| dc.creator |
Jiang, Bo |
|
| dc.creator |
Tzavellas, Hector |
|
| dc.creator |
Yang, Xiaoying |
|
| dc.date |
2022-04-22T12:28:59Z |
|
| dc.date |
2022-04-22T12:28:59Z |
|
| dc.date |
2022-04-20 |
|
| dc.date |
2022-04-21T21:03:39Z |
|
| dc.date.accessioned |
2023-03-01T18:55:04Z |
|
| dc.date.available |
2023-03-01T18:55:04Z |
|
| dc.identifier |
Jiang, B.; Tzavellas, H.; Yang, X. Deposit Competition, Interbank Market, and Bank Profit. J. Risk Financial Manag. 2022, 15, 194. |
|
| dc.identifier |
http://hdl.handle.net/10919/109730 |
|
| dc.identifier |
https://doi.org/10.3390/jrfm15050194 |
|
| dc.identifier.uri |
http://localhost:8080/xmlui/handle/CUHPOERS/281896 |
|
| dc.description |
In this paper, we study how the interbank market could impact deposit competition and bank profits. We first document two stylized facts: the net interbank funding ratio is negatively correlated with net interest margin (NIM), as well as with the cost-to-income ratio (CIR). To rationalize these two facts, we embed the interbank market into a BLP model framework. The model is calibrated using Chinese listed banks’ data. A counterfactual experiment reveals that shutting down the interbank market will lead to a decline in NIM and bank profits. Our results indicate that the interbank market can facilitate specialization and reduce the intensity of deposit competition. |
|
| dc.description |
Published version |
|
| dc.format |
application/pdf |
|
| dc.format |
application/pdf |
|
| dc.language |
en |
|
| dc.publisher |
MDPI |
|
| dc.rights |
Creative Commons Attribution 4.0 International |
|
| dc.rights |
http://creativecommons.org/licenses/by/4.0/ |
|
| dc.title |
Deposit Competition, Interbank Market, and Bank Profit |
|
| dc.title |
Journal of Risk and Financial Management |
|
| dc.type |
Article - Refereed |
|
| dc.type |
Text |
|