id	sid	tid	token	lemma	pos
fbem-18282	1	1	frontiers	frontier	NOUN
fbem-18282	1	2	in	in	ADP
fbem-18282	1	3	business	business	NOUN
fbem-18282	1	4	,	,	PUNCT
fbem-18282	1	5	economics	economic	NOUN
fbem-18282	1	6	and	and	CCONJ
fbem-18282	1	7	management	management	NOUN
fbem-18282	1	8	issn	issn	PROPN
fbem-18282	1	9	:	:	PUNCT
fbem-18282	1	10	2766	2766	NUM
fbem-18282	1	11	-	-	PUNCT
fbem-18282	1	12	824x	824x	NUM
fbem-18282	1	13	|	|	ADJ
fbem-18282	1	14	vol	vol	NOUN
fbem-18282	1	15	.	.	PROPN
fbem-18282	1	16	13	13	NUM
fbem-18282	1	17	,	,	PUNCT
fbem-18282	1	18	no	no	INTJ
fbem-18282	1	19	.	.	NOUN
fbem-18282	1	20	3	3	NUM
fbem-18282	1	21	,	,	PUNCT
fbem-18282	1	22	2024	2024	NUM
fbem-18282	1	23	236	236	NUM
fbem-18282	1	24	study	study	NOUN
fbem-18282	1	25	on	on	ADP
fbem-18282	1	26	the	the	DET
fbem-18282	1	27	impact	impact	NOUN
fbem-18282	1	28	of	of	ADP
fbem-18282	1	29	interest	interest	NOUN
fbem-18282	1	30	rate	rate	NOUN
fbem-18282	1	31	marketisation	marketisation	NOUN
fbem-18282	1	32	on	on	ADP
fbem-18282	1	33	the	the	DET
fbem-18282	1	34	profitability	profitability	NOUN
fbem-18282	1	35	of	of	ADP
fbem-18282	1	36	chinese	chinese	ADJ
fbem-18282	1	37	commercial	commercial	ADJ
fbem-18282	1	38	banks	bank	NOUN
fbem-18282	1	39	zhichao	zhichao	PROPN
fbem-18282	1	40	guo1	guo1	PROPN
fbem-18282	1	41	,	,	PUNCT
fbem-18282	1	42	*	*	PUNCT
fbem-18282	1	43	1universiti	1universiti	NUM
fbem-18282	1	44	sains	sain	NOUN
fbem-18282	1	45	malaysia	malaysia	PROPN
fbem-18282	1	46	,	,	PUNCT
fbem-18282	1	47	penang	penang	PROPN
fbem-18282	1	48	,	,	PUNCT
fbem-18282	1	49	malaysia	malaysia	PROPN
fbem-18282	1	50	*	*	PUNCT
fbem-18282	1	51	corresponding	correspond	VERB
fbem-18282	1	52	author	author	NOUN
fbem-18282	1	53	email	email	NOUN
fbem-18282	1	54	:	:	PUNCT
fbem-18282	1	55	guozhichao@student.usm.my	guozhichao@student.usm.my	PROPN
fbem-18282	1	56	abstract	abstract	NOUN
fbem-18282	1	57	:	:	PUNCT
fbem-18282	1	58	interest	interest	NOUN
fbem-18282	1	59	rates	rate	NOUN
fbem-18282	1	60	play	play	VERB
fbem-18282	1	61	a	a	DET
fbem-18282	1	62	role	role	NOUN
fbem-18282	1	63	in	in	ADP
fbem-18282	1	64	regulating	regulate	VERB
fbem-18282	1	65	the	the	DET
fbem-18282	1	66	allocation	allocation	NOUN
fbem-18282	1	67	of	of	ADP
fbem-18282	1	68	resources	resource	NOUN
fbem-18282	1	69	in	in	ADP
fbem-18282	1	70	the	the	DET
fbem-18282	1	71	financial	financial	ADJ
fbem-18282	1	72	market	market	NOUN
fbem-18282	1	73	and	and	CCONJ
fbem-18282	1	74	can	can	AUX
fbem-18282	1	75	be	be	AUX
fbem-18282	1	76	used	use	VERB
fbem-18282	1	77	as	as	ADP
fbem-18282	1	78	the	the	DET
fbem-18282	1	79	price	price	NOUN
fbem-18282	1	80	of	of	ADP
fbem-18282	1	81	money	money	NOUN
fbem-18282	1	82	.	.	PUNCT
fbem-18282	2	1	in	in	ADP
fbem-18282	2	2	order	order	NOUN
fbem-18282	2	3	to	to	PART
fbem-18282	2	4	allow	allow	VERB
fbem-18282	2	5	the	the	DET
fbem-18282	2	6	market	market	NOUN
fbem-18282	2	7	to	to	PART
fbem-18282	2	8	play	play	VERB
fbem-18282	2	9	a	a	DET
fbem-18282	2	10	fundamental	fundamental	ADJ
fbem-18282	2	11	role	role	NOUN
fbem-18282	2	12	in	in	ADP
fbem-18282	2	13	resource	resource	NOUN
fbem-18282	2	14	allocation	allocation	NOUN
fbem-18282	2	15	,	,	PUNCT
fbem-18282	2	16	the	the	DET
fbem-18282	2	17	reform	reform	NOUN
fbem-18282	2	18	of	of	ADP
fbem-18282	2	19	the	the	DET
fbem-18282	2	20	socialist	socialist	ADJ
fbem-18282	2	21	market	market	NOUN
fbem-18282	2	22	economy	economy	NOUN
fbem-18282	2	23	system	system	NOUN
fbem-18282	2	24	has	have	AUX
fbem-18282	2	25	been	be	AUX
fbem-18282	2	26	gradually	gradually	ADV
fbem-18282	2	27	launched	launch	VERB
fbem-18282	2	28	in	in	ADP
fbem-18282	2	29	china	china	PROPN
fbem-18282	2	30	since	since	SCONJ
fbem-18282	2	31	the	the	DET
fbem-18282	2	32	1990s	1990s	NUM
fbem-18282	2	33	.	.	PUNCT
fbem-18282	3	1	from	from	ADP
fbem-18282	3	2	the	the	DET
fbem-18282	3	3	establishment	establishment	NOUN
fbem-18282	3	4	of	of	ADP
fbem-18282	3	5	the	the	DET
fbem-18282	3	6	interbank	interbank	NOUN
fbem-18282	3	7	lending	lending	NOUN
fbem-18282	3	8	market	market	NOUN
fbem-18282	3	9	in	in	ADP
fbem-18282	3	10	1996	1996	NUM
fbem-18282	3	11	to	to	ADP
fbem-18282	3	12	the	the	DET
fbem-18282	3	13	reform	reform	NOUN
fbem-18282	3	14	of	of	ADP
fbem-18282	3	15	the	the	DET
fbem-18282	3	16	interest	interest	NOUN
fbem-18282	3	17	rate	rate	NOUN
fbem-18282	3	18	quotation	quotation	NOUN
fbem-18282	3	19	mechanism	mechanism	NOUN
fbem-18282	3	20	in	in	ADP
fbem-18282	3	21	the	the	DET
fbem-18282	3	22	loan	loan	NOUN
fbem-18282	3	23	market	market	NOUN
fbem-18282	3	24	in	in	ADP
fbem-18282	3	25	2019	2019	NUM
fbem-18282	3	26	,	,	PUNCT
fbem-18282	3	27	the	the	DET
fbem-18282	3	28	marketisation	marketisation	NOUN
fbem-18282	3	29	of	of	ADP
fbem-18282	3	30	interest	interest	NOUN
fbem-18282	3	31	rates	rate	NOUN
fbem-18282	3	32	has	have	AUX
fbem-18282	3	33	played	play	VERB
fbem-18282	3	34	an	an	DET
fbem-18282	3	35	important	important	ADJ
fbem-18282	3	36	role	role	NOUN
fbem-18282	3	37	in	in	ADP
fbem-18282	3	38	the	the	DET
fbem-18282	3	39	independent	independent	ADJ
fbem-18282	3	40	allocation	allocation	NOUN
fbem-18282	3	41	of	of	ADP
fbem-18282	3	42	resources	resource	NOUN
fbem-18282	3	43	in	in	ADP
fbem-18282	3	44	the	the	DET
fbem-18282	3	45	financial	financial	ADJ
fbem-18282	3	46	market	market	NOUN
fbem-18282	3	47	,	,	PUNCT
fbem-18282	3	48	and	and	CCONJ
fbem-18282	3	49	is	be	AUX
fbem-18282	3	50	getting	get	VERB
fbem-18282	3	51	closer	close	ADJ
fbem-18282	3	52	and	and	CCONJ
fbem-18282	3	53	closer	close	ADJ
fbem-18282	3	54	to	to	ADP
fbem-18282	3	55	achieving	achieve	VERB
fbem-18282	3	56	the	the	DET
fbem-18282	3	57	ultimate	ultimate	ADJ
fbem-18282	3	58	goal	goal	NOUN
fbem-18282	3	59	of	of	ADP
fbem-18282	3	60	interest	interest	NOUN
fbem-18282	3	61	rate	rate	NOUN
fbem-18282	3	62	marketisation	marketisation	NOUN
fbem-18282	3	63	.	.	PUNCT
fbem-18282	4	1	however	however	ADV
fbem-18282	4	2	,	,	PUNCT
fbem-18282	4	3	as	as	SCONJ
fbem-18282	4	4	the	the	DET
fbem-18282	4	5	pricing	pricing	NOUN
fbem-18282	4	6	power	power	NOUN
fbem-18282	4	7	is	be	AUX
fbem-18282	4	8	controlled	control	VERB
fbem-18282	4	9	by	by	ADP
fbem-18282	4	10	financial	financial	ADJ
fbem-18282	4	11	institutions	institution	NOUN
fbem-18282	4	12	,	,	PUNCT
fbem-18282	4	13	the	the	DET
fbem-18282	4	14	competition	competition	NOUN
fbem-18282	4	15	among	among	ADP
fbem-18282	4	16	the	the	DET
fbem-18282	4	17	banking	banking	NOUN
fbem-18282	4	18	sector	sector	NOUN
fbem-18282	4	19	has	have	AUX
fbem-18282	4	20	become	become	VERB
fbem-18282	4	21	more	more	ADV
fbem-18282	4	22	and	and	CCONJ
fbem-18282	4	23	more	more	ADV
fbem-18282	4	24	intense	intense	ADJ
fbem-18282	4	25	.	.	PUNCT
fbem-18282	5	1	according	accord	VERB
fbem-18282	5	2	to	to	ADP
fbem-18282	5	3	the	the	DET
fbem-18282	5	4	financial	financial	ADJ
fbem-18282	5	5	reports	report	NOUN
fbem-18282	5	6	of	of	ADP
fbem-18282	5	7	listed	list	VERB
fbem-18282	5	8	banks	bank	NOUN
fbem-18282	5	9	,	,	PUNCT
fbem-18282	5	10	the	the	DET
fbem-18282	5	11	operating	operate	VERB
fbem-18282	5	12	situation	situation	NOUN
fbem-18282	5	13	of	of	ADP
fbem-18282	5	14	the	the	DET
fbem-18282	5	15	banking	banking	NOUN
fbem-18282	5	16	industry	industry	NOUN
fbem-18282	5	17	is	be	AUX
fbem-18282	5	18	very	very	ADV
fbem-18282	5	19	tough	tough	ADJ
fbem-18282	5	20	,	,	PUNCT
fbem-18282	5	21	and	and	CCONJ
fbem-18282	5	22	the	the	DET
fbem-18282	5	23	return	return	NOUN
fbem-18282	5	24	on	on	ADP
fbem-18282	5	25	assets	asset	NOUN
fbem-18282	5	26	has	have	AUX
fbem-18282	5	27	been	be	AUX
fbem-18282	5	28	declining	decline	VERB
fbem-18282	5	29	,	,	PUNCT
fbem-18282	5	30	leading	lead	VERB
fbem-18282	5	31	to	to	ADP
fbem-18282	5	32	the	the	DET
fbem-18282	5	33	transformation	transformation	NOUN
fbem-18282	5	34	of	of	ADP
fbem-18282	5	35	major	major	ADJ
fbem-18282	5	36	banks	bank	NOUN
fbem-18282	5	37	to	to	PART
fbem-18282	5	38	achieve	achieve	VERB
fbem-18282	5	39	greater	great	ADJ
fbem-18282	5	40	profitability	profitability	NOUN
fbem-18282	5	41	.	.	PUNCT
fbem-18282	6	1	in	in	ADP
fbem-18282	6	2	general	general	ADJ
fbem-18282	6	3	,	,	PUNCT
fbem-18282	6	4	exploring	explore	VERB
fbem-18282	6	5	the	the	DET
fbem-18282	6	6	impact	impact	NOUN
fbem-18282	6	7	of	of	ADP
fbem-18282	6	8	interest	interest	NOUN
fbem-18282	6	9	rate	rate	NOUN
fbem-18282	6	10	marketisation	marketisation	NOUN
fbem-18282	6	11	on	on	ADP
fbem-18282	6	12	the	the	DET
fbem-18282	6	13	profitability	profitability	NOUN
fbem-18282	6	14	of	of	ADP
fbem-18282	6	15	commercial	commercial	ADJ
fbem-18282	6	16	banks	bank	NOUN
fbem-18282	6	17	helps	help	VERB
fbem-18282	6	18	to	to	PART
fbem-18282	6	19	analyse	analyse	VERB
fbem-18282	6	20	the	the	DET
fbem-18282	6	21	current	current	ADJ
fbem-18282	6	22	situation	situation	NOUN
fbem-18282	6	23	of	of	ADP
fbem-18282	6	24	bank	bank	NOUN
fbem-18282	6	25	operations	operation	NOUN
fbem-18282	6	26	,	,	PUNCT
fbem-18282	6	27	improve	improve	VERB
fbem-18282	6	28	the	the	DET
fbem-18282	6	29	ability	ability	NOUN
fbem-18282	6	30	to	to	PART
fbem-18282	6	31	cope	cope	VERB
fbem-18282	6	32	with	with	ADP
fbem-18282	6	33	risks	risk	NOUN
fbem-18282	6	34	by	by	ADP
fbem-18282	6	35	finding	find	VERB
fbem-18282	6	36	new	new	ADJ
fbem-18282	6	37	profit	profit	NOUN
fbem-18282	6	38	models	model	NOUN
fbem-18282	6	39	,	,	PUNCT
fbem-18282	6	40	and	and	CCONJ
fbem-18282	6	41	occupy	occupy	VERB
fbem-18282	6	42	a	a	DET
fbem-18282	6	43	favourable	favourable	ADJ
fbem-18282	6	44	position	position	NOUN
fbem-18282	6	45	in	in	ADP
fbem-18282	6	46	the	the	DET
fbem-18282	6	47	competition	competition	NOUN
fbem-18282	6	48	in	in	ADP
fbem-18282	6	49	the	the	DET
fbem-18282	6	50	financial	financial	ADJ
fbem-18282	6	51	market.this	market.this	PRON
fbem-18282	6	52	paper	paper	NOUN
fbem-18282	6	53	takes	take	VERB
fbem-18282	6	54	the	the	DET
fbem-18282	6	55	impact	impact	NOUN
fbem-18282	6	56	of	of	ADP
fbem-18282	6	57	interest	interest	NOUN
fbem-18282	6	58	rate	rate	NOUN
fbem-18282	6	59	marketisation	marketisation	NOUN
fbem-18282	6	60	on	on	ADP
fbem-18282	6	61	the	the	DET
fbem-18282	6	62	profitability	profitability	NOUN
fbem-18282	6	63	of	of	ADP
fbem-18282	6	64	chinese	chinese	ADJ
fbem-18282	6	65	commercial	commercial	ADJ
fbem-18282	6	66	banks	bank	NOUN
fbem-18282	6	67	as	as	ADP
fbem-18282	6	68	the	the	DET
fbem-18282	6	69	object	object	NOUN
fbem-18282	6	70	of	of	ADP
fbem-18282	6	71	research	research	NOUN
fbem-18282	6	72	,	,	PUNCT
fbem-18282	6	73	by	by	ADP
fbem-18282	6	74	finding	find	VERB
fbem-18282	6	75	relevant	relevant	ADJ
fbem-18282	6	76	literature	literature	NOUN
fbem-18282	6	77	,	,	PUNCT
fbem-18282	6	78	starting	start	VERB
fbem-18282	6	79	from	from	ADP
fbem-18282	6	80	relevant	relevant	ADJ
fbem-18282	6	81	theories	theory	NOUN
fbem-18282	6	82	,	,	PUNCT
fbem-18282	6	83	and	and	CCONJ
fbem-18282	6	84	using	use	VERB
fbem-18282	6	85	internal	internal	ADJ
fbem-18282	6	86	and	and	CCONJ
fbem-18282	6	87	external	external	ADJ
fbem-18282	6	88	factors	factor	NOUN
fbem-18282	6	89	to	to	PART
fbem-18282	6	90	study	study	VERB
fbem-18282	6	91	its	its	PRON
fbem-18282	6	92	impact	impact	NOUN
fbem-18282	6	93	mechanism	mechanism	NOUN
fbem-18282	6	94	;	;	PUNCT
fbem-18282	6	95	and	and	CCONJ
fbem-18282	6	96	according	accord	VERB
fbem-18282	6	97	to	to	ADP
fbem-18282	6	98	the	the	DET
fbem-18282	6	99	reform	reform	NOUN
fbem-18282	6	100	history	history	NOUN
fbem-18282	6	101	of	of	ADP
fbem-18282	6	102	china	china	PROPN
fbem-18282	6	103	's	's	PART
fbem-18282	6	104	interest	interest	NOUN
fbem-18282	6	105	rate	rate	NOUN
fbem-18282	6	106	marketisation	marketisation	NOUN
fbem-18282	6	107	,	,	PUNCT
fbem-18282	6	108	it	it	PRON
fbem-18282	6	109	analyses	analyse	VERB
fbem-18282	6	110	the	the	DET
fbem-18282	6	111	trend	trend	NOUN
fbem-18282	6	112	of	of	ADP
fbem-18282	6	113	changes	change	NOUN
fbem-18282	6	114	in	in	ADP
fbem-18282	6	115	the	the	DET
fbem-18282	6	116	indexes	index	NOUN
fbem-18282	6	117	of	of	ADP
fbem-18282	6	118	chinese	chinese	ADJ
fbem-18282	6	119	commercial	commercial	ADJ
fbem-18282	6	120	banks	bank	NOUN
fbem-18282	6	121	to	to	PART
fbem-18282	6	122	determine	determine	VERB
fbem-18282	6	123	the	the	DET
fbem-18282	6	124	impact	impact	NOUN
fbem-18282	6	125	of	of	ADP
fbem-18282	6	126	interest	interest	NOUN
fbem-18282	6	127	rate	rate	NOUN
fbem-18282	6	128	marketisation	marketisation	NOUN
fbem-18282	6	129	on	on	ADP
fbem-18282	6	130	the	the	DET
fbem-18282	6	131	profitability	profitability	NOUN
fbem-18282	6	132	of	of	ADP
fbem-18282	6	133	commercial	commercial	ADJ
fbem-18282	6	134	banks	bank	NOUN
fbem-18282	6	135	;	;	PUNCT
fbem-18282	6	136	it	it	PRON
fbem-18282	6	137	also	also	ADV
fbem-18282	6	138	adopts	adopt	VERB
fbem-18282	6	139	the	the	DET
fbem-18282	6	140	multivariate	multivariate	NOUN
fbem-18282	6	141	linear	linear	PROPN
fbem-18282	6	142	regression	regression	NOUN
fbem-18282	6	143	model	model	NOUN
fbem-18282	6	144	,	,	PUNCT
fbem-18282	6	145	according	accord	VERB
fbem-18282	6	146	to	to	ADP
fbem-18282	6	147	the	the	DET
fbem-18282	6	148	regression	regression	NOUN
fbem-18282	6	149	analysis	analysis	NOUN
fbem-18282	6	150	found	find	VERB
fbem-18282	6	151	that	that	SCONJ
fbem-18282	6	152	the	the	DET
fbem-18282	6	153	interest	interest	NOUN
fbem-18282	6	154	rate	rate	NOUN
fbem-18282	6	155	marketisation	marketisation	NOUN
fbem-18282	6	156	has	have	VERB
fbem-18282	6	157	a	a	DET
fbem-18282	6	158	strong	strong	ADJ
fbem-18282	6	159	impact	impact	NOUN
fbem-18282	6	160	on	on	ADP
fbem-18282	6	161	the	the	DET
fbem-18282	6	162	profitability	profitability	NOUN
fbem-18282	6	163	of	of	ADP
fbem-18282	6	164	commercial	commercial	ADJ
fbem-18282	6	165	banks	bank	NOUN
fbem-18282	6	166	,	,	PUNCT
fbem-18282	6	167	but	but	CCONJ
fbem-18282	6	168	the	the	DET
fbem-18282	6	169	change	change	NOUN
fbem-18282	6	170	of	of	ADP
fbem-18282	6	171	the	the	DET
fbem-18282	6	172	bank	bank	NOUN
fbem-18282	6	173	's	's	PART
fbem-18282	6	174	income	income	NOUN
fbem-18282	6	175	structure	structure	NOUN
fbem-18282	6	176	does	do	AUX
fbem-18282	6	177	not	not	PART
fbem-18282	6	178	significantly	significantly	ADV
fbem-18282	6	179	improve	improve	VERB
fbem-18282	6	180	the	the	DET
fbem-18282	6	181	profitability	profitability	NOUN
fbem-18282	6	182	;	;	PUNCT
fbem-18282	6	183	finally	finally	ADV
fbem-18282	6	184	,	,	PUNCT
fbem-18282	6	185	the	the	DET
fbem-18282	6	186	following	follow	VERB
fbem-18282	6	187	conclusions	conclusion	NOUN
fbem-18282	6	188	are	be	AUX
fbem-18282	6	189	drawn	draw	VERB
fbem-18282	6	190	:	:	PUNCT
fbem-18282	6	191	(	(	PUNCT
fbem-18282	6	192	1	1	X
fbem-18282	6	193	)	)	PUNCT
fbem-18282	6	194	the	the	DET
fbem-18282	6	195	basis	basis	NOUN
fbem-18282	6	196	for	for	ADP
fbem-18282	6	197	the	the	DET
fbem-18282	6	198	realisation	realisation	NOUN
fbem-18282	6	199	of	of	ADP
fbem-18282	6	200	the	the	DET
fbem-18282	6	201	interest	interest	NOUN
fbem-18282	6	202	rate	rate	NOUN
fbem-18282	6	203	marketisation	marketisation	NOUN
fbem-18282	6	204	is	be	AUX
fbem-18282	6	205	to	to	PART
fbem-18282	6	206	improve	improve	VERB
fbem-18282	6	207	the	the	DET
fbem-18282	6	208	pricing	pricing	NOUN
fbem-18282	6	209	system	system	NOUN
fbem-18282	6	210	and	and	CCONJ
fbem-18282	6	211	open	open	VERB
fbem-18282	6	212	the	the	DET
fbem-18282	6	213	interest	interest	NOUN
fbem-18282	6	214	rate	rate	NOUN
fbem-18282	6	215	conduction	conduction	NOUN
fbem-18282	6	216	channel	channel	NOUN
fbem-18282	6	217	;	;	PUNCT
fbem-18282	6	218	(	(	PUNCT
fbem-18282	6	219	2	2	X
fbem-18282	6	220	)	)	PUNCT
fbem-18282	6	221	by	by	ADP
fbem-18282	6	222	optimising	optimise	VERB
fbem-18282	6	223	the	the	DET
fbem-18282	6	224	income	income	NOUN
fbem-18282	6	225	structure	structure	NOUN
fbem-18282	6	226	and	and	CCONJ
fbem-18282	6	227	improving	improve	VERB
fbem-18282	6	228	the	the	DET
fbem-18282	6	229	operational	operational	ADJ
fbem-18282	6	230	efficiency	efficiency	NOUN
fbem-18282	6	231	,	,	PUNCT
fbem-18282	6	232	the	the	DET
fbem-18282	6	233	profitability	profitability	NOUN
fbem-18282	6	234	of	of	ADP
fbem-18282	6	235	the	the	DET
fbem-18282	6	236	bank	bank	NOUN
fbem-18282	6	237	can	can	AUX
fbem-18282	6	238	be	be	AUX
fbem-18282	6	239	improved	improve	VERB
fbem-18282	6	240	;	;	PUNCT
fbem-18282	6	241	(	(	PUNCT
fbem-18282	6	242	3	3	X
fbem-18282	6	243	)	)	PUNCT
fbem-18282	6	244	by	by	ADP
fbem-18282	6	245	reasonable	reasonable	ADJ
fbem-18282	6	246	response	response	NOUN
fbem-18282	6	247	to	to	ADP
fbem-18282	6	248	interest	interest	NOUN
fbem-18282	6	249	rate	rate	NOUN
fbem-18282	6	250	fluctuation	fluctuation	NOUN
fbem-18282	6	251	risk	risk	NOUN
fbem-18282	6	252	and	and	CCONJ
fbem-18282	6	253	improving	improve	VERB
fbem-18282	6	254	risk	risk	NOUN
fbem-18282	6	255	management	management	NOUN
fbem-18282	6	256	ability	ability	NOUN
fbem-18282	6	257	,	,	PUNCT
fbem-18282	6	258	it	it	PRON
fbem-18282	6	259	can	can	AUX
fbem-18282	6	260	gain	gain	VERB
fbem-18282	6	261	an	an	DET
fbem-18282	6	262	advantage	advantage	NOUN
fbem-18282	6	263	in	in	ADP
fbem-18282	6	264	the	the	DET
fbem-18282	6	265	fierce	fierce	ADJ
fbem-18282	6	266	market	market	NOUN
fbem-18282	6	267	competition	competition	NOUN
fbem-18282	6	268	.	.	PUNCT
fbem-18282	7	1	keywords	keyword	NOUN
fbem-18282	7	2	:	:	PUNCT
fbem-18282	7	3	commercial	commercial	ADJ
fbem-18282	7	4	banks	bank	NOUN
fbem-18282	7	5	;	;	PUNCT
fbem-18282	7	6	interest	interest	NOUN
fbem-18282	7	7	rate	rate	NOUN
fbem-18282	7	8	marketisation	marketisation	NOUN
fbem-18282	7	9	;	;	PUNCT
fbem-18282	7	10	profitability	profitability	NOUN
fbem-18282	7	11	;	;	PUNCT
fbem-18282	7	12	panel	panel	NOUN
fbem-18282	7	13	model	model	NOUN
fbem-18282	7	14	;	;	PUNCT
fbem-18282	7	15	multiple	multiple	ADJ
fbem-18282	7	16	linear	linear	PROPN
fbem-18282	7	17	regression	regression	NOUN
fbem-18282	7	18	model	model	NOUN
fbem-18282	7	19	.	.	PUNCT
fbem-18282	8	1	1	1	X
fbem-18282	8	2	.	.	X
fbem-18282	8	3	introduction	introduction	NOUN
fbem-18282	8	4	1.1	1.1	NUM
fbem-18282	8	5	.	.	PUNCT
fbem-18282	9	1	background	background	NOUN
fbem-18282	9	2	and	and	CCONJ
fbem-18282	9	3	significance	significance	NOUN
fbem-18282	9	4	of	of	ADP
fbem-18282	9	5	the	the	DET
fbem-18282	9	6	study	study	NOUN
fbem-18282	9	7	1.1.1	1.1.1	NUM
fbem-18282	9	8	.	.	PUNCT
fbem-18282	10	1	research	research	NOUN
fbem-18282	10	2	background	background	NOUN
fbem-18282	10	3	interest	interest	NOUN
fbem-18282	10	4	rates	rate	NOUN
fbem-18282	10	5	can	can	AUX
fbem-18282	10	6	reflect	reflect	VERB
fbem-18282	10	7	the	the	DET
fbem-18282	10	8	price	price	NOUN
fbem-18282	10	9	of	of	ADP
fbem-18282	10	10	funds	fund	NOUN
fbem-18282	10	11	,	,	PUNCT
fbem-18282	10	12	regulate	regulate	VERB
fbem-18282	10	13	the	the	DET
fbem-18282	10	14	flow	flow	NOUN
fbem-18282	10	15	of	of	ADP
fbem-18282	10	16	funds	fund	NOUN
fbem-18282	10	17	and	and	CCONJ
fbem-18282	10	18	influence	influence	NOUN
fbem-18282	10	19	economic	economic	ADJ
fbem-18282	10	20	production	production	NOUN
fbem-18282	10	21	activities	activity	NOUN
fbem-18282	10	22	,	,	PUNCT
fbem-18282	10	23	and	and	CCONJ
fbem-18282	10	24	are	be	AUX
fbem-18282	10	25	an	an	DET
fbem-18282	10	26	important	important	ADJ
fbem-18282	10	27	means	mean	NOUN
fbem-18282	10	28	of	of	ADP
fbem-18282	10	29	regulating	regulate	VERB
fbem-18282	10	30	the	the	DET
fbem-18282	10	31	allocation	allocation	NOUN
fbem-18282	10	32	of	of	ADP
fbem-18282	10	33	resources	resource	NOUN
fbem-18282	10	34	in	in	ADP
fbem-18282	10	35	the	the	DET
fbem-18282	10	36	financial	financial	ADJ
fbem-18282	10	37	market	market	NOUN
fbem-18282	10	38	,	,	PUNCT
fbem-18282	10	39	so	so	SCONJ
fbem-18282	10	40	they	they	PRON
fbem-18282	10	41	have	have	AUX
fbem-18282	10	42	become	become	VERB
fbem-18282	10	43	an	an	DET
fbem-18282	10	44	important	important	ADJ
fbem-18282	10	45	regulating	regulate	VERB
fbem-18282	10	46	indicator	indicator	NOUN
fbem-18282	10	47	for	for	ADP
fbem-18282	10	48	achieving	achieve	VERB
fbem-18282	10	49	a	a	DET
fbem-18282	10	50	country	country	NOUN
fbem-18282	10	51	's	's	PART
fbem-18282	10	52	monetary	monetary	ADJ
fbem-18282	10	53	policy	policy	NOUN
fbem-18282	10	54	objectives	objective	NOUN
fbem-18282	10	55	.	.	PUNCT
fbem-18282	11	1	after	after	ADP
fbem-18282	11	2	the	the	DET
fbem-18282	11	3	second	second	ADJ
fbem-18282	11	4	world	world	PROPN
fbem-18282	11	5	war	war	NOUN
fbem-18282	11	6	,	,	PUNCT
fbem-18282	11	7	countries	country	NOUN
fbem-18282	11	8	generally	generally	ADV
fbem-18282	11	9	use	use	VERB
fbem-18282	11	10	interest	interest	NOUN
fbem-18282	11	11	rate	rate	NOUN
fbem-18282	11	12	control	control	NOUN
fbem-18282	11	13	and	and	CCONJ
fbem-18282	11	14	other	other	ADJ
fbem-18282	11	15	ways	way	NOUN
fbem-18282	11	16	to	to	PART
fbem-18282	11	17	suppress	suppress	VERB
fbem-18282	11	18	the	the	DET
fbem-18282	11	19	cost	cost	NOUN
fbem-18282	11	20	of	of	ADP
fbem-18282	11	21	capital	capital	NOUN
fbem-18282	11	22	,	,	PUNCT
fbem-18282	11	23	rapid	rapid	ADJ
fbem-18282	11	24	recovery	recovery	NOUN
fbem-18282	11	25	of	of	ADP
fbem-18282	11	26	economic	economic	ADJ
fbem-18282	11	27	development	development	NOUN
fbem-18282	11	28	,	,	PUNCT
fbem-18282	11	29	rapid	rapid	ADJ
fbem-18282	11	30	economic	economic	ADJ
fbem-18282	11	31	growth	growth	NOUN
fbem-18282	11	32	in	in	ADP
fbem-18282	11	33	a	a	DET
fbem-18282	11	34	short	short	ADJ
fbem-18282	11	35	period	period	NOUN
fbem-18282	11	36	of	of	ADP
fbem-18282	11	37	time	time	NOUN
fbem-18282	11	38	,	,	PUNCT
fbem-18282	11	39	but	but	CCONJ
fbem-18282	11	40	a	a	DET
fbem-18282	11	41	long	long	ADJ
fbem-18282	11	42	period	period	NOUN
fbem-18282	11	43	of	of	ADP
fbem-18282	11	44	interest	interest	NOUN
fbem-18282	11	45	rate	rate	NOUN
fbem-18282	11	46	control	control	NOUN
fbem-18282	11	47	triggered	trigger	VERB
fbem-18282	11	48	hyperinflation	hyperinflation	NOUN
fbem-18282	11	49	and	and	CCONJ
fbem-18282	11	50	economic	economic	ADJ
fbem-18282	11	51	growth	growth	NOUN
fbem-18282	11	52	stagnation	stagnation	NOUN
fbem-18282	11	53	.	.	PUNCT
fbem-18282	12	1	in	in	ADP
fbem-18282	12	2	the	the	DET
fbem-18282	12	3	1970s	1970	NOUN
fbem-18282	12	4	,	,	PUNCT
fbem-18282	12	5	the	the	DET
fbem-18282	12	6	theory	theory	NOUN
fbem-18282	12	7	of	of	ADP
fbem-18282	12	8	"	"	PUNCT
fbem-18282	12	9	financial	financial	ADJ
fbem-18282	12	10	deepening	deepening	NOUN
fbem-18282	12	11	"	"	PUNCT
fbem-18282	12	12	proposed	propose	VERB
fbem-18282	12	13	that	that	SCONJ
fbem-18282	12	14	a	a	DET
fbem-18282	12	15	country	country	NOUN
fbem-18282	12	16	's	's	PART
fbem-18282	12	17	financial	financial	ADJ
fbem-18282	12	18	development	development	NOUN
fbem-18282	12	19	and	and	CCONJ
fbem-18282	12	20	economic	economic	ADJ
fbem-18282	12	21	development	development	NOUN
fbem-18282	12	22	should	should	AUX
fbem-18282	12	23	be	be	AUX
fbem-18282	12	24	a	a	DET
fbem-18282	12	25	dialectical	dialectical	ADJ
fbem-18282	12	26	relationship	relationship	NOUN
fbem-18282	12	27	that	that	PRON
fbem-18282	12	28	promotes	promote	VERB
fbem-18282	12	29	the	the	DET
fbem-18282	12	30	development	development	NOUN
fbem-18282	12	31	of	of	ADP
fbem-18282	12	32	each	each	DET
fbem-18282	12	33	other	other	ADJ
fbem-18282	12	34	,	,	PUNCT
fbem-18282	12	35	and	and	CCONJ
fbem-18282	12	36	the	the	DET
fbem-18282	12	37	long	long	ADJ
fbem-18282	12	38	-	-	PUNCT
fbem-18282	12	39	term	term	NOUN
fbem-18282	12	40	implementation	implementation	NOUN
fbem-18282	12	41	of	of	ADP
fbem-18282	12	42	interest	interest	NOUN
fbem-18282	12	43	rate	rate	NOUN
fbem-18282	12	44	control	control	NOUN
fbem-18282	12	45	and	and	CCONJ
fbem-18282	12	46	other	other	ADJ
fbem-18282	12	47	artificial	artificial	ADJ
fbem-18282	12	48	intervention	intervention	NOUN
fbem-18282	12	49	in	in	ADP
fbem-18282	12	50	the	the	DET
fbem-18282	12	51	market	market	NOUN
fbem-18282	12	52	pricing	pricing	NOUN
fbem-18282	12	53	will	will	AUX
fbem-18282	12	54	lead	lead	VERB
fbem-18282	12	55	to	to	ADP
fbem-18282	12	56	financial	financial	ADJ
fbem-18282	12	57	and	and	CCONJ
fbem-18282	12	58	economic	economic	ADJ
fbem-18282	12	59	stagnation	stagnation	NOUN
fbem-18282	12	60	,	,	PUNCT
fbem-18282	12	61	and	and	CCONJ
fbem-18282	12	62	the	the	DET
fbem-18282	12	63	actual	actual	ADJ
fbem-18282	12	64	situation	situation	NOUN
fbem-18282	12	65	of	of	ADP
fbem-18282	12	66	many	many	ADJ
fbem-18282	12	67	developing	develop	VERB
fbem-18282	12	68	countries	country	NOUN
fbem-18282	12	69	confirmed	confirm	VERB
fbem-18282	12	70	this	this	DET
fbem-18282	12	71	kind	kind	NOUN
fbem-18282	12	72	of	of	ADP
fbem-18282	12	73	"	"	PUNCT
fbem-18282	12	74	financial	financial	ADJ
fbem-18282	12	75	inhibition	inhibition	NOUN
fbem-18282	12	76	"	"	PUNCT
fbem-18282	12	77	.	.	PUNCT
fbem-18282	13	1	the	the	DET
fbem-18282	13	2	actual	actual	ADJ
fbem-18282	13	3	situation	situation	NOUN
fbem-18282	13	4	in	in	ADP
fbem-18282	13	5	many	many	ADJ
fbem-18282	13	6	developing	develop	VERB
fbem-18282	13	7	countries	country	NOUN
fbem-18282	13	8	confirms	confirm	VERB
fbem-18282	13	9	this	this	DET
fbem-18282	13	10	phenomenon	phenomenon	NOUN
fbem-18282	13	11	of	of	ADP
fbem-18282	13	12	"	"	PUNCT
fbem-18282	13	13	financial	financial	ADJ
fbem-18282	13	14	repression	repression	NOUN
fbem-18282	13	15	"	"	PUNCT
fbem-18282	13	16	.	.	PUNCT
fbem-18282	14	1	as	as	ADP
fbem-18282	14	2	a	a	DET
fbem-18282	14	3	result	result	NOUN
fbem-18282	14	4	,	,	PUNCT
fbem-18282	14	5	there	there	PRON
fbem-18282	14	6	has	have	AUX
fbem-18282	14	7	been	be	AUX
fbem-18282	14	8	a	a	DET
fbem-18282	14	9	wave	wave	NOUN
fbem-18282	14	10	of	of	ADP
fbem-18282	14	11	interest	interest	NOUN
fbem-18282	14	12	rate	rate	NOUN
fbem-18282	14	13	marketisation	marketisation	NOUN
fbem-18282	14	14	in	in	ADP
fbem-18282	14	15	the	the	DET
fbem-18282	14	16	international	international	ADJ
fbem-18282	14	17	arena	arena	NOUN
fbem-18282	14	18	,	,	PUNCT
fbem-18282	14	19	with	with	ADP
fbem-18282	14	20	many	many	ADJ
fbem-18282	14	21	countries	country	NOUN
fbem-18282	14	22	successively	successively	ADV
fbem-18282	14	23	realising	realise	VERB
fbem-18282	14	24	interest	interest	NOUN
fbem-18282	14	25	rate	rate	NOUN
fbem-18282	14	26	marketisation	marketisation	NOUN
fbem-18282	14	27	and	and	CCONJ
fbem-18282	14	28	then	then	ADV
fbem-18282	14	29	financial	financial	ADJ
fbem-18282	14	30	liberalisation	liberalisation	NOUN
fbem-18282	14	31	in	in	ADP
