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Full-Text Articles in Finance and Financial Management
Qep And Bank Liquidity Creation: Evidence From Japan, Elisabeta Pana
Qep And Bank Liquidity Creation: Evidence From Japan, Elisabeta Pana
Elisabeta Pana
The 2001-2006 Japanese quantitative easing policy (QEP) represents the most prominent example of unconventional monetary policy used prior to the recent financial crisis. This paper contributes to the current debate over the effectiveness of Japan’s QEP by documenting the changes in absolute amount of liquidity created by Japanese banks during the period of 2001-2007. Using the liquidity creation measure developed by Berger and Bouwman (2009), we document the impact of macroeconomic factors and bank characteristic on liquidity creation. The analysis is conducted in a multivariate dynamic panel regression framework using a dataset comprised of 120 Japanese banks containing balance sheet …
Commercial Real Estate Concentrations, Elisabeta Pana
Commercial Real Estate Concentrations, Elisabeta Pana
Elisabeta Pana
No abstract provided.
The Impact Of Bank Mergers On Liquidity Creation, Elisabeta Pana, Jin Park, Tim Query
The Impact Of Bank Mergers On Liquidity Creation, Elisabeta Pana, Jin Park, Tim Query
Elisabeta Pana
No abstract provided.
Credit Unions As Liquidity Creators, Elisabeta Pana, Tarun Mukherjee
Credit Unions As Liquidity Creators, Elisabeta Pana, Tarun Mukherjee
Elisabeta Pana
No abstract provided.