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Discrete Dynamics in Nature and Society - Volume 2015 2015, Article ID 571384, 8 pages -

Research Article

School of Finance, Zhejiang University of Finance and Economics, Hangzhou 310018, China

Coordinated Innovation Centre of Wealth Management and Quantitative Investment, ZhejiangUniversity of Finance and Economics, Hangzhou 310018, China

The Global Banking and Markets, Hongkong and Shanghai Banking Corporation Limited, Hong Kong

Received 27 March 2015; Accepted 24 June 2015

Academic Editor: Rigoberto Medina

Copyright © 2015 Zhongyuan Geng and Xue Zhai. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

This paper applies the Panel Smooth Transition Regression PSTR model to simulate the effects of the interest rate and reserve requirement ratio on bank risk in China. The results reveal the nonlinearity embedded in the interest rate, reserve requirement ratio, and bank risk nexus. Both the interest rate and reserve requirement ratio exert a positive impact on bank risk for the low regime and a negative impact for the high regime. The interest rate performs a significant effect while the reserve requirement ratio shows an insignificant effect on bank risk on a statistical basis for both the high and low regimes.





Autor: Zhongyuan Geng and Xue Zhai

Fuente: https://www.hindawi.com/



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