Liangliang Jiang

Lingnan University
Hong Kong

E-Mail: liangliangjiang@ln.edu.hk
Institutional Affiliation: Lingnan University

NBER Working Papers and Publications

April 2016Competition and Bank Liquidity Creation
with Ross Levine, Chen Lin: w22195
Does an intensification of competition among banks increase or decrease liquidity creation? By integrating the dynamic process of interstate bank deregulation that lowered barriers to competition across U.S. states over the 1980s and 1990s with the gravity model of the geographic expansion of banks, we construct time-varying measures of the competitive pressures facing each individual bank. We find that regulatory-induced competition reduced liquidity creation. Consistent with some theories, we also find that the liquidity-destroying effects of competition are mitigated among more profitable banks and heightened among smaller banks.

Published: Liangliang Jiang & Ross Levine & Chen Lin, 2019. "Competition and Bank Liquidity Creation," Journal of Financial and Quantitative Analysis, vol 54(2), pages 513-538. citation courtesy of

December 2014Competition and Bank Opacity
with Ross Levine, Chen Lin: w20760
Did regulatory reforms that lowered barriers to competition among U.S. banks increase or decrease the quality of information that banks disclose to the public and regulators? We find that an intensification of competition reduced abnormal accruals of loan loss provisions and the frequency with which banks restate financial statements. The results indicate that competition reduces bank opacity, enhancing the ability of markets and regulators to monitor banks.

Published: Liangliang Jiang & Ross Levine & Chen Lin, 2016. "Competition and Bank Opacity," Review of Financial Studies, Society for Financial Studies, vol. 29(7), pages 1911-1942. citation courtesy of

National Bureau of Economic Research
1050 Massachusetts Ave.
Cambridge, MA 02138

Twitter RSS

View Full Site: One timeAlways