The Impact of Cross-Border Capital Flows on Liquidity Risk of Chinese Commercial Banks:Concurrently on the Moderating Effect Based of Economic Policy Uncertainty
Based on the samples of 42 listed commercial banks in 2010-2021,the two-way fixed effect model is used to explore the impact of cross-border capital flows on bank liquidity risk.The results show that cross-border capital flows can enhance the liquidity risk of commercial banks by improving liquidity mismatch.The liquidity of joint-stock banks,city commercial banks and non-global systemically important banks is more vulnerable to the threat of cross-border capital flows.The development of traditional and digital financial markets will strengthen the response of bank liquidity risks to cross-border capital flows,while the diversification of bank income structure at a moderate level,the improvement of marketization level and the strengthening of financial supervision will all weaken the impact of cross-border capital flows on bank liquidity risks.The economic policy uncertainty strengthens the promotion effect of cross-border capital flows on bank liquidity risk,especially for non-global systemically important banks.
Cross-border Capital FlowLiquidity RiskLiquidity MismatchEconomic Policy Uncertainty
NETL
NSTL
万方数据
