本研究旨在探討2000-2017年期間撒哈拉以南非洲地區(qū)金融穩(wěn)定的潛在影響因素。為了實(shí)現(xiàn)這一研究目標(biāo),本文根據(jù)數(shù)據(jù)的可用性,使用了 38個(gè)國家的不平衡面板數(shù)據(jù)。為了解決銀行業(yè)可能出現(xiàn)的內(nèi)生性問題,本文采用廣義矩估計(jì)方法對所提出的假設(shè)進(jìn)行了實(shí)證檢驗(yàn)。因?yàn)镾SA的經(jīng)濟(jì)體基本上都是銀行,而且大多數(shù)沒有資本市場,因此本文分析的重點(diǎn)是金融系統(tǒng)的銀行業(yè)。本研究主要以銀行Z評分、銀行監(jiān)管資本及不良貸款占貸款總額比率作為衡量金融穩(wěn)定的主要指標(biāo)。根據(jù)現(xiàn)有文獻(xiàn),可能影響金融體系穩(wěn)定的自變量分別為銀行效率、銀行競爭、銀行集中度、金融服務(wù)準(zhǔn)入、金融深化和公共部門治理�；貧w分析是以金融自由度、最近全球金融危機(jī)和宏觀經(jīng)濟(jì)商業(yè)周期為控制變量進(jìn)行的。研究的主要結(jié)果表明,銀行的盈利能力與整體金融穩(wěn)定性密切相關(guān),并降低了投資組合風(fēng)險(xiǎn)。研究還發(fā)現(xiàn),成本管理的低效性導(dǎo)致了銀行穩(wěn)定,并降低了銀行的風(fēng)險(xiǎn)承擔(dān)水平。根據(jù)這一觀察結(jié)果,監(jiān)管機(jī)構(gòu)可以采取禁止性措施,如強(qiáng)制銀行持有更多股本以抑制風(fēng)險(xiǎn)承擔(dān),從而保持穩(wěn)定。盡管銀行參與非傳統(tǒng)活動(dòng)似乎增加了資本持有量,但這導(dǎo)致了高風(fēng)險(xiǎn)承擔(dān)和整體穩(wěn)定性下降。實(shí)證分析結(jié)果進(jìn)一步表明,最大的三家銀行的... 

【文章頁數(shù)】：149 頁

【學(xué)位級別】：博士

【文章目錄】：
ABSTRACT
摘要
CHAPTER ONE: INTRODUCTION
    1.1 Definitions of key terms
        1.1.1 Financial system
        1.1.2 Financial stability
    1.2 Background and problem statement
    1.3 Objective and research questions
    1.4 Scope of the research
    1.5 Contributions and limitations of the study
    1.6 Outline of the thesis
CHAPTER TWO: LITERATURE REVIEW
    2.1 Theoretical foundations of financial Stability
        2.1.1 Macroeconomy
        2.1.2 Financial institutions
        2.1.3 Financial markets
        2.1.4 Efficiency and market structure
        2.1.5 Opinions on the link between banking concentration,competition, andfinancial stability
        2.1.6 Financial deepening
    2.2 Earlier studies related to financial stability
        2.2.1 Financial deepening and stability
        2.2.2 Access to financial services and stability
        2.2.3 Banking efficiency and stability
        2.2.4 Banking concentration, competition and stability
        2.2.5 Good governance and financial stability
        2.2.6 Additional literature
CHAPTER THREE: UNDERSTANDING FINANCIAL SYSTEM IN SUB-SAHARAN AFRICA
    3.1 Banking sector in Sub-Saharan Africa
    3.2 Stock market in Sub-Saharan Africa
CHAPTER FOUR: DATA AND ESTIMATION METHOD
    4.1 Data and their description
        4.1.1 Dependents variables
        4.1.2 Independent variables
    4.2 Test for multicollinearity
    4.3 Panel Unit Root Test
    4.4 Data analysis techniques
        4.4.1 Panel Generalize method of moments
        4.4.2 Panel Corrected Standard Errors Model
CHAPTER FIVE: FINDINGS AND DISCUSSION
    5.1 Descriptive Statistics
        5.1.1 Overall summary statistics
        5.1.2 Mean values across time
        5.1.3 Mean values by country
    5.2 Correlation analysis
    5.3 Empirical analysis
        5.3.1 Testable hypotheses
        5.3.2 Estimation results of main models through linear frameworks
        5.3.3 Results of estimation through non-linear frameworks
CHAPTER SIX: CONCLUSION
    6.1 Summary
    6.2 Conclusions
    6.3 Policy implications and Recommendations
    6.4 Limitations and future research
APPENDICES
    Interaction in financial system
    Functions of a financial system
REFERENCES
LIST OF PUBLICATIONS
ACKNOWLEDGEMENT



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