id	sid	tid	token	lemma	pos
fbem-16686	1	1	frontiers	frontier	NOUN
fbem-16686	1	2	in	in	ADP
fbem-16686	1	3	business	business	NOUN
fbem-16686	1	4	,	,	PUNCT
fbem-16686	1	5	economics	economic	NOUN
fbem-16686	1	6	and	and	CCONJ
fbem-16686	1	7	management	management	NOUN
fbem-16686	1	8	issn	issn	PROPN
fbem-16686	1	9	:	:	PUNCT
fbem-16686	1	10	2766	2766	NUM
fbem-16686	1	11	-	-	PUNCT
fbem-16686	1	12	824x	824x	NUM
fbem-16686	1	13	|	|	ADJ
fbem-16686	1	14	vol	vol	NOUN
fbem-16686	1	15	.	.	PROPN
fbem-16686	1	16	13	13	NUM
fbem-16686	1	17	,	,	PUNCT
fbem-16686	1	18	no	no	INTJ
fbem-16686	1	19	.	.	NOUN
fbem-16686	1	20	1	1	NUM
fbem-16686	1	21	,	,	PUNCT
fbem-16686	1	22	2024	2024	NUM
fbem-16686	1	23	168	168	NUM
fbem-16686	1	24	research	research	NOUN
fbem-16686	1	25	on	on	ADP
fbem-16686	1	26	the	the	DET
fbem-16686	1	27	coordination	coordination	NOUN
fbem-16686	1	28	of	of	ADP
fbem-16686	1	29	bank	bank	NOUN
fbem-16686	1	30	capital	capital	NOUN
fbem-16686	1	31	adequacy	adequacy	NOUN
fbem-16686	1	32	ratio	ratio	NOUN
fbem-16686	1	33	and	and	CCONJ
fbem-16686	1	34	monetary	monetary	ADJ
fbem-16686	1	35	policy	policy	NOUN
fbem-16686	1	36	shuaijie	shuaijie	NOUN
fbem-16686	1	37	chen1	chen1	PROPN
fbem-16686	1	38	,	,	PUNCT
fbem-16686	1	39	a	a	DET
fbem-16686	1	40	1college	1college	PROPN
fbem-16686	1	41	of	of	ADP
fbem-16686	1	42	economics	economic	NOUN
fbem-16686	1	43	,	,	PUNCT
fbem-16686	1	44	shanghai	shanghai	PROPN
fbem-16686	1	45	university	university	PROPN
fbem-16686	1	46	,	,	PUNCT
fbem-16686	1	47	shanghai	shanghai	PROPN
fbem-16686	1	48	,	,	PUNCT
fbem-16686	1	49	china	china	PROPN
fbem-16686	1	50	achensj200017@163.com	achensj200017@163.com	X
fbem-16686	1	51	abstract	abstract	ADJ
fbem-16686	1	52	:	:	PUNCT
fbem-16686	1	53	capital	capital	NOUN
fbem-16686	1	54	adequacy	adequacy	NOUN
fbem-16686	1	55	ratio	ratio	NOUN
fbem-16686	1	56	and	and	CCONJ
fbem-16686	1	57	monetary	monetary	ADJ
fbem-16686	1	58	policy	policy	NOUN
fbem-16686	1	59	are	be	AUX
fbem-16686	1	60	important	important	ADJ
fbem-16686	1	61	control	control	NOUN
fbem-16686	1	62	measures	measure	NOUN
fbem-16686	1	63	of	of	ADP
fbem-16686	1	64	financial	financial	ADJ
fbem-16686	1	65	supervisory	supervisory	ADJ
fbem-16686	1	66	authority	authority	NOUN
fbem-16686	1	67	and	and	CCONJ
fbem-16686	1	68	monetary	monetary	ADJ
fbem-16686	1	69	authority	authority	NOUN
fbem-16686	1	70	,	,	PUNCT
fbem-16686	1	71	respectively	respectively	ADV
fbem-16686	1	72	.	.	PUNCT
fbem-16686	2	1	the	the	DET
fbem-16686	2	2	effective	effective	ADJ
fbem-16686	2	3	coordination	coordination	NOUN
fbem-16686	2	4	of	of	ADP
fbem-16686	2	5	the	the	DET
fbem-16686	2	6	two	two	NUM
fbem-16686	2	7	has	have	AUX
fbem-16686	2	8	greatly	greatly	ADV
fbem-16686	2	9	affected	affect	VERB
fbem-16686	2	10	the	the	DET
fbem-16686	2	11	effectiveness	effectiveness	NOUN
fbem-16686	2	12	of	of	ADP
fbem-16686	2	13	monetary	monetary	ADJ
fbem-16686	2	14	policy	policy	NOUN
fbem-16686	2	15	.	.	PUNCT
fbem-16686	3	1	the	the	DET
fbem-16686	3	2	article	article	NOUN
fbem-16686	3	3	selects	select	VERB
fbem-16686	3	4	the	the	DET
fbem-16686	3	5	annual	annual	ADJ
fbem-16686	3	6	data	datum	NOUN
fbem-16686	3	7	of	of	ADP
fbem-16686	3	8	16	16	NUM
fbem-16686	3	9	listed	list	VERB
fbem-16686	3	10	commercial	commercial	ADJ
fbem-16686	3	11	banks	bank	NOUN
fbem-16686	3	12	in	in	ADP
fbem-16686	3	13	china	china	PROPN
fbem-16686	3	14	from	from	ADP
fbem-16686	3	15	2003	2003	NUM
fbem-16686	3	16	to	to	ADP
fbem-16686	3	17	2018	2018	NUM
fbem-16686	3	18	,	,	PUNCT
fbem-16686	3	19	and	and	CCONJ
fbem-16686	3	20	studies	study	NOUN
fbem-16686	3	21	the	the	DET
fbem-16686	3	22	impact	impact	NOUN
fbem-16686	3	23	of	of	ADP
fbem-16686	3	24	capital	capital	NOUN
fbem-16686	3	25	adequacy	adequacy	NOUN
fbem-16686	3	26	ratio	ratio	NOUN
fbem-16686	3	27	on	on	ADP
fbem-16686	3	28	monetary	monetary	ADJ
fbem-16686	3	29	policy	policy	NOUN
fbem-16686	3	30	transmission	transmission	NOUN
fbem-16686	3	31	by	by	ADP
fbem-16686	3	32	constructor	constructor	NOUN
fbem-16686	3	33	.	.	PUNCT
fbem-16686	4	1	listed	list	VERB
fbem-16686	4	2	commercial	commercial	ADJ
fbem-16686	4	3	banks	bank	NOUN
fbem-16686	4	4	in	in	ADP
fbem-16686	4	5	china	china	PROPN
fbem-16686	4	6	from	from	ADP
fbem-16686	4	7	2003	2003	NUM
fbem-16686	4	8	to	to	ADP
fbem-16686	4	9	2018	2018	NUM
fbem-16686	4	10	,	,	PUNCT
fbem-16686	4	11	and	and	CCONJ
fbem-16686	4	12	studies	study	NOUN
fbem-16686	4	13	the	the	DET
fbem-16686	4	14	impact	impact	NOUN
fbem-16686	4	15	of	of	ADP
fbem-16686	4	16	capital	capital	NOUN
fbem-16686	4	17	adequacy	adequacy	NOUN
fbem-16686	4	18	ratio	ratio	NOUN
fbem-16686	4	19	on	on	ADP
fbem-16686	4	20	monetary	monetary	ADJ
fbem-16686	4	21	policy	policy	NOUN
fbem-16686	4	22	transmission	transmission	NOUN
fbem-16686	4	23	by	by	ADP
fbem-16686	4	24	constructing	construct	VERB
fbem-16686	4	25	a	a	DET
fbem-16686	4	26	panel	panel	NOUN
fbem-16686	4	27	regression	regression	NOUN
fbem-16686	4	28	model	model	NOUN
fbem-16686	4	29	.	.	PUNCT
fbem-16686	5	1	the	the	DET
fbem-16686	5	2	results	result	NOUN
fbem-16686	5	3	show	show	VERB
fbem-16686	5	4	that	that	SCONJ
fbem-16686	5	5	large	large	ADJ
fbem-16686	5	6	state	state	NOUN
fbem-16686	5	7	-	-	PUNCT
fbem-16686	5	8	owned	own	VERB
fbem-16686	5	9	commercial	commercial	ADJ
fbem-16686	5	10	banks	bank	NOUN
fbem-16686	5	11	play	play	VERB
fbem-16686	5	12	a	a	DET
fbem-16686	5	13	major	major	ADJ
fbem-16686	5	14	role	role	NOUN
fbem-16686	5	15	in	in	ADP
fbem-16686	5	16	bank	bank	NOUN
fbem-16686	5	17	credit	credit	NOUN
fbem-16686	5	18	channels	channel	NOUN
fbem-16686	5	19	for	for	ADP
fbem-16686	5	20	monetary	monetary	ADJ
fbem-16686	5	21	policy	policy	NOUN
fbem-16686	5	22	,	,	PUNCT
fbem-16686	5	23	and	and	CCONJ
fbem-16686	5	24	banks	bank	NOUN
fbem-16686	5	25	with	with	ADP
fbem-16686	5	26	higher	high	ADJ
fbem-16686	5	27	capital	capital	NOUN
fbem-16686	5	28	adequacy	adequacy	NOUN
fbem-16686	5	29	ratios	ratio	NOUN
fbem-16686	5	30	are	be	AUX
fbem-16686	5	31	more	more	ADV
fbem-16686	5	32	likely	likely	ADJ
fbem-16686	5	33	to	to	PART
fbem-16686	5	34	have	have	VERB
fbem-16686	5	35	a	a	DET
fbem-16686	5	36	higher	high	ADJ
fbem-16686	5	37	capital	capital	NOUN
fbem-16686	5	38	adequacy	adequacy	NOUN
fbem-16686	5	39	ratio	ratio	NOUN
fbem-16686	5	40	.	.	PUNCT
fbem-16686	6	1	the	the	DET
fbem-16686	6	2	results	result	NOUN
fbem-16686	6	3	show	show	VERB
fbem-16686	6	4	that	that	SCONJ
fbem-16686	6	5	large	large	ADJ
fbem-16686	6	6	state	state	NOUN
fbem-16686	6	7	-	-	PUNCT
fbem-16686	6	8	owned	own	VERB
fbem-16686	6	9	commercial	commercial	ADJ
fbem-16686	6	10	banks	bank	NOUN
fbem-16686	6	11	play	play	VERB
fbem-16686	6	12	a	a	DET
fbem-16686	6	13	major	major	ADJ
fbem-16686	6	14	role	role	NOUN
fbem-16686	6	15	in	in	ADP
fbem-16686	6	16	bank	bank	NOUN
fbem-16686	6	17	credit	credit	NOUN
fbem-16686	6	18	channels	channel	NOUN
fbem-16686	6	19	for	for	ADP
fbem-16686	6	20	monetary	monetary	ADJ
fbem-16686	6	21	policy	policy	NOUN
fbem-16686	6	22	,	,	PUNCT
fbem-16686	6	23	and	and	CCONJ
fbem-16686	6	24	banks	bank	NOUN
fbem-16686	6	25	with	with	ADP
fbem-16686	6	26	higher	high	ADJ
fbem-16686	6	27	capital	capital	NOUN
fbem-16686	6	28	adequacy	adequacy	NOUN
fbem-16686	6	29	ratios	ratio	NOUN
fbem-16686	6	30	are	be	AUX
fbem-16686	6	31	more	more	ADV
fbem-16686	6	32	vulnerable	vulnerable	ADJ
fbem-16686	6	33	to	to	ADP
fbem-16686	6	34	monetary	monetary	ADJ
fbem-16686	6	35	policy	policy	NOUN
fbem-16686	6	36	shocks	shock	NOUN
fbem-16686	6	37	.	.	PUNCT
fbem-16686	7	1	in	in	ADP
fbem-16686	7	2	addition	addition	NOUN
fbem-16686	7	3	,	,	PUNCT
fbem-16686	7	4	the	the	DET
fbem-16686	7	5	external	external	ADJ
fbem-16686	7	6	capital	capital	NOUN
fbem-16686	7	7	constraint	constraint	NOUN
fbem-16686	7	8	of	of	ADP
fbem-16686	7	9	minimum	minimum	ADJ
fbem-16686	7	10	capital	capital	NOUN
fbem-16686	7	11	adequacy	adequacy	NOUN
fbem-16686	7	12	will	will	AUX
fbem-16686	7	13	cause	cause	VERB
fbem-16686	7	14	a	a	DET
fbem-16686	7	15	multiplier	multipli	ADJ
fbem-16686	7	16	effect	effect	NOUN
fbem-16686	7	17	when	when	SCONJ
fbem-16686	7	18	monetary	monetary	ADJ
fbem-16686	7	19	policy	policy	NOUN
fbem-16686	7	20	is	be	AUX
fbem-16686	7	21	transmitted	transmit	VERB
fbem-16686	7	22	through	through	ADP
fbem-16686	7	23	credit	credit	NOUN
fbem-16686	7	24	channels	channel	NOUN
fbem-16686	7	25	.	.	PUNCT
fbem-16686	8	1	the	the	DET
fbem-16686	8	2	multiplier	multipli	ADJ
fbem-16686	8	3	effect	effect	NOUN
fbem-16686	8	4	produced	produce	VERB
fbem-16686	8	5	by	by	ADP
fbem-16686	8	6	jointstock	jointstock	NOUN
fbem-16686	8	7	commercial	commercial	ADJ
fbem-16686	8	8	banks	bank	NOUN
fbem-16686	8	9	is	be	AUX
fbem-16686	8	10	much	much	ADV
fbem-16686	8	11	smaller	small	ADJ
fbem-16686	8	12	than	than	ADP
fbem-16686	8	13	that	that	PRON
fbem-16686	8	14	of	of	ADP
fbem-16686	8	15	large	large	ADJ
fbem-16686	8	16	state	state	NOUN
fbem-16686	8	17	-	-	PUNCT
fbem-16686	8	18	owned	own	VERB
fbem-16686	8	19	banks	bank	NOUN
fbem-16686	8	20	.	.	PUNCT
fbem-16686	9	1	the	the	DET
fbem-16686	9	2	multiplier	multipli	ADJ
fbem-16686	9	3	effect	effect	NOUN
fbem-16686	9	4	produced	produce	VERB
fbem-16686	9	5	by	by	ADP
fbem-16686	9	6	joint	joint	ADJ
fbem-16686	9	7	-	-	PUNCT
fbem-16686	9	8	stock	stock	NOUN
fbem-16686	9	9	commercial	commercial	ADJ
fbem-16686	9	10	banks	bank	NOUN
fbem-16686	9	11	is	be	AUX
fbem-16686	9	12	much	much	ADV
fbem-16686	9	13	smaller	small	ADJ
fbem-16686	9	14	than	than	ADP
fbem-16686	9	15	that	that	PRON
fbem-16686	9	16	of	of	ADP
fbem-16686	9	17	large	large	ADJ
fbem-16686	9	18	state	state	NOUN
fbem-16686	9	19	-	-	PUNCT
fbem-16686	9	20	owned	own	VERB
fbem-16686	9	21	banks	bank	NOUN
fbem-16686	9	22	.	.	PUNCT
fbem-16686	10	1	therefore	therefore	ADV
fbem-16686	10	2	,	,	PUNCT
fbem-16686	10	3	financial	financial	ADJ
fbem-16686	10	4	supervisory	supervisory	ADJ
fbem-16686	10	5	departments	department	NOUN
fbem-16686	10	6	must	must	AUX
fbem-16686	10	7	fully	fully	ADV
fbem-16686	10	8	consider	consider	VERB
fbem-16686	10	9	the	the	DET
fbem-16686	10	10	interference	interference	NOUN
fbem-16686	10	11	caused	cause	VERB
fbem-16686	10	12	by	by	ADP
fbem-16686	10	13	the	the	DET
fbem-16686	10	14	capital	capital	NOUN
fbem-16686	10	15	adequacy	adequacy	NOUN
fbem-16686	10	16	ratio	ratio	NOUN
fbem-16686	10	17	on	on	ADP
fbem-16686	10	18	monetary	monetary	ADJ
fbem-16686	10	19	policy	policy	NOUN
fbem-16686	10	20	,	,	PUNCT
fbem-16686	10	21	strengthen	strengthen	VERB
fbem-16686	10	22	policy	policy	NOUN
fbem-16686	10	23	coordination	coordination	NOUN
fbem-16686	10	24	,	,	PUNCT
fbem-16686	10	25	and	and	CCONJ
fbem-16686	10	26	unblock	unblock	VERB
fbem-16686	10	27	the	the	DET
fbem-16686	10	28	transmission	transmission	NOUN
fbem-16686	10	29	mechanism	mechanism	NOUN
fbem-16686	10	30	of	of	ADP
fbem-16686	10	31	therefore	therefore	ADV
fbem-16686	10	32	,	,	PUNCT
fbem-16686	10	33	financial	financial	ADJ
fbem-16686	10	34	supervision	supervision	NOUN
fbem-16686	10	35	departments	department	NOUN
fbem-16686	10	36	must	must	AUX
fbem-16686	10	37	fully	fully	ADV
fbem-16686	10	38	consider	consider	VERB
fbem-16686	10	39	the	the	DET
fbem-16686	10	40	interference	interference	NOUN
fbem-16686	10	41	caused	cause	VERB
fbem-16686	10	42	by	by	ADP
fbem-16686	10	43	the	the	DET
fbem-16686	10	44	capital	capital	NOUN
fbem-16686	10	45	adequacy	adequacy	NOUN
fbem-16686	10	46	ratio	ratio	NOUN
fbem-16686	10	47	on	on	ADP
fbem-16686	10	48	monetary	monetary	ADJ
fbem-16686	10	49	policy	policy	NOUN
fbem-16686	10	50	,	,	PUNCT
fbem-16686	10	51	strengthen	strengthen	VERB
fbem-16686	10	52	policy	policy	NOUN
fbem-16686	10	53	coordination	coordination	NOUN
fbem-16686	10	54	,	,	PUNCT
fbem-16686	10	55	and	and	CCONJ
fbem-16686	10	56	unblock	unblock	VERB
fbem-16686	10	57	the	the	DET
fbem-16686	10	58	transmission	transmission	NOUN
fbem-16686	10	59	mechanism	mechanism	NOUN
fbem-16686	10	60	of	of	ADP
fbem-16686	10	61	monetary	monetary	ADJ
fbem-16686	10	62	policy	policy	NOUN
fbem-16686	10	63	.	.	PUNCT
fbem-16686	11	1	keywords	keyword	NOUN
fbem-16686	11	2	:	:	PUNCT
fbem-16686	11	3	capital	capital	NOUN
fbem-16686	11	4	adequacy	adequacy	NOUN
fbem-16686	11	5	ratio	ratio	NOUN
fbem-16686	11	6	;	;	PUNCT
fbem-16686	11	7	monetary	monetary	ADJ
fbem-16686	11	8	policy	policy	NOUN
fbem-16686	11	9	;	;	PUNCT
fbem-16686	11	10	bank	bank	NOUN
fbem-16686	11	11	credit	credit	NOUN
fbem-16686	11	12	;	;	PUNCT
fbem-16686	11	13	commercial	commercial	ADJ
fbem-16686	11	14	banks	bank	NOUN
fbem-16686	11	15	.	.	PUNCT
fbem-16686	12	1	1	1	X
fbem-16686	12	2	.	.	X
fbem-16686	12	3	introduction	introduction	NOUN
fbem-16686	12	4	capital	capital	NOUN
fbem-16686	12	5	adequacy	adequacy	NOUN
fbem-16686	12	6	ratio	ratio	NOUN
fbem-16686	12	7	(	(	PUNCT
fbem-16686	12	8	car	car	NOUN
fbem-16686	12	9	)	)	PUNCT
fbem-16686	12	10	is	be	AUX
fbem-16686	12	11	the	the	DET
fbem-16686	12	12	ratio	ratio	NOUN
fbem-16686	12	13	of	of	ADP
fbem-16686	12	14	total	total	ADJ
fbem-16686	12	15	capital	capital	NOUN
fbem-16686	12	16	and	and	CCONJ
fbem-16686	12	17	risky	risky	ADJ
fbem-16686	12	18	assets	asset	NOUN
fbem-16686	12	19	of	of	ADP
fbem-16686	12	20	commercial	commercial	ADJ
fbem-16686	12	21	banks	bank	NOUN
fbem-16686	12	22	,	,	PUNCT
fbem-16686	12	23	which	which	PRON
fbem-16686	12	24	can	can	AUX
fbem-16686	12	25	reflect	reflect	VERB
fbem-16686	12	26	the	the	DET
fbem-16686	12	27	ability	ability	NOUN
fbem-16686	12	28	of	of	ADP
fbem-16686	12	29	banks	bank	NOUN
fbem-16686	12	30	to	to	PART
fbem-16686	12	31	bear	bear	VERB
fbem-16686	12	32	losses	loss	NOUN
fbem-16686	12	33	with	with	ADP
fbem-16686	12	34	their	their	PRON
fbem-16686	12	35	capital	capital	NOUN
fbem-16686	12	36	,	,	PUNCT
fbem-16686	12	37	and	and	CCONJ
fbem-16686	12	38	the	the	DET
fbem-16686	12	39	regulators	regulator	NOUN
fbem-16686	12	40	have	have	AUX
fbem-16686	12	41	set	set	VERB
fbem-16686	12	42	the	the	DET
fbem-16686	12	43	minimum	minimum	ADJ
fbem-16686	12	44	capital	capital	NOUN
fbem-16686	12	45	adequacy	adequacy	NOUN
fbem-16686	12	46	ratio	ratio	NOUN
fbem-16686	12	47	and	and	CCONJ
fbem-16686	12	48	the	the	DET
fbem-16686	12	49	minimum	minimum	NOUN
fbem-16686	12	50	core	core	NOUN
fbem-16686	12	51	capital	capital	NOUN
fbem-16686	12	52	adequacy	adequacy	NOUN
fbem-16686	12	53	ratio	ratio	NOUN
fbem-16686	12	54	to	to	PART
fbem-16686	12	55	inhibit	inhibit	VERB
fbem-16686	12	56	the	the	DET
fbem-16686	12	57	excessive	excessive	ADJ
fbem-16686	12	58	capital	capital	NOUN
fbem-16686	12	59	adequacy	adequacy	NOUN
fbem-16686	12	60	of	of	ADP
fbem-16686	12	61	commercial	commercial	ADJ
fbem-16686	12	62	banks	bank	NOUN
fbem-16686	12	63	.	.	PUNCT
fbem-16686	13	1	their	their	PRON
fbem-16686	13	2	capital	capital	NOUN
fbem-16686	13	3	and	and	CCONJ
fbem-16686	13	4	the	the	DET
fbem-16686	13	5	regulators	regulator	NOUN
fbem-16686	13	6	have	have	AUX
fbem-16686	13	7	set	set	VERB
fbem-16686	13	8	the	the	DET
fbem-16686	13	9	minimum	minimum	ADJ
fbem-16686	13	10	capital	capital	NOUN
fbem-16686	13	11	adequacy	adequacy	NOUN
fbem-16686	13	12	ratio	ratio	NOUN
fbem-16686	13	13	and	and	CCONJ
fbem-16686	13	14	the	the	DET
fbem-16686	13	15	minimum	minimum	NOUN
fbem-16686	13	16	core	core	NOUN
fbem-16686	13	17	capital	capital	NOUN
fbem-16686	13	18	adequacy	adequacy	NOUN
fbem-16686	13	19	ratio	ratio	NOUN
fbem-16686	13	20	to	to	PART
fbem-16686	13	21	inhibit	inhibit	VERB
fbem-16686	13	22	the	the	DET
fbem-16686	13	23	excessive	excessive	ADJ
fbem-16686	13	24	expansion	expansion	NOUN
fbem-16686	13	25	of	of	ADP
fbem-16686	13	26	risky	risky	ADJ
fbem-16686	13	27	assets	asset	NOUN
fbem-16686	13	28	of	of	ADP
fbem-16686	13	29	commercial	commercial	ADJ
fbem-16686	13	30	banks	bank	NOUN
fbem-16686	13	31	,	,	PUNCT
fbem-16686	13	32	and	and	CCONJ
fbem-16686	13	33	to	to	PART
fbem-16686	13	34	reduce	reduce	VERB
fbem-16686	13	35	the	the	DET
fbem-16686	13	36	probability	probability	NOUN
fbem-16686	13	37	of	of	ADP
fbem-16686	13	38	bankruptcy	bankruptcy	NOUN
fbem-16686	13	39	and	and	CCONJ
fbem-16686	13	40	failure	failure	NOUN
fbem-16686	13	41	of	of	ADP
fbem-16686	13	42	commercial	commercial	ADJ
fbem-16686	13	43	banks	bank	NOUN
fbem-16686	13	44	.	.	PUNCT
fbem-16686	14	1	monetary	monetary	ADJ
fbem-16686	14	2	policy	policy	NOUN
fbem-16686	14	3	is	be	AUX
fbem-16686	14	4	the	the	DET
fbem-16686	14	5	core	core	ADJ
fbem-16686	14	6	macroeconomic	macroeconomic	ADJ
fbem-16686	14	7	control	control	NOUN
fbem-16686	14	8	tool	tool	NOUN
fbem-16686	14	9	of	of	ADP
fbem-16686	14	10	the	the	DET
fbem-16686	14	11	monetary	monetary	ADJ
fbem-16686	14	12	authority	authority	NOUN
fbem-16686	14	13	.	.	PUNCT
fbem-16686	15	1	monetary	monetary	ADJ
fbem-16686	15	2	policy	policy	NOUN
fbem-16686	15	3	is	be	AUX
fbem-16686	15	4	the	the	DET
fbem-16686	15	5	core	core	ADJ
fbem-16686	15	6	macroeconomic	macroeconomic	ADJ
fbem-16686	15	7	control	control	NOUN
fbem-16686	15	8	tool	tool	NOUN
fbem-16686	15	9	of	of	ADP
fbem-16686	15	10	the	the	DET
fbem-16686	15	11	monetary	monetary	ADJ
fbem-16686	15	12	authority	authority	NOUN
fbem-16686	15	13	,	,	PUNCT
fbem-16686	15	14	and	and	CCONJ
fbem-16686	15	15	its	its	PRON
fbem-16686	15	16	transmission	transmission	NOUN
fbem-16686	15	17	path	path	NOUN
fbem-16686	15	18	and	and	CCONJ
fbem-16686	15	19	policy	policy	NOUN
fbem-16686	15	20	effect	effect	NOUN
fbem-16686	15	21	will	will	AUX
fbem-16686	15	22	be	be	AUX
fbem-16686	15	23	affected	affect	VERB
fbem-16686	15	24	by	by	ADP
fbem-16686	15	25	a	a	DET
fbem-16686	15	26	variety	variety	NOUN
fbem-16686	15	27	of	of	ADP
fbem-16686	15	28	factors	factor	NOUN
fbem-16686	15	29	.	.	PUNCT
fbem-16686	16	1	with	with	ADP
fbem-16686	16	2	the	the	DET
fbem-16686	16	3	deepening	deepening	NOUN
fbem-16686	16	4	of	of	ADP
fbem-16686	16	5	financial	financial	ADJ
fbem-16686	16	6	regulation	regulation	NOUN
fbem-16686	16	7	,	,	PUNCT
fbem-16686	16	8	the	the	DET
fbem-16686	16	9	implementation	implementation	NOUN
fbem-16686	16	10	of	of	ADP
fbem-16686	16	11	monetary	monetary	ADJ
fbem-16686	16	12	policy	policy	NOUN
fbem-16686	16	13	and	and	CCONJ
fbem-16686	16	14	the	the	DET
fbem-16686	16	15	supervision	supervision	NOUN
fbem-16686	16	16	of	of	ADP
fbem-16686	16	17	commercial	commercial	ADJ
fbem-16686	16	18	banks	bank	NOUN
fbem-16686	16	19	are	be	AUX
fbem-16686	16	20	different	different	ADJ
fbem-16686	16	21	from	from	ADP
fbem-16686	16	22	the	the	DET
fbem-16686	16	23	main	main	ADJ
fbem-16686	16	24	body	body	NOUN
fbem-16686	16	25	of	of	ADP
fbem-16686	16	26	the	the	DET
fbem-16686	16	27	policy	policy	NOUN
fbem-16686	16	28	objectives	objective	NOUN
fbem-16686	16	29	but	but	CCONJ
fbem-16686	16	30	intertwined	intertwine	VERB
fbem-16686	16	31	with	with	ADP
fbem-16686	16	32	the	the	DET
fbem-16686	16	33	main	main	ADJ
fbem-16686	16	34	body	body	NOUN
fbem-16686	16	35	of	of	ADP
fbem-16686	16	36	financial	financial	ADJ
fbem-16686	16	37	regulation	regulation	NOUN
fbem-16686	16	38	.	.	PUNCT
fbem-16686	17	1	with	with	ADP
fbem-16686	17	2	the	the	DET
fbem-16686	17	3	deepening	deepening	NOUN
fbem-16686	17	4	of	of	ADP
fbem-16686	17	5	financial	financial	ADJ
fbem-16686	17	6	regulation	regulation	NOUN
fbem-16686	17	7	,	,	PUNCT
fbem-16686	17	8	the	the	DET
fbem-16686	17	9	implementation	implementation	NOUN
fbem-16686	17	10	of	of	ADP
fbem-16686	17	11	monetary	monetary	ADJ
fbem-16686	17	12	policy	policy	NOUN
fbem-16686	17	13	and	and	CCONJ
fbem-16686	17	14	the	the	DET
fbem-16686	17	15	supervision	supervision	NOUN
fbem-16686	17	16	of	of	ADP
fbem-16686	17	17	commercial	commercial	ADJ
fbem-16686	17	18	banks	bank	NOUN
fbem-16686	17	19	are	be	AUX
fbem-16686	17	20	different	different	ADJ
fbem-16686	17	21	from	from	ADP
fbem-16686	17	22	the	the	DET
fbem-16686	17	23	main	main	ADJ
fbem-16686	17	24	body	body	NOUN
fbem-16686	17	25	of	of	ADP
fbem-16686	17	26	the	the	DET
fbem-16686	17	27	policy	policy	NOUN
fbem-16686	17	28	objectives	objective	NOUN
fbem-16686	17	29	but	but	CCONJ
fbem-16686	17	30	intertwined	intertwine	VERB
fbem-16686	17	31	with	with	ADP
fbem-16686	17	32	each	each	DET
fbem-16686	17	33	other	other	ADJ
fbem-16686	17	34	,	,	PUNCT
fbem-16686	17	35	which	which	PRON
fbem-16686	17	36	is	be	AUX
fbem-16686	17	37	increasingly	increasingly	ADV
fbem-16686	17	38	showing	show	VERB
fbem-16686	17	39	a	a	DET
fbem-16686	17	40	more	more	ADV
fbem-16686	17	41	complex	complex	ADJ
fbem-16686	17	42	character	character	NOUN
fbem-16686	17	43	.	.	PUNCT
fbem-16686	18	1	basel	basel	PROPN
fbem-16686	18	2	iii	iii	PROPN
fbem-16686	18	3	raises	raise	VERB
fbem-16686	18	4	the	the	DET
fbem-16686	18	5	core	core	ADJ
fbem-16686	18	6	capital	capital	NOUN
fbem-16686	18	7	adequacy	adequacy	NOUN
fbem-16686	18	8	ratio	ratio	NOUN
fbem-16686	18	9	of	of	ADP
fbem-16686	18	10	commercial	commercial	ADJ
fbem-16686	18	11	banks	bank	NOUN
fbem-16686	18	12	to	to	ADP
fbem-16686	18	13	7	7	NUM
fbem-16686	18	14	percent	percent	NOUN
fbem-16686	18	15	and	and	CCONJ
fbem-16686	18	16	sets	set	VERB
fbem-16686	18	17	a	a	DET
fbem-16686	18	18	certain	certain	ADJ
fbem-16686	18	19	proportion	proportion	NOUN
fbem-16686	18	20	of	of	ADP
fbem-16686	18	21	protective	protective	ADJ
fbem-16686	18	22	and	and	CCONJ
fbem-16686	18	23	counter	counter	ADJ
fbem-16686	18	24	-	-	ADJ
fbem-16686	18	25	cyclical	cyclical	ADJ
fbem-16686	18	26	buffers	buffer	NOUN
fbem-16686	18	27	,	,	PUNCT
fbem-16686	18	28	indicating	indicate	VERB
fbem-16686	18	29	that	that	SCONJ
fbem-16686	18	30	bank	bank	NOUN
fbem-16686	18	31	regulators	regulator	NOUN
fbem-16686	18	32	have	have	AUX
fbem-16686	18	33	made	make	VERB
fbem-16686	18	34	the	the	DET
fbem-16686	18	35	capital	capital	NOUN
fbem-16686	18	36	adequacy	adequacy	NOUN
fbem-16686	18	37	ratio	ratio	VERB
fbem-16686	18	38	an	an	DET
fbem-16686	18	39	important	important	ADJ
fbem-16686	18	40	standard	standard	NOUN
fbem-16686	18	41	and	and	CCONJ
fbem-16686	18	42	tool	tool	NOUN
fbem-16686	18	43	for	for	ADP
fbem-16686	18	44	supervision	supervision	NOUN
fbem-16686	18	45	.	.	PUNCT
fbem-16686	19	1	the	the	DET
fbem-16686	19	2	risk	risk	NOUN
fbem-16686	19	3	appetite	appetite	NOUN
fbem-16686	19	4	,	,	PUNCT
fbem-16686	19	5	asset	asset	NOUN
fbem-16686	19	6	structure	structure	NOUN
fbem-16686	19	7	,	,	PUNCT
fbem-16686	19	8	and	and	CCONJ
fbem-16686	19	9	credit	credit	NOUN
fbem-16686	19	10	policy	policy	NOUN
fbem-16686	19	11	of	of	ADP
fbem-16686	19	12	commercial	commercial	ADJ
fbem-16686	19	13	banks	bank	NOUN
fbem-16686	19	14	will	will	AUX
fbem-16686	19	15	greatly	greatly	ADV
fbem-16686	19	16	affect	affect	VERB
fbem-16686	19	17	the	the	DET
fbem-16686	19	18	level	level	NOUN
fbem-16686	19	19	of	of	ADP
fbem-16686	19	20	capital	capital	NOUN
fbem-16686	19	21	adequacy	adequacy	NOUN
fbem-16686	19	22	,	,	PUNCT
fbem-16686	19	23	as	as	SCONJ
fbem-16686	19	24	they	they	PRON
fbem-16686	19	25	will	will	AUX
fbem-16686	19	26	adjust	adjust	VERB
fbem-16686	19	27	their	their	PRON
fbem-16686	19	28	risky	risky	ADJ
fbem-16686	19	29	assets	asset	NOUN
fbem-16686	19	30	and	and	CCONJ
fbem-16686	19	31	compress	compress	VERB
fbem-16686	19	32	their	their	PRON
fbem-16686	19	33	credit	credit	NOUN
fbem-16686	19	34	scale	scale	NOUN
fbem-16686	19	35	to	to	PART
fbem-16686	19	36	meet	meet	VERB
fbem-16686	19	37	the	the	DET
fbem-16686	19	38	minimum	minimum	ADJ
fbem-16686	19	39	capital	capital	NOUN
fbem-16686	19	40	requirements	requirement	NOUN
fbem-16686	19	41	of	of	ADP
fbem-16686	19	42	the	the	DET
fbem-16686	19	43	financial	financial	ADJ
fbem-16686	19	44	regulators	regulator	NOUN
fbem-16686	19	45	.	.	PUNCT
fbem-16686	20	1	this	this	PRON
fbem-16686	20	2	,	,	PUNCT
fbem-16686	20	3	in	in	ADP
fbem-16686	20	4	turn	turn	NOUN
fbem-16686	20	5	,	,	PUNCT
fbem-16686	20	6	will	will	AUX
fbem-16686	20	7	lead	lead	VERB
fbem-16686	20	8	to	to	ADP
fbem-16686	20	9	the	the	DET
fbem-16686	20	10	demand	demand	NOUN
fbem-16686	20	11	for	for	ADP
fbem-16686	20	12	financing	financing	NOUN
fbem-16686	20	13	outstripping	outstrip	VERB
