scholarly journals Global Credit Shocks and Real Economies

2021 ◽  
Author(s):  
Helmut Herwartz ◽  
Christian Ochsner ◽  
Hannes Rohloff
Keyword(s):  
Credit Shocks

scholarly journals Financial Performance and Income Diversity: Does Ownership Matter? Evidence from Vietnamese Commercial Banks

2020 ◽  
Vol 12 (8) ◽  
pp. 77
Author(s):  
Tin H. Ho
Keyword(s):  
Financial Performance ◽  
Commercial Banks ◽  
Banking Sector ◽  
Stock Exchange ◽  
Real Estate Market ◽  
State Ownership ◽  
Annual Data ◽  
Operating Income ◽  
Panel Regressions ◽  
Credit Shocks

In the context of the sharp development of the Vietnamese stock market in recent years, financial performance of listed firms is drawing the attention of investors, particularly in banking industry. Moreover, the harmony of income diversity or reducing the relying on traditional activities of commercial banks is thriving in the world and strongly influence on Vietnam’s banking, especially when the outbreak of COVID-19 worldwide may result in the freeze of real estate market, which leads to devaluate collaterals as well as the risk of non-performing loans, so-called “credit shocks”. This paper, therefore, examines the impacts of income diversity on financial performance of Vietnamese commercial banks in the period from 2007 to 2019. To conduct this study, annual data are collected of 26 commercial banks, listed in Ho Chi Minh Stock Exchange (HOSE), Ha Noi Stock Exchange (HNX), UPCoM and OTC. The research develops an exploratory model reflecting financial performance of the banks in relation to their income diversity and analyzes data using panel regressions. The results show that there is no relationship between financial performance and income diversity due to its low proportion in total operating income. However, the state ownership makes stronger this relationship despite the small impacts. The findings are expected to add the gap in the existing literature, lacking of investigating the impacts of market power on bank income diversity, and the moderating role of state ownership in this relation in Vietnamese banking sector, which is ignored or opposite in most recent studies. Thereby, the paper also gives some useful implications for investors, bank managers as well as policy makers to catch up the market fluctuations.

scholarly journals Social groups and credit shocks: Evidence of inequalities in consumption smoothing

2020 ◽  
Vol 68 ◽  
pp. 311-326
Author(s):  
Vibhor Saxena ◽  
Ishaan Bindal ◽  
Philippe LeMay-Boucher
Keyword(s):  
Social Groups ◽  
Consumption Smoothing ◽  
Credit Shocks

scholarly journals Analysis of The Relationship among Macroeconomics, Monetary and Income Inequality

2020 ◽  
Vol 9 (4) ◽  
pp. 427-442
Author(s):  
Abdulrahman Taresh A. ◽  
Dyah Wulan Sari ◽  
Rudi Purwono
Keyword(s):  
Income Inequality ◽  
Low Income ◽  
Government Spending ◽  
Bank Credit ◽  
Svar Model ◽  
Low Income Families ◽  
Credit Shocks ◽  
The Impact ◽  
The Relationship ◽  
Auto Regression

Income inequality in Indonesia remains a controversial issue in the context of Indonesian macroeconomic condition that is evolving in output and government spending, and its increase in consumption accompanied by inflation and slowing of bank credit. The purpose of this study is to investigate the relationship among macroeconomics, monetary and income inequality through a broad theoretical model by adopting a panel Structural Vector Auto-regression (SVAR) model to get more sample size during the period 2005-2018 at 33 provinces in Indonesia. The main results indicate that the variables of output and inflation have positive relationships. The relationship between output and income inequality is also significantly correlated, and those results supported by Kuznets's theory reveal that the relationship between economic growth and income inequality is positive in the short term. The relationship between inflation and income inequality is positive as well in Indonesia. This result is by the fact that low-income families are considered more vulnerable to inflation. The impact of non-food consumption shocks increases income inequality, while Indonesian government spending and bank credit shocks reduce income inequality. Then the response of savings and bank credit to the shock of income inequality is positive.

scholarly journals Do Credit Shocks Matter? A Global Perspective

2010 ◽  
Vol 10 (261) ◽  
pp. 1 ◽  
Author(s):  
Thomas Helbling ◽  
M. Ayhan Kose ◽  
Christopher Otrok ◽  
Raju Huidrom ◽  
◽  
...  
Keyword(s):  
Global Perspective ◽  
Credit Shocks
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