Interest Rate Liberalization, Diversified Bank Operation and Liquidity Risks: An Empirical Analysis Based on Dynamic Panel

Abstract

Abstract: Based on the data of 40 commercial banks from 2008 to 2017,this paper adopts the dynamic panel system GMM method to empirically test the impact of interest rate liberalization and diversified bank operation on their liquidity risks.The findings show that the diversification of the traditional and non-traditional business can both reduce the liquidity risks of banks,among which the diversification of traditional business has more significant effects,and the effects on state-owned banks are most prominent.During the process of interest rate liberalization,the diversification effect of state-owned banks and joint-stock banks have been enhanced,but that of urban commercial banks has been significantly weakened,and the level of liquidity risks has been increased.Besides,in the late period of interest rate liberalization,the diversification of non-traditional businesses has further lowered the level of liquidity risks of banks;while continued expansion of the deposit and loan business will weaken the positive effects of diversification of the traditional businesses on bank liquidity risks.

Key words: interest rate liberalization, diversified operation, liquidity risks

CLC Number:

F830

ZHANG Guo-xing, ZHANG Ao-qian, XU Che. Interest Rate Liberalization, Diversified Bank Operation and Liquidity Risks: An Empirical Analysis Based on Dynamic Panel[J]. Journal of Jiangxi University of Finance and Economics, 2020, 0(4): 15-26.

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