id	sid	tid	token	lemma	pos
fbem-18291	1	1	frontiers	frontier	NOUN
fbem-18291	1	2	in	in	ADP
fbem-18291	1	3	business	business	NOUN
fbem-18291	1	4	,	,	PUNCT
fbem-18291	1	5	economics	economic	NOUN
fbem-18291	1	6	and	and	CCONJ
fbem-18291	1	7	management	management	NOUN
fbem-18291	1	8	issn	issn	PROPN
fbem-18291	1	9	:	:	PUNCT
fbem-18291	1	10	2766	2766	NUM
fbem-18291	1	11	-	-	PUNCT
fbem-18291	1	12	824x	824x	NUM
fbem-18291	1	13	|	|	ADJ
fbem-18291	1	14	vol	vol	NOUN
fbem-18291	1	15	.	.	PROPN
fbem-18291	1	16	13	13	NUM
fbem-18291	1	17	,	,	PUNCT
fbem-18291	1	18	no	no	INTJ
fbem-18291	1	19	.	.	NOUN
fbem-18291	1	20	3	3	NUM
fbem-18291	1	21	,	,	PUNCT
fbem-18291	1	22	2024	2024	NUM
fbem-18291	1	23	282	282	NUM
fbem-18291	1	24	research	research	NOUN
fbem-18291	1	25	on	on	ADP
fbem-18291	1	26	the	the	DET
fbem-18291	1	27	impact	impact	NOUN
fbem-18291	1	28	of	of	ADP
fbem-18291	1	29	fintech	fintech	NOUN
fbem-18291	1	30	on	on	ADP
fbem-18291	1	31	liquidity	liquidity	NOUN
fbem-18291	1	32	risk	risk	NOUN
fbem-18291	1	33	of	of	ADP
fbem-18291	1	34	chinese	chinese	ADJ
fbem-18291	1	35	commercial	commercial	ADJ
fbem-18291	1	36	banks	bank	NOUN
fbem-18291	1	37	yiqi	yiqi	PROPN
fbem-18291	1	38	wang	wang	PROPN
fbem-18291	1	39	school	school	PROPN
fbem-18291	1	40	of	of	ADP
fbem-18291	1	41	university	university	PROPN
fbem-18291	1	42	of	of	ADP
fbem-18291	1	43	southampton	southampton	PROPN
fbem-18291	1	44	,	,	PUNCT
fbem-18291	1	45	southampton	southampton	PROPN
fbem-18291	1	46	,	,	PUNCT
fbem-18291	1	47	unite	unite	VERB
fbem-18291	1	48	kingdom	kingdom	NOUN
fbem-18291	1	49	abstract	abstract	NOUN
fbem-18291	1	50	:	:	PUNCT
fbem-18291	1	51	this	this	DET
fbem-18291	1	52	paper	paper	NOUN
fbem-18291	1	53	investigates	investigate	VERB
fbem-18291	1	54	the	the	DET
fbem-18291	1	55	liquidity	liquidity	NOUN
fbem-18291	1	56	impact	impact	NOUN
fbem-18291	1	57	of	of	ADP
fbem-18291	1	58	fintech	fintech	NOUN
fbem-18291	1	59	development	development	NOUN
fbem-18291	1	60	on	on	ADP
fbem-18291	1	61	commercial	commercial	ADJ
fbem-18291	1	62	banks	bank	NOUN
fbem-18291	1	63	with	with	ADP
fbem-18291	1	64	a	a	DET
fbem-18291	1	65	sample	sample	NOUN
fbem-18291	1	66	of	of	ADP
fbem-18291	1	67	18	18	NUM
fbem-18291	1	68	chinese	chinese	ADJ
fbem-18291	1	69	commercial	commercial	ADJ
fbem-18291	1	70	banks	bank	NOUN
fbem-18291	1	71	over	over	ADP
fbem-18291	1	72	the	the	DET
fbem-18291	1	73	time	time	NOUN
fbem-18291	1	74	interval	interval	NOUN
fbem-18291	1	75	from	from	ADP
fbem-18291	1	76	2013	2013	NUM
fbem-18291	1	77	to	to	ADP
fbem-18291	1	78	2022	2022	NUM
fbem-18291	1	79	.	.	PUNCT
fbem-18291	2	1	this	this	DET
fbem-18291	2	2	paper	paper	NOUN
fbem-18291	2	3	constructs	construct	VERB
fbem-18291	2	4	a	a	DET
fbem-18291	2	5	basic	basic	ADJ
fbem-18291	2	6	regression	regression	NOUN
fbem-18291	2	7	model	model	NOUN
fbem-18291	2	8	,	,	PUNCT
fbem-18291	2	9	three	three	NUM
fbem-18291	2	10	models	model	NOUN
fbem-18291	2	11	with	with	ADP
fbem-18291	2	12	the	the	DET
fbem-18291	2	13	introduction	introduction	NOUN
fbem-18291	2	14	of	of	ADP
fbem-18291	2	15	mediating	mediate	VERB
fbem-18291	2	16	variables	variable	NOUN
fbem-18291	2	17	,	,	PUNCT
fbem-18291	2	18	and	and	CCONJ
fbem-18291	2	19	a	a	DET
fbem-18291	2	20	model	model	NOUN
fbem-18291	2	21	for	for	ADP
fbem-18291	2	22	heterogeneity	heterogeneity	NOUN
fbem-18291	2	23	analysis	analysis	NOUN
fbem-18291	2	24	.	.	PUNCT
fbem-18291	3	1	an	an	DET
fbem-18291	3	2	empirical	empirical	ADJ
fbem-18291	3	3	analysis	analysis	NOUN
fbem-18291	3	4	in	in	ADP
fbem-18291	3	5	this	this	DET
fbem-18291	3	6	paper	paper	NOUN
fbem-18291	3	7	begins	begin	VERB
fbem-18291	3	8	by	by	ADP
fbem-18291	3	9	analyzing	analyze	VERB
fbem-18291	3	10	the	the	DET
fbem-18291	3	11	overall	overall	ADJ
fbem-18291	3	12	trend	trend	NOUN
fbem-18291	3	13	of	of	ADP
fbem-18291	3	14	data	datum	NOUN
fbem-18291	3	15	by	by	ADP
fbem-18291	3	16	conducting	conduct	VERB
fbem-18291	3	17	a	a	DET
fbem-18291	3	18	descriptive	descriptive	ADJ
fbem-18291	3	19	statistical	statistical	ADJ
fbem-18291	3	20	analysis	analysis	NOUN
fbem-18291	3	21	of	of	ADP
fbem-18291	3	22	the	the	DET
fbem-18291	3	23	selected	select	VERB
fbem-18291	3	24	variables	variable	NOUN
fbem-18291	3	25	;	;	PUNCT
fbem-18291	3	26	in	in	ADP
fbem-18291	3	27	the	the	DET
fbem-18291	3	28	second	second	ADJ
fbem-18291	3	29	step	step	NOUN
fbem-18291	3	30	,	,	PUNCT
fbem-18291	3	31	it	it	PRON
fbem-18291	3	32	is	be	AUX
fbem-18291	3	33	determined	determine	VERB
fbem-18291	3	34	whether	whether	SCONJ
fbem-18291	3	35	the	the	DET
fbem-18291	3	36	selection	selection	NOUN
fbem-18291	3	37	of	of	ADP
fbem-18291	3	38	the	the	DET
fbem-18291	3	39	variables	variable	NOUN
fbem-18291	3	40	is	be	AUX
fbem-18291	3	41	reasonable	reasonable	ADJ
fbem-18291	3	42	through	through	ADP
fbem-18291	3	43	the	the	DET
fbem-18291	3	44	test	test	NOUN
fbem-18291	3	45	of	of	ADP
fbem-18291	3	46	multiple	multiple	ADJ
fbem-18291	3	47	covariance	covariance	NOUN
fbem-18291	3	48	;	;	PUNCT
fbem-18291	3	49	in	in	ADP
fbem-18291	3	50	the	the	DET
fbem-18291	3	51	third	third	ADJ
fbem-18291	3	52	step	step	NOUN
fbem-18291	3	53	,	,	PUNCT
fbem-18291	3	54	regression	regression	VERB
fbem-18291	3	55	analysis	analysis	NOUN
fbem-18291	3	56	is	be	AUX
fbem-18291	3	57	carried	carry	VERB
fbem-18291	3	58	out	out	ADP
fbem-18291	3	59	on	on	ADP
fbem-18291	3	60	the	the	DET
fbem-18291	3	61	data	datum	NOUN
fbem-18291	3	62	to	to	PART
fbem-18291	3	63	determine	determine	VERB
fbem-18291	3	64	the	the	DET
fbem-18291	3	65	relationship	relationship	NOUN
fbem-18291	3	66	between	between	ADP
fbem-18291	3	67	the	the	DET
fbem-18291	3	68	variables	variable	NOUN
fbem-18291	3	69	;	;	PUNCT
fbem-18291	3	70	in	in	ADP
fbem-18291	3	71	the	the	DET
fbem-18291	3	72	fourth	fourth	ADJ
fbem-18291	3	73	step	step	NOUN
fbem-18291	3	74	,	,	PUNCT
fbem-18291	3	75	it	it	PRON
fbem-18291	3	76	is	be	AUX
fbem-18291	3	77	determined	determine	VERB
fbem-18291	3	78	through	through	ADP
fbem-18291	3	79	the	the	DET
fbem-18291	3	80	mediation	mediation	NOUN
fbem-18291	3	81	effect	effect	NOUN
fbem-18291	3	82	model	model	NOUN
fbem-18291	3	83	whether	whether	SCONJ
fbem-18291	3	84	fintech	fintech	NOUN
fbem-18291	3	85	will	will	AUX
fbem-18291	3	86	have	have	VERB
fbem-18291	3	87	an	an	DET
fbem-18291	3	88	impact	impact	NOUN
fbem-18291	3	89	on	on	ADP
fbem-18291	3	90	the	the	DET
fbem-18291	3	91	liquidity	liquidity	NOUN
fbem-18291	3	92	of	of	ADP
fbem-18291	3	93	commercial	commercial	ADJ
fbem-18291	3	94	banks	bank	NOUN
fbem-18291	3	95	through	through	ADP
fbem-18291	3	96	the	the	DET
fbem-18291	3	97	selected	select	VERB
fbem-18291	3	98	intermediary	intermediary	ADJ
fbem-18291	3	99	variable	variable	ADJ
fbem-18291	3	100	impact	impact	NOUN
fbem-18291	3	101	;	;	PUNCT
fbem-18291	3	102	subsequently	subsequently	ADV
fbem-18291	3	103	,	,	PUNCT
fbem-18291	3	104	a	a	DET
fbem-18291	3	105	heterogeneity	heterogeneity	NOUN
fbem-18291	3	106	analysis	analysis	NOUN
fbem-18291	3	107	is	be	AUX
fbem-18291	3	108	conducted	conduct	VERB
fbem-18291	3	109	to	to	PART
fbem-18291	3	110	determine	determine	VERB
fbem-18291	3	111	whether	whether	SCONJ
fbem-18291	3	112	there	there	PRON
fbem-18291	3	113	are	be	VERB
fbem-18291	3	114	differences	difference	NOUN
fbem-18291	3	115	in	in	ADP
fbem-18291	3	116	the	the	DET
fbem-18291	3	117	nature	nature	NOUN
fbem-18291	3	118	of	of	ADP
fbem-18291	3	119	ownership	ownership	NOUN
fbem-18291	3	120	and	and	CCONJ
fbem-18291	3	121	regions	region	NOUN
fbem-18291	3	122	in	in	ADP
fbem-18291	3	123	the	the	DET
fbem-18291	3	124	impact	impact	NOUN
fbem-18291	3	125	;	;	PUNCT
fbem-18291	3	126	finally	finally	ADV
fbem-18291	3	127	,	,	PUNCT
fbem-18291	3	128	a	a	DET
fbem-18291	3	129	robust	robust	ADJ
fbem-18291	3	130	-	-	PUNCT
fbem-18291	3	131	type	type	NOUN
fbem-18291	3	132	test	test	NOUN
fbem-18291	3	133	is	be	AUX
fbem-18291	3	134	conducted	conduct	VERB
fbem-18291	3	135	to	to	PART
fbem-18291	3	136	determine	determine	VERB
fbem-18291	3	137	whether	whether	SCONJ
fbem-18291	3	138	the	the	DET
fbem-18291	3	139	results	result	NOUN
fbem-18291	3	140	of	of	ADP
fbem-18291	3	141	the	the	DET
fbem-18291	3	142	regression	regression	NOUN
fbem-18291	3	143	analysis	analysis	NOUN
fbem-18291	3	144	are	be	AUX
fbem-18291	3	145	credible	credible	ADJ
fbem-18291	3	146	.	.	PUNCT
fbem-18291	4	1	the	the	DET
fbem-18291	4	2	results	result	NOUN
fbem-18291	4	3	show	show	VERB
fbem-18291	4	4	that	that	SCONJ
fbem-18291	4	5	the	the	DET
fbem-18291	4	6	liquidity	liquidity	NOUN
fbem-18291	4	7	risk	risk	NOUN
fbem-18291	4	8	of	of	ADP
fbem-18291	4	9	commercial	commercial	ADJ
fbem-18291	4	10	banks	bank	NOUN
fbem-18291	4	11	is	be	AUX
fbem-18291	4	12	significantly	significantly	ADV
fbem-18291	4	13	reduced	reduce	VERB
fbem-18291	4	14	as	as	SCONJ
fbem-18291	4	15	fintech	fintech	NOUN
fbem-18291	4	16	companies	company	NOUN
fbem-18291	4	17	strengthen	strengthen	VERB
fbem-18291	4	18	their	their	PRON
fbem-18291	4	19	interconnection	interconnection	NOUN
fbem-18291	4	20	with	with	ADP
fbem-18291	4	21	commercial	commercial	ADJ
fbem-18291	4	22	banks	bank	NOUN
fbem-18291	4	23	.	.	PUNCT
fbem-18291	5	1	in	in	ADP
fbem-18291	5	2	addition	addition	NOUN
fbem-18291	5	3	,	,	PUNCT
fbem-18291	5	4	the	the	DET
fbem-18291	5	5	net	net	ADJ
fbem-18291	5	6	interest	interest	NOUN
fbem-18291	5	7	margin	margin	NOUN
fbem-18291	5	8	can	can	AUX
fbem-18291	5	9	not	not	PART
fbem-18291	5	10	be	be	AUX
fbem-18291	5	11	used	use	VERB
fbem-18291	5	12	as	as	ADP
fbem-18291	5	13	a	a	DET
fbem-18291	5	14	mediating	mediate	VERB
fbem-18291	5	15	variable	variable	NOUN
fbem-18291	5	16	for	for	ADP
fbem-18291	5	17	fintech	fintech	NOUN
fbem-18291	5	18	to	to	PART
fbem-18291	5	19	affect	affect	VERB
fbem-18291	5	20	the	the	DET
fbem-18291	5	21	liquidity	liquidity	NOUN
fbem-18291	5	22	of	of	ADP
fbem-18291	5	23	commercial	commercial	ADJ
fbem-18291	5	24	banks	bank	NOUN
fbem-18291	5	25	,	,	PUNCT
fbem-18291	5	26	but	but	CCONJ
fbem-18291	5	27	the	the	DET
fbem-18291	5	28	results	result	NOUN
fbem-18291	5	29	of	of	ADP
fbem-18291	5	30	the	the	DET
fbem-18291	5	31	empirical	empirical	ADJ
fbem-18291	5	32	analyses	analysis	NOUN
fbem-18291	5	33	of	of	ADP
fbem-18291	5	34	the	the	DET
fbem-18291	5	35	non	non	ADJ
fbem-18291	5	36	-	-	ADJ
fbem-18291	5	37	interest	interest	ADJ
fbem-18291	5	38	income	income	NOUN
fbem-18291	5	39	share	share	NOUN
fbem-18291	5	40	present	present	ADJ
fbem-18291	5	41	significant	significant	ADJ
fbem-18291	5	42	,	,	PUNCT
fbem-18291	5	43	i.e.	i.e.	X
fbem-18291	5	44	,	,	PUNCT
fbem-18291	5	45	there	there	PRON
fbem-18291	5	46	is	be	VERB
fbem-18291	5	47	a	a	DET
fbem-18291	5	48	mediating	mediate	VERB
fbem-18291	5	49	effect	effect	NOUN
fbem-18291	5	50	.	.	PUNCT
fbem-18291	6	1	finally	finally	ADV
fbem-18291	6	2	,	,	PUNCT
fbem-18291	6	3	the	the	DET
fbem-18291	6	4	heterogeneity	heterogeneity	NOUN
fbem-18291	6	5	analysis	analysis	NOUN
fbem-18291	6	6	shows	show	VERB
fbem-18291	6	7	that	that	SCONJ
fbem-18291	6	8	the	the	DET
fbem-18291	6	9	liquidity	liquidity	NOUN
fbem-18291	6	10	of	of	ADP
fbem-18291	6	11	urban	urban	ADJ
fbem-18291	6	12	commercial	commercial	ADJ
fbem-18291	6	13	banks	bank	NOUN
fbem-18291	6	14	and	and	CCONJ
fbem-18291	6	15	joint	joint	ADJ
fbem-18291	6	16	-	-	PUNCT
fbem-18291	6	17	stock	stock	NOUN
fbem-18291	6	18	banks	bank	NOUN
fbem-18291	6	19	is	be	AUX
fbem-18291	6	20	more	more	ADV
fbem-18291	6	21	sensitive	sensitive	ADJ
fbem-18291	6	22	to	to	ADP
fbem-18291	6	23	the	the	DET
fbem-18291	6	24	development	development	NOUN
fbem-18291	6	25	of	of	ADP
fbem-18291	6	26	fintech	fintech	NOUN
fbem-18291	6	27	,	,	PUNCT
fbem-18291	6	28	meanwhile	meanwhile	ADV
fbem-18291	6	29	,	,	PUNCT
fbem-18291	6	30	the	the	DET
fbem-18291	6	31	liquidity	liquidity	NOUN
fbem-18291	6	32	of	of	ADP
fbem-18291	6	33	commercial	commercial	ADJ
fbem-18291	6	34	banks	bank	NOUN
fbem-18291	6	35	in	in	ADP
fbem-18291	6	36	the	the	DET
fbem-18291	6	37	southern	southern	ADJ
fbem-18291	6	38	region	region	NOUN
fbem-18291	6	39	is	be	AUX
fbem-18291	6	40	more	more	ADV
fbem-18291	6	41	susceptible	susceptible	ADJ
fbem-18291	6	42	to	to	ADP
fbem-18291	6	43	the	the	DET
fbem-18291	6	44	development	development	NOUN
fbem-18291	6	45	of	of	ADP
fbem-18291	6	46	fintech	fintech	NOUN
fbem-18291	6	47	.	.	PUNCT
fbem-18291	7	1	the	the	DET
fbem-18291	7	2	article	article	NOUN
fbem-18291	7	3	concludes	conclude	VERB
fbem-18291	7	4	with	with	ADP
fbem-18291	7	5	some	some	DET
fbem-18291	7	6	recommendations	recommendation	NOUN
fbem-18291	7	7	to	to	ADP
fbem-18291	7	8	the	the	DET
fbem-18291	7	9	chinese	chinese	ADJ
fbem-18291	7	10	government	government	NOUN
fbem-18291	7	11	and	and	CCONJ
fbem-18291	7	12	relevant	relevant	ADJ
fbem-18291	7	13	commercial	commercial	ADJ
fbem-18291	7	14	banks	bank	NOUN
fbem-18291	7	15	regarding	regard	VERB
fbem-18291	7	16	the	the	DET
fbem-18291	7	17	promotion	promotion	NOUN
fbem-18291	7	18	of	of	ADP
fbem-18291	7	19	fintech	fintech	NOUN
fbem-18291	7	20	development	development	NOUN
fbem-18291	7	21	.	.	PUNCT
fbem-18291	8	1	keywords	keyword	NOUN
fbem-18291	8	2	:	:	PUNCT
fbem-18291	8	3	commercial	commercial	ADJ
fbem-18291	8	4	banks	bank	NOUN
fbem-18291	8	5	,	,	PUNCT
fbem-18291	8	6	fintech	fintech	NOUN
fbem-18291	8	7	,	,	PUNCT
fbem-18291	8	8	liquidity	liquidity	NOUN
fbem-18291	8	9	,	,	PUNCT
fbem-18291	8	10	liquidity	liquidity	NOUN
fbem-18291	8	11	risk	risk	NOUN
fbem-18291	8	12	,	,	PUNCT
fbem-18291	8	13	net	net	ADJ
fbem-18291	8	14	interest	interest	NOUN
fbem-18291	8	15	margin	margin	NOUN
fbem-18291	8	16	,	,	PUNCT
fbem-18291	8	17	non	non	ADJ
fbem-18291	8	18	-	-	ADJ
fbem-18291	8	19	interest	interest	ADJ
fbem-18291	8	20	income	income	NOUN
fbem-18291	8	21	share	share	NOUN
fbem-18291	8	22	,	,	PUNCT
fbem-18291	8	23	heterogeneity	heterogeneity	NOUN
fbem-18291	8	24	analysis	analysis	NOUN
fbem-18291	8	25	.	.	PUNCT
fbem-18291	9	1	1	1	X
fbem-18291	9	2	.	.	X
fbem-18291	9	3	introduction	introduction	NOUN
fbem-18291	9	4	commercial	commercial	ADJ
fbem-18291	9	5	banks	bank	NOUN
fbem-18291	9	6	are	be	AUX
fbem-18291	9	7	a	a	DET
fbem-18291	9	8	type	type	NOUN
fbem-18291	9	9	of	of	ADP
fbem-18291	9	10	financial	financial	ADJ
fbem-18291	9	11	organisation	organisation	NOUN
fbem-18291	9	12	instituted	institute	VERB
fbem-18291	9	13	to	to	PART
fbem-18291	9	14	meet	meet	VERB
fbem-18291	9	15	the	the	DET
fbem-18291	9	16	development	development	NOUN
fbem-18291	9	17	of	of	ADP
fbem-18291	9	18	market	market	NOUN
fbem-18291	9	19	economy	economy	NOUN
fbem-18291	9	20	and	and	CCONJ
fbem-18291	9	21	socialised	socialise	VERB
fbem-18291	9	22	mass	mass	ADJ
fbem-18291	9	23	production	production	NOUN
fbem-18291	9	24	,	,	PUNCT
fbem-18291	9	25	and	and	CCONJ
fbem-18291	9	26	they	they	PRON
fbem-18291	9	27	have	have	AUX
fbem-18291	9	28	always	always	ADV
fbem-18291	9	29	played	play	VERB
fbem-18291	9	30	an	an	DET
fbem-18291	9	31	integral	integral	ADJ
fbem-18291	9	32	role	role	NOUN
fbem-18291	9	33	in	in	ADP
fbem-18291	9	34	the	the	DET
fbem-18291	9	35	financial	financial	ADJ
fbem-18291	9	36	system	system	NOUN
fbem-18291	9	37	(	(	PUNCT
fbem-18291	9	38	levine	levine	PROPN
fbem-18291	9	39	,	,	PUNCT
fbem-18291	9	40	1997	1997	NUM
fbem-18291	9	41	)	)	PUNCT
fbem-18291	9	42	.	.	PUNCT
fbem-18291	10	1	as	as	ADP
fbem-18291	10	2	the	the	DET
fbem-18291	10	3	centre	centre	NOUN
fbem-18291	10	4	of	of	ADP
fbem-18291	10	5	finance	finance	NOUN
fbem-18291	10	6	,	,	PUNCT
fbem-18291	10	7	commercial	commercial	ADJ
fbem-18291	10	8	banks	bank	NOUN
fbem-18291	10	9	play	play	VERB
fbem-18291	10	10	an	an	DET
fbem-18291	10	11	irreplaceable	irreplaceable	ADJ
fbem-18291	10	12	role	role	NOUN
fbem-18291	10	13	in	in	ADP
fbem-18291	10	14	the	the	DET
fbem-18291	10	15	operation	operation	NOUN
fbem-18291	10	16	of	of	ADP
fbem-18291	10	17	the	the	DET
fbem-18291	10	18	society	society	NOUN
fbem-18291	10	19	,	,	PUNCT
fbem-18291	10	20	and	and	CCONJ
fbem-18291	10	21	whether	whether	SCONJ
fbem-18291	10	22	the	the	DET
fbem-18291	10	23	banking	banking	NOUN
fbem-18291	10	24	and	and	CCONJ
fbem-18291	10	25	financial	financial	ADJ
fbem-18291	10	26	system	system	NOUN
fbem-18291	10	27	can	can	AUX
fbem-18291	10	28	operate	operate	VERB
fbem-18291	10	29	typically	typically	ADV
fbem-18291	10	30	depends	depend	VERB
fbem-18291	10	31	on	on	ADP
fbem-18291	10	32	whether	whether	SCONJ
fbem-18291	10	33	the	the	DET
fbem-18291	10	34	national	national	ADJ
fbem-18291	10	35	and	and	CCONJ
fbem-18291	10	36	even	even	ADV
fbem-18291	10	37	the	the	DET
fbem-18291	10	38	world	world	NOUN
fbem-18291	10	39	economy	economy	NOUN
fbem-18291	10	40	can	can	AUX
fbem-18291	10	41	operate	operate	VERB
fbem-18291	10	42	normally	normally	ADV
fbem-18291	10	43	.	.	PUNCT
fbem-18291	11	1	according	accord	VERB
fbem-18291	11	2	to	to	ADP
fbem-18291	11	3	modern	modern	ADJ
fbem-18291	11	4	economics	economic	NOUN
fbem-18291	11	5	,	,	PUNCT
fbem-18291	11	6	commercial	commercial	ADJ
fbem-18291	11	7	banks	bank	NOUN
fbem-18291	11	8	have	have	VERB
fbem-18291	11	9	the	the	DET
fbem-18291	11	10	two	two	NUM
fbem-18291	11	11	functions	function	NOUN
fbem-18291	11	12	of	of	ADP
fbem-18291	11	13	risk	risk	NOUN
fbem-18291	11	14	transfer	transfer	NOUN
fbem-18291	11	15	and	and	CCONJ
fbem-18291	11	16	liquidity	liquidity	NOUN
fbem-18291	11	17	creation	creation	NOUN
fbem-18291	11	18	,	,	PUNCT
fbem-18291	11	19	and	and	CCONJ
fbem-18291	11	20	they	they	PRON
fbem-18291	11	21	provide	provide	VERB
fbem-18291	11	22	liquidity	liquidity	NOUN
fbem-18291	11	23	to	to	ADP
fbem-18291	11	24	the	the	DET
fbem-18291	11	25	society	society	NOUN
fbem-18291	11	26	by	by	ADP
fbem-18291	11	27	taking	take	VERB
fbem-18291	11	28	deposits	deposit	NOUN
fbem-18291	11	29	and	and	CCONJ
fbem-18291	11	30	granting	grant	VERB
fbem-18291	11	31	loans	loan	NOUN
fbem-18291	11	32	(	(	PUNCT
fbem-18291	11	33	huong	huong	PROPN
fbem-18291	11	34	vuong	vuong	PROPN
fbem-18291	11	35	et	et	PROPN
fbem-18291	11	36	al	al	PROPN
fbem-18291	11	37	.	.	PROPN
fbem-18291	11	38	,	,	PUNCT
fbem-18291	11	39	2023	2023	NUM
fbem-18291	11	40	)	)	PUNCT
fbem-18291	11	41	.	.	PUNCT
fbem-18291	12	1	after	after	ADP
fbem-18291	12	2	entering	enter	VERB
fbem-18291	12	3	the	the	DET
fbem-18291	12	4	20th	20th	ADJ
fbem-18291	12	5	century	century	NOUN
fbem-18291	12	6	,	,	PUNCT
fbem-18291	12	7	information	information	NOUN
fbem-18291	12	8	technology	technology	NOUN
fbem-18291	12	9	has	have	AUX
fbem-18291	12	10	flourished	flourish	VERB
fbem-18291	12	11	,	,	PUNCT
fbem-18291	12	12	and	and	CCONJ
fbem-18291	12	13	emerging	emerge	VERB
fbem-18291	12	14	technologies	technology	NOUN
fbem-18291	12	15	represented	represent	VERB
fbem-18291	12	16	by	by	ADP
fbem-18291	12	17	financial	financial	ADJ
fbem-18291	12	18	technology	technology	NOUN
fbem-18291	12	19	have	have	AUX
fbem-18291	12	20	gradually	gradually	ADV
fbem-18291	12	21	penetrated	penetrate	VERB
fbem-18291	12	22	into	into	ADP
fbem-18291	12	23	various	various	ADJ
fbem-18291	12	24	fields	field	NOUN
fbem-18291	12	25	of	of	ADP
fbem-18291	12	26	the	the	DET
fbem-18291	12	27	financial	financial	ADJ
fbem-18291	12	28	industry	industry	NOUN
fbem-18291	12	29	.	.	PUNCT
fbem-18291	13	1	internet	internet	NOUN
fbem-18291	13	2	of	of	ADP
fbem-18291	13	3	things	thing	NOUN
fbem-18291	13	4	,	,	PUNCT
fbem-18291	13	5	big	big	ADJ
fbem-18291	13	6	data	datum	NOUN
fbem-18291	13	7	,	,	PUNCT
fbem-18291	13	8	artificial	artificial	ADJ
fbem-18291	13	9	intelligence	intelligence	NOUN
fbem-18291	13	10	and	and	CCONJ
fbem-18291	13	11	other	other	ADJ
fbem-18291	13	12	technologies	technology	NOUN
fbem-18291	13	13	are	be	AUX
fbem-18291	13	14	widely	widely	ADV
fbem-18291	13	15	used	use	VERB
fbem-18291	13	16	for	for	ADP
fbem-18291	13	17	the	the	DET
fbem-18291	13	18	traditional	traditional	ADJ
fbem-18291	13	19	financial	financial	ADJ
fbem-18291	13	20	management	management	NOUN
fbem-18291	13	21	system	system	NOUN
fbem-18291	13	22	,	,	PUNCT
fbem-18291	13	23	for	for	SCONJ
fbem-18291	13	24	the	the	DET
fbem-18291	13	25	departments	department	NOUN
fbem-18291	13	26	to	to	PART
fbem-18291	13	27	solve	solve	VERB
fbem-18291	13	28	a	a	DET
fbem-18291	13	29	significant	significant	ADJ
fbem-18291	13	30	number	number	NOUN
fbem-18291	13	31	of	of	ADP
fbem-18291	13	32	long	long	ADV
fbem-18291	13	33	-	-	PUNCT
fbem-18291	13	34	troubled	trouble	VERB
fbem-18291	13	35	problems	problem	NOUN
fbem-18291	13	36	,	,	PUNCT
fbem-18291	13	37	as	as	ADV
fbem-18291	13	38	well	well	ADV
fbem-18291	13	39	as	as	ADP
fbem-18291	13	40	for	for	ADP
fbem-18291	13	41	the	the	DET
fbem-18291	13	42	enterprise	enterprise	NOUN
fbem-18291	13	43	to	to	PART
fbem-18291	13	44	provide	provide	VERB
fbem-18291	13	45	efficient	efficient	ADJ
fbem-18291	13	46	services	service	NOUN
fbem-18291	13	47	,	,	PUNCT
fbem-18291	13	48	for	for	SCONJ
fbem-18291	13	49	the	the	DET
fbem-18291	13	50	people	people	NOUN
fbem-18291	13	51	to	to	PART
fbem-18291	13	52	provide	provide	VERB
fbem-18291	13	53	a	a	DET
fbem-18291	13	54	convenient	convenient	ADJ
fbem-18291	13	55	operation	operation	NOUN
fbem-18291	13	56	,	,	PUNCT
fbem-18291	13	57	and	and	CCONJ
fbem-18291	13	58	more	more	ADJ
fbem-18291	13	59	socio	socio	NOUN
fbem-18291	13	60	-	-	PUNCT
fbem-18291	13	61	economic	economic	ADJ
fbem-18291	13	62	development	development	NOUN
fbem-18291	13	63	opportunities	opportunity	NOUN
fbem-18291	13	64	.	.	PUNCT
fbem-18291	14	1	the	the	DET
fbem-18291	14	2	wide	wide	ADJ
fbem-18291	14	3	application	application	NOUN
fbem-18291	14	4	of	of	ADP
fbem-18291	14	5	financial	financial	ADJ
fbem-18291	14	6	technology	technology	NOUN
fbem-18291	14	7	has	have	AUX
fbem-18291	14	8	become	become	VERB
fbem-18291	14	9	an	an	DET
fbem-18291	14	10	important	important	ADJ
fbem-18291	14	11	driving	driving	NOUN
fbem-18291	14	12	force	force	NOUN
fbem-18291	14	13	for	for	ADP
fbem-18291	14	14	the	the	DET
fbem-18291	14	15	rapid	rapid	ADJ
fbem-18291	14	16	development	development	NOUN
fbem-18291	14	17	of	of	ADP
fbem-18291	14	18	society	society	NOUN
fbem-18291	14	19	[	[	X
fbem-18291	14	20	1	1	NUM
fbem-18291	14	21	]	]	PUNCT
fbem-18291	14	22	.	.	PUNCT
fbem-18291	15	1	due	due	ADP
fbem-18291	15	2	to	to	ADP
fbem-18291	15	3	the	the	DET
fbem-18291	15	4	convenience	convenience	NOUN
fbem-18291	15	5	and	and	CCONJ
fbem-18291	15	6	efficiency	efficiency	NOUN
fbem-18291	15	7	of	of	ADP
fbem-18291	15	8	fintech	fintech	NOUN
fbem-18291	15	9	,	,	PUNCT
fbem-18291	15	10	the	the	DET
fbem-18291	15	11	world	world	NOUN
fbem-18291	15	12	’s	’s	PART
fbem-18291	15	13	major	major	ADJ
fbem-18291	15	14	banks	bank	NOUN
fbem-18291	15	15	have	have	AUX
fbem-18291	15	16	begun	begin	VERB
fbem-18291	15	17	to	to	PART
fbem-18291	15	18	layout	layout	VERB
fbem-18291	15	19	the	the	DET
fbem-18291	15	20	fintech	fintech	NOUN
fbem-18291	15	21	industry	industry	NOUN
fbem-18291	15	22	,	,	PUNCT
fbem-18291	15	23	competing	compete	VERB
fbem-18291	15	24	for	for	ADP
fbem-18291	15	25	high	high	ADJ
fbem-18291	15	26	-	-	PUNCT
fbem-18291	15	27	end	end	NOUN
fbem-18291	15	28	fintech	fintech	NOUN
fbem-18291	15	29	talents	talent	NOUN
fbem-18291	15	30	,	,	PUNCT
fbem-18291	15	31	and	and	CCONJ
fbem-18291	15	32	launching	launch	VERB
fbem-18291	15	33	various	various	ADJ
fbem-18291	15	34	types	type	NOUN
fbem-18291	15	35	of	of	ADP
fbem-18291	15	36	mobile	mobile	ADJ