fbem-16686	20	14	the	the	DET
fbem-16686	20	15	supply	supply	NOUN
fbem-16686	20	16	of	of	ADP
fbem-16686	20	17	funds	fund	NOUN
fbem-16686	20	18	in	in	ADP
fbem-16686	20	19	the	the	DET
fbem-16686	20	20	credit	credit	NOUN
fbem-16686	20	21	market	market	NOUN
fbem-16686	20	22	,	,	PUNCT
fbem-16686	20	23	pushing	push	VERB
fbem-16686	20	24	up	up	ADP
fbem-16686	20	25	market	market	NOUN
fbem-16686	20	26	interest	interest	NOUN
fbem-16686	20	27	rates	rate	NOUN
fbem-16686	20	28	,	,	PUNCT
fbem-16686	20	29	and	and	CCONJ
fbem-16686	20	30	bringing	bring	VERB
fbem-16686	20	31	certain	certain	ADJ
fbem-16686	20	32	external	external	ADJ
fbem-16686	20	33	shocks	shock	NOUN
fbem-16686	20	34	to	to	ADP
fbem-16686	20	35	the	the	DET
fbem-16686	20	36	traditional	traditional	ADJ
fbem-16686	20	37	monetary	monetary	ADJ
fbem-16686	20	38	policy	policy	NOUN
fbem-16686	20	39	transmission	transmission	NOUN
fbem-16686	20	40	mechanism	mechanism	NOUN
fbem-16686	20	41	.	.	PUNCT
fbem-16686	21	1	china	china	PROPN
fbem-16686	21	2	is	be	AUX
fbem-16686	21	3	a	a	DET
fbem-16686	21	4	financial	financial	ADJ
fbem-16686	21	5	system	system	NOUN
fbem-16686	21	6	dominated	dominate	VERB
fbem-16686	21	7	by	by	ADP
fbem-16686	21	8	commercial	commercial	ADJ
fbem-16686	21	9	banks	bank	NOUN
fbem-16686	21	10	,	,	PUNCT
fbem-16686	21	11	and	and	CCONJ
fbem-16686	21	12	in	in	ADP
fbem-16686	21	13	this	this	DET
fbem-16686	21	14	context	context	NOUN
fbem-16686	21	15	,	,	PUNCT
fbem-16686	21	16	monetary	monetary	ADJ
fbem-16686	21	17	policy	policy	NOUN
fbem-16686	21	18	is	be	AUX
fbem-16686	21	19	bound	bind	VERB
fbem-16686	21	20	to	to	PART
fbem-16686	21	21	change	change	VERB
fbem-16686	21	22	in	in	ADP
fbem-16686	21	23	terms	term	NOUN
fbem-16686	21	24	of	of	ADP
fbem-16686	21	25	channel	channel	NOUN
fbem-16686	21	26	and	and	CCONJ
fbem-16686	21	27	structure	structure	NOUN
fbem-16686	21	28	because	because	SCONJ
fbem-16686	21	29	of	of	ADP
fbem-16686	21	30	the	the	DET
fbem-16686	21	31	strict	strict	ADJ
fbem-16686	21	32	constraints	constraint	NOUN
fbem-16686	21	33	on	on	ADP
fbem-16686	21	34	bank	bank	NOUN
fbem-16686	21	35	capital	capital	NOUN
fbem-16686	21	36	adequacy	adequacy	NOUN
fbem-16686	21	37	.	.	PUNCT
fbem-16686	22	1	therefore	therefore	ADV
fbem-16686	22	2	,	,	PUNCT
fbem-16686	22	3	this	this	DET
fbem-16686	22	4	paper	paper	NOUN
fbem-16686	22	5	focuses	focus	VERB
fbem-16686	22	6	on	on	ADP
fbem-16686	22	7	two	two	NUM
fbem-16686	22	8	questions	question	NOUN
fbem-16686	22	9	:	:	PUNCT
fbem-16686	22	10	first	first	ADV
fbem-16686	22	11	,	,	PUNCT
fbem-16686	22	12	what	what	PRON
fbem-16686	22	13	are	be	AUX
fbem-16686	22	14	the	the	DET
fbem-16686	22	15	respective	respective	ADJ
fbem-16686	22	16	roles	role	NOUN
fbem-16686	22	17	of	of	ADP
fbem-16686	22	18	large	large	ADJ
fbem-16686	22	19	state	state	NOUN
fbem-16686	22	20	-	-	PUNCT
fbem-16686	22	21	owned	own	VERB
fbem-16686	22	22	commercial	commercial	ADJ
fbem-16686	22	23	banks	bank	NOUN
fbem-16686	22	24	and	and	CCONJ
fbem-16686	22	25	joint	joint	ADJ
fbem-16686	22	26	-	-	PUNCT
fbem-16686	22	27	stock	stock	NOUN
fbem-16686	22	28	banks	bank	NOUN
fbem-16686	22	29	in	in	ADP
fbem-16686	22	30	the	the	DET
fbem-16686	22	31	bank	bank	NOUN
fbem-16686	22	32	credit	credit	NOUN
fbem-16686	22	33	channel	channel	NOUN
fbem-16686	22	34	of	of	ADP
fbem-16686	22	35	monetary	monetary	ADJ
fbem-16686	22	36	policy	policy	NOUN
fbem-16686	22	37	?	?	PUNCT
fbem-16686	23	1	second	second	ADJ
fbem-16686	23	2	,	,	PUNCT
fbem-16686	23	3	when	when	SCONJ
fbem-16686	23	4	capital	capital	NOUN
fbem-16686	23	5	adequacy	adequacy	NOUN
fbem-16686	23	6	is	be	AUX
fbem-16686	23	7	a	a	DET
fbem-16686	23	8	constraint	constraint	NOUN
fbem-16686	23	9	,	,	PUNCT
fbem-16686	23	10	what	what	PRON
fbem-16686	23	11	are	be	AUX
fbem-16686	23	12	the	the	DET
fbem-16686	23	13	effects	effect	NOUN
fbem-16686	23	14	of	of	ADP
fbem-16686	23	15	monetary	monetary	ADJ
fbem-16686	23	16	policy	policy	NOUN
fbem-16686	23	17	when	when	SCONJ
fbem-16686	23	18	it	it	PRON
fbem-16686	23	19	is	be	AUX
fbem-16686	23	20	transmitted	transmit	VERB
fbem-16686	23	21	through	through	ADP
fbem-16686	23	22	the	the	DET
fbem-16686	23	23	credit	credit	NOUN
fbem-16686	23	24	channel	channel	NOUN
fbem-16686	23	25	?	?	PUNCT
fbem-16686	24	1	to	to	PART
fbem-16686	24	2	answer	answer	VERB
fbem-16686	24	3	these	these	DET
fbem-16686	24	4	two	two	NUM
fbem-16686	24	5	questions	question	NOUN
fbem-16686	24	6	,	,	PUNCT
fbem-16686	24	7	this	this	DET
fbem-16686	24	8	paper	paper	NOUN
fbem-16686	24	9	selects	select	VERB
fbem-16686	24	10	16	16	NUM
fbem-16686	24	11	listed	list	VERB
fbem-16686	24	12	commercial	commercial	ADJ
fbem-16686	24	13	banks	bank	NOUN
fbem-16686	24	14	in	in	ADP
fbem-16686	24	15	china	china	PROPN
fbem-16686	24	16	as	as	ADP
fbem-16686	24	17	the	the	DET
fbem-16686	24	18	research	research	NOUN
fbem-16686	24	19	sample	sample	NOUN
fbem-16686	24	20	and	and	CCONJ
fbem-16686	24	21	empirically	empirically	ADV
fbem-16686	24	22	studies	study	VERB
fbem-16686	24	23	them	they	PRON
fbem-16686	24	24	using	use	VERB
fbem-16686	24	25	a	a	DET
fbem-16686	24	26	panel	panel	NOUN
fbem-16686	24	27	data	datum	NOUN
fbem-16686	24	28	model	model	NOUN
fbem-16686	24	29	.	.	PUNCT
fbem-16686	25	1	this	this	PRON
fbem-16686	25	2	is	be	AUX
fbem-16686	25	3	of	of	ADP
fbem-16686	25	4	great	great	ADJ
fbem-16686	25	5	significance	significance	NOUN
fbem-16686	25	6	for	for	ADP
fbem-16686	25	7	further	far	ADV
fbem-16686	25	8	understanding	understand	VERB
fbem-16686	25	9	the	the	DET
fbem-16686	25	10	interaction	interaction	NOUN
fbem-16686	25	11	and	and	CCONJ
fbem-16686	25	12	joint	joint	ADJ
fbem-16686	25	13	impact	impact	NOUN
fbem-16686	25	14	between	between	ADP
fbem-16686	25	15	monetary	monetary	ADJ
fbem-16686	25	16	policy	policy	NOUN
fbem-16686	25	17	and	and	CCONJ
fbem-16686	25	18	commercial	commercial	ADJ
fbem-16686	25	19	bank	bank	NOUN
fbem-16686	25	20	regulatory	regulatory	ADJ
fbem-16686	25	21	policy	policy	NOUN
fbem-16686	25	22	.	.	PUNCT
fbem-16686	26	1	2	2	X
fbem-16686	26	2	.	.	X
fbem-16686	26	3	literature	literature	NOUN
fbem-16686	26	4	review	review	VERB
fbem-16686	26	5	the	the	DET
fbem-16686	26	6	earliest	early	ADJ
fbem-16686	26	7	foreign	foreign	ADJ
fbem-16686	26	8	research	research	NOUN
fbem-16686	26	9	focuses	focus	VERB
fbem-16686	26	10	on	on	ADP
fbem-16686	26	11	the	the	DET
fbem-16686	26	12	impact	impact	NOUN
fbem-16686	26	13	of	of	ADP
fbem-16686	26	14	capital	capital	NOUN
fbem-16686	26	15	adequacy	adequacy	NOUN
fbem-16686	26	16	on	on	ADP
fbem-16686	26	17	macroeconomics	macroeconomic	NOUN
fbem-16686	26	18	,	,	PUNCT
fbem-16686	26	19	and	and	CCONJ
fbem-16686	26	20	as	as	SCONJ
fbem-16686	26	21	the	the	DET
fbem-16686	26	22	research	research	NOUN
fbem-16686	26	23	goes	go	VERB
fbem-16686	26	24	deeper	deep	ADJ
fbem-16686	26	25	,	,	PUNCT
fbem-16686	26	26	academics	academic	NOUN
fbem-16686	26	27	begin	begin	VERB
fbem-16686	26	28	to	to	PART
fbem-16686	26	29	study	study	VERB
fbem-16686	26	30	what	what	DET
fbem-16686	26	31	role	role	NOUN
fbem-16686	26	32	capital	capital	NOUN
fbem-16686	26	33	adequacy	adequacy	NOUN
fbem-16686	26	34	plays	play	VERB
fbem-16686	26	35	in	in	ADP
fbem-16686	26	36	the	the	DET
fbem-16686	26	37	process	process	NOUN
fbem-16686	26	38	of	of	ADP
fbem-16686	26	39	monetary	monetary	ADJ
fbem-16686	26	40	policy	policy	NOUN
fbem-16686	26	41	transmission	transmission	NOUN
fbem-16686	26	42	,	,	PUNCT
fbem-16686	26	43	as	as	ADV
fbem-16686	26	44	well	well	ADV
fbem-16686	26	45	as	as	ADP
fbem-16686	26	46	the	the	DET
fbem-16686	26	47	pro	pro	ADJ
fbem-16686	26	48	-	-	NOUN
fbem-16686	26	49	cyclicality	cyclicality	NOUN
fbem-16686	26	50	of	of	ADP
fbem-16686	26	51	capital	capital	NOUN
fbem-16686	26	52	adequacy	adequacy	NOUN
fbem-16686	26	53	and	and	CCONJ
fbem-16686	26	54	other	other	ADJ
fbem-16686	26	55	aspects	aspect	NOUN
fbem-16686	26	56	.	.	PUNCT
fbem-16686	27	1	most	most	ADJ
fbem-16686	27	2	foreign	foreign	ADJ
fbem-16686	27	3	scholars	scholar	NOUN
fbem-16686	27	4	have	have	AUX
fbem-16686	27	5	shown	show	VERB
fbem-16686	27	6	that	that	SCONJ
fbem-16686	27	7	commercial	commercial	ADJ
fbem-16686	27	8	banks	bank	NOUN
fbem-16686	27	9	with	with	ADP
fbem-16686	27	10	different	different	ADJ
fbem-16686	27	11	capital	capital	NOUN
fbem-16686	27	12	adequacy	adequacy	NOUN
fbem-16686	27	13	169	169	NUM
fbem-16686	27	14	levels	level	NOUN
fbem-16686	27	15	have	have	VERB
fbem-16686	27	16	large	large	ADJ
fbem-16686	27	17	differences	difference	NOUN
fbem-16686	27	18	in	in	ADP
fbem-16686	27	19	their	their	PRON
fbem-16686	27	20	responses	response	NOUN
fbem-16686	27	21	to	to	ADP
fbem-16686	27	22	monetary	monetary	ADJ
fbem-16686	27	23	policy	policy	NOUN
fbem-16686	27	24	,	,	PUNCT
fbem-16686	27	25	and	and	CCONJ
fbem-16686	27	26	generally	generally	ADV
fbem-16686	27	27	speaking	speak	VERB
fbem-16686	27	28	,	,	PUNCT
fbem-16686	27	29	commercial	commercial	ADJ
fbem-16686	27	30	banks	bank	NOUN
fbem-16686	27	31	with	with	ADP
fbem-16686	27	32	lower	low	ADJ
fbem-16686	27	33	capital	capital	NOUN
fbem-16686	27	34	adequacy	adequacy	NOUN
fbem-16686	27	35	levels	level	NOUN
fbem-16686	27	36	are	be	AUX
fbem-16686	27	37	more	more	ADV
fbem-16686	27	38	sensitive	sensitive	ADJ
fbem-16686	27	39	to	to	ADP
fbem-16686	27	40	tight	tight	ADJ
fbem-16686	27	41	monetary	monetary	ADJ
fbem-16686	27	42	policy	policy	NOUN
fbem-16686	27	43	.	.	PUNCT
fbem-16686	28	1	vanden	vanden	PROPN
fbem-16686	28	2	heuvel	heuvel	PROPN
fbem-16686	28	3	(	(	PUNCT
fbem-16686	28	4	2002)[1	2002)[1	PROPN
fbem-16686	28	5	]	]	PUNCT
fbem-16686	28	6	constructed	construct	VERB
fbem-16686	28	7	a	a	DET
fbem-16686	28	8	forwardlooking	forwardlooking	ADJ
fbem-16686	28	9	dynamic	dynamic	ADJ
fbem-16686	28	10	model	model	NOUN
fbem-16686	28	11	,	,	PUNCT
fbem-16686	28	12	and	and	CCONJ
fbem-16686	28	13	analysed	analyse	VERB
fbem-16686	28	14	the	the	DET
fbem-16686	28	15	maturity	maturity	NOUN
fbem-16686	28	16	mismatch	mismatch	NOUN
fbem-16686	28	17	between	between	ADP
fbem-16686	28	18	deposits	deposit	NOUN
fbem-16686	28	19	and	and	CCONJ
fbem-16686	28	20	loans	loan	NOUN
fbem-16686	28	21	as	as	ADV
fbem-16686	28	22	well	well	ADV
fbem-16686	28	23	as	as	ADP
fbem-16686	28	24	the	the	DET
fbem-16686	28	25	likelihood	likelihood	NOUN
fbem-16686	28	26	of	of	ADP
fbem-16686	28	27	deterioration	deterioration	NOUN
fbem-16686	28	28	of	of	ADP
fbem-16686	28	29	loan	loan	NOUN
fbem-16686	28	30	quality	quality	NOUN
fbem-16686	28	31	in	in	ADP
fbem-16686	28	32	the	the	DET
fbem-16686	28	33	future	future	NOUN
fbem-16686	28	34	.	.	PUNCT
fbem-16686	29	1	analysed	analyse	VERB
fbem-16686	29	2	.	.	PUNCT
fbem-16686	30	1	the	the	DET
fbem-16686	30	2	results	result	NOUN
fbem-16686	30	3	find	find	VERB
fbem-16686	30	4	that	that	SCONJ
fbem-16686	30	5	the	the	DET
fbem-16686	30	6	credit	credit	NOUN
fbem-16686	30	7	supply	supply	NOUN
fbem-16686	30	8	of	of	ADP
fbem-16686	30	9	commercial	commercial	ADJ
fbem-16686	30	10	banks	bank	NOUN
fbem-16686	30	11	under	under	ADP
fbem-16686	30	12	regulatory	regulatory	ADJ
fbem-16686	30	13	constraints	constraint	NOUN
fbem-16686	30	14	on	on	ADP
fbem-16686	30	15	capital	capital	NOUN
fbem-16686	30	16	adequacy	adequacy	NOUN
fbem-16686	30	17	responds	respond	VERB
fbem-16686	30	18	differently	differently	ADV
fbem-16686	30	19	to	to	ADP
fbem-16686	30	20	monetary	monetary	ADJ
fbem-16686	30	21	policy	policy	NOUN
fbem-16686	30	22	regulation	regulation	NOUN
fbem-16686	30	23	,	,	PUNCT
fbem-16686	30	24	and	and	CCONJ
fbem-16686	30	25	that	that	SCONJ
fbem-16686	30	26	there	there	PRON
fbem-16686	30	27	is	be	VERB
fbem-16686	30	28	a	a	DET
fbem-16686	30	29	large	large	ADJ
fbem-16686	30	30	difference	difference	NOUN
fbem-16686	30	31	in	in	ADP
fbem-16686	30	32	the	the	DET
fbem-16686	30	33	size	size	NOUN
fbem-16686	30	34	of	of	ADP
fbem-16686	30	35	credit	credit	NOUN
fbem-16686	30	36	between	between	ADP
fbem-16686	30	37	low	low	ADJ
fbem-16686	30	38	and	and	CCONJ
fbem-16686	30	39	high	high	ADJ
fbem-16686	30	40	capital	capital	NOUN
fbem-16686	30	41	adequacy	adequacy	NOUN
fbem-16686	30	42	banks	bank	NOUN
fbem-16686	30	43	.	.	PUNCT
fbem-16686	31	1	under	under	ADP
fbem-16686	31	2	loose	loose	ADJ
fbem-16686	31	3	monetary	monetary	ADJ
fbem-16686	31	4	policy	policy	NOUN
fbem-16686	31	5	,	,	PUNCT
fbem-16686	31	6	commercial	commercial	ADJ
fbem-16686	31	7	banks	bank	NOUN
fbem-16686	31	8	with	with	ADP
fbem-16686	31	9	high	high	ADJ
fbem-16686	31	10	capital	capital	NOUN
fbem-16686	31	11	adequacy	adequacy	NOUN
fbem-16686	31	12	levels	level	NOUN
fbem-16686	31	13	prefer	prefer	VERB
fbem-16686	31	14	to	to	PART
fbem-16686	31	15	increase	increase	VERB
fbem-16686	31	16	more	more	ADJ
fbem-16686	31	17	credit	credit	NOUN
fbem-16686	31	18	supply.kishan	supply.kishan	NOUN
fbem-16686	31	19	and	and	CCONJ
fbem-16686	31	20	opiela	opiela	ADV
fbem-16686	31	21	(	(	PUNCT
fbem-16686	31	22	2000	2000	NUM
fbem-16686	31	23	,	,	PUNCT
fbem-16686	31	24	2006)[2	2006)[2	NUM
fbem-16686	31	25	]	]	PUNCT
fbem-16686	31	26	categorised	categorise	VERB
fbem-16686	31	27	commercial	commercial	ADJ
fbem-16686	31	28	banks	bank	NOUN
fbem-16686	31	29	according	accord	VERB
fbem-16686	31	30	to	to	ADP
fbem-16686	31	31	capital	capital	NOUN
fbem-16686	31	32	adequacy	adequacy	NOUN
fbem-16686	31	33	ratios	ratio	NOUN
fbem-16686	31	34	,	,	PUNCT
fbem-16686	31	35	based	base	VERB
fbem-16686	31	36	on	on	ADP
fbem-16686	31	37	which	which	PRON
fbem-16686	31	38	they	they	PRON
fbem-16686	31	39	investigated	investigate	VERB
fbem-16686	31	40	the	the	DET
fbem-16686	31	41	responses	response	NOUN
fbem-16686	31	42	of	of	ADP
fbem-16686	31	43	commercial	commercial	ADJ
fbem-16686	31	44	banks	bank	NOUN
fbem-16686	31	45	with	with	ADP
fbem-16686	31	46	different	different	ADJ
fbem-16686	31	47	capital	capital	NOUN
fbem-16686	31	48	adequacy	adequacy	NOUN
fbem-16686	31	49	levels	level	NOUN
fbem-16686	31	50	in	in	ADP
fbem-16686	31	51	the	the	DET
fbem-16686	31	52	face	face	NOUN
fbem-16686	31	53	of	of	ADP
fbem-16686	31	54	monetary	monetary	ADJ
fbem-16686	31	55	policy	policy	NOUN
fbem-16686	31	56	adjustments	adjustment	NOUN
fbem-16686	31	57	,	,	PUNCT
fbem-16686	31	58	and	and	CCONJ
fbem-16686	31	59	found	find	VERB
fbem-16686	31	60	that	that	SCONJ
fbem-16686	31	61	commercial	commercial	ADJ
fbem-16686	31	62	banks	bank	NOUN
fbem-16686	31	63	with	with	ADP
fbem-16686	31	64	a	a	DET
fbem-16686	31	65	smaller	small	ADJ
fbem-16686	31	66	scale	scale	NOUN
fbem-16686	31	67	of	of	ADP
fbem-16686	31	68	operation	operation	NOUN
fbem-16686	31	69	and	and	CCONJ
fbem-16686	31	70	lower	low	ADJ
fbem-16686	31	71	capital	capital	NOUN
fbem-16686	31	72	adequacy	adequacy	NOUN
fbem-16686	31	73	ratios	ratio	NOUN
fbem-16686	31	74	are	be	AUX
fbem-16686	31	75	more	more	ADV
fbem-16686	31	76	responsive	responsive	ADJ
fbem-16686	31	77	to	to	ADP
fbem-16686	31	78	monetary	monetary	ADJ
fbem-16686	31	79	policy	policy	NOUN
fbem-16686	31	80	adjustments	adjustment	NOUN
fbem-16686	31	81	.	.	PUNCT
fbem-16686	32	1	the	the	DET
fbem-16686	32	2	results	result	NOUN
fbem-16686	32	3	found	find	VERB
fbem-16686	32	4	that	that	SCONJ
fbem-16686	32	5	commercial	commercial	ADJ
fbem-16686	32	6	banks	bank	NOUN
fbem-16686	32	7	with	with	ADP
fbem-16686	32	8	smaller	small	ADJ
fbem-16686	32	9	operating	operating	NOUN
fbem-16686	32	10	scale	scale	NOUN
fbem-16686	32	11	and	and	CCONJ
fbem-16686	32	12	lower	low	ADJ
fbem-16686	32	13	capital	capital	NOUN
fbem-16686	32	14	adequacy	adequacy	NOUN
fbem-16686	32	15	ratio	ratio	NOUN
fbem-16686	32	16	react	react	VERB
fbem-16686	32	17	more	more	ADV
fbem-16686	32	18	sensitively	sensitively	ADV
fbem-16686	32	19	to	to	ADP
fbem-16686	32	20	the	the	DET
fbem-16686	32	21	adjustment	adjustment	NOUN
fbem-16686	32	22	of	of	ADP
fbem-16686	32	23	monetary	monetary	ADJ
fbem-16686	32	24	policy	policy	NOUN
fbem-16686	32	25	.	.	PUNCT
fbem-16686	33	1	in	in	ADP
fbem-16686	33	2	addition	addition	NOUN
fbem-16686	33	3	,	,	PUNCT
fbem-16686	33	4	they	they	PRON
fbem-16686	33	5	found	find	VERB
fbem-16686	33	6	that	that	SCONJ
fbem-16686	33	7	after	after	ADP
fbem-16686	33	8	the	the	DET
fbem-16686	33	9	emergence	emergence	NOUN
fbem-16686	33	10	of	of	ADP
fbem-16686	33	11	the	the	DET
fbem-16686	33	12	capital	capital	NOUN
fbem-16686	33	13	regulation	regulation	NOUN
fbem-16686	33	14	policy	policy	NOUN
fbem-16686	33	15	based	base	VERB
fbem-16686	33	16	on	on	ADP
fbem-16686	33	17	managing	manage	VERB
fbem-16686	33	18	risk	risk	NOUN
fbem-16686	33	19	,	,	PUNCT
fbem-16686	33	20	in	in	ADP
fbem-16686	33	21	terms	term	NOUN
fbem-16686	33	22	of	of	ADP
fbem-16686	33	23	credit	credit	NOUN
fbem-16686	33	24	supply	supply	NOUN
fbem-16686	33	25	,	,	PUNCT
fbem-16686	33	26	the	the	DET
fbem-16686	33	27	monetary	monetary	ADJ
fbem-16686	33	28	easing	ease	VERB
fbem-16686	33	29	policy	policy	NOUN
fbem-16686	33	30	had	have	VERB
fbem-16686	33	31	the	the	DET
fbem-16686	33	32	largest	large	ADJ
fbem-16686	33	33	positive	positive	ADJ
fbem-16686	33	34	impact	impact	NOUN
fbem-16686	33	35	on	on	ADP
fbem-16686	33	36	banks	bank	NOUN
fbem-16686	33	37	with	with	ADP
fbem-16686	33	38	high	high	ADJ
fbem-16686	33	39	capital	capital	NOUN
fbem-16686	33	40	adequacy	adequacy	NOUN
fbem-16686	33	41	levels	level	NOUN
fbem-16686	33	42	,	,	PUNCT
fbem-16686	33	43	while	while	SCONJ
fbem-16686	33	44	the	the	DET
fbem-16686	33	45	banks	bank	NOUN
fbem-16686	33	46	with	with	ADP
fbem-16686	33	47	low	low	ADJ
fbem-16686	33	48	capital	capital	NOUN
fbem-16686	33	49	adequacy	adequacy	NOUN
fbem-16686	33	50	levels	level	NOUN
fbem-16686	33	51	increased	increase	VERB
fbem-16686	33	52	their	their	PRON
fbem-16686	33	53	credit	credit	NOUN
fbem-16686	33	54	supply	supply	NOUN
fbem-16686	33	55	by	by	ADP
fbem-16686	33	56	a	a	DET
fbem-16686	33	57	very	very	ADV
fbem-16686	33	58	limited	limited	ADJ
fbem-16686	33	59	amount	amount	NOUN
fbem-16686	33	60	when	when	SCONJ
fbem-16686	33	61	they	they	PRON
fbem-16686	33	62	were	be	AUX
fbem-16686	33	63	in	in	ADP
fbem-16686	33	64	an	an	DET
fbem-16686	33	65	environment	environment	NOUN
fbem-16686	33	66	of	of	ADP
fbem-16686	33	67	monetary	monetary	ADJ
fbem-16686	33	68	easing	ease	VERB
fbem-16686	33	69	policy	policy	NOUN
fbem-16686	33	70	.	.	PUNCT
fbem-16686	34	1	gambacorata	gambacorata	NOUN
fbem-16686	34	2	(	(	PUNCT
fbem-16686	34	3	2004)[3	2004)[3	NUM
fbem-16686	34	4	]	]	PUNCT
fbem-16686	34	5	in	in	ADP
fbem-16686	34	6	a	a	DET
fbem-16686	34	7	study	study	NOUN
fbem-16686	34	8	of	of	ADP
fbem-16686	34	9	italian	italian	ADJ
fbem-16686	34	10	commercial	commercial	ADJ
fbem-16686	34	11	banks	bank	NOUN
fbem-16686	34	12	,	,	PUNCT
fbem-16686	34	13	found	find	VERB
fbem-16686	34	14	that	that	SCONJ
fbem-16686	34	15	commercial	commercial	ADJ
fbem-16686	34	16	banks	bank	NOUN
fbem-16686	34	17	with	with	ADP
fbem-16686	34	18	high	high	ADJ
fbem-16686	34	19	capital	capital	NOUN
fbem-16686	34	20	adequacy	adequacy	NOUN
fbem-16686	34	21	levels	level	NOUN
fbem-16686	34	22	were	be	AUX
fbem-16686	34	23	more	more	ADV
fbem-16686	34	24	sensitive	sensitive	ADJ
fbem-16686	34	25	to	to	ADP
fbem-16686	34	26	the	the	DET
fbem-16686	34	27	adjustment	adjustment	NOUN
fbem-16686	34	28	of	of	ADP
fbem-16686	34	29	monetary	monetary	ADJ
fbem-16686	34	30	policy	policy	NOUN
fbem-16686	34	31	.	.	PUNCT
fbem-16686	35	1	gambacorata	gambacorata	NOUN
fbem-16686	35	2	(	(	PUNCT
fbem-16686	35	3	2004	2004	NUM
fbem-16686	35	4	)	)	PUNCT
fbem-16686	35	5	,	,	PUNCT
fbem-16686	35	6	in	in	ADP
fbem-16686	35	7	a	a	DET
fbem-16686	35	8	study	study	NOUN
fbem-16686	35	9	of	of	ADP
fbem-16686	35	10	italian	italian	ADJ
fbem-16686	35	11	commercial	commercial	ADJ
fbem-16686	35	12	banks	bank	NOUN
fbem-16686	35	13	,	,	PUNCT
fbem-16686	35	14	finds	find	VERB
fbem-16686	35	15	that	that	SCONJ
fbem-16686	35	16	commercial	commercial	ADJ
fbem-16686	35	17	banks	bank	NOUN
fbem-16686	35	18	with	with	ADP
fbem-16686	35	19	higher	high	ADJ
fbem-16686	35	20	capital	capital	NOUN
fbem-16686	35	21	adequacy	adequacy	NOUN
fbem-16686	35	22	ratios	ratio	NOUN
fbem-16686	35	23	are	be	AUX
fbem-16686	35	24	more	more	ADV
fbem-16686	35	25	stable	stable	ADJ
fbem-16686	35	26	in	in	ADP
fbem-16686	35	27	the	the	DET
fbem-16686	35	28	face	face	NOUN
fbem-16686	35	29	of	of	ADP
fbem-16686	35	30	monetary	monetary	ADJ
fbem-16686	35	31	policy	policy	NOUN
fbem-16686	35	32	or	or	CCONJ
fbem-16686	35	33	other	other	ADJ
fbem-16686	35	34	macroeconomic	macroeconomic	ADJ
fbem-16686	35	35	shocks	shock	NOUN
fbem-16686	35	36	.	.	PUNCT
fbem-16686	36	1	china	china	PROPN
fbem-16686	36	2	's	's	PART
fbem-16686	36	3	academia	academia	NOUN
fbem-16686	36	4	has	have	AUX
fbem-16686	36	5	conducted	conduct	VERB
fbem-16686	36	6	many	many	ADJ
fbem-16686	36	7	studies	study	NOUN
fbem-16686	36	8	on	on	ADP
fbem-16686	36	9	the	the	DET
fbem-16686	36	10	impact	impact	NOUN
fbem-16686	36	11	of	of	ADP
fbem-16686	36	12	capital	capital	NOUN
fbem-16686	36	13	adequacy	adequacy	NOUN
fbem-16686	36	14	on	on	ADP
fbem-16686	36	15	the	the	DET
fbem-16686	36	16	economy	economy	NOUN
fbem-16686	36	17	and	and	CCONJ
fbem-16686	36	18	credit	credit	NOUN
fbem-16686	36	19	supply	supply	NOUN
fbem-16686	36	20	,	,	PUNCT
fbem-16686	36	21	but	but	CCONJ
fbem-16686	36	22	the	the	DET
fbem-16686	36	23	studies	study	NOUN
fbem-16686	36	24	on	on	ADP
fbem-16686	36	25	the	the	DET
fbem-16686	36	26	relationship	relationship	NOUN
fbem-16686	36	27	between	between	ADP
fbem-16686	36	28	capital	capital	NOUN
fbem-16686	36	29	adequacy	adequacy	NOUN
fbem-16686	36	30	and	and	CCONJ
fbem-16686	36	31	monetary	monetary	ADJ
fbem-16686	36	32	policy	policy	NOUN
fbem-16686	36	33	transmission	transmission	NOUN
fbem-16686	36	34	are	be	AUX
fbem-16686	36	35	mostly	mostly	ADV
fbem-16686	36	36	theoretical	theoretical	ADJ
fbem-16686	36	37	analyses	analysis	NOUN
fbem-16686	36	38	,	,	PUNCT
fbem-16686	36	39	with	with	ADP
fbem-16686	36	40	relatively	relatively	ADV
fbem-16686	36	41	few	few	ADJ
fbem-16686	36	42	empirical	empirical	ADJ
fbem-16686	36	43	studies	study	NOUN
fbem-16686	36	44	.	.	PUNCT
fbem-16686	37	1	li	li	PROPN
fbem-16686	37	2	yang	yang	PROPN
fbem-16686	37	3	and	and	CCONJ
fbem-16686	37	4	peng	peng	PROPN
fbem-16686	37	5	xingyun	xingyun	PROPN
fbem-16686	37	6	(	(	PUNCT
fbem-16686	37	7	2005)[4	2005)[4	NUM
fbem-16686	37	8	]	]	PUNCT
fbem-16686	37	9	included	include	VERB
fbem-16686	37	10	both	both	CCONJ
fbem-16686	37	11	the	the	DET
fbem-16686	37	12	legal	legal	ADJ
fbem-16686	37	13	reserve	reserve	NOUN
fbem-16686	37	14	ratio	ratio	NOUN
fbem-16686	37	15	and	and	CCONJ
fbem-16686	37	16	the	the	DET
fbem-16686	37	17	capital	capital	NOUN
fbem-16686	37	18	adequacy	adequacy	NOUN
fbem-16686	37	19	ratio	ratio	NOUN
fbem-16686	37	20	in	in	ADP
fbem-16686	37	21	the	the	DET
fbem-16686	37	22	factor	factor	NOUN
fbem-16686	37	23	model	model	NOUN
fbem-16686	37	24	in	in	ADP
fbem-16686	37	25	their	their	PRON
fbem-16686	37	26	study	study	NOUN
fbem-16686	37	27	of	of	ADP
fbem-16686	37	28	monetary	monetary	ADJ
fbem-16686	37	29	policy	policy	NOUN
fbem-16686	37	30	transmission	transmission	NOUN
fbem-16686	37	31	channels	channel	NOUN
fbem-16686	37	32	,	,	PUNCT
fbem-16686	37	33	and	and	CCONJ
fbem-16686	37	34	found	find	VERB
fbem-16686	37	35	that	that	SCONJ
fbem-16686	37	36	the	the	DET
fbem-16686	37	37	capital	capital	NOUN
fbem-16686	37	38	adequacy	adequacy	NOUN
fbem-16686	37	39	ratio	ratio	NOUN
fbem-16686	37	40	affected	affect	VERB
fbem-16686	37	41	the	the	DET
fbem-16686	37	42	transmission	transmission	NOUN
fbem-16686	37	43	channels	channel	NOUN
fbem-16686	37	44	of	of	ADP
fbem-16686	37	45	monetary	monetary	ADJ
fbem-16686	37	46	policy	policy	NOUN
fbem-16686	37	47	in	in	ADP
fbem-16686	37	48	many	many	ADJ
fbem-16686	37	49	ways	way	NOUN
fbem-16686	37	50	.	.	PUNCT
fbem-16686	38	1	hu	hu	PROPN
fbem-16686	38	2	ying	ying	PROPN
fbem-16686	38	3	and	and	CCONJ
fbem-16686	38	4	zhong	zhong	PROPN
fbem-16686	38	5	weizhou	weizhou	PROPN
fbem-16686	38	6	(	(	PUNCT
fbem-16686	38	7	2010)[5	2010)[5	PROPN
