Financial Development and Effect of Monetary Policy on Bank Risk: A Case Study in Emerging Market Countries
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Abstract
This research aims to study the effect of monetary policy on commercial bank risk by using the data from 26 Emerging Market Countries between 2000 and 2019. The study also examines the influence of financial development, including the development of banking and capital market in terms of size, activities, and efficiency, on the effect of monetary policy on commercial bank risk. The Generalized Method of Moments estimation result shows that monetary policy significantly affects commercial bank risk. This effect is relatively low, especially when a bank has higher capital and liquidity. Financial development, including the development in terms of size, activities, and efficiency, is lower than the effect of monetary policy on bank risk.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
ลิขสิทธิ์ของบทความ
ผลงานที่ได้รับการตีพิมพ์ถือเป็นลิขสิทธิ์ของมหาวิทยาลัยหอการค้าไทย ห้ามมิให้นำเนื้อหา ทัศนะ หรือข้อคิดเห็นใด ๆ ของผลงานไปทำซ้ำ ดัดแปลง หรือเผยแพร่ ไม่ว่าทั้งหมดหรือบางส่วนโดยไม่ได้รับอนุญาตเป็นลายลักษณ์อักษรจากมหาวิทยาลัยหอการค้าไทยก่อน
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