fbem-18291	15	37	terminal	terminal	ADJ
fbem-18291	15	38	software	software	NOUN
fbem-18291	15	39	to	to	PART
fbem-18291	15	40	assist	assist	VERB
fbem-18291	15	41	users	user	NOUN
fbem-18291	15	42	in	in	ADP
fbem-18291	15	43	handling	handle	VERB
fbem-18291	15	44	business	business	NOUN
fbem-18291	15	45	in	in	ADP
fbem-18291	15	46	the	the	DET
fbem-18291	15	47	hope	hope	NOUN
fbem-18291	15	48	of	of	ADP
fbem-18291	15	49	creating	create	VERB
fbem-18291	15	50	higher	high	ADJ
fbem-18291	15	51	value	value	NOUN
fbem-18291	15	52	,	,	PUNCT
fbem-18291	15	53	such	such	ADJ
fbem-18291	15	54	as	as	ADP
fbem-18291	15	55	online	online	ADJ
fbem-18291	15	56	banking	banking	NOUN
fbem-18291	15	57	services	service	NOUN
fbem-18291	15	58	,	,	PUNCT
fbem-18291	15	59	digital	digital	ADJ
fbem-18291	15	60	wallets	wallet	NOUN
fbem-18291	15	61	,	,	PUNCT
fbem-18291	15	62	mobile	mobile	ADJ
fbem-18291	15	63	payments	payment	NOUN
fbem-18291	15	64	and	and	CCONJ
fbem-18291	15	65	open	open	ADJ
fbem-18291	15	66	banking	banking	NOUN
fbem-18291	15	67	application	application	NOUN
fbem-18291	15	68	programming	programming	NOUN
fbem-18291	15	69	interfaces	interface	NOUN
fbem-18291	15	70	(	(	PUNCT
fbem-18291	15	71	apis	apis	ADJ
fbem-18291	15	72	)	)	PUNCT
fbem-18291	15	73	.	.	PUNCT
fbem-18291	16	1	these	these	DET
fbem-18291	16	2	innovations	innovation	NOUN
fbem-18291	16	3	break	break	VERB
fbem-18291	16	4	the	the	DET
fbem-18291	16	5	limitations	limitation	NOUN
fbem-18291	16	6	of	of	ADP
fbem-18291	16	7	space	space	NOUN
fbem-18291	16	8	and	and	CCONJ
fbem-18291	16	9	time	time	NOUN
fbem-18291	16	10	.	.	PUNCT
fbem-18291	17	1	these	these	DET
fbem-18291	17	2	innovations	innovation	NOUN
fbem-18291	17	3	that	that	PRON
fbem-18291	17	4	break	break	VERB
fbem-18291	17	5	space	space	NOUN
fbem-18291	17	6	and	and	CCONJ
fbem-18291	17	7	time	time	NOUN
fbem-18291	17	8	constraints	constraint	NOUN
fbem-18291	17	9	have	have	AUX
fbem-18291	17	10	significantly	significantly	ADV
fbem-18291	17	11	improved	improve	VERB
fbem-18291	17	12	the	the	DET
fbem-18291	17	13	service	service	NOUN
fbem-18291	17	14	experience	experience	NOUN
fbem-18291	17	15	of	of	ADP
fbem-18291	17	16	customers	customer	NOUN
fbem-18291	17	17	and	and	CCONJ
fbem-18291	17	18	reduced	reduce	VERB
fbem-18291	17	19	the	the	DET
fbem-18291	17	20	service	service	NOUN
fbem-18291	17	21	pressure	pressure	NOUN
fbem-18291	17	22	on	on	ADP
fbem-18291	17	23	commercial	commercial	ADJ
fbem-18291	17	24	banks	bank	NOUN
fbem-18291	17	25	(	(	PUNCT
fbem-18291	17	26	pwc	pwc	PROPN
fbem-18291	17	27	,	,	PUNCT
fbem-18291	17	28	2017	2017	NUM
fbem-18291	17	29	)	)	PUNCT
fbem-18291	17	30	.	.	PUNCT
fbem-18291	18	1	moreover	moreover	ADV
fbem-18291	18	2	,	,	PUNCT
fbem-18291	18	3	artificial	artificial	ADJ
fbem-18291	18	4	intelligence	intelligence	NOUN
fbem-18291	18	5	and	and	CCONJ
fbem-18291	18	6	machine	machine	NOUN
fbem-18291	18	7	analysis	analysis	NOUN
fbem-18291	18	8	have	have	AUX
fbem-18291	18	9	also	also	ADV
fbem-18291	18	10	increased	increase	VERB
fbem-18291	18	11	customer	customer	NOUN
fbem-18291	18	12	stickiness	stickiness	NOUN
fbem-18291	18	13	by	by	ADP
fbem-18291	18	14	analysing	analyse	VERB
fbem-18291	18	15	customers	customer	NOUN
fbem-18291	18	16	’	'	PUNCT
fbem-18291	18	17	investment	investment	NOUN
fbem-18291	18	18	behaviour	behaviour	NOUN
fbem-18291	18	19	,	,	PUNCT
fbem-18291	18	20	risk	risk	NOUN
fbem-18291	18	21	tolerance	tolerance	NOUN
fbem-18291	18	22	,	,	PUNCT
fbem-18291	18	23	and	and	CCONJ
fbem-18291	18	24	capital	capital	NOUN
fbem-18291	18	25	status	status	NOUN
fbem-18291	18	26	to	to	ADP
fbem-18291	18	27	tailor	tailor	NOUN
fbem-18291	18	28	-	-	PUNCT
fbem-18291	18	29	make	make	VERB
fbem-18291	18	30	financial	financial	ADJ
fbem-18291	18	31	products	product	NOUN
fbem-18291	18	32	for	for	ADP
fbem-18291	18	33	customers	customer	NOUN
fbem-18291	18	34	.	.	PUNCT
fbem-18291	19	1	in	in	ADP
fbem-18291	19	2	addition	addition	NOUN
fbem-18291	19	3	,	,	PUNCT
fbem-18291	19	4	through	through	ADP
fbem-18291	19	5	intelligent	intelligent	ADJ
fbem-18291	19	6	supervision	supervision	NOUN
fbem-18291	19	7	,	,	PUNCT
fbem-18291	19	8	intelligent	intelligent	ADJ
fbem-18291	19	9	customer	customer	NOUN
fbem-18291	19	10	service	service	NOUN
fbem-18291	19	11	and	and	CCONJ
fbem-18291	19	12	marketing	marketing	NOUN
fbem-18291	19	13	,	,	PUNCT
fbem-18291	19	14	commercial	commercial	ADJ
fbem-18291	19	15	banks	bank	NOUN
fbem-18291	19	16	have	have	AUX
fbem-18291	19	17	saved	save	VERB
fbem-18291	19	18	a	a	DET
fbem-18291	19	19	substantial	substantial	ADJ
fbem-18291	19	20	amount	amount	NOUN
fbem-18291	19	21	of	of	ADP
fbem-18291	19	22	human	human	ADJ
fbem-18291	19	23	and	and	CCONJ
fbem-18291	19	24	material	material	ADJ
fbem-18291	19	25	resources	resource	NOUN
fbem-18291	19	26	,	,	PUNCT
fbem-18291	19	27	improved	improve	VERB
fbem-18291	19	28	service	service	NOUN
fbem-18291	19	29	efficiency	efficiency	NOUN
fbem-18291	19	30	and	and	CCONJ
fbem-18291	19	31	changed	change	VERB
fbem-18291	19	32	the	the	DET
fbem-18291	19	33	face	face	NOUN
fbem-18291	19	34	of	of	ADP
fbem-18291	19	35	traditional	traditional	ADJ
fbem-18291	19	36	banking[2	banking[2	NOUN
fbem-18291	19	37	]	]	PUNCT
fbem-18291	19	38	.	.	PUNCT
fbem-18291	20	1	however	however	ADV
fbem-18291	20	2	,	,	PUNCT
fbem-18291	20	3	there	there	PRON
fbem-18291	20	4	are	be	VERB
fbem-18291	20	5	two	two	NUM
fbem-18291	20	6	sides	side	NOUN
fbem-18291	20	7	to	to	ADP
fbem-18291	20	8	everything	everything	PRON
fbem-18291	20	9	,	,	PUNCT
fbem-18291	20	10	and	and	CCONJ
fbem-18291	20	11	whilst	whilst	SCONJ
fbem-18291	20	12	fintech	fintech	NOUN
fbem-18291	20	13	brings	bring	VERB
fbem-18291	20	14	a	a	DET
fbem-18291	20	15	fresh	fresh	ADJ
fbem-18291	20	16	perspective	perspective	NOUN
fbem-18291	20	17	on	on	ADP
fbem-18291	20	18	development	development	NOUN
fbem-18291	20	19	for	for	ADP
fbem-18291	20	20	banks	bank	NOUN
fbem-18291	20	21	,	,	PUNCT
fbem-18291	20	22	it	it	PRON
fbem-18291	20	23	must	must	AUX
fbem-18291	20	24	also	also	ADV
fbem-18291	20	25	be	be	AUX
fbem-18291	20	26	accompanied	accompany	VERB
fbem-18291	20	27	by	by	ADP
fbem-18291	20	28	negative	negative	ADJ
fbem-18291	20	29	impacts	impact	NOUN
fbem-18291	20	30	,	,	PUNCT
fbem-18291	20	31	especially	especially	ADV
fbem-18291	20	32	in	in	ADP
fbem-18291	20	33	terms	term	NOUN
fbem-18291	20	34	of	of	ADP
fbem-18291	20	35	liquidity	liquidity	NOUN
fbem-18291	20	36	creation	creation	NOUN
fbem-18291	20	37	.	.	PUNCT
fbem-18291	21	1	the	the	DET
fbem-18291	21	2	widespread	widespread	ADJ
fbem-18291	21	3	use	use	NOUN
fbem-18291	21	4	of	of	ADP
fbem-18291	21	5	fintech	fintech	NOUN
fbem-18291	21	6	has	have	AUX
fbem-18291	21	7	enabled	enable	VERB
fbem-18291	21	8	marginalised	marginalise	VERB
fbem-18291	21	9	groups	group	NOUN
fbem-18291	21	10	such	such	ADJ
fbem-18291	21	11	as	as	ADP
fbem-18291	21	12	rural	rural	ADJ
fbem-18291	21	13	areas	area	NOUN
fbem-18291	21	14	and	and	CCONJ
fbem-18291	21	15	lowincome	lowincome	NOUN
fbem-18291	21	16	groups	group	NOUN
fbem-18291	21	17	to	to	PART
fbem-18291	21	18	gradually	gradually	ADV
fbem-18291	21	19	access	access	VERB
fbem-18291	21	20	financial	financial	ADJ
fbem-18291	21	21	services	service	NOUN
fbem-18291	21	22	.	.	PUNCT
fbem-18291	22	1	the	the	DET
fbem-18291	22	2	explosion	explosion	NOUN
fbem-18291	22	3	of	of	ADP
fbem-18291	22	4	products	product	NOUN
fbem-18291	22	5	such	such	ADJ
fbem-18291	22	6	as	as	ADP
fbem-18291	22	7	wealth	wealth	NOUN
fbem-18291	22	8	front	front	NOUN
fbem-18291	22	9	,	,	PUNCT
fbem-18291	22	10	betterment	betterment	NOUN
fbem-18291	22	11	,	,	PUNCT
fbem-18291	22	12	alipay	alipay	PROPN
fbem-18291	22	13	,	,	PUNCT
fbem-18291	22	14	revolut	revolut	NOUN
fbem-18291	22	15	and	and	CCONJ
fbem-18291	22	16	others	other	NOUN
fbem-18291	22	17	has	have	AUX
fbem-18291	22	18	lowered	lower	VERB
fbem-18291	22	19	the	the	DET
fbem-18291	22	20	threshold	threshold	NOUN
fbem-18291	22	21	of	of	ADP
fbem-18291	22	22	investment	investment	NOUN
fbem-18291	22	23	for	for	ADP
fbem-18291	22	24	the	the	DET
fbem-18291	22	25	general	general	ADJ
fbem-18291	22	26	public	public	NOUN
fbem-18291	22	27	,	,	PUNCT
fbem-18291	22	28	prompting	prompt	VERB
fbem-18291	22	29	an	an	DET
fbem-18291	22	30	investment	investment	NOUN
fbem-18291	22	31	boom	boom	NOUN
fbem-18291	22	32	amongst	amongst	ADP
fbem-18291	22	33	the	the	DET
fbem-18291	22	34	global	global	ADJ
fbem-18291	22	35	population	population	NOUN
fbem-18291	22	36	.	.	PUNCT
fbem-18291	23	1	globally	globally	ADV
fbem-18291	23	2	,	,	PUNCT
fbem-18291	23	3	the	the	DET
fbem-18291	23	4	investment	investment	NOUN
fbem-18291	23	5	and	and	CCONJ
fbem-18291	23	6	financing	financing	NOUN
fbem-18291	23	7	of	of	ADP
fbem-18291	23	8	fintech	fintech	NOUN
fbem-18291	23	9	projects	project	NOUN
fbem-18291	23	10	in	in	ADP
fbem-18291	23	11	2019	2019	NUM
fbem-18291	23	12	was	be	AUX
fbem-18291	23	13	$	$	SYM
fbem-18291	23	14	153.3	153.3	NUM
fbem-18291	23	15	billion	billion	NUM
fbem-18291	23	16	,	,	PUNCT
fbem-18291	23	17	nearly	nearly	ADV
fbem-18291	23	18	10	10	NUM
fbem-18291	23	19	times	time	NOUN
fbem-18291	23	20	more	more	ADJ
fbem-18291	23	21	than	than	ADP
fbem-18291	23	22	the	the	DET
fbem-18291	23	23	total	total	ADJ
fbem-18291	23	24	investment	investment	NOUN
fbem-18291	23	25	of	of	ADP
fbem-18291	23	26	$	$	SYM
fbem-18291	23	27	18.9	18.9	NUM
fbem-18291	23	28	billion	billion	NUM
fbem-18291	23	29	in	in	ADP
fbem-18291	23	30	201	201	NUM
fbem-18291	23	31	.	.	PUNCT
fbem-18291	24	1	the	the	DET
fbem-18291	24	2	surge	surge	NOUN
fbem-18291	24	3	in	in	ADP
fbem-18291	24	4	financing	financing	NOUN
fbem-18291	24	5	and	and	CCONJ
fbem-18291	24	6	the	the	DET
fbem-18291	24	7	high	high	ADJ
fbem-18291	24	8	level	level	NOUN
fbem-18291	24	9	of	of	ADP
fbem-18291	24	10	fintech	fintech	NOUN
fbem-18291	24	11	market	market	NOUN
fbem-18291	24	12	heat	heat	NOUN
fbem-18291	24	13	signals	signal	VERB
fbem-18291	24	14	the	the	DET
fbem-18291	24	15	flourishing	flourish	VERB
fbem-18291	24	16	development	development	NOUN
fbem-18291	24	17	of	of	ADP
fbem-18291	24	18	fintech	fintech	NOUN
fbem-18291	24	19	enterprises	enterprise	NOUN
fbem-18291	24	20	,	,	PUNCT
fbem-18291	24	21	but	but	CCONJ
fbem-18291	24	22	simultaneously	simultaneously	ADV
fbem-18291	24	23	,	,	PUNCT
fbem-18291	24	24	commercial	commercial	ADJ
fbem-18291	24	25	banks	bank	NOUN
fbem-18291	24	26	need	need	VERB
fbem-18291	24	27	to	to	PART
fbem-18291	24	28	deal	deal	VERB
fbem-18291	24	29	with	with	ADP
fbem-18291	24	30	more	more	ADV
fbem-18291	24	31	intense	intense	ADJ
fbem-18291	24	32	competition	competition	NOUN
fbem-18291	24	33	.	.	PUNCT
fbem-18291	25	1	283	283	NUM
fbem-18291	25	2	for	for	ADP
fbem-18291	25	3	example	example	NOUN
fbem-18291	25	4	,	,	PUNCT
fbem-18291	25	5	due	due	ADP
fbem-18291	25	6	to	to	ADP
fbem-18291	25	7	the	the	DET
fbem-18291	25	8	large	large	ADJ
fbem-18291	25	9	amount	amount	NOUN
fbem-18291	25	10	of	of	ADP
fbem-18291	25	11	national	national	ADJ
fbem-18291	25	12	capital	capital	NOUN
fbem-18291	25	13	hoarding	hoard	VERB
fbem-18291	25	14	in	in	ADP
fbem-18291	25	15	high	high	ADJ
fbem-18291	25	16	-	-	PUNCT
fbem-18291	25	17	interest	interest	NOUN
fbem-18291	25	18	rate	rate	NOUN
fbem-18291	25	19	,	,	PUNCT
fbem-18291	25	20	diversified	diversify	VERB
fbem-18291	25	21	fintech	fintech	NOUN
fbem-18291	25	22	products	product	NOUN
fbem-18291	25	23	are	be	AUX
fbem-18291	25	24	seriously	seriously	ADV
fbem-18291	25	25	affecting	affect	VERB
fbem-18291	25	26	the	the	DET
fbem-18291	25	27	credit	credit	NOUN
fbem-18291	25	28	business	business	NOUN
fbem-18291	25	29	of	of	ADP
fbem-18291	25	30	commercial	commercial	ADJ
fbem-18291	25	31	banks	bank	NOUN
fbem-18291	25	32	,	,	PUNCT
fbem-18291	25	33	this	this	PRON
fbem-18291	25	34	means	mean	VERB
fbem-18291	25	35	that	that	SCONJ
fbem-18291	25	36	commercial	commercial	ADJ
fbem-18291	25	37	banks	bank	NOUN
fbem-18291	25	38	are	be	AUX
fbem-18291	25	39	not	not	PART
fbem-18291	25	40	only	only	ADV
fbem-18291	25	41	unable	unable	ADJ
fbem-18291	25	42	to	to	PART
fbem-18291	25	43	increase	increase	VERB
fbem-18291	25	44	their	their	PRON
fbem-18291	25	45	own	own	ADJ
fbem-18291	25	46	liquidity	liquidity	NOUN
fbem-18291	25	47	by	by	ADP
fbem-18291	25	48	expanding	expand	VERB
fbem-18291	25	49	deposit	deposit	NOUN
fbem-18291	25	50	absorption	absorption	NOUN
fbem-18291	25	51	and	and	CCONJ
fbem-18291	25	52	wealth	wealth	NOUN
fbem-18291	25	53	management	management	NOUN
fbem-18291	25	54	income	income	NOUN
fbem-18291	25	55	,	,	PUNCT
fbem-18291	25	56	but	but	CCONJ
fbem-18291	25	57	will	will	AUX
fbem-18291	25	58	instead	instead	ADV
fbem-18291	25	59	lose	lose	VERB
fbem-18291	25	60	some	some	PRON
fbem-18291	25	61	of	of	ADP
fbem-18291	25	62	their	their	PRON
fbem-18291	25	63	customers	customer	NOUN
fbem-18291	25	64	’	’	PART
fbem-18291	25	65	funds	fund	NOUN
fbem-18291	25	66	due	due	ADJ
fbem-18291	25	67	to	to	ADP
fbem-18291	25	68	the	the	DET
fbem-18291	25	69	high	high	ADJ
fbem-18291	25	70	attractiveness	attractiveness	NOUN
fbem-18291	25	71	of	of	ADP
fbem-18291	25	72	fintech	fintech	NOUN
fbem-18291	25	73	products	product	NOUN
fbem-18291	25	74	,	,	PUNCT
fbem-18291	25	75	ultimately	ultimately	ADV
fbem-18291	25	76	leading	lead	VERB
fbem-18291	25	77	to	to	ADP
fbem-18291	25	78	a	a	DET
fbem-18291	25	79	lack	lack	NOUN
fbem-18291	25	80	of	of	ADP
fbem-18291	25	81	liquidity[3	liquidity[3	NOUN
fbem-18291	25	82	]	]	PUNCT
fbem-18291	25	83	.	.	PUNCT
fbem-18291	26	1	if	if	SCONJ
fbem-18291	26	2	a	a	DET
fbem-18291	26	3	bank	bank	NOUN
fbem-18291	26	4	is	be	AUX
fbem-18291	26	5	severely	severely	ADV
fbem-18291	26	6	illiquid	illiquid	ADJ
fbem-18291	26	7	,	,	PUNCT
fbem-18291	26	8	it	it	PRON
fbem-18291	26	9	can	can	AUX
fbem-18291	26	10	fall	fall	VERB
fbem-18291	26	11	into	into	ADP
fbem-18291	26	12	insolvency	insolvency	NOUN
fbem-18291	26	13	,	,	PUNCT
fbem-18291	26	14	or	or	CCONJ
fbem-18291	26	15	worse	bad	ADJ
fbem-18291	26	16	,	,	PUNCT
fbem-18291	26	17	financial	financial	ADJ
fbem-18291	26	18	risk	risk	NOUN
fbem-18291	26	19	,	,	PUNCT
fbem-18291	26	20	as	as	ADP
fbem-18291	26	21	china	china	PROPN
fbem-18291	26	22	,	,	PUNCT
fbem-18291	26	23	the	the	DET
fbem-18291	26	24	subject	subject	NOUN
fbem-18291	26	25	of	of	ADP
fbem-18291	26	26	this	this	DET
fbem-18291	26	27	essay	essay	NOUN
fbem-18291	26	28	,	,	PUNCT
fbem-18291	26	29	experienced	experience	VERB
fbem-18291	26	30	in	in	ADP
fbem-18291	26	31	2013	2013	NUM
fbem-18291	26	32	.	.	PUNCT
fbem-18291	27	1	there	there	PRON
fbem-18291	27	2	is	be	VERB
fbem-18291	27	3	a	a	DET
fbem-18291	27	4	large	large	ADJ
fbem-18291	27	5	amount	amount	NOUN
fbem-18291	27	6	of	of	ADP
fbem-18291	27	7	hidden	hidden	ADJ
fbem-18291	27	8	debt	debt	NOUN
fbem-18291	27	9	in	in	ADP
fbem-18291	27	10	china	china	PROPN
fbem-18291	27	11	’s	’s	PART
fbem-18291	27	12	commercial	commercial	ADJ
fbem-18291	27	13	banking	banking	NOUN
fbem-18291	27	14	system	system	NOUN
fbem-18291	27	15	in	in	ADP
fbem-18291	27	16	the	the	DET
fbem-18291	27	17	face	face	NOUN
fbem-18291	27	18	of	of	ADP
fbem-18291	27	19	slowing	slow	VERB
fbem-18291	27	20	economic	economic	ADJ
fbem-18291	27	21	growth	growth	NOUN
fbem-18291	27	22	and	and	CCONJ
fbem-18291	27	23	financial	financial	ADJ
fbem-18291	27	24	system	system	NOUN
fbem-18291	27	25	instability	instability	NOUN
fbem-18291	27	26	.	.	PUNCT
fbem-18291	28	1	informal	informal	ADJ
fbem-18291	28	2	financing	financing	NOUN
fbem-18291	28	3	channels	channel	NOUN
fbem-18291	28	4	,	,	PUNCT
fbem-18291	28	5	represented	represent	VERB
fbem-18291	28	6	by	by	ADP
fbem-18291	28	7	‘	'	PUNCT
fbem-18291	28	8	shadow	shadow	NOUN
fbem-18291	28	9	’	'	PUNCT
fbem-18291	28	10	banks	bank	NOUN
fbem-18291	28	11	,	,	PUNCT
fbem-18291	28	12	blossomed	blossom	VERB
fbem-18291	28	13	as	as	ADP
fbem-18291	28	14	fintech	fintech	NOUN
fbem-18291	28	15	products	product	NOUN
fbem-18291	28	16	.	.	PUNCT
fbem-18291	29	1	as	as	ADP
fbem-18291	29	2	a	a	DET
fbem-18291	29	3	result	result	NOUN
fbem-18291	29	4	of	of	ADP
fbem-18291	29	5	the	the	DET
fbem-18291	29	6	absorption	absorption	NOUN
fbem-18291	29	7	of	of	ADP
fbem-18291	29	8	large	large	ADJ
fbem-18291	29	9	amounts	amount	NOUN
fbem-18291	29	10	of	of	ADP
fbem-18291	29	11	short	short	ADJ
fbem-18291	29	12	-	-	PUNCT
fbem-18291	29	13	term	term	NOUN
fbem-18291	29	14	funds	fund	NOUN
fbem-18291	29	15	,	,	PUNCT
fbem-18291	29	16	the	the	DET
fbem-18291	29	17	demand	demand	NOUN
fbem-18291	29	18	for	for	ADP
fbem-18291	29	19	credit	credit	NOUN
fbem-18291	29	20	in	in	ADP
fbem-18291	29	21	the	the	DET
fbem-18291	29	22	financial	financial	ADJ
fbem-18291	29	23	system	system	NOUN
fbem-18291	29	24	increased	increase	VERB
fbem-18291	29	25	dramatically	dramatically	ADV
fbem-18291	29	26	,	,	PUNCT
fbem-18291	29	27	to	to	ADP
fbem-18291	29	28	the	the	DET
fbem-18291	29	29	point	point	NOUN
fbem-18291	29	30	where	where	SCONJ
fbem-18291	29	31	the	the	DET
fbem-18291	29	32	seven	seven	NUM
fbem-18291	29	33	-	-	PUNCT
fbem-18291	29	34	day	day	NOUN
fbem-18291	29	35	repo	repo	NOUN
fbem-18291	29	36	rate	rate	NOUN
fbem-18291	29	37	surged	surge	VERB
fbem-18291	29	38	by	by	ADP
fbem-18291	29	39	nearly	nearly	ADV
fbem-18291	29	40	12	12	NUM
fbem-18291	29	41	percent	percent	NOUN
fbem-18291	29	42	on	on	ADP
fbem-18291	29	43	june	june	PROPN
fbem-18291	29	44	20	20	NUM
fbem-18291	29	45	,	,	PUNCT
fbem-18291	29	46	2013	2013	NUM
fbem-18291	29	47	,	,	PUNCT
fbem-18291	29	48	the	the	DET
fbem-18291	29	49	highest	high	ADJ
fbem-18291	29	50	in	in	ADP
fbem-18291	29	51	history	history	NOUN
fbem-18291	29	52	(	(	PUNCT
fbem-18291	29	53	www.ceicdata.com	www.ceicdata.com	NOUN
fbem-18291	29	54	,	,	PUNCT
fbem-18291	29	55	2023	2023	NUM
fbem-18291	29	56	)	)	PUNCT
fbem-18291	29	57	.	.	PUNCT
fbem-18291	30	1	during	during	ADP
fbem-18291	30	2	the	the	DET
fbem-18291	30	3	same	same	ADJ
fbem-18291	30	4	period	period	NOUN
fbem-18291	30	5	,	,	PUNCT
fbem-18291	30	6	the	the	DET
fbem-18291	30	7	central	central	ADJ
fbem-18291	30	8	bank	bank	PROPN
fbem-18291	30	9	of	of	ADP
fbem-18291	30	10	china	china	PROPN
fbem-18291	30	11	was	be	AUX
fbem-18291	30	12	also	also	ADV
fbem-18291	30	13	pursuing	pursue	VERB
fbem-18291	30	14	a	a	DET
fbem-18291	30	15	deflationary	deflationary	ADJ
fbem-18291	30	16	policy	policy	NOUN
fbem-18291	30	17	,	,	PUNCT
fbem-18291	30	18	a	a	DET
fbem-18291	30	19	series	series	NOUN
fbem-18291	30	20	of	of	ADP
fbem-18291	30	21	reasons	reason	NOUN
fbem-18291	30	22	that	that	PRON
fbem-18291	30	23	led	lead	VERB
fbem-18291	30	24	to	to	ADP
fbem-18291	30	25	a	a	DET
fbem-18291	30	26	liquidity	liquidity	NOUN
fbem-18291	30	27	crunch	crunch	NOUN
fbem-18291	30	28	in	in	ADP
fbem-18291	30	29	china	china	PROPN
fbem-18291	30	30	’s	’s	PART
fbem-18291	30	31	commercial	commercial	ADJ
fbem-18291	30	32	banks	bank	NOUN
fbem-18291	30	33	and	and	CCONJ
fbem-18291	30	34	an	an	DET
fbem-18291	30	35	impact	impact	NOUN
fbem-18291	30	36	on	on	ADP
fbem-18291	30	37	the	the	DET
fbem-18291	30	38	country	country	NOUN
fbem-18291	30	39	’s	’s	PART
fbem-18291	30	40	economy[4	economy[4	NOUN
fbem-18291	30	41	]	]	PUNCT
fbem-18291	30	42	in	in	ADP
fbem-18291	30	43	view	view	NOUN
fbem-18291	30	44	of	of	ADP
fbem-18291	30	45	the	the	DET
fbem-18291	30	46	stage	stage	NOUN
fbem-18291	30	47	-	-	PUNCT
fbem-18291	30	48	by	by	ADP
fbem-18291	30	49	-	-	PUNCT
fbem-18291	30	50	stage	stage	NOUN
fbem-18291	30	51	impact	impact	NOUN
fbem-18291	30	52	brought	bring	VERB
fbem-18291	30	53	by	by	ADP
fbem-18291	30	54	fintech	fintech	NOUN
fbem-18291	30	55	to	to	ADP
fbem-18291	30	56	china	china	PROPN
fbem-18291	30	57	,	,	PUNCT
fbem-18291	30	58	and	and	CCONJ
fbem-18291	30	59	the	the	DET
fbem-18291	30	60	fast	fast	ADV
fbem-18291	30	61	-	-	PUNCT
fbem-18291	30	62	changing	change	VERB
fbem-18291	30	63	fintech	fintech	NOUN
fbem-18291	30	64	in	in	ADP
fbem-18291	30	65	today	today	NOUN
fbem-18291	30	66	’s	’s	PART
fbem-18291	30	67	world	world	NOUN
fbem-18291	30	68	,	,	PUNCT
fbem-18291	30	69	this	this	DET
fbem-18291	30	70	research	research	NOUN
fbem-18291	30	71	will	will	AUX
fbem-18291	30	72	delve	delve	VERB
fbem-18291	30	73	into	into	ADP
fbem-18291	30	74	the	the	DET
fbem-18291	30	75	mechanism	mechanism	NOUN
fbem-18291	30	76	and	and	CCONJ
fbem-18291	30	77	extent	extent	NOUN
fbem-18291	30	78	of	of	ADP
fbem-18291	30	79	fintech	fintech	NOUN
fbem-18291	30	80	’s	’s	PART
fbem-18291	30	81	impact	impact	NOUN
fbem-18291	30	82	on	on	ADP
fbem-18291	30	83	the	the	DET
fbem-18291	30	84	liquidity	liquidity	NOUN
fbem-18291	30	85	of	of	ADP
fbem-18291	30	86	commercial	commercial	ADJ
fbem-18291	30	87	banks	bank	NOUN
fbem-18291	30	88	.	.	PUNCT
fbem-18291	31	1	it	it	PRON
fbem-18291	31	2	will	will	AUX
fbem-18291	31	3	summarise	summarise	VERB
fbem-18291	31	4	how	how	SCONJ
fbem-18291	31	5	to	to	PART
fbem-18291	31	6	promote	promote	VERB
fbem-18291	31	7	the	the	DET
fbem-18291	31	8	interconnection	interconnection	NOUN
fbem-18291	31	9	between	between	ADP
fbem-18291	31	10	fintech	fintech	NOUN
fbem-18291	31	11	and	and	CCONJ
fbem-18291	31	12	commercial	commercial	ADJ
fbem-18291	31	13	banks	bank	NOUN
fbem-18291	31	14	,	,	PUNCT
fbem-18291	31	15	analyse	analyse	VERB
fbem-18291	31	16	how	how	SCONJ
fbem-18291	31	17	to	to	PART
fbem-18291	31	18	make	make	VERB
fbem-18291	31	19	fintech	fintech	NOUN
fbem-18291	31	20	better	well	ADV
fbem-18291	31	21	serve	serve	VERB
fbem-18291	31	22	commercial	commercial	ADJ
fbem-18291	31	23	banks	bank	NOUN
fbem-18291	31	24	,	,	PUNCT
fbem-18291	31	25	and	and	CCONJ
fbem-18291	31	26	assist	assist	VERB
fbem-18291	31	27	banks	bank	NOUN
fbem-18291	31	28	in	in	ADP
fbem-18291	31	29	avoiding	avoid	VERB
fbem-18291	31	30	risks	risk	NOUN
fbem-18291	31	31	and	and	CCONJ
fbem-18291	31	32	enhancing	enhance	VERB
fbem-18291	31	33	their	their	PRON
fbem-18291	31	34	competitiveness	competitiveness	NOUN
fbem-18291	31	35	in	in	ADP
fbem-18291	31	36	accordance	accordance	NOUN
fbem-18291	31	37	with	with	ADP
fbem-18291	31	38	the	the	DET
fbem-18291	31	39	theory	theory	NOUN
fbem-18291	31	40	of	of	ADP
fbem-18291	31	41	liquidity	liquidity	NOUN
fbem-18291	31	42	creation[5	creation[5	PROPN
fbem-18291	31	43	]	]	PUNCT
fbem-18291	31	44	.	.	PUNCT
fbem-18291	32	1	the	the	DET
fbem-18291	32	2	structure	structure	NOUN
fbem-18291	32	3	of	of	ADP
fbem-18291	32	4	the	the	DET
fbem-18291	32	5	article	article	NOUN
fbem-18291	32	6	is	be	AUX
fbem-18291	32	7	as	as	SCONJ
fbem-18291	32	8	follows	follow	VERB
fbem-18291	32	9	.	.	PUNCT
fbem-18291	33	1	in	in	ADP
fbem-18291	33	2	chapter	chapter	NOUN
fbem-18291	33	3	1	1	NUM
fbem-18291	33	4	,	,	PUNCT
fbem-18291	33	5	the	the	DET
fbem-18291	33	6	background	background	NOUN
fbem-18291	33	7	and	and	CCONJ
fbem-18291	33	8	significance	significance	NOUN
fbem-18291	33	9	of	of	ADP
fbem-18291	33	10	the	the	DET
fbem-18291	33	11	selected	select	VERB
fbem-18291	33	12	topic	topic	NOUN
fbem-18291	33	13	is	be	AUX
fbem-18291	33	14	introduced	introduce	VERB
fbem-18291	33	15	.	.	PUNCT
fbem-18291	34	1	the	the	DET
fbem-18291	34	2	current	current	ADJ
fbem-18291	34	3	changes	change	NOUN
fbem-18291	34	4	that	that	PRON
fbem-18291	34	5	fintech	fintech	NOUN
fbem-18291	34	6	has	have	AUX
fbem-18291	34	7	brought	bring	VERB
fbem-18291	34	8	to	to	ADP
fbem-18291	34	9	the	the	DET
