Deposit insurance system, risk-adjusted premium and bank systemic risk: Evidence from China

Acharya V., Santos J., Yorulmazer T. Systemic Risk and Deposit Insurance Premiums [M]. Federal Reserve Bank of New York, 2010. Aldunate, 2019, Deposit insurance, bank risk-taking, and failures: evidence from early twentieth-century state deposit insurance systems, Rev. Corp. Financ. Stud., 8, 260, 10.1093/rcfs/cfz001 Anginer, 2014, How does competition affect bank systemic risk?, J. Financ. Inter., 23, 1 Ashraf, 2020, Capital regulation, deposit insurance and bank risk: international evidence from normal and crisis periods, Res. Int. Bus. Financ., 52, 10.1016/j.ribaf.2020.101188 Barth, 2013, Bank regulation and supervision: what works best?, J. Bank. Financ., 37, 2879, 10.1016/j.jbankfin.2013.04.030 Boss, 2004, Network topology of the interbank market, Quant. Finance, 4, 677, 10.1080/14697680400020325 Boyd, 2005, The theory of bank risk taking and competition revisited, J. Financ., 60, 1329, 10.1111/j.1540-6261.2005.00763.x Boyd, 1986, Regulation, and bank holding company expansion into nonbanking, Q. Rev., 2 Calomiris C.W., Chen S. The spread of deposit insurance and the global rise in bank asset risk since the 1970s [J]. Journal of Financial Intermediation 2020 Aug: 100881. Calomiris, 2019, Stealing deposits: deposit insurance, risk‐taking, and the removal of market discipline in early 20th‐century banks, J. Financ., 74, 711, 10.1111/jofi.12753 Cerrone, 2018, Deposit guarantee reform in Europe: does European deposit insurance scheme increase banking stability?, J. Econ. Policy Reform, 21, 224, 10.1080/17487870.2017.1400434 Chernykh, 2011, Does deposit insurance improve financial intermediation? Evidence from the russian experiment, J. Bank. Financ., 35, 388, 10.1016/j.jbankfin.2010.08.014 Chiaramonte, 2020, Deposit insurance schemes and bank stability in Europe: how much does design matter?, Eur. J. Financ., 26, 589, 10.1080/1351847X.2019.1607763 Cruz-Garcia, 2020, Determinants of net interest margin: the effect of capital requirements and deposit insurance scheme, Eur. J. Financ., 26, 1102, 10.1080/1351847X.2019.1700149 Demirguc-Kunt, 2004, Market discipline and deposit insurance, J. Monet. Econ., 51, 375, 10.1016/j.jmoneco.2003.04.001 Demirguc-Kunt, 2002, Deposit insurance around the globe: where does it work?, J. Econ. Perspect., 16, 175, 10.1257/0895330027319 Demirguc-Kunt, 2008, Determinants of deposit-insurance adoption and design, J. Financ. Inter., 17, 407 Demirguc-Kunt, 2015, Deposit insurance around the world: a comprehensive analysis and database, J. Financ. Stab., 20, 55 Dewenter, 2018, Institutions and deposit insurance: empirical evidence, J. Financ. Serv. Res., 54, 269, 10.1007/s10693-017-0271-8 Diamond, 1983, Bank runs, deposit insurance, and liquidity, J. Political Econ., 91, 401, 10.1086/261155 Fungacova, 2017, Bank capital, liquidity creation and deposit insurance, J. Financ. Serv. Res., 51, 97, 10.1007/s10693-016-0240-7 Furfine, 1999, The microstructure of the federal funds market, Financ. Mark. Inst. Instrum., 8, 24, 10.1111/1468-0416.00031 Gropp, 2004, Deposit insurance, moral hazard and market monitoring, Rev. Financ., 8, 571, 10.1093/rof/8.4.571 Grossman, 1992, Deposit insurance, regulation, and moral hazard in the thrift industry: evidence from the 1930's, Am. Econ. Rev., 800 Guo, 2017, Deposit insurance system, bank heterogeneity and bank individual risk, Econ. Res., 52, 134 Hakenes, 2011, Bank size and risk-taking under Basel II, J. Bank. Financ., 35, 1436, 10.1016/j.jbankfin.2010.10.031 Houston, 2010, Creditor rights, information