Liquidity Creation and Trust Environment
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Liquidity Creation and Trust Environment
Auteur(s) :
Bertrand, Jérémie [Auteur]
Lille économie management - UMR 9221 [LEM]
Klein, Paul-Olivier [Auteur]
Université Jean Moulin - Lyon 3 [UJML]
Soula, Jean-Loup [Auteur]
École de Management de Strasbourg = EM Strasbourg Business School [EM Strasbourg]
Lille économie management - UMR 9221 [LEM]
Klein, Paul-Olivier [Auteur]
Université Jean Moulin - Lyon 3 [UJML]
Soula, Jean-Loup [Auteur]
École de Management de Strasbourg = EM Strasbourg Business School [EM Strasbourg]
Titre de la revue :
Journal of Financial Services Research
Pagination :
201-232
Éditeur :
Springer Verlag
Date de publication :
2021-04-21
ISSN :
0920-8550
Mot(s)-clé(s) en anglais :
Banking ; Liquidity creation ; Trust ; Financial intermediation
Discipline(s) HAL :
Sciences de l'Homme et Société/Gestion et management
Résumé en anglais : [en]
Trust towards banks plays a central role in theoretical literature. Diamond and Dybvig (J Polit Econ 91:401–419, 1983) argue that in a trustworthy environment banks can easily collect deposit foster banking activity and ...
Lire la suite >Trust towards banks plays a central role in theoretical literature. Diamond and Dybvig (J Polit Econ 91:401–419, 1983) argue that in a trustworthy environment banks can easily collect deposit foster banking activity and asset transformation. Diamond and Rajan (J Polit Econ 109:287–327, 2001) posit that a high trust environment discourages banks from creating liquidity. To address these conflicting views, the current study measures liquidity creation using Berger and Bouwman’s (Rev Financ Stud 22:3779–3837, 2009) methodology, then assesses the level of trust in the environment with four proxies and two additional instruments deployed in previous research. The results confirm a positive effect of trust in banks on liquidity creation, especially for small or state-chartered banks and during economic downturns. The results are robust to time effects and potential endogeneity concerns.Lire moins >
Lire la suite >Trust towards banks plays a central role in theoretical literature. Diamond and Dybvig (J Polit Econ 91:401–419, 1983) argue that in a trustworthy environment banks can easily collect deposit foster banking activity and asset transformation. Diamond and Rajan (J Polit Econ 109:287–327, 2001) posit that a high trust environment discourages banks from creating liquidity. To address these conflicting views, the current study measures liquidity creation using Berger and Bouwman’s (Rev Financ Stud 22:3779–3837, 2009) methodology, then assesses the level of trust in the environment with four proxies and two additional instruments deployed in previous research. The results confirm a positive effect of trust in banks on liquidity creation, especially for small or state-chartered banks and during economic downturns. The results are robust to time effects and potential endogeneity concerns.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :