Capital, funding liquidity, and bank lending in emerging economies: An application of the LSDVC approach

The paper examines the effect of funding liquidity on bank loan growth using a dynamic least squares dummy variable corrected (LSDVC) approach over the period between 2006 and 2015. The empirical results reveal that funding liquidity is negative and significant, which suggests that higher funding li...

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Published inBorsa Istanbul Review Vol. 19; no. 2; pp. 139 - 148
Main Authors Dahir, A.M., Mahat, F., Razak, N.H.A., Bany-Ariffin, A.N.
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.06.2019
Elsevier
Subjects
Bank lending
Capital
Funding liquidity
LSDVC
G20
Bank lending
G33
G21
G32
Capital
Funding liquidity
G28
C40
LSDVC
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Abstract The paper examines the effect of funding liquidity on bank loan growth using a dynamic least squares dummy variable corrected (LSDVC) approach over the period between 2006 and 2015. The empirical results reveal that funding liquidity is negative and significant, which suggests that higher funding liquidity reduces bank loan growth. In addition, bank lending improves when bank capital increases and the reduction effect of funding liquidity on bank lending varies with capital. These findings remain robust to an alternative estimator. The study provides implications for policymakers to understand the role of funding liquidity in bank lending.
AbstractList The paper examines the effect of funding liquidity on bank loan growth using a dynamic least squares dummy variable corrected (LSDVC) approach over the period between 2006 and 2015. The empirical results reveal that funding liquidity is negative and significant, which suggests that higher funding liquidity reduces bank loan growth. In addition, bank lending improves when bank capital increases and the reduction effect of funding liquidity on bank lending varies with capital. These findings remain robust to an alternative estimator. The study provides implications for policymakers to understand the role of funding liquidity in bank lending. Keywords: Capital, Funding liquidity, LSDVC, Bank lending, JEL: G20, G21, G28, C40, G32, G33
The paper examines the effect of funding liquidity on bank loan growth using a dynamic least squares dummy variable corrected (LSDVC) approach over the period between 2006 and 2015. The empirical results reveal that funding liquidity is negative and significant, which suggests that higher funding liquidity reduces bank loan growth. In addition, bank lending improves when bank capital increases and the reduction effect of funding liquidity on bank lending varies with capital. These findings remain robust to an alternative estimator. The study provides implications for policymakers to understand the role of funding liquidity in bank lending.
Author Razak, N.H.A.
Dahir, A.M.
Bany-Ariffin, A.N.
Mahat, F.
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Issue 2
Keywords G20
Bank lending
G33
G21
G32
Capital
Funding liquidity
G28
C40
LSDVC
Language English
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Snippet The paper examines the effect of funding liquidity on bank loan growth using a dynamic least squares dummy variable corrected (LSDVC) approach over the period...
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SubjectTerms Bank lending
Capital
Funding liquidity
LSDVC
Title Capital, funding liquidity, and bank lending in emerging economies: An application of the LSDVC approach
URI https://dx.doi.org/10.1016/j.bir.2018.08.002
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