fbem-18282	14	32	accordance	accordance	NOUN
fbem-18282	14	33	with	with	ADP
fbem-18282	14	34	different	different	ADJ
fbem-18282	14	35	reforms	reform	NOUN
fbem-18282	14	36	.	.	PUNCT
fbem-18282	15	1	while	while	SCONJ
fbem-18282	15	2	the	the	DET
fbem-18282	15	3	marketisation	marketisation	NOUN
fbem-18282	15	4	of	of	ADP
fbem-18282	15	5	interest	interest	NOUN
fbem-18282	15	6	rates	rate	NOUN
fbem-18282	15	7	has	have	AUX
fbem-18282	15	8	helped	help	VERB
fbem-18282	15	9	the	the	DET
fbem-18282	15	10	healthy	healthy	ADJ
fbem-18282	15	11	functioning	functioning	NOUN
fbem-18282	15	12	of	of	ADP
fbem-18282	15	13	finance	finance	NOUN
fbem-18282	15	14	and	and	CCONJ
fbem-18282	15	15	the	the	DET
fbem-18282	15	16	economy	economy	NOUN
fbem-18282	15	17	,	,	PUNCT
fbem-18282	15	18	it	it	PRON
fbem-18282	15	19	has	have	AUX
fbem-18282	15	20	also	also	ADV
fbem-18282	15	21	led	lead	VERB
fbem-18282	15	22	to	to	ADP
fbem-18282	15	23	risks	risk	NOUN
fbem-18282	15	24	and	and	CCONJ
fbem-18282	15	25	crises	crisis	NOUN
fbem-18282	15	26	,	,	PUNCT
fbem-18282	15	27	which	which	PRON
fbem-18282	15	28	have	have	AUX
fbem-18282	15	29	provided	provide	VERB
fbem-18282	15	30	china	china	PROPN
fbem-18282	15	31	with	with	ADP
fbem-18282	15	32	valuable	valuable	ADJ
fbem-18282	15	33	experience	experience	NOUN
fbem-18282	15	34	in	in	ADP
fbem-18282	15	35	the	the	DET
fbem-18282	15	36	marketisation	marketisation	NOUN
fbem-18282	15	37	of	of	ADP
fbem-18282	15	38	interest	interest	NOUN
fbem-18282	15	39	rates	rate	NOUN
fbem-18282	15	40	.	.	PUNCT
fbem-18282	16	1	against	against	ADP
fbem-18282	16	2	the	the	DET
fbem-18282	16	3	backdrop	backdrop	NOUN
fbem-18282	16	4	of	of	ADP
fbem-18282	16	5	deregulation	deregulation	NOUN
fbem-18282	16	6	of	of	ADP
fbem-18282	16	7	interest	interest	NOUN
fbem-18282	16	8	rates	rate	NOUN
fbem-18282	16	9	and	and	CCONJ
fbem-18282	16	10	a	a	DET
fbem-18282	16	11	general	general	ADJ
fbem-18282	16	12	decline	decline	NOUN
fbem-18282	16	13	in	in	ADP
fbem-18282	16	14	the	the	DET
fbem-18282	16	15	industry	industry	NOUN
fbem-18282	16	16	's	's	PART
fbem-18282	16	17	profitability	profitability	NOUN
fbem-18282	16	18	,	,	PUNCT
fbem-18282	16	19	it	it	PRON
fbem-18282	16	20	is	be	AUX
fbem-18282	16	21	crucial	crucial	ADJ
fbem-18282	16	22	to	to	PART
fbem-18282	16	23	study	study	VERB
fbem-18282	16	24	the	the	DET
fbem-18282	16	25	impact	impact	NOUN
fbem-18282	16	26	of	of	ADP
fbem-18282	16	27	interest	interest	NOUN
fbem-18282	16	28	rate	rate	NOUN
fbem-18282	16	29	marketisation	marketisation	NOUN
fbem-18282	16	30	on	on	ADP
fbem-18282	16	31	banks	bank	NOUN
fbem-18282	16	32	'	'	PART
fbem-18282	16	33	profitability	profitability	NOUN
fbem-18282	16	34	.	.	PUNCT
fbem-18282	17	1	this	this	PRON
fbem-18282	17	2	will	will	AUX
fbem-18282	17	3	help	help	VERB
fbem-18282	17	4	banks	bank	NOUN
fbem-18282	17	5	to	to	PART
fbem-18282	17	6	have	have	VERB
fbem-18282	17	7	a	a	DET
fbem-18282	17	8	clearer	clear	ADJ
fbem-18282	17	9	picture	picture	NOUN
fbem-18282	17	10	of	of	ADP
fbem-18282	17	11	the	the	DET
fbem-18282	17	12	industry	industry	NOUN
fbem-18282	17	13	's	's	PART
fbem-18282	17	14	development	development	NOUN
fbem-18282	17	15	trend	trend	NOUN
fbem-18282	17	16	and	and	CCONJ
fbem-18282	17	17	to	to	PART
fbem-18282	17	18	find	find	VERB
fbem-18282	17	19	a	a	DET
fbem-18282	17	20	path	path	NOUN
fbem-18282	17	21	for	for	ADP
fbem-18282	17	22	the	the	DET
fbem-18282	17	23	future	future	ADJ
fbem-18282	17	24	development	development	NOUN
fbem-18282	17	25	of	of	ADP
fbem-18282	17	26	their	their	PRON
fbem-18282	17	27	business	business	NOUN
fbem-18282	17	28	model	model	NOUN
fbem-18282	17	29	so	so	SCONJ
fbem-18282	17	30	that	that	SCONJ
fbem-18282	17	31	they	they	PRON
fbem-18282	17	32	can	can	AUX
fbem-18282	17	33	adapt	adapt	VERB
fbem-18282	17	34	to	to	ADP
fbem-18282	17	35	the	the	DET
fbem-18282	17	36	new	new	ADJ
fbem-18282	17	37	environment	environment	NOUN
fbem-18282	17	38	of	of	ADP
fbem-18282	17	39	the	the	DET
fbem-18282	17	40	financial	financial	ADJ
fbem-18282	17	41	market	market	NOUN
fbem-18282	17	42	in	in	ADP
fbem-18282	17	43	the	the	DET
fbem-18282	17	44	wake	wake	NOUN
fbem-18282	17	45	of	of	ADP
fbem-18282	17	46	comprehensive	comprehensive	ADJ
fbem-18282	17	47	reforms	reform	NOUN
fbem-18282	17	48	.	.	PUNCT
fbem-18282	18	1	1.1.2	1.1.2	X
fbem-18282	18	2	.	.	PUNCT
fbem-18282	18	3	research	research	NOUN
fbem-18282	18	4	significance	significance	NOUN
fbem-18282	18	5	this	this	PRON
fbem-18282	18	6	helps	help	VERB
fbem-18282	18	7	us	we	PRON
fbem-18282	18	8	to	to	PART
fbem-18282	18	9	identify	identify	VERB
fbem-18282	18	10	theories	theory	NOUN
fbem-18282	18	11	related	relate	VERB
fbem-18282	18	12	to	to	ADP
fbem-18282	18	13	the	the	DET
fbem-18282	18	14	sound	sound	ADJ
fbem-18282	18	15	operation	operation	NOUN
fbem-18282	18	16	of	of	ADP
fbem-18282	18	17	commercial	commercial	ADJ
fbem-18282	18	18	banks	bank	NOUN
fbem-18282	18	19	in	in	ADP
fbem-18282	18	20	the	the	DET
fbem-18282	18	21	context	context	NOUN
fbem-18282	18	22	of	of	ADP
fbem-18282	18	23	interest	interest	NOUN
fbem-18282	18	24	rate	rate	NOUN
fbem-18282	18	25	marketisation	marketisation	NOUN
fbem-18282	18	26	.	.	PUNCT
fbem-18282	19	1	the	the	DET
fbem-18282	19	2	reform	reform	NOUN
fbem-18282	19	3	of	of	ADP
fbem-18282	19	4	interest	interest	NOUN
fbem-18282	19	5	rate	rate	NOUN
fbem-18282	19	6	marketisation	marketisation	NOUN
fbem-18282	19	7	and	and	CCONJ
fbem-18282	19	8	the	the	DET
fbem-18282	19	9	growth	growth	NOUN
fbem-18282	19	10	of	of	ADP
fbem-18282	19	11	commercial	commercial	ADJ
fbem-18282	19	12	banks	bank	NOUN
fbem-18282	19	13	are	be	AUX
fbem-18282	19	14	in	in	ADP
fbem-18282	19	15	a	a	DET
fbem-18282	19	16	mutually	mutually	ADV
fbem-18282	19	17	supportive	supportive	ADJ
fbem-18282	19	18	relationship	relationship	NOUN
fbem-18282	19	19	.	.	PUNCT
fbem-18282	20	1	on	on	ADP
fbem-18282	20	2	the	the	DET
fbem-18282	20	3	one	one	NUM
fbem-18282	20	4	hand	hand	NOUN
fbem-18282	20	5	,	,	PUNCT
fbem-18282	20	6	the	the	DET
fbem-18282	20	7	reform	reform	NOUN
fbem-18282	20	8	directly	directly	ADV
fbem-18282	20	9	promotes	promote	VERB
fbem-18282	20	10	the	the	DET
fbem-18282	20	11	transformation	transformation	NOUN
fbem-18282	20	12	and	and	CCONJ
fbem-18282	20	13	development	development	NOUN
fbem-18282	20	14	of	of	ADP
fbem-18282	20	15	commercial	commercial	ADJ
fbem-18282	20	16	banks	bank	NOUN
fbem-18282	20	17	;	;	PUNCT
fbem-18282	20	18	on	on	ADP
fbem-18282	20	19	the	the	DET
fbem-18282	20	20	other	other	ADJ
fbem-18282	20	21	hand	hand	NOUN
fbem-18282	20	22	,	,	PUNCT
fbem-18282	20	23	the	the	DET
fbem-18282	20	24	transformation	transformation	NOUN
fbem-18282	20	25	and	and	CCONJ
fbem-18282	20	26	upgrading	upgrading	NOUN
fbem-18282	20	27	of	of	ADP
fbem-18282	20	28	commercial	commercial	ADJ
fbem-18282	20	29	banks	bank	NOUN
fbem-18282	20	30	promote	promote	VERB
fbem-18282	20	31	the	the	DET
fbem-18282	20	32	reform	reform	NOUN
fbem-18282	20	33	to	to	ADP
fbem-18282	20	34	a	a	DET
fbem-18282	20	35	deeper	deep	ADJ
fbem-18282	20	36	level	level	NOUN
fbem-18282	20	37	.	.	PUNCT
fbem-18282	21	1	at	at	ADP
fbem-18282	21	2	present	present	NOUN
fbem-18282	21	3	,	,	PUNCT
fbem-18282	21	4	as	as	SCONJ
fbem-18282	21	5	the	the	DET
fbem-18282	21	6	reform	reform	NOUN
fbem-18282	21	7	enters	enter	VERB
fbem-18282	21	8	the	the	DET
fbem-18282	21	9	deep	deep	ADJ
fbem-18282	21	10	water	water	NOUN
fbem-18282	21	11	,	,	PUNCT
fbem-18282	21	12	commercial	commercial	ADJ
fbem-18282	21	13	banks	bank	NOUN
fbem-18282	21	14	are	be	AUX
fbem-18282	21	15	facing	face	VERB
fbem-18282	21	16	the	the	DET
fbem-18282	21	17	impact	impact	NOUN
fbem-18282	21	18	of	of	ADP
fbem-18282	21	19	interest	interest	NOUN
fbem-18282	21	20	rate	rate	NOUN
fbem-18282	21	21	marketisation	marketisation	NOUN
fbem-18282	21	22	.	.	PUNCT
fbem-18282	22	1	if	if	SCONJ
fbem-18282	22	2	commercial	commercial	ADJ
fbem-18282	22	3	banks	bank	NOUN
fbem-18282	22	4	want	want	VERB
fbem-18282	22	5	to	to	PART
fbem-18282	22	6	improve	improve	VERB
fbem-18282	22	7	their	their	PRON
fbem-18282	22	8	profitability	profitability	NOUN
fbem-18282	22	9	and	and	CCONJ
fbem-18282	22	10	enhance	enhance	VERB
fbem-18282	22	11	the	the	DET
fbem-18282	22	12	quality	quality	NOUN
fbem-18282	22	13	of	of	ADP
fbem-18282	22	14	their	their	PRON
fbem-18282	22	15	earnings	earning	NOUN
fbem-18282	22	16	,	,	PUNCT
fbem-18282	22	17	they	they	PRON
fbem-18282	22	18	must	must	AUX
fbem-18282	22	19	transform	transform	VERB
fbem-18282	22	20	237	237	NUM
fbem-18282	22	21	their	their	PRON
fbem-18282	22	22	development	development	NOUN
fbem-18282	22	23	model	model	NOUN
fbem-18282	22	24	.	.	PUNCT
fbem-18282	23	1	this	this	DET
fbem-18282	23	2	paper	paper	NOUN
fbem-18282	23	3	identifies	identify	VERB
fbem-18282	23	4	the	the	DET
fbem-18282	23	5	positive	positive	ADJ
fbem-18282	23	6	effects	effect	NOUN
fbem-18282	23	7	of	of	ADP
fbem-18282	23	8	banking	banking	NOUN
fbem-18282	23	9	transformation	transformation	NOUN
fbem-18282	23	10	on	on	ADP
fbem-18282	23	11	improving	improve	VERB
fbem-18282	23	12	bank	bank	NOUN
fbem-18282	23	13	profitability	profitability	NOUN
fbem-18282	23	14	by	by	ADP
fbem-18282	23	15	building	build	VERB
fbem-18282	23	16	a	a	DET
fbem-18282	23	17	model	model	NOUN
fbem-18282	23	18	,	,	PUNCT
fbem-18282	23	19	which	which	PRON
fbem-18282	23	20	will	will	AUX
fbem-18282	23	21	help	help	VERB
fbem-18282	23	22	construct	construct	VERB
fbem-18282	23	23	a	a	DET
fbem-18282	23	24	theoretical	theoretical	ADJ
fbem-18282	23	25	framework	framework	NOUN
fbem-18282	23	26	for	for	ADP
fbem-18282	23	27	commercial	commercial	ADJ
fbem-18282	23	28	bank	bank	NOUN
fbem-18282	23	29	profitability	profitability	NOUN
fbem-18282	23	30	in	in	ADP
fbem-18282	23	31	the	the	DET
fbem-18282	23	32	context	context	NOUN
fbem-18282	23	33	of	of	ADP
fbem-18282	23	34	interest	interest	NOUN
fbem-18282	23	35	rate	rate	NOUN
fbem-18282	23	36	marketisation	marketisation	NOUN
fbem-18282	23	37	.	.	PUNCT
fbem-18282	24	1	this	this	PRON
fbem-18282	24	2	helps	help	VERB
fbem-18282	24	3	us	we	PRON
fbem-18282	24	4	to	to	PART
fbem-18282	24	5	face	face	VERB
fbem-18282	24	6	up	up	ADP
fbem-18282	24	7	to	to	ADP
fbem-18282	24	8	the	the	DET
fbem-18282	24	9	impact	impact	NOUN
fbem-18282	24	10	of	of	ADP
fbem-18282	24	11	interest	interest	NOUN
fbem-18282	24	12	rate	rate	NOUN
fbem-18282	24	13	marketisation	marketisation	NOUN
fbem-18282	24	14	on	on	ADP
fbem-18282	24	15	the	the	DET
fbem-18282	24	16	business	business	NOUN
fbem-18282	24	17	development	development	NOUN
fbem-18282	24	18	of	of	ADP
fbem-18282	24	19	commercial	commercial	ADJ
fbem-18282	24	20	banks	bank	NOUN
fbem-18282	24	21	.	.	PUNCT
fbem-18282	25	1	the	the	DET
fbem-18282	25	2	marketisation	marketisation	NOUN
fbem-18282	25	3	of	of	ADP
fbem-18282	25	4	interest	interest	NOUN
fbem-18282	25	5	rates	rate	NOUN
fbem-18282	25	6	has	have	AUX
fbem-18282	25	7	returned	return	VERB
fbem-18282	25	8	the	the	DET
fbem-18282	25	9	right	right	NOUN
fbem-18282	25	10	to	to	PART
fbem-18282	25	11	determine	determine	VERB
fbem-18282	25	12	prices	price	NOUN
fbem-18282	25	13	to	to	ADP
fbem-18282	25	14	the	the	DET
fbem-18282	25	15	market	market	NOUN
fbem-18282	25	16	,	,	PUNCT
fbem-18282	25	17	which	which	PRON
fbem-18282	25	18	has	have	AUX
fbem-18282	25	19	increased	increase	VERB
fbem-18282	25	20	the	the	DET
fbem-18282	25	21	pressure	pressure	NOUN
fbem-18282	25	22	of	of	ADP
fbem-18282	25	23	competition	competition	NOUN
fbem-18282	25	24	in	in	ADP
fbem-18282	25	25	the	the	DET
fbem-18282	25	26	market	market	NOUN
fbem-18282	25	27	,	,	PUNCT
fbem-18282	25	28	forcing	force	VERB
fbem-18282	25	29	banks	bank	NOUN
fbem-18282	25	30	to	to	PART
fbem-18282	25	31	look	look	VERB
fbem-18282	25	32	for	for	ADP
fbem-18282	25	33	a	a	DET
fbem-18282	25	34	wider	wide	ADJ
fbem-18282	25	35	range	range	NOUN
fbem-18282	25	36	of	of	ADP
fbem-18282	25	37	sources	source	NOUN
fbem-18282	25	38	of	of	ADP
fbem-18282	25	39	income	income	NOUN
fbem-18282	25	40	and	and	CCONJ
fbem-18282	25	41	promoting	promote	VERB
fbem-18282	25	42	business	business	NOUN
fbem-18282	25	43	transformation	transformation	NOUN
fbem-18282	25	44	.	.	PUNCT
fbem-18282	26	1	this	this	PRON
fbem-18282	26	2	has	have	VERB
fbem-18282	26	3	a	a	DET
fbem-18282	26	4	dual	dual	ADJ
fbem-18282	26	5	impact	impact	NOUN
fbem-18282	26	6	on	on	ADP
fbem-18282	26	7	commercial	commercial	ADJ
fbem-18282	26	8	banks	bank	NOUN
fbem-18282	26	9	.	.	PUNCT
fbem-18282	27	1	determining	determine	VERB
fbem-18282	27	2	the	the	DET
fbem-18282	27	3	net	net	ADJ
fbem-18282	27	4	impact	impact	NOUN
fbem-18282	27	5	on	on	ADP
fbem-18282	27	6	the	the	DET
fbem-18282	27	7	profitability	profitability	NOUN
fbem-18282	27	8	of	of	ADP
fbem-18282	27	9	commercial	commercial	ADJ
fbem-18282	27	10	banks	bank	NOUN
fbem-18282	27	11	since	since	SCONJ
fbem-18282	27	12	the	the	DET
fbem-18282	27	13	reform	reform	NOUN
fbem-18282	27	14	of	of	ADP
fbem-18282	27	15	interest	interest	NOUN
fbem-18282	27	16	rate	rate	NOUN
fbem-18282	27	17	marketisation	marketisation	NOUN
fbem-18282	27	18	will	will	AUX
fbem-18282	27	19	help	help	VERB
fbem-18282	27	20	banks	bank	NOUN
fbem-18282	27	21	to	to	PART
fbem-18282	27	22	cope	cope	VERB
fbem-18282	27	23	well	well	ADV
fbem-18282	27	24	with	with	ADP
fbem-18282	27	25	future	future	ADJ
fbem-18282	27	26	waves	wave	NOUN
fbem-18282	27	27	of	of	ADP
fbem-18282	27	28	reform	reform	NOUN
fbem-18282	27	29	and	and	CCONJ
fbem-18282	27	30	various	various	ADJ
fbem-18282	27	31	external	external	ADJ
fbem-18282	27	32	shocks	shock	NOUN
fbem-18282	27	33	.	.	PUNCT
fbem-18282	28	1	1.2	1.2	NUM
fbem-18282	28	2	.	.	PUNCT
fbem-18282	28	3	research	research	NOUN
fbem-18282	28	4	ideas	idea	NOUN
fbem-18282	28	5	,	,	PUNCT
fbem-18282	28	6	research	research	NOUN
fbem-18282	28	7	methodology	methodology	NOUN
fbem-18282	28	8	and	and	CCONJ
fbem-18282	28	9	content	content	NOUN
fbem-18282	28	10	1.2.1	1.2.1	NUM
fbem-18282	28	11	.	.	PUNCT
fbem-18282	29	1	research	research	NOUN
fbem-18282	29	2	ideas	idea	NOUN
fbem-18282	29	3	this	this	DET
fbem-18282	29	4	paper	paper	NOUN
fbem-18282	29	5	focuses	focus	VERB
fbem-18282	29	6	on	on	ADP
fbem-18282	29	7	the	the	DET
fbem-18282	29	8	impact	impact	NOUN
fbem-18282	29	9	of	of	ADP
fbem-18282	29	10	interest	interest	NOUN
fbem-18282	29	11	rate	rate	NOUN
fbem-18282	29	12	marketisation	marketisation	NOUN
fbem-18282	29	13	on	on	ADP
fbem-18282	29	14	the	the	DET
fbem-18282	29	15	profitability	profitability	NOUN
fbem-18282	29	16	of	of	ADP
fbem-18282	29	17	china	china	PROPN
fbem-18282	29	18	's	's	PART
fbem-18282	29	19	commercial	commercial	NOUN
fbem-18282	29	20	banks.firstly	banks.firstly	ADV
fbem-18282	29	21	,	,	PUNCT
fbem-18282	29	22	it	it	PRON
fbem-18282	29	23	reviews	review	VERB
fbem-18282	29	24	the	the	DET
fbem-18282	29	25	existing	exist	VERB
fbem-18282	29	26	research	research	NOUN
fbem-18282	29	27	literature	literature	NOUN
fbem-18282	29	28	,	,	PUNCT
fbem-18282	29	29	starting	start	VERB
fbem-18282	29	30	from	from	ADP
fbem-18282	29	31	the	the	DET
fbem-18282	29	32	relevant	relevant	ADJ
fbem-18282	29	33	theories	theory	NOUN
fbem-18282	29	34	on	on	ADP
fbem-18282	29	35	interest	interest	NOUN
fbem-18282	29	36	rate	rate	NOUN
fbem-18282	29	37	marketisation	marketisation	NOUN
fbem-18282	29	38	and	and	CCONJ
fbem-18282	29	39	the	the	DET
fbem-18282	29	40	factors	factor	NOUN
fbem-18282	29	41	affecting	affect	VERB
fbem-18282	29	42	the	the	DET
fbem-18282	29	43	profitability	profitability	NOUN
fbem-18282	29	44	of	of	ADP
fbem-18282	29	45	commercial	commercial	ADJ
fbem-18282	29	46	banks	bank	NOUN
fbem-18282	29	47	,	,	PUNCT
fbem-18282	29	48	and	and	CCONJ
fbem-18282	29	49	analyses	analyse	VERB
fbem-18282	29	50	the	the	DET
fbem-18282	29	51	mechanism	mechanism	NOUN
fbem-18282	29	52	of	of	ADP
fbem-18282	29	53	the	the	DET
fbem-18282	29	54	impact	impact	NOUN
fbem-18282	29	55	of	of	ADP
fbem-18282	29	56	interest	interest	NOUN
fbem-18282	29	57	rate	rate	NOUN
fbem-18282	29	58	marketisation	marketisation	NOUN
fbem-18282	29	59	on	on	ADP
fbem-18282	29	60	the	the	DET
fbem-18282	29	61	profitability	profitability	NOUN
fbem-18282	29	62	of	of	ADP
fbem-18282	29	63	commercial	commercial	ADJ
fbem-18282	29	64	banks	bank	NOUN
fbem-18282	29	65	from	from	ADP
fbem-18282	29	66	internal	internal	ADJ
fbem-18282	29	67	and	and	CCONJ
fbem-18282	29	68	external	external	ADJ
fbem-18282	29	69	factors	factor	NOUN
fbem-18282	29	70	:	:	PUNCT
fbem-18282	29	71	second	second	X
fbem-18282	29	72	,	,	PUNCT
fbem-18282	29	73	it	it	PRON
fbem-18282	29	74	clarifies	clarify	VERB
fbem-18282	29	75	the	the	DET
fbem-18282	29	76	history	history	NOUN
fbem-18282	29	77	of	of	ADP
fbem-18282	29	78	china	china	PROPN
fbem-18282	29	79	's	's	PART
fbem-18282	29	80	interest	interest	NOUN
fbem-18282	29	81	rate	rate	NOUN
fbem-18282	29	82	marketisation	marketisation	NOUN
fbem-18282	29	83	reforms	reform	NOUN
fbem-18282	29	84	and	and	CCONJ
fbem-18282	29	85	analyses	analyse	VERB
fbem-18282	29	86	the	the	DET
fbem-18282	29	87	development	development	NOUN
fbem-18282	29	88	status	status	NOUN
fbem-18282	29	89	of	of	ADP
fbem-18282	29	90	listed	list	VERB
fbem-18282	29	91	commercial	commercial	ADJ
fbem-18282	29	92	banks	bank	NOUN
fbem-18282	29	93	in	in	ADP
fbem-18282	29	94	the	the	DET
fbem-18282	29	95	past	past	ADJ
fbem-18282	29	96	ten	ten	NUM
fbem-18282	29	97	years	year	NOUN
fbem-18282	29	98	,	,	PUNCT
fbem-18282	29	99	and	and	CCONJ
fbem-18282	29	100	then	then	ADV
fbem-18282	29	101	uses	use	VERB
fbem-18282	29	102	multiple	multiple	ADJ
fbem-18282	29	103	linear	linear	ADJ
fbem-18282	29	104	regression	regression	NOUN
fbem-18282	29	105	models	model	NOUN
fbem-18282	29	106	to	to	PART
fbem-18282	29	107	explore	explore	VERB
fbem-18282	29	108	the	the	DET
fbem-18282	29	109	impact	impact	NOUN
fbem-18282	29	110	of	of	ADP
fbem-18282	29	111	interest	interest	NOUN
fbem-18282	29	112	rate	rate	NOUN
fbem-18282	29	113	marketisation	marketisation	NOUN
fbem-18282	29	114	on	on	ADP
fbem-18282	29	115	commercial	commercial	ADJ
fbem-18282	29	116	banks	bank	NOUN
fbem-18282	29	117	.	.	PUNCT
fbem-18282	30	1	second	second	ADJ
fbem-18282	30	2	,	,	PUNCT
fbem-18282	30	3	it	it	PRON
fbem-18282	30	4	clarifies	clarify	VERB
fbem-18282	30	5	the	the	DET
fbem-18282	30	6	reform	reform	NOUN
fbem-18282	30	7	history	history	NOUN
fbem-18282	30	8	of	of	ADP
fbem-18282	30	9	interest	interest	NOUN
fbem-18282	30	10	rate	rate	NOUN
fbem-18282	30	11	marketisation	marketisation	NOUN
fbem-18282	30	12	in	in	ADP
fbem-18282	30	13	china	china	PROPN
fbem-18282	30	14	,	,	PUNCT
fbem-18282	30	15	and	and	CCONJ
fbem-18282	30	16	analyses	analyse	VERB
fbem-18282	30	17	the	the	DET
fbem-18282	30	18	trend	trend	NOUN
fbem-18282	30	19	of	of	ADP
fbem-18282	30	20	various	various	ADJ
fbem-18282	30	21	indicators	indicator	NOUN
fbem-18282	30	22	of	of	ADP
fbem-18282	30	23	banks	bank	NOUN
fbem-18282	30	24	using	use	VERB
fbem-18282	30	25	charts	chart	NOUN
fbem-18282	30	26	and	and	CCONJ
fbem-18282	30	27	graphs	graph	NOUN
fbem-18282	30	28	to	to	PART
fbem-18282	30	29	determine	determine	VERB
fbem-18282	30	30	the	the	DET
fbem-18282	30	31	impact	impact	NOUN
fbem-18282	30	32	of	of	ADP
fbem-18282	30	33	interest	interest	NOUN
fbem-18282	30	34	rate	rate	NOUN
fbem-18282	30	35	marketisation	marketisation	NOUN
fbem-18282	30	36	on	on	ADP
fbem-18282	30	37	the	the	DET
fbem-18282	30	38	profitability	profitability	NOUN
fbem-18282	30	39	of	of	ADP
fbem-18282	30	40	commercial	commercial	ADJ
fbem-18282	30	41	banks	bank	NOUN
fbem-18282	30	42	from	from	ADP
fbem-18282	30	43	a	a	DET
fbem-18282	30	44	qualitative	qualitative	ADJ
fbem-18282	30	45	perspective	perspective	NOUN
fbem-18282	30	46	:	:	PUNCT
fbem-18282	30	47	then	then	ADV
fbem-18282	30	48	it	it	PRON
fbem-18282	30	49	adopts	adopt	VERB
fbem-18282	30	50	the	the	DET
fbem-18282	30	51	multiple	multiple	ADJ
fbem-18282	30	52	linear	linear	ADJ
fbem-18282	30	53	regression	regression	NOUN
fbem-18282	30	54	model	model	NOUN
fbem-18282	30	55	to	to	PART
fbem-18282	30	56	explore	explore	VERB
fbem-18282	30	57	the	the	DET
fbem-18282	30	58	impact	impact	NOUN
fbem-18282	30	59	of	of	ADP
fbem-18282	30	60	interest	interest	NOUN
fbem-18282	30	61	rate	rate	NOUN
fbem-18282	30	62	marketisation	marketisation	NOUN
fbem-18282	30	63	on	on	ADP
fbem-18282	30	64	commercial	commercial	ADJ
fbem-18282	30	65	banks	bank	NOUN
fbem-18282	30	66	,	,	PUNCT
fbem-18282	30	67	and	and	CCONJ
fbem-18282	30	68	according	accord	VERB
fbem-18282	30	69	to	to	ADP
fbem-18282	30	70	the	the	DET
fbem-18282	30	71	results	result	NOUN
fbem-18282	30	72	of	of	ADP
fbem-18282	30	73	the	the	DET
fbem-18282	30	74	empirical	empirical	ADJ
fbem-18282	30	75	regression	regression	NOUN
fbem-18282	30	76	,	,	PUNCT
fbem-18282	30	77	it	it	PRON
fbem-18282	30	78	is	be	AUX
fbem-18282	30	79	found	find	VERB
fbem-18282	30	80	that	that	SCONJ
fbem-18282	30	81	the	the	DET
fbem-18282	30	82	interest	interest	NOUN
fbem-18282	30	83	rate	rate	NOUN
fbem-18282	30	84	marketisation	marketisation	NOUN
fbem-18282	30	85	significantly	significantly	ADV
fbem-18282	30	86	weakened	weaken	VERB
fbem-18282	30	87	the	the	DET
fbem-18282	30	88	bank	bank	NOUN
fbem-18282	30	89	's	's	PART
fbem-18282	30	90	profitability	profitability	NOUN
fbem-18282	30	91	,	,	PUNCT
fbem-18282	30	92	and	and	CCONJ
fbem-18282	30	93	that	that	SCONJ
fbem-18282	30	94	there	there	PRON
fbem-18282	30	95	is	be	VERB
fbem-18282	30	96	no	no	DET
fbem-18282	30	97	obvious	obvious	ADJ
fbem-18282	30	98	improvement	improvement	NOUN
fbem-18282	30	99	of	of	ADP
fbem-18282	30	100	the	the	DET
fbem-18282	30	101	bank	bank	NOUN
fbem-18282	30	102	's	's	PART
fbem-18282	30	103	profitability	profitability	NOUN
fbem-18282	30	104	from	from	ADP
fbem-18282	30	105	the	the	DET
fbem-18282	30	106	change	change	NOUN
fbem-18282	30	107	of	of	ADP
fbem-18282	30	108	the	the	DET
fbem-18282	30	109	proportion	proportion	NOUN
fbem-18282	30	110	of	of	ADP
fbem-18282	30	111	noninterest	noninter	ADJ
fbem-18282	30	112	income	income	NOUN
fbem-18282	30	113	,	,	PUNCT
fbem-18282	30	114	and	and	CCONJ
fbem-18282	30	115	other	other	ADJ
fbem-18282	30	116	conclusions	conclusion	NOUN
fbem-18282	30	117	:	:	PUNCT
fbem-18282	30	118	then	then	ADV
fbem-18282	30	119	it	it	PRON
fbem-18282	30	120	analyses	analyse	VERB
fbem-18282	30	121	its	its	PRON
fbem-18282	30	122	profitability	profitability	NOUN
fbem-18282	30	123	model	model	NOUN
fbem-18282	30	124	,	,	PUNCT
fbem-18282	30	125	providing	provide	VERB
fbem-18282	30	126	the	the	DET
fbem-18282	30	127	bank	bank	NOUN
fbem-18282	30	128	's	's	PART
fbem-18282	30	129	profitability	profitability	NOUN
fbem-18282	30	130	experience	experience	NOUN
fbem-18282	30	131	to	to	PART
fbem-18282	30	132	learn	learn	VERB
fbem-18282	30	133	from	from	ADP
fbem-18282	30	134	.	.	PUNCT
fbem-18282	31	1	1.2.2	1.2.2	NUM
fbem-18282	31	2	.	.	PUNCT
fbem-18282	31	3	research	research	NOUN
fbem-18282	31	4	methodology	methodology	NOUN
fbem-18282	31	5	this	this	DET
fbem-18282	31	6	paper	paper	NOUN
fbem-18282	31	7	draws	draw	VERB
fbem-18282	31	8	on	on	ADP
fbem-18282	31	9	the	the	DET
fbem-18282	31	10	relevant	relevant	ADJ
fbem-18282	31	11	research	research	NOUN
fbem-18282	31	12	methods	method	NOUN
fbem-18282	31	13	of	of	ADP
fbem-18282	31	14	domestic	domestic	ADJ
fbem-18282	31	15	and	and	CCONJ
fbem-18282	31	16	foreign	foreign	ADJ
fbem-18282	31	17	scholars	scholar	NOUN
fbem-18282	31	18	in	in	ADP
fbem-18282	31	19	recent	recent	ADJ
fbem-18282	31	20	years	year	NOUN
fbem-18282	31	21	on	on	ADP
fbem-18282	31	22	interest	interest	NOUN
fbem-18282	31	23	rate	rate	NOUN
fbem-18282	31	24	marketisation	marketisation	NOUN
fbem-18282	31	25	and	and	CCONJ
fbem-18282	31	26	bank	bank	NOUN
fbem-18282	31	27	profitability	profitability	NOUN
fbem-18282	31	28	to	to	PART
fbem-18282	31	29	make	make	VERB
fbem-18282	31	30	the	the	DET
fbem-18282	31	31	research	research	NOUN
fbem-18282	31	32	results	result	VERB
fbem-18282	31	33	more	more	ADV
fbem-18282	31	34	reliable	reliable	ADJ
fbem-18282	31	35	.	.	PUNCT
fbem-18282	32	1	(	(	PUNCT
fbem-18282	32	2	1	1	X
fbem-18282	32	3	)	)	PUNCT
fbem-18282	32	4	literature	literature	NOUN
fbem-18282	32	5	analysis	analysis	NOUN
fbem-18282	32	6	method	method	NOUN
fbem-18282	32	7	,	,	PUNCT
fbem-18282	32	8	collect	collect	VERB
fbem-18282	32	9	domestic	domestic	ADJ
fbem-18282	32	10	and	and	CCONJ
fbem-18282	32	11	foreign	foreign	ADJ
fbem-18282	32	12	literature	literature	NOUN
fbem-18282	32	13	on	on	ADP
fbem-18282	32	14	financial	financial	ADJ
fbem-18282	32	15	liberalisation	liberalisation	NOUN
fbem-18282	32	16	,	,	PUNCT
fbem-18282	32	17	interest	interest	NOUN
fbem-18282	32	18	rate	rate	NOUN
fbem-18282	32	19	marketisation	marketisation	NOUN
fbem-18282	32	20	and	and	CCONJ
fbem-18282	32	21	qualitative	qualitative	ADJ
fbem-18282	32	22	and	and	CCONJ
fbem-18282	32	23	quantitative	quantitative	ADJ
fbem-18282	32	24	analysis	analysis	NOUN
fbem-18282	32	25	of	of	ADP
fbem-18282	32	26	the	the	DET
fbem-18282	32	27	profitability	profitability	NOUN
fbem-18282	32	28	of	of	ADP
fbem-18282	32	29	commercial	commercial	ADJ
fbem-18282	32	30	banks	bank	NOUN
fbem-18282	32	31	,	,	PUNCT
fbem-18282	32	32	summarise	summarise	VERB
fbem-18282	32	33	the	the	DET
fbem-18282	32	34	characteristics	characteristic	NOUN
fbem-18282	32	35	of	of	ADP
fbem-18282	32	36	previous	previous	ADJ
fbem-18282	32	37	research	research	NOUN
fbem-18282	32	38	,	,	PUNCT
fbem-18282	32	39	take	take	VERB
fbem-18282	32	40	the	the	DET
fbem-18282	32	41	strengths	strength	NOUN
fbem-18282	32	42	and	and	CCONJ
fbem-18282	32	43	weaknesses	weakness	NOUN
fbem-18282	32	44	,	,	PUNCT
fbem-18282	32	45	and	and	CCONJ
fbem-18282	32	46	find	find	VERB
fbem-18282	32	47	that	that	SCONJ
fbem-18282	32	48	it	it	PRON
fbem-18282	32	49	is	be	AUX
fbem-18282	32	50	not	not	PART
fbem-18282	32	51	enough	enough	ADJ
fbem-18282	32	52	to	to	PART
fbem-18282	32	53	continue	continue	VERB
fbem-18282	32	54	the	the	DET
fbem-18282	32	55	further	further	ADJ
fbem-18282	32	56	study	study	NOUN
fbem-18282	32	57	of	of	ADP
fbem-18282	32	58	this	this	DET
fbem-18282	32	59	paper	paper	NOUN
fbem-18282	32	60	.	.	PUNCT
fbem-18282	33	1	(	(	PUNCT
fbem-18282	33	2	2	2	X
fbem-18282	33	3	)	)	PUNCT
fbem-18282	33	4	data	datum	NOUN
fbem-18282	33	5	chart	chart	NOUN
