Bank liquidity, macroeconomic risk, and bank risk: Evidence from the Financial Services Modernization Act

ASIA unversity > 管理學院 > 財務金融學系 > 期刊論文 > Item 310904400/111992

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題名:	Bank liquidity, macroeconomic risk, and bank risk: Evidence from the Financial Services Modernization Act
作者:	I‐Ju Chen;Yu‐Yi Lee;Yong‐Chin Liu
貢獻者:	財務金融學系
日期:	2018-12
上傳時間:	2019-09-10 06:03:47 (UTC+0)
摘要:	We investigate the empirical relationship between macroeconomic risk, bank liquidity, and bank risk surrounding the 1999 Financial Services Modernization Act. We propose that bank risk and liquidity are positively related as macroeconomic risk increases, and that this effect is particularly strong after the Gramm–Leach–Bliley Act (GLBA). We test our hypotheses by collecting data from 1994 to 2006 for banks in the United States. The results show that banks flush with liquid assets in a high macroeconomic risk environment conducted more lending activities following the enactment of the GLBA, leading to higher bank risk. Our study complements the understanding of bank liquidity management.
關聯:	European Financial Management
顯示於類別:	[財務金融學系] 期刊論文

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