The Impact of Local Debt on the Risk-taking of Small and Medium-sized Banks from the Perspective of Financial Segmentation
Due to the segmentation of financial markets in reality,the borrowing and borrowing behavior of local gov-ernments has a huge impact on the credit business and risk bearing of local small and medium-sized com-mercial banks.This article uses a dynamic stochastic general equilibrium model to analyze the intrinsic correlation between local debt and risk bearing of small and medium-sized banks through numerical simu-lation,and empirically tests it using data from provincial-level local debt and small and medium-sized banks in China from 2015 to 2022.The research results indicate that the expansion of local debt will exac-erbate the risk-taking level of small and medium-sized banks,especially the impact on small and medium-sized banks and rural commercial banks in the central and western regions.After analyzing the channels of action,considering endogeneity issues,and conducting robustness tests,this conclusion still holds.Therefore,optimizing the debt structure and clarifying the relationship between government and banks is of great significance for maintaining the bottom line of preventing systemic financial risks.
NETL
NSTL
万方数据
