نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشجوی دکتری اقتصاد مالی، دانشکده اقتصاد و مدیریت، دانشگاه ارومیه، ارومیه، ایران
2 دانشیار اقتصاد، دانشکده اقتصاد و مدیریت، دانشگاه ارومیه، ارومیه، ایران
3 دانشیار امور مالی و بیمه، دانشکده اقتصاد و مدیریت، دانشگاه ارومیه، ارومیه، ایران
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
The aim of this study is to investigate the Threshold effect of bank capital on liquidity creation in 59 developing countries and 37 developed countries in two separate models over the period 2004-2023. For this purpose, the panel smooth transition regression (PSTR) model, which is very suitable for heterogeneous panel data, has been used. The results show that there is a nonlinear relationship between the variables under study and the threshold value of the transmission variable (i.e., the logarithm of the bank's regulatory capital) in the developed countries model is estimated to be 3.0034 and the slope parameter is 7.4897, and in the developing countries model the threshold value of the transmission variable is estimated to be 2.996 and the slope parameter is 16.5003.
The results in developed countries indicate that in the first regime, economic growth and financial stability have a negative effect on liquidity creation, which decreases after crossing the threshold location in the second regime but is still negative. The results also indicate that financial inclusion has a positive effect on liquidity creation in the first regime, but its effect gradually decreases and becomes negative in the second regime.
In addition, the results for developing countries show that economic growth and financial stability have a negative impact on liquidity creation in both regimes. The results also indicate that financial inclusion in the first regime has a positive effect on liquidity creation, and in the second regime, its effect gradually decreases, but is still positive.
کلیدواژهها [English]
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