fbem-16686	38	8	]	]	PUNCT
fbem-16686	38	9	analysed	analyse	VERB
fbem-16686	38	10	the	the	DET
fbem-16686	38	11	impact	impact	NOUN
fbem-16686	38	12	of	of	ADP
fbem-16686	38	13	monetary	monetary	ADJ
fbem-16686	38	14	policy	policy	NOUN
fbem-16686	38	15	shocks	shock	NOUN
fbem-16686	38	16	on	on	ADP
fbem-16686	38	17	the	the	DET
fbem-16686	38	18	optimal	optimal	ADJ
fbem-16686	38	19	behaviour	behaviour	NOUN
fbem-16686	38	20	of	of	ADP
fbem-16686	38	21	commercial	commercial	ADJ
fbem-16686	38	22	banks	bank	NOUN
fbem-16686	38	23	in	in	ADP
fbem-16686	38	24	china	china	PROPN
fbem-16686	38	25	when	when	SCONJ
fbem-16686	38	26	they	they	PRON
fbem-16686	38	27	are	be	AUX
fbem-16686	38	28	subject	subject	ADJ
fbem-16686	38	29	to	to	ADP
fbem-16686	38	30	the	the	DET
fbem-16686	38	31	dual	dual	ADJ
fbem-16686	38	32	constraints	constraint	NOUN
fbem-16686	38	33	of	of	ADP
fbem-16686	38	34	the	the	DET
fbem-16686	38	35	deposit	deposit	NOUN
fbem-16686	38	36	reserve	reserve	NOUN
fbem-16686	38	37	ratio	ratio	NOUN
fbem-16686	38	38	and	and	CCONJ
fbem-16686	38	39	the	the	DET
fbem-16686	38	40	minimum	minimum	ADJ
fbem-16686	38	41	capital	capital	NOUN
fbem-16686	38	42	adequacy	adequacy	NOUN
fbem-16686	38	43	ratio	ratio	NOUN
fbem-16686	38	44	at	at	ADP
fbem-16686	38	45	the	the	DET
fbem-16686	38	46	same	same	ADJ
fbem-16686	38	47	time	time	NOUN
fbem-16686	38	48	.	.	PUNCT
fbem-16686	39	1	the	the	DET
fbem-16686	39	2	results	result	NOUN
fbem-16686	39	3	show	show	VERB
fbem-16686	39	4	that	that	SCONJ
fbem-16686	39	5	under	under	ADP
fbem-16686	39	6	a	a	DET
fbem-16686	39	7	monopolistically	monopolistically	ADV
fbem-16686	39	8	competitive	competitive	ADJ
fbem-16686	39	9	market	market	NOUN
fbem-16686	39	10	structure	structure	NOUN
fbem-16686	39	11	,	,	PUNCT
fbem-16686	39	12	the	the	DET
fbem-16686	39	13	credit	credit	NOUN
fbem-16686	39	14	transmission	transmission	NOUN
fbem-16686	39	15	channel	channel	NOUN
fbem-16686	39	16	of	of	ADP
fbem-16686	39	17	monetary	monetary	ADJ
fbem-16686	39	18	policy	policy	NOUN
fbem-16686	39	19	is	be	AUX
fbem-16686	39	20	most	most	ADV
fbem-16686	39	21	effective	effective	ADJ
fbem-16686	39	22	when	when	SCONJ
fbem-16686	39	23	both	both	CCONJ
fbem-16686	39	24	the	the	DET
fbem-16686	39	25	capital	capital	NOUN
fbem-16686	39	26	adequacy	adequacy	NOUN
fbem-16686	39	27	ratio	ratio	NOUN
fbem-16686	39	28	and	and	CCONJ
fbem-16686	39	29	the	the	DET
fbem-16686	39	30	deposit	deposit	NOUN
fbem-16686	39	31	reserve	reserve	NOUN
fbem-16686	39	32	ratio	ratio	NOUN
fbem-16686	39	33	are	be	AUX
fbem-16686	39	34	satisfied	satisfied	ADJ
fbem-16686	39	35	.	.	PUNCT
fbem-16686	40	1	chen	chen	PROPN
fbem-16686	40	2	longteng	longteng	PROPN
fbem-16686	40	3	,	,	PUNCT
fbem-16686	40	4	he	he	PRON
fbem-16686	40	5	jianyong	jianyong	NOUN
fbem-16686	40	6	(	(	PUNCT
fbem-16686	40	7	2011)[6	2011)[6	NUM
fbem-16686	40	8	]	]	PUNCT
fbem-16686	40	9	in	in	ADP
fbem-16686	40	10	analysing	analyse	VERB
fbem-16686	40	11	the	the	DET
fbem-16686	40	12	relationship	relationship	NOUN
fbem-16686	40	13	between	between	ADP
fbem-16686	40	14	monetary	monetary	ADJ
fbem-16686	40	15	policy	policy	NOUN
fbem-16686	40	16	,	,	PUNCT
fbem-16686	40	17	capital	capital	NOUN
fbem-16686	40	18	adequacy	adequacy	NOUN
fbem-16686	40	19	and	and	CCONJ
fbem-16686	40	20	risk	risk	NOUN
fbem-16686	40	21	-	-	PUNCT
fbem-16686	40	22	taking	taking	NOUN
fbem-16686	40	23	,	,	PUNCT
fbem-16686	40	24	it	it	PRON
fbem-16686	40	25	is	be	AUX
fbem-16686	40	26	argued	argue	VERB
fbem-16686	40	27	that	that	SCONJ
fbem-16686	40	28	capital	capital	NOUN
fbem-16686	40	29	constraints	constraint	NOUN
fbem-16686	40	30	enrich	enrich	VERB
fbem-16686	40	31	and	and	CCONJ
fbem-16686	40	32	diversify	diversify	VERB
fbem-16686	40	33	the	the	DET
fbem-16686	40	34	transmission	transmission	NOUN
fbem-16686	40	35	channels	channel	NOUN
fbem-16686	40	36	of	of	ADP
fbem-16686	40	37	monetary	monetary	ADJ
fbem-16686	40	38	policy	policy	NOUN
fbem-16686	40	39	,	,	PUNCT
fbem-16686	40	40	and	and	CCONJ
fbem-16686	40	41	as	as	ADP
fbem-16686	40	42	a	a	DET
fbem-16686	40	43	result	result	NOUN
fbem-16686	40	44	,	,	PUNCT
fbem-16686	40	45	the	the	DET
fbem-16686	40	46	capital	capital	NOUN
fbem-16686	40	47	channel	channel	NOUN
fbem-16686	40	48	and	and	CCONJ
fbem-16686	40	49	the	the	DET
fbem-16686	40	50	risk	risk	NOUN
fbem-16686	40	51	-	-	PUNCT
fbem-16686	40	52	taking	take	VERB
fbem-16686	40	53	channel	channel	NOUN
fbem-16686	40	54	of	of	ADP
fbem-16686	40	55	monetary	monetary	ADJ
fbem-16686	40	56	policy	policy	NOUN
fbem-16686	40	57	are	be	AUX
fbem-16686	40	58	created	create	VERB
fbem-16686	40	59	.	.	PUNCT
fbem-16686	41	1	huang	huang	PROPN
fbem-16686	41	2	xian	xian	PROPN
fbem-16686	41	3	(	(	PUNCT
fbem-16686	41	4	2012)[7	2012)[7	PROPN
fbem-16686	41	5	]	]	PUNCT
fbem-16686	41	6	extended	extend	VERB
fbem-16686	41	7	the	the	DET
fbem-16686	41	8	is	is	NOUN
fbem-16686	41	9	-	-	PUNCT
fbem-16686	41	10	lm	lm	ADJ
fbem-16686	41	11	model	model	NOUN
fbem-16686	41	12	under	under	ADP
fbem-16686	41	13	bank	bank	NOUN
fbem-16686	41	14	capital	capital	NOUN
fbem-16686	41	15	constraints	constraint	NOUN
fbem-16686	41	16	and	and	CCONJ
fbem-16686	41	17	found	find	VERB
fbem-16686	41	18	that	that	SCONJ
fbem-16686	41	19	bank	bank	NOUN
fbem-16686	41	20	capital	capital	NOUN
fbem-16686	41	21	constraints	constraint	NOUN
fbem-16686	41	22	can	can	AUX
fbem-16686	41	23	produce	produce	VERB
fbem-16686	41	24	asymmetric	asymmetric	ADJ
fbem-16686	41	25	effects	effect	NOUN
fbem-16686	41	26	of	of	ADP
fbem-16686	41	27	monetary	monetary	ADJ
fbem-16686	41	28	policy	policy	NOUN
fbem-16686	41	29	by	by	ADP
fbem-16686	41	30	affecting	affect	VERB
fbem-16686	41	31	the	the	DET
fbem-16686	41	32	bank	bank	NOUN
fbem-16686	41	33	credit	credit	NOUN
fbem-16686	41	34	channel	channel	NOUN
fbem-16686	41	35	,	,	PUNCT
fbem-16686	41	36	and	and	CCONJ
fbem-16686	41	37	that	that	SCONJ
fbem-16686	41	38	the	the	DET
fbem-16686	41	39	joint	joint	ADJ
fbem-16686	41	40	efficiency	efficiency	NOUN
fbem-16686	41	41	of	of	ADP
fbem-16686	41	42	monetary	monetary	ADJ
fbem-16686	41	43	policy	policy	NOUN
fbem-16686	41	44	and	and	CCONJ
fbem-16686	41	45	eagle	eagle	PROPN
fbem-16686	41	46	airlines	airline	NOUN
fbem-16686	41	47	capital	capital	NOUN
fbem-16686	41	48	regulation	regulation	NOUN
fbem-16686	41	49	is	be	AUX
fbem-16686	41	50	low	low	ADJ
fbem-16686	41	51	.	.	PUNCT
fbem-16686	42	1	wang	wang	PROPN
fbem-16686	42	2	lulu	lulu	PROPN
fbem-16686	42	3	(	(	PUNCT
fbem-16686	42	4	2013)[8	2013)[8	PROPN
fbem-16686	42	5	]	]	PUNCT
fbem-16686	42	6	pointed	point	VERB
fbem-16686	42	7	out	out	ADP
fbem-16686	42	8	that	that	SCONJ
fbem-16686	42	9	capital	capital	NOUN
fbem-16686	42	10	adequacy	adequacy	NOUN
fbem-16686	42	11	regulation	regulation	NOUN
fbem-16686	42	12	belongs	belong	VERB
fbem-16686	42	13	to	to	ADP
fbem-16686	42	14	the	the	DET
fbem-16686	42	15	scope	scope	NOUN
fbem-16686	42	16	of	of	ADP
fbem-16686	42	17	microprudential	microprudential	ADJ
fbem-16686	42	18	,	,	PUNCT
fbem-16686	42	19	and	and	CCONJ
fbem-16686	42	20	the	the	DET
fbem-16686	42	21	impact	impact	NOUN
fbem-16686	42	22	of	of	ADP
fbem-16686	42	23	capital	capital	NOUN
fbem-16686	42	24	adequacy	adequacy	NOUN
fbem-16686	42	25	regulation	regulation	NOUN
fbem-16686	42	26	on	on	ADP
fbem-16686	42	27	credit	credit	NOUN
fbem-16686	42	28	,	,	PUNCT
fbem-16686	42	29	bank	bank	NOUN
fbem-16686	42	30	risk	risk	NOUN
fbem-16686	42	31	appetite	appetite	NOUN
fbem-16686	42	32	,	,	PUNCT
fbem-16686	42	33	economic	economic	ADJ
fbem-16686	42	34	cycles	cycle	NOUN
fbem-16686	42	35	and	and	CCONJ
fbem-16686	42	36	the	the	DET
fbem-16686	42	37	transmission	transmission	NOUN
fbem-16686	42	38	mechanism	mechanism	NOUN
fbem-16686	42	39	of	of	ADP
fbem-16686	42	40	monetary	monetary	ADJ
fbem-16686	42	41	policy	policy	NOUN
fbem-16686	42	42	is	be	AUX
fbem-16686	42	43	essentially	essentially	ADV
fbem-16686	42	44	a	a	DET
fbem-16686	42	45	reflection	reflection	NOUN
fbem-16686	42	46	of	of	ADP
fbem-16686	42	47	the	the	DET
fbem-16686	42	48	inconsistency	inconsistency	NOUN
fbem-16686	42	49	between	between	ADP
fbem-16686	42	50	microprudential	microprudential	ADJ
fbem-16686	42	51	regulation	regulation	NOUN
fbem-16686	42	52	and	and	CCONJ
fbem-16686	42	53	macroeconomic	macroeconomic	ADJ
fbem-16686	42	54	objectives	objective	NOUN
fbem-16686	42	55	.	.	PUNCT
fbem-16686	43	1	wang	wang	PROPN
fbem-16686	43	2	zhouwei	zhouwei	PROPN
fbem-16686	43	3	and	and	CCONJ
fbem-16686	43	4	wang	wang	PROPN
fbem-16686	43	5	heng	heng	PROPN
fbem-16686	43	6	(	(	PUNCT
fbem-16686	43	7	2016)[9	2016)[9	ADV
fbem-16686	43	8	]	]	PUNCT
fbem-16686	43	9	construct	construct	VERB
fbem-16686	43	10	a	a	DET
fbem-16686	43	11	partial	partial	ADJ
fbem-16686	43	12	equilibrium	equilibrium	NOUN
fbem-16686	43	13	system	system	NOUN
fbem-16686	43	14	between	between	ADP
fbem-16686	43	15	banks	bank	NOUN
fbem-16686	43	16	-	-	PUNCT
fbem-16686	43	17	vendors	vendor	NOUN
fbem-16686	43	18	from	from	ADP
fbem-16686	43	19	bank	bank	NOUN
fbem-16686	43	20	heterogeneity	heterogeneity	NOUN
fbem-16686	43	21	,	,	PUNCT
fbem-16686	43	22	and	and	CCONJ
fbem-16686	43	23	find	find	VERB
fbem-16686	43	24	that	that	SCONJ
fbem-16686	43	25	the	the	DET
fbem-16686	43	26	overall	overall	ADJ
fbem-16686	43	27	level	level	NOUN
fbem-16686	43	28	of	of	ADP
fbem-16686	43	29	liquidity	liquidity	NOUN
fbem-16686	43	30	creation	creation	NOUN
fbem-16686	43	31	of	of	ADP
fbem-16686	43	32	large	large	ADJ
fbem-16686	43	33	stateowned	stateowne	VERB
fbem-16686	43	34	banks	bank	NOUN
fbem-16686	43	35	and	and	CCONJ
fbem-16686	43	36	national	national	ADJ
fbem-16686	43	37	joint	joint	ADJ
fbem-16686	43	38	-	-	PUNCT
fbem-16686	43	39	stock	stock	NOUN
fbem-16686	43	40	banks	bank	NOUN
fbem-16686	43	41	with	with	ADP
fbem-16686	43	42	larger	large	ADJ
fbem-16686	43	43	asset	asset	NOUN
fbem-16686	43	44	sizes	size	NOUN
fbem-16686	43	45	and	and	CCONJ
fbem-16686	43	46	higher	high	ADJ
fbem-16686	43	47	capital	capital	NOUN
fbem-16686	43	48	adequacy	adequacy	NOUN
fbem-16686	43	49	ratios	ratio	NOUN
fbem-16686	43	50	is	be	AUX
fbem-16686	43	51	not	not	PART
fbem-16686	43	52	significantly	significantly	ADV
fbem-16686	43	53	affected	affect	VERB
fbem-16686	43	54	by	by	ADP
fbem-16686	43	55	monetary	monetary	ADJ
fbem-16686	43	56	policy	policy	NOUN
fbem-16686	43	57	,	,	PUNCT
fbem-16686	43	58	and	and	CCONJ
fbem-16686	43	59	the	the	DET
fbem-16686	43	60	same	same	ADJ
fbem-16686	43	61	conclusion	conclusion	NOUN
fbem-16686	43	62	is	be	AUX
fbem-16686	43	63	obtained	obtain	VERB
fbem-16686	43	64	by	by	ADP
fbem-16686	43	65	wang	wang	PROPN
fbem-16686	43	66	xin[10	xin[10	PROPN
fbem-16686	43	67	]	]	PUNCT
fbem-16686	43	68	(	(	PUNCT
fbem-16686	43	69	2018	2018	NUM
fbem-16686	43	70	)	)	PUNCT
fbem-16686	43	71	.	.	PUNCT
fbem-16686	44	1	guan	guan	PROPN
fbem-16686	44	2	yanfeng	yanfeng	PROPN
fbem-16686	44	3	and	and	CCONJ
fbem-16686	44	4	xu	xu	VERB
fbem-16686	45	1	qili[11	qili[11	ADV
fbem-16686	45	2	]	]	X
fbem-16686	45	3	(	(	PUNCT
fbem-16686	45	4	2019	2019	NUM
fbem-16686	45	5	)	)	PUNCT
fbem-16686	45	6	showed	show	VERB
fbem-16686	45	7	that	that	SCONJ
fbem-16686	45	8	commercial	commercial	ADJ
fbem-16686	45	9	banks	bank	NOUN
fbem-16686	45	10	'	'	PART
fbem-16686	45	11	capital	capital	NOUN
fbem-16686	45	12	constraints	constraint	NOUN
fbem-16686	45	13	are	be	AUX
fbem-16686	45	14	significantly	significantly	ADV
fbem-16686	45	15	related	relate	VERB
fbem-16686	45	16	to	to	ADP
fbem-16686	45	17	credit	credit	NOUN
fbem-16686	45	18	risk	risk	NOUN
fbem-16686	45	19	,	,	PUNCT
fbem-16686	45	20	the	the	PRON
fbem-16686	45	21	higher	high	ADJ
fbem-16686	45	22	the	the	DET
fbem-16686	45	23	capital	capital	NOUN
fbem-16686	45	24	adequacy	adequacy	NOUN
fbem-16686	45	25	,	,	PUNCT
fbem-16686	45	26	the	the	PRON
fbem-16686	45	27	lower	low	ADJ
fbem-16686	45	28	the	the	DET
fbem-16686	45	29	credit	credit	NOUN
fbem-16686	45	30	risk	risk	NOUN
fbem-16686	45	31	,	,	PUNCT
fbem-16686	45	32	and	and	CCONJ
fbem-16686	45	33	the	the	DET
fbem-16686	45	34	impact	impact	NOUN
fbem-16686	45	35	of	of	ADP
fbem-16686	45	36	capital	capital	NOUN
fbem-16686	45	37	constraints	constraint	NOUN
fbem-16686	45	38	and	and	CCONJ
fbem-16686	45	39	monetary	monetary	ADJ
fbem-16686	45	40	policy	policy	NOUN
fbem-16686	45	41	on	on	ADP
fbem-16686	45	42	credit	credit	NOUN
fbem-16686	45	43	risk	risk	NOUN
fbem-16686	45	44	will	will	AUX
fbem-16686	45	45	have	have	VERB
fbem-16686	45	46	a	a	DET
fbem-16686	45	47	"	"	PUNCT
fbem-16686	45	48	complementary	complementary	ADJ
fbem-16686	45	49	effect	effect	NOUN
fbem-16686	45	50	"	"	PUNCT
fbem-16686	45	51	.	.	PUNCT
fbem-16686	46	1	3	3	X
fbem-16686	46	2	.	.	NUM
fbem-16686	46	3	mechanisms	mechanism	NOUN
fbem-16686	46	4	of	of	ADP
fbem-16686	46	5	the	the	DET
fbem-16686	46	6	impact	impact	NOUN
fbem-16686	46	7	of	of	ADP
fbem-16686	46	8	capital	capital	NOUN
fbem-16686	46	9	adequacy	adequacy	NOUN
fbem-16686	46	10	on	on	ADP
fbem-16686	46	11	the	the	DET
fbem-16686	46	12	transmission	transmission	NOUN
fbem-16686	46	13	of	of	ADP
fbem-16686	46	14	monetary	monetary	ADJ
fbem-16686	46	15	policy	policy	NOUN
fbem-16686	46	16	when	when	SCONJ
fbem-16686	46	17	a	a	DET
fbem-16686	46	18	commercial	commercial	ADJ
fbem-16686	46	19	bank	bank	NOUN
fbem-16686	46	20	responds	respond	VERB
fbem-16686	46	21	optimally	optimally	ADV
fbem-16686	46	22	to	to	ADP
fbem-16686	46	23	monetary	monetary	ADJ
fbem-16686	46	24	policy	policy	NOUN
fbem-16686	46	25	,	,	PUNCT
fbem-16686	46	26	it	it	PRON
fbem-16686	46	27	adjusts	adjust	VERB
fbem-16686	46	28	its	its	PRON
fbem-16686	46	29	capital	capital	NOUN
fbem-16686	46	30	adequacy	adequacy	NOUN
fbem-16686	46	31	level	level	NOUN
fbem-16686	46	32	by	by	ADP
fbem-16686	46	33	changes	change	NOUN
fbem-16686	46	34	in	in	ADP
fbem-16686	46	35	its	its	PRON
fbem-16686	46	36	balance	balance	NOUN
fbem-16686	46	37	sheet	sheet	NOUN
fbem-16686	46	38	,	,	PUNCT
fbem-16686	46	39	and	and	CCONJ
fbem-16686	46	40	commercial	commercial	ADJ
fbem-16686	46	41	banks	bank	NOUN
fbem-16686	46	42	have	have	VERB
fbem-16686	46	43	to	to	PART
fbem-16686	46	44	take	take	VERB
fbem-16686	46	45	into	into	ADP
fbem-16686	46	46	account	account	NOUN
fbem-16686	46	47	new	new	ADJ
fbem-16686	46	48	changes	change	NOUN
fbem-16686	46	49	in	in	ADP
fbem-16686	46	50	capital	capital	NOUN
fbem-16686	46	51	adequacy	adequacy	NOUN
fbem-16686	46	52	when	when	SCONJ
fbem-16686	46	53	making	make	VERB
fbem-16686	46	54	credit	credit	NOUN
fbem-16686	46	55	investment	investment	NOUN
fbem-16686	46	56	decisions	decision	NOUN
fbem-16686	46	57	,	,	PUNCT
fbem-16686	46	58	a	a	DET
fbem-16686	46	59	two	two	NUM
fbem-16686	46	60	-	-	PUNCT
fbem-16686	46	61	way	way	NOUN
fbem-16686	46	62	dynamic	dynamic	ADJ
fbem-16686	46	63	change	change	NOUN
fbem-16686	46	64	that	that	PRON
fbem-16686	46	65	affects	affect	VERB
fbem-16686	46	66	the	the	DET
fbem-16686	46	67	regulatory	regulatory	ADJ
fbem-16686	46	68	effect	effect	NOUN
fbem-16686	46	69	of	of	ADP
fbem-16686	46	70	monetary	monetary	ADJ
fbem-16686	46	71	policy	policy	NOUN
fbem-16686	46	72	.	.	PUNCT
fbem-16686	47	1	treating	treat	VERB
fbem-16686	47	2	all	all	DET
fbem-16686	47	3	banks	bank	NOUN
fbem-16686	47	4	as	as	ADP
fbem-16686	47	5	a	a	DET
fbem-16686	47	6	unified	unified	ADJ
fbem-16686	47	7	whole	whole	NOUN
fbem-16686	47	8	a	a	DET
fbem-16686	47	9	single	single	ADJ
fbem-16686	47	10	bank	bank	NOUN
fbem-16686	47	11	this	this	DET
fbem-16686	47	12	single	single	ADJ
fbem-16686	47	13	bank	bank	NOUN
fbem-16686	47	14	is	be	AUX
fbem-16686	47	15	the	the	DET
fbem-16686	47	16	representative	representative	ADJ
fbem-16686	47	17	bank	bank	NOUN
fbem-16686	47	18	.	.	PUNCT
fbem-16686	48	1	to	to	PART
fbem-16686	48	2	study	study	VERB
fbem-16686	48	3	the	the	DET
fbem-16686	48	4	transmission	transmission	NOUN
fbem-16686	48	5	of	of	ADP
fbem-16686	48	6	monetary	monetary	ADJ
fbem-16686	48	7	policy	policy	NOUN
fbem-16686	48	8	,	,	PUNCT
fbem-16686	48	9	the	the	DET
fbem-16686	48	10	behavior	behavior	NOUN
fbem-16686	48	11	of	of	ADP
fbem-16686	48	12	the	the	DET
fbem-16686	48	13	representative	representative	ADJ
fbem-16686	48	14	bank	bank	NOUN
fbem-16686	48	15	can	can	AUX
fbem-16686	48	16	be	be	AUX
fbem-16686	48	17	studied	study	VERB
fbem-16686	48	18	.	.	PUNCT
fbem-16686	49	1	based	base	VERB
fbem-16686	49	2	on	on	ADP
fbem-16686	49	3	the	the	DET
fbem-16686	49	4	assumption	assumption	NOUN
fbem-16686	49	5	of	of	ADP
fbem-16686	49	6	representative	representative	ADJ
fbem-16686	49	7	banks	bank	NOUN
fbem-16686	49	8	,	,	PUNCT
fbem-16686	49	9	capital	capital	NOUN
fbem-16686	49	10	adequacy	adequacy	NOUN
fbem-16686	49	11	affects	affect	VERB
fbem-16686	49	12	the	the	DET
fbem-16686	49	13	transmission	transmission	NOUN
fbem-16686	49	14	of	of	ADP
fbem-16686	49	15	monetary	monetary	ADJ
fbem-16686	49	16	policy	policy	NOUN
fbem-16686	49	17	through	through	ADP
fbem-16686	49	18	three	three	NUM
fbem-16686	49	19	main	main	ADJ
fbem-16686	49	20	channels	channel	NOUN
fbem-16686	49	21	:	:	PUNCT
fbem-16686	49	22	the	the	DET
fbem-16686	49	23	bank	bank	NOUN
fbem-16686	49	24	lending	lending	NOUN
fbem-16686	49	25	channel	channel	NOUN
fbem-16686	49	26	,	,	PUNCT
fbem-16686	49	27	the	the	DET
fbem-16686	49	28	bank	bank	NOUN
fbem-16686	49	29	capital	capital	PROPN
fbem-16686	49	30	channel	channel	PROPN
fbem-16686	49	31	,	,	PUNCT
fbem-16686	49	32	and	and	CCONJ
fbem-16686	49	33	the	the	DET
fbem-16686	49	34	interest	interest	NOUN
fbem-16686	49	35	rate	rate	NOUN
fbem-16686	49	36	channel	channel	PROPN
fbem-16686	49	37	.	.	PUNCT
fbem-16686	50	1	commercial	commercial	ADJ
fbem-16686	50	2	bank	bank	NOUN
fbem-16686	50	3	lending	lending	NOUN
fbem-16686	50	4	channels	channel	NOUN
fbem-16686	50	5	are	be	AUX
fbem-16686	50	6	greatly	greatly	ADV
fbem-16686	50	7	influenced	influence	VERB
fbem-16686	50	8	by	by	ADP
fbem-16686	50	9	the	the	DET
fbem-16686	50	10	risk	risk	NOUN
fbem-16686	50	11	premium	premium	NOUN
fbem-16686	50	12	effect	effect	NOUN
fbem-16686	50	13	.	.	PUNCT
fbem-16686	51	1	the	the	DET
fbem-16686	51	2	capital	capital	NOUN
fbem-16686	51	3	adequacy	adequacy	NOUN
fbem-16686	51	4	ratio	ratio	NOUN
fbem-16686	51	5	reflects	reflect	VERB
fbem-16686	51	6	a	a	DET
fbem-16686	51	7	bank	bank	NOUN
fbem-16686	51	8	's	's	PART
fbem-16686	51	9	ability	ability	NOUN
fbem-16686	51	10	to	to	PART
fbem-16686	51	11	absorb	absorb	VERB
fbem-16686	51	12	and	and	CCONJ
fbem-16686	51	13	withstand	withstand	VERB
fbem-16686	51	14	risks	risk	NOUN
fbem-16686	51	15	,	,	PUNCT
fbem-16686	51	16	and	and	CCONJ
fbem-16686	51	17	because	because	SCONJ
fbem-16686	51	18	of	of	ADP
fbem-16686	51	19	the	the	DET
fbem-16686	51	20	imperfections	imperfection	NOUN
fbem-16686	51	21	of	of	ADP
fbem-16686	51	22	the	the	DET
fbem-16686	51	23	credit	credit	NOUN
fbem-16686	51	24	market	market	NOUN
fbem-16686	51	25	,	,	PUNCT
fbem-16686	51	26	the	the	PRON
fbem-16686	51	27	lower	low	ADJ
fbem-16686	51	28	the	the	DET
fbem-16686	51	29	capital	capital	NOUN
fbem-16686	51	30	adequacy	adequacy	NOUN
fbem-16686	51	31	ratio	ratio	NOUN
fbem-16686	51	32	of	of	ADP
fbem-16686	51	33	a	a	DET
fbem-16686	51	34	commercial	commercial	ADJ
fbem-16686	51	35	bank	bank	NOUN
fbem-16686	51	36	,	,	PUNCT
fbem-16686	51	37	the	the	PRON
fbem-16686	51	38	higher	high	ADJ
fbem-16686	51	39	the	the	DET
fbem-16686	51	40	perceived	perceive	VERB
fbem-16686	51	41	risk	risk	NOUN
fbem-16686	51	42	of	of	ADP
fbem-16686	51	43	the	the	DET
fbem-16686	51	44	bank	bank	NOUN
fbem-16686	51	45	's	's	PART
fbem-16686	51	46	operations	operation	NOUN
fbem-16686	51	47	by	by	ADP
fbem-16686	51	48	external	external	ADJ
fbem-16686	51	49	investors	investor	NOUN
fbem-16686	51	50	,	,	PUNCT
fbem-16686	51	51	who	who	PRON
fbem-16686	51	52	will	will	AUX
fbem-16686	51	53	inevitably	inevitably	ADV
fbem-16686	51	54	ask	ask	VERB
fbem-16686	51	55	for	for	ADP
fbem-16686	51	56	more	more	ADJ
fbem-16686	51	57	compensation	compensation	NOUN
fbem-16686	51	58	for	for	ADP
fbem-16686	51	59	the	the	DET
fbem-16686	51	60	risks	risk	NOUN
fbem-16686	51	61	,	,	PUNCT
fbem-16686	51	62	thus	thus	ADV
fbem-16686	51	63	pushing	push	VERB
fbem-16686	51	64	up	up	ADP
fbem-16686	51	65	the	the	DET
fbem-16686	51	66	level	level	NOUN
fbem-16686	51	67	of	of	ADP
fbem-16686	51	68	the	the	DET
fbem-16686	51	69	bank	bank	NOUN
fbem-16686	51	70	's	's	PART
fbem-16686	51	71	risk	risk	NOUN
fbem-16686	51	72	premium	premium	NOUN
fbem-16686	51	73	.	.	PUNCT
fbem-16686	52	1	when	when	SCONJ
fbem-16686	52	2	the	the	DET
fbem-16686	52	3	monetary	monetary	ADJ
fbem-16686	52	4	authority	authority	NOUN
fbem-16686	52	5	implements	implement	VERB
fbem-16686	52	6	a	a	DET
fbem-16686	52	7	tight	tight	ADJ
fbem-16686	52	8	monetary	monetary	ADJ
fbem-16686	52	9	policy	policy	NOUN
fbem-16686	52	10	,	,	PUNCT
fbem-16686	52	11	the	the	DET
fbem-16686	52	12	ability	ability	NOUN
fbem-16686	52	13	of	of	ADP
fbem-16686	52	14	commercial	commercial	ADJ
fbem-16686	52	15	banks	bank	NOUN
fbem-16686	52	16	to	to	PART
fbem-16686	52	17	absorb	absorb	VERB
fbem-16686	52	18	deposits	deposit	NOUN
fbem-16686	52	19	decreases	decrease	NOUN
fbem-16686	52	20	with	with	ADP
fbem-16686	52	21	the	the	DET
fbem-16686	52	22	reduction	reduction	NOUN
fbem-16686	52	23	of	of	ADP
fbem-16686	52	24	excess	excess	ADJ
fbem-16686	52	25	reserves	reserve	NOUN
fbem-16686	52	26	.	.	PUNCT
fbem-16686	53	1	to	to	PART
fbem-16686	53	2	keep	keep	VERB
fbem-16686	53	3	the	the	DET
fbem-16686	53	4	structure	structure	NOUN
fbem-16686	53	5	of	of	ADP
fbem-16686	53	6	their	their	PRON
fbem-16686	53	7	asset	asset	NOUN
fbem-16686	53	8	portfolio	portfolio	NOUN
fbem-16686	53	9	unchanged	unchanged	ADJ
fbem-16686	53	10	,	,	PUNCT
fbem-16686	53	11	commercial	commercial	ADJ
fbem-16686	53	12	banks	bank	NOUN
fbem-16686	53	13	need	need	VERB
fbem-16686	53	14	to	to	PART
fbem-16686	53	15	raise	raise	VERB
fbem-16686	53	16	funds	fund	NOUN
fbem-16686	53	17	for	for	ADP
fbem-16686	53	18	liabilities	liability	NOUN
fbem-16686	53	19	,	,	PUNCT
fbem-16686	53	20	such	such	ADJ
fbem-16686	53	21	as	as	ADP
fbem-16686	53	22	large	large	ADJ
fbem-16686	53	23	negotiable	negotiable	ADJ
fbem-16686	53	24	fixed	fixed	ADJ
fbem-16686	53	25	certificates	certificate	NOUN
fbem-16686	53	26	of	of	ADP
fbem-16686	53	27	deposit	deposit	NOUN
fbem-16686	53	28	(	(	PUNCT
fbem-16686	53	29	cds	cds	PROPN
fbem-16686	53	30	)	)	PUNCT
fbem-16686	53	31	,	,	PUNCT
fbem-16686	53	32	bank	bank	NOUN
fbem-16686	53	33	bonds	bond	NOUN
fbem-16686	53	34	,	,	PUNCT
fbem-16686	53	35	etc	etc	X
fbem-16686	53	36	.	.	X
fbem-16686	53	37	such	such	ADJ
fbem-16686	53	38	bank	bank	NOUN
fbem-16686	53	39	funds	fund	NOUN
fbem-16686	53	40	for	for	ADP
fbem-16686	53	41	liabilities	liability	NOUN
fbem-16686	53	42	are	be	AUX
fbem-16686	53	43	not	not	PART
fbem-16686	53	44	subject	subject	ADJ
fbem-16686	53	45	to	to	ADP
fbem-16686	53	46	deposit	deposit	NOUN
fbem-16686	53	47	reserves	reserve	NOUN
fbem-16686	53	48	.	.	PUNCT
fbem-16686	54	1	if	if	SCONJ
fbem-16686	54	2	the	the	DET
fbem-16686	54	3	capital	capital	NOUN
fbem-16686	54	4	adequacy	adequacy	NOUN
fbem-16686	54	5	ratio	ratio	NOUN
fbem-16686	54	6	of	of	ADP
fbem-16686	54	7	a	a	DET
fbem-16686	54	8	commercial	commercial	ADJ
fbem-16686	54	9	bank	bank	NOUN
fbem-16686	54	10	is	be	AUX
fbem-16686	54	11	below	below	ADP
fbem-16686	54	12	the	the	DET
fbem-16686	54	13	minimum	minimum	ADJ
fbem-16686	54	14	regulatory	regulatory	ADJ
fbem-16686	54	15	standard	standard	NOUN
fbem-16686	54	16	,	,	PUNCT
fbem-16686	54	17	it	it	PRON
fbem-16686	54	18	can	can	AUX
fbem-16686	54	19	neither	neither	CCONJ
fbem-16686	54	20	bear	bear	VERB
fbem-16686	54	21	the	the	DET
fbem-16686	54	22	potential	potential	ADJ
fbem-16686	54	23	operational	operational	ADJ
fbem-16686	54	24	risk	risk	NOUN
fbem-16686	54	25	nor	nor	CCONJ
fbem-16686	54	26	increase	increase	VERB
fbem-16686	54	27	its	its	PRON
fbem-16686	54	28	position	position	NOUN
fbem-16686	54	29	by	by	ADP
fbem-16686	54	30	way	way	NOUN
