Contractual Savings Institutions and Banks' Stability and Efficiency

Impavido, Gregorio ; Musalem, Alberto R. ; Tressel, Thierry

World Bank, Washington, DC

关键词: ACCOUNTING STANDARDS;    ASYMMETRIC INFORMATION;    BALANCE SHEET;    BALANCE SHEETS;    BANK DEPOSITS;   

DOI  :  10.1596/1813-9450-2751
RP-ID  :  WPS2751

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The authors analyze the relationshipbetween the development of contractual savings institutionsand banks' efficiency, credit, and liquidity risks.They discuss the potential mechanisms through which thedevelopment of contractual savings institutions may affectthe banking sector. They show that the development ofcontractual savings institutions has a significant impact onbank spreads and loan maturity. After controlling forbanks' characteristics, macroeconomic factors, and morestandard indicators of financial development, they show thatthe development of contractual savings institutions isassociated with increased efficiency of the banking systemand greater resilience to credit and liquidity risks.