fbem-18291	34	10	world	world	NOUN
fbem-18291	34	11	and	and	CCONJ
fbem-18291	34	12	the	the	DET
fbem-18291	34	13	innovations	innovation	NOUN
fbem-18291	34	14	and	and	CCONJ
fbem-18291	34	15	challenges	challenge	NOUN
fbem-18291	34	16	for	for	ADP
fbem-18291	34	17	commercial	commercial	ADJ
fbem-18291	34	18	banks	bank	NOUN
fbem-18291	34	19	are	be	AUX
fbem-18291	34	20	presented	present	VERB
fbem-18291	34	21	.	.	PUNCT
fbem-18291	35	1	it	it	PRON
fbem-18291	35	2	also	also	ADV
fbem-18291	35	3	covers	cover	VERB
fbem-18291	35	4	the	the	DET
fbem-18291	35	5	relationship	relationship	NOUN
fbem-18291	35	6	between	between	ADP
fbem-18291	35	7	fintech	fintech	NOUN
fbem-18291	35	8	and	and	CCONJ
fbem-18291	35	9	commercial	commercial	ADJ
fbem-18291	35	10	bank	bank	NOUN
fbem-18291	35	11	liquidity	liquidity	NOUN
fbem-18291	35	12	.	.	PUNCT
fbem-18291	36	1	chapter	chapter	NOUN
fbem-18291	36	2	2	2	NUM
fbem-18291	36	3	comprises	comprise	VERB
fbem-18291	36	4	the	the	DET
fbem-18291	36	5	literature	literature	PROPN
fbem-18291	36	6	review	review	NOUN
fbem-18291	36	7	.	.	PUNCT
fbem-18291	37	1	firstly	firstly	ADV
fbem-18291	37	2	,	,	PUNCT
fbem-18291	37	3	it	it	PRON
fbem-18291	37	4	will	will	AUX
fbem-18291	37	5	present	present	VERB
fbem-18291	37	6	the	the	DET
fbem-18291	37	7	specific	specific	ADJ
fbem-18291	37	8	definition	definition	NOUN
fbem-18291	37	9	and	and	CCONJ
fbem-18291	37	10	development	development	NOUN
fbem-18291	37	11	of	of	ADP
fbem-18291	37	12	fintech	fintech	NOUN
fbem-18291	37	13	,	,	PUNCT
fbem-18291	37	14	then	then	ADV
fbem-18291	37	15	introduce	introduce	VERB
fbem-18291	37	16	the	the	DET
fbem-18291	37	17	knowledge	knowledge	NOUN
fbem-18291	37	18	related	relate	VERB
fbem-18291	37	19	to	to	ADP
fbem-18291	37	20	commercial	commercial	ADJ
fbem-18291	37	21	bank	bank	NOUN
fbem-18291	37	22	liquidity	liquidity	NOUN
fbem-18291	37	23	,	,	PUNCT
fbem-18291	37	24	and	and	CCONJ
fbem-18291	37	25	finally	finally	ADV
fbem-18291	37	26	,	,	PUNCT
fbem-18291	37	27	examine	examine	VERB
fbem-18291	37	28	how	how	SCONJ
fbem-18291	37	29	fintech	fintech	NOUN
fbem-18291	37	30	is	be	AUX
fbem-18291	37	31	affecting	affect	VERB
fbem-18291	37	32	commercial	commercial	ADJ
fbem-18291	37	33	banks	bank	NOUN
fbem-18291	37	34	today	today	NOUN
fbem-18291	37	35	.	.	PUNCT
fbem-18291	38	1	for	for	ADP
fbem-18291	38	2	example	example	NOUN
fbem-18291	38	3	,	,	PUNCT
fbem-18291	38	4	it	it	PRON
fbem-18291	38	5	will	will	AUX
fbem-18291	38	6	outline	outline	VERB
fbem-18291	38	7	which	which	PRON
fbem-18291	38	8	businesses	business	NOUN
fbem-18291	38	9	of	of	ADP
fbem-18291	38	10	commercial	commercial	ADJ
fbem-18291	38	11	banks	bank	NOUN
fbem-18291	38	12	have	have	AUX
fbem-18291	38	13	been	be	AUX
fbem-18291	38	14	affected	affect	VERB
fbem-18291	38	15	by	by	ADP
fbem-18291	38	16	fintech	fintech	NOUN
fbem-18291	38	17	,	,	PUNCT
fbem-18291	38	18	identify	identify	VERB
fbem-18291	38	19	the	the	DET
fbem-18291	38	20	benefits	benefit	NOUN
fbem-18291	38	21	and	and	CCONJ
fbem-18291	38	22	challenges	challenge	NOUN
fbem-18291	38	23	that	that	PRON
fbem-18291	38	24	fintech	fintech	NOUN
fbem-18291	38	25	has	have	AUX
fbem-18291	38	26	brought	bring	VERB
fbem-18291	38	27	to	to	ADP
fbem-18291	38	28	the	the	DET
fbem-18291	38	29	subject	subject	NOUN
fbem-18291	38	30	of	of	ADP
fbem-18291	38	31	this	this	DET
fbem-18291	38	32	essay	essay	NOUN
fbem-18291	38	33	(	(	PUNCT
fbem-18291	38	34	china	china	PROPN
fbem-18291	38	35	)	)	PUNCT
fbem-18291	38	36	and	and	CCONJ
fbem-18291	38	37	the	the	DET
fbem-18291	38	38	necessity	necessity	NOUN
fbem-18291	38	39	of	of	ADP
fbem-18291	38	40	combining	combine	VERB
fbem-18291	38	41	fintech	fintech	NOUN
fbem-18291	38	42	with	with	ADP
fbem-18291	38	43	commercial	commercial	ADJ
fbem-18291	38	44	banks	bank	NOUN
fbem-18291	38	45	,	,	PUNCT
fbem-18291	38	46	and	and	CCONJ
fbem-18291	38	47	finally	finally	ADV
fbem-18291	38	48	propose	propose	VERB
fbem-18291	38	49	the	the	DET
fbem-18291	38	50	hypothesis	hypothesis	NOUN
fbem-18291	38	51	.	.	PUNCT
fbem-18291	39	1	in	in	ADP
fbem-18291	39	2	chapter	chapter	NOUN
fbem-18291	39	3	3	3	NUM
fbem-18291	39	4	,	,	PUNCT
fbem-18291	39	5	the	the	DET
fbem-18291	39	6	primary	primary	ADJ
fbem-18291	39	7	data	datum	NOUN
fbem-18291	39	8	of	of	ADP
fbem-18291	39	9	commercial	commercial	ADJ
fbem-18291	39	10	banks	bank	NOUN
fbem-18291	39	11	required	require	VERB
fbem-18291	39	12	for	for	ADP
fbem-18291	39	13	the	the	DET
fbem-18291	39	14	article	article	NOUN
fbem-18291	39	15	are	be	AUX
fbem-18291	39	16	collected	collect	VERB
fbem-18291	39	17	through	through	ADP
fbem-18291	39	18	financial	financial	ADJ
fbem-18291	39	19	terminals	terminal	NOUN
fbem-18291	39	20	and	and	CCONJ
fbem-18291	39	21	information	information	NOUN
fbem-18291	39	22	data	datum	NOUN
fbem-18291	39	23	on	on	ADP
fbem-18291	39	24	the	the	DET
fbem-18291	39	25	official	official	ADJ
fbem-18291	39	26	website	website	NOUN
fbem-18291	39	27	of	of	ADP
fbem-18291	39	28	commercial	commercial	ADJ
fbem-18291	39	29	banks	bank	NOUN
fbem-18291	39	30	and	and	CCONJ
fbem-18291	39	31	presented	present	VERB
fbem-18291	39	32	using	use	VERB
fbem-18291	39	33	figures	figure	NOUN
fbem-18291	39	34	and	and	CCONJ
fbem-18291	39	35	tables	table	NOUN
fbem-18291	39	36	.	.	PUNCT
fbem-18291	40	1	the	the	DET
fbem-18291	40	2	reasons	reason	NOUN
fbem-18291	40	3	and	and	CCONJ
fbem-18291	40	4	rationality	rationality	NOUN
fbem-18291	40	5	of	of	ADP
fbem-18291	40	6	selecting	select	VERB
fbem-18291	40	7	the	the	DET
fbem-18291	40	8	explained	explain	VERB
fbem-18291	40	9	,	,	PUNCT
fbem-18291	40	10	explanatory	explanatory	ADJ
fbem-18291	40	11	,	,	PUNCT
fbem-18291	40	12	and	and	CCONJ
fbem-18291	40	13	related	related	ADJ
fbem-18291	40	14	control	control	NOUN
fbem-18291	40	15	variables	variable	NOUN
fbem-18291	40	16	are	be	AUX
fbem-18291	40	17	explained	explain	VERB
fbem-18291	40	18	.	.	PUNCT
fbem-18291	41	1	the	the	DET
fbem-18291	41	2	necessary	necessary	ADJ
fbem-18291	41	3	fintech	fintech	NOUN
fbem-18291	41	4	index	index	NOUN
fbem-18291	41	5	is	be	AUX
fbem-18291	41	6	obtained	obtain	VERB
fbem-18291	41	7	through	through	ADP
fbem-18291	41	8	the	the	DET
fbem-18291	41	9	digital	digital	ADJ
fbem-18291	41	10	finance	finance	NOUN
fbem-18291	41	11	research	research	NOUN
fbem-18291	41	12	centre	centre	NOUN
fbem-18291	41	13	of	of	ADP
fbem-18291	41	14	peking	peking	PROPN
fbem-18291	41	15	university	university	PROPN
fbem-18291	41	16	.	.	PUNCT
fbem-18291	42	1	chapter	chapter	NOUN
fbem-18291	42	2	4	4	NUM
fbem-18291	42	3	presents	present	VERB
fbem-18291	42	4	the	the	DET
fbem-18291	42	5	methodology	methodology	NOUN
fbem-18291	42	6	where	where	SCONJ
fbem-18291	42	7	the	the	DET
fbem-18291	42	8	appropriate	appropriate	ADJ
fbem-18291	42	9	model	model	NOUN
fbem-18291	42	10	from	from	ADP
fbem-18291	42	11	the	the	DET
fbem-18291	42	12	mixed	mixed	ADJ
fbem-18291	42	13	ols	ol	NOUN
fbem-18291	42	14	,	,	PUNCT
fbem-18291	42	15	fixed	fix	VERB
fbem-18291	42	16	effects	effect	NOUN
fbem-18291	42	17	,	,	PUNCT
fbem-18291	42	18	and	and	CCONJ
fbem-18291	42	19	random	random	ADJ
fbem-18291	42	20	effects	effect	NOUN
fbem-18291	42	21	models	model	NOUN
fbem-18291	42	22	are	be	AUX
fbem-18291	42	23	selected	select	VERB
fbem-18291	42	24	through	through	ADP
fbem-18291	42	25	f	f	NOUN
fbem-18291	42	26	-	-	PUNCT
fbem-18291	42	27	test	test	NOUN
fbem-18291	42	28	,	,	PUNCT
fbem-18291	42	29	lm	lm	NOUN
fbem-18291	42	30	-	-	NOUN
fbem-18291	42	31	test	test	NOUN
fbem-18291	42	32	,	,	PUNCT
fbem-18291	42	33	and	and	CCONJ
fbem-18291	42	34	hausman	hausman	ADJ
fbem-18291	42	35	test	test	NOUN
fbem-18291	42	36	.	.	PUNCT
fbem-18291	43	1	it	it	PRON
fbem-18291	43	2	will	will	AUX
fbem-18291	43	3	also	also	ADV
fbem-18291	43	4	outline	outline	VERB
fbem-18291	43	5	the	the	DET
fbem-18291	43	6	formulas	formula	NOUN
fbem-18291	43	7	required	require	VERB
fbem-18291	43	8	for	for	ADP
fbem-18291	43	9	mediation	mediation	NOUN
fbem-18291	43	10	effects	effect	NOUN
fbem-18291	43	11	and	and	CCONJ
fbem-18291	43	12	heterogeneity	heterogeneity	NOUN
fbem-18291	43	13	analysis	analysis	NOUN
fbem-18291	43	14	to	to	PART
fbem-18291	43	15	prepare	prepare	VERB
fbem-18291	43	16	for	for	ADP
fbem-18291	43	17	subsequent	subsequent	ADJ
fbem-18291	43	18	analyses[6	analyses[6	PROPN
fbem-18291	43	19	]	]	PUNCT
fbem-18291	43	20	.	.	PUNCT
fbem-18291	44	1	chapter	chapter	NOUN
fbem-18291	44	2	5	5	NUM
fbem-18291	44	3	presents	present	VERB
fbem-18291	44	4	the	the	DET
fbem-18291	44	5	empirical	empirical	ADJ
fbem-18291	44	6	analysis	analysis	NOUN
fbem-18291	44	7	which	which	PRON
fbem-18291	44	8	will	will	AUX
fbem-18291	44	9	evaluate	evaluate	VERB
fbem-18291	44	10	the	the	DET
fbem-18291	44	11	impact	impact	NOUN
fbem-18291	44	12	of	of	ADP
fbem-18291	44	13	fintech	fintech	NOUN
fbem-18291	44	14	on	on	ADP
fbem-18291	44	15	the	the	DET
fbem-18291	44	16	liquidity	liquidity	NOUN
fbem-18291	44	17	of	of	ADP
fbem-18291	44	18	chinese	chinese	ADJ
fbem-18291	44	19	commercial	commercial	ADJ
fbem-18291	44	20	banks	bank	NOUN
fbem-18291	44	21	through	through	ADP
fbem-18291	44	22	the	the	DET
fbem-18291	44	23	fixed	fixed	ADJ
fbem-18291	44	24	effect	effect	NOUN
fbem-18291	44	25	model	model	NOUN
fbem-18291	44	26	,	,	PUNCT
fbem-18291	44	27	analyse	analyse	VERB
fbem-18291	44	28	the	the	DET
fbem-18291	44	29	conduction	conduction	NOUN
fbem-18291	44	30	path	path	NOUN
fbem-18291	44	31	of	of	ADP
fbem-18291	44	32	the	the	DET
fbem-18291	44	33	impact	impact	NOUN
fbem-18291	44	34	of	of	ADP
fbem-18291	44	35	fintech	fintech	NOUN
fbem-18291	44	36	by	by	ADP
fbem-18291	44	37	using	use	VERB
fbem-18291	44	38	the	the	DET
fbem-18291	44	39	mediation	mediation	NOUN
fbem-18291	44	40	effect	effect	NOUN
fbem-18291	44	41	model	model	NOUN
fbem-18291	44	42	,	,	PUNCT
fbem-18291	44	43	and	and	CCONJ
fbem-18291	44	44	finally	finally	ADV
fbem-18291	44	45	conduct	conduct	VERB
fbem-18291	44	46	heterogeneity	heterogeneity	NOUN
fbem-18291	44	47	analysis	analysis	NOUN
fbem-18291	44	48	to	to	PART
fbem-18291	44	49	understand	understand	VERB
fbem-18291	44	50	the	the	DET
fbem-18291	44	51	various	various	ADJ
fbem-18291	44	52	responses	response	NOUN
fbem-18291	44	53	of	of	ADP
fbem-18291	44	54	the	the	DET
fbem-18291	44	55	liquidity	liquidity	NOUN
fbem-18291	44	56	of	of	ADP
fbem-18291	44	57	commercial	commercial	ADJ
fbem-18291	44	58	banks	bank	NOUN
fbem-18291	44	59	of	of	ADP
fbem-18291	44	60	different	different	ADJ
fbem-18291	44	61	natures	nature	NOUN
fbem-18291	44	62	and	and	CCONJ
fbem-18291	44	63	north	north	ADJ
fbem-18291	44	64	and	and	CCONJ
fbem-18291	44	65	south	south	ADJ
fbem-18291	44	66	regions	region	NOUN
fbem-18291	44	67	to	to	ADP
fbem-18291	44	68	the	the	DET
fbem-18291	44	69	development	development	NOUN
fbem-18291	44	70	of	of	ADP
fbem-18291	44	71	fintech	fintech	NOUN
fbem-18291	44	72	.	.	PUNCT
fbem-18291	45	1	chapter	chapter	NOUN
fbem-18291	45	2	6	6	NUM
fbem-18291	45	3	presents	present	VERB
fbem-18291	45	4	the	the	DET
fbem-18291	45	5	conclusion	conclusion	NOUN
fbem-18291	45	6	and	and	CCONJ
fbem-18291	45	7	recommendations	recommendation	NOUN
fbem-18291	45	8	.	.	PUNCT
fbem-18291	46	1	through	through	ADP
fbem-18291	46	2	theoretical	theoretical	ADJ
fbem-18291	46	3	and	and	CCONJ
fbem-18291	46	4	empirical	empirical	ADJ
fbem-18291	46	5	analyses	analysis	NOUN
fbem-18291	46	6	,	,	PUNCT
fbem-18291	46	7	relevant	relevant	ADJ
fbem-18291	46	8	conclusions	conclusion	NOUN
fbem-18291	46	9	are	be	AUX
fbem-18291	46	10	drawn	draw	VERB
fbem-18291	46	11	,	,	PUNCT
fbem-18291	46	12	and	and	CCONJ
fbem-18291	46	13	targeted	target	VERB
fbem-18291	46	14	response	response	NOUN
fbem-18291	46	15	measures	measure	NOUN
fbem-18291	46	16	are	be	AUX
fbem-18291	46	17	proposed	propose	VERB
fbem-18291	46	18	[	[	X
fbem-18291	46	19	7	7	NUM
fbem-18291	46	20	]	]	PUNCT
fbem-18291	46	21	.	.	PUNCT
fbem-18291	47	1	this	this	DET
fbem-18291	47	2	research	research	NOUN
fbem-18291	47	3	takes	take	VERB
fbem-18291	47	4	into	into	ADP
fbem-18291	47	5	account	account	NOUN
fbem-18291	47	6	the	the	DET
fbem-18291	47	7	actual	actual	ADJ
fbem-18291	47	8	situation	situation	NOUN
fbem-18291	47	9	and	and	CCONJ
fbem-18291	47	10	analyses	analyse	VERB
fbem-18291	47	11	the	the	DET
fbem-18291	47	12	impact	impact	NOUN
fbem-18291	47	13	of	of	ADP
fbem-18291	47	14	fintech	fintech	NOUN
fbem-18291	47	15	based	base	VERB
fbem-18291	47	16	on	on	ADP
fbem-18291	47	17	china	china	PROPN
fbem-18291	47	18	’s	’s	PART
fbem-18291	47	19	special	special	ADJ
fbem-18291	47	20	internet	internet	NOUN
fbem-18291	47	21	financial	financial	PROPN
fbem-18291	47	22	development	development	PROPN
fbem-18291	47	23	model	model	NOUN
fbem-18291	47	24	.	.	PUNCT
fbem-18291	48	1	since	since	SCONJ
fbem-18291	48	2	china	china	PROPN
fbem-18291	48	3	’s	’s	PART
fbem-18291	48	4	domestic	domestic	ADJ
fbem-18291	48	5	research	research	NOUN
fbem-18291	48	6	methods	method	NOUN
fbem-18291	48	7	are	be	AUX
fbem-18291	48	8	relatively	relatively	ADV
fbem-18291	48	9	single	single	ADJ
fbem-18291	48	10	,	,	PUNCT
fbem-18291	48	11	not	not	PART
fbem-18291	48	12	based	base	VERB
fbem-18291	48	13	on	on	ADP
fbem-18291	48	14	sufficient	sufficient	ADJ
fbem-18291	48	15	attention	attention	NOUN
fbem-18291	48	16	to	to	ADP
fbem-18291	48	17	the	the	DET
fbem-18291	48	18	construction	construction	NOUN
fbem-18291	48	19	of	of	ADP
fbem-18291	48	20	fintech	fintech	NOUN
fbem-18291	48	21	indexes	index	NOUN
fbem-18291	48	22	,	,	PUNCT
fbem-18291	48	23	and	and	CCONJ
fbem-18291	48	24	most	most	ADJ
fbem-18291	48	25	of	of	ADP
fbem-18291	48	26	china	china	PROPN
fbem-18291	48	27	’s	’s	PART
fbem-18291	48	28	domestic	domestic	ADJ
fbem-18291	48	29	assessment	assessment	NOUN
fbem-18291	48	30	of	of	ADP
fbem-18291	48	31	fintech	fintech	NOUN
fbem-18291	48	32	indexes	index	NOUN
fbem-18291	48	33	are	be	AUX
fbem-18291	48	34	dominated	dominate	VERB
fbem-18291	48	35	by	by	ADP
fbem-18291	48	36	functionality	functionality	NOUN
fbem-18291	48	37	and	and	CCONJ
fbem-18291	48	38	technology	technology	NOUN
fbem-18291	48	39	,	,	PUNCT
fbem-18291	48	40	with	with	ADP
fbem-18291	48	41	less	less	ADJ
fbem-18291	48	42	data	datum	NOUN
fbem-18291	48	43	,	,	PUNCT
fbem-18291	48	44	this	this	DET
fbem-18291	48	45	essay	essay	NOUN
fbem-18291	48	46	will	will	AUX
fbem-18291	48	47	use	use	VERB
fbem-18291	48	48	peking	peking	NOUN
fbem-18291	48	49	university	university	NOUN
fbem-18291	48	50	’s	’s	PART
fbem-18291	48	51	digital	digital	ADJ
fbem-18291	48	52	inclusive	inclusive	ADJ
fbem-18291	48	53	finance	finance	NOUN
fbem-18291	48	54	index	index	NOUN
fbem-18291	48	55	as	as	ADP
fbem-18291	48	56	the	the	DET
fbem-18291	48	57	core	core	NOUN
fbem-18291	48	58	explanatory	explanatory	ADJ
fbem-18291	48	59	variable	variable	NOUN
fbem-18291	48	60	to	to	PART
fbem-18291	48	61	conduct	conduct	VERB
fbem-18291	48	62	an	an	DET
fbem-18291	48	63	empirical	empirical	ADJ
fbem-18291	48	64	study	study	NOUN
fbem-18291	48	65	to	to	PART
fbem-18291	48	66	explore	explore	VERB
fbem-18291	48	67	the	the	DET
fbem-18291	48	68	impact	impact	NOUN
fbem-18291	48	69	mechanism	mechanism	NOUN
fbem-18291	48	70	between	between	ADP
fbem-18291	48	71	fintech	fintech	NOUN
fbem-18291	48	72	and	and	CCONJ
fbem-18291	48	73	commercial	commercial	ADJ
fbem-18291	48	74	bank	bank	PROPN
fbem-18291	48	75	liquidity	liquidity	NOUN
fbem-18291	48	76	risk	risk	NOUN
fbem-18291	48	77	.	.	PUNCT
fbem-18291	49	1	furthermore	furthermore	ADV
fbem-18291	49	2	,	,	PUNCT
fbem-18291	49	3	with	with	SCONJ
fbem-18291	49	4	the	the	DET
fbem-18291	49	5	help	help	NOUN
fbem-18291	49	6	of	of	ADP
fbem-18291	49	7	existing	exist	VERB
fbem-18291	49	8	research	research	NOUN
fbem-18291	49	9	to	to	PART
fbem-18291	49	10	incorporate	incorporate	VERB
fbem-18291	49	11	more	more	ADJ
fbem-18291	49	12	considerations	consideration	NOUN
fbem-18291	49	13	,	,	PUNCT
fbem-18291	49	14	the	the	DET
fbem-18291	49	15	present	present	ADJ
fbem-18291	49	16	study	study	NOUN
fbem-18291	49	17	will	will	AUX
fbem-18291	49	18	improve	improve	VERB
fbem-18291	49	19	the	the	DET
fbem-18291	49	20	relevant	relevant	ADJ
fbem-18291	49	21	theories	theory	NOUN
fbem-18291	49	22	in	in	ADP
fbem-18291	49	23	china	china	PROPN
fbem-18291	49	24	from	from	ADP
fbem-18291	49	25	a	a	DET
fbem-18291	49	26	more	more	ADV
fbem-18291	49	27	comprehensive	comprehensive	ADJ
fbem-18291	49	28	perspective	perspective	NOUN
fbem-18291	49	29	[	[	X
fbem-18291	49	30	8	8	NUM
fbem-18291	49	31	]	]	PUNCT
fbem-18291	49	32	.	.	PUNCT
fbem-18291	50	1	using	use	VERB
fbem-18291	50	2	data	datum	NOUN
fbem-18291	50	3	from	from	ADP
fbem-18291	50	4	chinese	chinese	ADJ
fbem-18291	50	5	commercial	commercial	ADJ
fbem-18291	50	6	banks	bank	NOUN
fbem-18291	50	7	,	,	PUNCT
fbem-18291	50	8	this	this	DET
fbem-18291	50	9	research	research	NOUN
fbem-18291	50	10	analyses	analyse	VERB
fbem-18291	50	11	the	the	DET
fbem-18291	50	12	impact	impact	NOUN
fbem-18291	50	13	and	and	CCONJ
fbem-18291	50	14	transmission	transmission	NOUN
fbem-18291	50	15	path	path	NOUN
fbem-18291	50	16	of	of	ADP
fbem-18291	50	17	fintech	fintech	NOUN
fbem-18291	50	18	on	on	ADP
fbem-18291	50	19	the	the	DET
fbem-18291	50	20	liquidity	liquidity	NOUN
fbem-18291	50	21	of	of	ADP
fbem-18291	50	22	commercial	commercial	ADJ
fbem-18291	50	23	banks	bank	NOUN
fbem-18291	50	24	by	by	ADP
fbem-18291	50	25	using	use	VERB
fbem-18291	50	26	the	the	DET
fbem-18291	50	27	fixed	fix	VERB
fbem-18291	50	28	and	and	CCONJ
fbem-18291	50	29	mediation	mediation	NOUN
fbem-18291	50	30	effect	effect	NOUN
fbem-18291	50	31	models	model	NOUN
fbem-18291	50	32	.	.	PUNCT
fbem-18291	51	1	heterogeneity	heterogeneity	NOUN
fbem-18291	51	2	analysis	analysis	NOUN
fbem-18291	51	3	is	be	AUX
fbem-18291	51	4	used	use	VERB
fbem-18291	51	5	to	to	PART
fbem-18291	51	6	understand	understand	VERB
fbem-18291	51	7	the	the	DET
fbem-18291	51	8	impact	impact	NOUN
fbem-18291	51	9	of	of	ADP
fbem-18291	51	10	fintech	fintech	NOUN
fbem-18291	51	11	on	on	ADP
fbem-18291	51	12	banks	bank	NOUN
fbem-18291	51	13	of	of	ADP
fbem-18291	51	14	different	different	ADJ
fbem-18291	51	15	natures	nature	NOUN
fbem-18291	51	16	,	,	PUNCT
fbem-18291	51	17	involving	involve	VERB
fbem-18291	51	18	comparisons	comparison	NOUN
fbem-18291	51	19	between	between	ADP
fbem-18291	51	20	urban	urban	ADJ
fbem-18291	51	21	and	and	CCONJ
fbem-18291	51	22	rural	rural	ADJ
fbem-18291	51	23	,	,	PUNCT
fbem-18291	51	24	state	state	NOUN
fbem-18291	51	25	-	-	PUNCT
fbem-18291	51	26	owned	own	VERB
fbem-18291	51	27	and	and	CCONJ
fbem-18291	51	28	joint	joint	ADJ
fbem-18291	51	29	-	-	PUNCT
fbem-18291	51	30	stock	stock	NOUN
fbem-18291	51	31	banks	bank	NOUN
fbem-18291	51	32	,	,	PUNCT
fbem-18291	51	33	as	as	ADV
fbem-18291	51	34	well	well	ADV
fbem-18291	51	35	as	as	ADP
fbem-18291	51	36	the	the	DET
fbem-18291	51	37	different	different	ADJ
fbem-18291	51	38	impacts	impact	NOUN
fbem-18291	51	39	of	of	ADP
fbem-18291	51	40	liquidity	liquidity	NOUN
fbem-18291	51	41	creation	creation	NOUN
fbem-18291	51	42	in	in	ADP
fbem-18291	51	43	southern	southern	ADJ
fbem-18291	51	44	and	and	CCONJ
fbem-18291	51	45	northern	northern	ADJ
fbem-18291	51	46	china	china	PROPN
fbem-18291	51	47	.	.	PUNCT
fbem-18291	52	1	2	2	X
fbem-18291	52	2	.	.	X
fbem-18291	52	3	literature	literature	NOUN
fbem-18291	52	4	review	review	VERB
fbem-18291	52	5	2.1	2.1	NUM
fbem-18291	52	6	.	.	PUNCT
fbem-18291	53	1	definition	definition	NOUN
fbem-18291	53	2	and	and	CCONJ
fbem-18291	53	3	development	development	NOUN
fbem-18291	53	4	of	of	ADP
fbem-18291	53	5	financial	financial	ADJ
fbem-18291	53	6	technology	technology	NOUN
fbem-18291	53	7	fintech	fintech	NOUN
fbem-18291	53	8	has	have	AUX
fbem-18291	53	9	gradually	gradually	ADV
fbem-18291	53	10	become	become	VERB
fbem-18291	53	11	a	a	DET
fbem-18291	53	12	hot	hot	ADJ
fbem-18291	53	13	topic	topic	NOUN
fbem-18291	53	14	globally	globally	ADV
fbem-18291	53	15	since	since	SCONJ
fbem-18291	53	16	the	the	DET
fbem-18291	53	17	last	last	ADJ
fbem-18291	53	18	century	century	NOUN
fbem-18291	53	19	.	.	PUNCT
fbem-18291	54	1	the	the	DET
fbem-18291	54	2	term	term	NOUN
fbem-18291	54	3	fintech	fintech	NOUN
fbem-18291	54	4	can	can	AUX
fbem-18291	54	5	be	be	AUX
fbem-18291	54	6	traced	trace	VERB
fbem-18291	54	7	back	back	ADV
fbem-18291	54	8	to	to	ADP
fbem-18291	54	9	the	the	DET
fbem-18291	54	10	early	early	ADJ
fbem-18291	54	11	1990s	1990	NOUN
fbem-18291	54	12	:	:	PUNCT
fbem-18291	54	13	at	at	ADP
fbem-18291	54	14	the	the	DET
fbem-18291	54	15	‘	'	PUNCT
fbem-18291	54	16	cartes	carte	NOUN
fbem-18291	54	17	forum	forum	NOUN
fbem-18291	54	18	’	'	PUNCT
fbem-18291	54	19	,	,	PUNCT
fbem-18291	54	20	john	john	PROPN
fbem-18291	54	21	reed	reed	PROPN
fbem-18291	54	22	,	,	PUNCT
fbem-18291	54	23	chairman	chairman	NOUN
fbem-18291	54	24	of	of	ADP
fbem-18291	54	25	citigroup	citigroup	PROPN
fbem-18291	54	26	,	,	PUNCT
fbem-18291	54	27	proposed	propose	VERB
fbem-18291	54	28	the	the	DET
fbem-18291	54	29	concept	concept	NOUN
fbem-18291	54	30	of	of	ADP
fbem-18291	54	31	‘	'	PUNCT
fbem-18291	54	32	financial	financial	ADJ
fbem-18291	54	33	technology	technology	NOUN
fbem-18291	54	34	’	'	PUNCT
fbem-18291	54	35	,	,	PUNCT
fbem-18291	54	36	arguing	argue	VERB
fbem-18291	54	37	that	that	SCONJ
fbem-18291	54	38	fintech	fintech	NOUN
fbem-18291	54	39	is	be	AUX
fbem-18291	54	40	not	not	PART
fbem-18291	54	41	literally	literally	ADV
fbem-18291	54	42	a	a	DET
fbem-18291	54	43	simple	simple	ADJ
fbem-18291	54	44	combination	combination	NOUN
fbem-18291	54	45	of	of	ADP
fbem-18291	54	46	finance	finance	NOUN
fbem-18291	54	47	and	and	CCONJ
fbem-18291	54	48	technology	technology	NOUN
fbem-18291	54	49	,	,	PUNCT
fbem-18291	54	50	but	but	CCONJ
fbem-18291	54	51	actually	actually	ADV
fbem-18291	54	52	has	have	VERB
fbem-18291	54	53	a	a	DET
fbem-18291	54	54	much	much	ADV
fbem-18291	54	55	richer	rich	ADJ
fbem-18291	54	56	connotation	connotation	NOUN
fbem-18291	54	57	(	(	PUNCT
fbem-18291	54	58	ba	ba	NOUN
fbem-18291	54	59	,	,	PUNCT
fbem-18291	54	60	2021	2021	NUM
fbem-18291	54	61	)	)	PUNCT
fbem-18291	54	62	.	.	PUNCT
fbem-18291	55	1	it	it	PRON
fbem-18291	55	2	actually	actually	ADV
fbem-18291	55	3	has	have	VERB
fbem-18291	55	4	a	a	DET
fbem-18291	55	5	richer	rich	ADJ
fbem-18291	55	6	connotation	connotation	NOUN
fbem-18291	55	7	.	.	PUNCT
fbem-18291	56	1	as	as	SCONJ
fbem-18291	56	2	king	king	NOUN
fbem-18291	56	3	(	(	PUNCT
fbem-18291	56	4	1993	1993	NUM
fbem-18291	56	5	)	)	PUNCT
fbem-18291	56	6	indicated	indicate	VERB
fbem-18291	56	7	,	,	PUNCT
fbem-18291	56	8	economic	economic	ADJ
fbem-18291	56	9	development	development	NOUN
fbem-18291	56	10	can	can	AUX
fbem-18291	56	11	be	be	AUX
fbem-18291	56	12	driven	drive	VERB
fbem-18291	56	13	by	by	ADP
fbem-18291	56	14	both	both	CCONJ
fbem-18291	56	15	financial	financial	ADJ
fbem-18291	56	16	and	and	CCONJ
fbem-18291	56	17	technological	technological	ADJ
fbem-18291	56	18	innovations[9	innovations[9	NOUN
fbem-18291	56	19	]	]	X
fbem-18291	56	20	the	the	DET
fbem-18291	56	21	current	current	ADJ
fbem-18291	56	22	widely	widely	ADV
fbem-18291	56	23	accepted	accept	VERB
fbem-18291	56	24	definition	definition	NOUN
fbem-18291	56	25	of	of	ADP
fbem-18291	56	26	fintech	fintech	NOUN
fbem-18291	56	27	is	be	AUX
fbem-18291	56	28	proposed	propose	VERB
