Bank Efficiency and the Bond Markets: Evidence from the Asia and Pacific Region

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dc.contributor.authorPark, Donghyun; Tian, Shu; Wu, Qiongbing
dc.date.accessioned2021-10-05T15:06:27Z
dc.date.available2021-10-05T15:06:27Z
dc.date.issued2020-03
dc.descriptionThis paper examines the association between bond market development and profit and cost efficiency of commercial banks, based on bank-level data from 27 economies in the Asia and Pacific region. The study finds that bond market size and structure are relevant to bank efficiency. A larger bond market is generally associated with higher profit efficiency and lower cost efficiency of commercial banks. Given bond market size, a larger share of corporate bonds will enhance both bank profit and cost efficiency. The policy implications of this paper are that balanced and well-developed capital markets will benefit banking sector operations.
dc.format.extent36
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-6537
dc.identifier.issn2313-6545
dc.identifier.urihttps://www.adb.org/publications/bank-efficiency-bond-markets-asia-pacific
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5815
dc.subject.otherFinance sector development
dc.subject.otherFinancial institutions and services
dc.subject.otherFinancial markets
dc.subject.otherFormal banking institutions
dc.titleBank Efficiency and the Bond Markets: Evidence from the Asia and Pacific Region
local.publication.countryRegional - Asia and the Pacific

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