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| Deposit Competition, Shadow Banking and Bank Systemic Risk: Evidence from the Listed Banks in China |
| GUO Ye, ZHAO Jing
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| School of Economics/ Wang Yanan Institute for Studies in Economics, Xiamen University |
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Abstract It is difficult for banks to cope with competition by extending loans in the balance sheet along with the intensity of bank supervision. This paper empirically examines the relationship between deposit competition, shadow banking and bank systemic risk, based on the estimation of the Lerner Index and ΔCoVaR, employing an unbalanced panel data of 16 listed banks in China during 2008-2015. The result shows that the fierce bank deposit competition is the vital reason of rapid development of the shadow banking, and banks will become more aggressive in shadow banking if their loan-to-deposit ratio(LDR) is higher or capital adequacy ratio(CAR) is lower. Moreover, shadow banking exacerbates the impact on systemic risk of deposit competition. Bank deposit competition increases bank systemic risk mainly through shadow banking.
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Received: 25 January 2016
Published: 18 January 2018
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