时  间：2020年4月29日 19:00–20:30

线上平台与会议ID： ZOOM，640 6587 5997

主  题： Inclusive Banking, Financial Regulation and Bank Performance: Cross-Country Evidence

主办单位：金融学院

论文摘要：

In light of the recent policy debate on inclusive financial intermediation, this paper investigates whether inclusive banking can boost bank-level performance. Using an international sample of banks, we find that there is a strong positive association between financial inclusion and bank efficiency. On exploring the plausible channels of the impact, we find that greater financial inclusion helps banks in reducing the volatility of their deposit-funding share as it provides more stable long-term funds for banks, while also mitigating the negative effects of their return volatility. We then show that the positive association is stronger in countries with limited restrictions on banking activities or more capital regulation stringency, as the deposit channel enables greater flow of low-cost funds into the banking system. This association is robust to bank fixed effects, instrumental variable analysis, and a difference-in-differences estimator that exploits cross-country and temporal variation in the timing of actively promoting inclusive agenda (with hand-collected data on membership of an inclusive policy network of countries), implying that inclusive financial development is also beneficial for banks.

主讲人简介：

Sushanta Mallick执教于伦敦大学商务与管理学院，任国际金融教授。研究方向为宏观和微观方面的国际经济和金融发展。他是国际知名的《经济建模》联席主编，在国际知名期刊Journal of Financial Stability,  Journal of International Money and Finance上发表文章超过90篇。