fbem-16686	54	31	of	of	ADP
fbem-16686	54	32	liabilities	liability	NOUN
fbem-16686	54	33	,	,	PUNCT
fbem-16686	54	34	so	so	SCONJ
fbem-16686	54	35	in	in	ADP
fbem-16686	54	36	a	a	DET
fbem-16686	54	37	tight	tight	ADJ
fbem-16686	54	38	monetary	monetary	ADJ
fbem-16686	54	39	environment	environment	NOUN
fbem-16686	54	40	,	,	PUNCT
fbem-16686	54	41	the	the	DET
fbem-16686	54	42	capital	capital	NOUN
fbem-16686	54	43	adequacy	adequacy	NOUN
fbem-16686	54	44	constraint	constraint	NOUN
fbem-16686	54	45	ultimately	ultimately	ADV
fbem-16686	54	46	leads	lead	VERB
fbem-16686	54	47	to	to	ADP
fbem-16686	54	48	a	a	DET
fbem-16686	54	49	reduction	reduction	NOUN
fbem-16686	54	50	in	in	ADP
fbem-16686	54	51	the	the	DET
fbem-16686	54	52	supply	supply	NOUN
fbem-16686	54	53	of	of	ADP
fbem-16686	54	54	credit	credit	NOUN
fbem-16686	54	55	by	by	ADP
fbem-16686	54	56	commercial	commercial	ADJ
fbem-16686	54	57	banks	bank	NOUN
fbem-16686	54	58	.	.	PUNCT
fbem-16686	55	1	although	although	SCONJ
fbem-16686	55	2	commercial	commercial	ADJ
fbem-16686	55	3	banks	bank	NOUN
fbem-16686	55	4	can	can	AUX
fbem-16686	55	5	increase	increase	VERB
fbem-16686	55	6	their	their	PRON
fbem-16686	55	7	excess	excess	ADJ
fbem-16686	55	8	reserves	reserve	NOUN
fbem-16686	55	9	under	under	ADP
fbem-16686	55	10	monetary	monetary	ADJ
fbem-16686	55	11	easing	easing	NOUN
fbem-16686	55	12	,	,	PUNCT
fbem-16686	55	13	the	the	DET
fbem-16686	55	14	new	new	ADJ
fbem-16686	55	15	excess	excess	ADJ
fbem-16686	55	16	reserves	reserve	NOUN
fbem-16686	55	17	will	will	AUX
fbem-16686	55	18	not	not	PART
fbem-16686	55	19	be	be	AUX
fbem-16686	55	20	able	able	ADJ
fbem-16686	55	21	to	to	PART
fbem-16686	55	22	release	release	VERB
fbem-16686	55	23	the	the	DET
fbem-16686	55	24	potential	potential	ADJ
fbem-16686	55	25	lending	lending	NOUN
fbem-16686	55	26	capacity	capacity	NOUN
fbem-16686	55	27	of	of	ADP
fbem-16686	55	28	banks	bank	NOUN
fbem-16686	55	29	because	because	SCONJ
fbem-16686	55	30	of	of	ADP
fbem-16686	55	31	the	the	DET
fbem-16686	55	32	capital	capital	NOUN
fbem-16686	55	33	adequacy	adequacy	NOUN
fbem-16686	55	34	constraint	constraint	NOUN
fbem-16686	55	35	.	.	PUNCT
fbem-16686	56	1	thus	thus	ADV
fbem-16686	56	2	,	,	PUNCT
fbem-16686	56	3	the	the	DET
fbem-16686	56	4	specific	specific	ADJ
fbem-16686	56	5	transmission	transmission	NOUN
fbem-16686	56	6	path	path	NOUN
fbem-16686	56	7	of	of	ADP
fbem-16686	56	8	the	the	DET
fbem-16686	56	9	bank	bank	NOUN
fbem-16686	56	10	170	170	NUM
fbem-16686	56	11	lending	lending	NOUN
fbem-16686	56	12	channel	channel	NOUN
fbem-16686	56	13	is	be	AUX
fbem-16686	56	14	shown	show	VERB
fbem-16686	56	15	in	in	ADP
fbem-16686	56	16	figure	figure	NOUN
fbem-16686	56	17	1	1	NUM
fbem-16686	56	18	.	.	PUNCT
fbem-16686	56	19	figure	figure	NOUN
fbem-16686	56	20	1	1	NUM
fbem-16686	56	21	.	.	PUNCT
fbem-16686	56	22	bank	bank	PROPN
fbem-16686	56	23	lending	lending	NOUN
fbem-16686	56	24	channel	channel	NOUN
fbem-16686	56	25	transmission	transmission	NOUN
fbem-16686	56	26	path	path	NOUN
fbem-16686	56	27	from	from	ADP
fbem-16686	56	28	the	the	DET
fbem-16686	56	29	point	point	NOUN
fbem-16686	56	30	of	of	ADP
fbem-16686	56	31	view	view	NOUN
fbem-16686	56	32	of	of	ADP
fbem-16686	56	33	the	the	DET
fbem-16686	56	34	transmission	transmission	NOUN
fbem-16686	56	35	channel	channel	NOUN
fbem-16686	56	36	of	of	ADP
fbem-16686	56	37	bank	bank	NOUN
fbem-16686	56	38	interest	interest	NOUN
fbem-16686	56	39	rates	rate	NOUN
fbem-16686	56	40	,	,	PUNCT
fbem-16686	56	41	the	the	DET
fbem-16686	56	42	maturity	maturity	NOUN
fbem-16686	56	43	of	of	ADP
fbem-16686	56	44	bank	bank	NOUN
fbem-16686	56	45	deposits	deposit	NOUN
fbem-16686	56	46	and	and	CCONJ
fbem-16686	56	47	liabilities	liability	NOUN
fbem-16686	56	48	is	be	AUX
fbem-16686	56	49	shorter	short	ADJ
fbem-16686	56	50	while	while	SCONJ
fbem-16686	56	51	the	the	DET
fbem-16686	56	52	maturity	maturity	NOUN
fbem-16686	56	53	of	of	ADP
fbem-16686	56	54	loan	loan	NOUN
fbem-16686	56	55	assets	asset	NOUN
fbem-16686	56	56	is	be	AUX
fbem-16686	56	57	longer	long	ADJ
fbem-16686	56	58	,	,	PUNCT
fbem-16686	56	59	so	so	CCONJ
fbem-16686	56	60	although	although	SCONJ
fbem-16686	56	61	banks	bank	NOUN
fbem-16686	56	62	can	can	AUX
fbem-16686	56	63	make	make	VERB
fbem-16686	56	64	short	short	ADJ
fbem-16686	56	65	deposits	deposit	NOUN
fbem-16686	56	66	and	and	CCONJ
fbem-16686	56	67	long	long	ADJ
fbem-16686	56	68	loans	loan	NOUN
fbem-16686	56	69	to	to	PART
fbem-16686	56	70	earn	earn	VERB
fbem-16686	56	71	high	high	ADJ
fbem-16686	56	72	spreads	spread	NOUN
fbem-16686	56	73	,	,	PUNCT
fbem-16686	56	74	the	the	DET
fbem-16686	56	75	maturity	maturity	NOUN
fbem-16686	56	76	mismatch	mismatch	NOUN
fbem-16686	56	77	will	will	AUX
fbem-16686	56	78	,	,	PUNCT
fbem-16686	56	79	on	on	ADP
fbem-16686	56	80	the	the	DET
fbem-16686	56	81	one	one	NUM
fbem-16686	56	82	hand	hand	NOUN
fbem-16686	56	83	,	,	PUNCT
fbem-16686	56	84	reduce	reduce	VERB
fbem-16686	56	85	the	the	DET
fbem-16686	56	86	liquidity	liquidity	NOUN
fbem-16686	56	87	of	of	ADP
fbem-16686	56	88	the	the	DET
fbem-16686	56	89	liabilities	liability	NOUN
fbem-16686	56	90	,	,	PUNCT
fbem-16686	56	91	which	which	PRON
fbem-16686	56	92	is	be	AUX
fbem-16686	56	93	prone	prone	ADJ
fbem-16686	56	94	to	to	ADP
fbem-16686	56	95	liquidity	liquidity	NOUN
fbem-16686	56	96	risk	risk	NOUN
fbem-16686	56	97	,	,	PUNCT
fbem-16686	56	98	and	and	CCONJ
fbem-16686	56	99	on	on	ADP
fbem-16686	56	100	the	the	DET
fbem-16686	56	101	other	other	ADJ
fbem-16686	56	102	hand	hand	NOUN
fbem-16686	56	103	,	,	PUNCT
fbem-16686	56	104	widen	widen	VERB
fbem-16686	56	105	the	the	DET
fbem-16686	56	106	exposure	exposure	NOUN
fbem-16686	56	107	to	to	ADP
fbem-16686	56	108	interest	interest	NOUN
fbem-16686	56	109	rates	rate	NOUN
fbem-16686	56	110	.	.	PUNCT
fbem-16686	57	1	if	if	SCONJ
fbem-16686	57	2	the	the	DET
fbem-16686	57	3	loan	loan	NOUN
fbem-16686	57	4	default	default	NOUN
fbem-16686	57	5	rate	rate	NOUN
fbem-16686	57	6	rises	rise	NOUN
fbem-16686	57	7	or	or	CCONJ
fbem-16686	57	8	market	market	NOUN
fbem-16686	57	9	interest	interest	NOUN
fbem-16686	57	10	rates	rate	NOUN
fbem-16686	57	11	move	move	VERB
fbem-16686	57	12	unexpectedly	unexpectedly	ADV
fbem-16686	57	13	,	,	PUNCT
fbem-16686	57	14	the	the	DET
fbem-16686	57	15	liquidity	liquidity	NOUN
fbem-16686	57	16	crisis	crisis	NOUN
fbem-16686	57	17	of	of	ADP
fbem-16686	57	18	such	such	ADJ
fbem-16686	57	19	banks	bank	NOUN
fbem-16686	57	20	will	will	AUX
fbem-16686	57	21	be	be	AUX
fbem-16686	57	22	exposed	expose	VERB
fbem-16686	57	23	.	.	PUNCT
fbem-16686	58	1	in	in	ADP
fbem-16686	58	2	a	a	DET
fbem-16686	58	3	tight	tight	ADJ
fbem-16686	58	4	monetary	monetary	ADJ
fbem-16686	58	5	policy	policy	NOUN
fbem-16686	58	6	environment	environment	NOUN
fbem-16686	58	7	with	with	ADP
fbem-16686	58	8	rising	rise	VERB
fbem-16686	58	9	interest	interest	NOUN
fbem-16686	58	10	rates	rate	NOUN
fbem-16686	58	11	,	,	PUNCT
fbem-16686	58	12	the	the	DET
fbem-16686	58	13	difference	difference	NOUN
fbem-16686	58	14	between	between	ADP
fbem-16686	58	15	the	the	DET
fbem-16686	58	16	return	return	NOUN
fbem-16686	58	17	on	on	ADP
fbem-16686	58	18	interest	interest	NOUN
fbem-16686	58	19	rate	rate	NOUN
fbem-16686	58	20	-	-	PUNCT
fbem-16686	58	21	sensitive	sensitive	ADJ
fbem-16686	58	22	assets	asset	NOUN
fbem-16686	58	23	and	and	CCONJ
fbem-16686	58	24	the	the	DET
fbem-16686	58	25	cost	cost	NOUN
fbem-16686	58	26	of	of	ADP
fbem-16686	58	27	interest	interest	NOUN
fbem-16686	58	28	ratesensitive	ratesensitive	NOUN
fbem-16686	58	29	liabilities	liability	NOUN
fbem-16686	58	30	is	be	AUX
fbem-16686	58	31	flattened	flatten	VERB
fbem-16686	58	32	as	as	SCONJ
fbem-16686	58	33	money	money	NOUN
fbem-16686	58	34	market	market	NOUN
fbem-16686	58	35	interest	interest	NOUN
fbem-16686	58	36	rates	rate	NOUN
fbem-16686	58	37	adjust	adjust	VERB
fbem-16686	58	38	relatively	relatively	ADV
fbem-16686	58	39	faster	fast	ADV
fbem-16686	58	40	than	than	ADP
fbem-16686	58	41	capital	capital	NOUN
fbem-16686	58	42	market	market	NOUN
fbem-16686	58	43	interest	interest	NOUN
fbem-16686	58	44	rates	rate	NOUN
fbem-16686	58	45	,	,	PUNCT
fbem-16686	58	46	resulting	result	VERB
fbem-16686	58	47	in	in	ADP
fbem-16686	58	48	a	a	DET
fbem-16686	58	49	reduction	reduction	NOUN
fbem-16686	58	50	in	in	ADP
fbem-16686	58	51	net	net	ADJ
fbem-16686	58	52	interest	interest	NOUN
fbem-16686	58	53	income	income	NOUN
fbem-16686	58	54	for	for	ADP
fbem-16686	58	55	banks	bank	NOUN
fbem-16686	58	56	.	.	PUNCT
fbem-16686	59	1	in	in	ADP
fbem-16686	59	2	the	the	DET
fbem-16686	59	3	long	long	ADJ
fbem-16686	59	4	run	run	NOUN
fbem-16686	59	5	,	,	PUNCT
fbem-16686	59	6	the	the	DET
fbem-16686	59	7	decline	decline	NOUN
fbem-16686	59	8	in	in	ADP
fbem-16686	59	9	bank	bank	NOUN
fbem-16686	59	10	profitability	profitability	NOUN
fbem-16686	59	11	gradually	gradually	ADV
fbem-16686	59	12	drags	drag	VERB
fbem-16686	59	13	down	down	ADP
fbem-16686	59	14	and	and	CCONJ
fbem-16686	59	15	erodes	erode	VERB
fbem-16686	59	16	capital	capital	NOUN
fbem-16686	59	17	growth	growth	NOUN
fbem-16686	59	18	,	,	PUNCT
fbem-16686	59	19	ultimately	ultimately	ADV
fbem-16686	59	20	leading	lead	VERB
fbem-16686	59	21	to	to	ADP
fbem-16686	59	22	a	a	DET
fbem-16686	59	23	decline	decline	NOUN
fbem-16686	59	24	in	in	ADP
fbem-16686	59	25	the	the	DET
fbem-16686	59	26	capital	capital	NOUN
fbem-16686	59	27	adequacy	adequacy	NOUN
fbem-16686	59	28	ratio	ratio	NOUN
fbem-16686	59	29	while	while	SCONJ
fbem-16686	59	30	risky	risky	ADJ
fbem-16686	59	31	assets	asset	NOUN
fbem-16686	59	32	remain	remain	VERB
fbem-16686	59	33	unchanged	unchanged	ADJ
fbem-16686	59	34	.	.	PUNCT
fbem-16686	60	1	as	as	SCONJ
fbem-16686	60	2	mentioned	mention	VERB
fbem-16686	60	3	above	above	ADV
fbem-16686	60	4	,	,	PUNCT
fbem-16686	60	5	a	a	DET
fbem-16686	60	6	decline	decline	NOUN
fbem-16686	60	7	in	in	ADP
fbem-16686	60	8	the	the	DET
fbem-16686	60	9	capital	capital	NOUN
fbem-16686	60	10	adequacy	adequacy	NOUN
fbem-16686	60	11	ratio	ratio	NOUN
fbem-16686	60	12	of	of	ADP
fbem-16686	60	13	commercial	commercial	ADJ
fbem-16686	60	14	banks	bank	NOUN
fbem-16686	60	15	will	will	AUX
fbem-16686	60	16	,	,	PUNCT
fbem-16686	60	17	in	in	ADP
fbem-16686	60	18	turn	turn	NOUN
fbem-16686	60	19	,	,	PUNCT
fbem-16686	60	20	increase	increase	VERB
fbem-16686	60	21	their	their	PRON
fbem-16686	60	22	overall	overall	ADJ
fbem-16686	60	23	financing	financing	NOUN
fbem-16686	60	24	costs	cost	NOUN
fbem-16686	60	25	,	,	PUNCT
fbem-16686	60	26	exacerbating	exacerbate	VERB
fbem-16686	60	27	the	the	DET
fbem-16686	60	28	difficulties	difficulty	NOUN
fbem-16686	60	29	of	of	ADP
fbem-16686	60	30	external	external	ADJ
fbem-16686	60	31	financing	financing	NOUN
fbem-16686	60	32	,	,	PUNCT
fbem-16686	60	33	and	and	CCONJ
fbem-16686	60	34	the	the	DET
fbem-16686	60	35	supply	supply	NOUN
fbem-16686	60	36	of	of	ADP
fbem-16686	60	37	credit	credit	NOUN
fbem-16686	60	38	will	will	AUX
fbem-16686	60	39	be	be	AUX
fbem-16686	60	40	reduced	reduce	VERB
fbem-16686	60	41	in	in	ADP
fbem-16686	60	42	the	the	DET
fbem-16686	60	43	next	next	ADJ
fbem-16686	60	44	installment	installment	NOUN
fbem-16686	60	45	,	,	PUNCT
fbem-16686	60	46	thus	thus	ADV
fbem-16686	60	47	making	make	VERB
fbem-16686	60	48	the	the	DET
fbem-16686	60	49	effects	effect	NOUN
fbem-16686	60	50	of	of	ADP
fbem-16686	60	51	tight	tight	ADJ
fbem-16686	60	52	monetary	monetary	ADJ
fbem-16686	60	53	policy	policy	NOUN
fbem-16686	60	54	more	more	ADV
fbem-16686	60	55	apparent	apparent	ADJ
fbem-16686	60	56	,	,	PUNCT
fbem-16686	60	57	a	a	DET
fbem-16686	60	58	process	process	NOUN
fbem-16686	60	59	known	know	VERB
fbem-16686	60	60	as	as	ADP
fbem-16686	60	61	the	the	DET
fbem-16686	60	62	"	"	PUNCT
fbem-16686	60	63	bank	bank	NOUN
fbem-16686	60	64	capital	capital	NOUN
fbem-16686	60	65	accelerator	accelerator	NOUN
fbem-16686	60	66	"	"	PUNCT
fbem-16686	60	67	.	.	PUNCT
fbem-16686	61	1	this	this	DET
fbem-16686	61	2	process	process	NOUN
fbem-16686	61	3	is	be	AUX
fbem-16686	61	4	known	know	VERB
fbem-16686	61	5	as	as	ADP
fbem-16686	61	6	the	the	DET
fbem-16686	61	7	"	"	PUNCT
fbem-16686	61	8	bank	bank	NOUN
fbem-16686	61	9	capital	capital	NOUN
fbem-16686	61	10	accelerator	accelerator	NOUN
fbem-16686	61	11	"	"	PUNCT
fbem-16686	61	12	.	.	PUNCT
fbem-16686	62	1	the	the	DET
fbem-16686	62	2	transmission	transmission	NOUN
fbem-16686	62	3	path	path	NOUN
fbem-16686	62	4	of	of	ADP
fbem-16686	62	5	the	the	DET
fbem-16686	62	6	bank	bank	NOUN
fbem-16686	62	7	interest	interest	NOUN
fbem-16686	62	8	rate	rate	PROPN
fbem-16686	62	9	channel	channel	PROPN
fbem-16686	62	10	generated	generate	VERB
fbem-16686	62	11	by	by	ADP
fbem-16686	62	12	the	the	DET
fbem-16686	62	13	maturity	maturity	NOUN
fbem-16686	62	14	mismatch	mismatch	NOUN
fbem-16686	62	15	effect	effect	NOUN
fbem-16686	62	16	is	be	AUX
fbem-16686	62	17	shown	show	VERB
fbem-16686	62	18	in	in	ADP
fbem-16686	62	19	figure	figure	NOUN
fbem-16686	62	20	2	2	NUM
fbem-16686	62	21	.	.	PUNCT
fbem-16686	62	22	figure	figure	NOUN
fbem-16686	62	23	2	2	NUM
fbem-16686	62	24	.	.	PUNCT
fbem-16686	62	25	bank	bank	NOUN
fbem-16686	62	26	rate	rate	NOUN
fbem-16686	62	27	channel	channel	PROPN
fbem-16686	62	28	transmission	transmission	NOUN
fbem-16686	62	29	path	path	NOUN
fbem-16686	62	30	the	the	DET
fbem-16686	62	31	most	most	ADV
fbem-16686	62	32	common	common	ADJ
fbem-16686	62	33	risk	risk	NOUN
fbem-16686	62	34	faced	face	VERB
fbem-16686	62	35	by	by	ADP
fbem-16686	62	36	commercial	commercial	ADJ
fbem-16686	62	37	banks	bank	NOUN
fbem-16686	62	38	is	be	AUX
fbem-16686	62	39	the	the	DET
fbem-16686	62	40	risk	risk	NOUN
fbem-16686	62	41	of	of	ADP
fbem-16686	62	42	debtor	debtor	NOUN
fbem-16686	62	43	default	default	NOUN
fbem-16686	62	44	.	.	PUNCT
fbem-16686	63	1	it	it	PRON
fbem-16686	63	2	affects	affect	VERB
fbem-16686	63	3	capital	capital	NOUN
fbem-16686	63	4	adequacy	adequacy	NOUN
fbem-16686	63	5	in	in	ADP
fbem-16686	63	6	two	two	NUM
fbem-16686	63	7	ways	way	NOUN
fbem-16686	63	8	:	:	PUNCT
fbem-16686	63	9	on	on	ADP
fbem-16686	63	10	the	the	DET
fbem-16686	63	11	one	one	NUM
fbem-16686	63	12	hand	hand	NOUN
fbem-16686	63	13	,	,	PUNCT
fbem-16686	63	14	in	in	ADP
fbem-16686	63	15	a	a	DET
fbem-16686	63	16	tight	tight	ADJ
fbem-16686	63	17	monetary	monetary	ADJ
fbem-16686	63	18	policy	policy	NOUN
fbem-16686	63	19	environment	environment	NOUN
fbem-16686	63	20	,	,	PUNCT
fbem-16686	63	21	the	the	DET
fbem-16686	63	22	default	default	NOUN
fbem-16686	63	23	rate	rate	NOUN
fbem-16686	63	24	on	on	ADP
fbem-16686	63	25	commercial	commercial	ADJ
fbem-16686	63	26	bank	bank	NOUN
fbem-16686	63	27	loans	loan	NOUN
fbem-16686	63	28	usually	usually	ADV
fbem-16686	63	29	increases	increase	VERB
fbem-16686	63	30	,	,	PUNCT
fbem-16686	63	31	and	and	CCONJ
fbem-16686	63	32	commercial	commercial	ADJ
fbem-16686	63	33	bank	bank	NOUN
fbem-16686	63	34	losses	loss	NOUN
fbem-16686	63	35	rise	rise	VERB
fbem-16686	63	36	;	;	PUNCT
fbem-16686	63	37	on	on	ADP
fbem-16686	63	38	the	the	DET
fbem-16686	63	39	other	other	ADJ
fbem-16686	63	40	hand	hand	NOUN
fbem-16686	63	41	,	,	PUNCT
fbem-16686	63	42	tight	tight	ADJ
fbem-16686	63	43	monetary	monetary	ADJ
fbem-16686	63	44	policy	policy	NOUN
fbem-16686	63	45	,	,	PUNCT
fbem-16686	63	46	in	in	ADP
fbem-16686	63	47	addressing	address	VERB
fbem-16686	63	48	the	the	DET
fbem-16686	63	49	problem	problem	NOUN
fbem-16686	63	50	of	of	ADP
fbem-16686	63	51	excess	excess	ADJ
fbem-16686	63	52	liquidity	liquidity	NOUN
fbem-16686	63	53	,	,	PUNCT
fbem-16686	63	54	is	be	AUX
fbem-16686	63	55	also	also	ADV
fbem-16686	63	56	increasing	increase	VERB
fbem-16686	63	57	the	the	DET
fbem-16686	63	58	risk	risk	NOUN
fbem-16686	63	59	of	of	ADP
fbem-16686	63	60	non	non	ADJ
fbem-16686	63	61	-	-	ADJ
fbem-16686	63	62	performing	performing	ADJ
fbem-16686	63	63	loans	loan	NOUN
fbem-16686	63	64	,	,	PUNCT
fbem-16686	63	65	which	which	PRON
fbem-16686	63	66	in	in	ADP
fbem-16686	63	67	turn	turn	NOUN
fbem-16686	63	68	raises	raise	VERB
fbem-16686	63	69	the	the	DET
fbem-16686	63	70	risk	risk	NOUN
fbem-16686	63	71	weight	weight	NOUN
fbem-16686	63	72	.	.	PUNCT
fbem-16686	64	1	both	both	PRON
fbem-16686	64	2	of	of	ADP
fbem-16686	64	3	these	these	PRON
fbem-16686	64	4	have	have	VERB
fbem-16686	64	5	a	a	DET
fbem-16686	64	6	negative	negative	ADJ
fbem-16686	64	7	impact	impact	NOUN
fbem-16686	64	8	on	on	ADP
fbem-16686	64	9	commercial	commercial	ADJ
fbem-16686	64	10	bank	bank	NOUN
fbem-16686	64	11	profitability	profitability	NOUN
fbem-16686	64	12	,	,	PUNCT
fbem-16686	64	13	leading	lead	VERB
fbem-16686	64	14	to	to	ADP
fbem-16686	64	15	declining	decline	VERB
fbem-16686	64	16	capital	capital	NOUN
fbem-16686	64	17	adequacy	adequacy	NOUN
fbem-16686	64	18	ratios	ratio	NOUN
fbem-16686	64	19	,	,	PUNCT
fbem-16686	64	20	which	which	PRON
fbem-16686	64	21	in	in	ADP
fbem-16686	64	22	turn	turn	NOUN
fbem-16686	64	23	suppresses	suppress	VERB
fbem-16686	64	24	bank	bank	NOUN
fbem-16686	64	25	credit	credit	NOUN
fbem-16686	64	26	supply	supply	NOUN
fbem-16686	64	27	,	,	PUNCT
fbem-16686	64	28	thus	thus	ADV
fbem-16686	64	29	further	far	ADV
fbem-16686	64	30	amplifying	amplify	VERB
fbem-16686	64	31	the	the	DET
fbem-16686	64	32	effects	effect	NOUN
fbem-16686	64	33	of	of	ADP
fbem-16686	64	34	tight	tight	ADJ
fbem-16686	64	35	monetary	monetary	ADJ
fbem-16686	64	36	policy	policy	NOUN
fbem-16686	64	37	.	.	PUNCT
fbem-16686	65	1	commercial	commercial	ADJ
fbem-16686	65	2	banks	bank	NOUN
fbem-16686	65	3	with	with	ADP
fbem-16686	65	4	low	low	ADJ
fbem-16686	65	5	capital	capital	NOUN
fbem-16686	65	6	adequacy	adequacy	NOUN
fbem-16686	65	7	levels	level	NOUN
fbem-16686	65	8	are	be	AUX
fbem-16686	65	9	less	less	ADV
fbem-16686	65	10	liquid	liquid	ADJ
fbem-16686	65	11	than	than	ADP
fbem-16686	65	12	those	those	PRON
fbem-16686	65	13	with	with	ADP
fbem-16686	65	14	high	high	ADJ
fbem-16686	65	15	capital	capital	NOUN
fbem-16686	65	16	adequacy	adequacy	NOUN
fbem-16686	65	17	levels	level	NOUN
fbem-16686	65	18	,	,	PUNCT
fbem-16686	65	19	so	so	CCONJ
fbem-16686	65	20	when	when	SCONJ
fbem-16686	65	21	they	they	PRON
fbem-16686	65	22	face	face	VERB
fbem-16686	65	23	the	the	DET
fbem-16686	65	24	same	same	ADJ
fbem-16686	65	25	credit	credit	NOUN
fbem-16686	65	26	risk	risk	NOUN
fbem-16686	65	27	,	,	PUNCT
fbem-16686	65	28	the	the	DET
fbem-16686	65	29	credit	credit	NOUN
fbem-16686	65	30	supply	supply	NOUN
fbem-16686	65	31	of	of	ADP
fbem-16686	65	32	commercial	commercial	ADJ
fbem-16686	65	33	banks	bank	NOUN
fbem-16686	65	34	with	with	ADP
fbem-16686	65	35	low	low	ADJ
fbem-16686	65	36	capital	capital	NOUN
fbem-16686	65	37	adequacy	adequacy	NOUN
fbem-16686	65	38	levels	level	NOUN
fbem-16686	65	39	will	will	AUX
fbem-16686	65	40	be	be	AUX
fbem-16686	65	41	more	more	ADV
fbem-16686	65	42	affected	affected	ADJ
fbem-16686	65	43	.	.	PUNCT
fbem-16686	66	1	in	in	ADP
fbem-16686	66	2	a	a	DET
fbem-16686	66	3	period	period	NOUN
fbem-16686	66	4	of	of	ADP
fbem-16686	66	5	tight	tight	ADJ
fbem-16686	66	6	monetary	monetary	ADJ
fbem-16686	66	7	policy	policy	NOUN
fbem-16686	66	8	,	,	PUNCT
fbem-16686	66	9	lower	low	ADJ
fbem-16686	66	10	market	market	NOUN
fbem-16686	66	11	liquidity	liquidity	NOUN
fbem-16686	66	12	,	,	PUNCT
fbem-16686	66	13	increased	increase	VERB
fbem-16686	66	14	likelihood	likelihood	NOUN
fbem-16686	66	15	of	of	ADP
fbem-16686	66	16	debtor	debtor	NOUN
fbem-16686	66	17	defaults	default	NOUN
fbem-16686	66	18	,	,	PUNCT
fbem-16686	66	19	higher	high	ADJ
fbem-16686	66	20	bad	bad	ADJ
fbem-16686	66	21	debt	debt	NOUN
fbem-16686	66	22	ratios	ratio	NOUN
fbem-16686	66	23	and	and	CCONJ
fbem-16686	66	24	deterioration	deterioration	NOUN
fbem-16686	66	25	of	of	ADP
fbem-16686	66	26	assets	asset	NOUN
fbem-16686	66	27	and	and	CCONJ
fbem-16686	66	28	liabilities	liability	NOUN
fbem-16686	66	29	of	of	ADP
fbem-16686	66	30	commercial	commercial	ADJ
fbem-16686	66	31	banks	bank	NOUN
fbem-16686	66	32	,	,	PUNCT
fbem-16686	66	33	lower	low	ADJ
fbem-16686	66	34	capital	capital	NOUN
fbem-16686	66	35	adequacy	adequacy	NOUN
fbem-16686	66	36	will	will	AUX
fbem-16686	66	37	dampen	dampen	VERB
fbem-16686	66	38	their	their	PRON
fbem-16686	66	39	lending	lending	NOUN
fbem-16686	66	40	impulses	impulse	NOUN
fbem-16686	66	41	.	.	PUNCT
fbem-16686	67	1	enterprises	enterprise	NOUN
fbem-16686	67	2	are	be	AUX
fbem-16686	67	3	unable	unable	ADJ
fbem-16686	67	4	to	to	PART
fbem-16686	67	5	raise	raise	VERB
fbem-16686	67	6	funds	fund	NOUN
fbem-16686	67	7	successfully	successfully	ADV
fbem-16686	67	8	from	from	ADP
fbem-16686	67	9	the	the	DET
fbem-16686	67	10	credit	credit	NOUN
fbem-16686	67	11	market	market	NOUN
fbem-16686	67	12	and	and	CCONJ
fbem-16686	67	13	their	their	PRON
fbem-16686	67	14	business	business	NOUN
fbem-16686	67	15	activities	activity	NOUN
fbem-16686	67	16	are	be	AUX
fbem-16686	67	17	restricted	restrict	VERB
fbem-16686	67	18	,	,	PUNCT
fbem-16686	67	19	which	which	PRON
fbem-16686	67	20	in	in	ADP
fbem-16686	67	21	turn	turn	NOUN
fbem-16686	67	22	further	far	ADV
fbem-16686	67	23	reduces	reduce	VERB
fbem-16686	67	24	the	the	DET
fbem-16686	67	25	demand	demand	NOUN
fbem-16686	67	26	for	for	ADP
fbem-16686	67	27	loans	loan	NOUN
fbem-16686	67	28	.	.	PUNCT
fbem-16686	68	1	the	the	DET
fbem-16686	68	2	transmission	transmission	NOUN
fbem-16686	68	3	path	path	NOUN
fbem-16686	68	4	of	of	ADP
fbem-16686	68	5	credit	credit	NOUN
fbem-16686	68	6	risk	risk	NOUN
fbem-16686	68	7	effects	effect	NOUN
fbem-16686	68	8	in	in	ADP
fbem-16686	68	9	the	the	DET
fbem-16686	68	10	bank	bank	NOUN
fbem-16686	68	11	capital	capital	PROPN
fbem-16686	68	12	channel	channel	NOUN
fbem-16686	68	13	is	be	AUX
fbem-16686	68	14	shown	show	VERB
fbem-16686	68	15	in	in	ADP
fbem-16686	68	16	figure	figure	NOUN
fbem-16686	68	17	3	3	NUM
fbem-16686	68	18	.	.	PUNCT
fbem-16686	68	19	figure	figure	NOUN
fbem-16686	68	20	3	3	NUM
fbem-16686	68	21	.	.	PUNCT
fbem-16686	68	22	credit	credit	NOUN
fbem-16686	68	23	risk	risk	NOUN
fbem-16686	68	24	transmission	transmission	NOUN
fbem-16686	68	25	path	path	NOUN
fbem-16686	68	26	through	through	ADP
fbem-16686	68	27	the	the	DET
fbem-16686	68	28	bank	bank	NOUN
fbem-16686	68	29	capital	capital	PROPN
fbem-16686	68	30	channel	channel	PROPN
fbem-16686	68	31	4	4	NUM
fbem-16686	68	32	.	.	PUNCT
fbem-16686	68	33	research	research	NOUN
fbem-16686	68	34	design	design	NOUN
fbem-16686	68	35	4.1	4.1	NUM
fbem-16686	68	36	.	.	PUNCT
fbem-16686	69	1	data	datum	NOUN
fbem-16686	69	2	sources	source	NOUN
fbem-16686	69	3	in	in	ADP
fbem-16686	69	4	this	this	DET
fbem-16686	69	5	paper	paper	NOUN
fbem-16686	69	6	,	,	PUNCT
fbem-16686	69	7	the	the	DET
fbem-16686	69	8	financial	financial	ADJ
fbem-16686	69	9	statements	statement	NOUN
fbem-16686	69	10	of	of	ADP
fbem-16686	69	11	16	16	NUM
fbem-16686	69	12	listed	list	VERB
fbem-16686	69	13	commercial	commercial	ADJ
fbem-16686	69	14	banks	bank	NOUN
fbem-16686	69	15	from	from	ADP
fbem-16686	69	16	2003	2003	NUM
fbem-16686	69	17	to	to	ADP
fbem-16686	69	18	2018	2018	NUM
fbem-16686	69	19	are	be	AUX
fbem-16686	69	20	compiled	compile	VERB
fbem-16686	69	21	in	in	ADP
fbem-16686	69	22	the	the	DET
fbem-16686	69	23	wind	wind	NOUN
fbem-16686	69	24	financial	financial	ADJ
fbem-16686	69	25	database	database	NOUN
fbem-16686	69	26	.	.	PUNCT
fbem-16686	70	1	the	the	DET
fbem-16686	70	2	banks	bank	NOUN
fbem-16686	70	3	'	'	PART
fbem-16686	70	4	year	year	NOUN
fbem-16686	70	5	-	-	PUNCT
fbem-16686	70	6	end	end	NOUN
fbem-16686	70	7	the	the	DET
fbem-16686	70	8	banks	bank	NOUN
fbem-16686	70	9	'	'	PART
fbem-16686	70	10	year	year	NOUN
fbem-16686	70	11	-	-	PUNCT
fbem-16686	70	12	end	end	NOUN
fbem-16686	70	13	total	total	ADJ
fbem-16686	70	14	loans	loan	NOUN
fbem-16686	70	15	,	,	PUNCT
fbem-16686	70	16	reserve	reserve	NOUN
fbem-16686	70	17	requirement	requirement	NOUN
fbem-16686	70	18	ratios	ratio	NOUN
fbem-16686	70	19	,	,	PUNCT
fbem-16686	70	20	and	and	CCONJ
fbem-16686	70	21	gdp	gdp	NOUN