fbem-18291	56	29	by	by	ADP
fbem-18291	56	30	schueffel	schueffel	NOUN
fbem-18291	56	31	(	(	PUNCT
fbem-18291	56	32	2016	2016	NUM
fbem-18291	56	33	)	)	PUNCT
fbem-18291	56	34	.	.	PUNCT
fbem-18291	57	1	using	use	VERB
fbem-18291	57	2	a	a	DET
fbem-18291	57	3	literature	literature	NOUN
fbem-18291	57	4	research	research	NOUN
fbem-18291	57	5	method	method	NOUN
fbem-18291	57	6	,	,	PUNCT
fbem-18291	57	7	schueffel	schueffel	NOUN
fbem-18291	57	8	defines	define	NOUN
fbem-18291	57	9	fintech	fintech	NOUN
fbem-18291	57	10	as	as	ADP
fbem-18291	57	11	a	a	DET
fbem-18291	57	12	new	new	ADJ
fbem-18291	57	13	type	type	NOUN
fbem-18291	57	14	of	of	ADP
fbem-18291	57	15	financial	financial	ADJ
fbem-18291	57	16	industry	industry	NOUN
fbem-18291	57	17	which	which	PRON
fbem-18291	57	18	improves	improve	VERB
fbem-18291	57	19	financial	financial	ADJ
fbem-18291	57	20	activities	activity	NOUN
fbem-18291	57	21	through	through	ADP
fbem-18291	57	22	the	the	DET
fbem-18291	57	23	use	use	NOUN
fbem-18291	57	24	of	of	ADP
fbem-18291	57	25	information	information	NOUN
fbem-18291	57	26	technology	technology	NOUN
fbem-18291	57	27	.	.	PUNCT
fbem-18291	58	1	in	in	ADP
fbem-18291	58	2	pricewaterhousecoopers	pricewaterhousecooper	NOUN
fbem-18291	58	3	(	(	PUNCT
fbem-18291	58	4	2015	2015	NUM
fbem-18291	58	5	)	)	PUNCT
fbem-18291	58	6	definition	definition	NOUN
fbem-18291	58	7	,	,	PUNCT
fbem-18291	58	8	fintech	fintech	NOUN
fbem-18291	58	9	combines	combine	VERB
fbem-18291	58	10	innovative	innovative	ADJ
fbem-18291	58	11	financial	financial	ADJ
fbem-18291	58	12	services	service	NOUN
fbem-18291	58	13	with	with	ADP
fbem-18291	58	14	new	new	ADJ
fbem-18291	58	15	digital	digital	ADJ
fbem-18291	58	16	technologies	technology	NOUN
fbem-18291	58	17	like	like	ADP
fbem-18291	58	18	crowdfunding	crowdfunde	VERB
fbem-18291	58	19	to	to	PART
fbem-18291	58	20	provide	provide	VERB
fbem-18291	58	21	access	access	NOUN
fbem-18291	58	22	to	to	ADP
fbem-18291	58	23	capital	capital	NOUN
fbem-18291	58	24	.	.	PUNCT
fbem-18291	59	1	thomas	thomas	PROPN
fbem-18291	59	2	puschmann	puschmann	PROPN
fbem-18291	59	3	(	(	PUNCT
fbem-18291	59	4	2017	2017	NUM
fbem-18291	59	5	)	)	PUNCT
fbem-18291	59	6	considered	consider	VERB
fbem-18291	59	7	fintech	fintech	NOUN
fbem-18291	59	8	an	an	DET
fbem-18291	59	9	increase	increase	NOUN
fbem-18291	59	10	in	in	ADP
fbem-18291	59	11	automation	automation	NOUN
fbem-18291	59	12	caused	cause	VERB
fbem-18291	59	13	by	by	ADP
fbem-18291	59	14	information	information	NOUN
fbem-18291	59	15	technology	technology	NOUN
fbem-18291	59	16	,	,	PUNCT
fbem-18291	59	17	which	which	PRON
fbem-18291	59	18	encompasses	encompass	VERB
fbem-18291	59	19	innovative	innovative	ADJ
fbem-18291	59	20	it	it	PRON
fbem-18291	59	21	-	-	PUNCT
fbem-18291	59	22	enabled	enable	VERB
fbem-18291	59	23	financial	financial	ADJ
fbem-18291	59	24	solutions	solution	NOUN
fbem-18291	59	25	that	that	PRON
fbem-18291	59	26	reinvigorate	reinvigorate	VERB
fbem-18291	59	27	the	the	DET
fbem-18291	59	28	financial	financial	ADJ
fbem-18291	59	29	industry	industry	NOUN
fbem-18291	59	30	.	.	PUNCT
fbem-18291	60	1	leong	leong	PROPN
fbem-18291	60	2	et	et	PROPN
fbem-18291	60	3	al	al	PROPN
fbem-18291	60	4	.	.	PROPN
fbem-18291	61	1	(	(	PUNCT
fbem-18291	61	2	2018	2018	NUM
fbem-18291	61	3	)	)	PUNCT
fbem-18291	61	4	defined	define	VERB
fbem-18291	61	5	fintech	fintech	NOUN
fbem-18291	61	6	as	as	ADP
fbem-18291	61	7	an	an	DET
fbem-18291	61	8	interdisciplinary	interdisciplinary	ADJ
fbem-18291	61	9	discipline	discipline	NOUN
fbem-18291	61	10	that	that	PRON
fbem-18291	61	11	combines	combine	VERB
fbem-18291	61	12	finance	finance	NOUN
fbem-18291	61	13	,	,	PUNCT
fbem-18291	61	14	technology	technology	NOUN
fbem-18291	61	15	and	and	CCONJ
fbem-18291	61	16	innovation	innovation	NOUN
fbem-18291	61	17	management	management	NOUN
fbem-18291	61	18	.	.	PUNCT
fbem-18291	62	1	lee	lee	PROPN
fbem-18291	62	2	et	et	PROPN
fbem-18291	62	3	al	al	PROPN
fbem-18291	62	4	.	.	PROPN
fbem-18291	63	1	(	(	PUNCT
fbem-18291	63	2	2018	2018	NUM
fbem-18291	63	3	)	)	PUNCT
fbem-18291	63	4	stated	state	VERB
fbem-18291	63	5	in	in	ADP
fbem-18291	63	6	their	their	PRON
fbem-18291	63	7	article	article	NOUN
fbem-18291	63	8	that	that	SCONJ
fbem-18291	63	9	fintech	fintech	NOUN
fbem-18291	63	10	is	be	AUX
fbem-18291	63	11	viewed	view	VERB
fbem-18291	63	12	by	by	ADP
fbem-18291	63	13	the	the	DET
fbem-18291	63	14	industry	industry	NOUN
fbem-18291	63	15	as	as	ADP
fbem-18291	63	16	the	the	DET
fbem-18291	63	17	most	most	ADV
fbem-18291	63	18	valuable	valuable	ADJ
fbem-18291	63	19	innovation	innovation	NOUN
fbem-18291	63	20	in	in	ADP
fbem-18291	63	21	the	the	DET
fbem-18291	63	22	financial	financial	ADJ
fbem-18291	63	23	industry	industry	NOUN
fbem-18291	63	24	and	and	CCONJ
fbem-18291	63	25	it	it	PRON
fbem-18291	63	26	can	can	AUX
fbem-18291	63	27	bring	bring	VERB
fbem-18291	63	28	innovations	innovation	NOUN
fbem-18291	63	29	in	in	ADP
fbem-18291	63	30	the	the	DET
fbem-18291	63	31	financial	financial	ADJ
fbem-18291	63	32	industry	industry	NOUN
fbem-18291	63	33	in	in	ADP
fbem-18291	63	34	terms	term	NOUN
fbem-18291	63	35	of	of	ADP
fbem-18291	63	36	cost	cost	NOUN
fbem-18291	63	37	,	,	PUNCT
fbem-18291	63	38	and	and	CCONJ
fbem-18291	63	39	quality	quality	NOUN
fbem-18291	63	40	of	of	ADP
fbem-18291	63	41	service[10	service[10	NOUN
fbem-18291	63	42	]	]	PUNCT
fbem-18291	63	43	.	.	PUNCT
fbem-18291	64	1	however	however	ADV
fbem-18291	64	2	,	,	PUNCT
fbem-18291	64	3	as	as	SCONJ
fbem-18291	64	4	fintech	fintech	NOUN
fbem-18291	64	5	continues	continue	VERB
fbem-18291	64	6	to	to	PART
fbem-18291	64	7	evolve	evolve	VERB
fbem-18291	64	8	,	,	PUNCT
fbem-18291	64	9	more	more	ADV
fbem-18291	64	10	authoritative	authoritative	ADJ
fbem-18291	64	11	organisations	organisation	NOUN
fbem-18291	64	12	have	have	AUX
fbem-18291	64	13	expressed	express	VERB
fbem-18291	64	14	their	their	PRON
fbem-18291	64	15	insights	insight	NOUN
fbem-18291	64	16	.	.	PUNCT
fbem-18291	65	1	the	the	DET
fbem-18291	65	2	financial	financial	ADJ
fbem-18291	65	3	stability	stability	PROPN
fbem-18291	65	4	board	board	NOUN
fbem-18291	65	5	(	(	PUNCT
fbem-18291	65	6	fsb	fsb	NOUN
fbem-18291	65	7	)	)	PUNCT
fbem-18291	65	8	(	(	PUNCT
fbem-18291	65	9	2016	2016	NUM
fbem-18291	65	10	)	)	PUNCT
fbem-18291	65	11	explains	explain	VERB
fbem-18291	65	12	that	that	SCONJ
fbem-18291	65	13	fintech	fintech	NOUN
fbem-18291	65	14	284	284	NUM
fbem-18291	65	15	is	be	AUX
fbem-18291	65	16	financial	financial	ADJ
fbem-18291	65	17	innovation	innovation	NOUN
fbem-18291	65	18	enabled	enable	VERB
fbem-18291	65	19	by	by	ADP
fbem-18291	65	20	technology	technology	NOUN
fbem-18291	65	21	,	,	PUNCT
fbem-18291	65	22	including	include	VERB
fbem-18291	65	23	new	new	ADJ
fbem-18291	65	24	business	business	NOUN
fbem-18291	65	25	models	model	NOUN
fbem-18291	65	26	,	,	PUNCT
fbem-18291	65	27	applications	application	NOUN
fbem-18291	65	28	,	,	PUNCT
fbem-18291	65	29	processes	process	NOUN
fbem-18291	65	30	or	or	CCONJ
fbem-18291	65	31	products	product	NOUN
fbem-18291	65	32	,	,	PUNCT
fbem-18291	65	33	which	which	PRON
fbem-18291	65	34	can	can	AUX
fbem-18291	65	35	have	have	VERB
fbem-18291	65	36	a	a	DET
fbem-18291	65	37	considerable	considerable	ADJ
fbem-18291	65	38	and	and	CCONJ
fbem-18291	65	39	far	far	ADV
fbem-18291	65	40	-	-	PUNCT
fbem-18291	65	41	reaching	reach	VERB
fbem-18291	65	42	impact	impact	NOUN
fbem-18291	65	43	on	on	ADP
fbem-18291	65	44	the	the	DET
fbem-18291	65	45	financial	financial	ADJ
fbem-18291	65	46	sector	sector	NOUN
fbem-18291	65	47	.	.	PUNCT
fbem-18291	66	1	the	the	DET
fbem-18291	66	2	development	development	NOUN
fbem-18291	66	3	of	of	ADP
fbem-18291	66	4	fintech	fintech	NOUN
fbem-18291	66	5	of	of	ADP
fbem-18291	66	6	global	global	ADJ
fbem-18291	66	7	nature	nature	NOUN
fbem-18291	66	8	can	can	AUX
fbem-18291	66	9	be	be	AUX
fbem-18291	66	10	broadly	broadly	ADV
fbem-18291	66	11	categorised	categorise	VERB
fbem-18291	66	12	into	into	ADP
fbem-18291	66	13	three	three	NUM
fbem-18291	66	14	phases	phase	NOUN
fbem-18291	66	15	(	(	PUNCT
fbem-18291	66	16	thakor	thakor	NOUN
fbem-18291	66	17	,	,	PUNCT
fbem-18291	66	18	2019	2019	NUM
fbem-18291	66	19	)	)	PUNCT
fbem-18291	66	20	.	.	PUNCT
fbem-18291	67	1	the	the	DET
fbem-18291	67	2	first	first	ADJ
fbem-18291	67	3	phase	phase	NOUN
fbem-18291	67	4	was	be	AUX
fbem-18291	67	5	in	in	ADP
fbem-18291	67	6	the	the	DET
fbem-18291	67	7	1967s	1967s	NUM
fbem-18291	67	8	,	,	PUNCT
fbem-18291	67	9	when	when	SCONJ
fbem-18291	67	10	fintech	fintech	NOUN
fbem-18291	67	11	focused	focus	VERB
fbem-18291	67	12	on	on	ADP
fbem-18291	67	13	how	how	SCONJ
fbem-18291	67	14	to	to	PART
fbem-18291	67	15	build	build	VERB
fbem-18291	67	16	information	information	NOUN
fbem-18291	67	17	technology	technology	NOUN
fbem-18291	67	18	platforms	platform	NOUN
fbem-18291	67	19	and	and	CCONJ
fbem-18291	67	20	infrastructure	infrastructure	NOUN
fbem-18291	67	21	,	,	PUNCT
fbem-18291	67	22	which	which	PRON
fbem-18291	67	23	was	be	AUX
fbem-18291	67	24	the	the	DET
fbem-18291	67	25	basis	basis	NOUN
fbem-18291	67	26	for	for	ADP
fbem-18291	67	27	improving	improve	VERB
fbem-18291	67	28	traditional	traditional	ADJ
fbem-18291	67	29	financial	financial	ADJ
fbem-18291	67	30	interactions	interaction	NOUN
fbem-18291	67	31	.	.	PUNCT
fbem-18291	68	1	in	in	ADP
fbem-18291	68	2	the	the	DET
fbem-18291	68	3	second	second	ADJ
fbem-18291	68	4	phase	phase	NOUN
fbem-18291	68	5	(	(	PUNCT
fbem-18291	68	6	1967to	1967to	PROPN
fbem-18291	68	7	2008	2008	NUM
fbem-18291	68	8	)	)	PUNCT
fbem-18291	68	9	,	,	PUNCT
fbem-18291	68	10	fintech	fintech	NOUN
fbem-18291	68	11	gradually	gradually	ADV
fbem-18291	68	12	began	begin	VERB
fbem-18291	68	13	to	to	PART
fbem-18291	68	14	provide	provide	VERB
fbem-18291	68	15	digital	digital	ADJ
fbem-18291	68	16	financial	financial	ADJ
fbem-18291	68	17	services	service	NOUN
fbem-18291	68	18	along	along	ADP
fbem-18291	68	19	with	with	ADP
fbem-18291	68	20	the	the	DET
fbem-18291	68	21	development	development	NOUN
fbem-18291	68	22	of	of	ADP
fbem-18291	68	23	mobile	mobile	ADJ
fbem-18291	68	24	internet	internet	NOUN
fbem-18291	68	25	technology	technology	NOUN
fbem-18291	68	26	.	.	PUNCT
fbem-18291	69	1	2008	2008	NUM
fbem-18291	69	2	to	to	ADP
fbem-18291	69	3	the	the	DET
fbem-18291	69	4	present	present	NOUN
fbem-18291	69	5	is	be	AUX
fbem-18291	69	6	the	the	DET
fbem-18291	69	7	third	third	ADJ
fbem-18291	69	8	phase	phase	NOUN
fbem-18291	69	9	,	,	PUNCT
fbem-18291	69	10	in	in	ADP
fbem-18291	69	11	which	which	PRON
fbem-18291	69	12	big	big	ADJ
fbem-18291	69	13	data	datum	NOUN
fbem-18291	69	14	,	,	PUNCT
fbem-18291	69	15	artificial	artificial	ADJ
fbem-18291	69	16	intelligence	intelligence	NOUN
fbem-18291	69	17	,	,	PUNCT
fbem-18291	69	18	cloud	cloud	NOUN
fbem-18291	69	19	computing	computing	NOUN
fbem-18291	69	20	,	,	PUNCT
fbem-18291	69	21	and	and	CCONJ
fbem-18291	69	22	blockchain	blockchain	PROPN
fbem-18291	69	23	technology	technology	PROPN
fbem-18291	69	24	are	be	AUX
fbem-18291	69	25	competing	compete	VERB
fbem-18291	69	26	for	for	ADP
fbem-18291	69	27	development	development	NOUN
fbem-18291	69	28	.	.	PUNCT
fbem-18291	70	1	digitally	digitally	ADV
fbem-18291	70	2	-	-	PUNCT
fbem-18291	70	3	driven	drive	VERB
fbem-18291	70	4	risk	risk	NOUN
fbem-18291	70	5	management	management	NOUN
fbem-18291	70	6	and	and	CCONJ
fbem-18291	70	7	financial	financial	ADJ
fbem-18291	70	8	services	service	NOUN
fbem-18291	70	9	have	have	AUX
fbem-18291	70	10	gradually	gradually	ADV
fbem-18291	70	11	become	become	VERB
fbem-18291	70	12	mainstream	mainstream	ADJ
fbem-18291	70	13	,	,	PUNCT
fbem-18291	70	14	and	and	CCONJ
fbem-18291	70	15	regulators	regulator	NOUN
fbem-18291	70	16	have	have	AUX
fbem-18291	70	17	begun	begin	VERB
fbem-18291	70	18	to	to	PART
fbem-18291	70	19	guide	guide	VERB
fbem-18291	70	20	fintech	fintech	NOUN
fbem-18291	70	21	to	to	PART
fbem-18291	70	22	ensure	ensure	VERB
fbem-18291	70	23	its	its	PRON
fbem-18291	70	24	healthy	healthy	ADJ
fbem-18291	70	25	development	development	NOUN
fbem-18291	70	26	(	(	PUNCT
fbem-18291	70	27	parenti	parenti	X
fbem-18291	70	28	,	,	PUNCT
fbem-18291	70	29	2020)[11	2020)[11	NUM
fbem-18291	70	30	]	]	PUNCT
fbem-18291	70	31	.	.	PUNCT
fbem-18291	71	1	arner	arner	NOUN
fbem-18291	71	2	et	et	PROPN
fbem-18291	71	3	al	al	PROPN
fbem-18291	71	4	.	.	PROPN
fbem-18291	72	1	(	(	PUNCT
fbem-18291	72	2	2015	2015	NUM
fbem-18291	72	3	)	)	PUNCT
fbem-18291	72	4	argue	argue	VERB
fbem-18291	72	5	that	that	SCONJ
fbem-18291	72	6	digital	digital	ADJ
fbem-18291	72	7	finance	finance	NOUN
fbem-18291	72	8	is	be	AUX
fbem-18291	72	9	more	more	ADV
fbem-18291	72	10	democratised	democratised	ADJ
fbem-18291	72	11	as	as	SCONJ
fbem-18291	72	12	information	information	NOUN
fbem-18291	72	13	technology	technology	NOUN
fbem-18291	72	14	is	be	AUX
fbem-18291	72	15	highly	highly	ADV
fbem-18291	72	16	integrated	integrate	VERB
fbem-18291	72	17	into	into	ADP
fbem-18291	72	18	financial	financial	ADJ
fbem-18291	72	19	services	service	NOUN
fbem-18291	72	20	.	.	PUNCT
fbem-18291	73	1	for	for	ADP
fbem-18291	73	2	china	china	PROPN
fbem-18291	73	3	,	,	PUNCT
fbem-18291	73	4	the	the	DET
fbem-18291	73	5	subject	subject	NOUN
fbem-18291	73	6	of	of	ADP
fbem-18291	73	7	this	this	DET
fbem-18291	73	8	essay	essay	NOUN
fbem-18291	73	9	,	,	PUNCT
fbem-18291	73	10	he	he	PRON
fbem-18291	73	11	jianqing	jianqe	VERB
fbem-18291	73	12	(	(	PUNCT
fbem-18291	73	13	2017	2017	NUM
fbem-18291	73	14	)	)	PUNCT
fbem-18291	73	15	argues	argue	VERB
fbem-18291	73	16	that	that	SCONJ
fbem-18291	73	17	the	the	DET
fbem-18291	73	18	current	current	ADJ
fbem-18291	73	19	stage	stage	NOUN
fbem-18291	73	20	of	of	ADP
fbem-18291	73	21	fintech	fintech	NOUN
fbem-18291	73	22	in	in	ADP
fbem-18291	73	23	china	china	PROPN
fbem-18291	73	24	can	can	AUX
fbem-18291	73	25	be	be	AUX
fbem-18291	73	26	referred	refer	VERB
fbem-18291	73	27	to	to	ADP
fbem-18291	73	28	as	as	ADP
fbem-18291	73	29	the	the	DET
fbem-18291	73	30	‘	'	PUNCT
fbem-18291	73	31	internet	internet	NOUN
fbem-18291	73	32	finance	finance	NOUN
fbem-18291	73	33	’	'	PUNCT
fbem-18291	73	34	stage	stage	NOUN
fbem-18291	73	35	,	,	PUNCT
fbem-18291	73	36	signifying	signify	VERB
fbem-18291	73	37	that	that	SCONJ
fbem-18291	73	38	the	the	DET
fbem-18291	73	39	acceleration	acceleration	NOUN
fbem-18291	73	40	of	of	ADP
fbem-18291	73	41	the	the	DET
fbem-18291	73	42	internet	internet	NOUN
fbem-18291	73	43	and	and	CCONJ
fbem-18291	73	44	digitalisation	digitalisation	NOUN
fbem-18291	73	45	process	process	NOUN
fbem-18291	73	46	has	have	AUX
fbem-18291	73	47	given	give	VERB
fbem-18291	73	48	rise	rise	NOUN
fbem-18291	73	49	to	to	ADP
fbem-18291	73	50	explosive	explosive	ADJ
fbem-18291	73	51	growth	growth	NOUN
fbem-18291	73	52	in	in	ADP
fbem-18291	73	53	the	the	DET
fbem-18291	73	54	fintech	fintech	NOUN
fbem-18291	73	55	sector	sector	NOUN
fbem-18291	73	56	.	.	PUNCT
fbem-18291	74	1	for	for	ADP
fbem-18291	74	2	china	china	PROPN
fbem-18291	74	3	,	,	PUNCT
fbem-18291	74	4	the	the	DET
fbem-18291	74	5	subject	subject	NOUN
fbem-18291	74	6	of	of	ADP
fbem-18291	74	7	this	this	DET
fbem-18291	74	8	essay	essay	NOUN
fbem-18291	74	9	,	,	PUNCT
fbem-18291	74	10	jingqian	jingqian	ADJ
fbem-18291	74	11	tian	tian	PROPN
fbem-18291	74	12	et	et	PROPN
fbem-18291	74	13	al	al	PROPN
fbem-18291	74	14	.	.	PROPN
fbem-18291	75	1	(	(	PUNCT
fbem-18291	75	2	2019	2019	NUM
fbem-18291	75	3	)	)	PUNCT
fbem-18291	75	4	and	and	CCONJ
fbem-18291	75	5	yang	yang	PROPN
fbem-18291	75	6	min	min	PROPN
fbem-18291	75	7	et	et	PROPN
fbem-18291	75	8	al	al	PROPN
fbem-18291	75	9	.	.	PROPN
fbem-18291	76	1	(	(	PUNCT
fbem-18291	76	2	2020	2020	NUM
fbem-18291	76	3	)	)	PUNCT
fbem-18291	76	4	argue	argue	VERB
fbem-18291	76	5	that	that	SCONJ
fbem-18291	76	6	the	the	DET
fbem-18291	76	7	development	development	NOUN
fbem-18291	76	8	of	of	ADP
fbem-18291	76	9	fintech	fintech	NOUN
fbem-18291	76	10	in	in	ADP
fbem-18291	76	11	china	china	PROPN
fbem-18291	76	12	is	be	AUX
fbem-18291	76	13	relatively	relatively	ADV
fbem-18291	76	14	short	short	ADJ
fbem-18291	76	15	compared	compare	VERB
fbem-18291	76	16	to	to	ADP
fbem-18291	76	17	the	the	DET
fbem-18291	76	18	world	world	NOUN
fbem-18291	76	19	,	,	PUNCT
fbem-18291	76	20	and	and	CCONJ
fbem-18291	76	21	that	that	SCONJ
fbem-18291	76	22	2016	2016	NUM
fbem-18291	76	23	could	could	AUX
fbem-18291	76	24	be	be	AUX
fbem-18291	76	25	regarded	regard	VERB
fbem-18291	76	26	as	as	ADP
fbem-18291	76	27	the	the	DET
fbem-18291	76	28	first	first	ADJ
fbem-18291	76	29	year	year	NOUN
fbem-18291	76	30	of	of	ADP
fbem-18291	76	31	fintech	fintech	NOUN
fbem-18291	76	32	regulation	regulation	NOUN
fbem-18291	76	33	in	in	ADP
fbem-18291	76	34	china	china	PROPN
fbem-18291	76	35	.	.	PUNCT
fbem-18291	77	1	in	in	ADP
fbem-18291	77	2	the	the	DET
fbem-18291	77	3	subsequent	subsequent	ADJ
fbem-18291	77	4	period	period	NOUN
fbem-18291	77	5	,	,	PUNCT
fbem-18291	77	6	china	china	PROPN
fbem-18291	77	7	’s	’s	PART
fbem-18291	77	8	fintech	fintech	NOUN
fbem-18291	77	9	development	development	NOUN
fbem-18291	77	10	has	have	AUX
fbem-18291	77	11	gradually	gradually	ADV
fbem-18291	77	12	stabilised	stabilise	VERB
fbem-18291	77	13	and	and	CCONJ
fbem-18291	77	14	become	become	VERB
fbem-18291	77	15	more	more	ADV
fbem-18291	77	16	mature	mature	ADJ
fbem-18291	77	17	,	,	PUNCT
fbem-18291	77	18	and	and	CCONJ
fbem-18291	77	19	has	have	AUX
fbem-18291	77	20	been	be	AUX
fbem-18291	77	21	progressively	progressively	ADV
fbem-18291	77	22	applied	apply	VERB
fbem-18291	77	23	to	to	ADP
fbem-18291	77	24	multiple	multiple	ADJ
fbem-18291	77	25	scenarios	scenario	NOUN
fbem-18291	77	26	such	such	ADJ
fbem-18291	77	27	as	as	ADP
fbem-18291	77	28	payment	payment	NOUN
fbem-18291	77	29	,	,	PUNCT
fbem-18291	77	30	credit	credit	NOUN
fbem-18291	77	31	and	and	CCONJ
fbem-18291	77	32	wealth	wealth	NOUN
fbem-18291	77	33	management	management	NOUN
fbem-18291	77	34	.	.	PUNCT
fbem-18291	78	1	with	with	ADP
fbem-18291	78	2	the	the	DET
fbem-18291	78	3	help	help	NOUN
fbem-18291	78	4	of	of	ADP
fbem-18291	78	5	cite	cite	VERB
fbem-18291	78	6	space	space	NOUN
fbem-18291	78	7	system	system	NOUN
fbem-18291	78	8	,	,	PUNCT
fbem-18291	78	9	huang	huang	PROPN
fbem-18291	78	10	jingwen	jingwen	PROPN
fbem-18291	78	11	and	and	CCONJ
fbem-18291	78	12	tao	tao	PROPN
fbem-18291	78	13	shigui	shigui	NOUN
fbem-18291	78	14	(	(	PUNCT
fbem-18291	78	15	2020	2020	NUM
fbem-18291	78	16	)	)	PUNCT
fbem-18291	78	17	collected	collect	VERB
fbem-18291	78	18	a	a	DET
fbem-18291	78	19	large	large	ADJ
fbem-18291	78	20	amount	amount	NOUN
fbem-18291	78	21	of	of	ADP
fbem-18291	78	22	literature	literature	NOUN
fbem-18291	78	23	on	on	ADP
fbem-18291	78	24	fintech	fintech	NOUN
fbem-18291	78	25	in	in	ADP
fbem-18291	78	26	china	china	PROPN
fbem-18291	78	27	,	,	PUNCT
fbem-18291	78	28	and	and	CCONJ
fbem-18291	78	29	discovered	discover	VERB
fbem-18291	78	30	that	that	SCONJ
fbem-18291	78	31	during	during	ADP
fbem-18291	78	32	the	the	DET
fbem-18291	78	33	period	period	NOUN
fbem-18291	78	34	of	of	ADP
fbem-18291	78	35	2016	2016	NUM
fbem-18291	78	36	to	to	ADP
fbem-18291	78	37	2019	2019	NUM
fbem-18291	78	38	,	,	PUNCT
fbem-18291	78	39	the	the	DET
fbem-18291	78	40	discussion	discussion	NOUN
fbem-18291	78	41	of	of	ADP
fbem-18291	78	42	fintech	fintech	NOUN
fbem-18291	78	43	in	in	ADP
fbem-18291	78	44	china	china	PROPN
fbem-18291	78	45	’s	’s	PART
fbem-18291	78	46	academia	academia	NOUN
fbem-18291	78	47	gradually	gradually	ADV
fbem-18291	78	48	increased	increase	VERB
fbem-18291	78	49	,	,	PUNCT
fbem-18291	78	50	which	which	PRON
fbem-18291	78	51	confirms	confirm	VERB
fbem-18291	78	52	the	the	DET
fbem-18291	78	53	rapid	rapid	ADJ
fbem-18291	78	54	development	development	NOUN
fbem-18291	78	55	of	of	ADP
fbem-18291	78	56	domestic	domestic	ADJ
fbem-18291	78	57	fintech	fintech	NOUN
fbem-18291	78	58	in	in	ADP
fbem-18291	78	59	china	china	PROPN
fbem-18291	78	60	in	in	ADP
fbem-18291	78	61	recent	recent	ADJ
fbem-18291	78	62	years[12	years[12	PROPN
fbem-18291	78	63	]	]	PUNCT
fbem-18291	78	64	.	.	PUNCT
fbem-18291	79	1	2.2	2.2	NUM
fbem-18291	79	2	.	.	PUNCT
fbem-18291	79	3	commercial	commercial	ADJ
fbem-18291	79	4	bank	bank	PROPN
fbem-18291	79	5	liquidity	liquidity	NOUN
fbem-18291	79	6	analysis	analysis	NOUN
fbem-18291	79	7	in	in	ADP
fbem-18291	79	8	1983	1983	NUM
fbem-18291	79	9	,	,	PUNCT
fbem-18291	79	10	diamond	diamond	NOUN
fbem-18291	79	11	and	and	CCONJ
fbem-18291	79	12	dybvig	dybvig	NOUN
fbem-18291	79	13	used	use	VERB
fbem-18291	79	14	the	the	DET
fbem-18291	79	15	d	d	PROPN
fbem-18291	79	16	-	-	PUNCT
fbem-18291	79	17	d	d	ADJ
fbem-18291	79	18	model	model	NOUN
fbem-18291	79	19	to	to	PART
fbem-18291	79	20	demonstrate	demonstrate	VERB
fbem-18291	79	21	that	that	SCONJ
fbem-18291	79	22	due	due	ADP
fbem-18291	79	23	to	to	ADP
fbem-18291	79	24	the	the	DET
fbem-18291	79	25	time	time	NOUN
fbem-18291	79	26	lag	lag	NOUN
fbem-18291	79	27	between	between	ADP
fbem-18291	79	28	assets	asset	NOUN
fbem-18291	79	29	and	and	CCONJ
fbem-18291	79	30	liabilities	liability	NOUN
fbem-18291	79	31	,	,	PUNCT
fbem-18291	79	32	banks	bank	NOUN
fbem-18291	79	33	are	be	AUX
fbem-18291	79	34	exposed	expose	VERB
fbem-18291	79	35	to	to	ADP
fbem-18291	79	36	liquidity	liquidity	NOUN
fbem-18291	79	37	risk	risk	NOUN
fbem-18291	79	38	although	although	SCONJ
fbem-18291	79	39	they	they	PRON
fbem-18291	79	40	are	be	AUX
fbem-18291	79	41	liquidity	liquidity	NOUN
fbem-18291	79	42	providers	provider	NOUN
fbem-18291	79	43	to	to	ADP
fbem-18291	79	44	depositors	depositor	NOUN
fbem-18291	79	45	.	.	PUNCT
fbem-18291	80	1	thadden	thadden	NOUN
fbem-18291	80	2	(	(	PUNCT
fbem-18291	80	3	2004	2004	NUM
fbem-18291	80	4	)	)	PUNCT
fbem-18291	80	5	and	and	CCONJ
fbem-18291	80	6	coval	coval	NOUN
fbem-18291	80	7	and	and	CCONJ
fbem-18291	80	8	thakor	thakor	NOUN
fbem-18291	80	9	(	(	PUNCT
fbem-18291	80	10	2005	2005	NUM
fbem-18291	80	11	)	)	PUNCT
fbem-18291	80	12	indicated	indicate	VERB
fbem-18291	80	13	that	that	SCONJ
fbem-18291	80	14	when	when	SCONJ
fbem-18291	80	15	the	the	DET
fbem-18291	80	16	economic	economic	ADJ
fbem-18291	80	17	growth	growth	NOUN
fbem-18291	80	18	rate	rate	NOUN
fbem-18291	80	19	is	be	AUX
fbem-18291	80	20	positive	positive	ADJ
fbem-18291	80	21	,	,	PUNCT
fbem-18291	80	22	there	there	PRON
fbem-18291	80	23	is	be	VERB
fbem-18291	80	24	a	a	DET
fbem-18291	80	25	positive	positive	ADJ
fbem-18291	80	26	correlation	correlation	NOUN
fbem-18291	80	27	between	between	ADP
fbem-18291	80	28	financial	financial	ADJ
fbem-18291	80	29	institutions	institution	NOUN
fbem-18291	80	30	’	'	PUNCT
fbem-18291	80	31	risk	risk	NOUN
fbem-18291	80	32	-	-	PUNCT
fbem-18291	80	33	taking	take	VERB
fbem-18291	80	34	and	and	CCONJ
fbem-18291	80	35	liquidity	liquidity	NOUN
fbem-18291	80	36	creation	creation	NOUN
fbem-18291	80	37	.	.	PUNCT
fbem-18291	81	1	liquidity	liquidity	NOUN
fbem-18291	81	2	creation	creation	NOUN
fbem-18291	81	3	reveals	reveal	VERB
fbem-18291	81	4	a	a	DET
fbem-18291	81	5	positive	positive	ADJ
fbem-18291	81	6	correlation	correlation	NOUN
fbem-18291	81	7	.	.	PUNCT
fbem-18291	82	1	basel	basel	PROPN
fbem-18291	82	2	committee	committee	PROPN
fbem-18291	82	3	on	on	ADP
fbem-18291	82	4	banking	banking	NOUN
fbem-18291	82	5	supervision	supervision	NOUN
