| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30340 |
| 来源ID | Working Paper 30340 |
| The Determinants of Bank Liquid Asset Holdings | |
| René M. Stulz; Alvaro G. Taboada; Mathijs A. van Dijk | |
| 发表日期 | 2022-08-08 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Bank liquid asset holdings vary significantly across banks and through time. The determinants of liquid asset holdings from the corporate finance literature are not useful to predict banks’ liquid asset holdings. Banks have an investment motive to hold liquid assets, so that when their lending opportunities are better, they hold fewer liquid assets. We find strong support for the investment motive. Large banks hold much more liquid assets after the Global Financial Crisis (GFC), and this change cannot be explained using models of liquid asset holdings estimated before the GFC. We find evidence supportive of the hypothesis that the increase in liquid assets of large banks is due at least in part to the post-GFC regulatory changes. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w30340 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/588012 |
| 推荐引用方式 GB/T 7714 | René M. Stulz,Alvaro G. Taboada,Mathijs A. van Dijk. The Determinants of Bank Liquid Asset Holdings. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w30340.pdf（451KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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