جستجوی مقالات مرتبط با کلیدواژه « Creating liquidity » در نشریات گروه « اقتصاد »

The growth of liquidity in recent years has increased sharply, with banks playing a significant role in this process through the creation of money via bank credits. This practice has led to imbalances in the banking network due to the location of new deposits. In this study, we intend to examine the process of money creation from nothing within the Iranian banking system. According to this theory, banks can create the entire amount of loans from nothing, based on the profitable opportunities available to them, and then seek to secure their reserves. To gain an insight regarding this process, the study garnered data from 18 banks listed on the Tehran Stock Exchange over the period from 2014 to 2022, using a panel data approach. The study employed two methods to explore the causal relationship between bank loans and deposit volumes. In the first method, two functions were estimated using the GLS estimation technique. The first function confirmed the causality from bank deposits to granted loans by estimating the relationship between deposit supply and loan provision. The second function, aimed at investigating money creation from nothing, established causality from loans to deposits. The second method involved performing a VAR test to determine the optimal number of lags between the two variables. Following this, the Granger causality test was applied, confirming the existence of a two-way relationship between loans and deposits.

Merger is a strategic measure taken by financial institutions to improve managerial performance. In fact, banks are always seeking to consolidate their actions in the market to converge to the optimum level, achieving integration and enabling banks to reduce their costs and, consequently, improve efficiency at the allocation and productivity levels. Many countries have experience of mergers, but the situation of banking mergers in Iran does not have a definite result to be judged. Therefore, considering the importance of the subject, the purpose of this study is to investigate the efficiency and liquidity situation in the conditions before and after merging with a set of 32 banks in the period 2020-2005 with the approach of Berger and Bowman (2008) and two-stage data envelopment analysis. In this regard, seven scenarios (including 6 public-private mergers and the actual merger of Sepah Bank) were considered. The average liquidity creation index was obtained in the period before the merger and after the merger, the liquidity increased, which could be due to the increase in banks' capital. Also, the performance after the merger increases in 6 scenarios and only one scenario shows a decrease; therefore, while merger is one of the ways to improve the efficiency of banks, choosing the right partner is one of the important components of merger success.