fbem-18291	82	6	(	(	PUNCT
fbem-18291	82	7	bcbs	bcbs	PROPN
fbem-18291	82	8	)	)	PUNCT
fbem-18291	82	9	(	(	PUNCT
fbem-18291	82	10	2008	2008	NUM
fbem-18291	82	11	)	)	PUNCT
fbem-18291	82	12	stated	state	VERB
fbem-18291	82	13	that	that	SCONJ
fbem-18291	82	14	a	a	DET
fbem-18291	82	15	bank	bank	NOUN
fbem-18291	82	16	’s	’s	PART
fbem-18291	82	17	liquidity	liquidity	NOUN
fbem-18291	82	18	risk	risk	NOUN
fbem-18291	82	19	becomes	become	VERB
fbem-18291	82	20	apparent	apparent	ADJ
fbem-18291	82	21	when	when	SCONJ
fbem-18291	82	22	it	it	PRON
fbem-18291	82	23	is	be	AUX
fbem-18291	82	24	unable	unable	ADJ
fbem-18291	82	25	to	to	PART
fbem-18291	82	26	pay	pay	VERB
fbem-18291	82	27	its	its	PRON
fbem-18291	82	28	debts	debt	NOUN
fbem-18291	82	29	as	as	SCONJ
fbem-18291	82	30	they	they	PRON
fbem-18291	82	31	fall	fall	VERB
fbem-18291	82	32	due	due	ADJ
fbem-18291	82	33	.	.	PUNCT
fbem-18291	83	1	ahmed	ahmed	PROPN
fbem-18291	83	2	arif	arif	PROPN
fbem-18291	83	3	and	and	CCONJ
fbem-18291	83	4	ahmed	ahmed	PROPN
fbem-18291	83	5	nauman	nauman	PROPN
fbem-18291	83	6	anees	anees	PROPN
fbem-18291	83	7	(	(	PUNCT
fbem-18291	83	8	2012	2012	NUM
fbem-18291	83	9	)	)	PUNCT
fbem-18291	83	10	applied	apply	VERB
fbem-18291	83	11	multivariate	multivariate	NOUN
fbem-18291	83	12	regression	regression	NOUN
fbem-18291	83	13	to	to	PART
fbem-18291	83	14	assess	assess	VERB
fbem-18291	83	15	the	the	DET
fbem-18291	83	16	effect	effect	NOUN
fbem-18291	83	17	of	of	ADP
fbem-18291	83	18	the	the	DET
fbem-18291	83	19	impact	impact	NOUN
fbem-18291	83	20	of	of	ADP
fbem-18291	83	21	liquidity	liquidity	NOUN
fbem-18291	83	22	risk	risk	NOUN
fbem-18291	83	23	on	on	ADP
fbem-18291	83	24	bank	bank	NOUN
fbem-18291	83	25	profitability	profitability	NOUN
fbem-18291	83	26	.	.	PUNCT
fbem-18291	84	1	liquidity	liquidity	NOUN
fbem-18291	84	2	risk	risk	NOUN
fbem-18291	84	3	was	be	AUX
fbem-18291	84	4	found	find	VERB
fbem-18291	84	5	to	to	PART
fbem-18291	84	6	have	have	VERB
fbem-18291	84	7	a	a	DET
fbem-18291	84	8	significant	significant	ADJ
fbem-18291	84	9	impact	impact	NOUN
fbem-18291	84	10	on	on	ADP
fbem-18291	84	11	bank	bank	NOUN
fbem-18291	84	12	profitability	profitability	NOUN
fbem-18291	84	13	and	and	CCONJ
fbem-18291	84	14	liquidity	liquidity	NOUN
fbem-18291	84	15	gap	gap	NOUN
fbem-18291	84	16	is	be	AUX
fbem-18291	84	17	two	two	NUM
fbem-18291	84	18	factors	factor	NOUN
fbem-18291	84	19	that	that	PRON
fbem-18291	84	20	exacerbate	exacerbate	VERB
fbem-18291	84	21	liquidity	liquidity	NOUN
fbem-18291	84	22	risk	risk	NOUN
fbem-18291	84	23	and	and	CCONJ
fbem-18291	84	24	it	it	PRON
fbem-18291	84	25	is	be	AUX
fbem-18291	84	26	negatively	negatively	ADV
fbem-18291	84	27	related	relate	VERB
fbem-18291	84	28	to	to	ADP
fbem-18291	84	29	profitability[13	profitability[13	NOUN
fbem-18291	84	30	]	]	PUNCT
fbem-18291	84	31	.	.	PUNCT
fbem-18291	85	1	adrian	adrian	PROPN
fbem-18291	85	2	c.h	c.h	PROPN
fbem-18291	85	3	.	.	PROPN
fbem-18291	85	4	lei	lei	PROPN
fbem-18291	85	5	and	and	CCONJ
fbem-18291	85	6	zhuoyun	zhuoyun	NOUN
fbem-18291	85	7	song	song	NOUN
fbem-18291	85	8	(	(	PUNCT
fbem-18291	85	9	2013	2013	NUM
fbem-18291	85	10	)	)	PUNCT
fbem-18291	85	11	proposed	propose	VERB
fbem-18291	85	12	the	the	DET
fbem-18291	85	13	‘	'	PUNCT
fbem-18291	85	14	financial	financial	ADJ
fbem-18291	85	15	crowding	crowd	VERB
fbem-18291	85	16	out	out	ADP
fbem-18291	85	17	effect	effect	NOUN
fbem-18291	85	18	’	'	PUNCT
fbem-18291	85	19	,	,	PUNCT
fbem-18291	85	20	stating	state	VERB
fbem-18291	85	21	that	that	SCONJ
fbem-18291	85	22	the	the	DET
fbem-18291	85	23	amount	amount	NOUN
fbem-18291	85	24	of	of	ADP
fbem-18291	85	25	capital	capital	NOUN
fbem-18291	85	26	of	of	ADP
fbem-18291	85	27	a	a	DET
fbem-18291	85	28	bank	bank	NOUN
fbem-18291	85	29	is	be	AUX
fbem-18291	85	30	inversely	inversely	ADV
fbem-18291	85	31	proportional	proportional	ADJ
fbem-18291	85	32	to	to	ADP
fbem-18291	85	33	its	its	PRON
fbem-18291	85	34	liquidity	liquidity	NOUN
fbem-18291	85	35	creation	creation	NOUN
fbem-18291	85	36	.	.	PUNCT
fbem-18291	86	1	aleksandra	aleksandra	PROPN
fbem-18291	86	2	žuk	žuk	PROPN
fbem-18291	86	3	-	-	PUNCT
fbem-18291	86	4	butkuvienė	butkuvienė	ADJ
fbem-18291	86	5	et	et	PROPN
fbem-18291	86	6	al	al	PROPN
fbem-18291	86	7	.	.	PROPN
fbem-18291	87	1	(	(	PUNCT
fbem-18291	87	2	2014	2014	NUM
fbem-18291	87	3	)	)	PUNCT
fbem-18291	87	4	confirmed	confirm	VERB
fbem-18291	87	5	that	that	SCONJ
fbem-18291	87	6	failure	failure	NOUN
fbem-18291	87	7	of	of	ADP
fbem-18291	87	8	quality	quality	NOUN
fbem-18291	87	9	control	control	NOUN
fbem-18291	87	10	and	and	CCONJ
fbem-18291	87	11	mismatch	mismatch	NOUN
fbem-18291	87	12	of	of	ADP
fbem-18291	87	13	banks	bank	NOUN
fbem-18291	87	14	’	’	PART
fbem-18291	87	15	assets	asset	NOUN
fbem-18291	87	16	and	and	CCONJ
fbem-18291	87	17	liabilities	liability	NOUN
fbem-18291	87	18	are	be	AUX
fbem-18291	87	19	the	the	DET
fbem-18291	87	20	most	most	ADV
fbem-18291	87	21	important	important	ADJ
fbem-18291	87	22	factors	factor	NOUN
fbem-18291	87	23	that	that	PRON
fbem-18291	87	24	affect	affect	VERB
fbem-18291	87	25	the	the	DET
fbem-18291	87	26	profitability	profitability	NOUN
fbem-18291	87	27	of	of	ADP
fbem-18291	87	28	banks	bank	NOUN
fbem-18291	87	29	and	and	CCONJ
fbem-18291	87	30	misalignment	misalignment	NOUN
fbem-18291	87	31	of	of	ADP
fbem-18291	87	32	banks	bank	NOUN
fbem-18291	87	33	’	’	PART
fbem-18291	87	34	assets	asset	NOUN
fbem-18291	87	35	and	and	CCONJ
fbem-18291	87	36	liabilities	liability	NOUN
fbem-18291	87	37	are	be	AUX
fbem-18291	87	38	important	important	ADJ
fbem-18291	87	39	causes	cause	NOUN
fbem-18291	87	40	of	of	ADP
fbem-18291	87	41	liquidity	liquidity	NOUN
fbem-18291	87	42	risk	risk	NOUN
fbem-18291	87	43	.	.	PUNCT
fbem-18291	88	1	however	however	ADV
fbem-18291	88	2	,	,	PUNCT
fbem-18291	88	3	david	david	PROPN
fbem-18291	88	4	et	et	PROPN
fbem-18291	88	5	al	al	PROPN
fbem-18291	88	6	.	.	PROPN
fbem-18291	88	7	(	(	PUNCT
fbem-18291	88	8	2015	2015	NUM
fbem-18291	88	9	)	)	PUNCT
fbem-18291	88	10	also	also	ADV
fbem-18291	88	11	affirmed	affirm	VERB
fbem-18291	88	12	that	that	SCONJ
fbem-18291	88	13	when	when	SCONJ
fbem-18291	88	14	the	the	DET
fbem-18291	88	15	macroeconomic	macroeconomic	ADJ
fbem-18291	88	16	environment	environment	NOUN
fbem-18291	88	17	changes	change	NOUN
fbem-18291	88	18	from	from	ADP
fbem-18291	88	19	positive	positive	ADJ
fbem-18291	88	20	to	to	ADP
fbem-18291	88	21	negative	negative	ADJ
fbem-18291	88	22	and	and	CCONJ
fbem-18291	88	23	liquidity	liquidity	NOUN
fbem-18291	88	24	turns	turn	VERB
fbem-18291	88	25	tight	tight	ADJ
fbem-18291	88	26	,	,	PUNCT
fbem-18291	88	27	banks	bank	NOUN
fbem-18291	88	28	’	'	PUNCT
fbem-18291	88	29	liability	liability	NOUN
fbem-18291	88	30	stability	stability	NOUN
fbem-18291	88	31	decreases	decrease	VERB
fbem-18291	88	32	,	,	PUNCT
fbem-18291	88	33	which	which	PRON
fbem-18291	88	34	leads	lead	VERB
fbem-18291	88	35	to	to	ADP
fbem-18291	88	36	the	the	DET
fbem-18291	88	37	highlighting	highlighting	NOUN
fbem-18291	88	38	of	of	ADP
fbem-18291	88	39	liquidity	liquidity	NOUN
fbem-18291	88	40	risk	risk	NOUN
fbem-18291	88	41	.	.	PUNCT
fbem-18291	89	1	aisyah	aisyah	PROPN
fbem-18291	89	2	abdul	abdul	PROPN
fbem-18291	89	3	-	-	PUNCT
fbem-18291	89	4	rahmana	rahmana	PROPN
fbem-18291	89	5	,	,	PUNCT
fbem-18291	89	6	ahmad	ahmad	PROPN
fbem-18291	89	7	azam	azam	PROPN
fbem-18291	89	8	sulaiman	sulaiman	PROPN
fbem-18291	89	9	(	(	PUNCT
fbem-18291	89	10	2017	2017	NUM
fbem-18291	89	11	)	)	PUNCT
fbem-18291	89	12	empirically	empirically	ADV
fbem-18291	89	13	discovered	discover	VERB
fbem-18291	89	14	that	that	SCONJ
fbem-18291	89	15	the	the	DET
fbem-18291	89	16	increase	increase	NOUN
fbem-18291	89	17	in	in	ADP
fbem-18291	89	18	the	the	DET
fbem-18291	89	19	share	share	NOUN
fbem-18291	89	20	of	of	ADP
fbem-18291	89	21	real	real	ADJ
fbem-18291	89	22	estate	estate	NOUN
fbem-18291	89	23	funding	funding	NOUN
fbem-18291	89	24	can	can	AUX
fbem-18291	89	25	in	in	ADP
fbem-18291	89	26	some	some	DET
fbem-18291	89	27	extent	extent	NOUN
fbem-18291	89	28	lead	lead	NOUN
fbem-18291	89	29	to	to	ADP
fbem-18291	89	30	long	long	ADJ
fbem-18291	89	31	-	-	PUNCT
fbem-18291	89	32	term	term	NOUN
fbem-18291	89	33	liquidity	liquidity	NOUN
fbem-18291	89	34	risk	risk	NOUN
fbem-18291	89	35	.	.	PUNCT
fbem-18291	90	1	this	this	PRON
fbem-18291	90	2	is	be	AUX
fbem-18291	90	3	because	because	SCONJ
fbem-18291	90	4	the	the	DET
fbem-18291	90	5	credit	credit	NOUN
fbem-18291	90	6	risk	risk	NOUN
fbem-18291	90	7	of	of	ADP
fbem-18291	90	8	real	real	ADJ
fbem-18291	90	9	estate	estate	NOUN
fbem-18291	90	10	financing	financing	NOUN
fbem-18291	90	11	increases	increase	NOUN
fbem-18291	90	12	over	over	ADP
fbem-18291	90	13	time	time	NOUN
fbem-18291	90	14	,	,	PUNCT
fbem-18291	90	15	which	which	PRON
fbem-18291	90	16	can	can	AUX
fbem-18291	90	17	contribute	contribute	VERB
fbem-18291	90	18	to	to	ADP
fbem-18291	90	19	financial	financial	ADJ
fbem-18291	90	20	stability	stability	NOUN
fbem-18291	90	21	in	in	ADP
fbem-18291	90	22	the	the	DET
fbem-18291	90	23	short	short	ADJ
fbem-18291	90	24	-	-	PUNCT
fbem-18291	90	25	term	term	NOUN
fbem-18291	90	26	but	but	CCONJ
fbem-18291	90	27	induces	induce	VERB
fbem-18291	90	28	liquidity	liquidity	NOUN
fbem-18291	90	29	risk	risk	NOUN
fbem-18291	90	30	when	when	SCONJ
fbem-18291	90	31	accumulated	accumulate	VERB
fbem-18291	90	32	over	over	ADP
fbem-18291	90	33	time	time	NOUN
fbem-18291	90	34	.	.	PUNCT
fbem-18291	91	1	galletta	galletta	VERB
fbem-18291	91	2	and	and	CCONJ
fbem-18291	91	3	m	m	PRON
fbem-18291	91	4	azzù	azzù	ADJ
fbem-18291	91	5	(	(	PUNCT
fbem-18291	91	6	2019	2019	NUM
fbem-18291	91	7	)	)	PUNCT
fbem-18291	91	8	use	use	VERB
fbem-18291	91	9	a	a	DET
fbem-18291	91	10	generalised	generalised	ADJ
fbem-18291	91	11	approach	approach	NOUN
fbem-18291	91	12	with	with	ADP
fbem-18291	91	13	a	a	DET
fbem-18291	91	14	moment	moment	NOUN
fbem-18291	91	15	two	two	NUM
fbem-18291	91	16	-	-	PUNCT
fbem-18291	91	17	step	step	NOUN
fbem-18291	91	18	estimator	estimator	NOUN
fbem-18291	91	19	to	to	PART
fbem-18291	91	20	demonstrate	demonstrate	VERB
fbem-18291	91	21	that	that	SCONJ
fbem-18291	91	22	the	the	DET
fbem-18291	91	23	increase	increase	NOUN
fbem-18291	91	24	in	in	ADP
fbem-18291	91	25	the	the	DET
fbem-18291	91	26	size	size	NOUN
fbem-18291	91	27	of	of	ADP
fbem-18291	91	28	a	a	DET
fbem-18291	91	29	bank	bank	NOUN
fbem-18291	91	30	and	and	CCONJ
fbem-18291	91	31	diversification	diversification	NOUN
fbem-18291	91	32	of	of	ADP
fbem-18291	91	33	its	its	PRON
fbem-18291	91	34	income	income	NOUN
fbem-18291	91	35	increases	increase	VERB
fbem-18291	91	36	liquidity	liquidity	NOUN
fbem-18291	91	37	risk	risk	NOUN
fbem-18291	91	38	,	,	PUNCT
fbem-18291	91	39	whilst	whilst	SCONJ
fbem-18291	91	40	for	for	ADP
fbem-18291	91	41	non	non	ADJ
fbem-18291	91	42	-	-	ADJ
fbem-18291	91	43	deposit	deposit	ADJ
fbem-18291	91	44	funding	funding	NOUN
fbem-18291	91	45	,	,	PUNCT
fbem-18291	91	46	dependent	dependent	ADJ
fbem-18291	91	47	investment	investment	NOUN
fbem-18291	91	48	banks	bank	NOUN
fbem-18291	91	49	will	will	AUX
fbem-18291	91	50	have	have	VERB
fbem-18291	91	51	a	a	DET
fbem-18291	91	52	lower	low	ADJ
fbem-18291	91	53	exposure	exposure	NOUN
fbem-18291	91	54	to	to	ADP
fbem-18291	91	55	liquidity	liquidity	NOUN
fbem-18291	91	56	risk[14	risk[14	PROPN
fbem-18291	91	57	]	]	PUNCT
fbem-18291	91	58	.	.	PUNCT
fbem-18291	92	1	the	the	DET
fbem-18291	92	2	emergence	emergence	NOUN
fbem-18291	92	3	of	of	ADP
fbem-18291	92	4	fintech	fintech	NOUN
fbem-18291	92	5	companies	company	NOUN
fbem-18291	92	6	has	have	AUX
fbem-18291	92	7	somewhat	somewhat	ADV
fbem-18291	92	8	intensified	intensify	VERB
fbem-18291	92	9	the	the	DET
fbem-18291	92	10	competition	competition	NOUN
fbem-18291	92	11	amongst	amongst	ADP
fbem-18291	92	12	traditional	traditional	ADJ
fbem-18291	92	13	banks	bank	NOUN
fbem-18291	92	14	.	.	PUNCT
fbem-18291	93	1	how	how	SCONJ
fbem-18291	93	2	to	to	PART
fbem-18291	93	3	attract	attract	VERB
fbem-18291	93	4	high	high	ADJ
fbem-18291	93	5	-	-	PUNCT
fbem-18291	93	6	quality	quality	NOUN
fbem-18291	93	7	customer	customer	NOUN
fbem-18291	93	8	resources	resource	NOUN
fbem-18291	93	9	and	and	CCONJ
fbem-18291	93	10	improve	improve	VERB
fbem-18291	93	11	the	the	DET
fbem-18291	93	12	efficiency	efficiency	NOUN
fbem-18291	93	13	of	of	ADP
fbem-18291	93	14	capital	capital	NOUN
fbem-18291	93	15	use	use	NOUN
fbem-18291	93	16	has	have	AUX
fbem-18291	93	17	become	become	VERB
fbem-18291	93	18	a	a	DET
fbem-18291	93	19	top	top	ADJ
fbem-18291	93	20	priority	priority	NOUN
fbem-18291	93	21	for	for	ADP
fbem-18291	93	22	traditional	traditional	ADJ
fbem-18291	93	23	banks	bank	NOUN
fbem-18291	93	24	.	.	PUNCT
fbem-18291	94	1	fierce	fierce	ADJ
fbem-18291	94	2	competition	competition	NOUN
fbem-18291	94	3	also	also	ADV
fbem-18291	94	4	affects	affect	VERB
fbem-18291	94	5	interbank	interbank	NOUN
fbem-18291	94	6	liquidity	liquidity	NOUN
fbem-18291	94	7	.	.	PUNCT
fbem-18291	95	1	allen	allen	PROPN
fbem-18291	95	2	et	et	PROPN
fbem-18291	95	3	al	al	PROPN
fbem-18291	95	4	.	.	PROPN
fbem-18291	96	1	(	(	PUNCT
fbem-18291	96	2	2017	2017	NUM
fbem-18291	96	3	)	)	PUNCT
fbem-18291	96	4	stated	state	VERB
fbem-18291	96	5	that	that	SCONJ
fbem-18291	96	6	bank	bank	NOUN
fbem-18291	96	7	lending	lending	NOUN
fbem-18291	96	8	rates	rate	NOUN
fbem-18291	96	9	will	will	AUX
fbem-18291	96	10	be	be	AUX
fbem-18291	96	11	reduced	reduce	VERB
fbem-18291	96	12	due	due	ADP
fbem-18291	96	13	to	to	ADP
fbem-18291	96	14	the	the	DET
fbem-18291	96	15	increase	increase	NOUN
fbem-18291	96	16	of	of	ADP
fbem-18291	96	17	competition	competition	NOUN
fbem-18291	96	18	,	,	PUNCT
fbem-18291	96	19	which	which	PRON
fbem-18291	96	20	will	will	AUX
fbem-18291	96	21	lead	lead	VERB
fbem-18291	96	22	to	to	ADP
fbem-18291	96	23	the	the	DET
fbem-18291	96	24	narrowing	narrowing	NOUN
fbem-18291	96	25	of	of	ADP
fbem-18291	96	26	credit	credit	NOUN
fbem-18291	96	27	spreads	spread	NOUN
fbem-18291	96	28	and	and	CCONJ
fbem-18291	96	29	the	the	DET
fbem-18291	96	30	decline	decline	NOUN
fbem-18291	96	31	of	of	ADP
fbem-18291	96	32	profitability	profitability	NOUN
fbem-18291	96	33	.	.	PUNCT
fbem-18291	97	1	moreover	moreover	ADV
fbem-18291	97	2	,	,	PUNCT
fbem-18291	97	3	if	if	SCONJ
fbem-18291	97	4	a	a	DET
fbem-18291	97	5	bank	bank	NOUN
fbem-18291	97	6	’s	’s	PART
fbem-18291	97	7	access	access	NOUN
fbem-18291	97	8	to	to	ADP
fbem-18291	97	9	cash	cash	NOUN
fbem-18291	97	10	is	be	AUX
fbem-18291	97	11	diverted	divert	VERB
fbem-18291	97	12	by	by	ADP
fbem-18291	97	13	other	other	ADJ
fbem-18291	97	14	banks	bank	NOUN
fbem-18291	97	15	or	or	CCONJ
fbem-18291	97	16	intercepted	intercept	VERB
fbem-18291	97	17	by	by	ADP
fbem-18291	97	18	fintech	fintech	NOUN
fbem-18291	97	19	companies	company	NOUN
fbem-18291	97	20	,	,	PUNCT
fbem-18291	97	21	then	then	ADV
fbem-18291	97	22	its	its	PRON
fbem-18291	97	23	liquidity	liquidity	NOUN
fbem-18291	97	24	must	must	AUX
fbem-18291	97	25	be	be	AUX
fbem-18291	97	26	affected	affect	VERB
fbem-18291	97	27	accordingly	accordingly	ADV
fbem-18291	97	28	.	.	PUNCT
fbem-18291	98	1	2.3	2.3	NUM
fbem-18291	98	2	.	.	PUNCT
fbem-18291	98	3	impact	impact	NOUN
fbem-18291	98	4	of	of	ADP
fbem-18291	98	5	fintech	fintech	NOUN
fbem-18291	98	6	on	on	ADP
fbem-18291	98	7	commercial	commercial	ADJ
fbem-18291	98	8	banks	bank	NOUN
fbem-18291	98	9	fintech	fintech	NOUN
fbem-18291	98	10	has	have	AUX
fbem-18291	98	11	been	be	AUX
fbem-18291	98	12	given	give	VERB
fbem-18291	98	13	the	the	DET
fbem-18291	98	14	reputation	reputation	NOUN
fbem-18291	98	15	of	of	ADP
fbem-18291	98	16	being	be	AUX
fbem-18291	98	17	‘	'	PUNCT
fbem-18291	98	18	advanced	advanced	ADJ
fbem-18291	98	19	’	'	PUNCT
fbem-18291	98	20	and	and	CCONJ
fbem-18291	98	21	‘	'	PUNCT
fbem-18291	98	22	competitive	competitive	ADJ
fbem-18291	98	23	’	'	PUNCT
fbem-18291	98	24	in	in	ADP
fbem-18291	98	25	the	the	DET
fbem-18291	98	26	financial	financial	ADJ
fbem-18291	98	27	industry	industry	NOUN
fbem-18291	98	28	(	(	PUNCT
fbem-18291	98	29	gai	gai	NOUN
fbem-18291	98	30	,	,	PUNCT
fbem-18291	98	31	qiu	qiu	PROPN
fbem-18291	98	32	and	and	CCONJ
fbem-18291	98	33	sun	sun	NOUN
fbem-18291	98	34	,	,	PUNCT
fbem-18291	98	35	2018	2018	NUM
fbem-18291	98	36	)	)	PUNCT
fbem-18291	98	37	.	.	PUNCT
fbem-18291	99	1	nowadays	nowadays	ADV
fbem-18291	99	2	the	the	DET
fbem-18291	99	3	impact	impact	NOUN
fbem-18291	99	4	of	of	ADP
fbem-18291	99	5	fintech	fintech	NOUN
fbem-18291	99	6	on	on	ADP
fbem-18291	99	7	commercial	commercial	ADJ
fbem-18291	99	8	banks	bank	NOUN
fbem-18291	99	9	has	have	AUX
fbem-18291	99	10	been	be	AUX
fbem-18291	99	11	discussed	discuss	VERB
fbem-18291	99	12	.	.	PUNCT
fbem-18291	100	1	the	the	DET
fbem-18291	100	2	emergence	emergence	NOUN
fbem-18291	100	3	of	of	ADP
fbem-18291	100	4	any	any	DET
fbem-18291	100	5	new	new	ADJ
fbem-18291	100	6	technology	technology	NOUN
fbem-18291	100	7	has	have	VERB
fbem-18291	100	8	a	a	DET
fbem-18291	100	9	two	two	NUM
fbem-18291	100	10	-	-	PUNCT
fbem-18291	100	11	sided	sided	ADJ
fbem-18291	100	12	impact	impact	NOUN
fbem-18291	100	13	on	on	ADP
fbem-18291	100	14	the	the	DET
fbem-18291	100	15	world	world	NOUN
fbem-18291	100	16	.	.	PUNCT
fbem-18291	101	1	from	from	ADP
fbem-18291	101	2	one	one	NUM
fbem-18291	101	3	perspective	perspective	NOUN
fbem-18291	101	4	,	,	PUNCT
fbem-18291	101	5	the	the	DET
fbem-18291	101	6	rise	rise	NOUN
fbem-18291	101	7	of	of	ADP
fbem-18291	101	8	fintech	fintech	NOUN
fbem-18291	101	9	will	will	AUX
fbem-18291	101	10	inject	inject	VERB
fbem-18291	101	11	a	a	DET
fbem-18291	101	12	new	new	ADJ
fbem-18291	101	13	momentum	momentum	NOUN
fbem-18291	101	14	for	for	ADP
fbem-18291	101	15	the	the	DET
fbem-18291	101	16	traditional	traditional	ADJ
fbem-18291	101	17	banking	banking	NOUN
fbem-18291	101	18	industry[15	industry[15	NOUN
fbem-18291	101	19	]	]	PUNCT
fbem-18291	101	20	lapavitsas	lapavitsa	VERB
fbem-18291	101	21	et	et	NOUN
fbem-18291	101	22	al.(2008	al.(2008	PROPN
fbem-18291	101	23	)	)	PUNCT
fbem-18291	101	24	argued	argue	VERB
fbem-18291	101	25	that	that	SCONJ
fbem-18291	101	26	with	with	ADP
fbem-18291	101	27	the	the	DET
fbem-18291	101	28	continuous	continuous	ADJ
fbem-18291	101	29	innovation	innovation	NOUN
fbem-18291	101	30	of	of	ADP
fbem-18291	101	31	information	information	NOUN
fbem-18291	101	32	technology	technology	NOUN
fbem-18291	101	33	,	,	PUNCT
fbem-18291	101	34	the	the	DET
fbem-18291	101	35	information	information	NOUN
fbem-18291	101	36	possessed	possess	VERB
fbem-18291	101	37	by	by	ADP
fbem-18291	101	38	commercial	commercial	ADJ
fbem-18291	101	39	banks	bank	NOUN
fbem-18291	101	40	will	will	AUX
fbem-18291	101	41	become	become	VERB
fbem-18291	101	42	increasingly	increasingly	ADV
fbem-18291	101	43	objective	objective	ADJ
fbem-18291	101	44	and	and	CCONJ
fbem-18291	101	45	transparent	transparent	ADJ
fbem-18291	101	46	,	,	PUNCT
fbem-18291	101	47	which	which	PRON
fbem-18291	101	48	in	in	ADP
fbem-18291	101	49	turn	turn	NOUN
fbem-18291	101	50	will	will	AUX
fbem-18291	101	51	help	help	VERB
fbem-18291	101	52	to	to	PART
fbem-18291	101	53	conduct	conduct	VERB
fbem-18291	101	54	credit	credit	NOUN
fbem-18291	101	55	business	business	NOUN
fbem-18291	101	56	and	and	CCONJ
fbem-18291	101	57	improve	improve	VERB
fbem-18291	101	58	the	the	DET
fbem-18291	101	59	financial	financial	ADJ
fbem-18291	101	60	performance	performance	NOUN
fbem-18291	101	61	of	of	ADP
fbem-18291	101	62	commercial	commercial	ADJ
fbem-18291	101	63	banks	bank	NOUN
fbem-18291	101	64	,	,	PUNCT
fbem-18291	101	65	which	which	PRON
fbem-18291	101	66	means	mean	VERB
fbem-18291	101	67	that	that	SCONJ
fbem-18291	101	68	information	information	NOUN
fbem-18291	101	69	technology	technology	NOUN
fbem-18291	101	70	represented	represent	VERB
fbem-18291	101	71	by	by	ADP
fbem-18291	101	72	financial	financial	ADJ
fbem-18291	101	73	technology	technology	NOUN
fbem-18291	101	74	will	will	AUX
fbem-18291	101	75	help	help	VERB
fbem-18291	101	76	to	to	PART
fbem-18291	101	77	improve	improve	VERB
fbem-18291	101	78	the	the	DET
fbem-18291	101	79	business	business	NOUN
fbem-18291	101	80	level	level	NOUN
fbem-18291	101	81	of	of	ADP
fbem-18291	101	82	commercial	commercial	ADJ
fbem-18291	101	83	banks	bank	NOUN
fbem-18291	101	84	.	.	PUNCT
fbem-18291	102	1	furthermore	furthermore	ADV
fbem-18291	102	2	,	,	PUNCT
fbem-18291	102	3	along	along	ADP
fbem-18291	102	4	with	with	ADP
fbem-18291	102	5	the	the	DET
fbem-18291	102	6	emergence	emergence	NOUN
fbem-18291	102	7	of	of	ADP
fbem-18291	102	8	new	new	ADJ
fbem-18291	102	9	technologies	technology	NOUN
fbem-18291	102	10	such	such	ADJ
fbem-18291	102	11	as	as	ADP
fbem-18291	102	12	intelligent	intelligent	ADJ
fbem-18291	102	13	atms	atms	NOUN
fbem-18291	102	14	and	and	CCONJ
fbem-18291	102	15	mobile	mobile	ADJ
fbem-18291	102	16	banking	banking	NOUN
fbem-18291	102	17	apps	app	NOUN
fbem-18291	102	18	,	,	PUNCT
fbem-18291	102	19	commercial	commercial	ADJ
fbem-18291	102	20	banks	bank	NOUN
fbem-18291	102	21	have	have	AUX
fbem-18291	102	22	undergone	undergo	VERB
fbem-18291	102	23	digital	digital	ADJ
fbem-18291	102	24	upgrading	upgrading	NOUN
fbem-18291	102	25	,	,	PUNCT
fbem-18291	102	26	and	and	CCONJ
fbem-18291	102	27	the	the	DET
fbem-18291	102	28	resulting	result	VERB
fbem-18291	102	29	increase	increase	NOUN
fbem-18291	102	30	in	in	ADP
fbem-18291	102	31	customer	customer	NOUN
fbem-18291	102	32	satisfaction	satisfaction	NOUN
fbem-18291	102	33	signifies	signify	VERB
fbem-18291	102	34	an	an	DET
fbem-18291	102	35	improvement	improvement	NOUN
fbem-18291	102	36	in	in	ADP
fbem-18291	102	37	the	the	DET
fbem-18291	102	38	quality	quality	NOUN
fbem-18291	102	39	of	of	ADP
fbem-18291	102	40	service	service	NOUN
fbem-18291	102	41	and	and	CCONJ
fbem-18291	102	42	efficiency	efficiency	NOUN
fbem-18291	102	43	of	of	ADP
fbem-18291	102	44	the	the	DET
fbem-18291	102	45	bank	bank	NOUN
fbem-18291	102	46	,	,	PUNCT
fbem-18291	102	47	which	which	PRON
fbem-18291	102	48	is	be	AUX
fbem-18291	102	49	closely	closely	ADV
fbem-18291	102	50	related	relate	VERB
fbem-18291	102	51	to	to	ADP
fbem-18291	102	52	its	its	PRON
fbem-18291	102	53	non	non	ADJ
fbem-18291	102	54	-	-	ADJ
fbem-18291	102	55	financial	financial	ADJ
fbem-18291	102	56	performance	performance	NOUN
fbem-18291	102	57	(	(	PUNCT
fbem-18291	102	58	richard	richard	PROPN
fbem-18291	102	59	et	et	PROPN
fbem-18291	102	60	al	al	PROPN
fbem-18291	102	61	.	.	PROPN
fbem-18291	102	62	,	,	PUNCT
fbem-18291	102	63	2009	2009	NUM
fbem-18291	102	64	)	)	PUNCT
fbem-18291	102	65	.	.	PUNCT
fbem-18291	103	1	subsequently	subsequently	ADV
fbem-18291	103	2	in	in	ADP
fbem-18291	103	3	2016	2016	NUM
fbem-18291	103	4	,	,	PUNCT
fbem-18291	103	5	odawa	odawa	PROPN
fbem-18291	103	6	discovered	discover	VERB
fbem-18291	103	7	that	that	SCONJ
fbem-18291	103	8	self	self	NOUN
fbem-18291	103	9	-	-	PUNCT
fbem-18291	103	10	service	service	NOUN
fbem-18291	103	11	technology	technology	NOUN
fbem-18291	103	12	has	have	AUX
fbem-18291	103	13	somewhat	somewhat	ADV
fbem-18291	103	14	enhanced	enhance	VERB
fbem-18291	103	15	customer	customer	NOUN
fbem-18291	103	16	base	base	NOUN
fbem-18291	103	17	,	,	PUNCT
fbem-18291	103	18	market	market	NOUN
