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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/119720

    Title: COVID-19 outbreak, government capital injections, and shadow banking efficiency
    Authors: Li, Xuelian;Xie, Yuxin;Lin, Jyh-Horng
    Keywords: COVID-19;shadow banking;government capital injection;efficiency
    Date: 2020-08-29
    Issue Date: 2020-12-15 12:10:17 (UTC+8)
    Publisher: Applied Economics
    Abstract: This paper investigates the effects of the novel coronavirus (COVID-19) outbreak and government capital injections on the bank’s optimal interest margin and the efficiency gain/loss from the shadow banking operations. The down-and-out call option approach is adapted to model the structural break in volatility to capture the COVID-19 outbreak. Results show that the COVID-19 outbreak reduces the optimal bank interest margin, government capital injections enhance the margin, and both the outbreak and capital injections harm the efficiency gain from shadow banking. COVID-19, as such, makes the bank more prone to risk-taking, thereby adversely affecting banking stability.
    Relation: Applied Economics
    DOI: 10.1080/00036846.2020.1808183
    Appears in Collections:[國際企業學系暨研究所] 期刊論文

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