fbem-18282	33	6	description	description	NOUN
fbem-18282	33	7	method	method	NOUN
fbem-18282	33	8	.	.	PUNCT
fbem-18282	34	1	using	use	VERB
fbem-18282	34	2	the	the	DET
fbem-18282	34	3	data	datum	NOUN
fbem-18282	34	4	of	of	ADP
fbem-18282	34	5	16	16	NUM
fbem-18282	34	6	listed	list	VERB
fbem-18282	34	7	commercial	commercial	ADJ
fbem-18282	34	8	banks	bank	NOUN
fbem-18282	34	9	in	in	ADP
fbem-18282	34	10	china	china	PROPN
fbem-18282	34	11	in	in	ADP
fbem-18282	34	12	the	the	DET
fbem-18282	34	13	past	past	ADJ
fbem-18282	34	14	ten	ten	NUM
fbem-18282	34	15	years	year	NOUN
fbem-18282	34	16	from	from	ADP
fbem-18282	34	17	the	the	DET
fbem-18282	34	18	wande	wande	PROPN
fbem-18282	34	19	database	database	NOUN
fbem-18282	34	20	,	,	PUNCT
fbem-18282	34	21	the	the	DET
fbem-18282	34	22	charts	chart	NOUN
fbem-18282	34	23	are	be	AUX
fbem-18282	34	24	made	make	VERB
fbem-18282	34	25	to	to	PART
fbem-18282	34	26	visualise	visualise	VERB
fbem-18282	34	27	the	the	DET
fbem-18282	34	28	trend	trend	NOUN
fbem-18282	34	29	of	of	ADP
fbem-18282	34	30	the	the	DET
fbem-18282	34	31	bank	bank	NOUN
fbem-18282	34	32	's	's	PART
fbem-18282	34	33	indicators	indicator	NOUN
fbem-18282	34	34	and	and	CCONJ
fbem-18282	34	35	to	to	PART
fbem-18282	34	36	analyse	analyse	VERB
fbem-18282	34	37	them	they	PRON
fbem-18282	34	38	accordingly	accordingly	ADV
fbem-18282	34	39	.	.	PUNCT
fbem-18282	35	1	(	(	PUNCT
fbem-18282	35	2	3	3	X
fbem-18282	35	3	)	)	PUNCT
fbem-18282	35	4	hierarchical	hierarchical	ADJ
fbem-18282	35	5	analysis	analysis	NOUN
fbem-18282	35	6	method	method	NOUN
fbem-18282	35	7	.	.	PUNCT
fbem-18282	36	1	it	it	PRON
fbem-18282	36	2	is	be	AUX
fbem-18282	36	3	a	a	DET
fbem-18282	36	4	systematic	systematic	ADJ
fbem-18282	36	5	and	and	CCONJ
fbem-18282	36	6	hierarchical	hierarchical	ADJ
fbem-18282	36	7	weighting	weighting	NOUN
fbem-18282	36	8	method	method	NOUN
fbem-18282	36	9	to	to	PART
fbem-18282	36	10	determine	determine	VERB
fbem-18282	36	11	the	the	DET
fbem-18282	36	12	weights	weight	NOUN
fbem-18282	36	13	of	of	ADP
fbem-18282	36	14	the	the	DET
fbem-18282	36	15	indicators	indicator	NOUN
fbem-18282	36	16	of	of	ADP
fbem-18282	36	17	the	the	DET
fbem-18282	36	18	interest	interest	NOUN
fbem-18282	36	19	rate	rate	NOUN
fbem-18282	36	20	marketisation	marketisation	PROPN
fbem-18282	36	21	index	index	NOUN
fbem-18282	36	22	,	,	PUNCT
fbem-18282	36	23	subjectively	subjectively	ADV
fbem-18282	36	24	determine	determine	VERB
fbem-18282	36	25	the	the	DET
fbem-18282	36	26	degree	degree	NOUN
fbem-18282	36	27	of	of	ADP
fbem-18282	36	28	importance	importance	NOUN
fbem-18282	36	29	among	among	ADP
fbem-18282	36	30	the	the	DET
fbem-18282	36	31	indicators	indicator	NOUN
fbem-18282	36	32	,	,	PUNCT
fbem-18282	36	33	and	and	CCONJ
fbem-18282	36	34	then	then	ADV
fbem-18282	36	35	objectively	objectively	ADV
fbem-18282	36	36	calculate	calculate	VERB
fbem-18282	36	37	the	the	DET
fbem-18282	36	38	weights	weight	NOUN
fbem-18282	36	39	of	of	ADP
fbem-18282	36	40	the	the	DET
fbem-18282	36	41	indicators	indicator	NOUN
fbem-18282	36	42	according	accord	VERB
fbem-18282	36	43	to	to	ADP
fbem-18282	36	44	the	the	DET
fbem-18282	36	45	matrix	matrix	NOUN
fbem-18282	36	46	.	.	PUNCT
fbem-18282	37	1	(	(	PUNCT
fbem-18282	37	2	4	4	X
fbem-18282	37	3	)	)	PUNCT
fbem-18282	37	4	multiple	multiple	ADJ
fbem-18282	37	5	linear	linear	PROPN
fbem-18282	37	6	regression	regression	NOUN
fbem-18282	37	7	model	model	NOUN
fbem-18282	37	8	.	.	PUNCT
fbem-18282	38	1	in	in	ADP
fbem-18282	38	2	order	order	NOUN
fbem-18282	38	3	to	to	PART
fbem-18282	38	4	increase	increase	VERB
fbem-18282	38	5	the	the	DET
fbem-18282	38	6	accuracy	accuracy	NOUN
fbem-18282	38	7	of	of	ADP
fbem-18282	38	8	the	the	DET
fbem-18282	38	9	regression	regression	NOUN
fbem-18282	38	10	model	model	NOUN
fbem-18282	38	11	,	,	PUNCT
fbem-18282	38	12	the	the	DET
fbem-18282	38	13	mixed	mixed	ADJ
fbem-18282	38	14	(	(	PUNCT
fbem-18282	38	15	pooled	pooled	ADJ
fbem-18282	38	16	)	)	PUNCT
fbem-18282	38	17	panel	panel	NOUN
fbem-18282	38	18	data	datum	NOUN
fbem-18282	38	19	model	model	NOUN
fbem-18282	38	20	,	,	PUNCT
fbem-18282	38	21	fixed	fix	VERB
fbem-18282	38	22	-	-	PUNCT
fbem-18282	38	23	effects	effect	NOUN
fbem-18282	38	24	variable	variable	ADJ
fbem-18282	38	25	intercept	intercept	NOUN
fbem-18282	38	26	model	model	NOUN
fbem-18282	38	27	,	,	PUNCT
fbem-18282	38	28	random	random	ADJ
fbem-18282	38	29	-	-	PUNCT
fbem-18282	38	30	effects	effect	NOUN
fbem-18282	38	31	variable	variable	ADJ
fbem-18282	38	32	intercept	intercept	NOUN
fbem-18282	38	33	model	model	NOUN
fbem-18282	38	34	were	be	AUX
fbem-18282	38	35	used	use	VERB
fbem-18282	38	36	for	for	ADP
fbem-18282	38	37	research	research	NOUN
fbem-18282	38	38	and	and	CCONJ
fbem-18282	38	39	analysis	analysis	NOUN
fbem-18282	38	40	.	.	PUNCT
fbem-18282	39	1	after	after	SCONJ
fbem-18282	39	2	the	the	DET
fbem-18282	39	3	f	f	NOUN
fbem-18282	39	4	-	-	PUNCT
fbem-18282	39	5	test	test	NOUN
fbem-18282	39	6	eliminates	eliminate	VERB
fbem-18282	39	7	the	the	DET
fbem-18282	39	8	mixed	mixed	ADJ
fbem-18282	39	9	(	(	PUNCT
fbem-18282	39	10	pooled	pooled	ADJ
fbem-18282	39	11	)	)	PUNCT
fbem-18282	39	12	panel	panel	NOUN
fbem-18282	39	13	data	datum	NOUN
fbem-18282	39	14	model	model	NOUN
fbem-18282	39	15	or	or	CCONJ
fbem-18282	39	16	fixed	fix	VERB
fbem-18282	39	17	effects	effect	NOUN
fbem-18282	39	18	variable	variable	ADJ
fbem-18282	39	19	intercept	intercept	NOUN
fbem-18282	39	20	model	model	NOUN
fbem-18282	39	21	,	,	PUNCT
fbem-18282	39	22	the	the	DET
fbem-18282	39	23	final	final	ADJ
fbem-18282	39	24	model	model	NOUN
fbem-18282	39	25	of	of	ADP
fbem-18282	39	26	this	this	DET
fbem-18282	39	27	paper	paper	NOUN
fbem-18282	39	28	is	be	AUX
fbem-18282	39	29	judged	judge	VERB
fbem-18282	39	30	by	by	ADP
fbem-18282	39	31	the	the	DET
fbem-18282	39	32	hausman	hausman	PROPN
fbem-18282	39	33	test	test	NOUN
fbem-18282	39	34	.	.	PUNCT
fbem-18282	40	1	1.2.3	1.2.3	X
fbem-18282	40	2	.	.	X
fbem-18282	40	3	content	content	NOUN
fbem-18282	40	4	of	of	ADP
fbem-18282	40	5	research	research	NOUN
fbem-18282	40	6	the	the	DET
fbem-18282	40	7	research	research	NOUN
fbem-18282	40	8	object	object	NOUN
fbem-18282	40	9	of	of	ADP
fbem-18282	40	10	this	this	DET
fbem-18282	40	11	paper	paper	NOUN
fbem-18282	40	12	is	be	AUX
fbem-18282	40	13	the	the	DET
fbem-18282	40	14	commercial	commercial	ADJ
fbem-18282	40	15	banks	bank	NOUN
fbem-18282	40	16	listed	list	VERB
fbem-18282	40	17	on	on	ADP
fbem-18282	40	18	the	the	DET
fbem-18282	40	19	a	a	DET
fbem-18282	40	20	-	-	PUNCT
fbem-18282	40	21	share	share	NOUN
fbem-18282	40	22	market	market	NOUN
fbem-18282	40	23	as	as	ADP
fbem-18282	40	24	of	of	ADP
fbem-18282	40	25	2022	2022	NUM
fbem-18282	40	26	,	,	PUNCT
fbem-18282	40	27	including	include	VERB
fbem-18282	40	28	five	five	NUM
fbem-18282	40	29	large	large	ADJ
fbem-18282	40	30	state	state	NOUN
fbem-18282	40	31	-	-	PUNCT
fbem-18282	40	32	owned	own	VERB
fbem-18282	40	33	commercial	commercial	ADJ
fbem-18282	40	34	banks	bank	NOUN
fbem-18282	40	35	,	,	PUNCT
fbem-18282	40	36	eight	eight	NUM
fbem-18282	40	37	national	national	ADJ
fbem-18282	40	38	joint	joint	ADJ
fbem-18282	40	39	-	-	PUNCT
fbem-18282	40	40	stock	stock	NOUN
fbem-18282	40	41	commercial	commercial	ADJ
fbem-18282	40	42	banks	bank	NOUN
fbem-18282	40	43	and	and	CCONJ
fbem-18282	40	44	three	three	NUM
fbem-18282	40	45	city	city	NOUN
fbem-18282	40	46	commercial	commercial	ADJ
fbem-18282	40	47	banks	bank	NOUN
fbem-18282	40	48	,	,	PUNCT
fbem-18282	40	49	with	with	ADP
fbem-18282	40	50	a	a	DET
fbem-18282	40	51	wider	wide	ADJ
fbem-18282	40	52	sample	sample	NOUN
fbem-18282	40	53	range	range	NOUN
fbem-18282	40	54	,	,	PUNCT
fbem-18282	40	55	and	and	CCONJ
fbem-18282	40	56	in	in	ADP
fbem-18282	40	57	view	view	NOUN
fbem-18282	40	58	of	of	ADP
fbem-18282	40	59	the	the	DET
fbem-18282	40	60	availability	availability	NOUN
fbem-18282	40	61	of	of	ADP
fbem-18282	40	62	data	datum	NOUN
fbem-18282	40	63	from	from	ADP
fbem-18282	40	64	other	other	ADJ
fbem-18282	40	65	non	non	ADJ
fbem-18282	40	66	-	-	ADJ
fbem-18282	40	67	listed	listed	ADJ
fbem-18282	40	68	commercial	commercial	ADJ
fbem-18282	40	69	banks	bank	NOUN
fbem-18282	40	70	and	and	CCONJ
fbem-18282	40	71	the	the	DET
fbem-18282	40	72	objective	objective	ADJ
fbem-18282	40	73	authenticity	authenticity	NOUN
fbem-18282	40	74	of	of	ADP
fbem-18282	40	75	the	the	DET
fbem-18282	40	76	audits	audits	NOUN
fbem-18282	40	77	,	,	PUNCT
fbem-18282	40	78	this	this	DET
fbem-18282	40	79	paper	paper	NOUN
fbem-18282	40	80	does	do	AUX
fbem-18282	40	81	not	not	PART
fbem-18282	40	82	include	include	VERB
fbem-18282	40	83	the	the	DET
fbem-18282	40	84	samples	sample	NOUN
fbem-18282	40	85	of	of	ADP
fbem-18282	40	86	other	other	ADJ
fbem-18282	40	87	commercial	commercial	ADJ
fbem-18282	40	88	banks	bank	NOUN
fbem-18282	40	89	.	.	PUNCT
fbem-18282	41	1	the	the	DET
fbem-18282	41	2	profitability	profitability	NOUN
fbem-18282	41	3	indicators	indicator	NOUN
fbem-18282	41	4	,	,	PUNCT
fbem-18282	41	5	income	income	NOUN
fbem-18282	41	6	structure	structure	NOUN
fbem-18282	41	7	indicators	indicator	NOUN
fbem-18282	41	8	,	,	PUNCT
fbem-18282	41	9	risk	risk	NOUN
fbem-18282	41	10	indicators	indicator	NOUN
fbem-18282	41	11	and	and	CCONJ
fbem-18282	41	12	capital	capital	NOUN
fbem-18282	41	13	level	level	NOUN
fbem-18282	41	14	indicators	indicator	NOUN
fbem-18282	41	15	of	of	ADP
fbem-18282	41	16	the	the	DET
fbem-18282	41	17	sample	sample	NOUN
fbem-18282	41	18	banks	bank	NOUN
fbem-18282	41	19	are	be	AUX
fbem-18282	41	20	studied	study	VERB
fbem-18282	41	21	qualitatively	qualitatively	ADV
fbem-18282	41	22	and	and	CCONJ
fbem-18282	41	23	quantitatively	quantitatively	ADV
fbem-18282	41	24	in	in	ADP
fbem-18282	41	25	the	the	DET
fbem-18282	41	26	context	context	NOUN
fbem-18282	41	27	of	of	ADP
fbem-18282	41	28	interest	interest	NOUN
fbem-18282	41	29	rate	rate	NOUN
fbem-18282	41	30	marketisation	marketisation	NOUN
fbem-18282	41	31	.	.	PUNCT
fbem-18282	42	1	starting	start	VERB
fbem-18282	42	2	from	from	ADP
fbem-18282	42	3	the	the	DET
fbem-18282	42	4	theoretical	theoretical	ADJ
fbem-18282	42	5	analysis	analysis	NOUN
fbem-18282	42	6	of	of	ADP
fbem-18282	42	7	interest	interest	NOUN
fbem-18282	42	8	rate	rate	NOUN
fbem-18282	42	9	marketization	marketization	NOUN
fbem-18282	42	10	and	and	CCONJ
fbem-18282	42	11	commercial	commercial	ADJ
fbem-18282	42	12	banks	bank	NOUN
fbem-18282	42	13	'	'	PART
fbem-18282	42	14	profitability	profitability	NOUN
fbem-18282	42	15	,	,	PUNCT
fbem-18282	42	16	this	this	DET
fbem-18282	42	17	paper	paper	NOUN
fbem-18282	42	18	conducts	conduct	VERB
fbem-18282	42	19	a	a	DET
fbem-18282	42	20	graphical	graphical	ADJ
fbem-18282	42	21	and	and	CCONJ
fbem-18282	42	22	empirical	empirical	ADJ
fbem-18282	42	23	analysis	analysis	NOUN
fbem-18282	42	24	of	of	ADP
fbem-18282	42	25	the	the	DET
fbem-18282	42	26	changes	change	NOUN
fbem-18282	42	27	in	in	ADP
fbem-18282	42	28	the	the	DET
fbem-18282	42	29	profitability	profitability	NOUN
fbem-18282	42	30	of	of	ADP
fbem-18282	42	31	china	china	PROPN
fbem-18282	42	32	's	's	PART
fbem-18282	42	33	commercial	commercial	ADJ
fbem-18282	42	34	banks	bank	NOUN
fbem-18282	42	35	in	in	ADP
fbem-18282	42	36	the	the	DET
fbem-18282	42	37	context	context	NOUN
fbem-18282	42	38	of	of	ADP
fbem-18282	42	39	interest	interest	NOUN
fbem-18282	42	40	rate	rate	NOUN
fbem-18282	42	41	marketization	marketization	NOUN
fbem-18282	42	42	,	,	PUNCT
fbem-18282	42	43	comments	comment	NOUN
fbem-18282	42	44	on	on	ADP
fbem-18282	42	45	specific	specific	ADJ
fbem-18282	42	46	cases	case	NOUN
fbem-18282	42	47	,	,	PUNCT
fbem-18282	42	48	and	and	CCONJ
fbem-18282	42	49	finally	finally	ADV
fbem-18282	42	50	makes	make	VERB
fbem-18282	42	51	conclusions	conclusion	NOUN
fbem-18282	42	52	and	and	CCONJ
fbem-18282	42	53	recommendations	recommendation	NOUN
fbem-18282	42	54	.	.	PUNCT
fbem-18282	43	1	the	the	DET
fbem-18282	43	2	first	first	ADJ
fbem-18282	43	3	chapter	chapter	NOUN
fbem-18282	43	4	takes	take	VERB
fbem-18282	43	5	the	the	DET
fbem-18282	43	6	impact	impact	NOUN
fbem-18282	43	7	of	of	ADP
fbem-18282	43	8	interest	interest	NOUN
fbem-18282	43	9	rate	rate	NOUN
fbem-18282	43	10	marketisation	marketisation	NOUN
fbem-18282	43	11	on	on	ADP
fbem-18282	43	12	the	the	DET
fbem-18282	43	13	profitability	profitability	NOUN
fbem-18282	43	14	of	of	ADP
fbem-18282	43	15	china	china	PROPN
fbem-18282	43	16	's	's	PART
fbem-18282	43	17	commercial	commercial	ADJ
fbem-18282	43	18	banks	bank	NOUN
fbem-18282	43	19	as	as	ADP
fbem-18282	43	20	the	the	DET
fbem-18282	43	21	object	object	NOUN
fbem-18282	43	22	of	of	ADP
fbem-18282	43	23	research	research	NOUN
fbem-18282	43	24	by	by	ADP
fbem-18282	43	25	finding	find	VERB
fbem-18282	43	26	relevant	relevant	ADJ
fbem-18282	43	27	literature	literature	NOUN
fbem-18282	43	28	,	,	PUNCT
fbem-18282	43	29	starting	start	VERB
fbem-18282	43	30	from	from	ADP
fbem-18282	43	31	relevant	relevant	ADJ
fbem-18282	43	32	theories	theory	NOUN
fbem-18282	43	33	and	and	CCONJ
fbem-18282	43	34	using	use	VERB
fbem-18282	43	35	internal	internal	ADJ
fbem-18282	43	36	and	and	CCONJ
fbem-18282	43	37	external	external	ADJ
fbem-18282	43	38	factors	factor	NOUN
fbem-18282	43	39	to	to	PART
fbem-18282	43	40	study	study	VERB
fbem-18282	43	41	the	the	DET
fbem-18282	43	42	impact	impact	NOUN
fbem-18282	43	43	mechanism	mechanism	NOUN
fbem-18282	43	44	;	;	PUNCT
fbem-18282	43	45	the	the	DET
fbem-18282	43	46	second	second	ADJ
fbem-18282	43	47	and	and	CCONJ
fbem-18282	43	48	third	third	ADJ
fbem-18282	43	49	chapters	chapter	NOUN
fbem-18282	43	50	analyse	analyse	VERB
fbem-18282	43	51	the	the	DET
fbem-18282	43	52	trend	trend	NOUN
fbem-18282	43	53	of	of	ADP
fbem-18282	43	54	changes	change	NOUN
fbem-18282	43	55	in	in	ADP
fbem-18282	43	56	the	the	DET
fbem-18282	43	57	indicators	indicator	NOUN
fbem-18282	43	58	of	of	ADP
fbem-18282	43	59	china	china	PROPN
fbem-18282	43	60	's	's	PART
fbem-18282	43	61	commercial	commercial	ADJ
fbem-18282	43	62	banks	bank	NOUN
fbem-18282	43	63	according	accord	VERB
fbem-18282	43	64	to	to	ADP
fbem-18282	43	65	china	china	PROPN
fbem-18282	43	66	's	's	PART
fbem-18282	43	67	reform	reform	NOUN
fbem-18282	43	68	history	history	NOUN
fbem-18282	43	69	of	of	ADP
fbem-18282	43	70	interest	interest	NOUN
fbem-18282	43	71	rate	rate	NOUN
fbem-18282	43	72	marketisation	marketisation	NOUN
fbem-18282	43	73	to	to	PART
fbem-18282	43	74	judge	judge	VERB
fbem-18282	43	75	the	the	DET
fbem-18282	43	76	impact	impact	NOUN
fbem-18282	43	77	of	of	ADP
fbem-18282	43	78	interest	interest	NOUN
fbem-18282	43	79	rate	rate	NOUN
fbem-18282	43	80	marketisation	marketisation	NOUN
fbem-18282	43	81	on	on	ADP
fbem-18282	43	82	the	the	DET
fbem-18282	43	83	profitability	profitability	NOUN
fbem-18282	43	84	of	of	ADP
fbem-18282	43	85	commercial	commercial	ADJ
fbem-18282	43	86	banks	bank	NOUN
fbem-18282	43	87	;	;	PUNCT
fbem-18282	43	88	the	the	DET
fbem-18282	43	89	fourth	fourth	ADJ
fbem-18282	43	90	chapter	chapter	NOUN
fbem-18282	43	91	adopts	adopt	VERB
fbem-18282	43	92	the	the	DET
fbem-18282	43	93	multiple	multiple	ADJ
fbem-18282	43	94	linear	linear	PROPN
fbem-18282	43	95	regression	regression	NOUN
fbem-18282	43	96	model	model	NOUN
fbem-18282	43	97	,	,	PUNCT
fbem-18282	43	98	according	accord	VERB
fbem-18282	43	99	to	to	ADP
fbem-18282	43	100	the	the	DET
fbem-18282	43	101	regression	regression	NOUN
fbem-18282	43	102	analysis	analysis	NOUN
fbem-18282	43	103	,	,	PUNCT
fbem-18282	43	104	found	find	VERB
fbem-18282	43	105	that	that	SCONJ
fbem-18282	43	106	the	the	DET
fbem-18282	43	107	interest	interest	NOUN
fbem-18282	43	108	rate	rate	NOUN
fbem-18282	43	109	marketisation	marketisation	NOUN
fbem-18282	43	110	has	have	VERB
fbem-18282	43	111	a	a	DET
fbem-18282	43	112	strong	strong	ADJ
fbem-18282	43	113	impact	impact	NOUN
fbem-18282	43	114	on	on	ADP
fbem-18282	43	115	the	the	DET
fbem-18282	43	116	profitability	profitability	NOUN
fbem-18282	43	117	of	of	ADP
fbem-18282	43	118	commercial	commercial	ADJ
fbem-18282	43	119	banks	bank	NOUN
fbem-18282	43	120	,	,	PUNCT
fbem-18282	43	121	but	but	CCONJ
fbem-18282	43	122	the	the	DET
fbem-18282	43	123	change	change	NOUN
fbem-18282	43	124	of	of	ADP
fbem-18282	43	125	the	the	DET
fbem-18282	43	126	bank	bank	NOUN
fbem-18282	43	127	's	's	PART
fbem-18282	43	128	income	income	NOUN
fbem-18282	43	129	structure	structure	NOUN
fbem-18282	43	130	does	do	AUX
fbem-18282	43	131	not	not	PART
fbem-18282	43	132	significantly	significantly	ADV
fbem-18282	43	133	improve	improve	VERB
fbem-18282	43	134	the	the	DET
fbem-18282	43	135	profitability	profitability	NOUN
fbem-18282	43	136	.	.	PUNCT
fbem-18282	44	1	2	2	X
fbem-18282	44	2	.	.	X
fbem-18282	44	3	a	a	DET
fbem-18282	44	4	theoretical	theoretical	ADJ
fbem-18282	44	5	analysis	analysis	NOUN
fbem-18282	44	6	of	of	ADP
fbem-18282	44	7	the	the	DET
fbem-18282	44	8	impact	impact	NOUN
fbem-18282	44	9	of	of	ADP
fbem-18282	44	10	interest	interest	NOUN
fbem-18282	44	11	rate	rate	NOUN
fbem-18282	44	12	marketisation	marketisation	NOUN
fbem-18282	44	13	on	on	ADP
fbem-18282	44	14	the	the	DET
fbem-18282	44	15	profitability	profitability	NOUN
fbem-18282	44	16	of	of	ADP
fbem-18282	44	17	commercial	commercial	ADJ
fbem-18282	44	18	banks	bank	NOUN
fbem-18282	44	19	2.1	2.1	NUM
fbem-18282	44	20	.	.	PUNCT
fbem-18282	45	1	theory	theory	NOUN
fbem-18282	45	2	of	of	ADP
fbem-18282	45	3	financial	financial	ADJ
fbem-18282	45	4	constraints	constraint	NOUN
fbem-18282	45	5	in	in	ADP
fbem-18282	45	6	the	the	DET
fbem-18282	45	7	1990s	1990s	NUM
fbem-18282	45	8	,	,	PUNCT
fbem-18282	45	9	thomas	thomas	PROPN
fbem-18282	45	10	herman	herman	PROPN
fbem-18282	45	11	,	,	PUNCT
fbem-18282	45	12	kevin	kevin	PROPN
fbem-18282	45	13	murdock	murdock	PROPN
fbem-18282	45	14	and	and	CCONJ
fbem-18282	45	15	others	other	NOUN
fbem-18282	45	16	put	put	VERB
fbem-18282	45	17	forward	forward	ADV
fbem-18282	45	18	the	the	DET
fbem-18282	45	19	"	"	PUNCT
fbem-18282	45	20	financial	financial	ADJ
fbem-18282	45	21	constraints	constraint	NOUN
fbem-18282	45	22	theory	theory	NOUN
fbem-18282	45	23	"	"	PUNCT
fbem-18282	45	24	.	.	PUNCT
fbem-18282	46	1	at	at	ADP
fbem-18282	46	2	that	that	DET
fbem-18282	46	3	time	time	NOUN
fbem-18282	46	4	,	,	PUNCT
fbem-18282	46	5	the	the	DET
fbem-18282	46	6	regulator	regulator	NOUN
fbem-18282	46	7	through	through	ADP
fbem-18282	46	8	the	the	DET
fbem-18282	46	9	establishment	establishment	NOUN
fbem-18282	46	10	of	of	ADP
fbem-18282	46	11	the	the	DET
fbem-18282	46	12	banking	banking	NOUN
fbem-18282	46	13	industry	industry	NOUN
fbem-18282	46	14	access	access	NOUN
fbem-18282	46	15	threshold	threshold	NOUN
fbem-18282	46	16	,	,	PUNCT
fbem-18282	46	17	deposit	deposit	NOUN
fbem-18282	46	18	and	and	CCONJ
fbem-18282	46	19	loan	loan	NOUN
fbem-18282	46	20	interest	interest	NOUN
fbem-18282	46	21	rate	rate	NOUN
fbem-18282	46	22	fluctuations	fluctuation	NOUN
fbem-18282	46	23	set	set	VERB
fbem-18282	46	24	the	the	DET
fbem-18282	46	25	upper	upper	ADJ
fbem-18282	46	26	and	and	CCONJ
fbem-18282	46	27	lower	low	ADJ
fbem-18282	46	28	limits	limit	NOUN
fbem-18282	46	29	and	and	CCONJ
fbem-18282	46	30	a	a	DET
fbem-18282	46	31	number	number	NOUN
fbem-18282	46	32	of	of	ADP
fbem-18282	46	33	constraints	constraint	NOUN
fbem-18282	46	34	on	on	ADP
fbem-18282	46	35	financial	financial	ADJ
fbem-18282	46	36	policy	policy	NOUN
fbem-18282	46	37	,	,	PUNCT
fbem-18282	46	38	can	can	AUX
fbem-18282	46	39	make	make	VERB
fbem-18282	46	40	the	the	DET
fbem-18282	46	41	government	government	NOUN
fbem-18282	46	42	to	to	PART
fbem-18282	46	43	obtain	obtain	VERB
fbem-18282	46	44	relative	relative	ADJ
fbem-18282	46	45	to	to	ADP
fbem-18282	46	46	the	the	DET
fbem-18282	46	47	full	full	ADJ
fbem-18282	46	48	financial	financial	ADJ
fbem-18282	46	49	freedom	freedom	NOUN
fbem-18282	46	50	of	of	ADP
fbem-18282	46	51	more	more	ADJ
fbem-18282	46	52	rentseeking	rentseeke	VERB
fbem-18282	46	53	profits	profit	NOUN
fbem-18282	46	54	,	,	PUNCT
fbem-18282	46	55	but	but	CCONJ
fbem-18282	46	56	at	at	ADP
fbem-18282	46	57	the	the	DET
fbem-18282	46	58	same	same	ADJ
fbem-18282	46	59	time	time	NOUN
fbem-18282	46	60	than	than	ADP
fbem-18282	46	61	the	the	DET
fbem-18282	46	62	full	full	ADJ
fbem-18282	46	63	financial	financial	ADJ
fbem-18282	46	64	inhibition	inhibition	NOUN
fbem-18282	46	65	of	of	ADP
fbem-18282	46	66	the	the	DET
fbem-18282	46	67	economy	economy	NOUN
fbem-18282	46	68	to	to	PART
fbem-18282	46	69	achieve	achieve	VERB
fbem-18282	46	70	more	more	ADV
fbem-18282	46	71	efficient	efficient	ADJ
fbem-18282	46	72	allocation	allocation	NOUN
fbem-18282	46	73	238	238	NUM
fbem-18282	46	74	of	of	ADP
fbem-18282	46	75	funds	fund	NOUN
fbem-18282	46	76	,	,	PUNCT
fbem-18282	46	77	to	to	PART
fbem-18282	46	78	ensure	ensure	VERB
fbem-18282	46	79	that	that	SCONJ
fbem-18282	46	80	the	the	DET
fbem-18282	46	81	financial	financial	ADJ
fbem-18282	46	82	system	system	NOUN
fbem-18282	46	83	of	of	ADP
fbem-18282	46	84	the	the	DET
fbem-18282	46	85	development	development	NOUN
fbem-18282	46	86	of	of	ADP
fbem-18282	46	87	a	a	DET
fbem-18282	46	88	stable	stable	ADJ
fbem-18282	46	89	and	and	CCONJ
fbem-18282	46	90	economic	economic	ADJ
fbem-18282	46	91	growth	growth	NOUN
fbem-18282	46	92	.	.	PUNCT
fbem-18282	47	1	in	in	ADP
fbem-18282	47	2	contrast	contrast	NOUN
fbem-18282	47	3	,	,	PUNCT
fbem-18282	47	4	the	the	DET
fbem-18282	47	5	theory	theory	NOUN
fbem-18282	47	6	of	of	ADP
fbem-18282	47	7	financial	financial	ADJ
fbem-18282	47	8	constraints	constraint	NOUN
fbem-18282	47	9	is	be	AUX
fbem-18282	47	10	more	more	ADJ
fbem-18282	47	11	of	of	ADP
fbem-18282	47	12	a	a	DET
fbem-18282	47	13	compromise	compromise	NOUN
fbem-18282	47	14	.	.	PUNCT
fbem-18282	48	1	the	the	DET
fbem-18282	48	2	essence	essence	NOUN
fbem-18282	48	3	of	of	ADP
fbem-18282	48	4	financial	financial	ADJ
fbem-18282	48	5	constraints	constraint	NOUN
fbem-18282	48	6	is	be	AUX
fbem-18282	48	7	to	to	PART
fbem-18282	48	8	obtain	obtain	VERB
fbem-18282	48	9	invisible	invisible	ADJ
fbem-18282	48	10	gains	gain	NOUN
fbem-18282	48	11	in	in	ADP
fbem-18282	48	12	the	the	DET
fbem-18282	48	13	private	private	ADJ
fbem-18282	48	14	financial	financial	ADJ
fbem-18282	48	15	sector	sector	NOUN
fbem-18282	48	16	in	in	ADP
fbem-18282	48	17	the	the	DET
fbem-18282	48	18	context	context	NOUN
fbem-18282	48	19	of	of	ADP
fbem-18282	48	20	progressive	progressive	ADJ
fbem-18282	48	21	reforms	reform	NOUN
fbem-18282	48	22	,	,	PUNCT
fbem-18282	48	23	and	and	CCONJ
fbem-18282	48	24	such	such	ADJ
fbem-18282	48	25	power	power	NOUN
fbem-18282	48	26	rents	rent	NOUN
fbem-18282	48	27	are	be	AUX
fbem-18282	48	28	then	then	ADV
fbem-18282	48	29	invested	invest	VERB
fbem-18282	48	30	in	in	ADP
fbem-18282	48	31	the	the	DET
fbem-18282	48	32	market	market	NOUN
fbem-18282	48	33	with	with	ADP
fbem-18282	48	34	tools	tool	NOUN
fbem-18282	48	35	such	such	ADJ
fbem-18282	48	36	as	as	ADP
fbem-18282	48	37	fiscal	fiscal	ADJ
fbem-18282	48	38	policy	policy	NOUN
fbem-18282	48	39	,	,	PUNCT
fbem-18282	48	40	thus	thus	ADV
fbem-18282	48	41	promoting	promote	VERB
fbem-18282	48	42	economic	economic	ADJ
fbem-18282	48	43	development	development	NOUN
fbem-18282	48	44	,	,	PUNCT
fbem-18282	48	45	stability	stability	NOUN
fbem-18282	48	46	in	in	ADP
fbem-18282	48	47	the	the	DET
fbem-18282	48	48	macroeconomic	macroeconomic	ADJ
fbem-18282	48	49	environment	environment	NOUN
fbem-18282	48	50	and	and	CCONJ
fbem-18282	48	51	moderate	moderate	ADJ
fbem-18282	48	52	inflation	inflation	NOUN
fbem-18282	48	53	,	,	PUNCT
fbem-18282	48	54	which	which	PRON
fbem-18282	48	55	are	be	AUX
fbem-18282	48	56	the	the	DET
fbem-18282	48	57	main	main	ADJ
fbem-18282	48	58	elements	element	NOUN
fbem-18282	48	59	of	of	ADP
fbem-18282	48	60	the	the	DET
fbem-18282	48	61	theory	theory	NOUN
fbem-18282	48	62	of	of	ADP
fbem-18282	48	63	financial	financial	ADJ
fbem-18282	48	64	constraints	constraint	NOUN
fbem-18282	48	65	.	.	PUNCT
fbem-18282	49	1	2.2	2.2	NUM
fbem-18282	49	2	.	.	PUNCT
fbem-18282	49	3	theory	theory	NOUN
fbem-18282	49	4	of	of	ADP
fbem-18282	49	5	financial	financial	ADJ
fbem-18282	49	6	repression	repression	NOUN
fbem-18282	49	7	in	in	ADP
fbem-18282	49	8	the	the	DET
fbem-18282	49	9	two	two	NUM
fbem-18282	49	10	decades	decade	NOUN
fbem-18282	49	11	after	after	ADP
fbem-18282	49	12	the	the	DET
fbem-18282	49	13	second	second	ADJ
fbem-18282	49	14	world	world	PROPN
fbem-18282	49	15	war	war	NOUN
fbem-18282	49	16	,	,	PUNCT
fbem-18282	49	17	countries	country	NOUN
fbem-18282	49	18	around	around	ADP
fbem-18282	49	19	the	the	DET
fbem-18282	49	20	world	world	NOUN
fbem-18282	49	21	entered	enter	VERB
fbem-18282	49	22	a	a	DET
fbem-18282	49	23	state	state	NOUN
fbem-18282	49	24	of	of	ADP
fbem-18282	49	25	active	active	ADJ
fbem-18282	49	26	restoration	restoration	NOUN
fbem-18282	49	27	of	of	ADP
fbem-18282	49	28	economic	economic	ADJ
fbem-18282	49	29	growth	growth	NOUN
fbem-18282	49	30	,	,	PUNCT
fbem-18282	49	31	but	but	CCONJ
fbem-18282	49	32	in	in	ADP
fbem-18282	49	33	the	the	DET
fbem-18282	49	34	process	process	NOUN
fbem-18282	49	35	of	of	ADP
fbem-18282	49	36	economic	economic	ADJ
fbem-18282	49	37	development	development	NOUN
fbem-18282	49	38	ignored	ignore	VERB
fbem-18282	49	39	the	the	DET
fbem-18282	49	40	importance	importance	NOUN
fbem-18282	49	41	of	of	ADP
fbem-18282	49	42	financial	financial	ADJ
fbem-18282	49	43	instruments	instrument	NOUN
fbem-18282	49	44	,	,	PUNCT
fbem-18282	49	45	the	the	DET
fbem-18282	49	46	mainstream	mainstream	ADJ
fbem-18282	49	47	western	western	ADJ
fbem-18282	49	48	growth	growth	NOUN
fbem-18282	49	49	theory	theory	NOUN
fbem-18282	49	50	is	be	AUX
fbem-18282	49	51	less	less	ADV
fbem-18282	49	52	involved	involved	ADJ
fbem-18282	49	53	in	in	ADP
fbem-18282	49	54	financial	financial	ADJ
fbem-18282	49	55	theory	theory	NOUN
fbem-18282	49	56	.	.	PUNCT
fbem-18282	50	1	until	until	ADP
fbem-18282	50	2	1973	1973	NUM
fbem-18282	50	3	,	,	PUNCT
fbem-18282	50	4	ronald	ronald	PROPN
fbem-18282	50	5	mckinnon	mckinnon	PROPN
fbem-18282	50	6	and	and	CCONJ
fbem-18282	50	7	edward	edward	PROPN
fbem-18282	50	8	shaw	shaw	PROPN
fbem-18282	50	9	and	and	CCONJ
fbem-18282	50	10	other	other	ADJ
fbem-18282	50	11	research	research	NOUN
fbem-18282	50	12	pointed	point	VERB
fbem-18282	50	13	out	out	ADP
