邻居贷款:东亚商业银行、银行一体化与银行违约风险

Dung Thuy Thi Nguyen, I. Diaz‐Rainey, Helen Roberts, Minh Le
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引用次数: 0

摘要

本研究调查了银行一体化对接受国银行违约风险的影响,特别是银行一体化类型是否调节了这种关系。利用系统广义矩量法(GMM),研究发现银行一体化降低了接受国的银行违约风险。亚洲银行的外国债权和银行通过当地分支机构的外国债权主要推动了这种影响。这些结果表明,通过关联公司的存在,贷款人和借款人之间的密切关系或“本地”知识缓解了信息不对称,从而可以有效地监控和约束贷款关系。研究结果支持促进银行业一体化,促进整个东亚地区更深层次的区域内连通性。对于来自东亚以外地区的外国索赔,决策者应鼓励它们通过当地分支机构存在,因为这具有同等的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Loans From My Neighbors: East Asian Commercial Banks, Banking Integration, and Bank Default Risk
This study investigated the impact of banking integration on recipient country bank default risk and, in particular, whether the type of banking integration moderates that relationship. Using the system generalized method of moments (GMM), the study found that banking integration lowers bank default risk in recipient countries. The foreign claims that Asian lenders extend and the foreign claims that banks extend via local affiliates primarily drive the impact. These results show that the close proximity of lenders and borrowers or “local” knowledge via an affiliate’s presence alleviates information asymmetry, allowing for effective monitoring and disciplining of the loan relationship. The result supports the fostering of banking integration, promoting deeper intra-regional connectedness throughout East Asia. Where foreign claims come from outside East Asia, policy makers should encourage their presence through local affiliates, as this has an equivalent impact.
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