fbem-18291	103	19	share	share	NOUN
fbem-18291	103	20	and	and	CCONJ
fbem-18291	103	21	customer	customer	NOUN
fbem-18291	103	22	satisfaction	satisfaction	NOUN
fbem-18291	103	23	in	in	ADP
fbem-18291	103	24	nairobi	nairobi	PROPN
fbem-18291	103	25	bank	bank	PROPN
fbem-18291	103	26	.	.	PUNCT
fbem-18291	104	1	this	this	PRON
fbem-18291	104	2	proves	prove	VERB
fbem-18291	104	3	that	that	SCONJ
fbem-18291	104	4	a	a	DET
fbem-18291	104	5	big	big	ADJ
fbem-18291	104	6	advantage	advantage	NOUN
fbem-18291	104	7	of	of	ADP
fbem-18291	104	8	fintech	fintech	NOUN
fbem-18291	104	9	is	be	AUX
fbem-18291	104	10	to	to	PART
fbem-18291	104	11	enhance	enhance	VERB
fbem-18291	104	12	additional	additional	ADJ
fbem-18291	104	13	services	service	NOUN
fbem-18291	104	14	and	and	CCONJ
fbem-18291	104	15	attract	attract	VERB
fbem-18291	104	16	customer	customer	NOUN
fbem-18291	104	17	base	base	NOUN
fbem-18291	104	18	.	.	PUNCT
fbem-18291	105	1	stoica	stoica	ADV
fbem-18291	105	2	et	et	PROPN
fbem-18291	105	3	al	al	PROPN
fbem-18291	105	4	.	.	PROPN
fbem-18291	106	1	(	(	PUNCT
fbem-18291	106	2	2015	2015	NUM
fbem-18291	106	3	)	)	PUNCT
fbem-18291	106	4	suggested	suggest	VERB
fbem-18291	106	5	that	that	SCONJ
fbem-18291	106	6	the	the	DET
fbem-18291	106	7	improvement	improvement	NOUN
fbem-18291	106	8	of	of	ADP
fbem-18291	106	9	internet	internet	NOUN
fbem-18291	106	10	technology	technology	NOUN
fbem-18291	106	11	can	can	AUX
fbem-18291	106	12	help	help	VERB
fbem-18291	106	13	the	the	DET
fbem-18291	106	14	efficiency	efficiency	NOUN
fbem-18291	106	15	of	of	ADP
fbem-18291	106	16	commercial	commercial	ADJ
fbem-18291	106	17	banks	bank	NOUN
fbem-18291	106	18	,	,	PUNCT
fbem-18291	106	19	because	because	SCONJ
fbem-18291	106	20	commercial	commercial	ADJ
fbem-18291	106	21	banks	bank	NOUN
fbem-18291	106	22	can	can	AUX
fbem-18291	106	23	analyze	analyze	VERB
fbem-18291	106	24	user	user	NOUN
fbem-18291	106	25	information	information	NOUN
fbem-18291	106	26	more	more	ADV
fbem-18291	106	27	quickly	quickly	ADV
fbem-18291	106	28	and	and	CCONJ
fbem-18291	106	29	deliver	deliver	VERB
fbem-18291	106	30	messages	message	NOUN
fbem-18291	106	31	to	to	ADP
fbem-18291	106	32	customers	customer	NOUN
fbem-18291	106	33	,	,	PUNCT
fbem-18291	106	34	followed	follow	VERB
fbem-18291	106	35	by	by	ADP
fbem-18291	106	36	narsalay	narsalay	NOUN
fbem-18291	106	37	(	(	PUNCT
fbem-18291	106	38	2016	2016	NUM
fbem-18291	106	39	)	)	PUNCT
fbem-18291	106	40	who	who	PRON
fbem-18291	106	41	claimed	claim	VERB
fbem-18291	106	42	that	that	SCONJ
fbem-18291	106	43	commercial	commercial	ADJ
fbem-18291	106	44	banks	bank	NOUN
fbem-18291	106	45	have	have	VERB
fbem-18291	106	46	limitations	limitation	NOUN
fbem-18291	106	47	in	in	ADP
fbem-18291	106	48	providing	provide	VERB
fbem-18291	106	49	personalised	personalised	ADJ
fbem-18291	106	50	services	service	NOUN
fbem-18291	106	51	to	to	ADP
fbem-18291	106	52	their	their	PRON
fbem-18291	106	53	customers	customer	NOUN
fbem-18291	106	54	,	,	PUNCT
fbem-18291	106	55	whereas	whereas	SCONJ
fbem-18291	106	56	fintechs	fintech	NOUN
fbem-18291	106	57	are	be	AUX
fbem-18291	106	58	285	285	NUM
fbem-18291	106	59	uniquely	uniquely	ADV
fbem-18291	106	60	placed	place	VERB
fbem-18291	106	61	,	,	PUNCT
fbem-18291	106	62	which	which	PRON
fbem-18291	106	63	can	can	AUX
fbem-18291	106	64	lead	lead	VERB
fbem-18291	106	65	to	to	ADP
fbem-18291	106	66	commercial	commercial	ADJ
fbem-18291	106	67	banks	bank	NOUN
fbem-18291	106	68	to	to	PART
fbem-18291	106	69	innovate	innovate	VERB
fbem-18291	106	70	their	their	PRON
fbem-18291	106	71	services	service	NOUN
fbem-18291	106	72	.	.	PUNCT
fbem-18291	107	1	as	as	ADP
fbem-18291	107	2	a	a	DET
fbem-18291	107	3	result	result	NOUN
fbem-18291	107	4	,	,	PUNCT
fbem-18291	107	5	commercial	commercial	ADJ
fbem-18291	107	6	banks	bank	NOUN
fbem-18291	107	7	deeply	deeply	ADV
fbem-18291	107	8	integrated	integrate	VERB
fbem-18291	107	9	with	with	ADP
fbem-18291	107	10	financial	financial	ADJ
fbem-18291	107	11	technology	technology	NOUN
fbem-18291	107	12	can	can	AUX
fbem-18291	107	13	provide	provide	VERB
fbem-18291	107	14	customized	customized	ADJ
fbem-18291	107	15	services	service	NOUN
fbem-18291	107	16	for	for	ADP
fbem-18291	107	17	different	different	ADJ
fbem-18291	107	18	types	type	NOUN
fbem-18291	107	19	of	of	ADP
fbem-18291	107	20	customers	customer	NOUN
fbem-18291	107	21	more	more	ADV
fbem-18291	107	22	calmly	calmly	ADV
fbem-18291	107	23	,	,	PUNCT
fbem-18291	107	24	thus	thus	ADV
fbem-18291	107	25	improving	improve	VERB
fbem-18291	107	26	customer	customer	NOUN
fbem-18291	107	27	satisfaction	satisfaction	NOUN
fbem-18291	107	28	.	.	PUNCT
fbem-18291	108	1	nicoletti	nicoletti	NOUN
fbem-18291	108	2	(	(	PUNCT
fbem-18291	108	3	2017	2017	NUM
fbem-18291	108	4	)	)	PUNCT
fbem-18291	108	5	suggested	suggest	VERB
fbem-18291	108	6	that	that	SCONJ
fbem-18291	108	7	fintech	fintech	NOUN
fbem-18291	108	8	organisations	organisation	NOUN
fbem-18291	108	9	have	have	VERB
fbem-18291	108	10	a	a	DET
fbem-18291	108	11	reshaping	reshape	VERB
fbem-18291	108	12	role	role	NOUN
fbem-18291	108	13	to	to	PART
fbem-18291	108	14	play	play	VERB
fbem-18291	108	15	in	in	ADP
fbem-18291	108	16	service	service	NOUN
fbem-18291	108	17	industries	industry	NOUN
fbem-18291	108	18	such	such	ADJ
fbem-18291	108	19	as	as	ADP
fbem-18291	108	20	banking	banking	NOUN
fbem-18291	108	21	due	due	ADP
fbem-18291	108	22	to	to	ADP
fbem-18291	108	23	their	their	PRON
fbem-18291	108	24	ability	ability	NOUN
fbem-18291	108	25	to	to	PART
fbem-18291	108	26	provide	provide	VERB
fbem-18291	108	27	customer	customer	NOUN
fbem-18291	108	28	-	-	PUNCT
fbem-18291	108	29	centric	centric	NOUN
fbem-18291	108	30	services	service	NOUN
fbem-18291	108	31	with	with	ADP
fbem-18291	108	32	a	a	DET
fbem-18291	108	33	balance	balance	NOUN
fbem-18291	108	34	of	of	ADP
fbem-18291	108	35	speed	speed	NOUN
fbem-18291	108	36	and	and	CCONJ
fbem-18291	108	37	agility	agility	NOUN
fbem-18291	108	38	,	,	PUNCT
fbem-18291	108	39	backed	back	VERB
fbem-18291	108	40	by	by	ADP
fbem-18291	108	41	forward	forward	ADV
fbem-18291	108	42	-	-	PUNCT
fbem-18291	108	43	looking	look	VERB
fbem-18291	108	44	strategies	strategy	NOUN
fbem-18291	108	45	and	and	CCONJ
fbem-18291	108	46	cuttingedge	cuttingedge	ADJ
fbem-18291	108	47	business	business	NOUN
fbem-18291	108	48	models	model	NOUN
fbem-18291	108	49	.	.	PUNCT
fbem-18291	109	1	nicoletti	nicoletti	PROPN
fbem-18291	109	2	's	's	PART
fbem-18291	109	3	philosophy	philosophy	NOUN
fbem-18291	109	4	coincides	coincide	VERB
fbem-18291	109	5	with	with	ADP
fbem-18291	109	6	narsalay	narsalay	NOUN
fbem-18291	109	7	r	r	NOUN
fbem-18291	109	8	's	's	PART
fbem-18291	109	9	,	,	PUNCT
fbem-18291	109	10	which	which	PRON
fbem-18291	109	11	emphasizes	emphasize	VERB
fbem-18291	109	12	the	the	DET
fbem-18291	109	13	importance	importance	NOUN
fbem-18291	109	14	of	of	ADP
fbem-18291	109	15	commercial	commercial	ADJ
fbem-18291	109	16	banking	banking	NOUN
fbem-18291	109	17	and	and	CCONJ
fbem-18291	109	18	fintech	fintech	NOUN
fbem-18291	109	19	connectivity	connectivity	NOUN
fbem-18291	109	20	.	.	PUNCT
fbem-18291	110	1	this	this	PRON
fbem-18291	110	2	comes	come	VERB
fbem-18291	110	3	on	on	ADP
fbem-18291	110	4	the	the	DET
fbem-18291	110	5	heels	heel	NOUN
fbem-18291	110	6	of	of	ADP
fbem-18291	110	7	sannes	sanne	NOUN
fbem-18291	110	8	’	'	PUNCT
fbem-18291	110	9	(	(	PUNCT
fbem-18291	110	10	2018	2018	NUM
fbem-18291	110	11	)	)	PUNCT
fbem-18291	110	12	survey	survey	NOUN
fbem-18291	110	13	of	of	ADP
fbem-18291	110	14	us	us	PROPN
fbem-18291	110	15	banks	bank	NOUN
fbem-18291	110	16	,	,	PUNCT
fbem-18291	110	17	which	which	PRON
fbem-18291	110	18	affirmed	affirm	VERB
fbem-18291	110	19	that	that	SCONJ
fbem-18291	110	20	more	more	ADJ
fbem-18291	110	21	than	than	ADP
fbem-18291	110	22	a	a	DET
fbem-18291	110	23	third	third	NOUN
fbem-18291	110	24	of	of	ADP
fbem-18291	110	25	them	they	PRON
fbem-18291	110	26	have	have	AUX
fbem-18291	110	27	experienced	experience	VERB
fbem-18291	110	28	a	a	DET
fbem-18291	110	29	dramatic	dramatic	ADJ
fbem-18291	110	30	increase	increase	NOUN
fbem-18291	110	31	in	in	ADP
fbem-18291	110	32	their	their	PRON
fbem-18291	110	33	customer	customer	NOUN
fbem-18291	110	34	base	base	NOUN
fbem-18291	110	35	following	follow	VERB
fbem-18291	110	36	the	the	DET
fbem-18291	110	37	introduction	introduction	NOUN
fbem-18291	110	38	of	of	ADP
fbem-18291	110	39	fintech	fintech	NOUN
fbem-18291	110	40	technology	technology	NOUN
fbem-18291	110	41	.	.	PUNCT
fbem-18291	111	1	this	this	PRON
fbem-18291	111	2	shows	show	VERB
fbem-18291	111	3	that	that	SCONJ
fbem-18291	111	4	fintech	fintech	NOUN
fbem-18291	111	5	technology	technology	NOUN
fbem-18291	111	6	can	can	AUX
fbem-18291	111	7	increase	increase	VERB
fbem-18291	111	8	customer	customer	NOUN
fbem-18291	111	9	stickiness	stickiness	NOUN
fbem-18291	111	10	,	,	PUNCT
fbem-18291	111	11	because	because	SCONJ
fbem-18291	111	12	a	a	DET
fbem-18291	111	13	good	good	ADJ
fbem-18291	111	14	service	service	NOUN
fbem-18291	111	15	experience	experience	NOUN
fbem-18291	111	16	will	will	AUX
fbem-18291	111	17	greatly	greatly	ADV
fbem-18291	111	18	retain	retain	VERB
fbem-18291	111	19	customers	customer	NOUN
fbem-18291	111	20	,	,	PUNCT
fbem-18291	111	21	which	which	PRON
fbem-18291	111	22	emphasizes	emphasize	VERB
fbem-18291	111	23	the	the	DET
fbem-18291	111	24	necessity	necessity	NOUN
fbem-18291	111	25	of	of	ADP
fbem-18291	111	26	the	the	DET
fbem-18291	111	27	integration	integration	NOUN
fbem-18291	111	28	of	of	ADP
fbem-18291	111	29	commercial	commercial	ADJ
fbem-18291	111	30	banks	bank	NOUN
fbem-18291	111	31	and	and	CCONJ
fbem-18291	111	32	fintech[16	fintech[16	NOUN
fbem-18291	111	33	]	]	X
fbem-18291	111	34	.	.	PUNCT
fbem-18291	112	1	in	in	ADP
fbem-18291	112	2	china	china	PROPN
fbem-18291	112	3	,	,	PUNCT
fbem-18291	112	4	banks	bank	NOUN
fbem-18291	112	5	’	'	PUNCT
fbem-18291	112	6	uptake	uptake	NOUN
fbem-18291	112	7	of	of	ADP
fbem-18291	112	8	customers	customer	NOUN
fbem-18291	112	9	has	have	AUX
fbem-18291	112	10	increased	increase	VERB
fbem-18291	112	11	dramatically	dramatically	ADV
fbem-18291	112	12	after	after	ADP
fbem-18291	112	13	the	the	DET
fbem-18291	112	14	accompanying	accompanying	ADJ
fbem-18291	112	15	presence	presence	NOUN
fbem-18291	112	16	of	of	ADP
fbem-18291	112	17	bank	bank	PROPN
fbem-18291	112	18	mobile	mobile	ADJ
fbem-18291	112	19	clients	client	NOUN
fbem-18291	112	20	in	in	ADP
fbem-18291	112	21	an	an	DET
fbem-18291	112	22	increasing	increase	VERB
fbem-18291	112	23	number	number	NOUN
fbem-18291	112	24	of	of	ADP
fbem-18291	112	25	service	service	NOUN
fbem-18291	112	26	windows	window	NOUN
fbem-18291	112	27	of	of	ADP
fbem-18291	112	28	enterprises	enterprise	NOUN
fbem-18291	112	29	and	and	CCONJ
fbem-18291	112	30	business	business	NOUN
fbem-18291	112	31	households	household	NOUN
fbem-18291	112	32	(	(	PUNCT
fbem-18291	112	33	guo	guo	PROPN
fbem-18291	112	34	,	,	PUNCT
fbem-18291	112	35	2019	2019	NUM
fbem-18291	112	36	)	)	PUNCT
fbem-18291	112	37	.	.	PUNCT
fbem-18291	113	1	in	in	ADP
fbem-18291	113	2	the	the	DET
fbem-18291	113	3	past	past	NOUN
fbem-18291	113	4	,	,	PUNCT
fbem-18291	113	5	there	there	PRON
fbem-18291	113	6	were	be	VERB
fbem-18291	113	7	numerous	numerous	ADJ
fbem-18291	113	8	consumer	consumer	NOUN
fbem-18291	113	9	groups	group	NOUN
fbem-18291	113	10	who	who	PRON
fbem-18291	113	11	could	could	AUX
fbem-18291	113	12	not	not	PART
fbem-18291	113	13	have	have	VERB
fbem-18291	113	14	their	their	PRON
fbem-18291	113	15	own	own	ADJ
fbem-18291	113	16	bank	bank	NOUN
fbem-18291	113	17	accounts	account	NOUN
fbem-18291	113	18	because	because	SCONJ
fbem-18291	113	19	of	of	ADP
fbem-18291	113	20	transport	transport	NOUN
fbem-18291	113	21	and	and	CCONJ
fbem-18291	113	22	infrastructure	infrastructure	NOUN
fbem-18291	113	23	problems	problem	NOUN
fbem-18291	113	24	,	,	PUNCT
fbem-18291	113	25	but	but	CCONJ
fbem-18291	113	26	the	the	DET
fbem-18291	113	27	popularity	popularity	NOUN
fbem-18291	113	28	of	of	ADP
fbem-18291	113	29	bank	bank	PROPN
fbem-18291	113	30	mobile	mobile	ADJ
fbem-18291	113	31	phone	phone	NOUN
fbem-18291	113	32	clients	client	NOUN
fbem-18291	113	33	in	in	ADP
fbem-18291	113	34	recent	recent	ADJ
fbem-18291	113	35	years	year	NOUN
fbem-18291	113	36	has	have	AUX
fbem-18291	113	37	made	make	VERB
fbem-18291	113	38	individuals	individual	NOUN
fbem-18291	113	39	in	in	ADP
fbem-18291	113	40	remote	remote	ADJ
fbem-18291	113	41	areas	area	NOUN
fbem-18291	113	42	become	become	VERB
fbem-18291	113	43	potential	potential	ADJ
fbem-18291	113	44	customers	customer	NOUN
fbem-18291	113	45	of	of	ADP
fbem-18291	113	46	banks	bank	NOUN
fbem-18291	113	47	(	(	PUNCT
fbem-18291	113	48	albertyn	albertyn	NOUN
fbem-18291	113	49	,	,	PUNCT
fbem-18291	113	50	2020	2020	NUM
fbem-18291	113	51	)	)	PUNCT
fbem-18291	113	52	.	.	PUNCT
fbem-18291	114	1	with	with	ADP
fbem-18291	114	2	the	the	DET
fbem-18291	114	3	help	help	NOUN
fbem-18291	114	4	of	of	ADP
fbem-18291	114	5	self	self	NOUN
fbem-18291	114	6	-	-	PUNCT
fbem-18291	114	7	service	service	NOUN
fbem-18291	114	8	functions	function	NOUN
fbem-18291	114	9	and	and	CCONJ
fbem-18291	114	10	intelligent	intelligent	ADJ
fbem-18291	114	11	customer	customer	NOUN
fbem-18291	114	12	service	service	NOUN
fbem-18291	114	13	systems	system	NOUN
fbem-18291	114	14	,	,	PUNCT
fbem-18291	114	15	the	the	DET
fbem-18291	114	16	increase	increase	NOUN
fbem-18291	114	17	in	in	ADP
fbem-18291	114	18	information	information	NOUN
fbem-18291	114	19	transparency	transparency	NOUN
fbem-18291	114	20	greatly	greatly	ADV
fbem-18291	114	21	reduces	reduce	VERB
fbem-18291	114	22	the	the	DET
fbem-18291	114	23	perceived	perceive	VERB
fbem-18291	114	24	risks	risk	NOUN
fbem-18291	114	25	of	of	ADP
fbem-18291	114	26	new	new	ADJ
fbem-18291	114	27	customers	customer	NOUN
fbem-18291	114	28	and	and	CCONJ
fbem-18291	114	29	improves	improve	VERB
fbem-18291	114	30	the	the	DET
fbem-18291	114	31	trust	trust	NOUN
fbem-18291	114	32	of	of	ADP
fbem-18291	114	33	basic	basic	ADJ
fbem-18291	114	34	customers	customer	NOUN
fbem-18291	114	35	in	in	ADP
fbem-18291	114	36	commercial	commercial	ADJ
fbem-18291	114	37	banks	bank	NOUN
fbem-18291	114	38	.	.	PUNCT
fbem-18291	115	1	this	this	PRON
fbem-18291	115	2	not	not	PART
fbem-18291	115	3	only	only	ADV
fbem-18291	115	4	helps	help	VERB
fbem-18291	115	5	commercial	commercial	ADJ
fbem-18291	115	6	banks	bank	NOUN
fbem-18291	115	7	to	to	PART
fbem-18291	115	8	enhance	enhance	VERB
fbem-18291	115	9	customer	customer	NOUN
fbem-18291	115	10	stickiness	stickiness	NOUN
fbem-18291	115	11	,	,	PUNCT
fbem-18291	115	12	broaden	broaden	VERB
fbem-18291	115	13	user	user	NOUN
fbem-18291	115	14	channels	channel	NOUN
fbem-18291	115	15	,	,	PUNCT
fbem-18291	115	16	but	but	CCONJ
fbem-18291	115	17	also	also	ADV
fbem-18291	115	18	helps	help	VERB
fbem-18291	115	19	commercial	commercial	ADJ
fbem-18291	115	20	banks	bank	NOUN
fbem-18291	115	21	to	to	PART
fbem-18291	115	22	absorb	absorb	VERB
fbem-18291	115	23	a	a	DET
fbem-18291	115	24	large	large	ADJ
fbem-18291	115	25	number	number	NOUN
fbem-18291	115	26	of	of	ADP
fbem-18291	115	27	deposits[17](kaushik	deposits[17](kaushik	PROPN
fbem-18291	115	28	et	et	PROPN
fbem-18291	115	29	al	al	PROPN
fbem-18291	115	30	.	.	PROPN
fbem-18291	115	31	,	,	PUNCT
fbem-18291	115	32	2022	2022	NUM
fbem-18291	115	33	)	)	PUNCT
fbem-18291	115	34	through	through	ADP
fbem-18291	115	35	the	the	DET
fbem-18291	115	36	use	use	NOUN
fbem-18291	115	37	of	of	ADP
fbem-18291	115	38	blockchain	blockchain	NOUN
fbem-18291	115	39	,	,	PUNCT
fbem-18291	115	40	big	big	ADJ
fbem-18291	115	41	data	datum	NOUN
fbem-18291	115	42	and	and	CCONJ
fbem-18291	115	43	other	other	ADJ
fbem-18291	115	44	information	information	NOUN
fbem-18291	115	45	technology	technology	NOUN
fbem-18291	115	46	,	,	PUNCT
fbem-18291	115	47	commercial	commercial	ADJ
fbem-18291	115	48	banks	bank	NOUN
fbem-18291	115	49	have	have	AUX
fbem-18291	115	50	solved	solve	VERB
fbem-18291	115	51	the	the	DET
fbem-18291	115	52	problems	problem	NOUN
fbem-18291	115	53	of	of	ADP
fbem-18291	115	54	difficult	difficult	ADJ
fbem-18291	115	55	to	to	PART
fbem-18291	115	56	collect	collect	VERB
fbem-18291	115	57	customer	customer	NOUN
fbem-18291	115	58	information	information	NOUN
fbem-18291	115	59	and	and	CCONJ
fbem-18291	115	60	cumbersome	cumbersome	ADJ
fbem-18291	115	61	procedures	procedure	NOUN
fbem-18291	115	62	,	,	PUNCT
fbem-18291	115	63	improving	improve	VERB
fbem-18291	115	64	the	the	DET
fbem-18291	115	65	efficiency	efficiency	NOUN
fbem-18291	115	66	of	of	ADP
fbem-18291	115	67	banks	bank	NOUN
fbem-18291	115	68	’	’	PART
fbem-18291	115	69	lending	lending	NOUN
fbem-18291	115	70	and	and	CCONJ
fbem-18291	115	71	therefore	therefore	ADV
fbem-18291	115	72	revenue	revenue	NOUN
fbem-18291	115	73	(	(	PUNCT
fbem-18291	115	74	gu	gu	PROPN
fbem-18291	115	75	&	&	CCONJ
fbem-18291	115	76	zhang	zhang	PROPN
fbem-18291	115	77	,	,	PUNCT
fbem-18291	115	78	2018	2018	NUM
fbem-18291	115	79	)	)	PUNCT
fbem-18291	115	80	.	.	PUNCT
fbem-18291	116	1	moreover	moreover	ADV
fbem-18291	116	2	,	,	PUNCT
fbem-18291	116	3	fintech	fintech	NOUN
fbem-18291	116	4	can	can	AUX
fbem-18291	116	5	help	help	VERB
fbem-18291	116	6	commercial	commercial	ADJ
fbem-18291	116	7	banks	bank	NOUN
fbem-18291	116	8	to	to	PART
fbem-18291	116	9	improve	improve	VERB
fbem-18291	116	10	credit	credit	NOUN
fbem-18291	116	11	risk	risk	NOUN
fbem-18291	116	12	identification	identification	NOUN
fbem-18291	116	13	ability	ability	NOUN
fbem-18291	116	14	,	,	PUNCT
fbem-18291	116	15	reduce	reduce	VERB
fbem-18291	116	16	bank	bank	NOUN
fbem-18291	116	17	operational	operational	ADJ
fbem-18291	116	18	risk	risk	NOUN
fbem-18291	116	19	and	and	CCONJ
fbem-18291	116	20	increase	increase	VERB
fbem-18291	116	21	profits	profit	NOUN
fbem-18291	116	22	by	by	ADP
fbem-18291	116	23	enhancing	enhance	VERB
fbem-18291	116	24	information	information	NOUN
fbem-18291	116	25	clarity	clarity	NOUN
fbem-18291	116	26	(	(	PUNCT
fbem-18291	116	27	jakˇsiˇc	jakˇsiˇc	NOUN
fbem-18291	116	28	and	and	CCONJ
fbem-18291	116	29	marinˇc	marinˇc	NOUN
fbem-18291	116	30	,	,	PUNCT
fbem-18291	116	31	2019	2019	NUM
fbem-18291	116	32	)	)	PUNCT
fbem-18291	116	33	.	.	PUNCT
fbem-18291	117	1	systemic	systemic	ADJ
fbem-18291	117	2	risk	risk	NOUN
fbem-18291	117	3	can	can	AUX
fbem-18291	117	4	also	also	ADV
fbem-18291	117	5	be	be	AUX
fbem-18291	117	6	reduced	reduce	VERB
fbem-18291	117	7	by	by	ADP
fbem-18291	117	8	fintech	fintech	NOUN
fbem-18291	117	9	(	(	PUNCT
fbem-18291	117	10	fuster	fuster	PROPN
fbem-18291	117	11	,	,	PUNCT
fbem-18291	117	12	plosser	plosser	NOUN
fbem-18291	117	13	,	,	PUNCT
fbem-18291	117	14	schnabl	schnabl	PROPN
fbem-18291	117	15	&	&	CCONJ
fbem-18291	117	16	vickery	vickery	PROPN
fbem-18291	117	17	,	,	PUNCT
fbem-18291	117	18	2019	2019	NUM
fbem-18291	117	19	)	)	PUNCT
fbem-18291	117	20	,	,	PUNCT
fbem-18291	117	21	as	as	SCONJ
fbem-18291	117	22	it	it	PRON
fbem-18291	117	23	can	can	AUX
fbem-18291	117	24	reduce	reduce	VERB
fbem-18291	117	25	human	human	ADJ
fbem-18291	117	26	,	,	PUNCT
fbem-18291	117	27	capital	capital	NOUN
fbem-18291	117	28	,	,	PUNCT
fbem-18291	117	29	and	and	CCONJ
fbem-18291	117	30	time	time	NOUN
fbem-18291	117	31	costs	cost	NOUN
fbem-18291	117	32	by	by	ADP
fbem-18291	117	33	using	use	VERB
fbem-18291	117	34	technologies	technology	NOUN
fbem-18291	117	35	such	such	ADJ
fbem-18291	117	36	as	as	ADP
fbem-18291	117	37	biometrics	biometric	NOUN
fbem-18291	117	38	,	,	PUNCT
fbem-18291	117	39	voice	voice	NOUN
fbem-18291	117	40	recognition	recognition	NOUN
fbem-18291	117	41	,	,	PUNCT
fbem-18291	117	42	and	and	CCONJ
fbem-18291	117	43	intelligent	intelligent	ADJ
fbem-18291	117	44	customer	customer	NOUN
fbem-18291	117	45	service	service	NOUN
fbem-18291	117	46	,	,	PUNCT
fbem-18291	117	47	which	which	PRON
fbem-18291	117	48	can	can	AUX
fbem-18291	117	49	both	both	PRON
fbem-18291	117	50	enhance	enhance	VERB
fbem-18291	117	51	the	the	DET
fbem-18291	117	52	speed	speed	NOUN
fbem-18291	117	53	of	of	ADP
fbem-18291	117	54	information	information	NOUN
fbem-18291	117	55	processing	processing	NOUN
fbem-18291	117	56	and	and	CCONJ
fbem-18291	117	57	prevent	prevent	VERB
fbem-18291	117	58	insider	insider	NOUN
fbem-18291	117	59	fraud[18	fraud[18	PROPN
fbem-18291	117	60	]	]	PUNCT
fbem-18291	117	61	.	.	PUNCT
fbem-18291	118	1	furthermore	furthermore	ADV
fbem-18291	118	2	,	,	PUNCT
fbem-18291	118	3	fintech	fintech	NOUN
fbem-18291	118	4	has	have	AUX
fbem-18291	118	5	changed	change	VERB
fbem-18291	118	6	the	the	DET
fbem-18291	118	7	way	way	NOUN
fbem-18291	118	8	banks	bank	NOUN
fbem-18291	118	9	communicate	communicate	VERB
fbem-18291	118	10	with	with	ADP
fbem-18291	118	11	their	their	PRON
fbem-18291	118	12	customers	customer	NOUN
fbem-18291	118	13	and	and	CCONJ
fbem-18291	118	14	enhanced	enhance	VERB
fbem-18291	118	15	their	their	PRON
fbem-18291	118	16	ability	ability	NOUN
fbem-18291	118	17	to	to	PART
fbem-18291	118	18	deal	deal	VERB
fbem-18291	118	19	with	with	ADP
fbem-18291	118	20	unexpected	unexpected	ADJ
fbem-18291	118	21	risks	risk	NOUN
fbem-18291	118	22	.	.	PUNCT
fbem-18291	119	1	for	for	ADP
fbem-18291	119	2	example	example	NOUN
fbem-18291	119	3	,	,	PUNCT
fbem-18291	119	4	during	during	ADP
fbem-18291	119	5	covid-19	covid-19	PROPN
fbem-18291	119	6	,	,	PUNCT
fbem-18291	119	7	the	the	DET
fbem-18291	119	8	business	business	NOUN
fbem-18291	119	9	of	of	ADP
fbem-18291	119	10	banks	bank	NOUN
fbem-18291	119	11	that	that	PRON
fbem-18291	119	12	focus	focus	VERB
fbem-18291	119	13	on	on	ADP
fbem-18291	119	14	online	online	ADJ
fbem-18291	119	15	services	service	NOUN
fbem-18291	119	16	has	have	AUX
fbem-18291	119	17	not	not	PART
fbem-18291	119	18	only	only	ADV
fbem-18291	119	19	not	not	PART
fbem-18291	119	20	stopped	stop	VERB
fbem-18291	119	21	,	,	PUNCT
fbem-18291	119	22	but	but	CCONJ
fbem-18291	119	23	even	even	ADV
fbem-18291	119	24	improved	improve	VERB
fbem-18291	119	25	the	the	DET
fbem-18291	119	26	efficiency	efficiency	NOUN
fbem-18291	119	27	of	of	ADP
fbem-18291	119	28	business	business	NOUN
fbem-18291	119	29	processing	processing	NOUN
fbem-18291	119	30	through	through	ADP
fbem-18291	119	31	online	online	ADJ
fbem-18291	119	32	banking	banking	NOUN
fbem-18291	119	33	,	,	PUNCT
fbem-18291	119	34	mobile	mobile	ADJ
fbem-18291	119	35	banking	banking	NOUN
fbem-18291	119	36	and	and	CCONJ
fbem-18291	119	37	other	other	ADJ
fbem-18291	119	38	handling	handling	NOUN
fbem-18291	119	39	methods	method	NOUN
fbem-18291	119	40	.	.	PUNCT
fbem-18291	120	1	this	this	PRON
fbem-18291	120	2	not	not	PART
fbem-18291	120	3	only	only	ADV
fbem-18291	120	4	guarantees	guarantee	VERB
fbem-18291	120	5	the	the	DET
fbem-18291	120	6	basic	basic	ADJ
fbem-18291	120	7	rights	right	NOUN
fbem-18291	120	8	and	and	CCONJ
fbem-18291	120	9	interests	interest	NOUN
fbem-18291	120	10	of	of	ADP
fbem-18291	120	11	customers	customer	NOUN
fbem-18291	120	12	,	,	PUNCT
fbem-18291	120	13	but	but	CCONJ
fbem-18291	120	14	also	also	ADV
fbem-18291	120	15	enhances	enhance	VERB
fbem-18291	120	16	its	its	PRON
fbem-18291	120	17	competitiveness	competitiveness	NOUN
fbem-18291	120	18	through	through	ADP
fbem-18291	120	19	its	its	PRON
