此外，國家治理減輕了 EPU 對銀行流動性創造的負面影響，但這種影響不存在金融危機期間。我們的結果在子樣本，二階段最小平方法(2SLS)和廣義動差估計（GMM）中是穩健的。總體而言，我們的發現為政策決策者和銀行家提供了至關重要的政策含義。;This study empirically investigates the effects of economic policy uncertainty (EPU) and country governance on bank liquidity creation in various countries. Using cross-country bank data for the period 1985 Q1–2012 Q4, we find that EPU harms asset-side liquidity creation and benefits liability-side liquidity creation. The results reveal that uncertainty hinders bank credit, and people tend to make deposits in banks for safety. Moreover, country governance mitigates the negative impact of EPU on bank liquidity creation, but this effect disappears during the financial crisis. Our results are robust in the subsample, two-stage least squares regression, and generalized method of moments analyses. Overall, our findings have crucial policy implications for policymakers and bankers.
