Emerging Markets Review最新文献_第3页

Artificial intelligence and corporate investment efficiency: Evidence from China 人工智能与企业投资效率：来自中国的证据

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-31 DOI: 10.1016/j.ememar.2025.101314

Liangcheng Wang, Yizheng Chen

引用次数: 0

Editorial for multi-source data-driven financial fraud risk analysis 多源数据驱动的金融欺诈风险分析

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-30 DOI: 10.1016/j.ememar.2025.101315

Jianping Li, Xiaoqian Zhu

引用次数: 0

Winners and Losers: The Effects of Monetary Policy on Income and Consumption Inequality 赢家和输家：货币政策对收入和消费不平等的影响

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-30 DOI: 10.1016/j.ememar.2025.101318

Aariya Sen , Rudra Sensarma

引用次数: 0

Does the source of oil shocks matter to exchange rate dynamics? Insights from Indonesia's dual role as an oil exporter and importer 油价冲击的来源对汇率动态有影响吗？印尼石油出口国和进口国双重角色的启示

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-27 DOI: 10.1016/j.ememar.2025.101312

Jungho Baek

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引用次数: 0

Surges in the shadows: Stock-flow adjustments and public debt spikes 阴影中的飙升：股票流动调整和公共债务飙升

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-27 DOI: 10.1016/j.ememar.2025.101306

Leandro Andrian , Cesar M. Rodriguez , Oscar M. Valencia

引用次数: 0

Loan spreads over the credit cycle 贷款在信贷周期中扩散

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-27 DOI: 10.1016/j.ememar.2025.101313

Tarık Alperen Er, Burak Deniz, İbrahim Yarba

引用次数: 0

Collateral eligibility of credit claims and bank liquidity creation: Evidence from China 信用债权担保资格与银行流动性创造：来自中国的证据

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-22 DOI: 10.1016/j.ememar.2025.101310

Guangjie Geng , Miao Cheng , Mingwei Chen

{"title":"Collateral eligibility of credit claims and bank liquidity creation: Evidence from China","authors":"Guangjie Geng , Miao Cheng , Mingwei Chen","doi":"10.1016/j.ememar.2025.101310","DOIUrl":"10.1016/j.ememar.2025.101310","url":null,"abstract":"<div><div>The central bank's collateral framework plays a fundamental role in implementing quantitative easing and credit easing policies that facilitate liquidity creation. Since the international financial crisis of 2008, it has become a vital tool for central banks in advanced economies to support monetary policy and ensure financial stability. This paper explores how the eligibility of credit claims as collateral influences bank liquidity creation. We develop a theoretical model that considers collateral haircuts, collateral constraints, and bank liquidity creation. Utilizing data on the collateral framework expansion by the People's Bank of China, our findings indicate that recognizing credit claims as eligible collateral can increase bank liquidity creation by 2%. This corresponds to an average boost of 56.4 billion yuan in liquidity for the banks in our sample. Our analysis suggests that this increase is primarily due to enhanced risk tolerance among banks when collateral eligibility is expanded. Additionally, we observe that the effects are most pronounced in large commercial banks and rural commercial banks. To ensure the robustness of our results, we conduct several tests, including parallel trend and placebo tests, which affirm the reliability of our main findings.</div></div>","PeriodicalId":47886,"journal":{"name":"Emerging Markets Review","volume":"67 ","pages":"Article 101310"},"PeriodicalIF":5.6,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144166701","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-17 DOI: 10.1016/j.ememar.2025.101309

Rui Huang, Xing Chen, Chongfeng Wu

引用次数: 0

Corrigendum to “Enforcement actions and systemic risk” [Emerging Markets Review 59 (2024) 101115] “执法行动及系统性风险”的更正[新兴市场评论59 (2024)101115]

IF 5.6 2区经济学

Emerging Markets Review Pub Date : 2025-05-16 DOI: 10.1016/j.ememar.2025.101304

Xiaoming Zhang , Yiming Tian , Chien-Chiang Lee

引用次数: 0

Does asynchronous market update matter? Re-examining the price discovery of stock index and futures in China 异步市场更新是否重要？中国股指期货价格发现的再审视

IF 5.6 2区经济学