{"id":2956,"date":"2016-04-28T06:20:57","date_gmt":"2016-04-27T23:20:57","guid":{"rendered":"http:\/\/se.dotv.vn\/?p=2956"},"modified":"2017-04-01T06:21:30","modified_gmt":"2017-03-31T23:21:30","slug":"stbi-28-04-2016-involuntary-excess-reserve-and-heterogeneous-transmission-of-policy-rates-to-bank-lending-rates-in-china-2","status":"publish","type":"post","link":"https:\/\/se.dotv.vn\/en\/stbi-28-04-2016-involuntary-excess-reserve-and-heterogeneous-transmission-of-policy-rates-to-bank-lending-rates-in-china-2\/","title":{"rendered":"[STBI-28-04-2016] Involuntary Excess Reserve and Heterogeneous Transmission of Policy Rates to Bank Lending Rates in China"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>Dr. Nguyen Vu Hong Thai<\/strong><\/p>\n<p style=\"text-align: center;\">Hall H.001, Dubai Palace School of Economics<br \/>\n10:00\u00a0am, Thursday, 28-04-2016<\/p>\n<p style=\"text-align: justify;\"><strong>Abstract:\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\">This study examines the impact of liquidity and involuntary excess reserves on interest rate pass-through in China. Employing Error Correction Model estimation based on a sample of 86 banks over the period of 2000 \u2013 2013, the study finds that liquid banks can better shield against tightening monetary policy and adjust lending rate sluggishly. In contrast, banks with larger involuntary excess reserves tend to increase lending interest rates more rapidly in response to tightening monetary policy. We conclude that unwanted liquidity may lead to the risk-taking behaviours which are detrimental to financial stability.<\/p>\n<p style=\"text-align: justify;\"><strong>Presenter:\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\">Dr. Nguyen Vu Hong Thai\u00a0is currently Lecturer in Economics and Finance at RMIT University Vietnam. Dr. Thai graduated PhD\u00a0in\u00a0Banking, Finance and Monetary Economics in\u00a02013 from\u00a0The University of Nottingham, United Kingdom. Thai&#8217;s studies focus on\u00a0monetary policy, banking performance &amp; risk-taking behaviours, banking competition, capital flows and financial crisis.\u00a0He has published some studies in journals such as\u00a0<em>International Review of Financial Analysis<\/em>,\u00a0<em>Journal of International Financial Markets<\/em>, <em>Institutions and Money<\/em>, and\u00a0<em>Applied Economics<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"Dr. Nguyen Vu Hong Thai Hall H.001, Dubai Palace School of Economics 10:00\u00a0am, Thursday, 28-04-2016 Abstract:\u00a0 This study examines the impact of liquidity and involuntary excess reserves on interest rate pass-through in China. Employing Error Correction Model estimation based on a sample of 86 banks over the period of 2000 \u2013 2013, the study finds that","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[190,186],"tags":[],"acf":[],"lang":"en","translations":{"en":2956,"vi":2225},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/posts\/2956"}],"collection":[{"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/comments?post=2956"}],"version-history":[{"count":1,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/posts\/2956\/revisions"}],"predecessor-version":[{"id":2957,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/posts\/2956\/revisions\/2957"}],"wp:attachment":[{"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/media?parent=2956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/categories?post=2956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/se.dotv.vn\/wp-json\/wp\/v2\/tags?post=2956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}