fbem-18291	120	20	low	low	ADJ
fbem-18291	120	21	-	-	PUNCT
fbem-18291	120	22	cost	cost	NOUN
fbem-18291	120	23	,	,	PUNCT
fbem-18291	120	24	high	high	ADJ
fbem-18291	120	25	-	-	PUNCT
fbem-18291	120	26	timeliness	timeliness	NOUN
fbem-18291	120	27	services	service	NOUN
fbem-18291	120	28	(	(	PUNCT
fbem-18291	120	29	gupta	gupta	NOUN
fbem-18291	120	30	and	and	CCONJ
fbem-18291	120	31	mandy	mandy	PROPN
fbem-18291	120	32	,	,	PUNCT
fbem-18291	120	33	2018	2018	NUM
fbem-18291	120	34	)	)	PUNCT
fbem-18291	120	35	.	.	PUNCT
fbem-18291	121	1	in	in	ADP
fbem-18291	121	2	china	china	PROPN
fbem-18291	121	3	,	,	PUNCT
fbem-18291	121	4	by	by	ADP
fbem-18291	121	5	building	build	VERB
fbem-18291	121	6	a	a	DET
fbem-18291	121	7	research	research	NOUN
fbem-18291	121	8	model	model	NOUN
fbem-18291	121	9	,	,	PUNCT
fbem-18291	121	10	mingxian	mingxian	PROPN
fbem-18291	121	11	li	li	PROPN
fbem-18291	121	12	and	and	CCONJ
fbem-18291	121	13	yan	yan	PROPN
fbem-18291	121	14	chen	chen	PROPN
fbem-18291	121	15	(	(	PUNCT
fbem-18291	121	16	2021	2021	NUM
fbem-18291	121	17	)	)	PUNCT
fbem-18291	121	18	discovered	discover	VERB
fbem-18291	121	19	that	that	SCONJ
fbem-18291	121	20	fintech	fintech	NOUN
fbem-18291	121	21	can	can	AUX
fbem-18291	121	22	help	help	VERB
fbem-18291	121	23	china	china	PROPN
fbem-18291	121	24	to	to	PART
fbem-18291	121	25	increase	increase	VERB
fbem-18291	121	26	the	the	DET
fbem-18291	121	27	level	level	NOUN
fbem-18291	121	28	of	of	ADP
fbem-18291	121	29	information	information	NOUN
fbem-18291	121	30	sharing	sharing	NOUN
fbem-18291	121	31	.	.	PUNCT
fbem-18291	122	1	the	the	DET
fbem-18291	122	2	advantages	advantage	NOUN
fbem-18291	122	3	of	of	ADP
fbem-18291	122	4	high	high	ADJ
fbem-18291	122	5	timeliness	timeliness	NOUN
fbem-18291	122	6	and	and	CCONJ
fbem-18291	122	7	low	low	ADJ
fbem-18291	122	8	cost	cost	NOUN
fbem-18291	122	9	have	have	AUX
fbem-18291	122	10	led	lead	VERB
fbem-18291	122	11	to	to	ADP
fbem-18291	122	12	an	an	DET
fbem-18291	122	13	unprecedented	unprecedented	ADJ
fbem-18291	122	14	expansion	expansion	NOUN
fbem-18291	122	15	of	of	ADP
fbem-18291	122	16	inclusive	inclusive	ADJ
fbem-18291	122	17	financial	financial	ADJ
fbem-18291	122	18	services	service	NOUN
fbem-18291	122	19	in	in	ADP
fbem-18291	122	20	china	china	PROPN
fbem-18291	122	21	.	.	PUNCT
fbem-18291	123	1	farmers	farmer	NOUN
fbem-18291	123	2	in	in	ADP
fbem-18291	123	3	western	western	ADJ
fbem-18291	123	4	and	and	CCONJ
fbem-18291	123	5	northern	northern	ADJ
fbem-18291	123	6	regions	region	NOUN
fbem-18291	123	7	and	and	CCONJ
fbem-18291	123	8	remote	remote	ADJ
fbem-18291	123	9	mountain	mountain	NOUN
fbem-18291	123	10	villages	village	NOUN
fbem-18291	123	11	are	be	AUX
fbem-18291	123	12	also	also	ADV
fbem-18291	123	13	included	include	VERB
fbem-18291	123	14	in	in	ADP
fbem-18291	123	15	the	the	DET
fbem-18291	123	16	financial	financial	ADJ
fbem-18291	123	17	inclusion	inclusion	NOUN
fbem-18291	123	18	audience	audience	NOUN
fbem-18291	123	19	.	.	PUNCT
fbem-18291	124	1	this	this	DET
fbem-18291	124	2	kind	kind	NOUN
fbem-18291	124	3	of	of	ADP
fbem-18291	124	4	information	information	NOUN
fbem-18291	124	5	interconnection	interconnection	NOUN
fbem-18291	124	6	fundamentally	fundamentally	ADV
fbem-18291	124	7	grasps	grasp	VERB
fbem-18291	124	8	the	the	DET
fbem-18291	124	9	income	income	NOUN
fbem-18291	124	10	information	information	NOUN
fbem-18291	124	11	of	of	ADP
fbem-18291	124	12	people	people	NOUN
fbem-18291	124	13	in	in	ADP
fbem-18291	124	14	poor	poor	ADJ
fbem-18291	124	15	areas	area	NOUN
fbem-18291	124	16	,	,	PUNCT
fbem-18291	124	17	greatly	greatly	ADV
fbem-18291	124	18	supports	support	VERB
fbem-18291	124	19	the	the	DET
fbem-18291	124	20	implementation	implementation	NOUN
fbem-18291	124	21	of	of	ADP
fbem-18291	124	22	china	china	PROPN
fbem-18291	124	23	's	's	PART
fbem-18291	124	24	agriculture	agriculture	NOUN
fbem-18291	124	25	,	,	PUNCT
fbem-18291	124	26	rural	rural	ADJ
fbem-18291	124	27	policy	policy	NOUN
fbem-18291	124	28	,	,	PUNCT
fbem-18291	124	29	and	and	CCONJ
fbem-18291	124	30	promotes	promote	VERB
fbem-18291	124	31	the	the	DET
fbem-18291	124	32	development	development	NOUN
fbem-18291	124	33	of	of	ADP
fbem-18291	124	34	rural	rural	ADJ
fbem-18291	124	35	economy[19	economy[19	NOUN
fbem-18291	124	36	]	]	PUNCT
fbem-18291	124	37	.	.	PUNCT
fbem-18291	125	1	in	in	ADP
fbem-18291	125	2	contrast	contrast	NOUN
fbem-18291	125	3	,	,	PUNCT
fbem-18291	125	4	the	the	DET
fbem-18291	125	5	rise	rise	NOUN
fbem-18291	125	6	of	of	ADP
fbem-18291	125	7	fintech	fintech	NOUN
fbem-18291	125	8	will	will	AUX
fbem-18291	125	9	also	also	ADV
fbem-18291	125	10	bring	bring	VERB
fbem-18291	125	11	alternative	alternative	ADJ
fbem-18291	125	12	challenges	challenge	NOUN
fbem-18291	125	13	to	to	ADP
fbem-18291	125	14	the	the	DET
fbem-18291	125	15	traditional	traditional	ADJ
fbem-18291	125	16	banking	banking	NOUN
fbem-18291	125	17	industry	industry	NOUN
fbem-18291	125	18	,	,	PUNCT
fbem-18291	125	19	that	that	ADV
fbem-18291	125	20	is	is	ADV
fbem-18291	125	21	,	,	PUNCT
fbem-18291	125	22	commercial	commercial	ADJ
fbem-18291	125	23	banks	bank	NOUN
fbem-18291	125	24	may	may	AUX
fbem-18291	125	25	lose	lose	VERB
fbem-18291	125	26	due	due	ADJ
fbem-18291	125	27	profits	profit	NOUN
fbem-18291	125	28	because	because	SCONJ
fbem-18291	125	29	of	of	ADP
fbem-18291	125	30	the	the	DET
fbem-18291	125	31	development	development	NOUN
fbem-18291	125	32	of	of	ADP
fbem-18291	125	33	financial	financial	ADJ
fbem-18291	125	34	technology	technology	NOUN
fbem-18291	125	35	.	.	PUNCT
fbem-18291	126	1	almazari	almazari	PROPN
fbem-18291	126	2	et	et	PROPN
fbem-18291	126	3	al	al	PROPN
fbem-18291	126	4	.	.	PROPN
fbem-18291	127	1	(	(	PUNCT
fbem-18291	127	2	2008	2008	NUM
fbem-18291	127	3	)	)	PUNCT
fbem-18291	127	4	,	,	PUNCT
fbem-18291	127	5	after	after	ADP
fbem-18291	127	6	conducting	conduct	VERB
fbem-18291	127	7	an	an	DET
fbem-18291	127	8	empirical	empirical	ADJ
fbem-18291	127	9	study	study	NOUN
fbem-18291	127	10	on	on	ADP
fbem-18291	127	11	commercial	commercial	ADJ
fbem-18291	127	12	banks	bank	NOUN
fbem-18291	127	13	in	in	ADP
fbem-18291	127	14	jordan	jordan	PROPN
fbem-18291	127	15	,	,	PUNCT
fbem-18291	127	16	suggest	suggest	VERB
fbem-18291	127	17	that	that	SCONJ
fbem-18291	127	18	the	the	DET
fbem-18291	127	19	high	high	ADJ
fbem-18291	127	20	efficiency	efficiency	NOUN
fbem-18291	127	21	and	and	CCONJ
fbem-18291	127	22	low	low	ADJ
fbem-18291	127	23	cost	cost	NOUN
fbem-18291	127	24	of	of	ADP
fbem-18291	127	25	e	e	NOUN
fbem-18291	127	26	-	-	NOUN
fbem-18291	127	27	finance	finance	NOUN
fbem-18291	127	28	can	can	AUX
fbem-18291	127	29	have	have	VERB
fbem-18291	127	30	an	an	DET
fbem-18291	127	31	impact	impact	NOUN
fbem-18291	127	32	on	on	ADP
fbem-18291	127	33	the	the	DET
fbem-18291	127	34	profits	profit	NOUN
fbem-18291	127	35	of	of	ADP
fbem-18291	127	36	traditional	traditional	ADJ
fbem-18291	127	37	commercial	commercial	ADJ
fbem-18291	127	38	banks	bank	NOUN
fbem-18291	127	39	.	.	PUNCT
fbem-18291	128	1	because	because	SCONJ
fbem-18291	128	2	customers	customer	NOUN
fbem-18291	128	3	are	be	AUX
fbem-18291	128	4	more	more	ADV
fbem-18291	128	5	inclined	inclined	ADJ
fbem-18291	128	6	to	to	PART
fbem-18291	128	7	choose	choose	VERB
fbem-18291	128	8	institutions	institution	NOUN
fbem-18291	128	9	that	that	PRON
fbem-18291	128	10	can	can	AUX
fbem-18291	128	11	provide	provide	VERB
fbem-18291	128	12	them	they	PRON
fbem-18291	128	13	with	with	ADP
fbem-18291	128	14	efficient	efficient	ADJ
fbem-18291	128	15	services	service	NOUN
fbem-18291	128	16	due	due	ADP
fbem-18291	128	17	to	to	ADP
fbem-18291	128	18	comfortable	comfortable	ADJ
fbem-18291	128	19	service	service	NOUN
fbem-18291	128	20	experience	experience	NOUN
fbem-18291	128	21	,	,	PUNCT
fbem-18291	128	22	at	at	ADP
fbem-18291	128	23	the	the	DET
fbem-18291	128	24	same	same	ADJ
fbem-18291	128	25	time	time	NOUN
fbem-18291	128	26	,	,	PUNCT
fbem-18291	128	27	the	the	DET
fbem-18291	128	28	low	low	ADJ
fbem-18291	128	29	cost	cost	NOUN
fbem-18291	128	30	of	of	ADP
fbem-18291	128	31	fintech	fintech	NOUN
fbem-18291	128	32	companies	company	NOUN
fbem-18291	128	33	will	will	AUX
fbem-18291	128	34	make	make	VERB
fbem-18291	128	35	them	they	PRON
fbem-18291	128	36	have	have	VERB
fbem-18291	128	37	a	a	DET
fbem-18291	128	38	wider	wide	ADJ
fbem-18291	128	39	profit	profit	NOUN
fbem-18291	128	40	space	space	NOUN
fbem-18291	128	41	,	,	PUNCT
fbem-18291	128	42	so	so	SCONJ
fbem-18291	128	43	that	that	SCONJ
fbem-18291	128	44	they	they	PRON
fbem-18291	128	45	are	be	AUX
fbem-18291	128	46	more	more	ADV
fbem-18291	128	47	competitive	competitive	ADJ
fbem-18291	128	48	than	than	ADP
fbem-18291	128	49	ordinary	ordinary	ADJ
fbem-18291	128	50	commercial	commercial	ADJ
fbem-18291	128	51	banks	bank	NOUN
fbem-18291	128	52	.	.	PUNCT
fbem-18291	129	1	whilst	whilst	SCONJ
fbem-18291	129	2	conducting	conduct	VERB
fbem-18291	129	3	a	a	DET
fbem-18291	129	4	research	research	NOUN
fbem-18291	129	5	study	study	NOUN
fbem-18291	129	6	on	on	ADP
fbem-18291	129	7	e	e	NOUN
fbem-18291	129	8	-	-	ADJ
fbem-18291	129	9	finance	finance	ADJ
fbem-18291	129	10	crime	crime	NOUN
fbem-18291	129	11	investigation	investigation	NOUN
fbem-18291	129	12	,	,	PUNCT
fbem-18291	129	13	petter	petter	NOUN
fbem-18291	129	14	and	and	CCONJ
fbem-18291	129	15	geoff	geoff	PROPN
fbem-18291	129	16	(	(	PUNCT
fbem-18291	129	17	2009	2009	NUM
fbem-18291	129	18	)	)	PUNCT
fbem-18291	129	19	affirmed	affirm	VERB
fbem-18291	129	20	that	that	SCONJ
fbem-18291	129	21	fintech	fintech	NOUN
fbem-18291	129	22	had	have	VERB
fbem-18291	129	23	an	an	DET
fbem-18291	129	24	impact	impact	NOUN
fbem-18291	129	25	on	on	ADP
fbem-18291	129	26	the	the	DET
fbem-18291	129	27	profitable	profitable	ADJ
fbem-18291	129	28	business	business	NOUN
fbem-18291	129	29	of	of	ADP
fbem-18291	129	30	commercial	commercial	ADJ
fbem-18291	129	31	banks	bank	NOUN
fbem-18291	129	32	.	.	PUNCT
fbem-18291	130	1	it	it	PRON
fbem-18291	130	2	not	not	PART
fbem-18291	130	3	only	only	ADV
fbem-18291	130	4	reduced	reduce	VERB
fbem-18291	130	5	the	the	DET
fbem-18291	130	6	profitability	profitability	NOUN
fbem-18291	130	7	of	of	ADP
fbem-18291	130	8	some	some	DET
fbem-18291	130	9	banking	banking	NOUN
fbem-18291	130	10	businesses	business	NOUN
fbem-18291	130	11	,	,	PUNCT
fbem-18291	130	12	but	but	CCONJ
fbem-18291	130	13	also	also	ADV
fbem-18291	130	14	caused	cause	VERB
fbem-18291	130	15	some	some	DET
fbem-18291	130	16	low	low	ADV
fbem-18291	130	17	-	-	PUNCT
fbem-18291	130	18	earning	earn	VERB
fbem-18291	130	19	banking	banking	NOUN
fbem-18291	130	20	businesses	business	NOUN
fbem-18291	130	21	to	to	PART
fbem-18291	130	22	gradually	gradually	ADV
fbem-18291	130	23	become	become	VERB
fbem-18291	130	24	negative	negative	ADJ
fbem-18291	130	25	,	,	PUNCT
fbem-18291	130	26	which	which	PRON
fbem-18291	130	27	affected	affect	VERB
fbem-18291	130	28	the	the	DET
fbem-18291	130	29	profits	profit	NOUN
fbem-18291	130	30	of	of	ADP
fbem-18291	130	31	banks[20	banks[20	NOUN
fbem-18291	130	32	]	]	PUNCT
fbem-18291	130	33	.	.	PUNCT
fbem-18291	131	1	srivastava	srivastava	PROPN
fbem-18291	131	2	(	(	PUNCT
fbem-18291	131	3	2014	2014	NUM
fbem-18291	131	4	)	)	PUNCT
fbem-18291	131	5	also	also	ADV
fbem-18291	131	6	studied	study	VERB
fbem-18291	131	7	commercial	commercial	ADJ
fbem-18291	131	8	banks	bank	NOUN
fbem-18291	131	9	in	in	ADP
fbem-18291	131	10	developing	develop	VERB
fbem-18291	131	11	countries	country	NOUN
fbem-18291	131	12	through	through	ADP
fbem-18291	131	13	empirical	empirical	ADJ
fbem-18291	131	14	analyses	analysis	NOUN
fbem-18291	131	15	and	and	CCONJ
fbem-18291	131	16	concluded	conclude	VERB
fbem-18291	131	17	that	that	SCONJ
fbem-18291	131	18	the	the	DET
fbem-18291	131	19	development	development	NOUN
fbem-18291	131	20	of	of	ADP
fbem-18291	131	21	the	the	DET
fbem-18291	131	22	internet	internet	NOUN
fbem-18291	131	23	finance	finance	NOUN
fbem-18291	131	24	will	will	AUX
fbem-18291	131	25	have	have	VERB
fbem-18291	131	26	a	a	DET
fbem-18291	131	27	certain	certain	ADJ
fbem-18291	131	28	impact	impact	NOUN
fbem-18291	131	29	on	on	ADP
fbem-18291	131	30	the	the	DET
fbem-18291	131	31	deposit	deposit	NOUN
fbem-18291	131	32	and	and	CCONJ
fbem-18291	131	33	loan	loan	NOUN
fbem-18291	131	34	business	business	NOUN
fbem-18291	131	35	of	of	ADP
fbem-18291	131	36	commercial	commercial	ADJ
fbem-18291	131	37	banks	bank	NOUN
fbem-18291	131	38	.	.	PUNCT
fbem-18291	132	1	this	this	PRON
fbem-18291	132	2	confirms	confirm	VERB
fbem-18291	132	3	petter	petter	NOUN
fbem-18291	132	4	and	and	CCONJ
fbem-18291	132	5	geoff	geoff	PROPN
fbem-18291	132	6	's	's	PART
fbem-18291	132	7	work	work	NOUN
fbem-18291	132	8	.	.	PUNCT
fbem-18291	133	1	joan	joan	PROPN
fbem-18291	133	2	.	.	PROPN
fbem-18291	133	3	margherita	margherita	PROPN
fbem-18291	133	4	and	and	CCONJ
fbem-18291	133	5	nan[21	nan[21	PROPN
fbem-18291	133	6	]	]	PUNCT
fbem-18291	133	7	.	.	PUNCT
fbem-18291	134	1	stone	stone	NOUN
fbem-18291	134	2	(	(	PUNCT
fbem-18291	134	3	2015	2015	NUM
fbem-18291	134	4	)	)	PUNCT
fbem-18291	134	5	found	find	VERB
fbem-18291	134	6	that	that	SCONJ
fbem-18291	134	7	fintech	fintech	NOUN
fbem-18291	134	8	had	have	AUX
fbem-18291	134	9	changed	change	VERB
fbem-18291	134	10	customers	customer	NOUN
fbem-18291	134	11	'	'	PART
fbem-18291	134	12	payment	payment	NOUN
fbem-18291	134	13	concepts	concept	NOUN
fbem-18291	134	14	and	and	CCONJ
fbem-18291	134	15	thus	thus	ADV
fbem-18291	134	16	affected	affect	VERB
fbem-18291	134	17	the	the	DET
fbem-18291	134	18	deposit	deposit	NOUN
fbem-18291	134	19	and	and	CCONJ
fbem-18291	134	20	loan	loan	NOUN
fbem-18291	134	21	business	business	NOUN
fbem-18291	134	22	of	of	ADP
fbem-18291	134	23	traditional	traditional	ADJ
fbem-18291	134	24	banks	bank	NOUN
fbem-18291	134	25	when	when	SCONJ
fbem-18291	134	26	they	they	PRON
fbem-18291	134	27	studied	study	VERB
fbem-18291	134	28	china	china	PROPN
fbem-18291	134	29	's	's	PART
fbem-18291	134	30	mobile	mobile	ADJ
fbem-18291	134	31	payment	payment	NOUN
fbem-18291	134	32	software	software	NOUN
fbem-18291	134	33	alipay	alipay	PROPN
fbem-18291	134	34	.	.	PUNCT
fbem-18291	135	1	because	because	SCONJ
fbem-18291	135	2	more	more	ADJ
fbem-18291	135	3	chinese	chinese	ADJ
fbem-18291	135	4	users	user	NOUN
fbem-18291	135	5	tend	tend	VERB
fbem-18291	135	6	to	to	PART
fbem-18291	135	7	transfer	transfer	VERB
fbem-18291	135	8	funds	fund	NOUN
fbem-18291	135	9	from	from	ADP
fbem-18291	135	10	banks	bank	NOUN
fbem-18291	135	11	to	to	PART
fbem-18291	135	12	alipay	alipay	PROPN
fbem-18291	135	13	wealth	wealth	NOUN
fbem-18291	135	14	management	management	NOUN
fbem-18291	135	15	products	product	NOUN
fbem-18291	135	16	with	with	ADP
fbem-18291	135	17	higher	high	ADJ
fbem-18291	135	18	interest	interest	NOUN
fbem-18291	135	19	rates	rate	NOUN
fbem-18291	135	20	,	,	PUNCT
fbem-18291	135	21	this	this	DET
fbem-18291	135	22	part	part	NOUN
fbem-18291	135	23	of	of	ADP
fbem-18291	135	24	the	the	DET
fbem-18291	135	25	funds	fund	NOUN
fbem-18291	135	26	are	be	AUX
fbem-18291	135	27	not	not	PART
fbem-18291	135	28	only	only	ADV
fbem-18291	135	29	invested	invest	VERB
fbem-18291	135	30	through	through	ADP
fbem-18291	135	31	thirdparty	thirdparty	NOUN
fbem-18291	135	32	platforms	platform	NOUN
fbem-18291	135	33	,	,	PUNCT
fbem-18291	135	34	but	but	CCONJ
fbem-18291	135	35	also	also	ADV
fbem-18291	135	36	through	through	ADP
fbem-18291	135	37	daily	daily	ADJ
fbem-18291	135	38	consumption	consumption	NOUN
fbem-18291	135	39	.	.	PUNCT
fbem-18291	136	1	bunea	bunea	INTJ
fbem-18291	136	2	et	et	PROPN
fbem-18291	136	3	al	al	PROPN
fbem-18291	136	4	.	.	PUNCT
fbem-18291	137	1	(	(	PUNCT
fbem-18291	137	2	2016	2016	NUM
fbem-18291	137	3	)	)	PUNCT
fbem-18291	137	4	analysed	analyse	VERB
fbem-18291	137	5	the	the	DET
fbem-18291	137	6	annual	annual	ADJ
fbem-18291	137	7	reports	report	NOUN
fbem-18291	137	8	of	of	ADP
fbem-18291	137	9	us	we	PRON
fbem-18291	137	10	banks	bank	NOUN
fbem-18291	137	11	from	from	ADP
fbem-18291	137	12	which	which	PRON
fbem-18291	137	13	the	the	DET
fbem-18291	137	14	bank	bank	NOUN
fbem-18291	137	15	’s	’s	PART
fbem-18291	137	16	profitability	profitability	NOUN
fbem-18291	137	17	has	have	AUX
fbem-18291	137	18	been	be	AUX
fbem-18291	137	19	affected	affect	VERB
fbem-18291	137	20	,	,	PUNCT
fbem-18291	137	21	from	from	ADP
fbem-18291	137	22	which	which	PRON
fbem-18291	137	23	they	they	PRON
fbem-18291	137	24	learnt	learn	VERB
fbem-18291	137	25	that	that	SCONJ
fbem-18291	137	26	some	some	PRON
fbem-18291	137	27	of	of	ADP
fbem-18291	137	28	them	they	PRON
fbem-18291	137	29	admitted	admit	VERB
fbem-18291	137	30	that	that	SCONJ
fbem-18291	137	31	their	their	PRON
fbem-18291	137	32	own	own	ADJ
fbem-18291	137	33	business	business	NOUN
fbem-18291	137	34	and	and	CCONJ
fbem-18291	137	35	growth	growth	NOUN
fbem-18291	137	36	were	be	AUX
fbem-18291	137	37	threatened	threaten	VERB
fbem-18291	137	38	by	by	ADP
fbem-18291	137	39	fintech	fintech	NOUN
fbem-18291	137	40	companies	company	NOUN
fbem-18291	137	41	after	after	ADP
fbem-18291	137	42	2016[22	2016[22	NUM
fbem-18291	137	43	]	]	PUNCT
fbem-18291	137	44	.	.	PUNCT
fbem-18291	138	1	allen	allen	PROPN
fbem-18291	138	2	et	et	PROPN
fbem-18291	138	3	al	al	PROPN
fbem-18291	138	4	.	.	PROPN
fbem-18291	139	1	(	(	PUNCT
fbem-18291	139	2	2017	2017	NUM
fbem-18291	139	3	)	)	PUNCT
fbem-18291	139	4	argued	argue	VERB
fbem-18291	139	5	that	that	SCONJ
fbem-18291	139	6	the	the	DET
fbem-18291	139	7	profitability	profitability	NOUN
fbem-18291	139	8	of	of	ADP
fbem-18291	139	9	banks	bank	NOUN
fbem-18291	139	10	is	be	AUX
fbem-18291	139	11	affected	affect	VERB
fbem-18291	139	12	by	by	ADP
fbem-18291	139	13	inter	inter	ADJ
fbem-18291	139	14	-	-	ADJ
fbem-18291	139	15	bank	bank	ADJ
fbem-18291	139	16	competition	competition	NOUN
fbem-18291	139	17	,	,	PUNCT
fbem-18291	139	18	namely	namely	ADV
fbem-18291	139	19	,	,	PUNCT
fbem-18291	139	20	fierce	fierce	ADJ
fbem-18291	139	21	competition	competition	NOUN
fbem-18291	139	22	leads	lead	VERB
fbem-18291	139	23	to	to	ADP
fbem-18291	139	24	a	a	DET
fbem-18291	139	25	weakening	weakening	NOUN
fbem-18291	139	26	of	of	ADP
fbem-18291	139	27	the	the	DET
fbem-18291	139	28	ability	ability	NOUN
fbem-18291	139	29	of	of	ADP
fbem-18291	139	30	banks	bank	NOUN
fbem-18291	139	31	to	to	PART
fbem-18291	139	32	obtain	obtain	VERB
fbem-18291	139	33	cash	cash	NOUN
fbem-18291	139	34	,	,	PUNCT
fbem-18291	139	35	and	and	CCONJ
fbem-18291	139	36	therefore	therefore	ADV
fbem-18291	139	37	affects	affect	VERB
fbem-18291	139	38	their	their	PRON
fbem-18291	139	39	liquidity	liquidity	NOUN
fbem-18291	139	40	,	,	PUNCT
fbem-18291	139	41	and	and	CCONJ
fbem-18291	139	42	the	the	DET
fbem-18291	139	43	rise	rise	NOUN
fbem-18291	139	44	of	of	ADP
fbem-18291	139	45	financial	financial	ADJ
fbem-18291	139	46	technology	technology	NOUN
fbem-18291	139	47	has	have	AUX
fbem-18291	139	48	greatly	greatly	ADV
fbem-18291	139	49	improved	improve	VERB
fbem-18291	139	50	the	the	DET
fbem-18291	139	51	competition	competition	NOUN
fbem-18291	139	52	of	of	ADP
fbem-18291	139	53	commercial	commercial	ADJ
fbem-18291	139	54	banks	bank	NOUN
fbem-18291	139	55	.	.	PUNCT
fbem-18291	140	1	through	through	ADP
fbem-18291	140	2	the	the	DET
fbem-18291	140	3	use	use	NOUN
fbem-18291	140	4	of	of	ADP
fbem-18291	140	5	quantitative	quantitative	ADJ
fbem-18291	140	6	modelling	modelling	NOUN
fbem-18291	140	7	,	,	PUNCT
fbem-18291	140	8	according	accord	VERB
fbem-18291	140	9	to	to	ADP
fbem-18291	140	10	buchak	buchak	PROPN
fbem-18291	140	11	et	et	PROPN
fbem-18291	140	12	al	al	PROPN
fbem-18291	140	13	.	.	PROPN
fbem-18291	141	1	(	(	PUNCT
fbem-18291	141	2	2018	2018	NUM
fbem-18291	141	3	)	)	PUNCT
fbem-18291	141	4	,	,	PUNCT
fbem-18291	141	5	fintech	fintech	NOUN
fbem-18291	141	6	lenders	lender	NOUN
fbem-18291	141	7	are	be	AUX
fbem-18291	141	8	among	among	ADP
fbem-18291	141	9	the	the	DET
fbem-18291	141	10	reasons	reason	NOUN
fbem-18291	141	11	the	the	DET
fbem-18291	141	12	share	share	NOUN
fbem-18291	141	13	of	of	ADP
fbem-18291	141	14	traditional	traditional	ADJ
fbem-18291	141	15	banks	bank	NOUN
fbem-18291	141	16	in	in	ADP
fbem-18291	141	17	the	the	DET
fbem-18291	141	18	residential	residential	ADJ
fbem-18291	141	19	mortgage	mortgage	NOUN
fbem-18291	141	20	market	market	NOUN
fbem-18291	141	21	is	be	AUX
fbem-18291	141	22	declining	decline	VERB
fbem-18291	141	23	sharply	sharply	ADV
fbem-18291	141	24	,	,	PUNCT
fbem-18291	141	25	which	which	PRON
fbem-18291	141	26	poses	pose	VERB
fbem-18291	141	27	a	a	DET
fbem-18291	141	28	threat	threat	NOUN
fbem-18291	141	29	to	to	ADP
fbem-18291	141	30	bank	bank	NOUN
fbem-18291	141	31	’s	’s	PART
fbem-18291	141	32	business	business	NOUN
fbem-18291	141	33	.	.	PUNCT
fbem-18291	142	1	phan	phan	NOUN
fbem-18291	142	2	(	(	PUNCT
fbem-18291	142	3	2020	2020	NUM
fbem-18291	142	4	)	)	PUNCT
fbem-18291	142	5	concluded	conclude	VERB
fbem-18291	142	6	that	that	SCONJ
fbem-18291	142	7	the	the	DET
fbem-18291	142	8	growth	growth	NOUN
fbem-18291	142	9	of	of	ADP
fbem-18291	142	10	financial	financial	ADJ
fbem-18291	142	11	technology	technology	NOUN
fbem-18291	142	12	(	(	PUNCT
fbem-18291	142	13	fintech	fintech	NOUN
fbem-18291	142	14	)	)	PUNCT
fbem-18291	142	15	negatively	negatively	ADV
fbem-18291	142	16	affects	affect	VERB
fbem-18291	142	17	bank	bank	NOUN
fbem-18291	142	18	performance	performance	NOUN
fbem-18291	142	19	after	after	ADP
fbem-18291	142	20	conducting	conduct	VERB
fbem-18291	142	21	quantitative	quantitative	ADJ
fbem-18291	142	22	analyses	analysis	NOUN
fbem-18291	142	23	.	.	PUNCT
fbem-18291	143	1	maoyong	maoyong	PROPN
fbem-18291	143	2	cheng	cheng	PROPN
fbem-18291	143	3	and	and	CCONJ
fbem-18291	143	4	yang	yang	PROPN
fbem-18291	143	5	qu	qu	PROPN
fbem-18291	143	6	(	(	PUNCT
fbem-18291	143	7	2020	2020	NUM
fbem-18291	143	8	)	)	PUNCT
fbem-18291	143	9	discovered	discover	VERB
fbem-18291	143	10	through	through	ADP
fbem-18291	143	11	their	their	PRON
fbem-18291	143	12	study	study	NOUN
fbem-18291	143	13	that	that	SCONJ
fbem-18291	143	14	fintech	fintech	NOUN
fbem-18291	143	15	significantly	significantly	ADV
fbem-18291	143	16	reduces	reduce	VERB
fbem-18291	143	17	credit	credit	NOUN
fbem-18291	143	18	risk	risk	NOUN
fbem-18291	143	19	and	and	CCONJ
fbem-18291	143	20	the	the	DET
fbem-18291	143	21	negative	negative	ADJ
fbem-18291	143	22	impact	impact	NOUN
fbem-18291	143	23	of	of	ADP
fbem-18291	143	24	fintech	fintech	NOUN
fbem-18291	143	25	on	on	ADP
fbem-18291	143	26	credit	credit	NOUN
fbem-18291	143	27	risk	risk	NOUN
fbem-18291	143	28	is	be	AUX
fbem-18291	143	29	weaker	weak	ADJ
fbem-18291	143	30	in	in	ADP
fbem-18291	143	31	large	large	ADJ
fbem-18291	143	32	commercial	commercial	ADJ
fbem-18291	143	33	,	,	PUNCT
fbem-18291	143	34	state	state	NOUN
fbem-18291	143	35	-	-	PUNCT
fbem-18291	143	36	owned	own	VERB
fbem-18291	143	37	and	and	CCONJ
fbem-18291	143	38	listed	list	VERB
fbem-18291	143	39	banks	bank	NOUN
fbem-18291	143	40	.	.	PUNCT
fbem-18291	144	1	based	base	VERB
fbem-18291	144	2	on	on	ADP
fbem-18291	144	3	the	the	DET
fbem-18291	144	4	stochastic	stochastic	ADJ
fbem-18291	144	5	frontier	frontier	NOUN
fbem-18291	144	6	model	model	NOUN
fbem-18291	144	7	constructed	construct	VERB