fbem-18282	50	14	that	that	SCONJ
fbem-18282	50	15	the	the	DET
fbem-18282	50	16	backward	backward	ADJ
fbem-18282	50	17	financial	financial	ADJ
fbem-18282	50	18	system	system	NOUN
fbem-18282	50	19	will	will	AUX
fbem-18282	50	20	seriously	seriously	ADV
fbem-18282	50	21	hamper	hamper	VERB
fbem-18282	50	22	the	the	DET
fbem-18282	50	23	economic	economic	ADJ
fbem-18282	50	24	development	development	NOUN
fbem-18282	50	25	,	,	PUNCT
fbem-18282	50	26	and	and	CCONJ
fbem-18282	50	27	financial	financial	ADJ
fbem-18282	50	28	inhibition	inhibition	NOUN
fbem-18282	50	29	is	be	AUX
fbem-18282	50	30	the	the	DET
fbem-18282	50	31	cause	cause	NOUN
fbem-18282	50	32	of	of	ADP
fbem-18282	50	33	the	the	DET
fbem-18282	50	34	backwardness	backwardness	NOUN
fbem-18282	50	35	of	of	ADP
fbem-18282	50	36	the	the	DET
fbem-18282	50	37	financial	financial	ADJ
fbem-18282	50	38	system	system	NOUN
fbem-18282	50	39	,	,	PUNCT
fbem-18282	50	40	the	the	DET
fbem-18282	50	41	main	main	ADJ
fbem-18282	50	42	financial	financial	ADJ
fbem-18282	50	43	inhibition	inhibition	NOUN
fbem-18282	50	44	manifested	manifest	VERB
fbem-18282	50	45	in	in	ADP
fbem-18282	50	46	the	the	DET
fbem-18282	50	47	following	follow	VERB
fbem-18282	50	48	aspects	aspect	NOUN
fbem-18282	50	49	:	:	PUNCT
fbem-18282	50	50	(	(	PUNCT
fbem-18282	50	51	1	1	X
fbem-18282	50	52	)	)	PUNCT
fbem-18282	50	53	the	the	DET
fbem-18282	50	54	imposition	imposition	NOUN
fbem-18282	50	55	of	of	ADP
fbem-18282	50	56	credit	credit	NOUN
fbem-18282	50	57	rate	rate	NOUN
fbem-18282	50	58	control	control	NOUN
fbem-18282	50	59	and	and	CCONJ
fbem-18282	50	60	inflation	inflation	NOUN
fbem-18282	50	61	depresses	depress	VERB
fbem-18282	50	62	the	the	DET
fbem-18282	50	63	real	real	ADJ
fbem-18282	50	64	interest	interest	NOUN
fbem-18282	50	65	rate	rate	NOUN
fbem-18282	50	66	.	.	PUNCT
fbem-18282	51	1	in	in	ADP
fbem-18282	51	2	order	order	NOUN
fbem-18282	51	3	to	to	PART
fbem-18282	51	4	reduce	reduce	VERB
fbem-18282	51	5	the	the	DET
fbem-18282	51	6	cost	cost	NOUN
fbem-18282	51	7	of	of	ADP
fbem-18282	51	8	capital	capital	NOUN
fbem-18282	51	9	in	in	ADP
fbem-18282	51	10	the	the	DET
fbem-18282	51	11	state	state	NOUN
fbem-18282	51	12	sector	sector	NOUN
fbem-18282	51	13	,	,	PUNCT
fbem-18282	51	14	and	and	CCONJ
fbem-18282	51	15	the	the	DET
fbem-18282	51	16	implementation	implementation	NOUN
fbem-18282	51	17	of	of	ADP
fbem-18282	51	18	lending	lending	NOUN
fbem-18282	51	19	rate	rate	NOUN
fbem-18282	51	20	control	control	NOUN
fbem-18282	51	21	:	:	PUNCT
fbem-18282	51	22	rely	rely	VERB
fbem-18282	51	23	on	on	ADP
fbem-18282	51	24	inflation	inflation	NOUN
fbem-18282	51	25	to	to	PART
fbem-18282	51	26	make	make	VERB
fbem-18282	51	27	up	up	ADP
fbem-18282	51	28	for	for	ADP
fbem-18282	51	29	the	the	DET
fbem-18282	51	30	fiscal	fiscal	ADJ
fbem-18282	51	31	deficit	deficit	NOUN
fbem-18282	51	32	,	,	PUNCT
fbem-18282	51	33	resulting	result	VERB
fbem-18282	51	34	in	in	ADP
fbem-18282	51	35	hyperinflation	hyperinflation	NOUN
fbem-18282	51	36	phenomenon	phenomenon	NOUN
fbem-18282	51	37	,	,	PUNCT
fbem-18282	51	38	so	so	SCONJ
fbem-18282	51	39	that	that	SCONJ
fbem-18282	51	40	the	the	DET
fbem-18282	51	41	real	real	ADJ
fbem-18282	51	42	deposit	deposit	NOUN
fbem-18282	51	43	and	and	CCONJ
fbem-18282	51	44	loan	loan	NOUN
fbem-18282	51	45	interest	interest	NOUN
fbem-18282	51	46	rates	rate	NOUN
fbem-18282	51	47	down	down	ADP
fbem-18282	51	48	.	.	PUNCT
fbem-18282	52	1	(	(	PUNCT
fbem-18282	52	2	2	2	X
fbem-18282	52	3	)	)	PUNCT
fbem-18282	52	4	artificially	artificially	ADV
fbem-18282	52	5	low	low	ADJ
fbem-18282	52	6	interest	interest	NOUN
fbem-18282	52	7	rate	rate	NOUN
fbem-18282	52	8	policy	policy	NOUN
fbem-18282	52	9	brings	bring	VERB
fbem-18282	52	10	low	low	ADJ
fbem-18282	52	11	savings	saving	NOUN
fbem-18282	52	12	and	and	CCONJ
fbem-18282	52	13	low	low	ADJ
fbem-18282	52	14	capital	capital	NOUN
fbem-18282	52	15	allocation	allocation	NOUN
fbem-18282	52	16	efficiency	efficiency	NOUN
fbem-18282	52	17	.	.	PUNCT
fbem-18282	53	1	interest	interest	NOUN
fbem-18282	53	2	rate	rate	NOUN
fbem-18282	53	3	control	control	NOUN
fbem-18282	53	4	is	be	AUX
fbem-18282	53	5	usually	usually	ADV
fbem-18282	53	6	coupled	couple	VERB
fbem-18282	53	7	with	with	ADP
fbem-18282	53	8	credit	credit	NOUN
fbem-18282	53	9	rationing	ration	VERB
fbem-18282	53	10	policy	policy	NOUN
fbem-18282	53	11	to	to	PART
fbem-18282	53	12	allocate	allocate	VERB
fbem-18282	53	13	scarce	scarce	ADJ
fbem-18282	53	14	market	market	NOUN
fbem-18282	53	15	funds	fund	NOUN
fbem-18282	53	16	,	,	PUNCT
fbem-18282	53	17	the	the	DET
fbem-18282	53	18	government	government	NOUN
fbem-18282	53	19	guides	guide	VERB
fbem-18282	53	20	the	the	DET
fbem-18282	53	21	flow	flow	NOUN
fbem-18282	53	22	of	of	ADP
fbem-18282	53	23	funds	fund	NOUN
fbem-18282	53	24	to	to	ADP
fbem-18282	53	25	its	its	PRON
fbem-18282	53	26	own	own	ADJ
fbem-18282	53	27	preferred	preferred	ADJ
fbem-18282	53	28	sectors	sector	NOUN
fbem-18282	53	29	and	and	CCONJ
fbem-18282	53	30	industries	industry	NOUN
fbem-18282	53	31	,	,	PUNCT
fbem-18282	53	32	unfair	unfair	ADJ
fbem-18282	53	33	allocation	allocation	NOUN
fbem-18282	53	34	of	of	ADP
fbem-18282	53	35	funds	fund	NOUN
fbem-18282	53	36	to	to	PART
fbem-18282	53	37	split	split	VERB
fbem-18282	53	38	and	and	CCONJ
fbem-18282	53	39	limit	limit	VERB
fbem-18282	53	40	the	the	DET
fbem-18282	53	41	development	development	NOUN
fbem-18282	53	42	of	of	ADP
fbem-18282	53	43	the	the	DET
fbem-18282	53	44	financial	financial	ADJ
fbem-18282	53	45	market	market	NOUN
fbem-18282	53	46	,	,	PUNCT
fbem-18282	53	47	and	and	CCONJ
fbem-18282	53	48	the	the	DET
fbem-18282	53	49	government	government	NOUN
fbem-18282	53	50	's	's	PART
fbem-18282	53	51	preferred	preferred	ADJ
fbem-18282	53	52	projects	project	NOUN
fbem-18282	53	53	are	be	AUX
fbem-18282	53	54	often	often	ADV
fbem-18282	53	55	not	not	PART
fbem-18282	53	56	optimal	optimal	ADJ
fbem-18282	53	57	rate	rate	NOUN
fbem-18282	53	58	of	of	ADP
fbem-18282	53	59	return	return	NOUN
fbem-18282	53	60	on	on	ADP
fbem-18282	53	61	investment	investment	NOUN
fbem-18282	53	62	,	,	PUNCT
fbem-18282	53	63	so	so	CCONJ
fbem-18282	53	64	the	the	DET
fbem-18282	53	65	formation	formation	NOUN
fbem-18282	53	66	of	of	ADP
fbem-18282	53	67	a	a	DET
fbem-18282	53	68	low	low	ADJ
fbem-18282	53	69	interest	interest	NOUN
fbem-18282	53	70	rates	rate	NOUN
fbem-18282	53	71	lead	lead	VERB
fbem-18282	53	72	to	to	ADP
fbem-18282	53	73	low	low	ADJ
fbem-18282	53	74	savings	saving	NOUN
fbem-18282	53	75	,	,	PUNCT
fbem-18282	53	76	low	low	ADJ
fbem-18282	53	77	yields	yield	NOUN
fbem-18282	53	78	caused	cause	VERB
fbem-18282	53	79	by	by	ADP
fbem-18282	53	80	the	the	DET
fbem-18282	53	81	vicious	vicious	ADJ
fbem-18282	53	82	circle	circle	NOUN
fbem-18282	53	83	of	of	ADP
fbem-18282	53	84	low	low	ADJ
fbem-18282	53	85	interest	interest	NOUN
fbem-18282	53	86	rates	rate	NOUN
fbem-18282	53	87	,	,	PUNCT
fbem-18282	53	88	so	so	SCONJ
fbem-18282	53	89	that	that	SCONJ
fbem-18282	53	90	the	the	DET
fbem-18282	53	91	use	use	NOUN
fbem-18282	53	92	of	of	ADP
fbem-18282	53	93	funds	fund	NOUN
fbem-18282	53	94	is	be	AUX
fbem-18282	53	95	very	very	ADV
fbem-18282	53	96	inefficient	inefficient	ADJ
fbem-18282	53	97	.	.	PUNCT
fbem-18282	54	1	(	(	PUNCT
fbem-18282	54	2	3	3	X
fbem-18282	54	3	)	)	PUNCT
fbem-18282	54	4	strict	strict	ADJ
fbem-18282	54	5	control	control	NOUN
fbem-18282	54	6	over	over	ADP
fbem-18282	54	7	the	the	DET
fbem-18282	54	8	establishment	establishment	NOUN
fbem-18282	54	9	and	and	CCONJ
fbem-18282	54	10	operation	operation	NOUN
fbem-18282	54	11	of	of	ADP
fbem-18282	54	12	financial	financial	ADJ
fbem-18282	54	13	institutions	institution	NOUN
fbem-18282	54	14	.	.	PUNCT
fbem-18282	55	1	higher	high	ADJ
fbem-18282	55	2	reserve	reserve	PROPN
fbem-18282	55	3	ratios	ratio	NOUN
fbem-18282	55	4	and	and	CCONJ
fbem-18282	55	5	liquidity	liquidity	NOUN
fbem-18282	55	6	requirements	requirement	NOUN
fbem-18282	55	7	,	,	PUNCT
fbem-18282	55	8	artificially	artificially	ADV
fbem-18282	55	9	guiding	guide	VERB
fbem-18282	55	10	the	the	DET
fbem-18282	55	11	flow	flow	NOUN
fbem-18282	55	12	of	of	ADP
fbem-18282	55	13	funds	fund	NOUN
fbem-18282	55	14	,	,	PUNCT
fbem-18282	55	15	and	and	CCONJ
fbem-18282	55	16	so	so	ADV
fbem-18282	55	17	on	on	ADV
fbem-18282	55	18	,	,	PUNCT
fbem-18282	55	19	are	be	AUX
fbem-18282	55	20	all	all	PRON
fbem-18282	55	21	manifestations	manifestation	NOUN
fbem-18282	55	22	of	of	ADP
fbem-18282	55	23	the	the	DET
fbem-18282	55	24	strict	strict	ADJ
fbem-18282	55	25	control	control	NOUN
fbem-18282	55	26	imposed	impose	VERB
fbem-18282	55	27	on	on	ADP
fbem-18282	55	28	financial	financial	ADJ
fbem-18282	55	29	institutions	institution	NOUN
fbem-18282	55	30	.	.	PUNCT
fbem-18282	56	1	high	high	ADJ
fbem-18282	56	2	transaction	transaction	NOUN
fbem-18282	56	3	and	and	CCONJ
fbem-18282	56	4	income	income	NOUN
fbem-18282	56	5	taxes	taxis	NOUN
fbem-18282	56	6	on	on	ADP
fbem-18282	56	7	privately	privately	ADV
fbem-18282	56	8	owned	own	VERB
fbem-18282	56	9	bonds	bond	NOUN
fbem-18282	56	10	and	and	CCONJ
fbem-18282	56	11	securities	security	NOUN
fbem-18282	56	12	,	,	PUNCT
fbem-18282	56	13	excessive	excessive	ADJ
fbem-18282	56	14	reserve	reserve	NOUN
fbem-18282	56	15	requirements	requirement	NOUN
fbem-18282	56	16	for	for	ADP
fbem-18282	56	17	financial	financial	ADJ
fbem-18282	56	18	institutions	institution	NOUN
fbem-18282	56	19	and	and	CCONJ
fbem-18282	56	20	the	the	DET
fbem-18282	56	21	policy	policy	NOUN
fbem-18282	56	22	of	of	ADP
fbem-18282	56	23	mandatory	mandatory	ADJ
fbem-18282	56	24	holding	holding	NOUN
fbem-18282	56	25	of	of	ADP
fbem-18282	56	26	government	government	NOUN
fbem-18282	56	27	bonds	bond	NOUN
fbem-18282	56	28	,	,	PUNCT
fbem-18282	56	29	thus	thus	ADV
fbem-18282	56	30	enabling	enable	VERB
fbem-18282	56	31	the	the	DET
fbem-18282	56	32	government	government	NOUN
fbem-18282	56	33	to	to	PART
fbem-18282	56	34	raise	raise	VERB
fbem-18282	56	35	low	low	ADJ
fbem-18282	56	36	-	-	PUNCT
fbem-18282	56	37	cost	cost	NOUN
fbem-18282	56	38	financing	financing	NOUN
fbem-18282	56	39	in	in	ADP
fbem-18282	56	40	the	the	DET
fbem-18282	56	41	context	context	NOUN
fbem-18282	56	42	of	of	ADP
fbem-18282	56	43	financial	financial	ADJ
fbem-18282	56	44	repression	repression	NOUN
fbem-18282	56	45	policies	policy	NOUN
fbem-18282	56	46	,	,	PUNCT
fbem-18282	56	47	have	have	AUX
fbem-18282	56	48	led	lead	VERB
fbem-18282	56	49	to	to	ADP
fbem-18282	56	50	high	high	ADJ
fbem-18282	56	51	operating	operating	NOUN
fbem-18282	56	52	costs	cost	NOUN
fbem-18282	56	53	and	and	CCONJ
fbem-18282	56	54	a	a	DET
fbem-18282	56	55	single	single	ADJ
fbem-18282	56	56	revenue	revenue	NOUN
fbem-18282	56	57	component	component	NOUN
fbem-18282	56	58	for	for	ADP
fbem-18282	56	59	financial	financial	ADJ
fbem-18282	56	60	institutions	institution	NOUN
fbem-18282	56	61	.	.	PUNCT
fbem-18282	57	1	2.3	2.3	NUM
fbem-18282	57	2	.	.	PUNCT
fbem-18282	57	3	financial	financial	ADJ
fbem-18282	57	4	deepening	deepening	NOUN
fbem-18282	57	5	theory	theory	NOUN
fbem-18282	57	6	financial	financial	ADJ
fbem-18282	57	7	deepening	deepening	NOUN
fbem-18282	57	8	policies	policy	NOUN
fbem-18282	57	9	,	,	PUNCT
fbem-18282	57	10	such	such	ADJ
fbem-18282	57	11	as	as	ADP
fbem-18282	57	12	the	the	DET
fbem-18282	57	13	marketisation	marketisation	NOUN
fbem-18282	57	14	of	of	ADP
fbem-18282	57	15	interest	interest	NOUN
fbem-18282	57	16	rates	rate	NOUN
fbem-18282	57	17	,	,	PUNCT
fbem-18282	57	18	can	can	AUX
fbem-18282	57	19	alleviate	alleviate	VERB
fbem-18282	57	20	the	the	DET
fbem-18282	57	21	distress	distress	NOUN
fbem-18282	57	22	caused	cause	VERB
fbem-18282	57	23	by	by	ADP
fbem-18282	57	24	financial	financial	ADJ
fbem-18282	57	25	repression	repression	NOUN
fbem-18282	57	26	and	and	CCONJ
fbem-18282	57	27	have	have	VERB
fbem-18282	57	28	a	a	DET
fbem-18282	57	29	number	number	NOUN
fbem-18282	57	30	of	of	ADP
fbem-18282	57	31	positive	positive	ADJ
fbem-18282	57	32	effects	effect	NOUN
fbem-18282	57	33	:	:	PUNCT
fbem-18282	57	34	(	(	PUNCT
fbem-18282	57	35	1	1	X
fbem-18282	57	36	)	)	PUNCT
fbem-18282	57	37	rising	rise	VERB
fbem-18282	57	38	savings	saving	NOUN
fbem-18282	57	39	rates	rate	NOUN
fbem-18282	57	40	.	.	PUNCT
fbem-18282	58	1	the	the	DET
fbem-18282	58	2	deregulation	deregulation	NOUN
fbem-18282	58	3	of	of	ADP
fbem-18282	58	4	interest	interest	NOUN
fbem-18282	58	5	rates	rate	NOUN
fbem-18282	58	6	has	have	AUX
fbem-18282	58	7	led	lead	VERB
fbem-18282	58	8	to	to	ADP
fbem-18282	58	9	higher	high	ADJ
fbem-18282	58	10	savings	saving	NOUN
fbem-18282	58	11	rates	rate	NOUN
fbem-18282	58	12	and	and	CCONJ
fbem-18282	58	13	a	a	DET
fbem-18282	58	14	wider	wide	ADJ
fbem-18282	58	15	choice	choice	NOUN
fbem-18282	58	16	of	of	ADP
fbem-18282	58	17	assets	asset	NOUN
fbem-18282	58	18	,	,	PUNCT
fbem-18282	58	19	thereby	thereby	ADV
fbem-18282	58	20	increasing	increase	VERB
fbem-18282	58	21	incentives	incentive	NOUN
fbem-18282	58	22	to	to	PART
fbem-18282	58	23	save	save	VERB
fbem-18282	58	24	and	and	CCONJ
fbem-18282	58	25	raising	raise	VERB
fbem-18282	58	26	the	the	DET
fbem-18282	58	27	share	share	NOUN
fbem-18282	58	28	of	of	ADP
fbem-18282	58	29	domestic	domestic	ADJ
fbem-18282	58	30	savings	saving	NOUN
fbem-18282	58	31	in	in	ADP
fbem-18282	58	32	income	income	NOUN
fbem-18282	58	33	.	.	PUNCT
fbem-18282	59	1	at	at	ADP
fbem-18282	59	2	the	the	DET
fbem-18282	59	3	same	same	ADJ
fbem-18282	59	4	time	time	NOUN
fbem-18282	59	5	,	,	PUNCT
fbem-18282	59	6	the	the	DET
fbem-18282	59	7	exchange	exchange	NOUN
fbem-18282	59	8	rate	rate	NOUN
fbem-18282	59	9	determination	determination	NOUN
fbem-18282	59	10	mechanism	mechanism	NOUN
fbem-18282	59	11	has	have	AUX
fbem-18282	59	12	been	be	AUX
fbem-18282	59	13	improved	improve	VERB
fbem-18282	59	14	,	,	PUNCT
fbem-18282	59	15	making	make	VERB
fbem-18282	59	16	it	it	PRON
fbem-18282	59	17	easier	easy	ADJ
fbem-18282	59	18	to	to	PART
fbem-18282	59	19	raise	raise	VERB
fbem-18282	59	20	funds	fund	NOUN
fbem-18282	59	21	in	in	ADP
fbem-18282	59	22	international	international	ADJ
fbem-18282	59	23	capital	capital	NOUN
fbem-18282	59	24	markets	market	NOUN
fbem-18282	59	25	and	and	CCONJ
fbem-18282	59	26	reversing	reverse	VERB
fbem-18282	59	27	capital	capital	NOUN
fbem-18282	59	28	flight	flight	NOUN
fbem-18282	59	29	.	.	PUNCT
fbem-18282	60	1	(	(	PUNCT
fbem-18282	60	2	2	2	X
fbem-18282	60	3	)	)	PUNCT
fbem-18282	60	4	increased	increase	VERB
fbem-18282	60	5	investment	investment	NOUN
fbem-18282	60	6	.	.	PUNCT
fbem-18282	61	1	interest	interest	NOUN
fbem-18282	61	2	rates	rate	NOUN
fbem-18282	61	3	play	play	VERB
fbem-18282	61	4	an	an	DET
fbem-18282	61	5	effective	effective	ADJ
fbem-18282	61	6	role	role	NOUN
fbem-18282	61	7	in	in	ADP
fbem-18282	61	8	guiding	guide	VERB
fbem-18282	61	9	the	the	DET
fbem-18282	61	10	allocation	allocation	NOUN
fbem-18282	61	11	of	of	ADP
fbem-18282	61	12	resources	resource	NOUN
fbem-18282	61	13	.	.	PUNCT
fbem-18282	62	1	pricing	pricing	NOUN
fbem-18282	62	2	power	power	NOUN
fbem-18282	62	3	returns	return	NOUN
fbem-18282	62	4	to	to	ADP
fbem-18282	62	5	the	the	DET
fbem-18282	62	6	market	market	NOUN
fbem-18282	62	7	,	,	PUNCT
fbem-18282	62	8	asset	asset	NOUN
fbem-18282	62	9	information	information	NOUN
fbem-18282	62	10	disclosure	disclosure	NOUN
fbem-18282	62	11	is	be	AUX
fbem-18282	62	12	more	more	ADV
fbem-18282	62	13	complete	complete	ADJ
fbem-18282	62	14	,	,	PUNCT
fbem-18282	62	15	and	and	CCONJ
fbem-18282	62	16	investors	investor	NOUN
fbem-18282	62	17	are	be	AUX
fbem-18282	62	18	able	able	ADJ
fbem-18282	62	19	to	to	PART
fbem-18282	62	20	independently	independently	ADV
fbem-18282	62	21	choose	choose	VERB
fbem-18282	62	22	financial	financial	ADJ
fbem-18282	62	23	assets	asset	NOUN
fbem-18282	62	24	with	with	ADP
fbem-18282	62	25	different	different	ADJ
fbem-18282	62	26	risks	risk	NOUN
fbem-18282	62	27	and	and	CCONJ
fbem-18282	62	28	returns	return	NOUN
fbem-18282	62	29	.	.	PUNCT
fbem-18282	63	1	at	at	ADP
fbem-18282	63	2	the	the	DET
fbem-18282	63	3	same	same	ADJ
fbem-18282	63	4	time	time	NOUN
fbem-18282	63	5	,	,	PUNCT
fbem-18282	63	6	the	the	DET
fbem-18282	63	7	demand	demand	NOUN
fbem-18282	63	8	for	for	ADP
fbem-18282	63	9	funds	fund	NOUN
fbem-18282	63	10	has	have	VERB
fbem-18282	63	11	fair	fair	ADJ
fbem-18282	63	12	access	access	NOUN
fbem-18282	63	13	to	to	ADP
fbem-18282	63	14	funds	fund	NOUN
fbem-18282	63	15	,	,	PUNCT
fbem-18282	63	16	thus	thus	ADV
fbem-18282	63	17	optimising	optimise	VERB
fbem-18282	63	18	the	the	DET
fbem-18282	63	19	allocation	allocation	NOUN
fbem-18282	63	20	of	of	ADP
fbem-18282	63	21	savings	saving	NOUN
fbem-18282	63	22	.	.	PUNCT
fbem-18282	64	1	(	(	PUNCT
fbem-18282	64	2	3	3	X
fbem-18282	64	3	)	)	PUNCT
fbem-18282	64	4	improving	improve	VERB
fbem-18282	64	5	unemployment	unemployment	NOUN
fbem-18282	64	6	.	.	PUNCT
fbem-18282	65	1	under	under	ADP
fbem-18282	65	2	financial	financial	ADJ
fbem-18282	65	3	inhibition	inhibition	NOUN
fbem-18282	65	4	,	,	PUNCT
fbem-18282	65	5	low	low	ADJ
fbem-18282	65	6	interest	interest	NOUN
fbem-18282	65	7	rates	rate	NOUN
fbem-18282	65	8	lead	lead	VERB
fbem-18282	65	9	to	to	ADP
fbem-18282	65	10	low	low	ADJ
fbem-18282	65	11	savings	saving	NOUN
fbem-18282	65	12	,	,	PUNCT
fbem-18282	65	13	scarce	scarce	ADJ
fbem-18282	65	14	financial	financial	ADJ
fbem-18282	65	15	resources	resource	NOUN
fbem-18282	65	16	are	be	AUX
fbem-18282	65	17	invested	invest	VERB
fbem-18282	65	18	in	in	ADP
fbem-18282	65	19	non	non	ADJ
fbem-18282	65	20	-	-	ADJ
fbem-18282	65	21	optimal	optimal	ADJ
fbem-18282	65	22	choices	choice	NOUN
fbem-18282	65	23	of	of	ADP
fbem-18282	65	24	enterprises	enterprise	NOUN
fbem-18282	65	25	,	,	PUNCT
fbem-18282	65	26	and	and	CCONJ
fbem-18282	65	27	poor	poor	ADJ
fbem-18282	65	28	profitability	profitability	NOUN
fbem-18282	65	29	of	of	ADP
fbem-18282	65	30	enterprises	enterprise	NOUN
fbem-18282	65	31	easily	easily	ADV
fbem-18282	65	32	triggers	trigger	VERB
fbem-18282	65	33	bankruptcy	bankruptcy	NOUN
fbem-18282	65	34	,	,	PUNCT
fbem-18282	65	35	which	which	PRON
fbem-18282	65	36	aggravates	aggravate	VERB
fbem-18282	65	37	the	the	DET
fbem-18282	65	38	emergence	emergence	NOUN
fbem-18282	65	39	of	of	ADP
fbem-18282	65	40	unemployment	unemployment	NOUN
fbem-18282	65	41	.	.	PUNCT
fbem-18282	66	1	therefore	therefore	ADV
fbem-18282	66	2	,	,	PUNCT
fbem-18282	66	3	the	the	DET
fbem-18282	66	4	implementation	implementation	NOUN
fbem-18282	66	5	of	of	ADP
fbem-18282	66	6	financial	financial	ADJ
fbem-18282	66	7	liberalisation	liberalisation	NOUN
fbem-18282	66	8	in	in	ADP
fbem-18282	66	9	a	a	DET
fbem-18282	66	10	backward	backward	ADJ
fbem-18282	66	11	economy	economy	NOUN
fbem-18282	66	12	can	can	AUX
fbem-18282	66	13	help	help	VERB
fbem-18282	66	14	alleviate	alleviate	VERB
fbem-18282	66	15	unemployment	unemployment	NOUN
fbem-18282	66	16	.	.	PUNCT
fbem-18282	67	1	(	(	PUNCT
fbem-18282	67	2	4	4	X
fbem-18282	67	3	)	)	PUNCT
fbem-18282	67	4	promote	promote	VERB
fbem-18282	67	5	economic	economic	ADJ
fbem-18282	67	6	stability	stability	NOUN
fbem-18282	67	7	.	.	PUNCT
fbem-18282	68	1	the	the	DET
fbem-18282	68	2	reliance	reliance	NOUN
fbem-18282	68	3	on	on	ADP
fbem-18282	68	4	inflation	inflation	NOUN
fbem-18282	68	5	to	to	PART
fbem-18282	68	6	solve	solve	VERB
fbem-18282	68	7	the	the	DET
fbem-18282	68	8	fiscal	fiscal	ADJ
fbem-18282	68	9	budget	budget	NOUN
fbem-18282	68	10	can	can	AUX
fbem-18282	68	11	be	be	AUX
fbem-18282	68	12	effectively	effectively	ADV
fbem-18282	68	13	mitigated	mitigate	VERB
fbem-18282	68	14	,	,	PUNCT
fbem-18282	68	15	and	and	CCONJ
fbem-18282	68	16	the	the	DET
fbem-18282	68	17	increase	increase	NOUN
fbem-18282	68	18	in	in	ADP
fbem-18282	68	19	savings	saving	NOUN
fbem-18282	68	20	provides	provide	VERB
fbem-18282	68	21	the	the	DET
fbem-18282	68	22	possibility	possibility	NOUN
fbem-18282	68	23	of	of	ADP
fbem-18282	68	24	stable	stable	ADJ
fbem-18282	68	25	fiscal	fiscal	ADJ
fbem-18282	68	26	and	and	CCONJ
fbem-18282	68	27	monetary	monetary	ADJ
fbem-18282	68	28	policies	policy	NOUN
fbem-18282	68	29	,	,	PUNCT
fbem-18282	68	30	while	while	SCONJ
fbem-18282	68	31	enhancing	enhance	VERB
fbem-18282	68	32	the	the	DET
fbem-18282	68	33	ability	ability	NOUN
fbem-18282	68	34	to	to	PART
fbem-18282	68	35	withstand	withstand	VERB
fbem-18282	68	36	fluctuations	fluctuation	NOUN
fbem-18282	68	37	in	in	ADP
fbem-18282	68	38	international	international	ADJ
fbem-18282	68	39	trade	trade	NOUN
fbem-18282	68	40	,	,	PUNCT
fbem-18282	68	41	credit	credit	NOUN
fbem-18282	68	42	and	and	CCONJ
fbem-18282	68	43	other	other	ADJ
fbem-18282	68	44	risks	risk	NOUN
fbem-18282	68	45	.	.	PUNCT
fbem-18282	69	1	the	the	DET
fbem-18282	69	2	ability	ability	NOUN
fbem-18282	69	3	of	of	ADP
fbem-18282	69	4	financial	financial	ADJ
fbem-18282	69	5	deepening	deepening	NOUN
fbem-18282	69	6	to	to	PART
fbem-18282	69	7	promote	promote	VERB
fbem-18282	69	8	economic	economic	ADJ
fbem-18282	69	9	growth	growth	NOUN
fbem-18282	69	10	has	have	AUX
fbem-18282	69	11	contributed	contribute	VERB
fbem-18282	69	12	to	to	ADP
fbem-18282	69	13	the	the	DET
fbem-18282	69	14	implementation	implementation	NOUN
fbem-18282	69	15	of	of	ADP
fbem-18282	69	16	financial	financial	ADJ
fbem-18282	69	17	liberalisation	liberalisation	NOUN
fbem-18282	69	18	reforms	reform	NOUN
fbem-18282	69	19	,	,	PUNCT
fbem-18282	69	20	such	such	ADJ
fbem-18282	69	21	as	as	ADP
fbem-18282	69	22	the	the	DET
fbem-18282	69	23	marketisation	marketisation	NOUN
fbem-18282	69	24	of	of	ADP
fbem-18282	69	25	interest	interest	NOUN
fbem-18282	69	26	rates	rate	NOUN
fbem-18282	69	27	and	and	CCONJ
fbem-18282	69	28	the	the	DET
fbem-18282	69	29	reduction	reduction	NOUN
fbem-18282	69	30	of	of	ADP
fbem-18282	69	31	government	government	NOUN
fbem-18282	69	32	intervention	intervention	NOUN
fbem-18282	69	33	,	,	PUNCT
fbem-18282	69	34	in	in	ADP
fbem-18282	69	35	many	many	ADJ
fbem-18282	69	36	countries	country	NOUN
fbem-18282	69	37	at	at	ADP
fbem-18282	69	38	different	different	ADJ
fbem-18282	69	39	levels	level	NOUN
fbem-18282	69	40	of	of	ADP
fbem-18282	69	41	economic	economic	ADJ
fbem-18282	69	42	development	development	NOUN
fbem-18282	69	43	since	since	SCONJ
fbem-18282	69	44	the	the	DET
fbem-18282	69	45	1970s	1970	NOUN
fbem-18282	69	46	.	.	PUNCT
fbem-18282	70	1	3	3	X
fbem-18282	70	2	.	.	NOUN
fbem-18282	70	3	empirical	empirical	ADJ
fbem-18282	70	4	analysis	analysis	NOUN
fbem-18282	70	5	of	of	ADP
fbem-18282	70	6	the	the	DET
fbem-18282	70	7	impact	impact	NOUN
fbem-18282	70	8	of	of	ADP
fbem-18282	70	9	interest	interest	NOUN
fbem-18282	70	10	rate	rate	NOUN
fbem-18282	70	11	marketisation	marketisation	NOUN
fbem-18282	70	12	on	on	ADP
fbem-18282	70	13	the	the	DET
fbem-18282	70	14	profitability	profitability	NOUN
fbem-18282	70	15	of	of	ADP
fbem-18282	70	16	commercial	commercial	ADJ
fbem-18282	70	17	banks	bank	NOUN
fbem-18282	70	18	3.1	3.1	NUM
fbem-18282	70	19	.	.	PUNCT
fbem-18282	70	20	model	model	NOUN
fbem-18282	70	21	selection	selection	NOUN
fbem-18282	70	22	and	and	CCONJ
fbem-18282	70	23	establishment	establishment	NOUN
fbem-18282	70	24	3.1.1	3.1.1	NUM
fbem-18282	70	25	.	.	PUNCT
fbem-18282	71	1	data	datum	NOUN
fbem-18282	71	2	selection	selection	NOUN
fbem-18282	71	3	the	the	DET
fbem-18282	71	4	data	datum	NOUN
fbem-18282	71	5	in	in	ADP
fbem-18282	71	6	this	this	DET
fbem-18282	71	7	paper	paper	NOUN
fbem-18282	71	8	are	be	AUX
fbem-18282	71	9	selected	select	VERB
fbem-18282	71	10	from	from	ADP
fbem-18282	71	11	the	the	DET
fbem-18282	71	12	panel	panel	NOUN
fbem-18282	71	13	data	datum	NOUN
fbem-18282	71	14	of	of	ADP
fbem-18282	71	15	16	16	NUM
fbem-18282	71	16	listed	list	VERB
fbem-18282	71	17	commercial	commercial	ADJ
fbem-18282	71	18	banks	bank	NOUN
fbem-18282	71	19	in	in	ADP
fbem-18282	71	20	china	china	PROPN
fbem-18282	71	21	,	,	PUNCT
fbem-18282	71	22	macro	macro	ADJ
fbem-18282	71	23	gdp	gdp	NOUN
fbem-18282	71	24	growth	growth	NOUN
fbem-18282	71	25	rate	rate	NOUN
fbem-18282	71	26	(	(	PUNCT
fbem-18282	71	27	gdpr	gdpr	NOUN
fbem-18282	71	28	)	)	PUNCT
fbem-18282	71	29	and	and	CCONJ
fbem-18282	71	30	broad	broad	ADJ
fbem-18282	71	31	money	money	NOUN
fbem-18282	71	32	supply	supply	NOUN
fbem-18282	71	33	growth	growth	NOUN
fbem-18282	71	34	rate	rate	NOUN
fbem-18282	71	35	(	(	PUNCT
fbem-18282	71	36	m2	m2	PROPN
fbem-18282	71	37	)	)	PUNCT
fbem-18282	71	38	from	from	ADP
fbem-18282	71	39	2007	2007	NUM
fbem-18282	71	40	2022	2022	NUM
fbem-18282	71	41	.	.	PUNCT
fbem-18282	72	1	the	the	DET
fbem-18282	72	2	16	16	NUM
fbem-18282	72	3	commercial	commercial	ADJ
fbem-18282	72	4	banks	bank	NOUN
fbem-18282	72	5	,	,	PUNCT
fbem-18282	72	6	see	see	VERB
fbem-18282	72	7	table	table	NOUN
fbem-18282	72	8	1	1	NUM
fbem-18282	72	9	below	below	ADV
fbem-18282	72	10	.	.	PUNCT
fbem-18282	73	1	table	table	NOUN
fbem-18282	73	2	1	1	NUM
fbem-18282	73	3	.	.	PUNCT
fbem-18282	74	1	sample	sample	NOUN
fbem-18282	74	2	banks	bank	NOUN
fbem-18282	74	3	bank	bank	PROPN
fbem-18282	74	4	classification	classification	NOUN
fbem-18282	74	5	sample	sample	NOUN
fbem-18282	74	6	banks	bank	NOUN
fbem-18282	74	7	5	5	NUM
fbem-18282	74	8	large	large	ADJ
fbem-18282	74	9	state	state	NOUN
fbem-18282	74	10	-	-	PUNCT
fbem-18282	74	11	owned	own	VERB
fbem-18282	74	12	banks	bank	NOUN
fbem-18282	74	13	bank	bank	PROPN
fbem-18282	74	14	of	of	ADP
fbem-18282	74	15	china	china	PROPN
fbem-18282	74	16	(	(	PUNCT
fbem-18282	74	17	boc	boc	PROPN
fbem-18282	74	18	)	)	PUNCT
fbem-18282	74	19	bank	bank	NOUN
fbem-18282	74	20	of	of	ADP
fbem-18282	74	21	communications	communication	NOUN
fbem-18282	74	22	agricultural	agricultural	PROPN
fbem-18282	74	23	bank	bank	PROPN
fbem-18282	74	24	of	of	ADP
fbem-18282	74	25	china	china	PROPN
fbem-18282	74	26	industrial	industrial	ADJ
fbem-18282	74	27	and	and	CCONJ
fbem-18282	74	28	commercial	commercial	ADJ
fbem-18282	74	29	bank	bank	PROPN
fbem-18282	74	30	of	of	ADP
fbem-18282	74	31	china	china	PROPN
fbem-18282	74	32	construction	construction	PROPN
fbem-18282	74	33	bank	bank	PROPN
fbem-18282	74	34	of	of	ADP
fbem-18282	74	35	china	china	PROPN
fbem-18282	74	36	8	8	NUM
fbem-18282	74	37	joint	joint	ADJ
fbem-18282	74	38	-	-	PUNCT
fbem-18282	74	39	stock	stock	NOUN
fbem-18282	74	40	banks	bank	NOUN
