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Please use this identifier to cite or link to this item: https://digital.lib.ueh.edu.vn/handle/UEH/61776
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dc.contributor.authorLe T.-
dc.date.accessioned2021-08-20T13:43:00Z-
dc.date.available2021-08-20T13:43:00Z-
dc.date.issued2019-
dc.identifier.issn0307-4358-
dc.identifier.urihttp://digital.lib.ueh.edu.vn/handle/UEH/61776-
dc.description.abstractPurpose: The purpose of this paper is to investigate the interrelationship between liquidity creation (LC) and bank capital in Vietnamese banking between 2007 and 2015. Design/methodology/approach: A three-step procedure is used to measure LC. Thereafter, a simultaneous equations model with a three-stage least squares estimator is employed to examine the links between LC and bank capital. Findings: The findings show that large banks mainly contributed a strong growth in LC in Vietnam between 2007 and 2015. The findings also indicate that off-balance sheet activities only played a small role in LC. In addition, the findings indicate a negative two-way relationship between LC and bank capital in Vietnam. The results of the robust checks reinforce the main findings. Practical implications: The evidence shows that the implementation of Basel III may reduce LC and greater LC may increase banks’ insolvency. Consequently, this trade-off between the benefits of financial stability induced by tightening capital requirements and those of enhanced LC has important implications for Vietnamese authorities in strengthening the banking system. Originality/value: This study is the first attempt to investigate the interrelationship between LC and bank capital in Vietnam, in which fat liquidity creation and non-fat liquidity creation are used and alternative measures of LC are also employed to provide robustness to the main findings. © 2018, Emerald Publishing Limited.en
dc.formatPortable Document Format (PDF)-
dc.language.isoeng-
dc.publisherEmerald Group Holdings Ltd.-
dc.relation.ispartofManagerial Finance-
dc.relation.ispartofseriesVol. 45, Issue 2-
dc.rightsEmerald Publishing Limited-
dc.subjectBank capitalen
dc.subjectLiquidity creationen
dc.subjectThree-stage least squaresen
dc.subjectVietnamen
dc.titleThe interrelationship between liquidity creation and bank capital in Vietnamese bankingen
dc.typeJournal Articleen
dc.identifier.doihttps://doi.org/10.1108/MF-09-2017-0337-
dc.format.firstpage331-
dc.format.lastpage347-
ueh.JournalRankingScopus-
item.grantfulltextnone-
item.fulltextOnly abstracts-
item.openairetypeJournal Article-
item.cerifentitytypePublications-
item.languageiso639-1en-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
Appears in Collections:INTERNATIONAL PUBLICATIONS
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