Earticle

초록

영어

A lending boom is re‡ected in the composition of bank liabilities when traditional retail deposits (core liabilities) cannot keep pace with asset growth and banks turn to other funding sources (non-core liabil- ities) to …nance their lending. We formulate a model of credit supply as the ‡ip side of a credit risk model where a large stock of non-core liabilities serves as an indicator of the erosion of risk premiums and hence of vulnerability to a crisis. We …nd supporting empirical evi- dence in a panel probit study of emerging and developing economies.

목차

Abstract
 1 Introduction
 2 Model
 3 Evidence from Panel Probit
  3.1 Data Description and Methodology
  3.2 Probit Estimation Results
 4 Robustness Checks
  4.1 Analysis with Quarterly Credit to GDP Ratio
  4.2 Global Factors as Control Variables
  4.3 Alternative Dependent Variables
 5 Summary and Concluding Remarks
 References
 Appendix

키워드

저자

• Joon-Ho Hahm [ Yonsei University ]
• Hyun Song Shin [ Princeton University ]
• Kwanho Shin [ Korea University ] Corresponding author.

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국재무학회 학술대회

• 간기

  부정기

• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330