Macroprudential Regulation and Bank Liquidity Creation
After a comprehensive and systematic analysis of the impact of macro-prudential regulation on bank liquidity creation,we found that macro-prudential tools have a significant negative effect on bank liquidity creation.The negative effect of macro-prudential regulation on national commercial banks is weaker than that of regional banks,as well as on banks with low concentra-tion of customers and concentrated ownership structure.In addition,the strengthening of macro-prudential policies has made banks less sensitive to loose monetary policies and weakened the effect of monetary policies.
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