fbem-16686	70	22	growth	growth	NOUN
fbem-16686	70	23	rates	rate	NOUN
fbem-16686	70	24	are	be	AUX
fbem-16686	70	25	selected	select	VERB
fbem-16686	70	26	for	for	ADP
fbem-16686	70	27	the	the	DET
fbem-16686	70	28	study	study	NOUN
fbem-16686	70	29	,	,	PUNCT
fbem-16686	70	30	where	where	SCONJ
fbem-16686	70	31	the	the	DET
fbem-16686	70	32	data	datum	NOUN
fbem-16686	70	33	of	of	ADP
fbem-16686	70	34	legal	legal	ADJ
fbem-16686	70	35	reserve	reserve	NOUN
fbem-16686	70	36	requirement	requirement	NOUN
fbem-16686	70	37	ratios	ratio	NOUN
fbem-16686	70	38	and	and	CCONJ
fbem-16686	70	39	gdp	gdp	NOUN
fbem-16686	70	40	growth	growth	NOUN
fbem-16686	70	41	rates	rate	NOUN
fbem-16686	70	42	are	be	AUX
fbem-16686	70	43	obtained	obtain	VERB
fbem-16686	70	44	from	from	ADP
fbem-16686	70	45	the	the	DET
fbem-16686	70	46	people	people	NOUN
fbem-16686	70	47	's	's	PART
fbem-16686	70	48	bank	bank	PROPN
fbem-16686	70	49	of	of	ADP
fbem-16686	70	50	china	china	PROPN
fbem-16686	70	51	and	and	CCONJ
fbem-16686	70	52	the	the	DET
fbem-16686	70	53	national	national	PROPN
fbem-16686	70	54	bureau	bureau	PROPN
fbem-16686	70	55	of	of	ADP
fbem-16686	70	56	statistics	statistic	NOUN
fbem-16686	70	57	,	,	PUNCT
fbem-16686	70	58	the	the	DET
fbem-16686	70	59	national	national	PROPN
fbem-16686	70	60	bureau	bureau	PROPN
fbem-16686	70	61	of	of	ADP
fbem-16686	70	62	statistics	statistic	NOUN
fbem-16686	70	63	,	,	PUNCT
fbem-16686	70	64	and	and	CCONJ
fbem-16686	70	65	the	the	DET
fbem-16686	70	66	national	national	PROPN
fbem-16686	70	67	bureau	bureau	PROPN
fbem-16686	70	68	of	of	ADP
fbem-16686	70	69	statistics	statistic	NOUN
fbem-16686	70	70	.	.	PUNCT
fbem-16686	71	1	the	the	DET
fbem-16686	71	2	banks	bank	NOUN
fbem-16686	71	3	'	'	PART
fbem-16686	71	4	year	year	NOUN
fbem-16686	71	5	-	-	PUNCT
fbem-16686	71	6	end	end	NOUN
fbem-16686	71	7	total	total	ADJ
fbem-16686	71	8	loans	loan	NOUN
fbem-16686	71	9	,	,	PUNCT
fbem-16686	71	10	reserve	reserve	NOUN
fbem-16686	71	11	requirement	requirement	NOUN
fbem-16686	71	12	ratios	ratio	NOUN
fbem-16686	71	13	,	,	PUNCT
fbem-16686	71	14	and	and	CCONJ
fbem-16686	71	15	gdp	gdp	NOUN
fbem-16686	71	16	growth	growth	NOUN
fbem-16686	71	17	rates	rate	NOUN
fbem-16686	71	18	are	be	AUX
fbem-16686	71	19	selected	select	VERB
fbem-16686	71	20	for	for	ADP
fbem-16686	71	21	the	the	DET
fbem-16686	71	22	study	study	NOUN
fbem-16686	71	23	,	,	PUNCT
fbem-16686	71	24	where	where	SCONJ
fbem-16686	71	25	the	the	DET
fbem-16686	71	26	data	datum	NOUN
fbem-16686	71	27	on	on	ADP
fbem-16686	71	28	legal	legal	ADJ
fbem-16686	71	29	reserve	reserve	NOUN
fbem-16686	71	30	requirement	requirement	NOUN
fbem-16686	71	31	ratios	ratio	NOUN
fbem-16686	71	32	and	and	CCONJ
fbem-16686	71	33	gdp	gdp	NOUN
fbem-16686	71	34	growth	growth	NOUN
fbem-16686	71	35	rates	rate	NOUN
fbem-16686	71	36	are	be	AUX
fbem-16686	71	37	obtained	obtain	VERB
fbem-16686	71	38	from	from	ADP
fbem-16686	71	39	the	the	DET
fbem-16686	71	40	people	people	NOUN
fbem-16686	71	41	's	's	PART
fbem-16686	71	42	bank	bank	PROPN
fbem-16686	71	43	of	of	ADP
fbem-16686	71	44	china	china	PROPN
fbem-16686	71	45	and	and	CCONJ
fbem-16686	71	46	the	the	DET
fbem-16686	71	47	national	national	PROPN
fbem-16686	71	48	bureau	bureau	PROPN
fbem-16686	71	49	of	of	ADP
fbem-16686	71	50	statistics	statistic	NOUN
fbem-16686	71	51	,	,	PUNCT
fbem-16686	71	52	respectively	respectively	ADV
fbem-16686	71	53	.	.	PUNCT
fbem-16686	72	1	table	table	NOUN
fbem-16686	72	2	1	1	NUM
fbem-16686	72	3	.	.	PUNCT
fbem-16686	73	1	classification	classification	NOUN
fbem-16686	73	2	of	of	ADP
fbem-16686	73	3	banks	bank	NOUN
fbem-16686	73	4	in	in	ADP
fbem-16686	73	5	the	the	DET
fbem-16686	73	6	sample	sample	NOUN
fbem-16686	73	7	type	type	NOUN
fbem-16686	73	8	bank	bank	NOUN
fbem-16686	73	9	name	name	NOUN
fbem-16686	73	10	num	num	ADJ
fbem-16686	73	11	state	state	NOUN
fbem-16686	73	12	owned	own	VERB
fbem-16686	73	13	large	large	ADJ
fbem-16686	73	14	commercial	commercial	ADJ
fbem-16686	73	15	banks	bank	NOUN
fbem-16686	73	16	boc、abc、icbc、bocom、ccb	boc、abc、icbc、bocom、ccb	PROPN
fbem-16686	73	17	5	5	NUM
fbem-16686	73	18	national	national	ADJ
fbem-16686	73	19	joint	joint	ADJ
fbem-16686	73	20	-	-	PUNCT
fbem-16686	73	21	stock	stock	NOUN
fbem-16686	73	22	commercial	commercial	ADJ
fbem-16686	73	23	banks	bank	NOUN
fbem-16686	73	24	cib、spdb、pab、cmbc、cmb、ecitic、ceb	cib、spdb、pab、cmbc、cmb、ecitic、ceb	VERB
fbem-16686	73	25	、	、	NOUN
fbem-16686	73	26	hxb、bjbank、njcb、nbbank	hxb、bjbank、njcb、nbbank	NOUN
fbem-16686	73	27	11	11	NUM
fbem-16686	73	28	4.2	4.2	NUM
fbem-16686	73	29	.	.	PUNCT
fbem-16686	74	1	modelling	model	VERB
fbem-16686	74	2	the	the	DET
fbem-16686	74	3	specific	specific	ADJ
fbem-16686	74	4	expression	expression	NOUN
fbem-16686	74	5	of	of	ADP
fbem-16686	74	6	the	the	DET
fbem-16686	74	7	model	model	NOUN
fbem-16686	74	8	in	in	ADP
fbem-16686	74	9	this	this	DET
fbem-16686	74	10	paper	paper	NOUN
fbem-16686	74	11	is	be	AUX
fbem-16686	74	12	as	as	SCONJ
fbem-16686	74	13	follows	follow	VERB
fbem-16686	74	14	.	.	PUNCT
fbem-16686	75	1	𝐷𝐿𝑜𝑎𝑑	𝐷𝐿𝑜𝑎𝑑	PROPN
fbem-16686	75	2	,	,	PUNCT
fbem-16686	75	3	𝛼	𝛼	VERB
fbem-16686	75	4	𝛽	𝛽	NOUN
fbem-16686	75	5	𝑀𝑃	𝑀𝑃	PROPN
fbem-16686	75	6	𝛽	𝛽	PROPN
fbem-16686	75	7	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-16686	75	8	𝛽	𝛽	PROPN
fbem-16686	75	9	𝐶𝐴𝑃	𝐶𝐴𝑃	NOUN
fbem-16686	75	10	,	,	PUNCT
fbem-16686	75	11	𝛽	𝛽	NOUN
fbem-16686	75	12	𝐶𝐴𝑃	𝐶𝐴𝑃	PROPN
fbem-16686	75	13	,	,	PUNCT
fbem-16686	75	14	𝑀𝑃	𝑀𝑃	PROPN
fbem-16686	75	15	𝜀	𝜀	PROPN
fbem-16686	75	16	,	,	PUNCT
fbem-16686	75	17	(	(	PUNCT
fbem-16686	75	18	i	i	PRON
fbem-16686	75	19	denotes	denote	VERB
fbem-16686	75	20	the	the	DET
fbem-16686	75	21	sample	sample	NOUN
fbem-16686	75	22	size	size	NOUN
fbem-16686	75	23	of	of	ADP
fbem-16686	75	24	the	the	DET
fbem-16686	75	25	study	study	NOUN
fbem-16686	75	26	banks	bank	NOUN
fbem-16686	75	27	and	and	CCONJ
fbem-16686	75	28	t	t	PROPN
fbem-16686	75	29	denotes	denote	VERB
fbem-16686	75	30	the	the	DET
fbem-16686	75	31	year	year	NOUN
fbem-16686	75	32	.	.	PUNCT
fbem-16686	75	33	)	)	PUNCT
fbem-16686	76	1	in	in	ADP
fbem-16686	76	2	the	the	DET
fbem-16686	76	3	model	model	NOUN
fbem-16686	76	4	,	,	PUNCT
fbem-16686	76	5	load	load	NOUN
fbem-16686	76	6	denotes	denote	VERB
fbem-16686	76	7	the	the	DET
fbem-16686	76	8	bank	bank	NOUN
fbem-16686	76	9	's	's	PART
fbem-16686	76	10	total	total	ADJ
fbem-16686	76	11	loans	loan	NOUN
fbem-16686	76	12	at	at	ADP
fbem-16686	76	13	the	the	DET
fbem-16686	76	14	end	end	NOUN
fbem-16686	76	15	of	of	ADP
fbem-16686	76	16	the	the	DET
fbem-16686	76	17	year	year	NOUN
fbem-16686	76	18	,	,	PUNCT
fbem-16686	76	19	expressed	express	VERB
fbem-16686	76	20	in	in	ADP
fbem-16686	76	21	logarithmic	logarithmic	ADJ
fbem-16686	76	22	terms	term	NOUN
fbem-16686	76	23	.	.	PUNCT
fbem-16686	77	1	dload	dload	PROPN
fbem-16686	77	2	denotes	denote	VERB
fbem-16686	77	3	the	the	DET
fbem-16686	77	4	annual	annual	ADJ
fbem-16686	77	5	growth	growth	NOUN
fbem-16686	77	6	rate	rate	NOUN
fbem-16686	77	7	of	of	ADP
fbem-16686	77	8	total	total	ADJ
fbem-16686	77	9	loans	loan	NOUN
fbem-16686	77	10	after	after	ADP
fbem-16686	77	11	first	first	ADJ
fbem-16686	77	12	-	-	PUNCT
fbem-16686	77	13	order	order	NOUN
fbem-16686	77	14	.	.	PUNCT
fbem-16686	78	1	this	this	DET
fbem-16686	78	2	variable	variable	NOUN
fbem-16686	78	3	can	can	AUX
fbem-16686	78	4	reflect	reflect	VERB
fbem-16686	78	5	the	the	DET
fbem-16686	78	6	impact	impact	NOUN
fbem-16686	78	7	of	of	ADP
fbem-16686	78	8	capital	capital	NOUN
fbem-16686	78	9	adequacy	adequacy	NOUN
fbem-16686	78	10	ratio	ratio	NOUN
fbem-16686	78	11	on	on	ADP
fbem-16686	78	12	the	the	DET
fbem-16686	78	13	credit	credit	NOUN
fbem-16686	78	14	behaviour	behaviour	NOUN
fbem-16686	78	15	of	of	ADP
fbem-16686	78	16	commercial	commercial	ADJ
fbem-16686	78	17	banks	bank	NOUN
fbem-16686	78	18	,	,	PUNCT
fbem-16686	78	19	which	which	PRON
fbem-16686	78	20	facilitates	facilitate	VERB
fbem-16686	78	21	further	further	ADJ
fbem-16686	78	22	analysis	analysis	NOUN
fbem-16686	78	23	of	of	ADP
fbem-16686	78	24	the	the	DET
fbem-16686	78	25	credit	credit	NOUN
fbem-16686	78	26	channel	channel	NOUN
fbem-16686	78	27	of	of	ADP
fbem-16686	78	28	monetary	monetary	ADJ
fbem-16686	78	29	banks	bank	NOUN
fbem-16686	78	30	.	.	PUNCT
fbem-16686	79	1	this	this	DET
fbem-16686	79	2	variable	variable	NOUN
fbem-16686	79	3	can	can	AUX
fbem-16686	79	4	reflect	reflect	VERB
fbem-16686	79	5	the	the	DET
fbem-16686	79	6	impact	impact	NOUN
fbem-16686	79	7	of	of	ADP
fbem-16686	79	8	capital	capital	NOUN
fbem-16686	79	9	adequacy	adequacy	NOUN
fbem-16686	79	10	ratio	ratio	NOUN
fbem-16686	79	11	on	on	ADP
fbem-16686	79	12	the	the	DET
fbem-16686	79	13	credit	credit	NOUN
fbem-16686	79	14	behaviour	behaviour	NOUN
fbem-16686	79	15	of	of	ADP
fbem-16686	79	16	commercial	commercial	ADJ
fbem-16686	79	17	banks	bank	NOUN
fbem-16686	79	18	,	,	PUNCT
fbem-16686	79	19	which	which	PRON
fbem-16686	79	20	facilitates	facilitate	VERB
fbem-16686	79	21	further	further	ADJ
fbem-16686	79	22	analysis	analysis	NOUN
fbem-16686	79	23	of	of	ADP
fbem-16686	79	24	the	the	DET
fbem-16686	79	25	credit	credit	NOUN
fbem-16686	79	26	channel	channel	NOUN
fbem-16686	79	27	of	of	ADP
fbem-16686	79	28	monetary	monetary	ADJ
fbem-16686	79	29	policy	policy	NOUN
fbem-16686	79	30	transmission	transmission	NOUN
fbem-16686	79	31	.	.	PUNCT
fbem-16686	80	1	171	171	NUM
fbem-16686	80	2	mp	mp	NOUN
fbem-16686	80	3	denotes	denote	VERB
fbem-16686	80	4	the	the	DET
fbem-16686	80	5	statutory	statutory	PROPN
fbem-16686	80	6	reserve	reserve	PROPN
fbem-16686	80	7	requirement	requirement	NOUN
fbem-16686	80	8	ratio	ratio	NOUN
fbem-16686	80	9	,	,	PUNCT
fbem-16686	80	10	and	and	CCONJ
fbem-16686	80	11	the	the	DET
fbem-16686	80	12	statutory	statutory	PROPN
fbem-16686	80	13	reserve	reserve	PROPN
fbem-16686	80	14	requirement	requirement	NOUN
fbem-16686	80	15	ratio	ratio	NOUN
fbem-16686	80	16	announced	announce	VERB
fbem-16686	80	17	by	by	ADP
fbem-16686	80	18	the	the	DET
fbem-16686	80	19	people	people	NOUN
fbem-16686	80	20	's	's	PART
fbem-16686	80	21	bank	bank	PROPN
fbem-16686	80	22	of	of	ADP
fbem-16686	80	23	china	china	PROPN
fbem-16686	80	24	is	be	AUX
fbem-16686	80	25	used	use	VERB
fbem-16686	80	26	as	as	ADP
fbem-16686	80	27	a	a	DET
fbem-16686	80	28	proxy	proxy	NOUN
fbem-16686	80	29	variable	variable	NOUN
fbem-16686	80	30	for	for	ADP
fbem-16686	80	31	monetary	monetary	ADJ
fbem-16686	80	32	policy	policy	NOUN
fbem-16686	80	33	.	.	PUNCT
fbem-16686	81	1	an	an	DET
fbem-16686	81	2	increase	increase	NOUN
fbem-16686	81	3	in	in	ADP
fbem-16686	81	4	the	the	DET
fbem-16686	81	5	statutory	statutory	PROPN
fbem-16686	81	6	reserve	reserve	PROPN
fbem-16686	81	7	ratio	ratio	NOUN
fbem-16686	81	8	represents	represent	VERB
fbem-16686	81	9	a	a	DET
fbem-16686	81	10	tight	tight	ADJ
fbem-16686	81	11	monetary	monetary	ADJ
fbem-16686	81	12	policy	policy	NOUN
fbem-16686	81	13	,	,	PUNCT
fbem-16686	81	14	while	while	SCONJ
fbem-16686	81	15	a	a	DET
fbem-16686	81	16	decrease	decrease	NOUN
fbem-16686	81	17	represents	represent	VERB
fbem-16686	81	18	a	a	DET
fbem-16686	81	19	monetary	monetary	ADJ
fbem-16686	81	20	policy	policy	NOUN
fbem-16686	81	21	.	.	PUNCT
fbem-16686	82	1	an	an	DET
fbem-16686	82	2	increase	increase	NOUN
fbem-16686	82	3	in	in	ADP
fbem-16686	82	4	the	the	DET
fbem-16686	82	5	statutory	statutory	PROPN
fbem-16686	82	6	reserve	reserve	PROPN
fbem-16686	82	7	ratio	ratio	NOUN
fbem-16686	82	8	represents	represent	VERB
fbem-16686	82	9	a	a	DET
fbem-16686	82	10	tight	tight	ADJ
fbem-16686	82	11	monetary	monetary	ADJ
fbem-16686	82	12	policy	policy	NOUN
fbem-16686	82	13	,	,	PUNCT
fbem-16686	82	14	while	while	SCONJ
fbem-16686	82	15	a	a	DET
fbem-16686	82	16	decrease	decrease	NOUN
fbem-16686	82	17	represents	represent	VERB
fbem-16686	82	18	a	a	DET
fbem-16686	82	19	monetary	monetary	ADJ
fbem-16686	82	20	policy	policy	NOUN
fbem-16686	82	21	.	.	PUNCT
fbem-16686	83	1	gdp	gdp	NOUN
fbem-16686	83	2	denotes	denote	VERB
fbem-16686	83	3	the	the	DET
fbem-16686	83	4	annual	annual	ADJ
fbem-16686	83	5	growth	growth	NOUN
fbem-16686	83	6	rate	rate	NOUN
fbem-16686	83	7	of	of	ADP
fbem-16686	83	8	gross	gross	ADJ
fbem-16686	83	9	domestic	domestic	ADJ
fbem-16686	83	10	product	product	NOUN
fbem-16686	83	11	,	,	PUNCT
fbem-16686	83	12	and	and	CCONJ
fbem-16686	83	13	this	this	DET
fbem-16686	83	14	macroeconomic	macroeconomic	ADJ
fbem-16686	83	15	variable	variable	NOUN
fbem-16686	83	16	is	be	AUX
fbem-16686	83	17	introduced	introduce	VERB
fbem-16686	83	18	to	to	PART
fbem-16686	83	19	better	well	ADV
fbem-16686	83	20	examine	examine	VERB
fbem-16686	83	21	the	the	DET
fbem-16686	83	22	different	different	ADJ
fbem-16686	83	23	responses	response	NOUN
fbem-16686	83	24	to	to	ADP
fbem-16686	83	25	monetary	monetary	ADJ
fbem-16686	83	26	policy	policy	NOUN
fbem-16686	83	27	of	of	ADP
fbem-16686	83	28	large	large	ADJ
fbem-16686	83	29	commercial	commercial	ADJ
fbem-16686	83	30	banks	bank	NOUN
fbem-16686	83	31	and	and	CCONJ
fbem-16686	83	32	joint	joint	ADJ
fbem-16686	83	33	-	-	PUNCT
fbem-16686	83	34	stock	stock	NOUN
fbem-16686	83	35	banks	bank	NOUN
fbem-16686	83	36	in	in	ADP
fbem-16686	83	37	china	china	PROPN
fbem-16686	83	38	during	during	ADP
fbem-16686	83	39	the	the	DET
fbem-16686	83	40	economic	economic	ADJ
fbem-16686	83	41	cycle	cycle	NOUN
fbem-16686	83	42	.	.	PUNCT
fbem-16686	84	1	gdp	gdp	NOUN
fbem-16686	84	2	denotes	denote	VERB
fbem-16686	84	3	the	the	DET
fbem-16686	84	4	annual	annual	ADJ
fbem-16686	84	5	growth	growth	NOUN
fbem-16686	84	6	rate	rate	NOUN
fbem-16686	84	7	of	of	ADP
fbem-16686	84	8	gross	gross	ADJ
fbem-16686	84	9	domestic	domestic	ADJ
fbem-16686	84	10	product	product	NOUN
fbem-16686	84	11	,	,	PUNCT
fbem-16686	84	12	and	and	CCONJ
fbem-16686	84	13	this	this	DET
fbem-16686	84	14	macroeconomic	macroeconomic	ADJ
fbem-16686	84	15	variable	variable	NOUN
fbem-16686	84	16	is	be	AUX
fbem-16686	84	17	introduced	introduce	VERB
fbem-16686	84	18	to	to	PART
fbem-16686	84	19	better	well	ADV
fbem-16686	84	20	examine	examine	VERB
fbem-16686	84	21	the	the	DET
fbem-16686	84	22	different	different	ADJ
fbem-16686	84	23	responses	response	NOUN
fbem-16686	84	24	to	to	ADP
fbem-16686	84	25	monetary	monetary	ADJ
fbem-16686	84	26	policy	policy	NOUN
fbem-16686	84	27	of	of	ADP
fbem-16686	84	28	large	large	ADJ
fbem-16686	84	29	commercial	commercial	ADJ
fbem-16686	84	30	banks	bank	NOUN
fbem-16686	84	31	and	and	CCONJ
fbem-16686	84	32	joint	joint	ADJ
fbem-16686	84	33	-	-	PUNCT
fbem-16686	84	34	stock	stock	NOUN
fbem-16686	84	35	banks	bank	NOUN
fbem-16686	84	36	in	in	ADP
fbem-16686	84	37	china	china	PROPN
fbem-16686	84	38	during	during	ADP
fbem-16686	84	39	the	the	DET
fbem-16686	84	40	economic	economic	ADJ
fbem-16686	84	41	cycle	cycle	NOUN
fbem-16686	84	42	.	.	PUNCT
fbem-16686	85	1	cap	cap	NOUN
fbem-16686	85	2	denotes	denote	VERB
fbem-16686	85	3	the	the	DET
fbem-16686	85	4	capital	capital	NOUN
fbem-16686	85	5	adequacy	adequacy	NOUN
fbem-16686	85	6	ratio	ratio	NOUN
fbem-16686	85	7	of	of	ADP
fbem-16686	85	8	each	each	DET
fbem-16686	85	9	commercial	commercial	ADJ
fbem-16686	85	10	bank	bank	NOUN
fbem-16686	85	11	.	.	PUNCT
fbem-16686	86	1	5	5	X
fbem-16686	86	2	.	.	X
fbem-16686	86	3	empirical	empirical	ADJ
fbem-16686	86	4	analysis	analysis	NOUN
fbem-16686	86	5	the	the	DET
fbem-16686	86	6	sample	sample	NOUN
fbem-16686	86	7	interval	interval	NOUN
fbem-16686	86	8	is	be	AUX
fbem-16686	86	9	divided	divide	VERB
fbem-16686	86	10	into	into	ADP
fbem-16686	86	11	two	two	NUM
fbem-16686	86	12	categories	category	NOUN
fbem-16686	86	13	:	:	PUNCT
fbem-16686	86	14	one	one	NUM
fbem-16686	86	15	category	category	NOUN
fbem-16686	86	16	is	be	AUX
fbem-16686	86	17	large	large	ADJ
fbem-16686	86	18	state	state	NOUN
fbem-16686	86	19	-	-	PUNCT
fbem-16686	86	20	owned	own	VERB
fbem-16686	86	21	banks	bank	NOUN
fbem-16686	86	22	,	,	PUNCT
fbem-16686	86	23	which	which	PRON
fbem-16686	86	24	have	have	VERB
fbem-16686	86	25	a	a	DET
fbem-16686	86	26	clear	clear	ADJ
fbem-16686	86	27	advantage	advantage	NOUN
fbem-16686	86	28	in	in	ADP
fbem-16686	86	29	terms	term	NOUN
fbem-16686	86	30	of	of	ADP
fbem-16686	86	31	operation	operation	NOUN
fbem-16686	86	32	scale	scale	NOUN
fbem-16686	86	33	,	,	PUNCT
fbem-16686	86	34	total	total	ADJ
fbem-16686	86	35	assets	asset	NOUN
fbem-16686	86	36	,	,	PUNCT
fbem-16686	86	37	and	and	CCONJ
fbem-16686	86	38	market	market	NOUN
fbem-16686	86	39	share	share	NOUN
fbem-16686	86	40	,	,	PUNCT
fbem-16686	86	41	including	include	VERB
fbem-16686	86	42	bank	bank	NOUN
fbem-16686	86	43	of	of	ADP
fbem-16686	86	44	china	china	PROPN
fbem-16686	86	45	,	,	PUNCT
fbem-16686	86	46	industrial	industrial	ADJ
fbem-16686	86	47	and	and	CCONJ
fbem-16686	86	48	commercial	commercial	ADJ
fbem-16686	86	49	bank	bank	PROPN
fbem-16686	86	50	of	of	ADP
fbem-16686	86	51	china	china	PROPN
fbem-16686	86	52	,	,	PUNCT
fbem-16686	86	53	agricultural	agricultural	ADJ
fbem-16686	86	54	bank	bank	PROPN
fbem-16686	86	55	of	of	ADP
fbem-16686	86	56	china	china	PROPN
fbem-16686	86	57	,	,	PUNCT
fbem-16686	86	58	construction	construction	NOUN
fbem-16686	86	59	bank	bank	PROPN
fbem-16686	86	60	of	of	ADP
fbem-16686	86	61	china	china	PROPN
fbem-16686	86	62	,	,	PUNCT
fbem-16686	86	63	and	and	CCONJ
fbem-16686	86	64	bank	bank	NOUN
fbem-16686	86	65	of	of	ADP
fbem-16686	86	66	communications	communication	NOUN
fbem-16686	86	67	.	.	PUNCT
fbem-16686	87	1	the	the	DET
fbem-16686	87	2	other	other	ADJ
fbem-16686	87	3	category	category	NOUN
fbem-16686	87	4	is	be	AUX
fbem-16686	87	5	joint	joint	ADJ
fbem-16686	87	6	-	-	PUNCT
fbem-16686	87	7	stock	stock	NOUN
fbem-16686	87	8	commercial	commercial	ADJ
fbem-16686	87	9	banks	bank	NOUN
fbem-16686	87	10	,	,	PUNCT
fbem-16686	87	11	including	include	VERB
fbem-16686	87	12	other	other	ADJ
fbem-16686	87	13	11	11	NUM
fbem-16686	87	14	listed	list	VERB
fbem-16686	87	15	banks	bank	NOUN
fbem-16686	87	16	.	.	PUNCT
fbem-16686	88	1	therefore	therefore	ADV
fbem-16686	88	2	,	,	PUNCT
fbem-16686	88	3	three	three	NUM
fbem-16686	88	4	panel	panel	NOUN
fbem-16686	88	5	data	datum	NOUN
fbem-16686	88	6	models	model	NOUN
fbem-16686	88	7	are	be	AUX
fbem-16686	88	8	established	establish	VERB
fbem-16686	88	9	:	:	PUNCT
fbem-16686	88	10	the	the	DET
fbem-16686	88	11	aggregate	aggregate	ADJ
fbem-16686	88	12	model	model	NOUN
fbem-16686	88	13	,	,	PUNCT
fbem-16686	88	14	the	the	DET
fbem-16686	88	15	large	large	ADJ
fbem-16686	88	16	state	state	NOUN
fbem-16686	88	17	-	-	PUNCT
fbem-16686	88	18	owned	own	VERB
fbem-16686	88	19	bank	bank	NOUN
fbem-16686	88	20	model	model	NOUN
fbem-16686	88	21	,	,	PUNCT
fbem-16686	88	22	and	and	CCONJ
fbem-16686	88	23	the	the	DET
fbem-16686	88	24	joint	joint	ADJ
fbem-16686	88	25	-	-	PUNCT
fbem-16686	88	26	stock	stock	NOUN
fbem-16686	88	27	commercial	commercial	ADJ
fbem-16686	88	28	bank	bank	NOUN
fbem-16686	88	29	model	model	NOUN
fbem-16686	88	30	.	.	PUNCT
fbem-16686	89	1	the	the	DET
fbem-16686	89	2	three	three	NUM
fbem-16686	89	3	models	model	NOUN
fbem-16686	89	4	were	be	AUX
fbem-16686	89	5	then	then	ADV
fbem-16686	89	6	subjected	subject	VERB
fbem-16686	89	7	to	to	ADP
fbem-16686	89	8	covariance	covariance	NOUN
fbem-16686	89	9	tests	test	NOUN
fbem-16686	89	10	as	as	ADV
fbem-16686	89	11	well	well	ADV
fbem-16686	89	12	as	as	ADP
fbem-16686	89	13	hausman	hausman	ADJ
fbem-16686	89	14	tests	test	NOUN
fbem-16686	89	15	as	as	ADP
fbem-16686	89	16	a	a	DET
fbem-16686	89	17	means	means	NOUN
fbem-16686	89	18	of	of	ADP
fbem-16686	89	19	determining	determine	VERB
fbem-16686	89	20	the	the	DET
fbem-16686	89	21	form	form	NOUN
fbem-16686	89	22	of	of	ADP
fbem-16686	89	23	each	each	DET
fbem-16686	89	24	model	model	NOUN
fbem-16686	89	25	.	.	PUNCT
fbem-16686	90	1	firstly	firstly	ADV
fbem-16686	90	2	,	,	PUNCT
fbem-16686	90	3	the	the	DET
fbem-16686	90	4	model	model	NOUN
fbem-16686	90	5	is	be	AUX
fbem-16686	90	6	set	set	VERB
fbem-16686	90	7	as	as	ADP
fbem-16686	90	8	a	a	DET
fbem-16686	90	9	constant	constant	ADJ
fbem-16686	90	10	coefficient	coefficient	NOUN
fbem-16686	90	11	model	model	NOUN
fbem-16686	90	12	,	,	PUNCT
fbem-16686	90	13	and	and	CCONJ
fbem-16686	90	14	the	the	DET
fbem-16686	90	15	overall	overall	ADJ
fbem-16686	90	16	model	model	NOUN
fbem-16686	90	17	,	,	PUNCT
fbem-16686	90	18	the	the	DET
fbem-16686	90	19	model	model	NOUN
fbem-16686	90	20	of	of	ADP
fbem-16686	90	21	large	large	ADJ
fbem-16686	90	22	state	state	NOUN
fbem-16686	90	23	-	-	PUNCT
fbem-16686	90	24	owned	own	VERB
fbem-16686	90	25	banks	bank	NOUN
fbem-16686	90	26	and	and	CCONJ
fbem-16686	90	27	the	the	DET
fbem-16686	90	28	model	model	NOUN
fbem-16686	90	29	of	of	ADP
fbem-16686	90	30	joint	joint	ADJ
fbem-16686	90	31	-	-	PUNCT
fbem-16686	90	32	stock	stock	NOUN
fbem-16686	90	33	commercial	commercial	ADJ
fbem-16686	90	34	banks	bank	NOUN
fbem-16686	90	35	are	be	AUX
fbem-16686	90	36	estimated	estimate	VERB
fbem-16686	90	37	,	,	PUNCT
fbem-16686	90	38	and	and	CCONJ
fbem-16686	90	39	the	the	DET
fbem-16686	90	40	residual	residual	ADJ
fbem-16686	90	41	sums	sum	NOUN
fbem-16686	90	42	of	of	ADP
fbem-16686	90	43	squares	square	NOUN
fbem-16686	90	44	of	of	ADP
fbem-16686	90	45	the	the	DET
fbem-16686	90	46	three	three	NUM
fbem-16686	90	47	models	model	NOUN
fbem-16686	90	48	are	be	AUX
fbem-16686	90	49	obtained	obtain	VERB
fbem-16686	90	50	separately	separately	ADV
fbem-16686	90	51	.	.	PUNCT
fbem-16686	91	1	secondly	secondly	ADV
fbem-16686	91	2	,	,	PUNCT
fbem-16686	91	3	the	the	DET
fbem-16686	91	4	model	model	NOUN
fbem-16686	91	5	is	be	AUX
fbem-16686	91	6	set	set	VERB
fbem-16686	91	7	as	as	ADP
fbem-16686	91	8	a	a	DET
fbem-16686	91	9	variable	variable	ADJ
fbem-16686	91	10	intercept	intercept	NOUN
fbem-16686	91	11	model	model	NOUN
fbem-16686	91	12	and	and	CCONJ
fbem-16686	91	13	hausman	hausman	ADJ
fbem-16686	91	14	test	test	NOUN
fbem-16686	91	15	is	be	AUX
fbem-16686	91	16	conducted	conduct	VERB
fbem-16686	91	17	,	,	PUNCT
fbem-16686	91	18	and	and	CCONJ
fbem-16686	91	19	the	the	DET
fbem-16686	91	20	test	test	NOUN
fbem-16686	91	21	results	result	NOUN
fbem-16686	91	22	are	be	AUX
fbem-16686	91	23	shown	show	VERB
fbem-16686	91	24	in	in	ADP
fbem-16686	91	25	table	table	NOUN
fbem-16686	91	26	3	3	NUM
fbem-16686	91	27	below	below	ADV
fbem-16686	91	28	:	:	PUNCT
fbem-16686	91	29	table	table	NOUN
fbem-16686	91	30	3	3	PROPN
fbem-16686	91	31	.	.	PUNCT
fbem-16686	91	32	hausman	hausman	PROPN
fbem-16686	91	33	test	test	NOUN
fbem-16686	91	34	results	result	NOUN
fbem-16686	91	35	modelling	model	VERB
fbem-16686	91	36	test	test	NOUN
fbem-16686	91	37	statistic	statistic	NOUN
fbem-16686	91	38	p	p	NOUN
fbem-16686	91	39	-	-	PUNCT
fbem-16686	91	40	value	value	NOUN
fbem-16686	91	41	in	in	ADP
fbem-16686	91	42	the	the	DET
fbem-16686	91	43	end	end	NOUN
fbem-16686	91	44	overall	overall	ADJ
fbem-16686	91	45	model	model	NOUN
fbem-16686	91	46	11.8645	11.8645	NUM
fbem-16686	91	47	0.0149	0.0149	NUM
fbem-16686	91	48	*	*	PUNCT
fbem-16686	91	49	*	*	NOUN
fbem-16686	91	50	rejection	rejection	NOUN
fbem-16686	91	51	of	of	ADP
fbem-16686	91	52	the	the	DET
fbem-16686	91	53	original	original	ADJ
fbem-16686	91	54	hypothesis	hypothesis	NOUN
fbem-16686	91	55	modelling	modelling	NOUN
fbem-16686	91	56	of	of	ADP
fbem-16686	91	57	large	large	ADJ
fbem-16686	91	58	state	state	NOUN
fbem-16686	91	59	-	-	PUNCT
fbem-16686	91	60	owned	own	VERB
fbem-16686	91	61	banks	bank	NOUN
fbem-16686	91	62	10.1274	10.1274	NUM
fbem-16686	91	63	0.0381	0.0381	NUM
fbem-16686	91	64	*	*	PUNCT
fbem-16686	91	65	*	*	NOUN
fbem-16686	91	66	rejection	rejection	NOUN
fbem-16686	91	67	of	of	ADP
fbem-16686	91	68	the	the	DET
fbem-16686	91	69	original	original	ADJ
fbem-16686	91	70	hypothesis	hypothesis	NOUN
fbem-16686	91	71	joint	joint	ADJ
fbem-16686	91	72	-	-	PUNCT
fbem-16686	91	73	stock	stock	NOUN
fbem-16686	91	74	commercial	commercial	ADJ
fbem-16686	91	75	bank	bank	NOUN
fbem-16686	91	76	model	model	NOUN
fbem-16686	91	77	5.9272	5.9272	NUM
fbem-16686	91	78	0.2664	0.2664	NUM