fbem-18282	74	41	china	china	PROPN
fbem-18282	74	42	citic	citic	PROPN
fbem-18282	74	43	bank	bank	PROPN
fbem-18282	74	44	société	société	PROPN
fbem-18282	74	45	générale	générale	PROPN
fbem-18282	74	46	ping	ping	PROPN
fbem-18282	74	47	an	an	DET
fbem-18282	74	48	bank	bank	PROPN
fbem-18282	74	49	minsheng	minsheng	PROPN
fbem-18282	74	50	bank	bank	PROPN
fbem-18282	74	51	china	china	PROPN
fbem-18282	74	52	everbright	everbright	PROPN
fbem-18282	74	53	bank	bank	PROPN
fbem-18282	74	54	hua	hua	PROPN
fbem-18282	74	55	xia	xia	PROPN
fbem-18282	74	56	bank	bank	PROPN
fbem-18282	74	57	china	china	PROPN
fbem-18282	74	58	merchants	merchants	PROPN
fbem-18282	74	59	bank	bank	PROPN
fbem-18282	74	60	pudong	pudong	PROPN
fbem-18282	74	61	development	development	PROPN
fbem-18282	74	62	bank	bank	PROPN
fbem-18282	74	63	(	(	PUNCT
fbem-18282	74	64	shanghai	shanghai	PROPN
fbem-18282	74	65	)	)	PUNCT
fbem-18282	74	66	3	3	NUM
fbem-18282	74	67	city	city	NOUN
fbem-18282	74	68	banks	bank	NOUN
fbem-18282	74	69	bank	bank	PROPN
fbem-18282	74	70	of	of	ADP
fbem-18282	74	71	beijing	beijing	PROPN
fbem-18282	74	72	bank	bank	PROPN
fbem-18282	74	73	of	of	ADP
fbem-18282	74	74	nanjing	nanjing	PROPN
fbem-18282	74	75	bank	bank	PROPN
fbem-18282	74	76	of	of	ADP
fbem-18282	74	77	ningbo	ningbo	PROPN
fbem-18282	74	78	the	the	DET
fbem-18282	74	79	data	datum	NOUN
fbem-18282	74	80	used	use	VERB
fbem-18282	74	81	in	in	ADP
fbem-18282	74	82	this	this	DET
fbem-18282	74	83	paper	paper	NOUN
fbem-18282	74	84	are	be	AUX
fbem-18282	74	85	from	from	ADP
fbem-18282	74	86	wind	wind	NOUN
fbem-18282	74	87	database	database	NOUN
fbem-18282	74	88	and	and	CCONJ
fbem-18282	74	89	flush	flush	ADJ
fbem-18282	74	90	database	database	NOUN
fbem-18282	74	91	,	,	PUNCT
fbem-18282	74	92	and	and	CCONJ
fbem-18282	74	93	the	the	DET
fbem-18282	74	94	econometric	econometric	ADJ
fbem-18282	74	95	analysis	analysis	NOUN
fbem-18282	74	96	software	software	NOUN
fbem-18282	74	97	is	be	AUX
fbem-18282	74	98	stata15.1	stata15.1	NOUN
fbem-18282	74	99	.	.	PUNCT
fbem-18282	75	1	239	239	NUM
fbem-18282	75	2	3.1.2	3.1.2	NUM
fbem-18282	75	3	.	.	PUNCT
fbem-18282	75	4	selection	selection	NOUN
fbem-18282	75	5	of	of	ADP
fbem-18282	75	6	variables	variable	NOUN
fbem-18282	75	7	(	(	PUNCT
fbem-18282	75	8	1	1	X
fbem-18282	75	9	)	)	PUNCT
fbem-18282	75	10	the	the	DET
fbem-18282	75	11	explanatory	explanatory	ADJ
fbem-18282	75	12	variables	variable	NOUN
fbem-18282	75	13	measure	measure	VERB
fbem-18282	75	14	the	the	DET
fbem-18282	75	15	profitability	profitability	NOUN
fbem-18282	75	16	of	of	ADP
fbem-18282	75	17	commercial	commercial	ADJ
fbem-18282	75	18	banks	bank	NOUN
fbem-18282	75	19	.	.	PUNCT
fbem-18282	76	1	roa	roa	PROPN
fbem-18282	76	2	(	(	PUNCT
fbem-18282	76	3	net	net	ADJ
fbem-18282	76	4	profit	profit	NOUN
fbem-18282	76	5	/	/	SYM
fbem-18282	76	6	total	total	ADJ
fbem-18282	76	7	assets	asset	NOUN
fbem-18282	76	8	)	)	PUNCT
fbem-18282	76	9	,	,	PUNCT
fbem-18282	76	10	reflecting	reflect	VERB
fbem-18282	76	11	the	the	DET
fbem-18282	76	12	return	return	NOUN
fbem-18282	76	13	on	on	ADP
fbem-18282	76	14	equity	equity	NOUN
fbem-18282	76	15	and	and	CCONJ
fbem-18282	76	16	debt	debt	NOUN
fbem-18282	76	17	co	co	NOUN
fbem-18282	76	18	-	-	NOUN
fbem-18282	76	19	financing	financing	NOUN
fbem-18282	76	20	of	of	ADP
fbem-18282	76	21	a	a	DET
fbem-18282	76	22	commercial	commercial	ADJ
fbem-18282	76	23	bank	bank	NOUN
fbem-18282	76	24	,	,	PUNCT
fbem-18282	76	25	the	the	PRON
fbem-18282	76	26	higher	high	ADJ
fbem-18282	76	27	the	the	DET
fbem-18282	76	28	roa	roa	NOUN
fbem-18282	76	29	,	,	PUNCT
fbem-18282	76	30	the	the	PRON
fbem-18282	76	31	stronger	strong	ADJ
fbem-18282	76	32	the	the	DET
fbem-18282	76	33	profitability	profitability	NOUN
fbem-18282	76	34	of	of	ADP
fbem-18282	76	35	the	the	DET
fbem-18282	76	36	commercial	commercial	ADJ
fbem-18282	76	37	bank	bank	NOUN
fbem-18282	76	38	;	;	PUNCT
fbem-18282	76	39	roe	roe	PROPN
fbem-18282	76	40	(	(	PUNCT
fbem-18282	76	41	net	net	ADJ
fbem-18282	76	42	profit	profit	NOUN
fbem-18282	76	43	after	after	ADP
fbem-18282	76	44	tax	tax	NOUN
fbem-18282	76	45	/	/	SYM
fbem-18282	76	46	total	total	NOUN
fbem-18282	76	47	weighted	weight	VERB
fbem-18282	76	48	shareholders	shareholder	NOUN
fbem-18282	76	49	'	'	PART
fbem-18282	76	50	equity	equity	NOUN
fbem-18282	76	51	)	)	PUNCT
fbem-18282	76	52	,	,	PUNCT
fbem-18282	76	53	reflecting	reflect	VERB
fbem-18282	76	54	the	the	DET
fbem-18282	76	55	return	return	NOUN
fbem-18282	76	56	on	on	ADP
fbem-18282	76	57	shareholders	shareholder	NOUN
fbem-18282	76	58	'	'	PART
fbem-18282	76	59	equity	equity	NOUN
fbem-18282	76	60	of	of	ADP
fbem-18282	76	61	a	a	DET
fbem-18282	76	62	commercial	commercial	ADJ
fbem-18282	76	63	bank	bank	NOUN
fbem-18282	76	64	,	,	PUNCT
fbem-18282	76	65	which	which	PRON
fbem-18282	76	66	is	be	AUX
fbem-18282	76	67	also	also	ADV
fbem-18282	76	68	a	a	DET
fbem-18282	76	69	major	major	ADJ
fbem-18282	76	70	indicator	indicator	NOUN
fbem-18282	76	71	of	of	ADP
fbem-18282	76	72	the	the	DET
fbem-18282	76	73	profitability	profitability	NOUN
fbem-18282	76	74	of	of	ADP
fbem-18282	76	75	a	a	DET
fbem-18282	76	76	commercial	commercial	ADJ
fbem-18282	76	77	bank	bank	NOUN
fbem-18282	76	78	,	,	PUNCT
fbem-18282	76	79	the	the	PRON
fbem-18282	76	80	greater	great	ADJ
fbem-18282	76	81	the	the	DET
fbem-18282	76	82	roe	roe	NOUN
fbem-18282	76	83	,	,	PUNCT
fbem-18282	76	84	the	the	PRON
fbem-18282	76	85	stronger	strong	ADJ
fbem-18282	76	86	the	the	DET
fbem-18282	76	87	profitability	profitability	NOUN
fbem-18282	76	88	of	of	ADP
fbem-18282	76	89	the	the	DET
fbem-18282	76	90	commercial	commercial	ADJ
fbem-18282	76	91	bank	bank	NOUN
fbem-18282	76	92	.	.	PUNCT
fbem-18282	77	1	the	the	PRON
fbem-18282	77	2	greater	great	ADJ
fbem-18282	77	3	the	the	DET
fbem-18282	77	4	roe	roe	NOUN
fbem-18282	77	5	,	,	PUNCT
fbem-18282	77	6	the	the	PRON
fbem-18282	77	7	stronger	strong	ADJ
fbem-18282	77	8	the	the	DET
fbem-18282	77	9	profitability	profitability	NOUN
fbem-18282	77	10	of	of	ADP
fbem-18282	77	11	commercial	commercial	ADJ
fbem-18282	77	12	banks	bank	NOUN
fbem-18282	77	13	.	.	PUNCT
fbem-18282	78	1	since	since	SCONJ
fbem-18282	78	2	this	this	DET
fbem-18282	78	3	paper	paper	NOUN
fbem-18282	78	4	needs	need	VERB
fbem-18282	78	5	to	to	PART
fbem-18282	78	6	select	select	VERB
fbem-18282	78	7	the	the	DET
fbem-18282	78	8	indicator	indicator	NOUN
fbem-18282	78	9	to	to	PART
fbem-18282	78	10	measure	measure	VERB
fbem-18282	78	11	the	the	DET
fbem-18282	78	12	overall	overall	ADJ
fbem-18282	78	13	profitability	profitability	NOUN
fbem-18282	78	14	of	of	ADP
fbem-18282	78	15	commercial	commercial	ADJ
fbem-18282	78	16	banks	bank	NOUN
fbem-18282	78	17	,	,	PUNCT
fbem-18282	78	18	it	it	PRON
fbem-18282	78	19	chooses	choose	VERB
fbem-18282	78	20	roa	roa	PROPN
fbem-18282	78	21	as	as	ADP
fbem-18282	78	22	the	the	DET
fbem-18282	78	23	indicator	indicator	NOUN
fbem-18282	78	24	of	of	ADP
fbem-18282	78	25	return	return	NOUN
fbem-18282	78	26	on	on	ADP
fbem-18282	78	27	total	total	ADJ
fbem-18282	78	28	assets	asset	NOUN
fbem-18282	78	29	.	.	PUNCT
fbem-18282	79	1	(	(	PUNCT
fbem-18282	79	2	2	2	X
fbem-18282	79	3	)	)	PUNCT
fbem-18282	79	4	the	the	DET
fbem-18282	79	5	explanatory	explanatory	ADJ
fbem-18282	79	6	variable	variable	NOUN
fbem-18282	79	7	is	be	AUX
fbem-18282	79	8	an	an	DET
fbem-18282	79	9	indicator	indicator	NOUN
fbem-18282	79	10	of	of	ADP
fbem-18282	79	11	interest	interest	NOUN
fbem-18282	79	12	rate	rate	NOUN
fbem-18282	79	13	marketisation	marketisation	NOUN
fbem-18282	79	14	.	.	PUNCT
fbem-18282	80	1	net	net	ADJ
fbem-18282	80	2	interest	interest	NOUN
fbem-18282	80	3	margin	margin	NOUN
fbem-18282	80	4	,	,	PUNCT
fbem-18282	80	5	is	be	AUX
fbem-18282	80	6	the	the	DET
fbem-18282	80	7	difference	difference	NOUN
fbem-18282	80	8	between	between	ADP
fbem-18282	80	9	the	the	DET
fbem-18282	80	10	average	average	ADJ
fbem-18282	80	11	rate	rate	NOUN
fbem-18282	80	12	of	of	ADP
fbem-18282	80	13	return	return	NOUN
fbem-18282	80	14	on	on	ADP
fbem-18282	80	15	interest	interest	NOUN
fbem-18282	80	16	-	-	PUNCT
fbem-18282	80	17	earning	earn	VERB
fbem-18282	80	18	assets	asset	NOUN
fbem-18282	80	19	and	and	CCONJ
fbem-18282	80	20	the	the	DET
fbem-18282	80	21	average	average	ADJ
fbem-18282	80	22	rate	rate	NOUN
fbem-18282	80	23	of	of	ADP
fbem-18282	80	24	cost	cost	NOUN
fbem-18282	80	25	of	of	ADP
fbem-18282	80	26	interest	interest	NOUN
fbem-18282	80	27	-	-	PUNCT
fbem-18282	80	28	bearing	bear	VERB
fbem-18282	80	29	liabilities.demirguc	liabilities.demirguc	PROPN
fbem-18282	80	30	i	i	PRON
fbem-18282	80	31	kunt	kunt	NOUN
fbem-18282	80	32	and	and	CCONJ
fbem-18282	80	33	huizinga	huizinga	NOUN
fbem-18282	80	34	's	's	PART
fbem-18282	80	35	research	research	NOUN
fbem-18282	80	36	shows	show	VERB
fbem-18282	80	37	that	that	SCONJ
fbem-18282	80	38	the	the	DET
fbem-18282	80	39	net	net	ADJ
fbem-18282	80	40	interest	interest	NOUN
fbem-18282	80	41	margin	margin	NOUN
fbem-18282	80	42	ratio	ratio	NOUN
fbem-18282	80	43	is	be	AUX
fbem-18282	80	44	the	the	DET
fbem-18282	80	45	most	most	ADV
fbem-18282	80	46	commonly	commonly	ADV
fbem-18282	80	47	used	use	VERB
fbem-18282	80	48	measure	measure	NOUN
fbem-18282	80	49	of	of	ADP
fbem-18282	80	50	the	the	DET
fbem-18282	80	51	level	level	NOUN
fbem-18282	80	52	of	of	ADP
fbem-18282	80	53	net	net	ADJ
fbem-18282	80	54	interest	interest	NOUN
fbem-18282	80	55	income	income	NOUN
fbem-18282	80	56	of	of	ADP
fbem-18282	80	57	commercial	commercial	ADJ
fbem-18282	80	58	banks	bank	NOUN
fbem-18282	80	59	.	.	PUNCT
fbem-18282	81	1	in	in	ADP
fbem-18282	81	2	the	the	DET
fbem-18282	81	3	marketised	marketise	VERB
fbem-18282	81	4	interest	interest	NOUN
fbem-18282	81	5	rate	rate	NOUN
fbem-18282	81	6	environment	environment	PROPN
fbem-18282	81	7	net	net	ADJ
fbem-18282	81	8	interest	interest	NOUN
fbem-18282	81	9	margin	margin	NOUN
fbem-18282	81	10	not	not	PART
fbem-18282	81	11	only	only	ADV
fbem-18282	81	12	conveys	convey	VERB
fbem-18282	81	13	important	important	ADJ
fbem-18282	81	14	information	information	NOUN
fbem-18282	81	15	about	about	ADP
fbem-18282	81	16	the	the	DET
fbem-18282	81	17	efficiency	efficiency	NOUN
fbem-18282	81	18	of	of	ADP
fbem-18282	81	19	the	the	DET
fbem-18282	81	20	banking	banking	NOUN
fbem-18282	81	21	system	system	NOUN
fbem-18282	81	22	,	,	PUNCT
fbem-18282	81	23	but	but	CCONJ
fbem-18282	81	24	also	also	ADV
fbem-18282	81	25	reflects	reflect	VERB
fbem-18282	81	26	the	the	DET
fbem-18282	81	27	price	price	NOUN
fbem-18282	81	28	behaviour	behaviour	NOUN
fbem-18282	81	29	of	of	ADP
fbem-18282	81	30	the	the	DET
fbem-18282	81	31	bank	bank	NOUN
fbem-18282	81	32	in	in	ADP
fbem-18282	81	33	the	the	DET
fbem-18282	81	34	process	process	NOUN
fbem-18282	81	35	of	of	ADP
fbem-18282	81	36	capital	capital	NOUN
fbem-18282	81	37	transactions	transaction	NOUN
fbem-18282	81	38	,	,	PUNCT
fbem-18282	81	39	reflecting	reflect	VERB
fbem-18282	81	40	the	the	DET
fbem-18282	81	41	efficiency	efficiency	NOUN
fbem-18282	81	42	of	of	ADP
fbem-18282	81	43	commercial	commercial	ADJ
fbem-18282	81	44	banks	bank	NOUN
fbem-18282	81	45	themselves	themselves	PRON
fbem-18282	81	46	.	.	PUNCT
fbem-18282	82	1	therefore	therefore	ADV
fbem-18282	82	2	,	,	PUNCT
fbem-18282	82	3	the	the	DET
fbem-18282	82	4	net	net	ADJ
fbem-18282	82	5	interest	interest	NOUN
fbem-18282	82	6	margin	margin	NOUN
fbem-18282	82	7	indicator	indicator	NOUN
fbem-18282	82	8	jlc	jlc	PROPN
fbem-18282	82	9	is	be	AUX
fbem-18282	82	10	chosen.(net	chosen.(net	PROPN
fbem-18282	82	11	interest	interest	NOUN
fbem-18282	82	12	income	income	NOUN
fbem-18282	82	13	/	/	SYM
fbem-18282	82	14	total	total	ADJ
fbem-18282	82	15	assets	asset	NOUN
fbem-18282	82	16	)	)	PUNCT
fbem-18282	82	17	(	(	PUNCT
fbem-18282	82	18	3	3	X
fbem-18282	82	19	)	)	PUNCT
fbem-18282	82	20	because	because	SCONJ
fbem-18282	82	21	commercial	commercial	ADJ
fbem-18282	82	22	banks	bank	NOUN
fbem-18282	82	23	have	have	VERB
fbem-18282	82	24	three	three	NUM
fbem-18282	82	25	major	major	ADJ
fbem-18282	82	26	indicators	indicator	NOUN
fbem-18282	82	27	:	:	PUNCT
fbem-18282	82	28	safety	safety	NOUN
fbem-18282	82	29	,	,	PUNCT
fbem-18282	82	30	profitability	profitability	NOUN
fbem-18282	82	31	and	and	CCONJ
fbem-18282	82	32	liquidity	liquidity	NOUN
fbem-18282	82	33	,	,	PUNCT
fbem-18282	82	34	the	the	DET
fbem-18282	82	35	control	control	NOUN
fbem-18282	82	36	variables	variable	NOUN
fbem-18282	82	37	are	be	AUX
fbem-18282	82	38	mainly	mainly	ADV
fbem-18282	82	39	considered	consider	VERB
fbem-18282	82	40	from	from	ADP
fbem-18282	82	41	the	the	DET
fbem-18282	82	42	following	follow	VERB
fbem-18282	82	43	four	four	NUM
fbem-18282	82	44	aspects	aspect	NOUN
fbem-18282	82	45	:	:	PUNCT
fbem-18282	82	46	①	①	NUM
fbem-18282	82	47	safety	safety	NOUN
fbem-18282	82	48	indicators	indicator	NOUN
fbem-18282	82	49	:	:	PUNCT
fbem-18282	82	50	non	non	ADJ
fbem-18282	82	51	-	-	ADJ
fbem-18282	82	52	performing	perform	VERB
fbem-18282	82	53	loan	loan	NOUN
fbem-18282	82	54	provision	provision	NOUN
fbem-18282	82	55	coverage	coverage	NOUN
fbem-18282	82	56	ratio	ratio	NOUN
fbem-18282	82	57	pc	pc	NOUN
fbem-18282	82	58	(	(	PUNCT
fbem-18282	82	59	non	non	ADJ
fbem-18282	82	60	-	-	ADJ
fbem-18282	82	61	performing	performing	ADJ
fbem-18282	82	62	loans	loan	NOUN
fbem-18282	82	63	/	/	SYM
fbem-18282	82	64	total	total	ADJ
fbem-18282	82	65	loans	loan	NOUN
fbem-18282	82	66	)	)	PUNCT
fbem-18282	82	67	.	.	PUNCT
fbem-18282	83	1	②	②	NUM
fbem-18282	83	2	liquidity	liquidity	NOUN
fbem-18282	83	3	indicators	indicator	NOUN
fbem-18282	83	4	:	:	PUNCT
fbem-18282	83	5	deposit	deposit	NOUN
fbem-18282	83	6	and	and	CCONJ
fbem-18282	83	7	loan	loan	NOUN
fbem-18282	83	8	ratio	ratio	NOUN
fbem-18282	83	9	(	(	PUNCT
fbem-18282	83	10	rmb	rmb	NOUN
fbem-18282	83	11	)	)	PUNCT
fbem-18282	83	12	liquidity	liquidity	NOUN
fbem-18282	83	13	(	(	PUNCT
fbem-18282	83	14	total	total	ADJ
fbem-18282	83	15	loans	loan	NOUN
fbem-18282	83	16	/	/	SYM
fbem-18282	83	17	total	total	ADJ
fbem-18282	83	18	deposits	deposit	NOUN
fbem-18282	83	19	)	)	PUNCT
fbem-18282	83	20	.	.	PUNCT
fbem-18282	84	1	(	(	PUNCT
fbem-18282	84	2	iii	iii	X
fbem-18282	84	3	)	)	PUNCT
fbem-18282	84	4	other	other	ADJ
fbem-18282	84	5	indicators	indicator	NOUN
fbem-18282	84	6	:	:	PUNCT
fbem-18282	84	7	cost	cost	NOUN
fbem-18282	84	8	-	-	PUNCT
fbem-18282	84	9	to	to	ADP
fbem-18282	84	10	-	-	PUNCT
fbem-18282	84	11	income	income	NOUN
fbem-18282	84	12	ratio	ratio	NOUN
fbem-18282	84	13	cbsrb	cbsrb	NOUN
fbem-18282	84	14	(	(	PUNCT
fbem-18282	84	15	operating	operating	NOUN
fbem-18282	84	16	costs	cost	NOUN
fbem-18282	84	17	/	/	SYM
fbem-18282	84	18	operating	operate	VERB
fbem-18282	84	19	income	income	NOUN
fbem-18282	84	20	)	)	PUNCT
fbem-18282	84	21	,	,	PUNCT
fbem-18282	84	22	noninterest	noninter	ADJ
fbem-18282	84	23	income	income	NOUN
fbem-18282	84	24	ratio	ratio	NOUN
fbem-18282	84	25	lszp	lszp	NOUN
fbem-18282	84	26	(	(	PUNCT
fbem-18282	84	27	non	non	ADJ
fbem-18282	84	28	-	-	ADJ
fbem-18282	84	29	interest	interest	ADJ
fbem-18282	84	30	income	income	NOUN
fbem-18282	84	31	/	/	SYM
fbem-18282	84	32	operating	operate	VERB
fbem-18282	84	33	income	income	NOUN
fbem-18282	84	34	)	)	PUNCT
fbem-18282	84	35	,	,	PUNCT
fbem-18282	84	36	asset	asset	NOUN
fbem-18282	84	37	size	size	NOUN
fbem-18282	84	38	insize	insize	NOUN
fbem-18282	84	39	.	.	PUNCT
fbem-18282	85	1	(	(	PUNCT
fbem-18282	85	2	iv	iv	X
fbem-18282	85	3	)	)	PUNCT
fbem-18282	85	4	macro	macro	ADJ
fbem-18282	85	5	indicators	indicator	NOUN
fbem-18282	85	6	:	:	PUNCT
fbem-18282	85	7	gdp	gdp	NOUN
fbem-18282	85	8	growth	growth	NOUN
fbem-18282	85	9	rate	rate	NOUN
fbem-18282	85	10	(	(	PUNCT
fbem-18282	85	11	gdpr	gdpr	NOUN
fbem-18282	85	12	)	)	PUNCT
fbem-18282	85	13	,	,	PUNCT
fbem-18282	85	14	broad	broad	ADJ
fbem-18282	85	15	money	money	NOUN
fbem-18282	85	16	supply	supply	NOUN
fbem-18282	85	17	growth	growth	NOUN
fbem-18282	85	18	rate	rate	NOUN
fbem-18282	85	19	(	(	PUNCT
fbem-18282	85	20	m2	m2	PROPN
fbem-18282	85	21	)	)	PUNCT
fbem-18282	85	22	,	,	PUNCT
fbem-18282	85	23	gdp	gdp	NOUN
fbem-18282	85	24	growth	growth	NOUN
fbem-18282	85	25	rate	rate	NOUN
fbem-18282	85	26	reflects	reflect	VERB
fbem-18282	85	27	china	china	PROPN
fbem-18282	85	28	's	's	PART
fbem-18282	85	29	degree	degree	NOUN
fbem-18282	85	30	of	of	ADP
fbem-18282	85	31	economic	economic	ADJ
fbem-18282	85	32	development	development	NOUN
fbem-18282	85	33	,	,	PUNCT
fbem-18282	85	34	and	and	CCONJ
fbem-18282	85	35	commercial	commercial	ADJ
fbem-18282	85	36	banks	bank	NOUN
fbem-18282	85	37	adjust	adjust	VERB
fbem-18282	85	38	their	their	PRON
fbem-18282	85	39	business	business	NOUN
fbem-18282	85	40	in	in	ADP
fbem-18282	85	41	accordance	accordance	NOUN
fbem-18282	85	42	with	with	ADP
fbem-18282	85	43	the	the	DET
fbem-18282	85	44	country	country	NOUN
fbem-18282	85	45	's	's	PART
fbem-18282	85	46	degree	degree	NOUN
fbem-18282	85	47	of	of	ADP
fbem-18282	85	48	economic	economic	ADJ
fbem-18282	85	49	development	development	NOUN
fbem-18282	85	50	,	,	PUNCT
fbem-18282	85	51	as	as	ADV
fbem-18282	85	52	well	well	ADV
fbem-18282	85	53	as	as	ADP
fbem-18282	85	54	their	their	PRON
fbem-18282	85	55	profitability	profitability	NOUN
fbem-18282	85	56	.	.	PUNCT
fbem-18282	86	1	gdp	gdp	NOUN
fbem-18282	86	2	growth	growth	NOUN
fbem-18282	86	3	rate	rate	NOUN
fbem-18282	86	4	reflects	reflect	VERB
fbem-18282	86	5	the	the	DET
fbem-18282	86	6	degree	degree	NOUN
fbem-18282	86	7	of	of	ADP
fbem-18282	86	8	economic	economic	ADJ
fbem-18282	86	9	development	development	NOUN
fbem-18282	86	10	in	in	ADP
fbem-18282	86	11	china	china	PROPN
fbem-18282	86	12	,	,	PUNCT
fbem-18282	86	13	and	and	CCONJ
fbem-18282	86	14	commercial	commercial	ADJ
fbem-18282	86	15	banks	bank	NOUN
fbem-18282	86	16	adjust	adjust	VERB
fbem-18282	86	17	their	their	PRON
fbem-18282	86	18	business	business	NOUN
fbem-18282	86	19	according	accord	VERB
fbem-18282	86	20	to	to	ADP
fbem-18282	86	21	the	the	DET
fbem-18282	86	22	degree	degree	NOUN
fbem-18282	86	23	of	of	ADP
fbem-18282	86	24	economic	economic	ADJ
fbem-18282	86	25	development	development	NOUN
fbem-18282	86	26	of	of	ADP
fbem-18282	86	27	the	the	DET
fbem-18282	86	28	country	country	NOUN
fbem-18282	86	29	,	,	PUNCT
fbem-18282	86	30	which	which	PRON
fbem-18282	86	31	will	will	AUX
fbem-18282	86	32	also	also	ADV
fbem-18282	86	33	affect	affect	VERB
fbem-18282	86	34	their	their	PRON
fbem-18282	86	35	profitability	profitability	NOUN
fbem-18282	86	36	;	;	PUNCT
fbem-18282	86	37	the	the	DET
fbem-18282	86	38	growth	growth	NOUN
fbem-18282	86	39	rate	rate	NOUN
fbem-18282	86	40	of	of	ADP
fbem-18282	86	41	broad	broad	ADJ
fbem-18282	86	42	money	money	NOUN
fbem-18282	86	43	supply	supply	NOUN
fbem-18282	86	44	should	should	AUX
fbem-18282	86	45	be	be	AUX
fbem-18282	86	46	matched	match	VERB
fbem-18282	86	47	with	with	ADP
fbem-18282	86	48	the	the	DET
fbem-18282	86	49	economic	economic	ADJ
fbem-18282	86	50	growth	growth	NOUN
fbem-18282	86	51	,	,	PUNCT
fbem-18282	86	52	so	so	SCONJ
fbem-18282	86	53	it	it	PRON
fbem-18282	86	54	will	will	AUX
fbem-18282	86	55	also	also	ADV
fbem-18282	86	56	affect	affect	VERB
fbem-18282	86	57	the	the	DET
fbem-18282	86	58	profitability	profitability	NOUN
fbem-18282	86	59	of	of	ADP
fbem-18282	86	60	commercial	commercial	ADJ
fbem-18282	86	61	banks	bank	NOUN
fbem-18282	86	62	.	.	PUNCT
fbem-18282	87	1	table	table	NOUN
fbem-18282	87	2	2	2	NUM
fbem-18282	87	3	.	.	PUNCT
fbem-18282	87	4	composition	composition	NOUN
fbem-18282	87	5	of	of	ADP
fbem-18282	87	6	variables	variable	NOUN
fbem-18282	87	7	variable	variable	ADJ
fbem-18282	87	8	type	type	NOUN
fbem-18282	87	9	indicator	indicator	NOUN
fbem-18282	87	10	category	category	NOUN
fbem-18282	87	11	variant	variant	NOUN
fbem-18282	87	12	formula	formula	NOUN
fbem-18282	87	13	notation	notation	NOUN
fbem-18282	87	14	explanatory	explanatory	ADJ
fbem-18282	87	15	variable	variable	ADJ
fbem-18282	87	16	profitability	profitability	NOUN
fbem-18282	87	17	indicators	indicator	NOUN
fbem-18282	87	18	return	return	VERB
fbem-18282	87	19	on	on	ADP
fbem-18282	87	20	total	total	ADJ
fbem-18282	87	21	assets	asset	NOUN
fbem-18282	87	22	net	net	ADJ
fbem-18282	87	23	profit	profit	NOUN
fbem-18282	87	24	/	/	SYM
fbem-18282	87	25	total	total	ADJ
fbem-18282	87	26	assets	asset	NOUN
fbem-18282	87	27	roa	roa	VERB
fbem-18282	87	28	explanatory	explanatory	ADJ
fbem-18282	87	29	variable	variable	ADJ
fbem-18282	87	30	indicators	indicator	NOUN
fbem-18282	87	31	of	of	ADP
fbem-18282	87	32	interest	interest	NOUN
fbem-18282	87	33	rate	rate	NOUN
fbem-18282	87	34	marketisation	marketisation	PROPN
fbem-18282	87	35	net	net	ADJ
fbem-18282	87	36	interest	interest	NOUN
fbem-18282	87	37	margin	margin	NOUN
fbem-18282	87	38	net	net	ADJ
fbem-18282	87	39	interest	interest	NOUN
fbem-18282	87	40	income	income	NOUN
fbem-18282	87	41	/	/	SYM
fbem-18282	87	42	total	total	ADJ
fbem-18282	87	43	assets	asset	NOUN
fbem-18282	87	44	jlc	jlc	PROPN
fbem-18282	87	45	control	control	PROPN
fbem-18282	87	46	variable	variable	ADJ
fbem-18282	87	47	security	security	NOUN
fbem-18282	87	48	indicators	indicator	NOUN
fbem-18282	87	49	non	non	ADJ
fbem-18282	87	50	-	-	ADJ
fbem-18282	87	51	performing	perform	VERB
fbem-18282	87	52	loan	loan	NOUN
fbem-18282	87	53	provision	provision	NOUN
fbem-18282	87	54	coverage	coverage	NOUN
fbem-18282	87	55	ratio	ratio	NOUN
fbem-18282	87	56	non	non	ADJ
fbem-18282	87	57	-	-	ADJ
fbem-18282	87	58	performing	performing	ADJ
fbem-18282	87	59	loans	loan	NOUN
fbem-18282	87	60	/	/	SYM
fbem-18282	87	61	total	total	ADJ
fbem-18282	87	62	loans	loan	NOUN
fbem-18282	87	63	pc	pc	NOUN
fbem-18282	87	64	mobility	mobility	NOUN
fbem-18282	87	65	indicators	indicator	NOUN
fbem-18282	87	66	deposit	deposit	NOUN
fbem-18282	87	67	and	and	CCONJ
fbem-18282	87	68	loan	loan	NOUN
fbem-18282	87	69	ratios	ratio	NOUN
fbem-18282	87	70	total	total	ADJ
fbem-18282	87	71	loans	loan	NOUN
fbem-18282	87	72	/	/	SYM
fbem-18282	87	73	total	total	NOUN
fbem-18282	87	74	deposits	deposit	NOUN
fbem-18282	87	75	liquidity	liquidity	NOUN
fbem-18282	87	76	other	other	ADJ
fbem-18282	87	77	indicators	indicator	NOUN
fbem-18282	87	78	cost	cost	NOUN
fbem-18282	87	79	-	-	PUNCT
fbem-18282	87	80	to	to	ADP
fbem-18282	87	81	-	-	PUNCT
fbem-18282	87	82	income	income	NOUN
fbem-18282	87	83	ratio	ratio	NOUN
fbem-18282	87	84	operating	operating	NOUN
fbem-18282	87	85	costs	cost	NOUN
fbem-18282	87	86	/	/	SYM
fbem-18282	87	87	operating	operate	VERB
fbem-18282	87	88	revenues	revenue	NOUN
fbem-18282	87	89	cbsrb	cbsrb	VERB
fbem-18282	87	90	percentage	percentage	NOUN
fbem-18282	87	91	of	of	ADP
fbem-18282	87	92	non	non	ADJ
fbem-18282	87	93	-	-	ADJ
fbem-18282	87	94	interest	interest	ADJ
fbem-18282	87	95	income	income	NOUN
fbem-18282	87	96	non	non	ADJ
fbem-18282	87	97	-	-	ADJ
fbem-18282	87	98	interest	interest	ADJ
fbem-18282	87	99	income	income	NOUN
fbem-18282	87	100	/	/	SYM
fbem-18282	87	101	operating	operate	VERB
fbem-18282	87	102	income	income	NOUN
fbem-18282	87	103	lszp	lszp	NOUN
fbem-18282	87	104	asset	asset	NOUN
fbem-18282	87	105	size	size	NOUN
fbem-18282	87	106	insize	insize	NOUN
fbem-18282	87	107	macro	macro	PROPN
fbem-18282	87	108	indicators	indicator	NOUN
fbem-18282	87	109	gdp	gdp	NOUN
fbem-18282	87	110	growth	growth	NOUN
fbem-18282	87	111	rate	rate	NOUN
fbem-18282	87	112	gdpr	gdpr	NOUN
fbem-18282	87	113	growth	growth	NOUN
fbem-18282	87	114	rate	rate	NOUN
fbem-18282	87	115	of	of	ADP
fbem-18282	87	116	broad	broad	ADJ
fbem-18282	87	117	money	money	NOUN
fbem-18282	87	118	supply	supply	NOUN
fbem-18282	87	119	m2	m2	PROPN
fbem-18282	87	120	3.1.3	3.1.3	PROPN
fbem-18282	87	121	.	.	PUNCT
fbem-18282	88	1	modelling	model	VERB
fbem-18282	88	2	this	this	DET
fbem-18282	88	3	paper	paper	NOUN
fbem-18282	88	4	establishes	establish	VERB
fbem-18282	88	5	a	a	DET
fbem-18282	88	6	multiple	multiple	ADJ
fbem-18282	88	7	linear	linear	ADJ
fbem-18282	88	8	regression	regression	NOUN
fbem-18282	88	9	model	model	NOUN
fbem-18282	88	10	,	,	PUNCT
fbem-18282	88	11	so	so	SCONJ
fbem-18282	88	12	the	the	DET
fbem-18282	88	13	model	model	NOUN
fbem-18282	88	14	is	be	AUX
fbem-18282	88	15	established	establish	VERB
fbem-18282	88	16	as	as	SCONJ
fbem-18282	88	17	follows	follow	VERB
fbem-18282	88	18	:	:	PUNCT
fbem-18282	89	1	roa	roa	PROPN
fbem-18282	89	2	=	=	PROPN
fbem-18282	89	3	jlc	jlc	PROPN
fbem-18282	89	4	*	*	PROPN
fbem-18282	89	5	β1+pc*β2+liquidity*β3+lszp*β4+cbsrb*β+insize	β1+pc*β2+liquidity*β3+lszp*β4+cbsrb*β+insize	NOUN
fbem-18282	89	6	*	*	PUNCT
fbem-18282	89	7	β6+gdpr*β7+m2*β8+βg+eit+μi	β6+gdpr*β7+m2*β8+βg+eit+μi	NOUN
fbem-18282	89	8	where	where	SCONJ
fbem-18282	89	9	εit	εit	NOUN
fbem-18282	89	10	is	be	AUX
fbem-18282	89	11	the	the	DET
fbem-18282	89	12	random	random	ADJ
fbem-18282	89	13	perturbation	perturbation	NOUN
fbem-18282	89	14	term	term	NOUN
fbem-18282	89	15	,	,	PUNCT
fbem-18282	89	16	μi	μi	PROPN
fbem-18282	89	17	is	be	AUX
fbem-18282	89	18	the	the	DET
fbem-18282	89	19	intercept	intercept	NOUN
fbem-18282	89	20	term	term	NOUN
fbem-18282	89	21	for	for	ADP
fbem-18282	89	22	individual	individual	ADJ
fbem-18282	89	23	heterogeneity	heterogeneity	NOUN
fbem-18282	89	24	,	,	PUNCT
fbem-18282	89	25	and	and	CCONJ
fbem-18282	89	26	β1,β2	β1,β2	PROPN
fbem-18282	89	27	,	,	PUNCT
fbem-18282	89	28	β3	β3	VERB
fbem-18282	89	29	,	,	PUNCT
fbem-18282	89	30	...	...	PUNCT
fbem-18282	89	31	,	,	PUNCT
fbem-18282	89	32	β9	β9	PROPN
fbem-18282	89	33	are	be	AUX
fbem-18282	89	34	estimated	estimate	VERB
fbem-18282	89	35	coefficients	coefficient	NOUN
fbem-18282	89	36	.	.	PUNCT
fbem-18282	90	1	in	in	ADP
fbem-18282	90	2	the	the	DET
fbem-18282	90	3	analysis	analysis	NOUN
fbem-18282	90	4	of	of	ADP
fbem-18282	90	5	the	the	DET
fbem-18282	90	6	panel	panel	NOUN
fbem-18282	90	7	data	datum	NOUN
fbem-18282	90	8	,	,	PUNCT
fbem-18282	90	9	if	if	SCONJ
fbem-18282	90	10	μi	μi	PRON
fbem-18282	90	11	is	be	AUX
fbem-18282	90	12	correlated	correlate	VERB
fbem-18282	90	13	with	with	ADP
fbem-18282	90	14	an	an	DET
fbem-18282	90	15	explanatory	explanatory	ADJ
fbem-18282	90	16	variable	variable	NOUN
fbem-18282	90	17	it	it	PRON
fbem-18282	90	18	is	be	AUX
fbem-18282	90	19	called	call	VERB
fbem-18282	90	20	a	a	DET
fbem-18282	90	21	fixed	fix	VERB
fbem-18282	90	22	-	-	PUNCT
fbem-18282	90	23	effects	effect	NOUN
