The effect of TARP on lending: Evidence from the lead bank’s share in syndicated loans

Enkhtaivan, Bolortuya; Lu, Wenling

doi:10.1007/s11156-021-00974-5

Cited by 6 publications

(2 citation statements)

References 38 publications

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“…At the same time, the result also show that if monetary policy leads to increased liability-side risks for monetary and financial services companies, it also leads to decreased asset-side risks for those companies, and vice versa. These findings are similar to those observed in [ 37 , 33 ]. A further breakdown analysis for the three distinctive time periods is listed as follows.…”

Section: Discussionsupporting

confidence: 92%

“…This stringent, full-payment nature of interbank financing on the liability side, in turn, reinforces the risk dispersion effect and would outweighs the risk transfer effect. Thus, it has been observed that the higher that the risks generated from the liability side are, the lower the risks taken on the asset side [ 37 ]. In this study, the further assessment of the relationship between the proportion of nondeposit liabilities of monetary and financial services companies and asset-side risks is called for, and Hypothesis 2 is proposed as follows:…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

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Analysis of the risk transmission mechanism of monetary policy in the monetary and financial service sectors from the perspective of asset-liability management

Ma,

2023

PLoS ONE

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The Silicon Valley Bank crisis that occurred in March 2023 highlights the importance of studying the risk transmission mechanism underlying monetary policy. To explore this mechanism in the monetary and financial services sector from the perspective of asset-liability management, the relationships between asset- and liability-side risks and the corresponding action direction of those risks were empirically studied based on the risk-taking channel theory of monetary policy using publicly available information on 176 Chinese monetary and financial services companies covering the period of 2000 to 2022. The analysis shows that asset-side risks are transmitted through monetary policy as liability-side risks in the monetary and financial service sectors. If the liability side passively takes on these risks, the action direction of monetary policy to asset-side risks is determined; when the liability side actively takes on these risks, monetary policy exerts opposite effects on both types of risks. This conclusion somewhat deepens our understanding of the risk transmission mechanism of monetary policy, which is helpful in better formulating and implementing monetary policy.

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Section: Discussionsupporting

confidence: 92%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%