经济自由化与银行脆弱性:东盟国家的经验证据

Q2 Arts and Humanities
Anh Duc Nguyen
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引用次数: 0

摘要

本文利用东盟国家的面板数据揭示了经济自由化对银行脆弱性的影响。经济自由化用经济自由度指数来表示,而银行脆弱性则用 Z 值的倒数来衡量。我们的实证结果表明,经济自由化降低了银行违约的可能性。当一个国家的金融发展程度较高或面临更严重的不确定性时,这种效应就不那么明显。此外,虽然金融自由化起着决定性作用,但贸易自由化的影响并不显著。我们的研究结果在使用各种估计方法、经济自由化和银行脆弱性的替代衡量标准以及考虑到内生性问题时都是稳健的。我们的研究结果为政策制定者提供了一些政策启示。 收到:接收日期:2024 年 3 月 30 日 / 接受日期:2024 年 6 月 23 日 / 发表日期:2024 年 7 月 5 日
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Economic Liberalization and Bank Fragility: Empirical Evidence from ASEAN Countries
This paper uncovers the effects of economic liberalization on bank fragility using the panel data of ASEAN countries. Economic liberalization is proxied by using the economic freedom index, whereas bank fragility is measured by the inverse of the z-score. Our empirical results show that economic liberalization reduces the likelihood of bank default. This effect becomes less evident when a country has a higher degree of financial development or confronts more severe uncertainty. Moreover, while financial liberalization plays a decisive role, the effect of trade liberalization is insignificant. Our findings are robust for various estimators, alternative measures of economic liberalization and bank fragility, and when taking into account the endogeneity problem. Our findings suggest several policy implications for the policymakers.   Received: 30 March 2024 / Accepted: 23 June 2024 / Published: 5 July 2024
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来源期刊
Academic Journal of Interdisciplinary Studies
Academic Journal of Interdisciplinary Studies Social Sciences-Social Sciences (all)
CiteScore
1.50
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0.00%
发文量
171
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