چکیده:
Bank liquidity increases the ability of banks in case of suddenly decreasing deposits and for the purpose of credit financing. The central bank as a policy-maker institution can play an important role in preventing a liquidity crisis، when the banks' liquidity risks have increased. One of the most important tools for central bank is liquidity injection in the banking system in a liquidity crisis. Since effectiveness of liquidity injection in reducing the probability of liquidity risk depends on the health status of the banks، in this paper we study the effect of liquidity injection on reducing liquidity crisis with a consideration for soundness of banking activities، using a a panel-logit model and balance sheet and income statement data for the period of 2006-2013. Results show that liquidity injection reduces liquidity risk and if one bank is more stable than other banks، it will have lower liquidity risk than others.
خلاصه ماشینی:
Since the effectiveness of liquidity injection in reducing the probability of liquidity risk occurrence depends on the level of bank health, this article attempts to analyze the role of monetary policy in reducing the probability of liquidity risk occurrence in the country's banking network, considering the level of bank health, by employing the panel logit method and using balance sheet and profit and loss data of banks in the country during the period 2006-2013.
Munteanu (2012), using the panel method for the period 2002-2010 for the country of Romania and by selecting interest rate determination as the role of the central bank and considering the loan-to-total assets ratio and the liquid asset to demand deposit ratio as liquidity indices, has identified the factors that affect a bank's liquidity risk.
In periods where banks have faced a decrease in the ratio of liquid assets to total deposits, this decrease has resulted from a reduction in deposit-taking from the interbank market, the consequence of which is the loss of the interbank market and an increase in liquidity risk, which will ultimately have a negative effect on banking health.
Table (4)- Variables used in the model Macro and banking variables Abbreviation Inflation rate Inf Profitability index Roe Banking soundness (Capital adequacy) Ca Banking soundness (Bank risk-taking) Npl Debt to central bank Dc Product of the dummy variable for bank risk-taking and debt to central bank Dc*dnpl Deposit interest rate Rd Based on the theories stated in the second section of the article, banks allocate their resources to long-term assets such as granted facilities to increase profitability.
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