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:: year 12, Issue 40 (9-2019) ::
JMBR 2019, 12(40): 167-196 Back to browse issues page
Strategic interaction on Liquidity Risk in Iranian Banks
Gholamhossein Asadi1, Hossein Abdo Tabrizi1, Tayebe Bakhtiarian 2
1- Faculty of management and Accounting, Shahid Beheshti University
2- Faculty of management and Accounting , Shahid Beheshti University
Abstract:   (1193 Views)
The peer effects induced by social interactions have been studied empirically for several socio-economic phenomena in the last three decades. Before, economists have considered preferences of actors as exogenous parameters which are a tradition rooted in the work of Milton Friedman. But most recently, many economists have studied processes of preference formation of actors and have developed theoretical models of endogenous preferences. The aim of this study is also to examine strategic interaction or peer effect systemic component on funding liquidity risk in banking industry of Iran and whether banks’ liquidity and maturity mismatch decisions of assets and liabilities are affected by the choices of competitors or not. The research sample includes all active banks of Iran from 2002 to 2016 and the model used is the liner regression model based on Manski's assumptions and instrumental variable approach. The evidences suggest that smaller banks are affected larger banks and learning and crises seems to drive the peer effect in funding liquidity risk of banks in those years.
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Type of Study: Empirical Study | Subject: Financial Institutions and Services (G2)
Received: 2019/11/15 | Accepted: 2020/02/26 | Published: 2020/03/14
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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
year 12, Issue 40 (9-2019) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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