fbem-16686	91	79	original	original	ADJ
fbem-16686	91	80	hypothesis	hypothesis	NOUN
fbem-16686	91	81	can	can	AUX
fbem-16686	91	82	not	not	PART
fbem-16686	91	83	be	be	AUX
fbem-16686	91	84	rejected	reject	VERB
fbem-16686	91	85	as	as	SCONJ
fbem-16686	91	86	can	can	AUX
fbem-16686	91	87	be	be	AUX
fbem-16686	91	88	seen	see	VERB
fbem-16686	91	89	from	from	ADP
fbem-16686	91	90	table	table	NOUN
fbem-16686	91	91	3	3	NUM
fbem-16686	91	92	above	above	ADV
fbem-16686	91	93	,	,	PUNCT
fbem-16686	91	94	the	the	DET
fbem-16686	91	95	overall	overall	ADJ
fbem-16686	91	96	model	model	NOUN
fbem-16686	91	97	and	and	CCONJ
fbem-16686	91	98	the	the	DET
fbem-16686	91	99	state	state	NOUN
fbem-16686	91	100	-	-	PUNCT
fbem-16686	91	101	owned	own	VERB
fbem-16686	91	102	large	large	ADJ
fbem-16686	91	103	bank	bank	NOUN
fbem-16686	91	104	model	model	NOUN
fbem-16686	91	105	passed	pass	VERB
fbem-16686	91	106	the	the	DET
fbem-16686	91	107	test	test	NOUN
fbem-16686	91	108	at	at	ADP
fbem-16686	91	109	the	the	DET
fbem-16686	91	110	5	5	NUM
fbem-16686	91	111	%	%	NOUN
fbem-16686	91	112	significant	significant	ADJ
fbem-16686	91	113	level	level	NOUN
fbem-16686	91	114	,	,	PUNCT
fbem-16686	91	115	so	so	CCONJ
fbem-16686	91	116	the	the	DET
fbem-16686	91	117	original	original	ADJ
fbem-16686	91	118	hypothesis	hypothesis	NOUN
fbem-16686	91	119	was	be	AUX
fbem-16686	91	120	rejected	reject	VERB
fbem-16686	91	121	and	and	CCONJ
fbem-16686	91	122	the	the	DET
fbem-16686	91	123	overall	overall	ADJ
fbem-16686	91	124	model	model	NOUN
fbem-16686	91	125	and	and	CCONJ
fbem-16686	91	126	the	the	DET
fbem-16686	91	127	state	state	NOUN
fbem-16686	91	128	-	-	PUNCT
fbem-16686	91	129	owned	own	VERB
fbem-16686	91	130	large	large	ADJ
fbem-16686	91	131	bank	bank	NOUN
fbem-16686	91	132	model	model	NOUN
fbem-16686	91	133	were	be	AUX
fbem-16686	91	134	set	set	VERB
fbem-16686	91	135	as	as	ADP
fbem-16686	91	136	fixed	fix	VERB
fbem-16686	91	137	-	-	PUNCT
fbem-16686	91	138	effects	effect	NOUN
fbem-16686	91	139	variable	variable	NOUN
fbem-16686	91	140	-	-	PUNCT
fbem-16686	91	141	intercept	intercept	NOUN
fbem-16686	91	142	models	model	NOUN
fbem-16686	91	143	.	.	PUNCT
fbem-16686	92	1	the	the	DET
fbem-16686	92	2	joint	joint	ADJ
fbem-16686	92	3	-	-	PUNCT
fbem-16686	92	4	stock	stock	NOUN
fbem-16686	92	5	commercial	commercial	ADJ
fbem-16686	92	6	bank	bank	NOUN
fbem-16686	92	7	model	model	NOUN
fbem-16686	92	8	corresponds	correspond	VERB
fbem-16686	92	9	to	to	ADP
fbem-16686	92	10	a	a	DET
fbem-16686	92	11	p	p	NOUN
fbem-16686	92	12	-	-	PUNCT
fbem-16686	92	13	value	value	NOUN
fbem-16686	92	14	of	of	ADP
fbem-16686	92	15	0.2664	0.2664	NUM
fbem-16686	92	16	,	,	PUNCT
fbem-16686	92	17	which	which	PRON
fbem-16686	92	18	does	do	AUX
fbem-16686	92	19	not	not	PART
fbem-16686	92	20	pass	pass	VERB
fbem-16686	92	21	the	the	DET
fbem-16686	92	22	hausman	hausman	ADJ
fbem-16686	92	23	test	test	NOUN
fbem-16686	92	24	,	,	PUNCT
fbem-16686	92	25	so	so	CCONJ
fbem-16686	92	26	it	it	PRON
fbem-16686	92	27	is	be	AUX
fbem-16686	92	28	set	set	VERB
fbem-16686	92	29	as	as	ADP
fbem-16686	92	30	a	a	DET
fbem-16686	92	31	randomeffects	randomeffect	NOUN
fbem-16686	92	32	variable	variable	NOUN
fbem-16686	92	33	-	-	PUNCT
fbem-16686	92	34	intercept	intercept	NOUN
fbem-16686	92	35	model	model	NOUN
fbem-16686	92	36	.	.	PUNCT
fbem-16686	93	1	finally	finally	ADV
fbem-16686	93	2	,	,	PUNCT
fbem-16686	93	3	the	the	DET
fbem-16686	93	4	model	model	NOUN
fbem-16686	93	5	was	be	AUX
fbem-16686	93	6	set	set	VERB
fbem-16686	93	7	as	as	ADP
fbem-16686	93	8	a	a	DET
fbem-16686	93	9	variable	variable	ADJ
fbem-16686	93	10	coefficient	coefficient	NOUN
fbem-16686	93	11	model	model	NOUN
fbem-16686	93	12	to	to	PART
fbem-16686	93	13	obtain	obtain	VERB
fbem-16686	93	14	the	the	DET
fbem-16686	93	15	residual	residual	ADJ
fbem-16686	93	16	sum	sum	NOUN
fbem-16686	93	17	of	of	ADP
fbem-16686	93	18	squares	square	NOUN
fbem-16686	93	19	.	.	PUNCT
fbem-16686	94	1	after	after	ADP
fbem-16686	94	2	passing	pass	VERB
fbem-16686	94	3	the	the	DET
fbem-16686	94	4	hausman	hausman	ADJ
fbem-16686	94	5	test	test	NOUN
fbem-16686	94	6	,	,	PUNCT
fbem-16686	94	7	the	the	DET
fbem-16686	94	8	analysis	analysis	NOUN
fbem-16686	94	9	of	of	ADP
fbem-16686	94	10	covariance	covariance	NOUN
fbem-16686	94	11	was	be	AUX
fbem-16686	94	12	performed	perform	VERB
fbem-16686	94	13	and	and	CCONJ
fbem-16686	94	14	the	the	DET
fbem-16686	94	15	results	result	NOUN
fbem-16686	94	16	are	be	AUX
fbem-16686	94	17	shown	show	VERB
fbem-16686	94	18	in	in	ADP
fbem-16686	94	19	table	table	NOUN
fbem-16686	94	20	4	4	NUM
fbem-16686	94	21	below	below	ADV
fbem-16686	94	22	:	:	PUNCT
fbem-16686	94	23	table	table	NOUN
fbem-16686	94	24	4	4	NUM
fbem-16686	94	25	.	.	PUNCT
fbem-16686	94	26	results	result	NOUN
fbem-16686	94	27	of	of	ADP
fbem-16686	94	28	the	the	DET
fbem-16686	94	29	analysis	analysis	NOUN
fbem-16686	94	30	of	of	ADP
fbem-16686	94	31	covariance	covariance	NOUN
fbem-16686	94	32	for	for	ADP
fbem-16686	94	33	the	the	DET
fbem-16686	94	34	overall	overall	ADJ
fbem-16686	94	35	model	model	NOUN
fbem-16686	94	36	,	,	PUNCT
fbem-16686	94	37	the	the	DET
fbem-16686	94	38	large	large	ADJ
fbem-16686	94	39	state	state	NOUN
fbem-16686	94	40	-	-	PUNCT
fbem-16686	94	41	owned	own	VERB
fbem-16686	94	42	bank	bank	NOUN
fbem-16686	94	43	model	model	NOUN
fbem-16686	94	44	and	and	CCONJ
fbem-16686	94	45	the	the	DET
fbem-16686	94	46	joint	joint	ADJ
fbem-16686	94	47	-	-	PUNCT
fbem-16686	94	48	stock	stock	NOUN
fbem-16686	94	49	bank	bank	NOUN
fbem-16686	94	50	model	model	NOUN
fbem-16686	94	51	overall	overall	ADJ
fbem-16686	94	52	model	model	NOUN
fbem-16686	94	53	modelling	modelling	NOUN
fbem-16686	94	54	of	of	ADP
fbem-16686	94	55	large	large	ADJ
fbem-16686	94	56	state	state	NOUN
fbem-16686	94	57	-	-	PUNCT
fbem-16686	94	58	owned	own	VERB
fbem-16686	94	59	banks	bank	NOUN
fbem-16686	94	60	joint	joint	ADJ
fbem-16686	94	61	-	-	PUNCT
fbem-16686	94	62	stock	stock	NOUN
fbem-16686	94	63	commercial	commercial	ADJ
fbem-16686	94	64	bank	bank	PROPN
fbem-16686	94	65	model	model	NOUN
fbem-16686	94	66	f2	f2	PROPN
fbem-16686	94	67	3.2748	3.2748	NUM
fbem-16686	94	68	2.0499	2.0499	NUM
fbem-16686	94	69	1.7502	1.7502	NUM
fbem-16686	94	70	f	f	NOUN
fbem-16686	94	71	threshold	threshold	NOUN
fbem-16686	94	72	for2	for2	PROPN
fbem-16686	94	73	1.7468	1.7468	NUM
fbem-16686	94	74	2.0035	2.0035	NUM
fbem-16686	94	75	1.5914	1.5914	NUM
fbem-16686	94	76	f1	f1	NOUN
fbem-16686	94	77	2.7617	2.7617	NUM
fbem-16686	94	78	1.5836	1.5836	NUM
fbem-16686	94	79	1.2513	1.2513	NUM
fbem-16686	94	80	f	f	NOUN
fbem-16686	94	81	threshold	threshold	NOUN
fbem-16686	94	82	for1	for1	VERB
fbem-16686	94	83	1.3621	1.3621	NUM
fbem-16686	94	84	2.0731	2.0731	NUM
fbem-16686	94	85	1.7152	1.7152	NUM
fbem-16686	94	86	in	in	ADP
fbem-16686	94	87	the	the	DET
fbem-16686	94	88	end	end	NOUN
fbem-16686	94	89	variance	variance	NOUN
fbem-16686	94	90	coefficient	coefficient	NOUN
fbem-16686	94	91	model	model	NOUN
fbem-16686	94	92	varying	vary	VERB
fbem-16686	94	93	intercept	intercept	NOUN
fbem-16686	94	94	model	model	NOUN
fbem-16686	94	95	(	(	PUNCT
fbem-16686	94	96	vim	vim	NOUN
fbem-16686	94	97	)	)	PUNCT
fbem-16686	94	98	varying	vary	VERB
fbem-16686	94	99	intercept	intercept	NOUN
fbem-16686	94	100	model	model	NOUN
fbem-16686	94	101	(	(	PUNCT
fbem-16686	94	102	vim	vim	NOUN
fbem-16686	94	103	)	)	PUNCT
fbem-16686	94	104	in	in	ADP
fbem-16686	94	105	summary	summary	NOUN
fbem-16686	94	106	,	,	PUNCT
fbem-16686	94	107	according	accord	VERB
fbem-16686	94	108	to	to	ADP
fbem-16686	94	109	the	the	DET
fbem-16686	94	110	results	result	NOUN
fbem-16686	94	111	of	of	ADP
fbem-16686	94	112	hausman	hausman	ADJ
fbem-16686	94	113	test	test	NOUN
fbem-16686	94	114	,	,	PUNCT
fbem-16686	94	115	it	it	PRON
fbem-16686	94	116	can	can	AUX
fbem-16686	94	117	be	be	AUX
fbem-16686	94	118	seen	see	VERB
fbem-16686	94	119	that	that	SCONJ
fbem-16686	94	120	the	the	DET
fbem-16686	94	121	model	model	NOUN
fbem-16686	94	122	of	of	ADP
fbem-16686	94	123	large	large	ADJ
fbem-16686	94	124	state	state	NOUN
fbem-16686	94	125	-	-	PUNCT
fbem-16686	94	126	owned	own	VERB
fbem-16686	94	127	banks	bank	NOUN
fbem-16686	94	128	and	and	CCONJ
fbem-16686	94	129	the	the	DET
fbem-16686	94	130	model	model	NOUN
fbem-16686	94	131	of	of	ADP
fbem-16686	94	132	joint	joint	ADJ
fbem-16686	94	133	-	-	PUNCT
fbem-16686	94	134	stock	stock	NOUN
fbem-16686	94	135	commercial	commercial	NOUN
fbem-16686	94	136	banks𝐹	banks𝐹	PROPN
fbem-16686	94	137	are	be	AUX
fbem-16686	94	138	greater	great	ADJ
fbem-16686	94	139	than	than	ADP
fbem-16686	94	140	the	the	DET
fbem-16686	94	141	critical	critical	ADJ
fbem-16686	94	142	value	value	NOUN
fbem-16686	94	143	of	of	ADP
fbem-16686	94	144	𝐹	𝐹	PRON
fbem-16686	94	145	the	the	DET
fbem-16686	94	146	critical	critical	ADJ
fbem-16686	94	147	value	value	NOUN
fbem-16686	94	148	of	of	ADP
fbem-16686	94	149	𝐹	𝐹	PROPN
fbem-16686	94	150	are	be	AUX
fbem-16686	94	151	smaller	small	ADJ
fbem-16686	94	152	than	than	ADP
fbem-16686	94	153	the	the	DET
fbem-16686	94	154	critical	critical	ADJ
fbem-16686	94	155	value	value	NOUN
fbem-16686	94	156	of𝐹	of𝐹	PROPN
fbem-16686	94	157	therefore	therefore	ADV
fbem-16686	94	158	,	,	PUNCT
fbem-16686	94	159	the	the	DET
fbem-16686	94	160	model	model	NOUN
fbem-16686	94	161	of	of	ADP
fbem-16686	94	162	large	large	ADJ
fbem-16686	94	163	stateowned	stateowne	VERB
fbem-16686	94	164	banks	bank	NOUN
fbem-16686	94	165	is	be	AUX
fbem-16686	94	166	set	set	VERB
fbem-16686	94	167	as	as	ADP
fbem-16686	94	168	a	a	DET
fbem-16686	94	169	fixed	fix	VERB
fbem-16686	94	170	-	-	PUNCT
fbem-16686	94	171	effects	effect	NOUN
fbem-16686	94	172	variable	variable	NOUN
fbem-16686	94	173	-	-	PUNCT
fbem-16686	94	174	intercept	intercept	NOUN
fbem-16686	94	175	model	model	NOUN
fbem-16686	94	176	,	,	PUNCT
fbem-16686	94	177	and	and	CCONJ
fbem-16686	94	178	the	the	DET
fbem-16686	94	179	model	model	NOUN
fbem-16686	94	180	of	of	ADP
fbem-16686	94	181	joint	joint	ADJ
fbem-16686	94	182	-	-	PUNCT
fbem-16686	94	183	stock	stock	NOUN
fbem-16686	94	184	commercial	commercial	ADJ
fbem-16686	94	185	banks	bank	NOUN
fbem-16686	94	186	is	be	AUX
fbem-16686	94	187	a	a	DET
fbem-16686	94	188	randomeffects	randomeffect	NOUN
fbem-16686	94	189	variable	variable	NOUN
fbem-16686	94	190	-	-	PUNCT
fbem-16686	94	191	intercept	intercept	NOUN
fbem-16686	94	192	model	model	NOUN
fbem-16686	94	193	.	.	PUNCT
fbem-16686	95	1	the	the	DET
fbem-16686	95	2	overall	overall	ADJ
fbem-16686	95	3	model	model	NOUN
fbem-16686	95	4	of	of	ADP
fbem-16686	95	5	𝐹	𝐹	PROPN
fbem-16686	95	6	,	,	PUNCT
fbem-16686	95	7	𝐹	𝐹	PROPN
fbem-16686	95	8	are	be	AUX
fbem-16686	95	9	respectively	respectively	ADV
fbem-16686	95	10	larger	large	ADJ
fbem-16686	95	11	than	than	ADP
fbem-16686	95	12	their	their	PRON
fbem-16686	95	13	corresponding	correspond	VERB
fbem-16686	95	14	critical	critical	ADJ
fbem-16686	95	15	values	value	NOUN
fbem-16686	95	16	,	,	PUNCT
fbem-16686	95	17	so	so	SCONJ
fbem-16686	95	18	it	it	PRON
fbem-16686	95	19	is	be	AUX
fbem-16686	95	20	set	set	VERB
fbem-16686	95	21	as	as	ADP
fbem-16686	95	22	fixed	fix	VERB
fbem-16686	95	23	effect	effect	NOUN
fbem-16686	95	24	variable	variable	ADJ
fbem-16686	95	25	coefficient	coefficient	NOUN
fbem-16686	95	26	model	model	NOUN
fbem-16686	95	27	.	.	PUNCT
fbem-16686	96	1	the	the	DET
fbem-16686	96	2	results	result	NOUN
fbem-16686	96	3	of	of	ADP
fbem-16686	96	4	the	the	DET
fbem-16686	96	5	parameter	parameter	NOUN
fbem-16686	96	6	estimates	estimate	NOUN
fbem-16686	96	7	for	for	ADP
fbem-16686	96	8	the	the	DET
fbem-16686	96	9	aggregate	aggregate	ADJ
fbem-16686	96	10	model	model	NOUN
fbem-16686	96	11	,	,	PUNCT
fbem-16686	96	12	the	the	DET
fbem-16686	96	13	large	large	ADJ
fbem-16686	96	14	state	state	NOUN
fbem-16686	96	15	-	-	PUNCT
fbem-16686	96	16	owned	own	VERB
fbem-16686	96	17	bank	bank	NOUN
fbem-16686	96	18	model	model	NOUN
fbem-16686	96	19	and	and	CCONJ
fbem-16686	96	20	the	the	DET
fbem-16686	96	21	joint	joint	ADJ
fbem-16686	96	22	-	-	PUNCT
fbem-16686	96	23	stock	stock	NOUN
fbem-16686	96	24	bank	bank	NOUN
fbem-16686	96	25	model	model	NOUN
fbem-16686	96	26	are	be	AUX
fbem-16686	96	27	shown	show	VERB
fbem-16686	96	28	in	in	ADP
fbem-16686	96	29	table	table	NOUN
fbem-16686	96	30	5	5	NUM
fbem-16686	96	31	below	below	ADV
fbem-16686	96	32	,	,	PUNCT
fbem-16686	96	33	where	where	SCONJ
fbem-16686	96	34	the	the	DET
fbem-16686	96	35	differences	difference	NOUN
fbem-16686	96	36	in	in	ADP
fbem-16686	96	37	the	the	DET
fbem-16686	96	38	incremental	incremental	ADJ
fbem-16686	96	39	loan	loan	NOUN
fbem-16686	96	40	volume	volume	NOUN
fbem-16686	96	41	of	of	ADP
fbem-16686	96	42	large	large	ADJ
fbem-16686	96	43	commercial	commercial	ADJ
fbem-16686	96	44	banks	bank	NOUN
fbem-16686	96	45	reflecting	reflect	VERB
fbem-16686	96	46	the	the	DET
fbem-16686	96	47	differences	difference	NOUN
fbem-16686	96	48	among	among	ADP
fbem-16686	96	49	the	the	DET
fbem-16686	96	50	state	state	NOUN
fbem-16686	96	51	-	-	PUNCT
fbem-16686	96	52	owned	own	VERB
fbem-16686	96	53	banks	bank	NOUN
fbem-16686	96	54	are	be	AUX
fbem-16686	96	55	shown	show	VERB
fbem-16686	96	56	in	in	ADP
fbem-16686	96	57	table	table	NOUN
fbem-16686	96	58	6.𝛼∗	6.𝛼∗	NUM
fbem-16686	96	59	the	the	DET
fbem-16686	96	60	estimation	estimation	NOUN
fbem-16686	96	61	results	result	NOUN
fbem-16686	96	62	are	be	AUX
fbem-16686	96	63	shown	show	VERB
fbem-16686	96	64	in	in	ADP
fbem-16686	96	65	table	table	NOUN
fbem-16686	96	66	6	6	NUM
fbem-16686	96	67	.	.	X
fbem-16686	96	68	172	172	NUM
fbem-16686	96	69	table	table	NOUN
fbem-16686	96	70	5	5	NUM
fbem-16686	96	71	.	.	PUNCT
fbem-16686	96	72	model	model	PROPN
fbem-16686	96	73	parameter	parameter	PROPN
fbem-16686	96	74	estimation	estimation	NOUN
fbem-16686	96	75	results	result	VERB
fbem-16686	96	76	variable	variable	ADJ
fbem-16686	96	77	name	name	NOUN
fbem-16686	96	78	explanatory	explanatory	ADJ
fbem-16686	96	79	variable	variable	ADJ
fbem-16686	96	80	overall	overall	ADJ
fbem-16686	96	81	model	model	NOUN
fbem-16686	96	82	modelling	modelling	NOUN
fbem-16686	96	83	of	of	ADP
fbem-16686	96	84	large	large	ADJ
fbem-16686	96	85	state	state	NOUN
fbem-16686	96	86	-	-	PUNCT
fbem-16686	96	87	owned	own	VERB
fbem-16686	96	88	banks	bank	NOUN
fbem-16686	96	89	joint	joint	ADJ
fbem-16686	96	90	-	-	PUNCT
fbem-16686	96	91	stock	stock	NOUN
fbem-16686	96	92	bank	bank	NOUN
fbem-16686	96	93	model	model	NOUN
fbem-16686	96	94	annual	annual	ADJ
fbem-16686	96	95	growth	growth	NOUN
fbem-16686	96	96	rate	rate	NOUN
fbem-16686	96	97	of	of	ADP
fbem-16686	96	98	gdp	gdp	NOUN
fbem-16686	96	99	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-16686	96	100	-0.5811	-0.5811	NOUN
fbem-16686	96	101	*	*	PUNCT
fbem-16686	96	102	*	*	PUNCT
fbem-16686	96	103	(	(	PUNCT
fbem-16686	96	104	-2.5018	-2.5018	NOUN
fbem-16686	96	105	)	)	PUNCT
fbem-16686	96	106	-0.9178	-0.9178	ADV
fbem-16686	97	1	*	*	PUNCT
fbem-16686	97	2	*	*	PUNCT
fbem-16686	97	3	*	*	PUNCT
fbem-16686	97	4	(	(	PUNCT
fbem-16686	97	5	-3.3310	-3.3310	NOUN
fbem-16686	97	6	)	)	PUNCT
fbem-16686	97	7	-0.7226	-0.7226	PUNCT
fbem-16686	98	1	*	*	PUNCT
fbem-16686	98	2	*	*	PUNCT
fbem-16686	98	3	*	*	PUNCT
fbem-16686	98	4	(	(	PUNCT
fbem-16686	98	5	-3.4845	-3.4845	ADJ
fbem-16686	98	6	)	)	PUNCT
fbem-16686	98	7	statutory	statutory	PROPN
fbem-16686	98	8	reserve	reserve	PROPN
fbem-16686	98	9	requirement	requirement	NOUN
fbem-16686	98	10	ratio	ratio	NOUN
fbem-16686	98	11	𝑀𝑃	𝑀𝑃	PROPN
fbem-16686	98	12	-0.4737	-0.4737	PROPN
fbem-16686	98	13	*	*	PROPN
fbem-16686	98	14	*	*	PUNCT
fbem-16686	98	15	(	(	PUNCT
fbem-16686	98	16	2.1743	2.1743	NUM
fbem-16686	98	17	)	)	PUNCT
fbem-16686	98	18	-0.1196	-0.1196	PUNCT
fbem-16686	99	1	*	*	PUNCT
fbem-16686	99	2	*	*	PUNCT
fbem-16686	99	3	(	(	PUNCT
fbem-16686	99	4	-2.7730	-2.7730	X
fbem-16686	99	5	)	)	PUNCT
fbem-16686	99	6	-0.8582	-0.8582	PROPN
fbem-16686	100	1	*	*	PUNCT
fbem-16686	100	2	*	*	PUNCT
fbem-16686	100	3	(	(	PUNCT
fbem-16686	100	4	-2.1286	-2.1286	ADJ
fbem-16686	100	5	)	)	PUNCT
fbem-16686	100	6	capital	capital	NOUN
fbem-16686	100	7	adequacy	adequacy	NOUN
fbem-16686	100	8	of	of	ADP
fbem-16686	100	9	commercial	commercial	ADJ
fbem-16686	100	10	banks	bank	NOUN
fbem-16686	100	11	𝐶𝐴𝑃	𝐶𝐴𝑃	VERB
fbem-16686	100	12	0.0474	0.0474	NUM
fbem-16686	100	13	*	*	NOUN
fbem-16686	100	14	*	*	PUNCT
fbem-16686	100	15	(	(	PUNCT
fbem-16686	100	16	2.2560	2.2560	NUM
fbem-16686	100	17	)	)	PUNCT
fbem-16686	100	18	0.0796	0.0796	NUM
fbem-16686	101	1	*	*	PUNCT
fbem-16686	101	2	*	*	PUNCT
fbem-16686	101	3	(	(	PUNCT
fbem-16686	101	4	2.6182	2.6182	NUM
fbem-16686	101	5	)	)	PUNCT
fbem-16686	101	6	0.0224	0.0224	NUM
fbem-16686	101	7	*	*	PUNCT
fbem-16686	101	8	*	*	PUNCT
fbem-16686	101	9	(	(	PUNCT
fbem-16686	101	10	2.1636	2.1636	NUM
fbem-16686	101	11	)	)	PUNCT
fbem-16686	101	12	interaction	interaction	NOUN
fbem-16686	101	13	term	term	NOUN
fbem-16686	101	14	between	between	ADP
fbem-16686	101	15	capital	capital	NOUN
fbem-16686	101	16	adequacy	adequacy	NOUN
fbem-16686	101	17	level	level	NOUN
fbem-16686	101	18	and	and	CCONJ
fbem-16686	101	19	monetary	monetary	ADJ
fbem-16686	101	20	policy	policy	NOUN
fbem-16686	101	21	𝐶𝐴𝑃	𝐶𝐴𝑃	PROPN
fbem-16686	101	22	𝑀𝑃	𝑀𝑃	PROPN
fbem-16686	101	23	-0.3926	-0.3926	NOUN
fbem-16686	101	24	*	*	PUNCT
fbem-16686	101	25	*	*	PUNCT
fbem-16686	101	26	*	*	PUNCT
fbem-16686	101	27	(	(	PUNCT
fbem-16686	101	28	-3.5696	-3.5696	NOUN
fbem-16686	101	29	)	)	PUNCT
fbem-16686	101	30	-0.6153	-0.6153	VERB
fbem-16686	102	1	*	*	PUNCT
fbem-16686	102	2	*	*	PUNCT
fbem-16686	102	3	(	(	PUNCT
fbem-16686	102	4	-2.6663	-2.6663	PROPN
fbem-16686	102	5	)	)	PUNCT
fbem-16686	102	6	-0.1240	-0.1240	NOUN
fbem-16686	103	1	*	*	PUNCT
fbem-16686	103	2	*	*	PUNCT
fbem-16686	103	3	(	(	PUNCT
fbem-16686	103	4	-1.7287	-1.7287	PROPN
fbem-16686	103	5	)	)	PUNCT
fbem-16686	103	6	c	c	NOUN
fbem-16686	103	7	-0.1193	-0.1193	PROPN
fbem-16686	103	8	*	*	PUNCT
fbem-16686	103	9	(	(	PUNCT
fbem-16686	103	10	-1.2549	-1.2549	NOUN
fbem-16686	103	11	)	)	PUNCT
fbem-16686	103	12	-0.7566	-0.7566	PROPN
fbem-16686	104	1	*	*	PUNCT
fbem-16686	104	2	*	*	PUNCT
fbem-16686	104	3	(	(	PUNCT
fbem-16686	104	4	-2.0054	-2.0054	ADJ
fbem-16686	104	5	)	)	PUNCT
fbem-16686	105	1	0.1703	0.1703	NUM
fbem-16686	105	2	*	*	PUNCT
fbem-16686	105	3	(	(	PUNCT
fbem-16686	105	4	1.5386	1.5386	NUM
fbem-16686	105	5	)	)	PUNCT
fbem-16686	105	6	note	note	NOUN
fbem-16686	105	7	:	:	PUNCT
fbem-16686	105	8	"	"	PUNCT
fbem-16686	105	9	*	*	PUNCT
fbem-16686	105	10	*	*	PUNCT
fbem-16686	105	11	*	*	PUNCT
fbem-16686	105	12	"	"	PUNCT
fbem-16686	105	13	,	,	PUNCT
fbem-16686	105	14	"	"	PUNCT
fbem-16686	105	15	*	*	PUNCT
fbem-16686	105	16	*	*	PUNCT
fbem-16686	105	17	"	"	PUNCT
fbem-16686	105	18	,	,	PUNCT
fbem-16686	105	19	"	"	PUNCT
fbem-16686	105	20	*	*	PUNCT
fbem-16686	105	21	"	"	PUNCT
fbem-16686	105	22	indicate	indicate	VERB
fbem-16686	105	23	significant	significant	ADJ
fbem-16686	105	24	at	at	ADP
fbem-16686	105	25	the	the	DET
fbem-16686	105	26	1	1	NUM
fbem-16686	105	27	per	per	ADP
fbem-16686	105	28	cent	cent	NOUN
fbem-16686	105	29	,	,	PUNCT
fbem-16686	105	30	5	5	NUM
fbem-16686	105	31	per	per	ADP
fbem-16686	105	32	cent	cent	NOUN
fbem-16686	105	33	and	and	CCONJ
fbem-16686	105	34	10	10	NUM
fbem-16686	105	35	per	per	ADP
fbem-16686	105	36	cent	cent	NOUN
fbem-16686	105	37	levels	level	NOUN
fbem-16686	105	38	,	,	PUNCT
fbem-16686	105	39	respectively	respectively	ADV
fbem-16686	105	40	.	.	PUNCT
fbem-16686	105	41	table	table	NOUN
fbem-16686	105	42	6	6	NUM
fbem-16686	105	43	.	.	PUNCT
fbem-16686	105	44	difference	difference	NOUN
fbem-16686	105	45	in	in	ADP
fbem-16686	105	46	incremental	incremental	ADJ
fbem-16686	105	47	loans	loan	NOUN
fbem-16686	105	48	of	of	ADP
fbem-16686	105	49	commercial	commercial	ADJ
fbem-16686	105	50	banks	bank	NOUN
fbem-16686	105	51	with	with	ADP
fbem-16686	105	52	state	state	NOUN
fbem-16686	105	53	-	-	PUNCT
fbem-16686	105	54	owned	own	VERB
fbem-16686	105	55	loans	loan	NOUN
fbem-16686	105	56	banki	banki	X
fbem-16686	105	57	𝜶𝒊	𝜶𝒊	PRON
fbem-16686	105	58	∗estimated	∗estimate	VERB
fbem-16686	105	59	value	value	NOUN
fbem-16686	105	60	bank	bank	NOUN
fbem-16686	105	61	of	of	ADP
fbem-16686	105	62	china	china	PROPN
fbem-16686	105	63	(	(	PUNCT
fbem-16686	105	64	boc	boc	PROPN
fbem-16686	105	65	)	)	PUNCT
fbem-16686	105	66	0.0217	0.0217	NUM
fbem-16686	105	67	construction	construction	NOUN
fbem-16686	105	68	bank	bank	NOUN
fbem-16686	105	69	of	of	ADP
fbem-16686	105	70	china	china	PROPN
fbem-16686	105	71	0.0074	0.0074	NUM
fbem-16686	105	72	industrial	industrial	ADJ
fbem-16686	105	73	and	and	CCONJ
fbem-16686	105	74	commercial	commercial	ADJ
fbem-16686	105	75	bank	bank	PROPN
fbem-16686	105	76	of	of	ADP
fbem-16686	105	77	china	china	PROPN
fbem-16686	105	78	-0.0491	-0.0491	PROPN
fbem-16686	105	79	agricultural	agricultural	PROPN
fbem-16686	105	80	bank	bank	PROPN
fbem-16686	105	81	of	of	ADP
fbem-16686	105	82	china	china	PROPN
fbem-16686	105	83	-0.0750	-0.0750	PROPN
fbem-16686	105	84	bank	bank	PROPN
fbem-16686	105	85	of	of	ADP
fbem-16686	105	86	communications	communication	NOUN
fbem-16686	105	87	0.0536	0.0536	NUM
fbem-16686	105	88	from	from	ADP
fbem-16686	105	89	the	the	DET
fbem-16686	105	90	estimation	estimation	NOUN
fbem-16686	105	91	results	result	NOUN
fbem-16686	105	92	of	of	ADP
fbem-16686	105	93	the	the	DET
fbem-16686	105	94	overall	overall	ADJ
fbem-16686	105	95	model	model	NOUN
fbem-16686	105	96	,	,	PUNCT
fbem-16686	105	97	we	we	PRON
fbem-16686	105	98	can	can	AUX
fbem-16686	105	99	see	see	VERB
fbem-16686	105	100	that	that	SCONJ
fbem-16686	105	101	the	the	DET
fbem-16686	105	102	coefficient	coefficient	NOUN
fbem-16686	105	103	of	of	ADP
fbem-16686	105	104	gdp	gdp	NOUN
fbem-16686	105	105	growth	growth	NOUN
fbem-16686	105	106	rate	rate	NOUN
fbem-16686	105	107	,	,	PUNCT
fbem-16686	105	108	which	which	PRON
fbem-16686	105	109	represents	represent	VERB
fbem-16686	105	110	the	the	DET
fbem-16686	105	111	change	change	NOUN
fbem-16686	105	112	of	of	ADP
fbem-16686	105	113	the	the	DET
fbem-16686	105	114	real	real	ADJ
fbem-16686	105	115	economic	economic	ADJ
fbem-16686	105	116	level	level	NOUN
fbem-16686	105	117	,	,	PUNCT
fbem-16686	105	118	is	be	AUX
fbem-16686	105	119	-0.5811	-0.5811	ADJ
fbem-16686	105	120	and	and	CCONJ
fbem-16686	105	121	is	be	AUX
fbem-16686	105	122	significant	significant	ADJ
fbem-16686	105	123	at	at	ADP
fbem-16686	105	124	95	95	NUM
fbem-16686	105	125	%	%	NOUN
fbem-16686	105	126	confidence	confidence	NOUN
fbem-16686	105	127	level	level	NOUN
fbem-16686	105	128	,	,	PUNCT
fbem-16686	105	129	which	which	PRON
fbem-16686	105	130	indicates	indicate	VERB
fbem-16686	105	131	that	that	SCONJ
fbem-16686	105	132	when	when	SCONJ
fbem-16686	105	133	the	the	DET
fbem-16686	105	134	economy	economy	NOUN
fbem-16686	105	135	is	be	AUX
fbem-16686	105	136	in	in	ADP
fbem-16686	105	137	an	an	DET
fbem-16686	105	138	upward	upward	ADJ
fbem-16686	105	139	cycle	cycle	NOUN
fbem-16686	105	140	,	,	PUNCT
fbem-16686	105	141	the	the	DET
fbem-16686	105	142	growth	growth	NOUN
fbem-16686	105	143	rate	rate	NOUN
fbem-16686	105	144	of	of	ADP
fbem-16686	105	145	the	the	DET
fbem-16686	105	146	credit	credit	NOUN
fbem-16686	105	147	scale	scale	NOUN
fbem-16686	105	148	will	will	AUX
fbem-16686	105	149	be	be	AUX
fbem-16686	105	150	slowed	slow	VERB
fbem-16686	105	151	down	down	ADP
fbem-16686	105	152	,	,	PUNCT
fbem-16686	105	153	and	and	CCONJ
fbem-16686	105	154	the	the	DET
fbem-16686	105	155	bank	bank	NOUN
fbem-16686	105	156	credit	credit	NOUN
fbem-16686	105	157	has	have	VERB
fbem-16686	105	158	a	a	DET
fbem-16686	105	159	counter	counter	ADJ
fbem-16686	105	160	-	-	ADJ
fbem-16686	105	161	cyclical	cyclical	ADJ
fbem-16686	105	162	characteristic	characteristic	NOUN
fbem-16686	105	163	;	;	PUNCT
fbem-16686	105	164	the	the	DET
fbem-16686	105	165	coefficient	coefficient	NOUN
fbem-16686	105	166	of	of	ADP
fbem-16686	105	167	the	the	DET