fbem-18282	90	24	variable	variable	NOUN
fbem-18282	90	25	-	-	PUNCT
fbem-18282	90	26	intercept	intercept	NOUN
fbem-18282	90	27	model	model	NOUN
fbem-18282	90	28	;	;	PUNCT
fbem-18282	90	29	if	if	SCONJ
fbem-18282	90	30	μi	μi	PRON
fbem-18282	90	31	is	be	AUX
fbem-18282	90	32	not	not	PART
fbem-18282	90	33	correlated	correlate	VERB
fbem-18282	90	34	with	with	ADP
fbem-18282	90	35	an	an	DET
fbem-18282	90	36	explanatory	explanatory	ADJ
fbem-18282	90	37	variable	variable	NOUN
fbem-18282	90	38	,	,	PUNCT
fbem-18282	90	39	it	it	PRON
fbem-18282	90	40	is	be	AUX
fbem-18282	90	41	called	call	VERB
fbem-18282	90	42	a	a	DET
fbem-18282	90	43	random	random	ADJ
fbem-18282	90	44	-	-	PUNCT
fbem-18282	90	45	effects	effect	NOUN
fbem-18282	90	46	variable	variable	NOUN
fbem-18282	90	47	-	-	PUNCT
fbem-18282	90	48	intercept	intercept	NOUN
fbem-18282	90	49	model	model	NOUN
fbem-18282	90	50	.	.	PUNCT
fbem-18282	91	1	3.2	3.2	NUM
fbem-18282	91	2	.	.	PUNCT
fbem-18282	92	1	analysis	analysis	NOUN
fbem-18282	92	2	of	of	ADP
fbem-18282	92	3	the	the	DET
fbem-18282	92	4	empirical	empirical	ADJ
fbem-18282	92	5	process	process	NOUN
fbem-18282	92	6	3.2.1	3.2.1	NUM
fbem-18282	92	7	.	.	PUNCT
fbem-18282	93	1	descriptive	descriptive	ADJ
fbem-18282	93	2	analysis	analysis	NOUN
fbem-18282	93	3	of	of	ADP
fbem-18282	93	4	panel	panel	NOUN
fbem-18282	93	5	data	datum	NOUN
fbem-18282	93	6	descriptive	descriptive	ADJ
fbem-18282	93	7	analyses	analysis	NOUN
fbem-18282	93	8	of	of	ADP
fbem-18282	93	9	the	the	DET
fbem-18282	93	10	indicators	indicator	NOUN
fbem-18282	93	11	of	of	ADP
fbem-18282	93	12	the	the	DET
fbem-18282	93	13	16	16	NUM
fbem-18282	93	14	commercial	commercial	ADJ
fbem-18282	93	15	banks	bank	NOUN
fbem-18282	93	16	mentioned	mention	VERB
fbem-18282	93	17	above	above	ADV
fbem-18282	93	18	for	for	ADP
fbem-18282	93	19	the	the	DET
fbem-18282	93	20	period	period	NOUN
fbem-18282	93	21	2007	2007	NUM
fbem-18282	93	22	-	-	SYM
fbem-18282	93	23	2022	2022	NUM
fbem-18282	93	24	are	be	AUX
fbem-18282	93	25	shown	show	VERB
fbem-18282	93	26	in	in	ADP
fbem-18282	93	27	table	table	NOUN
fbem-18282	93	28	2	2	NUM
fbem-18282	93	29	below	below	ADV
fbem-18282	93	30	.	.	PUNCT
fbem-18282	94	1	table	table	NOUN
fbem-18282	94	2	3	3	NUM
fbem-18282	94	3	.	.	PUNCT
fbem-18282	94	4	descriptive	descriptive	ADJ
fbem-18282	94	5	analysis	analysis	NOUN
fbem-18282	94	6	of	of	ADP
fbem-18282	94	7	commercial	commercial	ADJ
fbem-18282	94	8	banks	bank	NOUN
fbem-18282	94	9	'	'	PART
fbem-18282	94	10	indicators	indicator	NOUN
fbem-18282	94	11	variant	variant	VERB
fbem-18282	94	12	average	average	ADJ
fbem-18282	94	13	value	value	NOUN
fbem-18282	94	14	(	(	PUNCT
fbem-18282	94	15	statistics	statistic	NOUN
fbem-18282	94	16	)	)	PUNCT
fbem-18282	94	17	standard	standard	ADJ
fbem-18282	94	18	deviation	deviation	NOUN
fbem-18282	94	19	maximum	maximum	ADJ
fbem-18282	94	20	values	value	NOUN
fbem-18282	94	21	minimum	minimum	NOUN
fbem-18282	94	22	value	value	NOUN
fbem-18282	94	23	roa	roa	PROPN
fbem-18282	94	24	1.06	1.06	NUM
fbem-18282	94	25	0.22	0.22	NUM
fbem-18282	94	26	0.15	0.15	NUM
fbem-18282	94	27	1.72	1.72	NUM
fbem-18282	94	28	jc	jc	PROPN
fbem-18282	94	29	2.35	2.35	NUM
fbem-18282	94	30	0.40	0.40	NUM
fbem-18282	94	31	1.32	1.32	NUM
fbem-18282	94	32	3.28	3.28	NUM
fbem-18282	94	33	pc	pc	NOUN
fbem-18282	94	34	227.33	227.33	NUM
fbem-18282	94	35	94.15	94.15	NUM
fbem-18282	94	36	48.28	48.28	NUM
fbem-18282	94	37	524.08	524.08	NUM
fbem-18282	94	38	liquidity	liquidity	NOUN
fbem-18282	94	39	72.80	72.80	NUM
fbem-18282	94	40	11.31	11.31	NUM
fbem-18282	94	41	47.43	47.43	NUM
fbem-18282	94	42	113.05	113.05	NUM
fbem-18282	94	43	lszp	lszp	NOUN
fbem-18282	94	44	2195	2195	NUM
fbem-18282	94	45	9.44	9.44	NUM
fbem-18282	94	46	-1.58	-1.58	NOUN
fbem-18282	94	47	51.09	51.09	NUM
fbem-18282	94	48	cbsrb	cbsrb	NOUN
fbem-18282	94	49	31.87	31.87	NUM
fbem-18282	94	50	5.27	5.27	NUM
fbem-18282	94	51	21.59	21.59	NUM
fbem-18282	94	52	46.26	46.26	NUM
fbem-18282	94	53	nsize	nsize	NOUN
fbem-18282	94	54	4.50	4.50	NUM
fbem-18282	94	55	0.56	0.56	NUM
fbem-18282	94	56	2.88	2.88	NUM
fbem-18282	94	57	5.47	5.47	NUM
fbem-18282	94	58	gdpr	gdpr	PROPN
fbem-18282	94	59	34.92	34.92	NUM
fbem-18282	94	60	9.05	9.05	NUM
fbem-18282	94	61	25.8	25.8	NUM
fbem-18282	94	62	53.5	53.5	NUM
fbem-18282	94	63	m2	m2	PROPN
fbem-18282	94	64	177.62	177.62	NUM
fbem-18282	94	65	55.90	55.90	NUM
fbem-18282	94	66	99.6	99.6	NUM
fbem-18282	94	67	308.04	308.04	NUM
fbem-18282	94	68	240	240	NUM
fbem-18282	94	69	descriptive	descriptive	ADJ
fbem-18282	94	70	analysis	analysis	NOUN
fbem-18282	94	71	to	to	PART
fbem-18282	94	72	understand	understand	VERB
fbem-18282	94	73	more	more	ADJ
fbem-18282	94	74	about	about	ADP
fbem-18282	94	75	the	the	DET
fbem-18282	94	76	level	level	NOUN
fbem-18282	94	77	of	of	ADP
fbem-18282	94	78	indicators	indicator	NOUN
fbem-18282	94	79	of	of	ADP
fbem-18282	94	80	commercial	commercial	ADJ
fbem-18282	94	81	banks	bank	NOUN
fbem-18282	94	82	and	and	CCONJ
fbem-18282	94	83	to	to	PART
fbem-18282	94	84	facilitate	facilitate	VERB
fbem-18282	94	85	the	the	DET
fbem-18282	94	86	next	next	ADJ
fbem-18282	94	87	analyses	analysis	NOUN
fbem-18282	94	88	.	.	PUNCT
fbem-18282	95	1	3.2.2	3.2.2	X
fbem-18282	95	2	.	.	PUNCT
fbem-18282	95	3	unit	unit	NOUN
fbem-18282	95	4	root	root	PROPN
fbem-18282	95	5	test	test	NOUN
fbem-18282	95	6	in	in	ADP
fbem-18282	95	7	order	order	NOUN
fbem-18282	95	8	to	to	PART
fbem-18282	95	9	ensure	ensure	VERB
fbem-18282	95	10	the	the	DET
fbem-18282	95	11	accuracy	accuracy	NOUN
fbem-18282	95	12	of	of	ADP
fbem-18282	95	13	the	the	DET
fbem-18282	95	14	regression	regression	NOUN
fbem-18282	95	15	results	result	NOUN
fbem-18282	95	16	of	of	ADP
fbem-18282	95	17	the	the	DET
fbem-18282	95	18	model	model	NOUN
fbem-18282	95	19	and	and	CCONJ
fbem-18282	95	20	avoid	avoid	VERB
fbem-18282	95	21	the	the	DET
fbem-18282	95	22	occurrence	occurrence	NOUN
fbem-18282	95	23	of	of	ADP
fbem-18282	95	24	pseudo	pseudo	NOUN
fbem-18282	95	25	-	-	NOUN
fbem-18282	95	26	regression	regression	NOUN
fbem-18282	95	27	phenomenon	phenomenon	NOUN
fbem-18282	95	28	,	,	PUNCT
fbem-18282	95	29	the	the	DET
fbem-18282	95	30	panel	panel	NOUN
fbem-18282	95	31	data	datum	NOUN
fbem-18282	95	32	will	will	AUX
fbem-18282	95	33	be	be	AUX
fbem-18282	95	34	subjected	subject	VERB
fbem-18282	95	35	to	to	ADP
fbem-18282	95	36	the	the	DET
fbem-18282	95	37	unit	unit	NOUN
fbem-18282	95	38	root	root	NOUN
fbem-18282	95	39	test	test	NOUN
fbem-18282	95	40	,	,	PUNCT
fbem-18282	95	41	and	and	CCONJ
fbem-18282	95	42	table	table	NOUN
fbem-18282	95	43	3	3	NUM
fbem-18282	95	44	shows	show	VERB
fbem-18282	95	45	the	the	DET
fbem-18282	95	46	test	test	NOUN
fbem-18282	95	47	results	result	NOUN
fbem-18282	95	48	of	of	ADP
fbem-18282	95	49	the	the	DET
fbem-18282	95	50	unit	unit	NOUN
fbem-18282	95	51	root	root	NOUN
fbem-18282	95	52	of	of	ADP
fbem-18282	95	53	the	the	DET
fbem-18282	95	54	panel	panel	NOUN
fbem-18282	95	55	data	datum	NOUN
fbem-18282	95	56	.	.	PUNCT
fbem-18282	96	1	table	table	NOUN
fbem-18282	96	2	4	4	NUM
fbem-18282	96	3	.	.	PUNCT
fbem-18282	97	1	results	result	NOUN
fbem-18282	97	2	of	of	ADP
fbem-18282	97	3	unit	unit	NOUN
fbem-18282	97	4	root	root	NOUN
fbem-18282	97	5	test	test	NOUN
fbem-18282	97	6	for	for	ADP
fbem-18282	97	7	panel	panel	NOUN
fbem-18282	97	8	data	datum	NOUN
fbem-18282	97	9	variant	variant	PROPN
fbem-18282	97	10	roa	roa	PROPN
fbem-18282	97	11	jic	jic	PROPN
fbem-18282	97	12	pc	pc	PROPN
fbem-18282	97	13	lquidity	lquidity	NOUN
fbem-18282	97	14	lszp	lszp	NOUN
fbem-18282	97	15	cbsrb	cbsrb	NOUN
fbem-18282	97	16	insize	insize	NOUN
fbem-18282	97	17	differential	differential	NOUN
fbem-18282	97	18	results	result	NOUN
fbem-18282	97	19	-6.5380	-6.5380	VERB
fbem-18282	97	20	*	*	PUNCT
fbem-18282	97	21	-5.1896	-5.1896	PROPN
fbem-18282	98	1	*	*	PUNCT
fbem-18282	98	2	-5.5869	-5.5869	PROPN
fbem-18282	98	3	*	*	PUNCT
fbem-18282	99	1	-2.4831	-2.4831	PROPN
fbem-18282	99	2	*	*	PUNCT
fbem-18282	99	3	-5.8860	-5.8860	NOUN
fbem-18282	99	4	*	*	PUNCT
fbem-18282	99	5	-7.8085	-7.8085	NOUN
fbem-18282	99	6	*	*	PUNCT
fbem-18282	99	7	-3.5063	-3.5063	NOUN
fbem-18282	100	1	*	*	PUNCT
fbem-18282	100	2	note	note	NOUN
fbem-18282	100	3	:	:	PUNCT
fbem-18282	100	4	*	*	PUNCT
fbem-18282	100	5	*	*	PUNCT
fbem-18282	100	6	*	*	PUNCT
fbem-18282	100	7	means	mean	VERB
fbem-18282	100	8	the	the	DET
fbem-18282	100	9	variable	variable	NOUN
fbem-18282	100	10	passes	pass	VERB
fbem-18282	100	11	the	the	DET
fbem-18282	100	12	test	test	NOUN
fbem-18282	100	13	.	.	PUNCT
fbem-18282	101	1	as	as	SCONJ
fbem-18282	101	2	can	can	AUX
fbem-18282	101	3	be	be	AUX
fbem-18282	101	4	seen	see	VERB
fbem-18282	101	5	in	in	ADP
fbem-18282	101	6	table	table	NOUN
fbem-18282	101	7	3	3	NUM
fbem-18282	101	8	,	,	PUNCT
fbem-18282	101	9	the	the	DET
fbem-18282	101	10	panel	panel	NOUN
fbem-18282	101	11	data	datum	NOUN
fbem-18282	101	12	passes	pass	VERB
fbem-18282	101	13	the	the	DET
fbem-18282	101	14	unit	unit	NOUN
fbem-18282	101	15	root	root	NOUN
fbem-18282	101	16	test	test	NOUN
fbem-18282	101	17	and	and	CCONJ
fbem-18282	101	18	is	be	AUX
fbem-18282	101	19	ready	ready	ADJ
fbem-18282	101	20	for	for	ADP
fbem-18282	101	21	the	the	DET
fbem-18282	101	22	next	next	ADJ
fbem-18282	101	23	regression	regression	NOUN
fbem-18282	101	24	model	model	NOUN
fbem-18282	101	25	analysis	analysis	NOUN
fbem-18282	101	26	.	.	PUNCT
fbem-18282	102	1	3.2.3	3.2.3	X
fbem-18282	102	2	.	.	X
fbem-18282	102	3	regression	regression	NOUN
fbem-18282	102	4	results	result	NOUN
fbem-18282	102	5	to	to	PART
fbem-18282	102	6	determine	determine	VERB
fbem-18282	102	7	the	the	DET
fbem-18282	102	8	model	model	NOUN
fbem-18282	102	9	in	in	ADP
fbem-18282	102	10	order	order	NOUN
fbem-18282	102	11	to	to	PART
fbem-18282	102	12	increase	increase	VERB
fbem-18282	102	13	the	the	DET
fbem-18282	102	14	accuracy	accuracy	NOUN
fbem-18282	102	15	of	of	ADP
fbem-18282	102	16	the	the	DET
fbem-18282	102	17	regression	regression	NOUN
fbem-18282	102	18	model	model	NOUN
fbem-18282	102	19	,	,	PUNCT
fbem-18282	102	20	the	the	DET
fbem-18282	102	21	mixed	mixed	ADJ
fbem-18282	102	22	(	(	PUNCT
fbem-18282	102	23	pooled	pooled	ADJ
fbem-18282	102	24	)	)	PUNCT
fbem-18282	102	25	panel	panel	NOUN
fbem-18282	102	26	data	datum	NOUN
fbem-18282	102	27	model	model	NOUN
fbem-18282	102	28	,	,	PUNCT
fbem-18282	102	29	the	the	DET
fbem-18282	102	30	fixed	fix	VERB
fbem-18282	102	31	effects	effect	NOUN
fbem-18282	102	32	variable	variable	ADJ
fbem-18282	102	33	intercept	intercept	NOUN
fbem-18282	102	34	model	model	NOUN
fbem-18282	102	35	,	,	PUNCT
fbem-18282	102	36	and	and	CCONJ
fbem-18282	102	37	the	the	DET
fbem-18282	102	38	random	random	ADJ
fbem-18282	102	39	effects	effect	NOUN
fbem-18282	102	40	variable	variable	ADJ
fbem-18282	102	41	intercept	intercept	NOUN
fbem-18282	102	42	model	model	NOUN
fbem-18282	102	43	are	be	AUX
fbem-18282	102	44	used	use	VERB
fbem-18282	102	45	for	for	ADP
fbem-18282	102	46	research	research	NOUN
fbem-18282	102	47	and	and	CCONJ
fbem-18282	102	48	analysis	analysis	NOUN
fbem-18282	102	49	respectively	respectively	ADV
fbem-18282	102	50	.	.	PUNCT
fbem-18282	103	1	after	after	SCONJ
fbem-18282	103	2	the	the	DET
fbem-18282	103	3	f	f	NOUN
fbem-18282	103	4	-	-	PUNCT
fbem-18282	103	5	test	test	NOUN
fbem-18282	103	6	eliminates	eliminate	VERB
fbem-18282	103	7	the	the	DET
fbem-18282	103	8	mixed	mixed	ADJ
fbem-18282	103	9	(	(	PUNCT
fbem-18282	103	10	pooled	pooled	ADJ
fbem-18282	103	11	)	)	PUNCT
fbem-18282	103	12	panel	panel	NOUN
fbem-18282	103	13	data	datum	NOUN
fbem-18282	103	14	model	model	NOUN
fbem-18282	103	15	or	or	CCONJ
fbem-18282	103	16	random	random	ADJ
fbem-18282	103	17	effects	effect	NOUN
fbem-18282	103	18	variable	variable	ADJ
fbem-18282	103	19	intercept	intercept	NOUN
fbem-18282	103	20	model	model	NOUN
fbem-18282	103	21	,	,	PUNCT
fbem-18282	103	22	the	the	DET
fbem-18282	103	23	final	final	ADJ
fbem-18282	103	24	model	model	NOUN
fbem-18282	103	25	of	of	ADP
fbem-18282	103	26	this	this	DET
fbem-18282	103	27	paper	paper	NOUN
fbem-18282	103	28	is	be	AUX
fbem-18282	103	29	judged	judge	VERB
fbem-18282	103	30	by	by	ADP
fbem-18282	103	31	the	the	DET
fbem-18282	103	32	hausman	hausman	PROPN
fbem-18282	103	33	test	test	NOUN
fbem-18282	103	34	.	.	PUNCT
fbem-18282	104	1	the	the	DET
fbem-18282	104	2	results	result	NOUN
fbem-18282	104	3	of	of	ADP
fbem-18282	104	4	the	the	DET
fbem-18282	104	5	three	three	NUM
fbem-18282	104	6	models	model	NOUN
fbem-18282	104	7	are	be	AUX
fbem-18282	104	8	shown	show	VERB
fbem-18282	104	9	in	in	ADP
fbem-18282	104	10	table	table	NOUN
fbem-18282	104	11	4	4	NUM
fbem-18282	104	12	below	below	ADV
fbem-18282	104	13	.	.	PUNCT
fbem-18282	105	1	table	table	NOUN
fbem-18282	105	2	4	4	NUM
fbem-18282	105	3	.	.	PUNCT
fbem-18282	106	1	results	result	NOUN
fbem-18282	106	2	of	of	ADP
fbem-18282	106	3	the	the	DET
fbem-18282	106	4	three	three	NUM
fbem-18282	106	5	models	model	NOUN
fbem-18282	106	6	(	(	PUNCT
fbem-18282	106	7	1	1	NUM
fbem-18282	106	8	)	)	PUNCT
fbem-18282	106	9	(	(	PUNCT
fbem-18282	106	10	2	2	NUM
fbem-18282	106	11	)	)	PUNCT
fbem-18282	106	12	(	(	PUNCT
fbem-18282	106	13	3	3	X
fbem-18282	106	14	)	)	PUNCT
fbem-18282	106	15	hybrid	hybrid	ADJ
fbem-18282	106	16	fixation	fixation	NOUN
fbem-18282	106	17	stochastic	stochastic	NOUN
fbem-18282	106	18	roa	roa	PROPN
fbem-18282	106	19	roa	roa	PROPN
fbem-18282	106	20	roa	roa	PROPN
fbem-18282	106	21	jlc	jlc	PROPN
fbem-18282	106	22	0.2790563	0.2790563	NUM
fbem-18282	106	23	*	*	PUNCT
fbem-18282	106	24	0.2538037	0.2538037	NUM
fbem-18282	106	25	*	*	PUNCT
fbem-18282	106	26	*	*	PUNCT
fbem-18282	106	27	*	*	X
fbem-18282	106	28	0.2747508	0.2747508	NUM
fbem-18282	106	29	*	*	PUNCT
fbem-18282	106	30	*	*	PUNCT
fbem-18282	106	31	*	*	PUNCT
fbem-18282	106	32	(	(	PUNCT
fbem-18282	106	33	3.17	3.17	NUM
fbem-18282	106	34	)	)	PUNCT
fbem-18282	106	35	(	(	PUNCT
fbem-18282	106	36	3.54	3.54	NUM
fbem-18282	106	37	)	)	PUNCT
fbem-18282	106	38	(	(	PUNCT
fbem-18282	106	39	7.16	7.16	NUM
fbem-18282	106	40	)	)	PUNCT
fbem-18282	106	41	pc	pc	NOUN
fbem-18282	106	42	-0.0002117	-0.0002117	NOUN
fbem-18282	106	43	-0.0006444	-0.0006444	VERB
fbem-18282	107	1	*	*	PUNCT
fbem-18282	108	1	*	*	PUNCT
fbem-18282	108	2	*	*	PUNCT
fbem-18282	108	3	-0.0004188	-0.0004188	NOUN
fbem-18282	108	4	*	*	PUNCT
fbem-18282	108	5	*	*	PUNCT
fbem-18282	108	6	*	*	PUNCT
fbem-18282	108	7	(	(	PUNCT
fbem-18282	108	8	1.22	1.22	NUM
fbem-18282	108	9	)	)	PUNCT
fbem-18282	108	10	(	(	PUNCT
fbem-18282	108	11	4.21	4.21	NUM
fbem-18282	108	12	)	)	PUNCT
fbem-18282	108	13	(	(	PUNCT
fbem-18282	108	14	3.11	3.11	NUM
fbem-18282	108	15	)	)	PUNCT
fbem-18282	108	16	liquidity	liquidity	NOUN
fbem-18282	108	17	-0.0005951	-0.0005951	NOUN
fbem-18282	108	18	0.0040405	0.0040405	NUM
fbem-18282	108	19	-0.0028816	-0.0028816	NOUN
fbem-18282	108	20	*	*	PUNCT
fbem-18282	108	21	*	*	PUNCT
fbem-18282	108	22	(	(	PUNCT
fbem-18282	108	23	-0.24	-0.24	NOUN
fbem-18282	108	24	)	)	PUNCT
fbem-18282	108	25	(	(	PUNCT
fbem-18282	108	26	-1.54	-1.54	NUM
fbem-18282	108	27	)	)	PUNCT
fbem-18282	108	28	(	(	PUNCT
fbem-18282	108	29	-1.97	-1.97	NOUN
fbem-18282	108	30	)	)	PUNCT
fbem-18282	108	31	lszp	lszp	NOUN
fbem-18282	108	32	-0.0054294	-0.0054294	NOUN
fbem-18282	108	33	0.0046219	0.0046219	NUM
fbem-18282	108	34	0.0011485	0.0011485	NUM
fbem-18282	108	35	(	(	PUNCT
fbem-18282	108	36	-1.42	-1.42	NUM
fbem-18282	108	37	)	)	PUNCT
fbem-18282	108	38	(	(	PUNCT
fbem-18282	108	39	1.62	1.62	NUM
fbem-18282	108	40	)	)	PUNCT
fbem-18282	108	41	(	(	PUNCT
fbem-18282	108	42	0.52	0.52	NUM
fbem-18282	108	43	)	)	PUNCT
fbem-18282	108	44	cbsrb	cbsrb	NOUN
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fbem-18282	108	46	*	*	PUNCT
fbem-18282	108	47	*	*	PUNCT
fbem-18282	108	48	-0.0191229	-0.0191229	PUNCT
fbem-18282	109	1	*	*	PUNCT
fbem-18282	109	2	*	*	PUNCT
fbem-18282	109	3	*	*	PUNCT
fbem-18282	110	1	-0.0142294	-0.0142294	NOUN
fbem-18282	110	2	*	*	PUNCT
fbem-18282	110	3	*	*	PUNCT
fbem-18282	110	4	*	*	PUNCT
fbem-18282	110	5	(	(	PUNCT
fbem-18282	110	6	-2.38	-2.38	NOUN
fbem-18282	110	7	)	)	PUNCT
fbem-18282	110	8	(	(	PUNCT
fbem-18282	110	9	-3.83	-3.83	ADV
fbem-18282	110	10	)	)	PUNCT
fbem-18282	110	11	(	(	PUNCT
fbem-18282	110	12	-4.07	-4.07	NOUN
fbem-18282	110	13	)	)	PUNCT
fbem-18282	110	14	insize	insize	NOUN
fbem-18282	110	15	0.0701047	0.0701047	NUM
fbem-18282	110	16	0.4333385	0.4333385	NUM
fbem-18282	110	17	*	*	PUNCT
fbem-18282	110	18	*	*	PUNCT
fbem-18282	110	19	*	*	X
fbem-18282	110	20	0.1284485	0.1284485	NUM
fbem-18282	110	21	(	(	PUNCT
fbem-18282	110	22	1.38	1.38	NUM
fbem-18282	110	23	)	)	PUNCT
fbem-18282	110	24	(	(	PUNCT
fbem-18282	110	25	-3.06	-3.06	NUM
fbem-18282	110	26	)	)	PUNCT
fbem-18282	110	27	(	(	PUNCT
fbem-18282	110	28	-1.35	-1.35	NOUN
fbem-18282	110	29	)	)	PUNCT
fbem-18282	110	30	gdpr	gdpr	NOUN
fbem-18282	110	31	-0.0069633	-0.0069633	NOUN
fbem-18282	111	1	0.0101617	0.0101617	NUM
fbem-18282	111	2	*	*	PUNCT
fbem-18282	111	3	*	*	PUNCT
fbem-18282	111	4	*	*	NOUN
fbem-18282	111	5	-0.0072424	-0.0072424	X
fbem-18282	111	6	*	*	PUNCT
fbem-18282	111	7	*	*	PUNCT
fbem-18282	111	8	*	*	PUNCT
fbem-18282	111	9	(	(	PUNCT
fbem-18282	111	10	-2.14	-2.14	NOUN
fbem-18282	111	11	)	)	PUNCT
fbem-18282	111	12	(	(	PUNCT
fbem-18282	111	13	-4.43	-4.43	NUM
fbem-18282	111	14	)	)	PUNCT
fbem-18282	111	15	(	(	PUNCT
fbem-18282	111	16	-3.52	-3.52	NOUN
fbem-18282	111	17	)	)	PUNCT
fbem-18282	111	18	m2	m2	PROPN
fbem-18282	111	19	0.0007771	0.0007771	NUM
fbem-18282	111	20	*	*	PUNCT
fbem-18282	111	21	*	*	PUNCT
fbem-18282	111	22	0.0005487	0.0005487	NUM
fbem-18282	111	23	0.0007628	0.0007628	NUM
fbem-18282	111	24	*	*	PUNCT
fbem-18282	111	25	*	*	PUNCT
fbem-18282	111	26	*	*	PUNCT
fbem-18282	111	27	(	(	PUNCT
fbem-18282	111	28	2.62	2.62	NUM
fbem-18282	111	29	)	)	PUNCT
fbem-18282	111	30	(	(	PUNCT
fbem-18282	111	31	1.73	1.73	NUM
fbem-18282	111	32	)	)	PUNCT
fbem-18282	111	33	(	(	PUNCT
fbem-18282	111	34	2.68	2.68	NUM
fbem-18282	111	35	)	)	PUNCT
fbem-18282	111	36	constant	constant	ADJ
fbem-18282	111	37	0.6421087	0.6421087	NUM
fbem-18282	111	38	3.323965	3.323965	NUM
fbem-18282	111	39	1.651267	1.651267	NUM
fbem-18282	111	40	(	(	PUNCT
fbem-18282	111	41	1.52	1.52	NUM
fbem-18282	111	42	)	)	PUNCT
fbem-18282	111	43	(	(	PUNCT
fbem-18282	111	44	4.25	4.25	NUM
fbem-18282	111	45	)	)	PUNCT
fbem-18282	111	46	(	(	PUNCT
fbem-18282	111	47	2.96	2.96	NUM
fbem-18282	111	48	)	)	PUNCT
fbem-18282	111	49	observations	observation	NOUN
fbem-18282	111	50	208	208	NUM
fbem-18282	111	51	208	208	NUM
fbem-18282	111	52	208	208	NUM
fbem-18282	111	53	r	r	NOUN
fbem-18282	111	54	-	-	PUNCT
fbem-18282	111	55	squared	square	VERB
fbem-18282	111	56	0.3349	0.3349	NUM
fbem-18282	111	57	0.4367	0.4367	NUM
fbem-18282	111	58	number	number	NOUN
fbem-18282	111	59	of	of	ADP
fbem-18282	111	60	i	i	PROPN
fbem-18282	111	61	d	d	PROPN
fbem-18282	111	62	16	16	NUM
fbem-18282	111	63	16	16	NUM
fbem-18282	111	64	t	t	PROPN
fbem-18282	111	65	-	-	PUNCT
fbem-18282	111	66	statistics	statistic	NOUN
fbem-18282	111	67	in	in	ADP
fbem-18282	111	68	parentheses	parenthesis	NOUN
fbem-18282	111	69	*	*	PUNCT
fbem-18282	111	70	*	*	PUNCT
fbem-18282	111	71	*	*	PUNCT
fbem-18282	111	72	p<0.01,**p<0.05,*p<0.1	p<0.01,**p<0.05,*p<0.1	NOUN
fbem-18282	111	73	according	accord	VERB
fbem-18282	111	74	to	to	ADP
fbem-18282	111	75	the	the	DET
fbem-18282	111	76	f	f	NOUN
fbem-18282	111	77	-	-	PUNCT
fbem-18282	111	78	value	value	NOUN
fbem-18282	111	79	of	of	ADP
fbem-18282	111	80	the	the	DET
fbem-18282	111	81	fixed	fix	VERB
fbem-18282	111	82	-	-	PUNCT
fbem-18282	111	83	effects	effect	NOUN
fbem-18282	111	84	variable	variable	ADJ
fbem-18282	111	85	intercept	intercept	NOUN
fbem-18282	111	86	model	model	NOUN
fbem-18282	111	87	,	,	PUNCT
fbem-18282	111	88	the	the	DET
fbem-18282	111	89	f	f	NOUN
fbem-18282	111	90	-	-	PUNCT
fbem-18282	111	91	statistic	statistic	ADJ
fbem-18282	111	92	value	value	NOUN
fbem-18282	111	93	is	be	AUX
fbem-18282	111	94	15.92	15.92	NUM
fbem-18282	111	95	,	,	PUNCT
fbem-18282	111	96	and	and	CCONJ
fbem-18282	111	97	the	the	DET
fbem-18282	111	98	p	p	NOUN
fbem-18282	111	99	-	-	PUNCT
fbem-18282	111	100	value	value	NOUN
fbem-18282	111	101	is	be	AUX
fbem-18282	111	102	0.0000<0.05	0.0000<0.05	NOUN
fbem-18282	111	103	,	,	PUNCT
fbem-18282	111	104	so	so	CCONJ
fbem-18282	111	105	the	the	DET
fbem-18282	111	106	pooled	pool	VERB
fbem-18282	111	107	panel	panel	NOUN
fbem-18282	111	108	data	datum	NOUN
fbem-18282	111	109	model	model	NOUN
fbem-18282	111	110	is	be	AUX
fbem-18282	111	111	rejected	reject	VERB
fbem-18282	111	112	.	.	PUNCT
fbem-18282	112	1	next	next	ADV
fbem-18282	112	2	,	,	PUNCT
fbem-18282	112	3	according	accord	VERB
fbem-18282	112	4	to	to	ADP
fbem-18282	112	5	the	the	DET
fbem-18282	112	6	hausman	hausman	ADJ
fbem-18282	112	7	test	test	NOUN
fbem-18282	112	8	,	,	PUNCT
fbem-18282	112	9	the	the	DET
fbem-18282	112	10	chi	chi	ADJ
fbem-18282	112	11	-	-	PUNCT
fbem-18282	112	12	square	square	ADJ
fbem-18282	112	13	statistic	statistic	NOUN
fbem-18282	112	14	is	be	AUX
fbem-18282	112	15	64.97	64.97	NUM
fbem-18282	112	16	,	,	PUNCT
fbem-18282	112	17	p	p	X
fbem-18282	112	18	-	-	PUNCT
fbem-18282	112	19	value	value	NOUN
fbem-18282	112	20	is	be	AUX
fbem-18282	112	21	0.0000<0.05	0.0000<0.05	NOUN
fbem-18282	112	22	,	,	PUNCT
fbem-18282	112	23	so	so	CCONJ
fbem-18282	112	24	the	the	DET
fbem-18282	112	25	random	random	ADJ
fbem-18282	112	26	effect	effect	NOUN
fbem-18282	112	27	variable	variable	ADJ
fbem-18282	112	28	intercept	intercept	NOUN
fbem-18282	112	29	model	model	NOUN
fbem-18282	112	30	is	be	AUX
fbem-18282	112	31	rejected	reject	VERB
fbem-18282	112	32	,	,	PUNCT
fbem-18282	112	33	and	and	CCONJ
fbem-18282	112	34	the	the	DET
fbem-18282	112	35	final	final	ADJ
fbem-18282	112	36	multiple	multiple	ADJ
fbem-18282	112	37	linear	linear	ADJ
fbem-18282	112	38	regression	regression	NOUN
fbem-18282	112	39	model	model	NOUN
fbem-18282	112	40	is	be	AUX
fbem-18282	112	41	the	the	DET
fbem-18282	112	42	fixed	fix	VERB
fbem-18282	112	43	effect	effect	NOUN
fbem-18282	112	44	variable	variable	ADJ
fbem-18282	112	45	intercept	intercept	NOUN
fbem-18282	112	46	model	model	NOUN
fbem-18282	112	47	,	,	PUNCT
fbem-18282	112	48	i.e.	i.e.	X
fbem-18282	112	49	,	,	PUNCT
fbem-18282	112	50	model	model	NOUN
fbem-18282	112	51	(	(	PUNCT
fbem-18282	112	52	2	2	NUM
fbem-18282	112	53	)	)	PUNCT
fbem-18282	112	54	in	in	ADP
fbem-18282	112	55	table	table	NOUN
fbem-18282	112	56	4	4	NUM
fbem-18282	112	57	.	.	PUNCT
fbem-18282	112	58	3.2.4	3.2.4	NUM
fbem-18282	112	59	.	.	PUNCT
fbem-18282	113	1	analysis	analysis	NOUN
fbem-18282	113	2	of	of	ADP
fbem-18282	113	3	regression	regression	NOUN
fbem-18282	113	4	results	result	VERB
fbem-18282	113	5	the	the	DET
fbem-18282	113	6	multiple	multiple	ADJ
fbem-18282	113	7	linear	linear	ADJ
fbem-18282	113	8	regression	regression	NOUN
fbem-18282	113	9	model	model	NOUN
fbem-18282	113	10	of	of	ADP
fbem-18282	113	11	this	this	DET
fbem-18282	113	12	paper	paper	NOUN
fbem-18282	113	13	is	be	AUX
fbem-18282	113	14	:	:	PUNCT
fbem-18282	113	15	roa=1lc	roa=1lc	NOUN
fbem-18282	113	16	*	*	NOUN
fbem-18282	113	17	0.2538037	0.2538037	NUM
fbem-18282	113	18	ipc*0.0006444+liouidity*0.0040405+lszp*0.0046219	ipc*0.0006444+liouidity*0.0040405+lszp*0.0046219	NUM
fbem-18282	113	19	-cbsrb*0.0191229*+insize*0.4333385+gdpr	-cbsrb*0.0191229*+insize*0.4333385+gdpr	PROPN
fbem-18282	113	20	*	*	PUNCT
fbem-18282	113	21	0.0101617*+m2	0.0101617*+m2	PROPN
fbem-18282	113	22	*	*	PUNCT
fbem-18282	113	23	0.0005487	0.0005487	NUM
fbem-18282	113	24	+	+	NOUN
fbem-18282	113	25	3.323965	3.323965	NUM
fbem-18282	113	26	among	among	ADP
fbem-18282	113	27	the	the	DET
fbem-18282	113	28	selected	select	VERB
fbem-18282	113	29	indicators	indicator	NOUN
fbem-18282	113	30	,	,	PUNCT
fbem-18282	113	31	those	those	PRON
fbem-18282	113	32	that	that	PRON
fbem-18282	113	33	have	have	VERB
fbem-18282	113	34	significant	significant	ADJ
fbem-18282	113	35	correlation	correlation	NOUN
fbem-18282	113	36	with	with	ADP
fbem-18282	113	37	the	the	DET
fbem-18282	113	38	profitability	profitability	NOUN
fbem-18282	113	39	of	of	ADP
fbem-18282	113	40	commercial	commercial	ADJ
fbem-18282	113	41	banks	bank	NOUN
fbem-18282	113	42	are	be	AUX
fbem-18282	113	43	:	:	PUNCT
fbem-18282	113	44	net	net	ADJ
fbem-18282	113	45	interest	interest	NOUN
fbem-18282	113	46	margin	margin	NOUN
fbem-18282	113	47	,	,	PUNCT
fbem-18282	113	48	non	non	ADJ
fbem-18282	113	49	-	-	ADJ
fbem-18282	113	50	performing	perform	VERB
fbem-18282	113	51	loan	loan	NOUN
fbem-18282	113	52	provision	provision	NOUN
fbem-18282	113	53	coverage	coverage	NOUN
fbem-18282	113	54	ratio	ratio	NOUN
fbem-18282	113	55	,	,	PUNCT
fbem-18282	113	56	non	non	ADJ
fbem-18282	113	57	-	-	ADJ
fbem-18282	113	58	interest	interest	ADJ
fbem-18282	113	59	income	income	NOUN
fbem-18282	113	60	ratio	ratio	NOUN
fbem-18282	113	61	and	and	CCONJ
fbem-18282	113	62	asset	asset	NOUN
fbem-18282	113	63	size	size	NOUN
fbem-18282	113	64	.	.	PUNCT
fbem-18282	114	1	deposit	deposit	NOUN
fbem-18282	114	2	and	and	CCONJ
fbem-18282	114	3	loan	loan	NOUN
fbem-18282	114	4	ratio	ratio	NOUN
fbem-18282	114	5	(	(	PUNCT
fbem-18282	114	6	rmb	rmb	NOUN
fbem-18282	114	7	)	)	PUNCT
fbem-18282	114	8	,	,	PUNCT
fbem-18282	114	9	cost	cost	NOUN
fbem-18282	114	10	-	-	PUNCT
fbem-18282	114	11	income	income	NOUN
fbem-18282	114	12	ratio	ratio	NOUN
fbem-18282	114	13	(	(	PUNCT
fbem-18282	114	14	operating	operate	VERB
fbem-18282	114	15	cost	cost	NOUN
fbem-18282	114	16	/	/	SYM
fbem-18282	114	17	operating	operate	VERB
fbem-18282	114	18	income	income	NOUN
fbem-18282	114	19	)	)	PUNCT
fbem-18282	114	20	,	,	PUNCT
fbem-18282	114	21	gdp	gdp	NOUN
fbem-18282	114	22	growth	growth	NOUN
fbem-18282	114	23	rate	rate	NOUN
fbem-18282	114	24	and	and	CCONJ
fbem-18282	114	25	broad	broad	ADJ
fbem-18282	114	26	money	money	NOUN
fbem-18282	114	27	supply	supply	NOUN
fbem-18282	114	28	growth	growth	NOUN
fbem-18282	114	29	rate	rate	NOUN
fbem-18282	114	30	do	do	AUX
fbem-18282	114	31	not	not	PART
fbem-18282	114	32	have	have	VERB
fbem-18282	114	33	a	a	DET
fbem-18282	114	34	significant	significant	ADJ
fbem-18282	114	35	effect	effect	NOUN
fbem-18282	114	36	on	on	ADP
fbem-18282	114	37	the	the	DET
fbem-18282	114	38	profitability	profitability	NOUN
fbem-18282	114	39	of	of	ADP
