This study employs bank‐level data covering 3007 individual banks (commercial, savings, and others) in 27 Asian countries to investigate the determinants of bank liquidity creation, considering four conditional factors over the period 1999–2013: credit risk, deposit insurance, financial market regulations, and bank reforms. Bank liquidity creation is shown to be statistically and economically significantly positively related to real economic output, as well as illiquid assets and core deposits. Larger banks increase their liquid assets ratio, but decrease their credit commitment. Countries implementing an explicit deposit insurance scheme may lead to moral hazard and excessive bank risk taking. If supervisory authorities can force a bank to change its internal organizational structure, or have more power to take legal action against external auditors for negligence, or increase capital requirements, then banks generally reduce their lending activities. Nevertheless, larger banks are able to increase liquid assets and lending to those countries with stricter financial regulations.

中文翻译：

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银行流动性创建，法规和信用风险

这项研究使用涵盖27个亚洲国家/地区的3007家个体银行（商业银行，储蓄银行和其他银行）的银行级别数据，研究了银行流动性创造的决定因素，同时考虑了1999-2013年期间的四个条件因素：信贷风险，存款保险，金融市场法规和银行改革。事实证明，在统计和经济上，银行流动性的创造与实际经济产出以及流动性资产和核心存款呈显着正相关。较大的银行增加其流动资产比率，但减少其信贷承诺。实施明确的存款保险计划的国家可能会导致道德风险和过度承担银行风险。如果监管机构可以强迫银行改变其内部组织结构，或有权对外部审计师的疏忽采取法律行动，或增加资本要求，那么银行通常会减少其借贷活动。尽管如此，大型银行仍能够增加流动资产并向金融法规更为严格的国家提供贷款。