sharing, and bank risk taking, J. Financ. Econ., 96, 485, 10.1016/j.jfineco.2010.02.008 Hovakimian, 2003, How country and safety-net characteristics affect bank risk-shifting, J. Financ. Serv. Res., 23, 177, 10.1023/A:1024699811875 Ioannidou, 2019, Panel Data Econometrics, 839 Ji, 2018, Implicit depository insurance, explicit depository insurance and financial crisis: international experience and Chinese practice, Econ. Res., 53, 20 Jumreornvong, 2018, Capital adequacy, deposit insurance, and the effect of their interaction on bank risk, J. Risk Financ. Manag., 11, 79, 10.3390/jrfm11040079 Kamani, 2019, The effect of non-traditional banking activities on systemic risk: does bank size matter?, Financ. Res. Lett., 30, 297, 10.1016/j.frl.2018.10.013 Karels, 1999, Deposit insurance and bank risk-taking behavior in the credit union industry, J. Bank. Financ., 23, 105, 10.1016/S0378-4266(98)00074-0 Laeven L., Valencia F. Systemic Banking Crises Database: A Timely Update in COVID-19 Times [J]. IMF Discussion Paper, DP14569, April 2020. Laeven, 2013, Systemic banking crises database, IMF Econ. Rev., 61, 225, 10.1057/imfer.2013.12 Laeven, 2016, Bank size, capital, and systemic risk: some international evidence, J. Bank. Financ., 69, S25, 10.1016/j.jbankfin.2015.06.022 Lee, T.-H. and S.-H. Chih. "Does financial regulation affect the profit efficiency and risk of banks? Evidence from China's commercial banks." The North American Journal of Economics and Finance, 2013, 26: 705–724. Li, 2019, Systemic risk of financial institutions: importance and vulnerability, J. Financ. Econ., 45, 100 Lian, 2016, Risk contagion in inter-bank networks: an empirical study of China's banking industry, J. Financ. Econ., 42, 63 MacKinnon, 2002, A comparison of methods to test mediation and other intervening variable effects, Psychol. Methods, 7, 83, 10.1037/1082-989X.7.1.83 Merton, 1977, On the pricing of contingent claims and the Modigliani-Miller theorem, J. Financ. Econ., 15, 241, 10.1016/0304-405X(77)90020-4 Mora, 2019, Alternative diff-in-diffs estimators with several pretreatment periods, Econom. Rev., Taylor Fr. J., 38, 465, 10.1080/07474938.2017.1348683 Moser, 2012, Compulsory licensing: evidence from the trading with the enemy act, Am. Econ. Rev., 102, 396, 10.1257/aer.102.1.396 Ngalawa, 2016, Banking instability and deposit insurance: the role of moral hazard, J. Appl. Econ., 19, 323, 10.1016/S1514-0326(16)30013-7 Pennacchi, 2019, Deposit insurance, bank regulation, and financial system risks, Econom. Rev., 38, 5 Saunders, 1999, The impact of consolidation and safety-net support on canadian, US and UK Banks: 1893–1992, J. Bank. Financ., 23, 537, 10.1016/S0378-4266(98)00080-6 Sheldon, 1998, Interbank lending and systemic risk: An empirical analysis for Switzerland, Revue suisse d economie politique et de statistique, 134, 685 Sobel, 1982, Asymptotic confidence intervals for indirect effects in structural equation models, Sociol. Methodol., 13, 290, 10.2307/270723 Upper, 2004, Estimating bilateral exposures in the German interbank market: Is there a danger of contagion?, Eur. Econ. Rev., 48, 827, 10.1016/j.euroecorev.2003.12.009 Varotto, 2018, Systemic risk and bank size, J. Int. Money Financ., 82, 45, 10.1016/j.jimonfin.2017.12.002 Wells, 2002, UK interbank exposures: systemic risk implications, Financial Stability Review, 13, 175 Xiang, 2020, Whether deposit insurance system reduces bank risks: empirical evidence from China, World Econ., 03, 117 Yoshino, 2019, Fair premium rate of the deposit insurance system based on banks’ creditworthiness, Stud. Econ. Financ., 36