Shadow Banking and Risk: the Case of Iran

سال انتشار: 1403
نوع سند: مقاله ژورنالی
زبان: انگلیسی
مشاهده: 50

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شناسه ملی سند علمی:

JR_JEOPO-5-1_008

تاریخ نمایه سازی: 29 اردیبهشت 1403

چکیده مقاله:

Banks and financial institutions face various risks. The effective management of these risks plays a vital role in the efficiency and effectiveness of these banks. One of these risks is shadow banking in the financial institutions. This paper conducts the research to discuss the effects of shadow banks on banking risk. The research problem of the paper is how the operations of Iranian state banks affects risk and which policy should be used. We analysis this risk with a selection of state banks from ۲۰۱۶ to ۲۰۲۲. Capital structure, asset quality, liquidity, capital adequacy and banks' size are considered as explanatory and control variables. We used the ratio of off-balance sheet items to total asset, bank claims from subsidiaries and bank investment in securities as the indicators of shadow banking respectively in three models estimation of the effects of shadow banking on risk based on Panel Data. The results show that shadow banking, with the three indicators which used, significantly increase the risk, while capital structure offset part of such an effect. In other words, increasing the ratio of off-balance sheet items to assets, bank claims from subsidiaries and bank investment in securities leads to higher risk. However, a perfect capital structure can offset part of increasing effect of shadow banking on the risk. Results also indicate an increase in asset quality, liquidity, and capital adequacy lead to a decrease in the risk, while expansion of banks' size increase the risk.

نویسندگان

Seyed-masoud Tabatabaie

Ph.D. Candidate in Economics, Yazd University , Yazd, Iran

Seyed-nezamuddin Makiyan

Associate Prof. in Economics, Yazd University, Yazd, Iran

Zahra Nasrollahi

Prof. in Economics, Yazd University, Yazd, Iran