utilization of the FIM is demonstrated for 48 financial systems of the world using data from 1993 to 2016 under different classifications applied to financial systems. The demonstration shows that the FIM is useful also for performance assessments of market-based financial systems without distinction. (c) 2021 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.

Název v anglickém jazyce

Overcoming the loan-to-deposit ratio by a financial intermediation measure-A perspective instrument of financial stability policy

Popis výsledku anglicky

In cognizance of the role that the traditional loan-to-deposit (LTD) ratio fulfils for financial stability policy, the paper proposes extending this metric of liquidity and funding towards measuring attainment in financial intermediation. The proposed metric, financial intermediation measure (FIM), is a normative indicator and amends the descriptive nature of the LTD ratio, and is thus more suited to the needs of macroprudential regulation of financial systems. The metric is grounded in ideas of data envelopment analysis and is developed in conjunction with a data set on structural indicators provided by the World Bank. The FIM focuses upon the banking part of financial intermediation and measures whether a financial system is successful in transforming (bank) deposits into loans subject to feasibility restrictions applied to both the banking and securities markets. Utilization of the FIM is demonstrated for 48 financial systems of the world using data from 1993 to 2016 under different classifications applied to financial systems. The demonstration shows that the FIM is useful also for performance assessments of market-based financial systems without distinction. (c) 2021 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Journal of Policy Modeling

ISSN

0161-8938

e-ISSN

—

Svazek periodika

43

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

19

Strana od-do

1051-1069

Kód UT WoS článku

000704359500009

EID výsledku v databázi Scopus

2-s2.0-85107421292