fbem-16686	105	168	legal	legal	ADJ
fbem-16686	105	169	reserve	reserve	NOUN
fbem-16686	105	170	ratio	ratio	NOUN
fbem-16686	105	171	is	be	AUX
fbem-16686	105	172	-0.4737.𝑀𝑃	-0.4737.𝑀𝑃	PUNCT
fbem-16686	105	173	the	the	DET
fbem-16686	105	174	coefficient	coefficient	NOUN
fbem-16686	105	175	of	of	ADP
fbem-16686	105	176	legal	legal	ADJ
fbem-16686	105	177	reserve	reserve	NOUN
fbem-16686	105	178	ratio	ratio	NOUN
fbem-16686	105	179	is	be	AUX
fbem-16686	105	180	-0.4737	-0.4737	VERB
fbem-16686	105	181	,	,	PUNCT
fbem-16686	105	182	when	when	SCONJ
fbem-16686	105	183	the	the	DET
fbem-16686	105	184	central	central	ADJ
fbem-16686	105	185	bank	bank	NOUN
fbem-16686	105	186	implements	implement	VERB
fbem-16686	105	187	tight	tight	ADJ
fbem-16686	105	188	monetary	monetary	ADJ
fbem-16686	105	189	policy	policy	NOUN
fbem-16686	105	190	,	,	PUNCT
fbem-16686	105	191	every	every	DET
fbem-16686	105	192	1	1	NUM
fbem-16686	105	193	unit	unit	NOUN
fbem-16686	105	194	increase	increase	NOUN
fbem-16686	105	195	in	in	ADP
fbem-16686	105	196	the	the	DET
fbem-16686	105	197	legal	legal	ADJ
fbem-16686	105	198	reserve	reserve	NOUN
fbem-16686	105	199	ratio	ratio	NOUN
fbem-16686	105	200	,	,	PUNCT
fbem-16686	105	201	the	the	DET
fbem-16686	105	202	total	total	ADJ
fbem-16686	105	203	loan	loan	NOUN
fbem-16686	105	204	size	size	NOUN
fbem-16686	105	205	of	of	ADP
fbem-16686	105	206	the	the	DET
fbem-16686	105	207	16	16	NUM
fbem-16686	105	208	listed	list	VERB
fbem-16686	105	209	commercial	commercial	ADJ
fbem-16686	105	210	banks	bank	NOUN
fbem-16686	105	211	will	will	AUX
fbem-16686	105	212	be	be	AUX
fbem-16686	105	213	reduced	reduce	VERB
fbem-16686	105	214	by	by	ADP
fbem-16686	105	215	0.4737	0.4737	NUM
fbem-16686	105	216	units	unit	NOUN
fbem-16686	105	217	,	,	PUNCT
fbem-16686	105	218	while	while	SCONJ
fbem-16686	105	219	the	the	DET
fbem-16686	105	220	central	central	ADJ
fbem-16686	105	221	bank	bank	NOUN
fbem-16686	105	222	relaxes	relax	VERB
fbem-16686	105	223	the	the	DET
fbem-16686	105	224	monetary	monetary	ADJ
fbem-16686	105	225	fund	fund	NOUN
fbem-16686	105	226	to	to	PART
fbem-16686	105	227	inject	inject	VERB
fbem-16686	105	228	liquidity	liquidity	NOUN
fbem-16686	105	229	into	into	ADP
fbem-16686	105	230	the	the	DET
fbem-16686	105	231	market	market	NOUN
fbem-16686	105	232	will	will	AUX
fbem-16686	105	233	stimulate	stimulate	VERB
fbem-16686	105	234	the	the	DET
fbem-16686	105	235	impulse	impulse	NOUN
fbem-16686	105	236	of	of	ADP
fbem-16686	105	237	the	the	DET
fbem-16686	105	238	bank	bank	NOUN
fbem-16686	105	239	's	's	PART
fbem-16686	105	240	credit	credit	NOUN
fbem-16686	105	241	expansion	expansion	NOUN
fbem-16686	105	242	,	,	PUNCT
fbem-16686	105	243	which	which	PRON
fbem-16686	105	244	indicates	indicate	VERB
fbem-16686	105	245	that	that	SCONJ
fbem-16686	105	246	the	the	DET
fbem-16686	105	247	bank	bank	NOUN
fbem-16686	105	248	lending	lending	NOUN
fbem-16686	105	249	channel	channel	NOUN
fbem-16686	105	250	exists	exist	VERB
fbem-16686	105	251	in	in	ADP
fbem-16686	105	252	china	china	PROPN
fbem-16686	105	253	's	's	PART
fbem-16686	105	254	monetary	monetary	ADJ
fbem-16686	105	255	policy	policy	NOUN
fbem-16686	105	256	;	;	PUNCT
fbem-16686	105	257	the	the	DET
fbem-16686	105	258	coefficient	coefficient	NOUN
fbem-16686	105	259	of	of	ADP
fbem-16686	105	260	capital	capital	NOUN
fbem-16686	105	261	adequacy	adequacy	NOUN
fbem-16686	105	262	is	be	AUX
fbem-16686	105	263	positive	positive	ADJ
fbem-16686	105	264	,	,	PUNCT
fbem-16686	105	265	for	for	SCONJ
fbem-16686	105	266	the	the	DET
fbem-16686	105	267	loan	loan	NOUN
fbem-16686	105	268	growth	growth	NOUN
fbem-16686	105	269	rate	rate	NOUN
fbem-16686	105	270	will	will	AUX
fbem-16686	105	271	be	be	AUX
fbem-16686	105	272	slowed	slow	VERB
fbem-16686	105	273	down	down	ADP
fbem-16686	105	274	,	,	PUNCT
fbem-16686	105	275	which	which	PRON
fbem-16686	105	276	indicates	indicate	VERB
fbem-16686	105	277	that	that	SCONJ
fbem-16686	105	278	bank	bank	NOUN
fbem-16686	105	279	credit	credit	NOUN
fbem-16686	105	280	has	have	VERB
fbem-16686	105	281	counter	counter	ADJ
fbem-16686	105	282	-	-	ADJ
fbem-16686	105	283	cyclical	cyclical	ADJ
fbem-16686	105	284	characteristics.𝐶𝐴𝑃	characteristics.𝐶𝐴𝑃	NOUN
fbem-16686	105	285	has	have	VERB
fbem-16686	105	286	a	a	DET
fbem-16686	105	287	positive	positive	ADJ
fbem-16686	105	288	coefficient	coefficient	NOUN
fbem-16686	105	289	,	,	PUNCT
fbem-16686	105	290	which	which	PRON
fbem-16686	105	291	has	have	VERB
fbem-16686	105	292	a	a	DET
fbem-16686	105	293	positive	positive	ADJ
fbem-16686	105	294	effect	effect	NOUN
fbem-16686	105	295	on	on	ADP
fbem-16686	105	296	the	the	DET
fbem-16686	105	297	growth	growth	NOUN
fbem-16686	105	298	rate	rate	NOUN
fbem-16686	105	299	of	of	ADP
fbem-16686	105	300	loans	loan	NOUN
fbem-16686	105	301	,	,	PUNCT
fbem-16686	105	302	and	and	CCONJ
fbem-16686	105	303	as	as	SCONJ
fbem-16686	105	304	the	the	DET
fbem-16686	105	305	capital	capital	NOUN
fbem-16686	105	306	adequacy	adequacy	NOUN
fbem-16686	105	307	ratio	ratio	NOUN
fbem-16686	105	308	of	of	ADP
fbem-16686	105	309	banks	bank	NOUN
fbem-16686	105	310	increases	increase	VERB
fbem-16686	105	311	,	,	PUNCT
fbem-16686	105	312	the	the	DET
fbem-16686	105	313	size	size	NOUN
fbem-16686	105	314	of	of	ADP
fbem-16686	105	315	their	their	PRON
fbem-16686	105	316	loans	loan	NOUN
fbem-16686	105	317	expands	expand	VERB
fbem-16686	105	318	;	;	PUNCT
fbem-16686	105	319	moreover	moreover	ADV
fbem-16686	105	320	,	,	PUNCT
fbem-16686	105	321	the	the	DET
fbem-16686	105	322	coefficient	coefficient	NOUN
fbem-16686	105	323	of	of	ADP
fbem-16686	105	324	the	the	DET
fbem-16686	105	325	interaction	interaction	NOUN
fbem-16686	105	326	term	term	NOUN
fbem-16686	105	327	between	between	ADP
fbem-16686	105	328	the	the	DET
fbem-16686	105	329	level	level	NOUN
fbem-16686	105	330	of	of	ADP
fbem-16686	105	331	capital	capital	NOUN
fbem-16686	105	332	adequacy	adequacy	NOUN
fbem-16686	105	333	and	and	CCONJ
fbem-16686	105	334	monetary	monetary	ADJ
fbem-16686	105	335	policy	policy	NOUN
fbem-16686	105	336	(	(	PUNCT
fbem-16686	105	337	𝐶𝐴𝑃	𝐶𝐴𝑃	PROPN
fbem-16686	105	338	𝑀𝑃	𝑀𝑃	PROPN
fbem-16686	105	339	)	)	PUNCT
fbem-16686	105	340	has	have	VERB
fbem-16686	105	341	a	a	DET
fbem-16686	105	342	coefficient	coefficient	NOUN
fbem-16686	105	343	of	of	ADP
fbem-16686	105	344	-0.3926	-0.3926	NOUN
fbem-16686	105	345	,	,	PUNCT
fbem-16686	105	346	and	and	CCONJ
fbem-16686	105	347	the	the	DET
fbem-16686	105	348	coefficient	coefficient	NOUN
fbem-16686	105	349	of	of	ADP
fbem-16686	105	350	the	the	DET
fbem-16686	105	351	statutory	statutory	PROPN
fbem-16686	105	352	reserve	reserve	PROPN
fbem-16686	105	353	ratio	ratio	NOUN
fbem-16686	105	354	(	(	PUNCT
fbem-16686	105	355	𝑀𝑃	𝑀𝑃	PROPN
fbem-16686	105	356	)	)	PUNCT
fbem-16686	105	357	has	have	VERB
fbem-16686	105	358	a	a	DET
fbem-16686	105	359	coefficient	coefficient	NOUN
fbem-16686	105	360	of	of	ADP
fbem-16686	105	361	-0.4737	-0.4737	NOUN
fbem-16686	105	362	,	,	PUNCT
fbem-16686	105	363	which	which	PRON
fbem-16686	105	364	has	have	VERB
fbem-16686	105	365	the	the	DET
fbem-16686	105	366	same	same	ADJ
fbem-16686	105	367	sign	sign	NOUN
fbem-16686	105	368	and	and	CCONJ
fbem-16686	105	369	is	be	AUX
fbem-16686	105	370	statistically	statistically	ADV
fbem-16686	105	371	significant	significant	ADJ
fbem-16686	105	372	.	.	PUNCT
fbem-16686	106	1	this	this	PRON
fbem-16686	106	2	implies	imply	VERB
fbem-16686	106	3	that	that	SCONJ
fbem-16686	106	4	the	the	DET
fbem-16686	106	5	level	level	NOUN
fbem-16686	106	6	of	of	ADP
fbem-16686	106	7	bank	bank	NOUN
fbem-16686	106	8	capital	capital	NOUN
fbem-16686	106	9	has	have	VERB
fbem-16686	106	10	a	a	DET
fbem-16686	106	11	multiplier	multipli	ADJ
fbem-16686	106	12	amplification	amplification	NOUN
fbem-16686	106	13	effect	effect	NOUN
fbem-16686	106	14	on	on	ADP
fbem-16686	106	15	the	the	DET
fbem-16686	106	16	credit	credit	NOUN
fbem-16686	106	17	channel	channel	NOUN
fbem-16686	106	18	of	of	ADP
fbem-16686	106	19	monetary	monetary	ADJ
fbem-16686	106	20	policy	policy	NOUN
fbem-16686	106	21	,	,	PUNCT
fbem-16686	106	22	and	and	CCONJ
fbem-16686	106	23	that	that	SCONJ
fbem-16686	106	24	the	the	PRON
fbem-16686	106	25	higher	high	ADJ
fbem-16686	106	26	the	the	DET
fbem-16686	106	27	level	level	NOUN
fbem-16686	106	28	of	of	ADP
fbem-16686	106	29	capital	capital	NOUN
fbem-16686	106	30	adequacy	adequacy	NOUN
fbem-16686	106	31	,	,	PUNCT
fbem-16686	106	32	the	the	PRON
fbem-16686	106	33	greater	great	ADJ
fbem-16686	106	34	the	the	DET
fbem-16686	106	35	impact	impact	NOUN
fbem-16686	106	36	of	of	ADP
fbem-16686	106	37	monetary	monetary	ADJ
fbem-16686	106	38	policy	policy	NOUN
fbem-16686	106	39	on	on	ADP
fbem-16686	106	40	commercial	commercial	ADJ
fbem-16686	106	41	banks	bank	NOUN
fbem-16686	106	42	.	.	PUNCT
fbem-16686	107	1	comparing	compare	VERB
fbem-16686	107	2	the	the	DET
fbem-16686	107	3	model	model	NOUN
fbem-16686	107	4	of	of	ADP
fbem-16686	107	5	state	state	NOUN
fbem-16686	107	6	-	-	PUNCT
fbem-16686	107	7	owned	own	VERB
fbem-16686	107	8	large	large	ADJ
fbem-16686	107	9	commercial	commercial	ADJ
fbem-16686	107	10	banks	bank	NOUN
fbem-16686	107	11	and	and	CCONJ
fbem-16686	107	12	the	the	DET
fbem-16686	107	13	model	model	NOUN
fbem-16686	107	14	of	of	ADP
fbem-16686	107	15	joint	joint	ADJ
fbem-16686	107	16	-	-	PUNCT
fbem-16686	107	17	stock	stock	NOUN
fbem-16686	107	18	banks	bank	NOUN
fbem-16686	107	19	,	,	PUNCT
fbem-16686	107	20	the	the	DET
fbem-16686	107	21	capital	capital	NOUN
fbem-16686	107	22	adequacy	adequacy	NOUN
fbem-16686	107	23	coefficients	coefficient	NOUN
fbem-16686	107	24	of	of	ADP
fbem-16686	107	25	the	the	DET
fbem-16686	107	26	former	former	ADJ
fbem-16686	107	27	and	and	CCONJ
fbem-16686	107	28	the	the	DET
fbem-16686	107	29	latter	latter	ADJ
fbem-16686	107	30	are	be	AUX
fbem-16686	107	31	0.0796	0.0796	NUM
fbem-16686	107	32	and	and	CCONJ
fbem-16686	107	33	0.0224	0.0224	NUM
fbem-16686	107	34	,	,	PUNCT
fbem-16686	107	35	respectively	respectively	ADV
fbem-16686	107	36	,	,	PUNCT
fbem-16686	107	37	and	and	CCONJ
fbem-16686	107	38	the	the	DET
fbem-16686	107	39	impact	impact	NOUN
fbem-16686	107	40	of	of	ADP
fbem-16686	107	41	changes	change	NOUN
fbem-16686	107	42	in	in	ADP
fbem-16686	107	43	capital	capital	NOUN
fbem-16686	107	44	adequacy	adequacy	NOUN
fbem-16686	107	45	levels	level	NOUN
fbem-16686	107	46	on	on	ADP
fbem-16686	107	47	state	state	NOUN
fbem-16686	107	48	-	-	PUNCT
fbem-16686	107	49	owned	own	VERB
fbem-16686	107	50	large	large	ADJ
fbem-16686	107	51	commercial	commercial	ADJ
fbem-16686	107	52	banks	bank	NOUN
fbem-16686	107	53	is	be	AUX
fbem-16686	107	54	much	much	ADV
fbem-16686	107	55	larger	large	ADJ
fbem-16686	107	56	than	than	ADP
fbem-16686	107	57	that	that	PRON
fbem-16686	107	58	on	on	ADP
fbem-16686	107	59	joint	joint	ADJ
fbem-16686	107	60	-	-	PUNCT
fbem-16686	107	61	stock	stock	NOUN
fbem-16686	107	62	type	type	NOUN
fbem-16686	107	63	banks	bank	NOUN
fbem-16686	107	64	.	.	PUNCT
fbem-16686	108	1	at	at	ADP
fbem-16686	108	2	the	the	DET
fbem-16686	108	3	same	same	ADJ
fbem-16686	108	4	time	time	NOUN
fbem-16686	108	5	,	,	PUNCT
fbem-16686	108	6	the	the	DET
fbem-16686	108	7	multiplier	multipli	ADJ
fbem-16686	108	8	effect	effect	NOUN
fbem-16686	108	9	of	of	ADP
fbem-16686	108	10	capital	capital	NOUN
fbem-16686	108	11	adequacy	adequacy	NOUN
fbem-16686	108	12	on	on	ADP
fbem-16686	108	13	the	the	DET
fbem-16686	108	14	credit	credit	NOUN
fbem-16686	108	15	channel	channel	NOUN
fbem-16686	108	16	of	of	ADP
fbem-16686	108	17	monetary	monetary	ADJ
fbem-16686	108	18	policy	policy	NOUN
fbem-16686	108	19	is	be	AUX
fbem-16686	108	20	also	also	ADV
fbem-16686	108	21	greater	great	ADJ
fbem-16686	108	22	among	among	ADP
fbem-16686	108	23	large	large	ADJ
fbem-16686	108	24	stateowned	stateowne	VERB
fbem-16686	108	25	banks	bank	NOUN
fbem-16686	108	26	than	than	ADP
fbem-16686	108	27	among	among	ADP
fbem-16686	108	28	joint	joint	ADJ
fbem-16686	108	29	-	-	PUNCT
fbem-16686	108	30	stock	stock	NOUN
fbem-16686	108	31	type	type	NOUN
fbem-16686	108	32	banks	bank	NOUN
fbem-16686	108	33	.	.	PUNCT
fbem-16686	109	1	this	this	PRON
fbem-16686	109	2	suggests	suggest	VERB
fbem-16686	109	3	that	that	SCONJ
fbem-16686	109	4	the	the	DET
fbem-16686	109	5	bank	bank	NOUN
fbem-16686	109	6	lending	lending	NOUN
fbem-16686	109	7	channel	channel	NOUN
fbem-16686	109	8	of	of	ADP
fbem-16686	109	9	monetary	monetary	ADJ
fbem-16686	109	10	policy	policy	NOUN
fbem-16686	109	11	in	in	ADP
fbem-16686	109	12	china	china	PROPN
fbem-16686	109	13	is	be	AUX
fbem-16686	109	14	mainly	mainly	ADV
fbem-16686	109	15	channelled	channel	VERB
fbem-16686	109	16	through	through	ADP
fbem-16686	109	17	large	large	ADJ
fbem-16686	109	18	state	state	NOUN
fbem-16686	109	19	-	-	PUNCT
fbem-16686	109	20	owned	own	VERB
fbem-16686	109	21	banks	bank	NOUN
fbem-16686	109	22	,	,	PUNCT
fbem-16686	109	23	which	which	PRON
fbem-16686	109	24	are	be	AUX
fbem-16686	109	25	more	more	ADV
fbem-16686	109	26	sensitive	sensitive	ADJ
fbem-16686	109	27	to	to	ADP
fbem-16686	109	28	changes	change	NOUN
fbem-16686	109	29	in	in	ADP
fbem-16686	109	30	monetary	monetary	ADJ
fbem-16686	109	31	policy	policy	NOUN
fbem-16686	109	32	under	under	ADP
fbem-16686	109	33	the	the	DET
fbem-16686	109	34	condition	condition	NOUN
fbem-16686	109	35	of	of	ADP
fbem-16686	109	36	capital	capital	NOUN
fbem-16686	109	37	adequacy	adequacy	NOUN
fbem-16686	109	38	constraints	constraint	NOUN
fbem-16686	109	39	.	.	PUNCT
fbem-16686	110	1	this	this	PRON
fbem-16686	110	2	is	be	AUX
fbem-16686	110	3	due	due	ADJ
fbem-16686	110	4	to	to	ADP
fbem-16686	110	5	two	two	NUM
fbem-16686	110	6	reasons	reason	NOUN
fbem-16686	110	7	:	:	PUNCT
fbem-16686	110	8	firstly	firstly	ADV
fbem-16686	110	9	,	,	PUNCT
fbem-16686	110	10	joint	joint	ADJ
fbem-16686	110	11	-	-	PUNCT
fbem-16686	110	12	stock	stock	NOUN
fbem-16686	110	13	commercial	commercial	ADJ
fbem-16686	110	14	banks	bank	NOUN
fbem-16686	110	15	are	be	AUX
fbem-16686	110	16	more	more	ADV
fbem-16686	110	17	flexible	flexible	ADJ
fbem-16686	110	18	and	and	CCONJ
fbem-16686	110	19	have	have	VERB
fbem-16686	110	20	more	more	ADJ
fbem-16686	110	21	ways	way	NOUN
fbem-16686	110	22	and	and	CCONJ
fbem-16686	110	23	means	mean	VERB
fbem-16686	110	24	to	to	PART
fbem-16686	110	25	cushion	cushion	VERB
fbem-16686	110	26	monetary	monetary	ADJ
fbem-16686	110	27	policy	policy	NOUN
fbem-16686	110	28	shocks	shock	NOUN
fbem-16686	110	29	.	.	PUNCT
fbem-16686	111	1	second	second	ADJ
fbem-16686	111	2	,	,	PUNCT
fbem-16686	111	3	large	large	ADJ
fbem-16686	111	4	state	state	NOUN
fbem-16686	111	5	-	-	PUNCT
fbem-16686	111	6	owned	own	VERB
fbem-16686	111	7	commercial	commercial	ADJ
fbem-16686	111	8	banks	bank	NOUN
fbem-16686	111	9	dominate	dominate	VERB
fbem-16686	111	10	the	the	DET
fbem-16686	111	11	credit	credit	NOUN
fbem-16686	111	12	market	market	NOUN
fbem-16686	111	13	in	in	ADP
fbem-16686	111	14	china	china	PROPN
fbem-16686	111	15	,	,	PUNCT
fbem-16686	111	16	so	so	ADV
fbem-16686	111	17	once	once	ADV
fbem-16686	111	18	large	large	ADJ
fbem-16686	111	19	stateowned	stateowne	VERB
fbem-16686	111	20	banks	bank	NOUN
fbem-16686	111	21	are	be	AUX
fbem-16686	111	22	hit	hit	VERB
fbem-16686	111	23	by	by	ADP
fbem-16686	111	24	an	an	DET
fbem-16686	111	25	external	external	ADJ
fbem-16686	111	26	shock	shock	NOUN
fbem-16686	111	27	,	,	PUNCT
fbem-16686	111	28	loan	loan	NOUN
fbem-16686	111	29	supply	supply	NOUN
fbem-16686	111	30	and	and	CCONJ
fbem-16686	111	31	demand	demand	NOUN
fbem-16686	111	32	will	will	AUX
fbem-16686	111	33	play	play	VERB
fbem-16686	111	34	a	a	DET
fbem-16686	111	35	significant	significant	ADJ
fbem-16686	111	36	role	role	NOUN
fbem-16686	111	37	at	at	ADP
fbem-16686	111	38	the	the	DET
fbem-16686	111	39	same	same	ADJ
fbem-16686	111	40	time	time	NOUN
fbem-16686	111	41	.	.	PUNCT
fbem-16686	112	1	this	this	PRON
fbem-16686	112	2	is	be	AUX
fbem-16686	112	3	consistent	consistent	ADJ
fbem-16686	112	4	with	with	ADP
fbem-16686	112	5	the	the	DET
fbem-16686	112	6	findings	finding	NOUN
fbem-16686	112	7	of	of	ADP
fbem-16686	112	8	chen	chen	PROPN
fbem-16686	112	9	weiping	weiping	PROPN
fbem-16686	112	10	and	and	CCONJ
fbem-16686	112	11	zhang	zhang	PROPN
fbem-16686	112	12	na	na	X
fbem-16686	112	13	(	(	PUNCT
fbem-16686	112	14	2019	2019	NUM
fbem-16686	112	15	)	)	PUNCT
fbem-16686	112	16	.	.	PUNCT
fbem-16686	113	1	6	6	X
fbem-16686	113	2	.	.	X
fbem-16686	113	3	conclusions	conclusion	NOUN
fbem-16686	113	4	and	and	CCONJ
fbem-16686	113	5	policy	policy	NOUN
fbem-16686	113	6	recommendations	recommendation	NOUN
fbem-16686	113	7	this	this	DET
fbem-16686	113	8	paper	paper	NOUN
fbem-16686	113	9	focuses	focus	VERB
fbem-16686	113	10	on	on	ADP
fbem-16686	113	11	two	two	NUM
fbem-16686	113	12	questions	question	NOUN
fbem-16686	113	13	:	:	PUNCT
fbem-16686	113	14	first	first	ADV
fbem-16686	113	15	,	,	PUNCT
fbem-16686	113	16	what	what	PRON
fbem-16686	113	17	are	be	AUX
fbem-16686	113	18	the	the	DET
fbem-16686	113	19	effects	effect	NOUN
fbem-16686	113	20	of	of	ADP
fbem-16686	113	21	large	large	ADJ
fbem-16686	113	22	state	state	NOUN
fbem-16686	113	23	-	-	PUNCT
fbem-16686	113	24	owned	own	VERB
fbem-16686	113	25	banks	bank	NOUN
fbem-16686	113	26	and	and	CCONJ
fbem-16686	113	27	joint	joint	ADJ
fbem-16686	113	28	-	-	PUNCT
fbem-16686	113	29	stock	stock	NOUN
fbem-16686	113	30	banks	bank	NOUN
fbem-16686	113	31	on	on	ADP
fbem-16686	113	32	the	the	DET
fbem-16686	113	33	credit	credit	NOUN
fbem-16686	113	34	channel	channel	NOUN
fbem-16686	113	35	of	of	ADP
fbem-16686	113	36	monetary	monetary	ADJ
fbem-16686	113	37	policy	policy	NOUN
fbem-16686	113	38	?	?	PUNCT
fbem-16686	114	1	secondly	secondly	ADV
fbem-16686	114	2	,	,	PUNCT
fbem-16686	114	3	what	what	PRON
fbem-16686	114	4	is	be	AUX
fbem-16686	114	5	the	the	DET
fbem-16686	114	6	effect	effect	NOUN
fbem-16686	114	7	of	of	ADP
fbem-16686	114	8	monetary	monetary	ADJ
fbem-16686	114	9	policy	policy	NOUN
fbem-16686	114	10	when	when	SCONJ
fbem-16686	114	11	it	it	PRON
fbem-16686	114	12	is	be	AUX
fbem-16686	114	13	transmitted	transmit	VERB
fbem-16686	114	14	through	through	ADP
fbem-16686	114	15	the	the	DET
fbem-16686	114	16	credit	credit	NOUN
fbem-16686	114	17	channel	channel	NOUN
fbem-16686	114	18	as	as	SCONJ
fbem-16686	114	19	affected	affect	VERB
fbem-16686	114	20	by	by	ADP
fbem-16686	114	21	the	the	DET
fbem-16686	114	22	capital	capital	NOUN
fbem-16686	114	23	adequacy	adequacy	NOUN
fbem-16686	114	24	ratio	ratio	NOUN
fbem-16686	114	25	?	?	PUNCT
fbem-16686	115	1	to	to	PART
fbem-16686	115	2	answer	answer	VERB
fbem-16686	115	3	these	these	DET
fbem-16686	115	4	two	two	NUM
fbem-16686	115	5	questions	question	NOUN
fbem-16686	115	6	,	,	PUNCT
fbem-16686	115	7	this	this	DET
fbem-16686	115	8	paper	paper	NOUN
fbem-16686	115	9	conducts	conduct	VERB
fbem-16686	115	10	an	an	DET
fbem-16686	115	11	empirical	empirical	ADJ
fbem-16686	115	12	analysis	analysis	NOUN
fbem-16686	115	13	using	use	VERB
fbem-16686	115	14	a	a	DET
fbem-16686	115	15	panel	panel	NOUN
fbem-16686	115	16	data	datum	NOUN
fbem-16686	115	17	model	model	NOUN
fbem-16686	115	18	based	base	VERB
fbem-16686	115	19	on	on	ADP
fbem-16686	115	20	data	datum	NOUN
fbem-16686	115	21	from	from	ADP
fbem-16686	115	22	16	16	NUM
fbem-16686	115	23	listed	list	VERB
fbem-16686	115	24	commercial	commercial	ADJ
fbem-16686	115	25	banks	bank	NOUN
fbem-16686	115	26	from	from	ADP
fbem-16686	115	27	2004	2004	NUM
fbem-16686	115	28	-	-	SYM
fbem-16686	115	29	2019	2019	NUM
fbem-16686	115	30	.	.	PUNCT
fbem-16686	116	1	the	the	DET
fbem-16686	116	2	results	result	NOUN
fbem-16686	116	3	show	show	VERB
fbem-16686	116	4	that	that	SCONJ
fbem-16686	116	5	the	the	DET
fbem-16686	116	6	bank	bank	NOUN
fbem-16686	116	7	lending	lending	NOUN
fbem-16686	116	8	channel	channel	NOUN
fbem-16686	116	9	of	of	ADP
fbem-16686	116	10	monetary	monetary	ADJ
fbem-16686	116	11	policy	policy	NOUN
fbem-16686	116	12	exists	exist	VERB
fbem-16686	116	13	in	in	ADP
fbem-16686	116	14	china	china	PROPN
fbem-16686	116	15	and	and	CCONJ
fbem-16686	116	16	is	be	AUX
fbem-16686	116	17	mainly	mainly	ADV
fbem-16686	116	18	transmitted	transmit	VERB
fbem-16686	116	19	through	through	ADP
fbem-16686	116	20	large	large	ADJ
fbem-16686	116	21	state	state	NOUN
fbem-16686	116	22	-	-	PUNCT
fbem-16686	116	23	owned	own	VERB
fbem-16686	116	24	banks	bank	NOUN
fbem-16686	116	25	.	.	PUNCT
fbem-16686	117	1	differences	difference	NOUN
fbem-16686	117	2	in	in	ADP
fbem-16686	117	3	capital	capital	NOUN
fbem-16686	117	4	adequacy	adequacy	NOUN
fbem-16686	117	5	levels	level	NOUN
fbem-16686	117	6	lead	lead	VERB
fbem-16686	117	7	to	to	ADP
fbem-16686	117	8	heterogeneous	heterogeneous	ADJ
fbem-16686	117	9	effects	effect	NOUN
fbem-16686	117	10	of	of	ADP
fbem-16686	117	11	the	the	DET
fbem-16686	117	12	bank	bank	NOUN
fbem-16686	117	13	lending	lending	NOUN
fbem-16686	117	14	channel	channel	NOUN
fbem-16686	117	15	of	of	ADP
fbem-16686	117	16	monetary	monetary	ADJ
fbem-16686	117	17	policy	policy	NOUN
fbem-16686	117	18	on	on	ADP
fbem-16686	117	19	the	the	DET
fbem-16686	117	20	banking	banking	NOUN
fbem-16686	117	21	sector	sector	NOUN
fbem-16686	117	22	,	,	PUNCT
fbem-16686	117	23	with	with	ADP
fbem-16686	117	24	large	large	ADJ
fbem-16686	117	25	state	state	NOUN
fbem-16686	117	26	-	-	PUNCT
fbem-16686	117	27	owned	own	VERB
fbem-16686	117	28	banks	bank	NOUN
fbem-16686	117	29	with	with	ADP
fbem-16686	117	30	high	high	ADJ
fbem-16686	117	31	capital	capital	NOUN
fbem-16686	117	32	adequacy	adequacy	NOUN
fbem-16686	117	33	levels	level	NOUN
fbem-16686	117	34	being	be	AUX
fbem-16686	117	35	more	more	ADV
fbem-16686	117	36	sensitive	sensitive	ADJ
fbem-16686	117	37	to	to	ADP
fbem-16686	117	38	monetary	monetary	ADJ
fbem-16686	117	39	policy	policy	NOUN
fbem-16686	117	40	,	,	PUNCT
fbem-16686	117	41	while	while	SCONJ
fbem-16686	117	42	monetary	monetary	ADJ
fbem-16686	117	43	policy	policy	NOUN
fbem-16686	117	44	causes	cause	VERB
fbem-16686	117	45	less	less	ADJ
fbem-16686	117	46	external	external	ADJ
fbem-16686	117	47	shocks	shock	NOUN
fbem-16686	117	48	to	to	ADP
fbem-16686	117	49	joint	joint	ADJ
fbem-16686	117	50	-	-	PUNCT
fbem-16686	117	51	stock	stock	NOUN
fbem-16686	117	52	commercial	commercial	ADJ
fbem-16686	117	53	banks	bank	NOUN
fbem-16686	117	54	with	with	ADP
fbem-16686	117	55	lower	low	ADJ
fbem-16686	117	56	capital	capital	NOUN
fbem-16686	117	57	adequacy	adequacy	NOUN
fbem-16686	117	58	levels	level	NOUN
fbem-16686	117	59	.	.	PUNCT
fbem-16686	118	1	at	at	ADP
fbem-16686	118	2	the	the	DET
fbem-16686	118	3	same	same	ADJ
fbem-16686	118	4	time	time	NOUN
fbem-16686	118	5	,	,	PUNCT
fbem-16686	118	6	faced	face	VERB
fbem-16686	118	7	with	with	ADP
fbem-16686	118	8	the	the	DET
fbem-16686	118	9	same	same	ADJ
fbem-16686	118	10	capital	capital	NOUN
fbem-16686	118	11	constraints	constraint	NOUN
fbem-16686	118	12	,	,	PUNCT
fbem-16686	118	13	the	the	DET
fbem-16686	118	14	multiplier	multipli	ADJ
fbem-16686	118	15	effect	effect	NOUN
fbem-16686	118	16	of	of	ADP
fbem-16686	118	17	the	the	DET
fbem-16686	118	18	credit	credit	NOUN
fbem-16686	118	19	channel	channel	NOUN
fbem-16686	118	20	of	of	ADP
fbem-16686	118	21	monetary	monetary	ADJ
fbem-16686	118	22	policy	policy	NOUN
fbem-16686	118	23	transmission	transmission	NOUN
fbem-16686	118	24	through	through	ADP
fbem-16686	118	25	joint	joint	ADJ
fbem-16686	118	26	-	-	PUNCT
fbem-16686	118	27	stock	stock	NOUN
fbem-16686	118	28	commercial	commercial	ADJ
fbem-16686	118	29	banks	bank	NOUN
fbem-16686	118	30	is	be	AUX
fbem-16686	118	31	much	much	ADV
fbem-16686	118	32	smaller	small	ADJ
fbem-16686	118	33	than	than	ADP
fbem-16686	118	34	that	that	PRON
fbem-16686	118	35	of	of	ADP
fbem-16686	118	36	large	large	ADJ
fbem-16686	118	37	state	state	NOUN
fbem-16686	118	38	-	-	PUNCT
fbem-16686	118	39	owned	own	VERB
fbem-16686	118	40	banks	bank	NOUN
fbem-16686	118	41	.	.	PUNCT
fbem-16686	119	1	173	173	NUM
fbem-16686	119	2	to	to	PART
