Scopus
🔓 Açık Erişim YÖKSİS Eşleşti
Does the Shadow Economy Cast a Cloud on Banking Sector Resilience?
Scottish Journal of Political Economy · Ocak 2025
YÖKSİS Kayıtları
Does the Shadow Economy Cast a Cloud on Banking Sector Resilience?
Scottish Journal of Political Economy · 2025 SSCI
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Makale Bilgileri
DergiScottish Journal of Political Economy
Yayın TarihiOcak 2025
Scopus ID2-s2.0-105004011095
Erişim🔓 Açık Erişim
Özet
Employing 127 countries over the 1991–2017 period, we investigate whether the shadow economy affects banking sector resilience, as measured by bank non-performing loans, bank capital to total assets, and bank regulatory capital to risk-weighted assets. Using several different methodologies including System GMM, IV estimation, the High Dimensional Fixed Effects (HDFE) estimator, and Least Squares Dummy Variable (LSDV) estimation, we find that the shadow economy significantly negatively affects banking sector resilience. The Juodis et al. (2021) Granger non-causality tests further reveal a bi-directional causality between the shadow economy and bank non-performing loans and bank capital to total assets.
Yazarlar (3)
1
Arusha Cooray
ORCID: 0000-0001-8809-9188
2
Ibrahim Özmen
ORCID: 0000-0003-2632-4217
3
Friedrich Schneider
Anahtar Kelimeler
bank capital
banking sector resilience
non-performing loans
shadow economy
Kurumlar
James Cook University
Townsville Australia
Johannes Kepler University Linz
Linz Austria
Selçuk Üniversitesi
Selçuklu Turkey