fbem-18282	114	40	commercial	commercial	ADJ
fbem-18282	114	41	banks	bank	NOUN
fbem-18282	114	42	.	.	PUNCT
fbem-18282	115	1	net	net	ADJ
fbem-18282	115	2	interest	interest	NOUN
fbem-18282	115	3	margin	margin	NOUN
fbem-18282	115	4	and	and	CCONJ
fbem-18282	115	5	commercial	commercial	ADJ
fbem-18282	115	6	bank	bank	NOUN
fbem-18282	115	7	profitability	profitability	NOUN
fbem-18282	115	8	is	be	AUX
fbem-18282	115	9	proportional	proportional	ADJ
fbem-18282	115	10	to	to	ADP
fbem-18282	115	11	the	the	DET
fbem-18282	115	12	relationship	relationship	NOUN
fbem-18282	115	13	between	between	ADP
fbem-18282	115	14	every	every	DET
fbem-18282	115	15	1	1	NUM
fbem-18282	115	16	%	%	NOUN
fbem-18282	115	17	rise	rise	NOUN
fbem-18282	115	18	in	in	ADP
fbem-18282	115	19	profitability	profitability	NOUN
fbem-18282	115	20	,	,	PUNCT
fbem-18282	115	21	commercial	commercial	ADJ
fbem-18282	115	22	bank	bank	NOUN
fbem-18282	115	23	profitability	profitability	NOUN
fbem-18282	115	24	rose	rise	VERB
fbem-18282	115	25	by	by	ADP
fbem-18282	115	26	0.2538037	0.2538037	NUM
fbem-18282	115	27	%	%	NOUN
fbem-18282	115	28	,	,	PUNCT
fbem-18282	115	29	net	net	ADJ
fbem-18282	115	30	interest	interest	NOUN
fbem-18282	115	31	margin	margin	NOUN
fbem-18282	115	32	is	be	AUX
fbem-18282	115	33	the	the	DET
fbem-18282	115	34	difference	difference	NOUN
fbem-18282	115	35	between	between	ADP
fbem-18282	115	36	the	the	DET
fbem-18282	115	37	interest	interest	NOUN
fbem-18282	115	38	on	on	ADP
fbem-18282	115	39	deposits	deposit	NOUN
fbem-18282	115	40	and	and	CCONJ
fbem-18282	115	41	loans	loan	NOUN
fbem-18282	115	42	of	of	ADP
fbem-18282	115	43	commercial	commercial	ADJ
fbem-18282	115	44	banks	bank	NOUN
fbem-18282	115	45	,	,	PUNCT
fbem-18282	115	46	is	be	AUX
fbem-18282	115	47	the	the	DET
fbem-18282	115	48	most	most	ADV
fbem-18282	115	49	important	important	ADJ
fbem-18282	115	50	mode	mode	NOUN
fbem-18282	115	51	of	of	ADP
fbem-18282	115	52	profitability	profitability	NOUN
fbem-18282	115	53	,	,	PUNCT
fbem-18282	115	54	the	the	DET
fbem-18282	115	55	importance	importance	NOUN
fbem-18282	115	56	of	of	ADP
fbem-18282	115	57	selfevident	selfevident	NOUN
fbem-18282	115	58	;	;	PUNCT
fbem-18282	115	59	asset	asset	NOUN
fbem-18282	115	60	size	size	NOUN
fbem-18282	115	61	and	and	CCONJ
fbem-18282	115	62	commercial	commercial	ADJ
fbem-18282	115	63	bank	bank	NOUN
fbem-18282	115	64	profitability	profitability	NOUN
fbem-18282	115	65	is	be	AUX
fbem-18282	115	66	proportional	proportional	ADJ
fbem-18282	115	67	to	to	ADP
fbem-18282	115	68	the	the	DET
fbem-18282	115	69	relationship	relationship	NOUN
fbem-18282	115	70	between	between	ADP
fbem-18282	115	71	every	every	DET
fbem-18282	115	72	1	1	NUM
fbem-18282	115	73	%	%	NOUN
fbem-18282	115	74	rise	rise	NOUN
fbem-18282	115	75	in	in	ADP
fbem-18282	115	76	profitability	profitability	NOUN
fbem-18282	115	77	,	,	PUNCT
fbem-18282	115	78	commercial	commercial	ADJ
fbem-18282	115	79	bank	bank	NOUN
fbem-18282	115	80	profitability	profitability	NOUN
fbem-18282	115	81	rose	rise	VERB
fbem-18282	115	82	by	by	ADP
fbem-18282	115	83	241	241	NUM
fbem-18282	115	84	0.4333385	0.4333385	NUM
fbem-18282	115	85	%	%	NOUN
fbem-18282	115	86	,	,	PUNCT
fbem-18282	115	87	any	any	DET
fbem-18282	115	88	enterprises	enterprise	NOUN
fbem-18282	115	89	have	have	VERB
fbem-18282	115	90	scale	scale	NOUN
fbem-18282	115	91	effects	effect	NOUN
fbem-18282	115	92	,	,	PUNCT
fbem-18282	115	93	banks	bank	NOUN
fbem-18282	115	94	are	be	AUX
fbem-18282	115	95	no	no	DET
fbem-18282	115	96	exception	exception	NOUN
fbem-18282	115	97	,	,	PUNCT
fbem-18282	115	98	the	the	DET
fbem-18282	115	99	size	size	NOUN
fbem-18282	115	100	of	of	ADP
fbem-18282	115	101	the	the	DET
fbem-18282	115	102	bank	bank	NOUN
fbem-18282	115	103	can	can	AUX
fbem-18282	115	104	reduce	reduce	VERB
fbem-18282	115	105	marginal	marginal	ADJ
fbem-18282	115	106	costs	cost	NOUN
fbem-18282	115	107	,	,	PUNCT
fbem-18282	115	108	thereby	thereby	ADV
fbem-18282	115	109	improving	improve	VERB
fbem-18282	115	110	their	their	PRON
fbem-18282	115	111	profitability	profitability	NOUN
fbem-18282	115	112	;	;	PUNCT
fbem-18282	115	113	non	non	ADJ
fbem-18282	115	114	-	-	ADJ
fbem-18282	115	115	performing	perform	VERB
fbem-18282	115	116	loans	loan	NOUN
fbem-18282	115	117	provision	provision	NOUN
fbem-18282	115	118	coverage	coverage	NOUN
fbem-18282	115	119	ratio	ratio	NOUN
fbem-18282	115	120	and	and	CCONJ
fbem-18282	115	121	commercial	commercial	ADJ
fbem-18282	115	122	bank	bank	NOUN
fbem-18282	115	123	profitability	profitability	NOUN
fbem-18282	115	124	is	be	AUX
fbem-18282	115	125	inversely	inversely	ADV
fbem-18282	115	126	proportional	proportional	ADJ
fbem-18282	115	127	to	to	ADP
fbem-18282	115	128	the	the	DET
fbem-18282	115	129	relationship	relationship	NOUN
fbem-18282	115	130	between	between	ADP
fbem-18282	115	131	every	every	DET
fbem-18282	115	132	1	1	NUM
fbem-18282	115	133	%	%	NOUN
fbem-18282	115	134	rise	rise	NOUN
fbem-18282	115	135	in	in	ADP
fbem-18282	115	136	profitability	profitability	NOUN
fbem-18282	115	137	of	of	ADP
fbem-18282	115	138	commercial	commercial	ADJ
fbem-18282	115	139	banks	bank	NOUN
fbem-18282	115	140	,	,	PUNCT
fbem-18282	115	141	the	the	DET
fbem-18282	115	142	profitability	profitability	NOUN
fbem-18282	115	143	of	of	ADP
fbem-18282	115	144	commercial	commercial	ADJ
fbem-18282	115	145	banks	bank	NOUN
fbem-18282	115	146	fell	fall	VERB
fbem-18282	115	147	by	by	ADP
fbem-18282	115	148	0.0006444	0.0006444	NUM
fbem-18282	115	149	%	%	NOUN
fbem-18282	115	150	;	;	PUNCT
fbem-18282	115	151	non	non	ADJ
fbem-18282	115	152	-	-	ADJ
fbem-18282	115	153	interest	interest	ADJ
fbem-18282	115	154	income	income	NOUN
fbem-18282	115	155	ratio	ratio	NOUN
fbem-18282	115	156	and	and	CCONJ
fbem-18282	115	157	commercial	commercial	ADJ
fbem-18282	115	158	bank	bank	NOUN
fbem-18282	115	159	profitability	profitability	NOUN
fbem-18282	115	160	is	be	AUX
fbem-18282	115	161	a	a	DET
fbem-18282	115	162	positive	positive	ADJ
fbem-18282	115	163	relationship	relationship	NOUN
fbem-18282	115	164	between	between	ADP
fbem-18282	115	165	every	every	DET
fbem-18282	115	166	1	1	NUM
fbem-18282	115	167	%	%	NOUN
fbem-18282	115	168	rise	rise	NOUN
fbem-18282	115	169	in	in	ADP
fbem-18282	115	170	profitability	profitability	NOUN
fbem-18282	115	171	of	of	ADP
fbem-18282	115	172	commercial	commercial	ADJ
fbem-18282	115	173	banks	bank	NOUN
fbem-18282	115	174	rose	rise	VERB
fbem-18282	115	175	by	by	ADP
fbem-18282	115	176	0.0006444	0.0006444	NUM
fbem-18282	115	177	%	%	NOUN
fbem-18282	115	178	;	;	PUNCT
fbem-18282	115	179	non	non	ADJ
fbem-18282	115	180	-	-	ADJ
fbem-18282	115	181	interest	interest	ADJ
fbem-18282	115	182	income	income	NOUN
fbem-18282	115	183	ratio	ratio	NOUN
fbem-18282	115	184	and	and	CCONJ
fbem-18282	115	185	commercial	commercial	ADJ
fbem-18282	115	186	bank	bank	NOUN
fbem-18282	115	187	profitability	profitability	NOUN
fbem-18282	115	188	is	be	AUX
fbem-18282	115	189	a	a	DET
fbem-18282	115	190	positive	positive	ADJ
fbem-18282	115	191	relationship	relationship	NOUN
fbem-18282	115	192	between	between	ADP
fbem-18282	115	193	every	every	DET
fbem-18282	115	194	1	1	NUM
fbem-18282	115	195	%	%	NOUN
fbem-18282	115	196	rise	rise	NOUN
fbem-18282	115	197	in	in	ADP
fbem-18282	115	198	profitability	profitability	NOUN
fbem-18282	115	199	of	of	ADP
fbem-18282	115	200	commercial	commercial	ADJ
fbem-18282	115	201	banks	bank	NOUN
fbem-18282	115	202	rose	rise	VERB
fbem-18282	115	203	by	by	ADP
fbem-18282	115	204	0.0006444	0.0006444	NUM
fbem-18282	115	205	%	%	NOUN
fbem-18282	115	206	.	.	PUNCT
fbem-18282	116	1	non	non	ADJ
fbem-18282	116	2	-	-	ADJ
fbem-18282	116	3	interest	interest	ADJ
fbem-18282	116	4	income	income	NOUN
fbem-18282	116	5	ratio	ratio	NOUN
fbem-18282	116	6	is	be	AUX
fbem-18282	116	7	positively	positively	ADV
fbem-18282	116	8	related	relate	VERB
fbem-18282	116	9	to	to	ADP
fbem-18282	116	10	the	the	DET
fbem-18282	116	11	profitability	profitability	NOUN
fbem-18282	116	12	of	of	ADP
fbem-18282	116	13	commercial	commercial	ADJ
fbem-18282	116	14	banks	bank	NOUN
fbem-18282	116	15	,	,	PUNCT
fbem-18282	116	16	every	every	DET
fbem-18282	116	17	1	1	NUM
fbem-18282	116	18	%	%	NOUN
fbem-18282	116	19	increase	increase	NOUN
fbem-18282	116	20	,	,	PUNCT
fbem-18282	116	21	the	the	DET
fbem-18282	116	22	profitability	profitability	NOUN
fbem-18282	116	23	of	of	ADP
fbem-18282	116	24	commercial	commercial	ADJ
fbem-18282	116	25	banks	bank	NOUN
fbem-18282	116	26	rose	rise	VERB
fbem-18282	116	27	by	by	ADP
fbem-18282	116	28	0.0046219	0.0046219	NUM
fbem-18282	116	29	%	%	NOUN
fbem-18282	116	30	.	.	PUNCT
fbem-18282	117	1	the	the	DET
fbem-18282	117	2	deposit	deposit	NOUN
fbem-18282	117	3	to	to	PART
fbem-18282	117	4	loan	loan	VERB
fbem-18282	117	5	ratio	ratio	NOUN
fbem-18282	117	6	is	be	AUX
fbem-18282	117	7	positively	positively	ADV
fbem-18282	117	8	related	relate	VERB
fbem-18282	117	9	to	to	ADP
fbem-18282	117	10	the	the	DET
fbem-18282	117	11	profitability	profitability	NOUN
fbem-18282	117	12	of	of	ADP
fbem-18282	117	13	commercial	commercial	ADJ
fbem-18282	117	14	banks	bank	NOUN
fbem-18282	117	15	with	with	ADP
fbem-18282	117	16	a	a	DET
fbem-18282	117	17	regression	regression	NOUN
fbem-18282	117	18	coefficient	coefficient	NOUN
fbem-18282	117	19	of	of	ADP
fbem-18282	117	20	0.0040405	0.0040405	NUM
fbem-18282	117	21	,	,	PUNCT
fbem-18282	117	22	which	which	PRON
fbem-18282	117	23	is	be	AUX
fbem-18282	117	24	an	an	DET
fbem-18282	117	25	extremely	extremely	ADV
fbem-18282	117	26	weak	weak	ADJ
fbem-18282	117	27	effect	effect	NOUN
fbem-18282	117	28	.	.	PUNCT
fbem-18282	118	1	in	in	ADP
fbem-18282	118	2	theory	theory	NOUN
fbem-18282	118	3	,	,	PUNCT
fbem-18282	118	4	the	the	PRON
fbem-18282	118	5	smaller	small	ADJ
fbem-18282	118	6	the	the	DET
fbem-18282	118	7	ratio	ratio	NOUN
fbem-18282	118	8	of	of	ADP
fbem-18282	118	9	deposits	deposit	NOUN
fbem-18282	118	10	to	to	ADP
fbem-18282	118	11	loans	loan	NOUN
fbem-18282	118	12	,	,	PUNCT
fbem-18282	118	13	the	the	DET
fbem-18282	118	14	better	well	ADJ
fbem-18282	118	15	.	.	PUNCT
fbem-18282	119	1	the	the	PRON
fbem-18282	119	2	smaller	small	ADJ
fbem-18282	119	3	the	the	DET
fbem-18282	119	4	ratio	ratio	NOUN
fbem-18282	119	5	of	of	ADP
fbem-18282	119	6	deposits	deposit	NOUN
fbem-18282	119	7	to	to	ADP
fbem-18282	119	8	loans	loan	NOUN
fbem-18282	119	9	,	,	PUNCT
fbem-18282	119	10	the	the	PRON
fbem-18282	119	11	smaller	small	ADJ
fbem-18282	119	12	the	the	DET
fbem-18282	119	13	ratio	ratio	NOUN
fbem-18282	119	14	,	,	PUNCT
fbem-18282	119	15	indicating	indicate	VERB
fbem-18282	119	16	that	that	SCONJ
fbem-18282	119	17	a	a	DET
fbem-18282	119	18	bank	bank	NOUN
fbem-18282	119	19	's	's	PART
fbem-18282	119	20	deposit	deposit	NOUN
fbem-18282	119	21	volume	volume	NOUN
fbem-18282	119	22	is	be	AUX
fbem-18282	119	23	much	much	ADV
fbem-18282	119	24	smaller	small	ADJ
fbem-18282	119	25	than	than	ADP
fbem-18282	119	26	its	its	PRON
fbem-18282	119	27	loan	loan	NOUN
fbem-18282	119	28	volume	volume	NOUN
fbem-18282	119	29	,	,	PUNCT
fbem-18282	119	30	deposits	deposit	NOUN
fbem-18282	119	31	belong	belong	VERB
fbem-18282	119	32	to	to	ADP
fbem-18282	119	33	the	the	DET
fbem-18282	119	34	interest	interest	NOUN
fbem-18282	119	35	-	-	PUNCT
fbem-18282	119	36	paying	pay	VERB
fbem-18282	119	37	behaviour	behaviour	NOUN
fbem-18282	119	38	,	,	PUNCT
fbem-18282	119	39	loans	loan	NOUN
fbem-18282	119	40	belong	belong	VERB
fbem-18282	119	41	to	to	ADP
fbem-18282	119	42	the	the	DET
fbem-18282	119	43	interest	interest	NOUN
fbem-18282	119	44	-	-	PUNCT
fbem-18282	119	45	bearing	bear	VERB
fbem-18282	119	46	behaviour	behaviour	NOUN
fbem-18282	119	47	,	,	PUNCT
fbem-18282	119	48	which	which	PRON
fbem-18282	119	49	will	will	AUX
fbem-18282	119	50	enhance	enhance	VERB
fbem-18282	119	51	the	the	DET
fbem-18282	119	52	bank	bank	NOUN
fbem-18282	119	53	's	's	PART
fbem-18282	119	54	profitability	profitability	NOUN
fbem-18282	119	55	;	;	PUNCT
fbem-18282	119	56	cost	cost	NOUN
fbem-18282	119	57	-	-	PUNCT
fbem-18282	119	58	income	income	NOUN
fbem-18282	119	59	ratio	ratio	NOUN
fbem-18282	119	60	is	be	AUX
fbem-18282	119	61	inversely	inversely	ADV
fbem-18282	119	62	proportional	proportional	ADJ
fbem-18282	119	63	to	to	ADP
fbem-18282	119	64	the	the	DET
fbem-18282	119	65	profitability	profitability	NOUN
fbem-18282	119	66	of	of	ADP
fbem-18282	119	67	the	the	DET
fbem-18282	119	68	commercial	commercial	ADJ
fbem-18282	119	69	bank	bank	NOUN
fbem-18282	119	70	,	,	PUNCT
fbem-18282	119	71	but	but	CCONJ
fbem-18282	119	72	also	also	ADV
fbem-18282	119	73	to	to	ADP
fbem-18282	119	74	a	a	DET
fbem-18282	119	75	certain	certain	ADJ
fbem-18282	119	76	extent	extent	NOUN
fbem-18282	119	77	,	,	PUNCT
fbem-18282	119	78	reflecting	reflect	VERB
fbem-18282	119	79	that	that	SCONJ
fbem-18282	119	80	,	,	PUNCT
fbem-18282	119	81	the	the	PRON
fbem-18282	119	82	bigger	big	ADJ
fbem-18282	119	83	the	the	DET
fbem-18282	119	84	cost	cost	NOUN
fbem-18282	119	85	of	of	ADP
fbem-18282	119	86	a	a	DET
fbem-18282	119	87	bank	bank	NOUN
fbem-18282	119	88	,	,	PUNCT
fbem-18282	119	89	the	the	PRON
fbem-18282	119	90	bigger	big	ADJ
fbem-18282	119	91	the	the	DET
fbem-18282	119	92	consuming	consuming	NOUN
fbem-18282	119	93	expenses	expense	NOUN
fbem-18282	119	94	,	,	PUNCT
fbem-18282	119	95	the	the	PRON
fbem-18282	119	96	weaker	weak	ADJ
fbem-18282	119	97	its	its	PRON
fbem-18282	119	98	profitability	profitability	NOUN
fbem-18282	119	99	.	.	PUNCT
fbem-18282	120	1	macro	macro	ADJ
fbem-18282	120	2	indicators	indicator	NOUN
fbem-18282	120	3	gdp	gdp	NOUN
fbem-18282	120	4	growth	growth	NOUN
fbem-18282	120	5	rate	rate	NOUN
fbem-18282	120	6	and	and	CCONJ
fbem-18282	120	7	broad	broad	ADJ
fbem-18282	120	8	money	money	NOUN
fbem-18282	120	9	supply	supply	NOUN
fbem-18282	120	10	growth	growth	NOUN
fbem-18282	120	11	rate	rate	NOUN
fbem-18282	120	12	are	be	AUX
fbem-18282	120	13	both	both	PRON
fbem-18282	120	14	positively	positively	ADV
fbem-18282	120	15	related	relate	VERB
fbem-18282	120	16	to	to	ADP
fbem-18282	120	17	the	the	DET
fbem-18282	120	18	profitability	profitability	NOUN
fbem-18282	120	19	of	of	ADP
fbem-18282	120	20	commercial	commercial	ADJ
fbem-18282	120	21	banks	bank	NOUN
fbem-18282	120	22	,	,	PUNCT
fbem-18282	120	23	but	but	CCONJ
fbem-18282	120	24	the	the	DET
fbem-18282	120	25	regression	regression	NOUN
fbem-18282	120	26	coefficients	coefficient	NOUN
fbem-18282	120	27	are	be	AUX
fbem-18282	120	28	not	not	PART
fbem-18282	120	29	significant	significant	ADJ
fbem-18282	120	30	.	.	PUNCT
fbem-18282	121	1	it	it	PRON
fbem-18282	121	2	indicates	indicate	VERB
fbem-18282	121	3	that	that	SCONJ
fbem-18282	121	4	in	in	ADP
fbem-18282	121	5	a	a	DET
fbem-18282	121	6	good	good	ADJ
fbem-18282	121	7	macroeconomic	macroeconomic	ADJ
fbem-18282	121	8	situation	situation	NOUN
fbem-18282	121	9	,	,	PUNCT
fbem-18282	121	10	it	it	PRON
fbem-18282	121	11	will	will	AUX
fbem-18282	121	12	promote	promote	VERB
fbem-18282	121	13	the	the	DET
fbem-18282	121	14	profitability	profitability	NOUN
fbem-18282	121	15	of	of	ADP
fbem-18282	121	16	commercial	commercial	ADJ
fbem-18282	121	17	banks	bank	NOUN
fbem-18282	121	18	,	,	PUNCT
fbem-18282	121	19	but	but	CCONJ
fbem-18282	121	20	the	the	DET
fbem-18282	121	21	profitability	profitability	NOUN
fbem-18282	121	22	of	of	ADP
fbem-18282	121	23	commercial	commercial	ADJ
fbem-18282	121	24	banks	bank	NOUN
fbem-18282	121	25	themselves	themselves	PRON
fbem-18282	121	26	is	be	AUX
fbem-18282	121	27	still	still	ADV
fbem-18282	121	28	mainly	mainly	ADV
fbem-18282	121	29	dependent	dependent	ADJ
fbem-18282	121	30	on	on	ADP
fbem-18282	121	31	their	their	PRON
fbem-18282	121	32	own	own	ADJ
fbem-18282	121	33	business	business	NOUN
fbem-18282	121	34	.	.	PUNCT
fbem-18282	122	1	4	4	X
fbem-18282	122	2	.	.	X
fbem-18282	122	3	research	research	NOUN
fbem-18282	122	4	findings	finding	NOUN
fbem-18282	122	5	and	and	CCONJ
fbem-18282	122	6	policy	policy	NOUN
fbem-18282	122	7	recommendations	recommendation	NOUN
fbem-18282	122	8	4.1	4.1	NUM
fbem-18282	122	9	.	.	PUNCT
fbem-18282	123	1	research	research	NOUN
fbem-18282	123	2	findings	finding	VERB
fbem-18282	123	3	interest	interest	NOUN
fbem-18282	123	4	rate	rate	NOUN
fbem-18282	123	5	marketisation	marketisation	NOUN
fbem-18282	123	6	has	have	AUX
fbem-18282	123	7	significantly	significantly	ADV
fbem-18282	123	8	weakened	weaken	VERB
fbem-18282	123	9	bank	bank	NOUN
fbem-18282	123	10	profitability	profitability	NOUN
fbem-18282	123	11	,	,	PUNCT
fbem-18282	123	12	and	and	CCONJ
fbem-18282	123	13	state	state	NOUN
fbem-18282	123	14	-	-	PUNCT
fbem-18282	123	15	owned	own	VERB
fbem-18282	123	16	banks	bank	NOUN
fbem-18282	123	17	are	be	AUX
fbem-18282	123	18	less	less	ADV
fbem-18282	123	19	affected	affected	ADJ
fbem-18282	123	20	than	than	ADP
fbem-18282	123	21	joint	joint	ADJ
fbem-18282	123	22	-	-	PUNCT
fbem-18282	123	23	stock	stock	NOUN
fbem-18282	123	24	banks	bank	NOUN
fbem-18282	123	25	.	.	PUNCT
fbem-18282	124	1	bank	bank	NOUN
fbem-18282	124	2	size	size	NOUN
fbem-18282	124	3	indicators	indicator	NOUN
fbem-18282	124	4	show	show	VERB
fbem-18282	124	5	a	a	DET
fbem-18282	124	6	negative	negative	ADJ
fbem-18282	124	7	relationship	relationship	NOUN
fbem-18282	124	8	on	on	ADP
fbem-18282	124	9	bank	bank	NOUN
fbem-18282	124	10	profitability	profitability	NOUN
fbem-18282	124	11	in	in	ADP
fbem-18282	124	12	multiple	multiple	ADJ
fbem-18282	124	13	regressions	regression	NOUN
fbem-18282	124	14	,	,	PUNCT
fbem-18282	124	15	which	which	PRON
fbem-18282	124	16	indicates	indicate	VERB
fbem-18282	124	17	that	that	SCONJ
fbem-18282	124	18	a	a	DET
fbem-18282	124	19	bigger	big	ADJ
fbem-18282	124	20	asset	asset	NOUN
fbem-18282	124	21	does	do	AUX
fbem-18282	124	22	not	not	PART
fbem-18282	124	23	improve	improve	VERB
fbem-18282	124	24	its	its	PRON
fbem-18282	124	25	profitability	profitability	NOUN
fbem-18282	124	26	.	.	PUNCT
fbem-18282	125	1	combining	combine	VERB
fbem-18282	125	2	chart	chart	NOUN
fbem-18282	125	3	analysis	analysis	NOUN
fbem-18282	125	4	,	,	PUNCT
fbem-18282	125	5	empirical	empirical	ADJ
fbem-18282	125	6	analysis	analysis	NOUN
fbem-18282	125	7	and	and	CCONJ
fbem-18282	125	8	case	case	NOUN
fbem-18282	125	9	study	study	NOUN
fbem-18282	125	10	analysis	analysis	NOUN
fbem-18282	125	11	,	,	PUNCT
fbem-18282	125	12	it	it	PRON
fbem-18282	125	13	can	can	AUX
fbem-18282	125	14	be	be	AUX
fbem-18282	125	15	concluded	conclude	VERB
fbem-18282	125	16	that	that	SCONJ
fbem-18282	125	17	under	under	ADP
fbem-18282	125	18	the	the	DET
fbem-18282	125	19	background	background	NOUN
fbem-18282	125	20	of	of	ADP
fbem-18282	125	21	interest	interest	NOUN
fbem-18282	125	22	rate	rate	NOUN
fbem-18282	125	23	market	market	NOUN
fbem-18282	125	24	reform	reform	NOUN
fbem-18282	125	25	,	,	PUNCT
fbem-18282	125	26	all	all	DET
fbem-18282	125	27	profitability	profitability	NOUN
fbem-18282	125	28	indicators	indicator	NOUN
fbem-18282	125	29	of	of	ADP
fbem-18282	125	30	banks	bank	NOUN
fbem-18282	125	31	have	have	AUX
fbem-18282	125	32	declined	decline	VERB
fbem-18282	125	33	to	to	ADP
fbem-18282	125	34	varying	vary	VERB
fbem-18282	125	35	degrees	degree	NOUN
fbem-18282	125	36	,	,	PUNCT
fbem-18282	125	37	bank	bank	NOUN
fbem-18282	125	38	profitability	profitability	NOUN
fbem-18282	125	39	has	have	AUX
fbem-18282	125	40	been	be	AUX
fbem-18282	125	41	significantly	significantly	ADV
fbem-18282	125	42	impacted	impact	VERB
fbem-18282	125	43	,	,	PUNCT
fbem-18282	125	44	and	and	CCONJ
fbem-18282	125	45	the	the	DET
fbem-18282	125	46	effect	effect	NOUN
fbem-18282	125	47	of	of	ADP
fbem-18282	125	48	business	business	NOUN
fbem-18282	125	49	transformation	transformation	NOUN
fbem-18282	125	50	and	and	CCONJ
fbem-18282	125	51	upgrading	upgrading	NOUN
fbem-18282	125	52	brought	bring	VERB
fbem-18282	125	53	about	about	ADP
fbem-18282	125	54	by	by	ADP
fbem-18282	125	55	the	the	DET
fbem-18282	125	56	interest	interest	NOUN
fbem-18282	125	57	rate	rate	NOUN
fbem-18282	125	58	market	market	NOUN
fbem-18282	125	59	has	have	AUX
fbem-18282	125	60	not	not	PART
fbem-18282	125	61	yet	yet	ADV
fbem-18282	125	62	appeared	appear	VERB
fbem-18282	125	63	.	.	PUNCT
fbem-18282	126	1	interest	interest	NOUN
fbem-18282	126	2	income	income	NOUN
fbem-18282	126	3	is	be	AUX
fbem-18282	126	4	still	still	ADV
fbem-18282	126	5	the	the	DET
fbem-18282	126	6	main	main	ADJ
fbem-18282	126	7	source	source	NOUN
fbem-18282	126	8	of	of	ADP
fbem-18282	126	9	profitability	profitability	NOUN
fbem-18282	126	10	for	for	ADP
fbem-18282	126	11	commercial	commercial	ADJ
fbem-18282	126	12	banks	bank	NOUN
fbem-18282	126	13	,	,	PUNCT
fbem-18282	126	14	and	and	CCONJ
fbem-18282	126	15	there	there	PRON
fbem-18282	126	16	is	be	VERB
fbem-18282	126	17	no	no	DET
fbem-18282	126	18	significant	significant	ADJ
fbem-18282	126	19	correlation	correlation	NOUN
fbem-18282	126	20	between	between	ADP
fbem-18282	126	21	the	the	DET
fbem-18282	126	22	proportion	proportion	NOUN
fbem-18282	126	23	of	of	ADP
fbem-18282	126	24	non	non	ADJ
fbem-18282	126	25	-	-	ADJ
fbem-18282	126	26	interest	interest	ADJ
fbem-18282	126	27	income	income	NOUN
fbem-18282	126	28	and	and	CCONJ
fbem-18282	126	29	the	the	DET
fbem-18282	126	30	profitability	profitability	NOUN
fbem-18282	126	31	improvement	improvement	NOUN
fbem-18282	126	32	of	of	ADP
fbem-18282	126	33	commercial	commercial	ADJ
fbem-18282	126	34	banks	bank	NOUN
fbem-18282	126	35	.	.	PUNCT
fbem-18282	127	1	although	although	SCONJ
fbem-18282	127	2	from	from	ADP
fbem-18282	127	3	the	the	DET
fbem-18282	127	4	data	data	NOUN
fbem-18282	127	5	point	point	NOUN
fbem-18282	127	6	of	of	ADP
fbem-18282	127	7	view	view	NOUN
fbem-18282	127	8	,	,	PUNCT
fbem-18282	127	9	china	china	PROPN
fbem-18282	127	10	's	's	PART
fbem-18282	127	11	banking	banking	NOUN
fbem-18282	127	12	industry	industry	NOUN
fbem-18282	127	13	's	's	PART
fbem-18282	127	14	noninterest	noninter	ADJ
fbem-18282	127	15	business	business	NOUN
fbem-18282	127	16	development	development	NOUN
fbem-18282	127	17	is	be	AUX
fbem-18282	127	18	rapid	rapid	ADJ
fbem-18282	127	19	,	,	PUNCT
fbem-18282	127	20	non	non	ADJ
fbem-18282	127	21	-	-	ADJ
fbem-18282	127	22	interest	interest	ADJ
fbem-18282	127	23	income	income	NOUN
fbem-18282	127	24	ratio	ratio	NOUN
fbem-18282	127	25	is	be	AUX
fbem-18282	127	26	in	in	ADP
fbem-18282	127	27	a	a	DET
fbem-18282	127	28	state	state	NOUN
fbem-18282	127	29	of	of	ADP
fbem-18282	127	30	increase	increase	NOUN
fbem-18282	127	31	,	,	PUNCT
fbem-18282	127	32	but	but	CCONJ
fbem-18282	127	33	empirical	empirical	ADJ
fbem-18282	127	34	research	research	NOUN
fbem-18282	127	35	did	do	AUX
fbem-18282	127	36	not	not	PART
fbem-18282	127	37	find	find	VERB
fbem-18282	127	38	that	that	SCONJ
fbem-18282	127	39	the	the	DET
fbem-18282	127	40	development	development	NOUN
fbem-18282	127	41	of	of	ADP
fbem-18282	127	42	non	non	ADJ
fbem-18282	127	43	-	-	ADJ
fbem-18282	127	44	interest	interest	ADJ
fbem-18282	127	45	business	business	NOUN
fbem-18282	127	46	on	on	ADP
fbem-18282	127	47	the	the	DET
fbem-18282	127	48	commercial	commercial	ADJ
fbem-18282	127	49	bank	bank	NOUN
fbem-18282	127	50	profitability	profitability	NOUN
fbem-18282	127	51	has	have	VERB
fbem-18282	127	52	an	an	DET
fbem-18282	127	53	upgrading	upgrading	NOUN
fbem-18282	127	54	effect	effect	NOUN
fbem-18282	127	55	,	,	PUNCT
fbem-18282	127	56	so	so	SCONJ
fbem-18282	127	57	it	it	PRON
fbem-18282	127	58	can	can	AUX
fbem-18282	127	59	be	be	AUX
fbem-18282	127	60	seen	see	VERB
fbem-18282	127	61	that	that	SCONJ
fbem-18282	127	62	the	the	DET
fbem-18282	127	63	traditional	traditional	ADJ
fbem-18282	127	64	credit	credit	NOUN
fbem-18282	127	65	business	business	NOUN
fbem-18282	127	66	is	be	AUX
fbem-18282	127	67	still	still	ADV
fbem-18282	127	68	the	the	DET
fbem-18282	127	69	main	main	ADJ
fbem-18282	127	70	source	source	NOUN
fbem-18282	127	71	of	of	ADP
fbem-18282	127	72	profitability	profitability	NOUN
fbem-18282	127	73	of	of	ADP
fbem-18282	127	74	commercial	commercial	ADJ
fbem-18282	127	75	banks	bank	NOUN
fbem-18282	127	76	,	,	PUNCT
fbem-18282	127	77	the	the	DET
fbem-18282	127	78	non	non	ADJ
fbem-18282	127	79	-	-	ADJ
fbem-18282	127	80	interest	interest	ADJ
fbem-18282	127	81	business	business	NOUN
fbem-18282	127	82	needs	need	VERB
fbem-18282	127	83	to	to	PART
fbem-18282	127	84	be	be	AUX
fbem-18282	127	85	further	far	ADV
fbem-18282	127	86	developed	develop	VERB
fbem-18282	127	87	.	.	PUNCT
fbem-18282	128	1	at	at	ADP
fbem-18282	128	2	the	the	DET
fbem-18282	128	3	same	same	ADJ
fbem-18282	128	4	time	time	NOUN
fbem-18282	128	5	,	,	PUNCT
fbem-18282	128	6	the	the	DET
fbem-18282	128	7	reduction	reduction	NOUN
fbem-18282	128	8	of	of	ADP
fbem-18282	128	9	cost	cost	NOUN
fbem-18282	128	10	-	-	PUNCT
fbem-18282	128	11	income	income	NOUN
fbem-18282	128	12	ratio	ratio	NOUN
fbem-18282	128	13	can	can	AUX
fbem-18282	128	14	significantly	significantly	ADV
fbem-18282	128	15	and	and	CCONJ
fbem-18282	128	16	positively	positively	ADV
fbem-18282	128	17	affect	affect	VERB
fbem-18282	128	18	the	the	DET
fbem-18282	128	19	bank	bank	NOUN
fbem-18282	128	20	's	's	PART
fbem-18282	128	21	profitability	profitability	NOUN
fbem-18282	128	22	,	,	PUNCT
fbem-18282	128	23	indicating	indicate	VERB
fbem-18282	128	24	that	that	SCONJ
fbem-18282	128	25	the	the	DET
fbem-18282	128	26	reduction	reduction	NOUN
fbem-18282	128	27	of	of	ADP
fbem-18282	128	28	operating	operating	NOUN
fbem-18282	128	29	costs	cost	NOUN
fbem-18282	128	30	can	can	AUX
fbem-18282	128	31	improve	improve	VERB
fbem-18282	128	32	operational	operational	ADJ
fbem-18282	128	33	efficiency	efficiency	NOUN
fbem-18282	128	34	,	,	PUNCT
fbem-18282	128	35	interest	interest	NOUN
fbem-18282	128	36	rate	rate	NOUN
fbem-18282	128	37	marketisation	marketisation	NOUN
fbem-18282	128	38	to	to	ADP
fbem-18282	128	39	a	a	DET
fbem-18282	128	40	certain	certain	ADJ
fbem-18282	128	41	extent	extent	NOUN
fbem-18282	128	42	promotes	promote	VERB
fbem-18282	128	43	the	the	DET
fbem-18282	128	44	bank	bank	NOUN
fbem-18282	128	45	's	's	PART
fbem-18282	128	46	operational	operational	ADJ
fbem-18282	128	47	efficiency	efficiency	NOUN
fbem-18282	128	48	,	,	PUNCT
fbem-18282	128	49	the	the	DET
fbem-18282	128	50	bank	bank	NOUN
fbem-18282	128	51	in	in	ADP