fbem-16686	119	3	sum	sum	VERB
fbem-16686	119	4	up	up	ADP
fbem-16686	119	5	,	,	PUNCT
fbem-16686	119	6	this	this	DET
fbem-16686	119	7	paper	paper	NOUN
fbem-16686	119	8	puts	put	VERB
fbem-16686	119	9	forward	forward	ADV
fbem-16686	119	10	three	three	NUM
fbem-16686	119	11	suggestions	suggestion	NOUN
fbem-16686	119	12	:	:	PUNCT
fbem-16686	119	13	firstly	firstly	ADV
fbem-16686	119	14	,	,	PUNCT
fbem-16686	119	15	dredging	dredge	VERB
fbem-16686	119	16	the	the	DET
fbem-16686	119	17	credit	credit	NOUN
fbem-16686	119	18	channel	channel	NOUN
fbem-16686	119	19	of	of	ADP
fbem-16686	119	20	monetary	monetary	ADJ
fbem-16686	119	21	policy	policy	NOUN
fbem-16686	119	22	transmission	transmission	NOUN
fbem-16686	119	23	,	,	PUNCT
fbem-16686	119	24	the	the	DET
fbem-16686	119	25	regulator	regulator	NOUN
fbem-16686	119	26	should	should	AUX
fbem-16686	119	27	strictly	strictly	ADV
fbem-16686	119	28	follow	follow	VERB
fbem-16686	119	29	the	the	DET
fbem-16686	119	30	basel	basel	PROPN
fbem-16686	119	31	iii	iii	PROPN
fbem-16686	119	32	agreement	agreement	NOUN
fbem-16686	119	33	to	to	PART
fbem-16686	119	34	supervise	supervise	VERB
fbem-16686	119	35	and	and	CCONJ
fbem-16686	119	36	evaluate	evaluate	VERB
fbem-16686	119	37	the	the	DET
fbem-16686	119	38	business	business	NOUN
fbem-16686	119	39	activities	activity	NOUN
fbem-16686	119	40	of	of	ADP
fbem-16686	119	41	commercial	commercial	ADJ
fbem-16686	119	42	banks	bank	NOUN
fbem-16686	119	43	,	,	PUNCT
fbem-16686	119	44	improve	improve	VERB
fbem-16686	119	45	the	the	DET
fbem-16686	119	46	risk	risk	NOUN
fbem-16686	119	47	management	management	NOUN
fbem-16686	119	48	system	system	NOUN
fbem-16686	119	49	,	,	PUNCT
fbem-16686	119	50	increase	increase	VERB
fbem-16686	119	51	the	the	DET
fbem-16686	119	52	intensity	intensity	NOUN
fbem-16686	119	53	of	of	ADP
fbem-16686	119	54	audit	audit	NOUN
fbem-16686	119	55	work	work	NOUN
fbem-16686	119	56	,	,	PUNCT
fbem-16686	119	57	focus	focus	VERB
fbem-16686	119	58	on	on	ADP
fbem-16686	119	59	the	the	DET
fbem-16686	119	60	disposal	disposal	NOUN
fbem-16686	119	61	of	of	ADP
fbem-16686	119	62	risky	risky	ADJ
fbem-16686	119	63	assets	asset	NOUN
fbem-16686	119	64	by	by	ADP
fbem-16686	119	65	large	large	ADJ
fbem-16686	119	66	state	state	NOUN
fbem-16686	119	67	-	-	PUNCT
fbem-16686	119	68	owned	own	VERB
fbem-16686	119	69	banks	bank	NOUN
fbem-16686	119	70	,	,	PUNCT
fbem-16686	119	71	and	and	CCONJ
fbem-16686	119	72	regulate	regulate	VERB
fbem-16686	119	73	the	the	DET
fbem-16686	119	74	behavior	behavior	NOUN
fbem-16686	119	75	of	of	ADP
fbem-16686	119	76	the	the	DET
fbem-16686	119	77	joint	joint	ADJ
fbem-16686	119	78	-	-	PUNCT
fbem-16686	119	79	stock	stock	NOUN
fbem-16686	119	80	commercial	commercial	ADJ
fbem-16686	119	81	banks	bank	NOUN
fbem-16686	119	82	in	in	ADP
fbem-16686	119	83	expanding	expand	VERB
fbem-16686	119	84	the	the	DET
fbem-16686	119	85	scale	scale	NOUN
fbem-16686	119	86	of	of	ADP
fbem-16686	119	87	their	their	PRON
fbem-16686	119	88	assets	asset	NOUN
fbem-16686	119	89	through	through	ADP
fbem-16686	119	90	financial	financial	ADJ
fbem-16686	119	91	innovations	innovation	NOUN
fbem-16686	119	92	.	.	PUNCT
fbem-16686	120	1	second	second	ADV
fbem-16686	120	2	,	,	PUNCT
fbem-16686	120	3	weighing	weigh	VERB
fbem-16686	120	4	commercial	commercial	ADJ
fbem-16686	120	5	bank	bank	NOUN
fbem-16686	120	6	supervision	supervision	NOUN
fbem-16686	120	7	methods	method	NOUN
fbem-16686	120	8	and	and	CCONJ
fbem-16686	120	9	macro	macro	ADJ
fbem-16686	120	10	-	-	NOUN
fbem-16686	120	11	control	control	NOUN
fbem-16686	120	12	tools	tool	NOUN
fbem-16686	120	13	,	,	PUNCT
fbem-16686	120	14	as	as	SCONJ
fbem-16686	120	15	capital	capital	NOUN
fbem-16686	120	16	adequacy	adequacy	NOUN
fbem-16686	120	17	has	have	VERB
fbem-16686	120	18	a	a	DET
fbem-16686	120	19	multiplier	multipli	ADJ
fbem-16686	120	20	amplification	amplification	NOUN
fbem-16686	120	21	effect	effect	NOUN
fbem-16686	120	22	on	on	ADP
fbem-16686	120	23	the	the	DET
fbem-16686	120	24	credit	credit	NOUN
fbem-16686	120	25	transmission	transmission	NOUN
fbem-16686	120	26	channel	channel	NOUN
fbem-16686	120	27	of	of	ADP
fbem-16686	120	28	monetary	monetary	ADJ
fbem-16686	120	29	policy	policy	NOUN
fbem-16686	120	30	when	when	SCONJ
fbem-16686	120	31	the	the	DET
fbem-16686	120	32	central	central	ADJ
fbem-16686	120	33	bank	bank	NOUN
fbem-16686	120	34	injects	inject	VERB
fbem-16686	120	35	liquidity	liquidity	NOUN
fbem-16686	120	36	into	into	ADP
fbem-16686	120	37	the	the	DET
fbem-16686	120	38	market	market	NOUN
fbem-16686	120	39	,	,	PUNCT
fbem-16686	120	40	it	it	PRON
fbem-16686	120	41	should	should	AUX
fbem-16686	120	42	also	also	ADV
fbem-16686	120	43	take	take	VERB
fbem-16686	120	44	into	into	ADP
fbem-16686	120	45	account	account	NOUN
fbem-16686	120	46	the	the	DET
fbem-16686	120	47	regulator	regulator	NOUN
fbem-16686	120	48	's	's	PART
fbem-16686	120	49	requirement	requirement	NOUN
fbem-16686	120	50	of	of	ADP
fbem-16686	120	51	minimum	minimum	ADJ
fbem-16686	120	52	capital	capital	NOUN
fbem-16686	120	53	adequacy	adequacy	NOUN
fbem-16686	120	54	for	for	ADP
fbem-16686	120	55	commercial	commercial	ADJ
fbem-16686	120	56	banks	bank	NOUN
fbem-16686	120	57	.	.	PUNCT
fbem-16686	121	1	third	third	ADJ
fbem-16686	121	2	,	,	PUNCT
fbem-16686	121	3	large	large	ADJ
fbem-16686	121	4	stateowned	stateowne	VERB
fbem-16686	121	5	banks	bank	NOUN
fbem-16686	121	6	should	should	AUX
fbem-16686	121	7	accelerate	accelerate	VERB
fbem-16686	121	8	the	the	DET
fbem-16686	121	9	innovation	innovation	NOUN
fbem-16686	121	10	of	of	ADP
fbem-16686	121	11	their	their	PRON
fbem-16686	121	12	service	service	NOUN
fbem-16686	121	13	models	model	NOUN
fbem-16686	121	14	,	,	PUNCT
fbem-16686	121	15	iron	iron	VERB
fbem-16686	121	16	out	out	ADP
fbem-16686	121	17	the	the	DET
fbem-16686	121	18	external	external	ADJ
fbem-16686	121	19	shocks	shock	NOUN
fbem-16686	121	20	brought	bring	VERB
fbem-16686	121	21	about	about	ADP
fbem-16686	121	22	by	by	ADP
fbem-16686	121	23	monetary	monetary	ADJ
fbem-16686	121	24	policy	policy	NOUN
fbem-16686	121	25	by	by	ADP
fbem-16686	121	26	enhancing	enhance	VERB
fbem-16686	121	27	their	their	PRON
fbem-16686	121	28	core	core	NOUN
fbem-16686	121	29	competitiveness	competitiveness	NOUN
fbem-16686	121	30	,	,	PUNCT
fbem-16686	121	31	and	and	CCONJ
fbem-16686	121	32	improve	improve	VERB
fbem-16686	121	33	their	their	PRON
fbem-16686	121	34	operational	operational	ADJ
fbem-16686	121	35	stability	stability	NOUN
fbem-16686	121	36	.	.	PUNCT
fbem-16686	122	1	references	reference	NOUN
fbem-16686	122	2	[	[	X
fbem-16686	122	3	1	1	X
fbem-16686	122	4	]	]	X
fbem-16686	122	5	vanden	vanden	PROPN
fbem-16686	122	6	heuvel	heuvel	PROPN
fbem-16686	122	7	s	s	PROPN
fbem-16686	122	8	j.	j.	PROPN
fbem-16686	122	9	the	the	DET
fbem-16686	122	10	bank	bank	PROPN
fbem-16686	122	11	capital	capital	PROPN
fbem-16686	122	12	channel	channel	NOUN
fbem-16686	122	13	of	of	ADP
fbem-16686	122	14	monetary	monetary	ADJ
fbem-16686	122	15	policy	policy	NOUN
fbem-16686	123	1	[	[	X
fbem-16686	123	2	r	r	X
fbem-16686	123	3	]	]	X
fbem-16686	123	4	.	.	PUNCT
fbem-16686	124	1	the	the	DET
fbem-16686	124	2	wharton	wharton	PROPN
fbem-16686	124	3	school	school	PROPN
fbem-16686	124	4	,	,	PUNCT
fbem-16686	124	5	university	university	NOUN
fbem-16686	124	6	of	of	ADP
fbem-16686	124	7	pennsylvania	pennsylvania	PROPN
fbem-16686	124	8	,	,	PUNCT
fbem-16686	124	9	mimeo	mimeo	NOUN
fbem-16686	124	10	,	,	PUNCT
fbem-16686	124	11	2002	2002	NUM
fbem-16686	124	12	.	.	PUNCT
fbem-16686	125	1	[	[	X
fbem-16686	125	2	2	2	X
fbem-16686	125	3	]	]	X
fbem-16686	125	4	kishan	kishan	PROPN
fbem-16686	125	5	r	r	PROPN
fbem-16686	125	6	p	p	PROPN
fbem-16686	125	7	,	,	PUNCT
fbem-16686	125	8	opiela	opiela	ADP
fbem-16686	125	9	t	t	PROPN
fbem-16686	125	10	p.	p.	PROPN
fbem-16686	125	11	bank	bank	PROPN
fbem-16686	125	12	size	size	NOUN
fbem-16686	125	13	,	,	PUNCT
fbem-16686	125	14	bank	bank	NOUN
fbem-16686	125	15	capital	capital	NOUN
fbem-16686	125	16	,	,	PUNCT
fbem-16686	125	17	and	and	CCONJ
fbem-16686	125	18	the	the	DET
fbem-16686	125	19	bank	bank	NOUN
fbem-16686	125	20	lending	lending	NOUN
fbem-16686	125	21	channel[j	channel[j	PROPN
fbem-16686	125	22	]	]	PUNCT
fbem-16686	125	23	.	.	PUNCT
fbem-16686	126	1	journal	journal	PROPN
fbem-16686	126	2	of	of	ADP
fbem-16686	126	3	money	money	NOUN
fbem-16686	126	4	,	,	PUNCT
fbem-16686	126	5	credit	credit	NOUN
fbem-16686	126	6	and	and	CCONJ
fbem-16686	126	7	banking	banking	NOUN
fbem-16686	126	8	,	,	PUNCT
fbem-16686	126	9	2000	2000	NUM
fbem-16686	126	10	:	:	PUNCT
fbem-16686	126	11	121	121	NUM
fbem-16686	126	12	-	-	SYM
fbem-16686	126	13	141	141	NUM
fbem-16686	126	14	.	.	PUNCT
fbem-16686	127	1	[	[	X
fbem-16686	127	2	3	3	X
fbem-16686	127	3	]	]	PUNCT
fbem-16686	127	4	gambacorata	gambacorata	NOUN
fbem-16686	127	5	l	l	NOUN
fbem-16686	127	6	,	,	PUNCT
fbem-16686	127	7	mistrulli	mistrulli	NOUN
fbem-16686	127	8	p	p	PROPN
fbem-16686	127	9	e.	e.	PROPN
fbem-16686	127	10	does	do	AUX
fbem-16686	127	11	bank	bank	PROPN
fbem-16686	127	12	capital	capital	NOUN
fbem-16686	127	13	affect	affect	VERB
fbem-16686	127	14	lending	lending	NOUN
fbem-16686	127	15	behaviour	behaviour	NOUN
fbem-16686	127	16	?	?	PUNCT
fbem-16686	128	1	[	[	X
fbem-16686	128	2	j	j	X
fbem-16686	128	3	]	]	X
fbem-16686	128	4	.	.	PUNCT
fbem-16686	129	1	journal	journal	PROPN
fbem-16686	129	2	of	of	ADP
fbem-16686	129	3	financial	financial	ADJ
fbem-16686	129	4	intermediation	intermediation	NOUN
fbem-16686	129	5	,	,	PUNCT
fbem-16686	129	6	2004	2004	NUM
fbem-16686	129	7	,	,	PUNCT
fbem-16686	129	8	13(4	13(4	NUM
fbem-16686	129	9	):	):	PUNCT
fbem-16686	129	10	436	436	NUM
fbem-16686	129	11	-	-	SYM
fbem-16686	129	12	457	457	NUM
fbem-16686	129	13	.	.	PUNCT
fbem-16686	130	1	[	[	X
fbem-16686	130	2	4	4	NUM
fbem-16686	130	3	]	]	X
fbem-16686	130	4	li	li	PROPN
fbem-16686	130	5	yang	yang	PROPN
fbem-16686	130	6	,	,	PUNCT
fbem-16686	130	7	peng	peng	PROPN
fbem-16686	130	8	xingyun	xingyun	PROPN
fbem-16686	130	9	.	.	PUNCT
fbem-16686	131	1	monetary	monetary	ADJ
fbem-16686	131	2	policy	policy	NOUN
fbem-16686	131	3	effects	effect	NOUN
fbem-16686	131	4	of	of	ADP
fbem-16686	131	5	deposit	deposit	NOUN
fbem-16686	131	6	reserve	reserve	NOUN
fbem-16686	131	7	and	and	CCONJ
fbem-16686	131	8	capital	capital	NOUN
fbem-16686	131	9	adequacy	adequacy	NOUN
fbem-16686	131	10	regulation[j	regulation[j	PROPN
fbem-16686	131	11	]	]	PUNCT
fbem-16686	131	12	.	.	PUNCT
fbem-16686	132	1	financial	financial	ADJ
fbem-16686	132	2	theory	theory	NOUN
fbem-16686	132	3	and	and	CCONJ
fbem-16686	132	4	practice	practice	NOUN
fbem-16686	132	5	,	,	PUNCT
fbem-16686	132	6	2005(03):11	2005(03):11	NUM
fbem-16686	132	7	-	-	SYM
fbem-16686	132	8	17	17	NUM
fbem-16686	132	9	.	.	PUNCT
fbem-16686	133	1	[	[	X
fbem-16686	133	2	5	5	NUM
fbem-16686	133	3	]	]	SYM
fbem-16686	133	4	hu	hu	PROPN
fbem-16686	133	5	ying	ying	PROPN
fbem-16686	133	6	,	,	PUNCT
fbem-16686	133	7	zhong	zhong	PROPN
fbem-16686	133	8	wei	wei	PROPN
fbem-16686	133	9	-	-	PROPN
fbem-16686	133	10	zhou	zhou	PROPN
fbem-16686	133	11	.	.	PUNCT
fbem-16686	133	12	capital	capital	NOUN
fbem-16686	133	13	adequacy	adequacy	NOUN
fbem-16686	133	14	ratio	ratio	NOUN
fbem-16686	133	15	,	,	PUNCT
fbem-16686	133	16	reserve	reserve	NOUN
fbem-16686	133	17	ratio	ratio	NOUN
fbem-16686	133	18	and	and	CCONJ
fbem-16686	133	19	monetary	monetary	ADJ
fbem-16686	133	20	policy	policy	NOUN
fbem-16686	133	21	bank	bank	NOUN
fbem-16686	133	22	credit	credit	NOUN
fbem-16686	133	23	transmission	transmission	NOUN
fbem-16686	133	24	an	an	DET
fbem-16686	133	25	analysis	analysis	NOUN
fbem-16686	133	26	based	base	VERB
fbem-16686	133	27	on	on	ADP
fbem-16686	133	28	the	the	DET
fbem-16686	133	29	market	market	NOUN
fbem-16686	133	30	structure	structure	NOUN
fbem-16686	133	31	of	of	ADP
fbem-16686	133	32	banking	banking	NOUN
fbem-16686	133	33	sector[j	sector[j	NOUN
fbem-16686	133	34	]	]	PUNCT
fbem-16686	133	35	.	.	PUNCT
fbem-16686	134	1	nankai	nankai	PROPN
fbem-16686	134	2	economic	economic	ADJ
fbem-16686	134	3	research	research	NOUN
fbem-16686	134	4	,	,	PUNCT
fbem-16686	134	5	2010(01):128	2010(01):128	NUM
fbem-16686	134	6	-	-	SYM
fbem-16686	134	7	139	139	NUM
fbem-16686	134	8	.	.	PUNCT
fbem-16686	135	1	[	[	X
fbem-16686	135	2	6	6	NUM
fbem-16686	135	3	]	]	X
fbem-16686	135	4	chen	chen	PROPN
fbem-16686	135	5	longteng	longteng	PROPN
fbem-16686	135	6	,	,	PUNCT
fbem-16686	135	7	he	he	PRON
fbem-16686	135	8	jianyong	jianyong	PROPN
fbem-16686	135	9	.	.	PUNCT
fbem-16686	136	1	capital	capital	NOUN
fbem-16686	136	2	regulation	regulation	NOUN
fbem-16686	136	3	,	,	PUNCT
fbem-16686	136	4	risk	risk	NOUN
fbem-16686	136	5	taking	taking	NOUN
fbem-16686	136	6	and	and	CCONJ
fbem-16686	136	7	monetary	monetary	ADJ
fbem-16686	136	8	policy	policy	NOUN
fbem-16686	136	9	transmission	transmission	NOUN
fbem-16686	136	10	mechanism	mechanism	NOUN
fbem-16686	136	11	--	--	PUNCT
fbem-16686	136	12	research	research	NOUN
fbem-16686	136	13	review	review	NOUN
fbem-16686	136	14	and	and	CCONJ
fbem-16686	136	15	prospects[j	prospects[j	PROPN
fbem-16686	136	16	]	]	PUNCT
fbem-16686	136	17	.	.	PUNCT
fbem-16686	137	1	taxation	taxation	NOUN
fbem-16686	137	2	and	and	CCONJ
fbem-16686	137	3	economics	economic	NOUN
fbem-16686	137	4	,	,	PUNCT
fbem-16686	137	5	2011	2011	NUM
fbem-16686	137	6	(	(	PUNCT
fbem-16686	137	7	02	02	NUM
fbem-16686	137	8	):	):	PUNCT
fbem-16686	137	9	1	1	NUM
fbem-16686	137	10	-	-	SYM
fbem-16686	137	11	7	7	NUM
fbem-16686	137	12	.	.	PUNCT
fbem-16686	138	1	[	[	X
fbem-16686	138	2	7	7	X
fbem-16686	138	3	]	]	X
fbem-16686	138	4	huang	huang	PROPN
fbem-16686	138	5	xian	xian	PROPN
fbem-16686	138	6	,	,	PUNCT
fbem-16686	138	7	wang	wang	PROPN
fbem-16686	138	8	lulu	lulu	PROPN
fbem-16686	138	9	,	,	PUNCT
fbem-16686	138	10	ma	ma	PROPN
fbem-16686	138	11	li	li	PROPN
fbem-16686	138	12	,	,	PUNCT
fbem-16686	138	13	dai	dai	PROPN
fbem-16686	138	14	junxun	junxun	PROPN
fbem-16686	138	15	.	.	PUNCT
fbem-16686	138	16	does	do	AUX
fbem-16686	138	17	monetary	monetary	ADJ
fbem-16686	138	18	policy	policy	NOUN
fbem-16686	138	19	operation	operation	NOUN
fbem-16686	138	20	need	need	VERB
fbem-16686	138	21	to	to	PART
fbem-16686	138	22	consider	consider	VERB
fbem-16686	138	23	bank	bank	NOUN
fbem-16686	138	24	capital	capital	NOUN
fbem-16686	138	25	regulation[j	regulation[j	PROPN
fbem-16686	138	26	]	]	PUNCT
fbem-16686	138	27	.	.	PUNCT
fbem-16686	139	1	financial	financial	ADJ
fbem-16686	139	2	research,2012(04):17	research,2012(04):17	NOUN
fbem-16686	139	3	-	-	PUNCT
fbem-16686	139	4	31	31	NUM
fbem-16686	139	5	.	.	PUNCT
fbem-16686	140	1	[	[	X
fbem-16686	140	2	8	8	NUM
fbem-16686	140	3	]	]	PUNCT
fbem-16686	140	4	lulu	lulu	PROPN
fbem-16686	140	5	wang	wang	PROPN
fbem-16686	140	6	.	.	PUNCT
fbem-16686	141	1	a	a	DET
fbem-16686	141	2	review	review	NOUN
fbem-16686	141	3	of	of	ADP
fbem-16686	141	4	research	research	NOUN
fbem-16686	141	5	on	on	ADP
fbem-16686	141	6	the	the	DET
fbem-16686	141	7	impact	impact	NOUN
fbem-16686	141	8	of	of	ADP
fbem-16686	141	9	bank	bank	NOUN
fbem-16686	141	10	capital	capital	NOUN
fbem-16686	141	11	adequacy	adequacy	NOUN
fbem-16686	141	12	regulation	regulation	NOUN
fbem-16686	141	13	on	on	ADP
fbem-16686	141	14	macroeconomic	macroeconomic	ADJ
fbem-16686	141	15	performance[j	performance[j	NOUN
fbem-16686	141	16	]	]	PUNCT
fbem-16686	141	17	.	.	PUNCT
fbem-16686	142	1	wuhan	wuhan	PROPN
fbem-16686	142	2	finance	finance	PROPN
fbem-16686	142	3	,	,	PUNCT
fbem-16686	142	4	2013	2013	NUM
fbem-16686	142	5	(	(	PUNCT
fbem-16686	142	6	02):37	02):37	NUM
fbem-16686	142	7	-	-	SYM
fbem-16686	142	8	40	40	NUM
fbem-16686	142	9	+	+	NOUN
fbem-16686	142	10	50	50	NUM
fbem-16686	142	11	.	.	PUNCT
fbem-16686	143	1	[	[	X
fbem-16686	143	2	9	9	NUM
fbem-16686	143	3	]	]	X
fbem-16686	143	4	wang	wang	PROPN
fbem-16686	143	5	zhouwei	zhouwei	PROPN
fbem-16686	143	6	,	,	PUNCT
fbem-16686	143	7	wang	wang	PROPN
fbem-16686	143	8	heng	heng	PROPN
fbem-16686	143	9	.	.	PUNCT
fbem-16686	144	1	monetary	monetary	ADJ
fbem-16686	144	2	policy	policy	NOUN
fbem-16686	144	3	,	,	PUNCT
fbem-16686	144	4	bank	bank	NOUN
fbem-16686	144	5	heterogeneity	heterogeneity	NOUN
fbem-16686	144	6	and	and	CCONJ
fbem-16686	144	7	liquidity	liquidity	NOUN
fbem-16686	144	8	creation	creation	NOUN
fbem-16686	144	9	-	-	PUNCT
fbem-16686	144	10	a	a	DET
fbem-16686	144	11	dynamic	dynamic	ADJ
fbem-16686	144	12	panel	panel	NOUN
fbem-16686	144	13	data	data	VERB
fbem-16686	144	14	analysis	analysis	NOUN
fbem-16686	144	15	based	base	VERB
fbem-16686	144	16	on	on	ADP
fbem-16686	144	17	the	the	DET
fbem-16686	144	18	chinese	chinese	ADJ
fbem-16686	144	19	banking	banking	NOUN
fbem-16686	144	20	sector[j	sector[j	NOUN
fbem-16686	144	21	]	]	PUNCT
fbem-16686	144	22	.	.	PUNCT
fbem-16686	145	1	international	international	ADJ
fbem-16686	145	2	finance	finance	NOUN
fbem-16686	145	3	research	research	NOUN
fbem-16686	145	4	,	,	PUNCT
fbem-16686	145	5	2016	2016	NUM
fbem-16686	145	6	(	(	PUNCT
fbem-16686	145	7	02	02	NUM
fbem-16686	145	8	):	):	PUNCT
fbem-16686	145	9	52	52	NUM
fbem-16686	145	10	-	-	SYM
fbem-16686	145	11	65	65	NUM
fbem-16686	145	12	.	.	PUNCT
fbem-16686	146	1	[	[	X
fbem-16686	146	2	10	10	NUM
fbem-16686	146	3	]	]	X
fbem-16686	146	4	xin	xin	PROPN
fbem-16686	146	5	wang	wang	PROPN
fbem-16686	146	6	,	,	PUNCT
fbem-16686	146	7	the	the	DET
fbem-16686	146	8	impact	impact	NOUN
fbem-16686	146	9	of	of	ADP
fbem-16686	146	10	bank	bank	NOUN
fbem-16686	146	11	capital	capital	NOUN
fbem-16686	146	12	adequacy	adequacy	NOUN
fbem-16686	146	13	on	on	ADP
fbem-16686	146	14	the	the	DET
fbem-16686	146	15	transmission	transmission	NOUN
fbem-16686	146	16	mechanism	mechanism	NOUN
fbem-16686	146	17	of	of	ADP
fbem-16686	146	18	monetary	monetary	ADJ
fbem-16686	146	19	policy[j	policy[j	NOUN
fbem-16686	146	20	]	]	PUNCT
fbem-16686	146	21	.	.	PUNCT
fbem-16686	147	1	times	times	PROPN
fbem-16686	147	2	finance	finance	PROPN
fbem-16686	147	3	,	,	PUNCT
fbem-16686	147	4	2018	2018	NUM
fbem-16686	147	5	(	(	PUNCT
fbem-16686	147	6	33	33	NUM
fbem-16686	147	7	):	):	PUNCT
fbem-16686	147	8	86	86	NUM
fbem-16686	147	9	-	-	SYM
fbem-16686	147	10	88	88	NUM
fbem-16686	147	11	.	.	PUNCT
fbem-16686	148	1	[	[	X
fbem-16686	148	2	11	11	NUM
fbem-16686	148	3	]	]	X
fbem-16686	148	4	guan	guan	PROPN
fbem-16686	148	5	yanfeng	yanfeng	PROPN
fbem-16686	148	6	,	,	PUNCT
fbem-16686	148	7	xu	xu	PROPN
fbem-16686	148	8	qili	qili	NOUN
fbem-16686	148	9	.	.	PUNCT
fbem-16686	149	1	capital	capital	NOUN
fbem-16686	149	2	constraints	constraint	NOUN
fbem-16686	149	3	,	,	PUNCT
fbem-16686	149	4	monetary	monetary	ADJ
fbem-16686	149	5	policy	policy	NOUN
fbem-16686	149	6	and	and	CCONJ
fbem-16686	149	7	credit	credit	NOUN
fbem-16686	149	8	risk[j	risk[j	NOUN
fbem-16686	149	9	]	]	PUNCT
fbem-16686	149	10	.	.	PUNCT
fbem-16686	150	1	economic	economic	ADJ
fbem-16686	150	2	and	and	CCONJ
fbem-16686	150	3	management	management	NOUN
fbem-16686	150	4	research	research	NOUN
fbem-16686	150	5	,	,	PUNCT
fbem-16686	150	6	2019	2019	NUM
fbem-16686	150	7	,	,	PUNCT
fbem-16686	150	8	40(08	40(08	NUM
fbem-16686	150	9	):	):	PUNCT
fbem-16686	150	10	49	49	NUM
fbem-16686	150	11	-	-	SYM
fbem-16686	150	12	62	62	NUM
fbem-16686	150	13	.	.	PUNCT
fbem-16686	151	1	[	[	X
fbem-16686	151	2	12	12	NUM
fbem-16686	151	3	]	]	X
fbem-16686	151	4	li	li	PROPN
fbem-16686	151	5	tao	tao	PROPN
fbem-16686	151	6	,	,	PUNCT
fbem-16686	151	7	liu	liu	PROPN
fbem-16686	151	8	mingyu	mingyu	PROPN
fbem-16686	151	9	.	.	PUNCT
fbem-16686	152	1	capital	capital	NOUN
fbem-16686	152	2	adequacy	adequacy	PROPN
fbem-16686	152	3	,	,	PUNCT
fbem-16686	152	4	bank	bank	NOUN
fbem-16686	152	5	credit	credit	NOUN
fbem-16686	152	6	and	and	CCONJ
fbem-16686	152	7	monetary	monetary	ADJ
fbem-16686	152	8	policy	policy	NOUN
fbem-16686	152	9	transmission	transmission	NOUN
fbem-16686	152	10	-	-	PUNCT
fbem-16686	152	11	analysis	analysis	NOUN
fbem-16686	152	12	based	base	VERB
fbem-16686	152	13	on	on	ADP
fbem-16686	152	14	panel	panel	NOUN
fbem-16686	152	15	data	datum	NOUN
fbem-16686	152	16	of	of	ADP
fbem-16686	152	17	25	25	NUM
fbem-16686	152	18	chinese	chinese	ADJ
fbem-16686	152	19	banks[j	banks[j	PROPN
fbem-16686	152	20	]	]	X
fbem-16686	152	21	.	.	PUNCT
fbem-16686	153	1	international	international	ADJ
fbem-16686	153	2	financial	financial	ADJ
fbem-16686	153	3	studies	study	NOUN
fbem-16686	153	4	,	,	PUNCT
fbem-16686	153	5	2012	2012	NUM
fbem-16686	153	6	(	(	PUNCT
fbem-16686	153	7	11	11	NUM
fbem-16686	153	8	):	):	PUNCT
fbem-16686	153	9	14	14	NUM
fbem-16686	153	10	-	-	SYM
fbem-16686	153	11	22	22	NUM
fbem-16686	153	12	.	.	PUNCT
fbem-16686	154	1	[	[	X
fbem-16686	154	2	13	13	NUM
fbem-16686	154	3	]	]	X
fbem-16686	154	4	wang	wang	PROPN
fbem-16686	154	5	jinbin	jinbin	PROPN
fbem-16686	154	6	,	,	PUNCT
fbem-16686	154	7	li	li	PROPN
fbem-16686	154	8	bo	bo	PROPN
fbem-16686	154	9	.	.	PUNCT
fbem-16686	154	10	research	research	NOUN
fbem-16686	154	11	on	on	ADP
fbem-16686	154	12	the	the	DET
fbem-16686	154	13	impact	impact	NOUN
fbem-16686	154	14	of	of	ADP
fbem-16686	154	15	china	china	PROPN
fbem-16686	154	16	's	's	PART
fbem-16686	154	17	monetary	monetary	ADJ
fbem-16686	154	18	policy	policy	NOUN
fbem-16686	154	19	on	on	ADP
fbem-16686	154	20	commercial	commercial	ADJ
fbem-16686	154	21	banks	bank	NOUN
fbem-16686	154	22	'	'	PART
fbem-16686	154	23	risk	risk	NOUN
fbem-16686	154	24	-	-	PUNCT
fbem-16686	154	25	taking	take	VERB
fbem-16686	154	26	behaviour[j	behaviour[j	NOUN
fbem-16686	154	27	]	]	PUNCT
fbem-16686	154	28	.	.	PUNCT
fbem-16686	155	1	world	world	NOUN
fbem-16686	155	2	economy,2017,40(01):25	economy,2017,40(01):25	PROPN
fbem-16686	155	3	-	-	PUNCT
fbem-16686	155	4	43	43	NUM
fbem-16686	155	5	.	.	PUNCT
fbem-16686	156	1	[	[	X
fbem-16686	156	2	14	14	NUM
fbem-16686	156	3	]	]	X
fbem-16686	156	4	jin	jin	PROPN
fbem-16686	156	5	penghui	penghui	PROPN
fbem-16686	156	6	,	,	PUNCT
fbem-16686	156	7	zhang	zhang	PROPN
fbem-16686	156	8	xiang	xiang	PROPN
fbem-16686	156	9	,	,	PUNCT
fbem-16686	156	10	gao	gao	PROPN
fbem-16686	156	11	feng	feng	PROPN
fbem-16686	156	12	.	.	PUNCT
fbem-16686	157	1	excessive	excessive	PROPN
fbem-16686	157	2	bank	bank	PROPN
fbem-16686	157	3	risktaking	risktake	VERB
fbem-16686	157	4	and	and	CCONJ
fbem-16686	157	5	the	the	DET
fbem-16686	157	6	co	co	NOUN
fbem-16686	157	7	-	-	NOUN
fbem-16686	157	8	ordination	ordination	NOUN
fbem-16686	157	9	of	of	ADP
fbem-16686	157	10	monetary	monetary	ADJ
fbem-16686	157	11	policy	policy	NOUN
fbem-16686	157	12	and	and	CCONJ
fbem-16686	157	13	countercyclical	countercyclical	ADJ
fbem-16686	157	14	capital	capital	NOUN
fbem-16686	157	15	adjustment	adjustment	NOUN
fbem-16686	158	1	[	[	X
fbem-16686	158	2	j	j	X
fbem-16686	158	3	]	]	X
fbem-16686	158	4	.	.	PUNCT
fbem-16686	159	1	economic	economic	ADJ
fbem-16686	159	2	research	research	NOUN
fbem-16686	159	3	,	,	PUNCT
fbem-16686	159	4	2014	2014	NUM
fbem-16686	159	5	,	,	PUNCT
fbem-16686	159	6	49(06	49(06	PROPN
fbem-16686	159	7	):	):	PUNCT
fbem-16686	159	8	73	73	NUM
fbem-16686	159	9	-	-	SYM
fbem-16686	159	10	85	85	NUM
fbem-16686	159	11	.	.	PUNCT
fbem-16686	160	1	[	[	X
fbem-16686	160	2	15	15	NUM
fbem-16686	160	3	]	]	X
fbem-16686	160	4	qi	qi	PROPN
fbem-16686	160	5	ziman.the	ziman.the	DET
fbem-16686	160	6	impact	impact	NOUN
fbem-16686	160	7	mechanism	mechanism	NOUN
fbem-16686	160	8	of	of	ADP
fbem-16686	160	9	deposit	deposit	NOUN
fbem-16686	160	10	reserve	reserve	NOUN
fbem-16686	160	11	policy	policy	NOUN
fbem-16686	160	12	on	on	ADP
fbem-16686	160	13	commercial	commercial	ADJ
fbem-16686	160	14	banks[j].journal	banks[j].journal	NOUN
fbem-16686	160	15	of	of	ADP
fbem-16686	160	16	zhengzhou	zhengzhou	PROPN
fbem-16686	160	17	aviation	aviation	PROPN
fbem-16686	160	18	industry	industry	PROPN
fbem-16686	160	19	management	management	PROPN
fbem-16686	160	20	college,2019,37(04):99	college,2019,37(04):99	PROPN
fbem-16686	160	21	-	-	PUNCT
fbem-16686	160	22	105	105	NUM
fbem-16686	160	23	.	.	PUNCT