存款保险费与银行风险

IF 1.9 Q2 BUSINESS, FINANCE

Review of Corporate Finance Studies Pub Date : 2023-02-14 DOI:10.1093/rcfs/cfad004

Edward T. Kim, Marcelo Rezende

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引用次数: 1

摘要

存款保险费给银行的资产负债表增加了成本，缩小了利润率，促使银行“追求收益”。本文利用监管数据和保险费率表中的一个拐点，估计了存款保险费对银行投资组合再平衡的影响。我们的研究表明，存款保险费削弱了银行对准备金(一种没有信用风险的流动性资产)的需求，并加强了短期银行间贷款(一种具有信用风险的流动性较低的资产)的供应。我们讨论了这些发现对最优存款保险定价的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Deposit Insurance Premiums and Bank Risk

Deposit insurance premiums impose costs on banks' balance sheets, narrowing profit margins and inducing banks to “search for yield”. This paper estimates the effects of deposit insurance premiums on bank portfolio rebalancing using supervisory data and a kink in the insurance premium schedule. We show that deposit insurance premiums weaken banks' demand for reserves (a liquid asset with no credit risk) and strengthen the supply of short-term interbank loans (a less liquid asset with credit risk). We discuss the implications of these findings for optimal deposit insurance pricing.

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来源期刊

Review of Corporate Finance Studies BUSINESS, FINANCE-

CiteScore

17.80

自引率

1.80%

发文量

期刊介绍： The Review of Corporate Finance Studies (RCFS) is dedicated to publishing high-quality research in the expansive field of Corporate Finance. The journal seeks original contributions, reviewing papers based on their unique insights into Corporate Finance. This encompasses a wide spectrum, including a firm's interactions with stakeholders, capital markets, internal organization structure, compensation mechanisms, corporate governance, and capital management. RCFS also welcomes research in financial intermediation, financial institutions, microstructure, and the implications of asset pricing for Corporate Finance. The journal considers theoretical, empirical, and experimental papers for review.