fbem-18282	128	52	the	the	DET
fbem-18282	128	53	future	future	ADJ
fbem-18282	128	54	development	development	NOUN
fbem-18282	128	55	should	should	AUX
fbem-18282	128	56	strive	strive	VERB
fbem-18282	128	57	to	to	PART
fbem-18282	128	58	reduce	reduce	VERB
fbem-18282	128	59	costs	cost	NOUN
fbem-18282	128	60	and	and	CCONJ
fbem-18282	128	61	improve	improve	VERB
fbem-18282	128	62	efficiency	efficiency	NOUN
fbem-18282	128	63	.	.	PUNCT
fbem-18282	129	1	capital	capital	NOUN
fbem-18282	129	2	level	level	NOUN
fbem-18282	129	3	has	have	VERB
fbem-18282	129	4	a	a	DET
fbem-18282	129	5	significant	significant	ADJ
fbem-18282	129	6	impact	impact	NOUN
fbem-18282	129	7	on	on	ADP
fbem-18282	129	8	bank	bank	NOUN
fbem-18282	129	9	profitability	profitability	NOUN
fbem-18282	129	10	.	.	PUNCT
fbem-18282	130	1	the	the	PRON
fbem-18282	130	2	higher	high	ADJ
fbem-18282	130	3	the	the	DET
fbem-18282	130	4	capital	capital	NOUN
fbem-18282	130	5	adequacy	adequacy	NOUN
fbem-18282	130	6	ratio	ratio	VERB
fbem-18282	130	7	the	the	PRON
fbem-18282	130	8	lower	low	ADJ
fbem-18282	130	9	the	the	DET
fbem-18282	130	10	bank	bank	NOUN
fbem-18282	130	11	's	's	PART
fbem-18282	130	12	return	return	NOUN
fbem-18282	130	13	on	on	ADP
fbem-18282	130	14	assets	asset	NOUN
fbem-18282	130	15	,	,	PUNCT
fbem-18282	130	16	but	but	CCONJ
fbem-18282	130	17	the	the	DET
fbem-18282	130	18	coefficient	coefficient	NOUN
fbem-18282	130	19	is	be	AUX
fbem-18282	130	20	relatively	relatively	ADV
fbem-18282	130	21	small	small	ADJ
fbem-18282	130	22	,	,	PUNCT
fbem-18282	130	23	indicating	indicate	VERB
fbem-18282	130	24	that	that	SCONJ
fbem-18282	130	25	the	the	DET
fbem-18282	130	26	bank	bank	NOUN
fbem-18282	130	27	's	's	PART
fbem-18282	130	28	risk	risk	NOUN
fbem-18282	130	29	resilience	resilience	NOUN
fbem-18282	130	30	and	and	CCONJ
fbem-18282	130	31	profitability	profitability	NOUN
fbem-18282	130	32	are	be	AUX
fbem-18282	130	33	in	in	ADP
fbem-18282	130	34	a	a	DET
fbem-18282	130	35	state	state	NOUN
fbem-18282	130	36	of	of	ADP
fbem-18282	130	37	both	both	DET
fbem-18282	130	38	sides	side	NOUN
fbem-18282	130	39	of	of	ADP
fbem-18282	130	40	the	the	DET
fbem-18282	130	41	coin	coin	NOUN
fbem-18282	130	42	,	,	PUNCT
fbem-18282	130	43	the	the	DET
fbem-18282	130	44	reason	reason	NOUN
fbem-18282	130	45	is	be	AUX
fbem-18282	130	46	that	that	SCONJ
fbem-18282	130	47	the	the	DET
fbem-18282	130	48	traditional	traditional	ADJ
fbem-18282	130	49	interest	interest	NOUN
fbem-18282	130	50	business	business	NOUN
fbem-18282	130	51	is	be	AUX
fbem-18282	130	52	still	still	ADV
fbem-18282	130	53	the	the	DET
fbem-18282	130	54	main	main	ADJ
fbem-18282	130	55	mode	mode	NOUN
fbem-18282	130	56	of	of	ADP
fbem-18282	130	57	profitability	profitability	NOUN
fbem-18282	130	58	,	,	PUNCT
fbem-18282	130	59	the	the	DET
fbem-18282	130	60	bank	bank	NOUN
fbem-18282	130	61	's	's	PART
fbem-18282	130	62	risky	risky	ADJ
fbem-18282	130	63	assets	asset	NOUN
fbem-18282	130	64	continue	continue	VERB
fbem-18282	130	65	to	to	PART
fbem-18282	130	66	increase	increase	VERB
fbem-18282	130	67	,	,	PUNCT
fbem-18282	130	68	and	and	CCONJ
fbem-18282	130	69	at	at	ADP
fbem-18282	130	70	the	the	DET
fbem-18282	130	71	same	same	ADJ
fbem-18282	130	72	time	time	NOUN
fbem-18282	130	73	the	the	DET
fbem-18282	130	74	need	need	NOUN
fbem-18282	130	75	to	to	PART
fbem-18282	130	76	meet	meet	VERB
fbem-18282	130	77	the	the	DET
fbem-18282	130	78	capital	capital	NOUN
fbem-18282	130	79	adequacy	adequacy	NOUN
fbem-18282	130	80	ratio	ratio	NOUN
fbem-18282	130	81	in	in	ADP
fbem-18282	130	82	line	line	NOUN
fbem-18282	130	83	with	with	ADP
fbem-18282	130	84	the	the	DET
fbem-18282	130	85	regulatory	regulatory	ADJ
fbem-18282	130	86	level	level	NOUN
fbem-18282	130	87	must	must	AUX
fbem-18282	130	88	be	be	AUX
fbem-18282	130	89	increased	increase	VERB
fbem-18282	130	90	capital	capital	NOUN
fbem-18282	130	91	stock	stock	NOUN
fbem-18282	130	92	,	,	PUNCT
fbem-18282	130	93	cutting	cut	VERB
fbem-18282	130	94	the	the	DET
fbem-18282	130	95	profitability	profitability	NOUN
fbem-18282	130	96	.	.	PUNCT
fbem-18282	131	1	commercial	commercial	ADJ
fbem-18282	131	2	banks	bank	NOUN
fbem-18282	131	3	should	should	AUX
fbem-18282	131	4	therefore	therefore	ADV
fbem-18282	131	5	flexibly	flexibly	ADV
fbem-18282	131	6	adjust	adjust	VERB
fbem-18282	131	7	their	their	PRON
fbem-18282	131	8	risk	risk	NOUN
fbem-18282	131	9	-	-	PUNCT
fbem-18282	131	10	resistant	resistant	ADJ
fbem-18282	131	11	strategies	strategy	NOUN
fbem-18282	131	12	and	and	CCONJ
fbem-18282	131	13	actively	actively	ADV
fbem-18282	131	14	expand	expand	VERB
fbem-18282	131	15	capital	capital	NOUN
fbem-18282	131	16	at	at	ADP
fbem-18282	131	17	all	all	DET
fbem-18282	131	18	levels	level	NOUN
fbem-18282	131	19	.	.	PUNCT
fbem-18282	132	1	4.2	4.2	NUM
fbem-18282	132	2	.	.	PUNCT
fbem-18282	133	1	policy	policy	NOUN
fbem-18282	133	2	recommendations	recommendation	NOUN
fbem-18282	133	3	first	first	ADV
fbem-18282	133	4	,	,	PUNCT
fbem-18282	133	5	diversification	diversification	NOUN
fbem-18282	133	6	.	.	PUNCT
fbem-18282	134	1	on	on	ADP
fbem-18282	134	2	the	the	DET
fbem-18282	134	3	one	one	NUM
fbem-18282	134	4	hand	hand	NOUN
fbem-18282	134	5	,	,	PUNCT
fbem-18282	134	6	during	during	ADP
fbem-18282	134	7	the	the	DET
fbem-18282	134	8	period	period	NOUN
fbem-18282	134	9	of	of	ADP
fbem-18282	134	10	interest	interest	NOUN
fbem-18282	134	11	rate	rate	NOUN
fbem-18282	134	12	control	control	NOUN
fbem-18282	134	13	,	,	PUNCT
fbem-18282	134	14	commercial	commercial	ADJ
fbem-18282	134	15	banks	bank	NOUN
fbem-18282	134	16	have	have	VERB
fbem-18282	134	17	single	single	ADJ
fbem-18282	134	18	and	and	CCONJ
fbem-18282	134	19	similar	similar	ADJ
fbem-18282	134	20	products	product	NOUN
fbem-18282	134	21	.	.	PUNCT
fbem-18282	135	1	after	after	ADP
fbem-18282	135	2	the	the	DET
fbem-18282	135	3	market	market	NOUN
fbem-18282	135	4	interest	interest	NOUN
fbem-18282	135	5	rate	rate	NOUN
fbem-18282	135	6	,	,	PUNCT
fbem-18282	135	7	commercial	commercial	ADJ
fbem-18282	135	8	banks	bank	NOUN
fbem-18282	135	9	have	have	VERB
fbem-18282	135	10	the	the	DET
fbem-18282	135	11	pricing	pricing	NOUN
fbem-18282	135	12	right	right	NOUN
fbem-18282	135	13	of	of	ADP
fbem-18282	135	14	products	product	NOUN
fbem-18282	135	15	and	and	CCONJ
fbem-18282	135	16	services	service	NOUN
fbem-18282	135	17	,	,	PUNCT
fbem-18282	135	18	and	and	CCONJ
fbem-18282	135	19	become	become	VERB
fbem-18282	135	20	the	the	DET
fbem-18282	135	21	main	main	ADJ
fbem-18282	135	22	body	body	NOUN
fbem-18282	135	23	of	of	ADP
fbem-18282	135	24	amount	amount	NOUN
fbem-18282	135	25	innovation	innovation	NOUN
fbem-18282	135	26	,	,	PUNCT
fbem-18282	135	27	which	which	PRON
fbem-18282	135	28	can	can	AUX
fbem-18282	135	29	carry	carry	VERB
fbem-18282	135	30	out	out	ADP
fbem-18282	135	31	a	a	DET
fbem-18282	135	32	large	large	ADJ
fbem-18282	135	33	number	number	NOUN
fbem-18282	135	34	of	of	ADP
fbem-18282	135	35	product	product	NOUN
fbem-18282	135	36	and	and	CCONJ
fbem-18282	135	37	service	service	NOUN
fbem-18282	135	38	innovation	innovation	NOUN
fbem-18282	135	39	,	,	PUNCT
fbem-18282	135	40	increase	increase	VERB
fbem-18282	135	41	profit	profit	NOUN
fbem-18282	135	42	channels	channel	NOUN
fbem-18282	135	43	and	and	CCONJ
fbem-18282	135	44	promote	promote	VERB
fbem-18282	135	45	diversified	diversified	ADJ
fbem-18282	135	46	operation	operation	NOUN
fbem-18282	135	47	;	;	PUNCT
fbem-18282	135	48	on	on	ADP
fbem-18282	135	49	the	the	DET
fbem-18282	135	50	other	other	ADJ
fbem-18282	135	51	hand	hand	NOUN
fbem-18282	135	52	,	,	PUNCT
fbem-18282	135	53	before	before	ADP
fbem-18282	135	54	the	the	DET
fbem-18282	135	55	interest	interest	NOUN
fbem-18282	135	56	rate	rate	NOUN
fbem-18282	135	57	market	market	NOUN
fbem-18282	135	58	reform	reform	NOUN
fbem-18282	135	59	,	,	PUNCT
fbem-18282	135	60	commercial	commercial	ADJ
fbem-18282	135	61	banks	bank	NOUN
fbem-18282	135	62	'	'	PART
fbem-18282	135	63	main	main	ADJ
fbem-18282	135	64	source	source	NOUN
fbem-18282	135	65	of	of	ADP
fbem-18282	135	66	profit	profit	NOUN
fbem-18282	135	67	is	be	AUX
fbem-18282	135	68	the	the	DET
fbem-18282	135	69	net	net	ADJ
fbem-18282	135	70	profit	profit	NOUN
fbem-18282	135	71	margin	margin	NOUN
fbem-18282	135	72	,	,	PUNCT
fbem-18282	135	73	and	and	CCONJ
fbem-18282	135	74	the	the	DET
fbem-18282	135	75	process	process	NOUN
fbem-18282	135	76	of	of	ADP
fbem-18282	135	77	interest	interest	NOUN
fbem-18282	135	78	rate	rate	NOUN
fbem-18282	135	79	market	market	NOUN
fbem-18282	135	80	reform	reform	NOUN
fbem-18282	135	81	is	be	AUX
fbem-18282	135	82	advancing	advance	VERB
fbem-18282	135	83	,	,	PUNCT
fbem-18282	135	84	the	the	DET
fbem-18282	135	85	net	net	ADJ
fbem-18282	135	86	profit	profit	NOUN
fbem-18282	135	87	margin	margin	NOUN
fbem-18282	135	88	is	be	AUX
fbem-18282	135	89	narrowing	narrow	VERB
fbem-18282	135	90	,	,	PUNCT
fbem-18282	135	91	and	and	CCONJ
fbem-18282	135	92	its	its	PRON
fbem-18282	135	93	profitability	profitability	NOUN
fbem-18282	135	94	is	be	AUX
fbem-18282	135	95	affected	affect	VERB
fbem-18282	135	96	by	by	ADP
fbem-18282	135	97	the	the	DET
fbem-18282	135	98	impact	impact	NOUN
fbem-18282	135	99	,	,	PUNCT
fbem-18282	135	100	and	and	CCONJ
fbem-18282	135	101	the	the	DET
fbem-18282	135	102	downward	downward	ADJ
fbem-18282	135	103	pressure	pressure	NOUN
fbem-18282	135	104	forces	force	VERB
fbem-18282	135	105	it	it	PRON
fbem-18282	135	106	to	to	PART
fbem-18282	135	107	increase	increase	VERB
fbem-18282	135	108	investment	investment	NOUN
fbem-18282	135	109	in	in	ADP
fbem-18282	135	110	intermediary	intermediary	ADJ
fbem-18282	135	111	business	business	NOUN
fbem-18282	135	112	and	and	CCONJ
fbem-18282	135	113	vigorously	vigorously	ADV
fbem-18282	135	114	develop	develop	VERB
fbem-18282	135	115	diversification	diversification	NOUN
fbem-18282	135	116	strategy	strategy	NOUN
fbem-18282	135	117	to	to	PART
fbem-18282	135	118	improve	improve	VERB
fbem-18282	135	119	its	its	PRON
fbem-18282	135	120	long	long	ADJ
fbem-18282	135	121	-	-	PUNCT
fbem-18282	135	122	term	term	NOUN
fbem-18282	135	123	profitability	profitability	NOUN
fbem-18282	135	124	.	.	PUNCT
fbem-18282	136	1	second	second	ADJ
fbem-18282	136	2	,	,	PUNCT
fbem-18282	136	3	optimise	optimise	VERB
fbem-18282	136	4	the	the	DET
fbem-18282	136	5	customer	customer	NOUN
fbem-18282	136	6	structure	structure	NOUN
fbem-18282	136	7	.	.	PUNCT
fbem-18282	137	1	interest	interest	NOUN
fbem-18282	137	2	rate	rate	NOUN
fbem-18282	137	3	marketisation	marketisation	NOUN
fbem-18282	138	1	,	,	PUNCT
fbem-18282	138	2	commercial	commercial	ADJ
fbem-18282	138	3	banks	bank	NOUN
fbem-18282	138	4	have	have	AUX
fbem-18282	138	5	lost	lose	VERB
fbem-18282	138	6	the	the	DET
fbem-18282	138	7	protection	protection	NOUN
fbem-18282	138	8	of	of	ADP
fbem-18282	138	9	the	the	DET
fbem-18282	138	10	central	central	ADJ
fbem-18282	138	11	bank	bank	NOUN
fbem-18282	138	12	,	,	PUNCT
fbem-18282	138	13	so	so	SCONJ
fbem-18282	138	14	they	they	PRON
fbem-18282	138	15	can	can	AUX
fbem-18282	138	16	only	only	ADV
fbem-18282	138	17	consider	consider	VERB
fbem-18282	138	18	the	the	DET
fbem-18282	138	19	size	size	NOUN
fbem-18282	138	20	of	of	ADP
fbem-18282	138	21	credit	credit	NOUN
fbem-18282	138	22	,	,	PUNCT
fbem-18282	138	23	due	due	ADP
fbem-18282	138	24	to	to	ADP
fbem-18282	138	25	the	the	DET
fbem-18282	138	26	saturation	saturation	NOUN
fbem-18282	138	27	of	of	ADP
fbem-18282	138	28	large	large	ADJ
fbem-18282	138	29	and	and	CCONJ
fbem-18282	138	30	medium	medium	ADJ
fbem-18282	138	31	-	-	PUNCT
fbem-18282	138	32	sized	sized	ADJ
fbem-18282	138	33	enterprise	enterprise	NOUN
fbem-18282	138	34	credit	credit	NOUN
fbem-18282	138	35	market	market	NOUN
fbem-18282	138	36	,	,	PUNCT
fbem-18282	138	37	will	will	AUX
fbem-18282	138	38	increase	increase	VERB
fbem-18282	138	39	the	the	DET
fbem-18282	138	40	small	small	ADJ
fbem-18282	138	41	and	and	CCONJ
fbem-18282	138	42	micro	micro	NOUN
fbem-18282	138	43	-	-	NOUN
fbem-18282	138	44	enterprise	enterprise	NOUN
fbem-18282	138	45	credit	credit	NOUN
fbem-18282	138	46	market	market	NOUN
fbem-18282	138	47	.	.	PUNCT
fbem-18282	139	1	but	but	CCONJ
fbem-18282	139	2	commercial	commercial	ADJ
fbem-18282	139	3	banks	bank	NOUN
fbem-18282	139	4	will	will	AUX
fbem-18282	139	5	not	not	PART
fbem-18282	139	6	be	be	AUX
fbem-18282	139	7	unrestrained	unrestrained	ADJ
fbem-18282	139	8	to	to	PART
fbem-18282	139	9	increase	increase	VERB
fbem-18282	139	10	the	the	DET
fbem-18282	139	11	size	size	NOUN
fbem-18282	139	12	of	of	ADP
fbem-18282	139	13	the	the	DET
fbem-18282	139	14	loan	loan	NOUN
fbem-18282	139	15	,	,	PUNCT
fbem-18282	139	16	will	will	AUX
fbem-18282	139	17	go	go	VERB
fbem-18282	139	18	into	into	ADP
fbem-18282	139	19	the	the	DET
fbem-18282	139	20	country	country	NOUN
fbem-18282	139	21	's	's	PART
fbem-18282	139	22	strong	strong	ADJ
fbem-18282	139	23	support	support	NOUN
fbem-18282	139	24	of	of	ADP
fbem-18282	139	25	the	the	DET
fbem-18282	139	26	sunrise	sunrise	NOUN
fbem-18282	139	27	industry	industry	NOUN
fbem-18282	139	28	,	,	PUNCT
fbem-18282	139	29	such	such	ADJ
fbem-18282	139	30	as	as	ADP
fbem-18282	139	31	services	service	NOUN
fbem-18282	139	32	and	and	CCONJ
fbem-18282	139	33	high	high	ADJ
fbem-18282	139	34	-	-	PUNCT
fbem-18282	139	35	tech	tech	NOUN
fbem-18282	139	36	industries	industry	NOUN
fbem-18282	139	37	,	,	PUNCT
fbem-18282	139	38	will	will	AUX
fbem-18282	139	39	gradually	gradually	ADV
fbem-18282	139	40	discard	discard	VERB
fbem-18282	139	41	some	some	PRON
fbem-18282	139	42	of	of	ADP
fbem-18282	139	43	the	the	DET
fbem-18282	139	44	traditional	traditional	ADJ
fbem-18282	139	45	high	high	ADJ
fbem-18282	139	46	energy	energy	NOUN
fbem-18282	139	47	consumption	consumption	NOUN
fbem-18282	139	48	,	,	PUNCT
fbem-18282	139	49	low	low	ADJ
fbem-18282	139	50	efficiency	efficiency	NOUN
fbem-18282	139	51	,	,	PUNCT
fbem-18282	139	52	excess	excess	ADJ
fbem-18282	139	53	capacity	capacity	NOUN
fbem-18282	139	54	of	of	ADP
fbem-18282	139	55	enterprise	enterprise	NOUN
fbem-18282	139	56	customer	customer	NOUN
fbem-18282	139	57	groups	group	NOUN
fbem-18282	139	58	.	.	PUNCT
fbem-18282	140	1	third	third	ADJ
fbem-18282	140	2	,	,	PUNCT
fbem-18282	140	3	financial	financial	ADJ
fbem-18282	140	4	innovation	innovation	NOUN
fbem-18282	140	5	.	.	PUNCT
fbem-18282	141	1	commercial	commercial	ADJ
fbem-18282	141	2	banks	bank	NOUN
fbem-18282	141	3	in	in	ADP
fbem-18282	141	4	the	the	DET
fbem-18282	141	5	face	face	NOUN
fbem-18282	141	6	of	of	ADP
fbem-18282	141	7	the	the	DET
fbem-18282	141	8	dual	dual	ADJ
fbem-18282	141	9	pressure	pressure	NOUN
fbem-18282	141	10	of	of	ADP
fbem-18282	141	11	profitability	profitability	NOUN
fbem-18282	141	12	and	and	CCONJ
fbem-18282	141	13	competition	competition	NOUN
fbem-18282	141	14	,	,	PUNCT
fbem-18282	141	15	financial	financial	ADJ
fbem-18282	141	16	innovation	innovation	NOUN
fbem-18282	141	17	is	be	AUX
fbem-18282	141	18	imminent	imminent	ADJ
fbem-18282	141	19	,	,	PUNCT
fbem-18282	141	20	in	in	ADP
fbem-18282	141	21	order	order	NOUN
fbem-18282	141	22	to	to	PART
fbem-18282	141	23	be	be	AUX
fbem-18282	141	24	more	more	ADV
fbem-18282	141	25	competitive	competitive	ADJ
fbem-18282	141	26	,	,	PUNCT
fbem-18282	141	27	attract	attract	VERB
fbem-18282	141	28	customers	customer	NOUN
fbem-18282	141	29	,	,	PUNCT
fbem-18282	141	30	improve	improve	VERB
fbem-18282	141	31	profitability	profitability	NOUN
fbem-18282	141	32	and	and	CCONJ
fbem-18282	141	33	successfully	successfully	ADV
fbem-18282	141	34	complete	complete	VERB
fbem-18282	141	35	the	the	DET
fbem-18282	141	36	transition	transition	NOUN
fbem-18282	141	37	.	.	PUNCT
fbem-18282	142	1	references	reference	NOUN
fbem-18282	142	2	[	[	X
fbem-18282	142	3	1	1	NUM
fbem-18282	142	4	]	]	X
fbem-18282	142	5	liu	liu	PROPN
fbem-18282	142	6	fang	fang	PROPN
fbem-18282	142	7	,	,	PUNCT
fbem-18282	142	8	institutional	institutional	ADJ
fbem-18282	142	9	analysis	analysis	NOUN
fbem-18282	142	10	of	of	ADP
fbem-18282	142	11	interest	interest	NOUN
fbem-18282	142	12	rate	rate	NOUN
fbem-18282	142	13	marketisation	marketisation	NOUN
fbem-18282	142	14	reform	reform	NOUN
fbem-18282	142	15	and	and	CCONJ
fbem-18282	142	16	international	international	ADJ
fbem-18282	142	17	experience	experience	NOUN
fbem-18282	143	1	[	[	X
fbem-18282	143	2	j	j	X
fbem-18282	143	3	]	]	X
fbem-18282	143	4	.	.	PUNCT
fbem-18282	144	1	journal	journal	PROPN
fbem-18282	144	2	of	of	ADP
fbem-18282	144	3	central	central	PROPN
fbem-18282	144	4	university	university	PROPN
fbem-18282	144	5	of	of	ADP
fbem-18282	144	6	finance	finance	NOUN
fbem-18282	144	7	and	and	CCONJ
fbem-18282	144	8	economics	economic	NOUN
fbem-18282	144	9	,	,	PUNCT
fbem-18282	144	10	2002	2002	NUM
fbem-18282	144	11	(	(	PUNCT
fbem-18282	144	12	6	6	NUM
fbem-18282	144	13	)	)	SYM
fbem-18282	144	14	29	29	NUM
fbem-18282	144	15	-	-	SYM
fbem-18282	144	16	33	33	NUM
fbem-18282	144	17	.	.	PUNCT
fbem-18282	145	1	[	[	X
fbem-18282	145	2	2	2	X
fbem-18282	145	3	]	]	PUNCT
fbem-18282	145	4	he	he	PRON
fbem-18282	145	5	mantao	mantao	PROPN
fbem-18282	145	6	,	,	PUNCT
fbem-18282	145	7	tang	tang	PROPN
fbem-18282	145	8	li	li	PROPN
fbem-18282	145	9	,	,	PUNCT
fbem-18282	145	10	interest	interest	NOUN
fbem-18282	145	11	rate	rate	NOUN
fbem-18282	145	12	marketisation	marketisation	NOUN
fbem-18282	145	13	and	and	CCONJ
fbem-18282	145	14	financial	financial	ADJ
fbem-18282	145	15	innovation	innovation	NOUN
fbem-18282	145	16	:	:	PUNCT
fbem-18282	145	17	reflections	reflection	NOUN
fbem-18282	145	18	on	on	ADP
fbem-18282	145	19	the	the	DET
fbem-18282	145	20	path	path	NOUN
fbem-18282	145	21	of	of	ADP
fbem-18282	145	22	interest	interest	NOUN
fbem-18282	145	23	rate	rate	NOUN
fbem-18282	145	24	marketisation	marketisation	NOUN
fbem-18282	146	1	[	[	X
fbem-18282	146	2	j	j	X
fbem-18282	146	3	]	]	X
fbem-18282	146	4	.	.	PUNCT
fbem-18282	147	1	development	development	NOUN
fbem-18282	147	2	research	research	PROPN
fbem-18282	147	3	,	,	PUNCT
fbem-18282	147	4	2004(3):79	2004(3):79	NUM
fbem-18282	147	5	-	-	SYM
fbem-18282	147	6	81	81	NUM
fbem-18282	147	7	.	.	PUNCT
fbem-18282	148	1	[	[	X
fbem-18282	148	2	3	3	X
fbem-18282	148	3	]	]	X
fbem-18282	148	4	li	li	PROPN
fbem-18282	148	5	yang	yang	PROPN
fbem-18282	148	6	.	.	PUNCT
fbem-18282	149	1	china	china	PROPN
fbem-18282	149	2	's	's	PART
fbem-18282	149	3	interest	interest	NOUN
fbem-18282	149	4	rate	rate	NOUN
fbem-18282	149	5	marketisation	marketisation	NOUN
fbem-18282	149	6	:	:	PUNCT
fbem-18282	149	7	what	what	PRON
fbem-18282	149	8	has	have	AUX
fbem-18282	149	9	been	be	AUX
fbem-18282	149	10	done	do	VERB
fbem-18282	149	11	and	and	CCONJ
fbem-18282	149	12	what	what	PRON
fbem-18282	149	13	is	be	AUX
fbem-18282	149	14	to	to	PART
fbem-18282	149	15	be	be	AUX
fbem-18282	149	16	done	do	VERB
fbem-18282	149	17	[	[	X
fbem-18282	149	18	j	j	X
fbem-18282	149	19	]	]	X
fbem-18282	149	20	.	.	PUNCT
fbem-18282	150	1	international	international	ADJ
fbem-18282	150	2	financial	financial	ADJ
fbem-18282	150	3	studies	study	NOUN
fbem-18282	150	4	,	,	PUNCT
fbem-18282	150	5	2003:9	2003:9	NUM
fbem-18282	150	6	-	-	SYM
fbem-18282	150	7	13	13	NUM
fbem-18282	150	8	.	.	PUNCT
fbem-18282	150	9	242	242	NUM
fbem-18282	151	1	[	[	X
fbem-18282	151	2	4	4	NUM
fbem-18282	151	3	]	]	X
fbem-18282	151	4	yi	yi	PROPN
fbem-18282	151	5	gang	gang	PROPN
fbem-18282	151	6	.	.	PUNCT
fbem-18282	152	1	interest	interest	NOUN
fbem-18282	152	2	rate	rate	NOUN
fbem-18282	152	3	marketisation	marketisation	NOUN
fbem-18282	152	4	in	in	ADP
fbem-18282	152	5	china	china	PROPN
fbem-18282	152	6	's	's	PART
fbem-18282	152	7	thirty	thirty	NUM
fbem-18282	152	8	years	year	NOUN
fbem-18282	152	9	of	of	ADP
fbem-18282	152	10	reform	reform	NOUN
fbem-18282	152	11	and	and	CCONJ
fbem-18282	152	12	opening	opening	NOUN
fbem-18282	152	13	up[j	up[j	NOUN
fbem-18282	152	14	]	]	PUNCT
fbem-18282	152	15	.	.	PUNCT
fbem-18282	153	1	financial	financial	ADJ
fbem-18282	153	2	research	research	NOUN
fbem-18282	153	3	,	,	PUNCT
fbem-18282	153	4	2009(1):1	2009(1):1	NUM
fbem-18282	153	5	-	-	SYM
fbem-18282	153	6	14	14	NUM
fbem-18282	153	7	.	.	PUNCT
fbem-18282	154	1	[	[	X
fbem-18282	154	2	5	5	NUM
fbem-18282	154	3	]	]	X
fbem-18282	154	4	yin	yin	PROPN
fbem-18282	154	5	jizhi	jizhi	PROPN
fbem-18282	154	6	.	.	PUNCT
fbem-18282	155	1	discussion	discussion	NOUN
fbem-18282	155	2	on	on	ADP
fbem-18282	155	3	steadily	steadily	ADV
fbem-18282	155	4	promoting	promote	VERB
fbem-18282	155	5	china	china	PROPN
fbem-18282	155	6	's	's	PART
fbem-18282	155	7	interest	interest	NOUN
fbem-18282	155	8	rate	rate	NOUN
fbem-18282	155	9	marketisation	marketisation	NOUN
fbem-18282	155	10	reform	reform	NOUN
fbem-18282	156	1	[	[	X
fbem-18282	156	2	j	j	X
fbem-18282	156	3	]	]	X
fbem-18282	156	4	.	.	PUNCT
fbem-18282	157	1	southern	southern	ADJ
fbem-18282	157	2	finance	finance	NOUN
fbem-18282	157	3	,	,	PUNCT
fbem-18282	157	4	2011	2011	NUM
fbem-18282	157	5	(	(	PUNCT
fbem-18282	157	6	7):24～29	7):24～29	NOUN
fbem-18282	157	7	.	.	PUNCT
fbem-18282	158	1	[	[	X
fbem-18282	158	2	6	6	NUM
fbem-18282	158	3	]	]	X
fbem-18282	158	4	dai	dai	PROPN
fbem-18282	158	5	guohai	guohai	NOUN
fbem-18282	158	6	and	and	CCONJ
fbem-18282	158	7	chen	chen	PROPN
fbem-18282	158	8	difei	difei	PROPN
fbem-18282	158	9	:	:	PUNCT
fbem-18282	158	10	a	a	DET
fbem-18282	158	11	study	study	NOUN
fbem-18282	158	12	on	on	ADP
fbem-18282	158	13	the	the	DET
fbem-18282	158	14	macro	macro	ADJ
fbem-18282	158	15	effect	effect	NOUN
fbem-18282	158	16	of	of	ADP
fbem-18282	158	17	interest	interest	NOUN
fbem-18282	158	18	rate	rate	NOUN
fbem-18282	158	19	marketisation	marketisation	NOUN
fbem-18282	158	20	in	in	ADP
fbem-18282	158	21	china[j	china[j	PROPN
fbem-18282	158	22	]	]	PUNCT
fbem-18282	158	23	.	.	PUNCT
fbem-18282	159	1	shanghai	shanghai	PROPN
fbem-18282	159	2	finance	finance	PROPN
fbem-18282	159	3	,	,	PUNCT
fbem-18282	159	4	2011	2011	NUM
fbem-18282	159	5	(	(	PUNCT
fbem-18282	159	6	09	09	NUM
fbem-18282	159	7	):	):	PUNCT
fbem-18282	159	8	22～26	22～26	NUM
fbem-18282	159	9	.	.	PUNCT
fbem-18282	160	1	[	[	X
fbem-18282	160	2	7	7	X
fbem-18282	160	3	]	]	X
fbem-18282	160	4	jin	jin	NOUN
fbem-18282	160	5	zhongxia	zhongxia	PROPN
fbem-18282	160	6	,	,	PUNCT
fbem-18282	160	7	hong	hong	PROPN
fbem-18282	160	8	hao	hao	PROPN
fbem-18282	160	9	,	,	PUNCT
fbem-18282	160	10	li	li	PROPN
fbem-18282	160	11	hongjin	hongjin	VERB
fbem-18282	160	12	the	the	DET
fbem-18282	160	13	impact	impact	NOUN
fbem-18282	160	14	of	of	ADP
fbem-18282	160	15	interest	interest	NOUN
fbem-18282	160	16	rate	rate	NOUN
fbem-18282	160	17	marketisation	marketisation	NOUN
fbem-18282	160	18	on	on	ADP
fbem-18282	160	19	monetary	monetary	ADJ
fbem-18282	160	20	policy	policy	NOUN
fbem-18282	160	21	effectiveness	effectiveness	NOUN
fbem-18282	160	22	and	and	CCONJ
fbem-18282	160	23	economic	economic	ADJ
fbem-18282	160	24	restructuring	restructuring	NOUN
fbem-18282	161	1	[	[	X
fbem-18282	161	2	j	j	X
fbem-18282	161	3	]	]	X
fbem-18282	161	4	.	.	PUNCT
fbem-18282	162	1	economic	economic	ADJ
fbem-18282	162	2	research,2013(04):69	research,2013(04):69	NOUN
fbem-18282	162	3	-	-	PUNCT
fbem-18282	162	4	82	82	NUM
fbem-18282	162	5	.	.	PUNCT
fbem-18282	163	1	[	[	X
fbem-18282	163	2	8	8	NUM
fbem-18282	163	3	]	]	X
fbem-18282	163	4	luo	luo	PROPN
fbem-18282	163	5	liangwen	liangwen	PROPN
fbem-18282	163	6	,	,	PUNCT
fbem-18282	163	7	lei	lei	PROPN
fbem-18282	163	8	pengfei	pengfei	PROPN
fbem-18282	163	9	.	.	PUNCT
fbem-18282	164	1	the	the	DET
fbem-18282	164	2	impact	impact	NOUN
fbem-18282	164	3	of	of	ADP
fbem-18282	164	4	interest	interest	NOUN
fbem-18282	164	5	rate	rate	NOUN
fbem-18282	164	6	marketisation	marketisation	NOUN
fbem-18282	164	7	on	on	ADP
fbem-18282	164	8	the	the	DET
fbem-18282	164	9	transformation	transformation	NOUN
fbem-18282	164	10	of	of	ADP
fbem-18282	164	11	economic	economic	ADJ
fbem-18282	164	12	growth	growth	NOUN
fbem-18282	164	13	mode	mode	NOUN
fbem-18282	165	1	[	[	X
fbem-18282	165	2	j	j	X
fbem-18282	165	3	]	]	X
fbem-18282	165	4	.	.	PUNCT
fbem-18282	166	1	economic	economic	ADJ
fbem-18282	166	2	issues	issue	NOUN
fbem-18282	166	3	,	,	PUNCT
fbem-18282	166	4	2011(10)20	2011(10)20	NUM
fbem-18282	166	5	-	-	SYM
fbem-18282	166	6	23	23	NUM
fbem-18282	166	7	.	.	PUNCT
fbem-18282	167	1	[	[	X
fbem-18282	167	2	9	9	NUM
fbem-18282	167	3	]	]	X
fbem-18282	167	4	tan	tan	PROPN
fbem-18282	167	5	xiaofen	xiaofen	PROPN
fbem-18282	167	6	,	,	PUNCT
fbem-18282	167	7	wang	wang	PROPN
fbem-18282	167	8	yaqi	yaqi	PROPN
fbem-18282	167	9	,	,	PUNCT
fbem-18282	167	10	lu	lu	PROPN
fbem-18282	167	11	bing	bing	NOUN
fbem-18282	167	12	.	.	PUNCT
fbem-18282	168	1	exchange	exchange	NOUN
fbem-18282	168	2	rate	rate	NOUN
fbem-18282	168	3	volatility_financial	volatility_financial	PROPN
fbem-18282	168	4	marketisation	marketisation	NOUN
fbem-18282	168	5	and	and	CCONJ
fbem-18282	168	6	export_tan	export_tan	PROPN
fbem-18282	168	7	xiaofen	xiaofen	PROPN
fbem-18282	169	1	[	[	X
fbem-18282	169	2	j	j	X
fbem-18282	169	3	]	]	X
fbem-18282	169	4	.	.	PUNCT
fbem-18282	170	1	financial	financial	ADJ
fbem-18282	170	2	research	research	NOUN
fbem-18282	170	3	,	,	PUNCT
fbem-18282	170	4	2016(03	2016(03	NUM
fbem-18282	170	5	)	)	PUNCT
fbem-18282	170	6	15	15	NUM
fbem-18282	170	7	-	-	SYM
fbem-18282	170	8	30	30	NUM
fbem-18282	170	9	.	.	PUNCT
fbem-18282	171	1	[	[	X
fbem-18282	171	2	10	10	NUM
fbem-18282	171	3	]	]	X
fbem-18282	171	4	zha	zha	NOUN
fbem-18282	171	5	huachao	huachao	NOUN
fbem-18282	171	6	,	,	PUNCT
fbem-18282	171	7	load	load	NOUN
fbem-18282	171	8	ping	ping	NOUN
fbem-18282	171	9	,	,	PUNCT
fbem-18282	171	10	china	china	PROPN
fbem-18282	171	11	's	's	PART
fbem-18282	171	12	financial	financial	ADJ
fbem-18282	171	13	marketisation	marketisation	NOUN
fbem-18282	171	14	level	level	NOUN
fbem-18282	171	15	and	and	CCONJ
fbem-18282	171	16	measurement	measurement	NOUN
fbem-18282	172	1	[	[	X
fbem-18282	172	2	j	j	X
fbem-18282	172	3	]	]	X
fbem-18282	172	4	.	.	PUNCT
fbem-18282	173	1	economic	economic	ADJ
fbem-18282	173	2	and	and	CCONJ
fbem-18282	173	3	management	management	NOUN
fbem-18282	173	4	research	research	NOUN
fbem-18282	173	5	,	,	PUNCT
fbem-18282	173	6	2016	2016	NUM
fbem-18282	173	7	(	(	PUNCT
fbem-18282	173	8	10	10	NUM
fbem-18282	173	9	)	)	PUNCT
fbem-18282	173	10	.	.	PUNCT