Academic Journal
Bank Liquidity Hoarding Strategies in Uncertain Times: New Evidence from an Emerging Market with Bank-level Data
| العنوان: | Bank Liquidity Hoarding Strategies in Uncertain Times: New Evidence from an Emerging Market with Bank-level Data |
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| المؤلفون: | Dang, Van Dan, Nguyen, Hoang Chung |
| المصدر: | Organizations and Markets in Emerging Economies; Vol 12 No 2 (2021): Organizations and Markets in Emerging Economies; 377-398 ; Organizations and Markets in Emerging Economies; T. 12 Nr. 2 (2021): Organizations and Markets in Emerging Economies; 377-398 ; 2345-0037 ; 2029-4581 |
| بيانات النشر: | Vilniaus universiteto leidykla / Vilnius University Press |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | banking uncertainty, cross-sectional dispersion, emerging market, liquidity hoarding, search for yield |
| الوصف: | The paper explores the impact of uncertainty on bank liquidity hoarding, particularly providing new insights on the nature of the impact by bank-level heterogeneity. We consider the cross-sectional dispersion of shocks to key bank variables to estimate uncertainty in the banking sector and include all banking items to construct a comprehensive measure of bank liquidity hoarding. Using a sample of Vietnamese banks during 2007–2019, we document that banks tend to increase total liquidity hoarding in response to higher uncertainty; this pattern is still valid for on- and off-balance sheet liquidity hoarding. Further analysis with bank-level heterogeneity indicates that the impact of banking uncertainty on liquidity hoarding is significantly stronger for weaker banks, i. e., banks that are smaller, more poorly capitalized, and riskier. In testing the “search for yield” hypothesis to explain the linkage between uncertainty and bank liquidity hoarding, we do not find it to be the case. Our findings remain extremely robust after multiple robustness tests. |
| نوع الوثيقة: | article in journal/newspaper |
| وصف الملف: | application/pdf; text/html |
| اللغة: | English |
| Relation: | https://www.journals.vu.lt/omee/article/view/24706/24563; https://www.journals.vu.lt/omee/article/view/24706/24564; https://www.journals.vu.lt/omee/article/view/24706 |
| DOI: | 10.15388/omee.2021.12.61 |
| الاتاحة: | https://www.journals.vu.lt/omee/article/view/24706 https://doi.org/10.15388/omee.2021.12.61 |
| Rights: | Copyright (c) 2021 Van Dan Dang | Hoang Chung Nguyen ; https://creativecommons.org/licenses/by/4.0 |
| رقم الانضمام: | edsbas.FF539EB5 |
| قاعدة البيانات: | BASE |
| DOI: | 10.15388/omee.2021.12.61 |
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