通过数字创新增强银行流动性创造：探索宏观审慎政策情绪的影响

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2025-03-04 DOI:10.1016/j.ememar.2025.101275

Li Wang , Shangda Li , Zhan Fa , Yanan Wang

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引用次数: 0

摘要

本文利用2010年至2021年间129家中国银行的面板数据，研究了流动性创造与银行数字化创新之间的关系。我们还将宏观审慎政策情绪引入模型，探讨其如何影响银行数字化创新对流动性创造的影响。结果表明，银行数字化创新可以促进银行流动性的创造，而这主要是通过提高银行的盈利能力和资产质量来实现的。宏观审慎政策沟通的感伤效应加强了这种促进作用，而且这种效应在金融监管强、金融脱媒程度高的地区的银行以及不具有系统重要性的银行之间都是显著的。研究结论为银行有效利用数字创新以培育新的优质生产力提供了政策启示。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Enhancing bank liquidity creation through digital innovation: Exploring the impact of macroprudential policy sentiments

This paper investigates the connection between liquidity creation and bank digital innovation using panel data from 129 Chinese banks between 2010 and 2021. The macroprudential policy sentiment is also introduced into our model to explore how it affects the impact of bank digital innovation on liquidity creation. The results show that bank digital innovation can promote their liquidity creation, and this is primarily achieved through improving the profitability and asset quality of the banks. The sentimental effect of macroprudential policy communication strengthens this promotion, and the effect is significant both among banks in regions with strong financial regulation and high financial disintermediation, as well as banks that are not systemically important. The conclusions provide policy implications for utilizing digital innovation in banks effectively in order to cultivate new quality productive forces.

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.