fbem-18291	144	8	by	by	ADP
fbem-18291	144	9	the	the	DET
fbem-18291	144	10	sfa	sfa	PROPN
fbem-18291	144	11	method	method	NOUN
fbem-18291	144	12	,	,	PUNCT
fbem-18291	144	13	liu	liu	PROPN
fbem-18291	144	14	mengfei	mengfei	PROPN
fbem-18291	144	15	(	(	PUNCT
fbem-18291	144	16	2020	2020	NUM
fbem-18291	144	17	)	)	PUNCT
fbem-18291	144	18	found	find	VERB
fbem-18291	144	19	in	in	ADP
fbem-18291	144	20	his	his	PRON
fbem-18291	144	21	study	study	NOUN
fbem-18291	144	22	that	that	SCONJ
fbem-18291	144	23	the	the	DET
fbem-18291	144	24	improvement	improvement	NOUN
fbem-18291	144	25	of	of	ADP
fbem-18291	144	26	the	the	DET
fbem-18291	144	27	profitability	profitability	NOUN
fbem-18291	144	28	of	of	ADP
fbem-18291	144	29	china	china	PROPN
fbem-18291	144	30	’s	’s	PART
fbem-18291	144	31	banking	banking	NOUN
fbem-18291	144	32	industry	industry	NOUN
fbem-18291	144	33	depends	depend	VERB
fbem-18291	144	34	on	on	ADP
fbem-18291	144	35	the	the	DET
fbem-18291	144	36	286	286	NUM
fbem-18291	144	37	development	development	NOUN
fbem-18291	144	38	of	of	ADP
fbem-18291	144	39	fintech	fintech	NOUN
fbem-18291	144	40	,	,	PUNCT
fbem-18291	144	41	and	and	CCONJ
fbem-18291	144	42	the	the	DET
fbem-18291	144	43	improvement	improvement	NOUN
fbem-18291	144	44	of	of	ADP
fbem-18291	144	45	cost	cost	NOUN
fbem-18291	144	46	efficiency	efficiency	NOUN
fbem-18291	144	47	is	be	AUX
fbem-18291	144	48	hindered	hinder	VERB
fbem-18291	144	49	by	by	ADP
fbem-18291	144	50	the	the	DET
fbem-18291	144	51	development	development	NOUN
fbem-18291	144	52	of	of	ADP
fbem-18291	144	53	fintech	fintech	NOUN
fbem-18291	144	54	.	.	PUNCT
fbem-18291	145	1	subsequently	subsequently	ADV
fbem-18291	145	2	,	,	PUNCT
fbem-18291	145	3	in	in	ADP
fbem-18291	145	4	2021	2021	NUM
fbem-18291	145	5	,	,	PUNCT
fbem-18291	145	6	liu	liu	PROPN
fbem-18291	145	7	mengfei	mengfei	PROPN
fbem-18291	145	8	indicated	indicate	VERB
fbem-18291	145	9	through	through	ADP
fbem-18291	145	10	empirical	empirical	ADJ
fbem-18291	145	11	analyses	analysis	NOUN
fbem-18291	145	12	that	that	SCONJ
fbem-18291	145	13	in	in	ADP
fbem-18291	145	14	the	the	DET
fbem-18291	145	15	context	context	NOUN
fbem-18291	145	16	of	of	ADP
fbem-18291	145	17	rapid	rapid	ADJ
fbem-18291	145	18	development	development	NOUN
fbem-18291	145	19	of	of	ADP
fbem-18291	145	20	fintech	fintech	NOUN
fbem-18291	145	21	,	,	PUNCT
fbem-18291	145	22	commercial	commercial	ADJ
fbem-18291	145	23	banks	bank	NOUN
fbem-18291	145	24	bear	bear	VERB
fbem-18291	145	25	more	more	ADJ
fbem-18291	145	26	systemic	systemic	ADJ
fbem-18291	145	27	risks	risk	NOUN
fbem-18291	145	28	than	than	ADP
fbem-18291	145	29	ever	ever	ADV
fbem-18291	145	30	before[23	before[23	PROPN
fbem-18291	145	31	[	[	X
fbem-18291	145	32	.	.	PUNCT
fbem-18291	146	1	the	the	DET
fbem-18291	146	2	empirical	empirical	ADJ
fbem-18291	146	3	analysis	analysis	NOUN
fbem-18291	146	4	conducted	conduct	VERB
fbem-18291	146	5	by	by	ADP
fbem-18291	146	6	sun	sun	NOUN
fbem-18291	146	7	qingwen	qingwen	NOUN
fbem-18291	146	8	and	and	CCONJ
fbem-18291	146	9	ren	ren	PROPN
fbem-18291	146	10	yankun	yankun	PROPN
fbem-18291	146	11	(	(	PUNCT
fbem-18291	146	12	2021	2021	NUM
fbem-18291	146	13	)	)	PUNCT
fbem-18291	146	14	indicates	indicate	VERB
fbem-18291	146	15	that	that	SCONJ
fbem-18291	146	16	fintech	fintech	NOUN
fbem-18291	146	17	analyses	analyse	VERB
fbem-18291	146	18	a	a	DET
fbem-18291	146	19	large	large	ADJ
fbem-18291	146	20	amount	amount	NOUN
fbem-18291	146	21	of	of	ADP
fbem-18291	146	22	customer	customer	NOUN
fbem-18291	146	23	behavior	behavior	NOUN
fbem-18291	146	24	data	datum	NOUN
fbem-18291	146	25	using	use	VERB
fbem-18291	146	26	big	big	ADJ
fbem-18291	146	27	data	datum	NOUN
fbem-18291	146	28	,	,	PUNCT
fbem-18291	146	29	cloud	cloud	NOUN
fbem-18291	146	30	computing	computing	NOUN
fbem-18291	146	31	,	,	PUNCT
fbem-18291	146	32	and	and	CCONJ
fbem-18291	146	33	other	other	ADJ
fbem-18291	146	34	technologies	technology	NOUN
fbem-18291	146	35	,	,	PUNCT
fbem-18291	146	36	which	which	PRON
fbem-18291	146	37	has	have	AUX
fbem-18291	146	38	significantly	significantly	ADV
fbem-18291	146	39	affected	affect	VERB
fbem-18291	146	40	the	the	DET
fbem-18291	146	41	development	development	NOUN
fbem-18291	146	42	of	of	ADP
fbem-18291	146	43	commercial	commercial	ADJ
fbem-18291	146	44	banks	bank	NOUN
fbem-18291	146	45	'	'	PART
fbem-18291	146	46	various	various	ADJ
fbem-18291	146	47	businesses[24	businesses[24	NOUN
fbem-18291	146	48	]	]	PUNCT
fbem-18291	146	49	.	.	PUNCT
fbem-18291	147	1	therefore	therefore	ADV
fbem-18291	147	2	,	,	PUNCT
fbem-18291	147	3	one	one	PRON
fbem-18291	147	4	can	can	AUX
fbem-18291	147	5	conclude	conclude	VERB
fbem-18291	147	6	that	that	DET
fbem-18291	147	7	fintech	fintech	NOUN
fbem-18291	147	8	will	will	AUX
fbem-18291	147	9	have	have	VERB
fbem-18291	147	10	an	an	DET
fbem-18291	147	11	impact	impact	NOUN
fbem-18291	147	12	on	on	ADP
fbem-18291	147	13	the	the	DET
fbem-18291	147	14	profitability	profitability	NOUN
fbem-18291	147	15	level	level	NOUN
fbem-18291	147	16	of	of	ADP
fbem-18291	147	17	commercial	commercial	ADJ
fbem-18291	147	18	banks	bank	NOUN
fbem-18291	147	19	,	,	PUNCT
fbem-18291	147	20	the	the	DET
fbem-18291	147	21	development	development	NOUN
fbem-18291	147	22	of	of	ADP
fbem-18291	147	23	deposit	deposit	NOUN
fbem-18291	147	24	and	and	CCONJ
fbem-18291	147	25	loan	loan	NOUN
fbem-18291	147	26	business	business	NOUN
fbem-18291	147	27	,	,	PUNCT
fbem-18291	147	28	customer	customer	NOUN
fbem-18291	147	29	accumulation	accumulation	NOUN
fbem-18291	147	30	,	,	PUNCT
fbem-18291	147	31	risk	risk	NOUN
fbem-18291	147	32	tolerance	tolerance	NOUN
fbem-18291	147	33	,	,	PUNCT
fbem-18291	147	34	innovation	innovation	NOUN
fbem-18291	147	35	and	and	CCONJ
fbem-18291	147	36	development	development	NOUN
fbem-18291	147	37	and	and	CCONJ
fbem-18291	147	38	other	other	ADJ
fbem-18291	147	39	aspects	aspect	NOUN
fbem-18291	147	40	.	.	PUNCT
fbem-18291	148	1	it	it	PRON
fbem-18291	148	2	is	be	AUX
fbem-18291	148	3	true	true	ADJ
fbem-18291	148	4	that	that	SCONJ
fbem-18291	148	5	fintech	fintech	NOUN
fbem-18291	148	6	has	have	AUX
fbem-18291	148	7	brought	bring	VERB
fbem-18291	148	8	a	a	DET
fbem-18291	148	9	significant	significant	ADJ
fbem-18291	148	10	number	number	NOUN
fbem-18291	148	11	of	of	ADP
fbem-18291	148	12	challenges	challenge	NOUN
fbem-18291	148	13	to	to	ADP
fbem-18291	148	14	the	the	DET
fbem-18291	148	15	smooth	smooth	ADJ
fbem-18291	148	16	operation	operation	NOUN
fbem-18291	148	17	of	of	ADP
fbem-18291	148	18	traditional	traditional	ADJ
fbem-18291	148	19	banks	bank	NOUN
fbem-18291	148	20	,	,	PUNCT
fbem-18291	148	21	however	however	ADV
fbem-18291	148	22	,	,	PUNCT
fbem-18291	148	23	it	it	PRON
fbem-18291	148	24	also	also	ADV
fbem-18291	148	25	pushes	push	VERB
fbem-18291	148	26	commercial	commercial	ADJ
fbem-18291	148	27	banks	bank	NOUN
fbem-18291	148	28	out	out	ADP
fbem-18291	148	29	of	of	ADP
fbem-18291	148	30	their	their	PRON
fbem-18291	148	31	comfort	comfort	NOUN
fbem-18291	148	32	zone	zone	NOUN
fbem-18291	148	33	and	and	CCONJ
fbem-18291	148	34	further	further	ADJ
fbem-18291	148	35	advances	advance	NOUN
fbem-18291	148	36	towards	towards	ADP
fbem-18291	148	37	the	the	DET
fbem-18291	148	38	goals	goal	NOUN
fbem-18291	148	39	of	of	ADP
fbem-18291	148	40	‘	'	PUNCT
fbem-18291	148	41	serving	serve	VERB
fbem-18291	148	42	customers	customer	NOUN
fbem-18291	148	43	’	'	PUNCT
fbem-18291	148	44	and	and	CCONJ
fbem-18291	148	45	‘	'	PUNCT
fbem-18291	148	46	improving	improve	VERB
fbem-18291	148	47	efficiency’[25].as	efficiency’[25].as	NOUN
fbem-18291	148	48	such	such	ADJ
fbem-18291	148	49	,	,	PUNCT
fbem-18291	148	50	in	in	ADP
fbem-18291	148	51	2016	2016	NUM
fbem-18291	148	52	,	,	PUNCT
fbem-18291	148	53	romānova	romānova	PROPN
fbem-18291	148	54	and	and	CCONJ
fbem-18291	148	55	kudinska	kudinska	PROPN
fbem-18291	148	56	analysed	analyse	VERB
fbem-18291	148	57	the	the	DET
fbem-18291	148	58	trends	trend	NOUN
fbem-18291	148	59	in	in	ADP
fbem-18291	148	60	the	the	DET
fbem-18291	148	61	banking	banking	NOUN
fbem-18291	148	62	sector	sector	NOUN
fbem-18291	148	63	and	and	CCONJ
fbem-18291	148	64	concluded	conclude	VERB
fbem-18291	148	65	that	that	SCONJ
fbem-18291	148	66	it	it	PRON
fbem-18291	148	67	was	be	AUX
fbem-18291	148	68	important	important	ADJ
fbem-18291	148	69	for	for	SCONJ
fbem-18291	148	70	banks	bank	NOUN
fbem-18291	148	71	to	to	PART
fbem-18291	148	72	work	work	VERB
fbem-18291	148	73	with	with	ADP
fbem-18291	148	74	fintechs	fintech	NOUN
fbem-18291	148	75	,	,	PUNCT
fbem-18291	148	76	especially	especially	ADV
fbem-18291	148	77	to	to	PART
fbem-18291	148	78	seek	seek	VERB
fbem-18291	148	79	for	for	ADP
fbem-18291	148	80	services	service	NOUN
fbem-18291	148	81	that	that	PRON
fbem-18291	148	82	they	they	PRON
fbem-18291	148	83	could	could	AUX
fbem-18291	148	84	offer	offer	VERB
fbem-18291	148	85	in	in	ADP
fbem-18291	148	86	addition	addition	NOUN
fbem-18291	148	87	to	to	ADP
fbem-18291	148	88	their	their	PRON
fbem-18291	148	89	primary	primary	ADJ
fbem-18291	148	90	business	business	NOUN
fbem-18291	148	91	.	.	PUNCT
fbem-18291	149	1	in	in	ADP
fbem-18291	149	2	addition	addition	NOUN
fbem-18291	149	3	,	,	PUNCT
fbem-18291	149	4	those	those	DET
fbem-18291	149	5	banking	banking	NOUN
fbem-18291	149	6	sectors	sector	NOUN
fbem-18291	149	7	that	that	PRON
fbem-18291	149	8	are	be	AUX
fbem-18291	149	9	the	the	DET
fbem-18291	149	10	first	first	ADJ
fbem-18291	149	11	to	to	PART
fbem-18291	149	12	co	co	VERB
fbem-18291	149	13	-	-	VERB
fbem-18291	149	14	operate	operate	VERB
fbem-18291	149	15	with	with	ADP
fbem-18291	149	16	fintech	fintech	NOUN
fbem-18291	149	17	companies	company	NOUN
fbem-18291	149	18	will	will	AUX
fbem-18291	149	19	be	be	AUX
fbem-18291	149	20	more	more	ADV
fbem-18291	149	21	likely	likely	ADJ
fbem-18291	149	22	to	to	PART
fbem-18291	149	23	gain	gain	VERB
fbem-18291	149	24	a	a	DET
fbem-18291	149	25	comparative	comparative	ADJ
fbem-18291	149	26	advantage	advantage	NOUN
fbem-18291	149	27	in	in	ADP
fbem-18291	149	28	the	the	DET
fbem-18291	149	29	fierce	fierce	ADJ
fbem-18291	149	30	competition	competition	NOUN
fbem-18291	149	31	in	in	ADP
fbem-18291	149	32	the	the	DET
fbem-18291	149	33	future	future	NOUN
fbem-18291	149	34	.	.	PUNCT
fbem-18291	150	1	according	accord	VERB
fbem-18291	150	2	to	to	ADP
fbem-18291	150	3	temelkov	temelkov	NOUN
fbem-18291	150	4	(	(	PUNCT
fbem-18291	150	5	2018	2018	NUM
fbem-18291	150	6	)	)	PUNCT
fbem-18291	150	7	,	,	PUNCT
fbem-18291	150	8	the	the	DET
fbem-18291	150	9	development	development	NOUN
fbem-18291	150	10	of	of	ADP
fbem-18291	150	11	fintech	fintech	NOUN
fbem-18291	150	12	companies	company	NOUN
fbem-18291	150	13	brings	bring	VERB
fbem-18291	150	14	new	new	ADJ
fbem-18291	150	15	challenges	challenge	NOUN
fbem-18291	150	16	and	and	CCONJ
fbem-18291	150	17	opportunities	opportunity	NOUN
fbem-18291	150	18	to	to	ADP
fbem-18291	150	19	the	the	DET
fbem-18291	150	20	banking	banking	NOUN
fbem-18291	150	21	sector	sector	NOUN
fbem-18291	150	22	.	.	PUNCT
fbem-18291	151	1	the	the	DET
fbem-18291	151	2	form	form	NOUN
fbem-18291	151	3	it	it	PRON
fbem-18291	151	4	will	will	AUX
fbem-18291	151	5	evolve	evolve	VERB
fbem-18291	151	6	into	into	ADP
fbem-18291	151	7	depends	depend	VERB
fbem-18291	151	8	entirely	entirely	ADV
fbem-18291	151	9	on	on	ADP
fbem-18291	151	10	the	the	DET
fbem-18291	151	11	bank	bank	NOUN
fbem-18291	151	12	’s	’s	PART
fbem-18291	151	13	future	future	ADJ
fbem-18291	151	14	choices	choice	NOUN
fbem-18291	151	15	.	.	PUNCT
fbem-18291	152	1	faced	face	VERB
fbem-18291	152	2	with	with	ADP
fbem-18291	152	3	the	the	DET
fbem-18291	152	4	inevitable	inevitable	ADJ
fbem-18291	152	5	situation	situation	NOUN
fbem-18291	152	6	of	of	ADP
fbem-18291	152	7	cooperation	cooperation	NOUN
fbem-18291	152	8	between	between	ADP
fbem-18291	152	9	the	the	DET
fbem-18291	152	10	two	two	NUM
fbem-18291	152	11	parties	party	NOUN
fbem-18291	152	12	,	,	PUNCT
fbem-18291	152	13	active	active	ADJ
fbem-18291	152	14	banks	bank	NOUN
fbem-18291	152	15	will	will	AUX
fbem-18291	152	16	capture	capture	VERB
fbem-18291	152	17	the	the	DET
fbem-18291	152	18	market	market	NOUN
fbem-18291	152	19	share	share	NOUN
fbem-18291	152	20	and	and	CCONJ
fbem-18291	152	21	customers	customer	NOUN
fbem-18291	152	22	of	of	ADP
fbem-18291	152	23	passive	passive	ADJ
fbem-18291	152	24	banks	bank	NOUN
fbem-18291	152	25	in	in	ADP
fbem-18291	152	26	the	the	DET
fbem-18291	152	27	future[26	future[26	NOUN
fbem-18291	152	28	]	]	PUNCT
fbem-18291	152	29	.	.	PUNCT
fbem-18291	153	1	therefore	therefore	ADV
fbem-18291	153	2	,	,	PUNCT
fbem-18291	153	3	based	base	VERB
fbem-18291	153	4	on	on	ADP
fbem-18291	153	5	the	the	DET
fbem-18291	153	6	aforementioned	aforementioned	ADJ
fbem-18291	153	7	literature	literature	PROPN
fbem-18291	153	8	review	review	PROPN
fbem-18291	153	9	and	and	CCONJ
fbem-18291	153	10	china	china	PROPN
fbem-18291	153	11	’s	’s	PART
fbem-18291	153	12	current	current	ADJ
fbem-18291	153	13	development	development	NOUN
fbem-18291	153	14	situation	situation	NOUN
fbem-18291	153	15	,	,	PUNCT
fbem-18291	153	16	this	this	DET
fbem-18291	153	17	paper	paper	NOUN
fbem-18291	153	18	proposes	propose	VERB
fbem-18291	153	19	three	three	NUM
fbem-18291	153	20	hypotheses	hypothesis	NOUN
fbem-18291	153	21	:	:	PUNCT
fbem-18291	153	22	h1	h1	PROPN
fbem-18291	153	23	,	,	PUNCT
fbem-18291	153	24	the	the	DET
fbem-18291	153	25	development	development	NOUN
fbem-18291	153	26	of	of	ADP
fbem-18291	153	27	fintech	fintech	NOUN
fbem-18291	153	28	has	have	AUX
fbem-18291	153	29	influenced	influence	VERB
fbem-18291	153	30	to	to	PART
fbem-18291	153	31	reduce	reduce	VERB
fbem-18291	153	32	the	the	DET
fbem-18291	153	33	liquidity	liquidity	NOUN
fbem-18291	153	34	of	of	ADP
fbem-18291	153	35	commercial	commercial	ADJ
fbem-18291	153	36	banks	bank	NOUN
fbem-18291	153	37	.	.	PUNCT
fbem-18291	154	1	h2	h2	NOUN
fbem-18291	154	2	,	,	PUNCT
fbem-18291	154	3	fintech	fintech	NOUN
fbem-18291	154	4	can	can	AUX
fbem-18291	154	5	affect	affect	VERB
fbem-18291	154	6	the	the	DET
fbem-18291	154	7	liquidity	liquidity	NOUN
fbem-18291	154	8	of	of	ADP
fbem-18291	154	9	commercial	commercial	ADJ
fbem-18291	154	10	banks	bank	NOUN
fbem-18291	154	11	by	by	ADP
fbem-18291	154	12	influencing	influence	VERB
fbem-18291	154	13	the	the	DET
fbem-18291	154	14	net	net	ADJ
fbem-18291	154	15	interest	interest	NOUN
fbem-18291	154	16	margin	margin	NOUN
fbem-18291	154	17	and	and	CCONJ
fbem-18291	154	18	proportion	proportion	NOUN
fbem-18291	154	19	of	of	ADP
fbem-18291	154	20	noninterest	noninter	ADJ
fbem-18291	154	21	income	income	NOUN
fbem-18291	154	22	of	of	ADP
fbem-18291	154	23	banks	bank	NOUN
fbem-18291	154	24	.	.	PUNCT
fbem-18291	155	1	h3	h3	NOUN
fbem-18291	155	2	,	,	PUNCT
fbem-18291	155	3	fintech	fintech	NOUN
fbem-18291	155	4	brings	bring	VERB
fbem-18291	155	5	different	different	ADJ
fbem-18291	155	6	impacts	impact	NOUN
fbem-18291	155	7	to	to	ADP
fbem-18291	155	8	commercial	commercial	ADJ
fbem-18291	155	9	banks	bank	NOUN
fbem-18291	155	10	of	of	ADP
fbem-18291	155	11	various	various	ADJ
fbem-18291	155	12	natures	nature	NOUN
fbem-18291	155	13	.	.	PUNCT
fbem-18291	156	1	3	3	X
fbem-18291	156	2	.	.	X
fbem-18291	156	3	data	datum	NOUN
fbem-18291	156	4	3.1	3.1	NUM
fbem-18291	156	5	.	.	PUNCT
fbem-18291	156	6	sample	sample	NOUN
fbem-18291	156	7	and	and	CCONJ
fbem-18291	156	8	data	datum	NOUN
fbem-18291	156	9	sources	source	NOUN
fbem-18291	156	10	considering	consider	VERB
fbem-18291	156	11	the	the	DET
fbem-18291	156	12	degree	degree	NOUN
fbem-18291	156	13	of	of	ADP
fbem-18291	156	14	data	datum	NOUN
fbem-18291	156	15	availability	availability	NOUN
fbem-18291	156	16	and	and	CCONJ
fbem-18291	156	17	representativeness	representativeness	NOUN
fbem-18291	156	18	,	,	PUNCT
fbem-18291	156	19	this	this	DET
fbem-18291	156	20	paper	paper	NOUN
fbem-18291	156	21	selects	select	VERB
fbem-18291	156	22	the	the	DET
fbem-18291	156	23	annual	annual	ADJ
fbem-18291	156	24	data	datum	NOUN
fbem-18291	156	25	of	of	ADP
fbem-18291	156	26	the	the	DET
fbem-18291	156	27	18	18	NUM
fbem-18291	156	28	most	most	ADV
fbem-18291	156	29	representative	representative	ADJ
fbem-18291	156	30	commercial	commercial	ADJ
fbem-18291	156	31	banks	bank	NOUN
fbem-18291	156	32	in	in	ADP
fbem-18291	156	33	china	china	PROPN
fbem-18291	156	34	over	over	ADP
fbem-18291	156	35	the	the	DET
fbem-18291	156	36	past	past	ADJ
fbem-18291	156	37	decade	decade	NOUN
fbem-18291	156	38	as	as	ADP
fbem-18291	156	39	the	the	DET
fbem-18291	156	40	research	research	NOUN
fbem-18291	156	41	sample	sample	NOUN
fbem-18291	156	42	,	,	PUNCT
fbem-18291	156	43	including	include	VERB
fbem-18291	156	44	five	five	NUM
fbem-18291	156	45	large	large	ADJ
fbem-18291	156	46	stateowned	stateowne	VERB
fbem-18291	156	47	banks	bank	NOUN
fbem-18291	156	48	,	,	PUNCT
fbem-18291	156	49	seven	seven	NUM
fbem-18291	156	50	joint	joint	ADJ
fbem-18291	156	51	-	-	PUNCT
fbem-18291	156	52	stock	stock	NOUN
fbem-18291	156	53	banks	bank	NOUN
fbem-18291	156	54	,	,	PUNCT
fbem-18291	156	55	and	and	CCONJ
fbem-18291	156	56	six	six	NUM
fbem-18291	156	57	city	city	NOUN
fbem-18291	156	58	commercial	commercial	PROPN
fbem-18291	156	59	banks[27	banks[27	PROPN
fbem-18291	156	60	]	]	PUNCT
fbem-18291	157	1	the	the	DET
fbem-18291	157	2	sample	sample	NOUN
fbem-18291	157	3	banks	bank	NOUN
fbem-18291	157	4	satisfy	satisfy	VERB
fbem-18291	157	5	the	the	DET
fbem-18291	157	6	differences	difference	NOUN
fbem-18291	157	7	in	in	ADP
fbem-18291	157	8	ownership	ownership	NOUN
fbem-18291	157	9	and	and	CCONJ
fbem-18291	157	10	geographic	geographic	ADJ
fbem-18291	157	11	location	location	NOUN
fbem-18291	157	12	for	for	ADP
fbem-18291	157	13	the	the	DET
fbem-18291	157	14	various	various	ADJ
fbem-18291	157	15	types	type	NOUN
fbem-18291	157	16	of	of	ADP
fbem-18291	157	17	analyses	analysis	NOUN
fbem-18291	157	18	conducted	conduct	VERB
fbem-18291	157	19	next	next	ADV
fbem-18291	157	20	.	.	PUNCT
fbem-18291	158	1	the	the	DET
fbem-18291	158	2	primary	primary	ADJ
fbem-18291	158	3	sources	source	NOUN
fbem-18291	158	4	of	of	ADP
fbem-18291	158	5	micro	micro	PROPN
fbem-18291	158	6	data	data	PROPN
fbem-18291	158	7	originate	originate	VERB
fbem-18291	158	8	from	from	ADP
fbem-18291	158	9	the	the	DET
fbem-18291	158	10	choice	choice	NOUN
fbem-18291	158	11	database	database	NOUN
fbem-18291	158	12	,	,	PUNCT
fbem-18291	158	13	prospect	prospect	NOUN
fbem-18291	158	14	database	database	NOUN
fbem-18291	158	15	,	,	PUNCT
fbem-18291	158	16	cninfo	cninfo	NOUN
fbem-18291	158	17	database	database	PROPN
fbem-18291	158	18	,	,	PUNCT
fbem-18291	158	19	sina	sina	PROPN
fbem-18291	158	20	finance	finance	PROPN
fbem-18291	158	21	,	,	PUNCT
fbem-18291	158	22	and	and	CCONJ
fbem-18291	158	23	the	the	DET
fbem-18291	158	24	annual	annual	ADJ
fbem-18291	158	25	reports	report	NOUN
fbem-18291	158	26	of	of	ADP
fbem-18291	158	27	each	each	DET
fbem-18291	158	28	commercial	commercial	ADJ
fbem-18291	158	29	bank	bank	NOUN
fbem-18291	158	30	,	,	PUNCT
fbem-18291	158	31	whilst	whilst	SCONJ
fbem-18291	158	32	the	the	DET
fbem-18291	158	33	macro	macro	ADJ
fbem-18291	158	34	data	datum	NOUN
fbem-18291	158	35	is	be	AUX
fbem-18291	158	36	derived	derive	VERB
fbem-18291	158	37	from	from	ADP
fbem-18291	158	38	the	the	DET
fbem-18291	158	39	website	website	NOUN
fbem-18291	158	40	of	of	ADP
fbem-18291	158	41	the	the	DET
fbem-18291	158	42	national	national	PROPN
fbem-18291	158	43	bureau	bureau	PROPN
fbem-18291	158	44	of	of	ADP
fbem-18291	158	45	statistics	statistic	NOUN
fbem-18291	158	46	(	(	PUNCT
fbem-18291	158	47	nbs	nbs	PROPN
fbem-18291	158	48	)	)	PUNCT
fbem-18291	158	49	and	and	CCONJ
fbem-18291	158	50	the	the	DET
fbem-18291	158	51	people	people	NOUN
fbem-18291	158	52	’s	’s	PART
fbem-18291	158	53	bank	bank	PROPN
fbem-18291	158	54	of	of	ADP
fbem-18291	158	55	china	china	PROPN
fbem-18291	158	56	(	(	PUNCT
fbem-18291	158	57	pboc	pboc	NOUN
fbem-18291	158	58	)	)	PUNCT
fbem-18291	158	59	and	and	CCONJ
fbem-18291	158	60	are	be	AUX
fbem-18291	158	61	analysed	analyse	VERB
fbem-18291	158	62	using	use	VERB
fbem-18291	158	63	stata	stata	NOUN
fbem-18291	158	64	.	.	PUNCT
fbem-18291	159	1	the	the	DET
fbem-18291	159	2	samples	sample	NOUN
fbem-18291	159	3	were	be	AUX
fbem-18291	159	4	selected	select	VERB
fbem-18291	159	5	as	as	ADP
fbem-18291	159	6	:	:	PUNCT
fbem-18291	159	7	bank	bank	PROPN
fbem-18291	159	8	of	of	ADP
fbem-18291	159	9	china	china	PROPN
fbem-18291	159	10	,	,	PUNCT
fbem-18291	159	11	industrial	industrial	ADJ
fbem-18291	159	12	and	and	CCONJ
fbem-18291	159	13	commercial	commercial	ADJ
fbem-18291	159	14	bank	bank	PROPN
fbem-18291	159	15	of	of	ADP
fbem-18291	159	16	china	china	PROPN
fbem-18291	159	17	,	,	PUNCT
fbem-18291	159	18	china	china	PROPN
fbem-18291	159	19	construction	construction	PROPN
fbem-18291	159	20	bank	bank	PROPN
fbem-18291	159	21	,	,	PUNCT
fbem-18291	159	22	agricultural	agricultural	ADJ
fbem-18291	159	23	bank	bank	PROPN
fbem-18291	159	24	of	of	ADP
fbem-18291	159	25	china	china	PROPN
fbem-18291	159	26	,	,	PUNCT
fbem-18291	159	27	bank	bank	PROPN
fbem-18291	159	28	of	of	ADP
fbem-18291	159	29	communications	communication	NOUN
fbem-18291	159	30	,	,	PUNCT
fbem-18291	159	31	citic	citic	PROPN
fbem-18291	159	32	bank	bank	PROPN
fbem-18291	159	33	,	,	PUNCT
fbem-18291	159	34	china	china	PROPN
fbem-18291	159	35	merchants	merchants	PROPN
fbem-18291	159	36	bank	bank	PROPN
fbem-18291	159	37	,	,	PUNCT
fbem-18291	159	38	pudong	pudong	PROPN
fbem-18291	159	39	development	development	PROPN
fbem-18291	159	40	bank	bank	PROPN
fbem-18291	159	41	,	,	PUNCT
fbem-18291	159	42	ping	pe	VERB
fbem-18291	159	43	an	an	DET
fbem-18291	159	44	bank	bank	NOUN
fbem-18291	159	45	,	,	PUNCT
fbem-18291	159	46	everbright	everbright	PROPN
fbem-18291	159	47	bank	bank	PROPN
fbem-18291	159	48	,	,	PUNCT
fbem-18291	159	49	hua	hua	PROPN
fbem-18291	159	50	xia	xia	PROPN
fbem-18291	159	51	bank	bank	PROPN
fbem-18291	159	52	,	,	PUNCT
fbem-18291	159	53	min	min	PROPN
fbem-18291	159	54	sheng	sheng	PROPN
fbem-18291	159	55	bank	bank	PROPN
fbem-18291	159	56	,	,	PUNCT
fbem-18291	159	57	bank	bank	PROPN
fbem-18291	159	58	of	of	ADP
fbem-18291	159	59	beijing	beijing	PROPN
fbem-18291	159	60	,	,	PUNCT
fbem-18291	159	61	bank	bank	PROPN
fbem-18291	159	62	of	of	ADP
fbem-18291	159	63	nanjing	nanjing	PROPN
fbem-18291	159	64	,	,	PUNCT
fbem-18291	159	65	bank	bank	PROPN
fbem-18291	159	66	of	of	ADP
fbem-18291	159	67	ningbo	ningbo	PROPN
fbem-18291	159	68	,	,	PUNCT
fbem-18291	159	69	bank	bank	PROPN
fbem-18291	159	70	of	of	ADP
fbem-18291	159	71	shanghai	shanghai	PROPN
fbem-18291	159	72	,	,	PUNCT
fbem-18291	159	73	bank	bank	PROPN
fbem-18291	159	74	of	of	ADP
fbem-18291	159	75	chongqing	chongqing	PROPN
fbem-18291	159	76	,	,	PUNCT
fbem-18291	159	77	and	and	CCONJ
fbem-18291	159	78	zhengzhou	zhengzhou	PROPN
fbem-18291	159	79	bank[28	bank[28	PROPN
fbem-18291	159	80	]	]	X
fbem-18291	160	1	the	the	DET
fbem-18291	160	2	sample	sample	NOUN
fbem-18291	160	3	banks	bank	NOUN
fbem-18291	160	4	are	be	AUX
fbem-18291	160	5	selected	select	VERB
fbem-18291	160	6	according	accord	VERB
fbem-18291	160	7	to	to	ADP
fbem-18291	160	8	the	the	DET
fbem-18291	160	9	focus	focus	NOUN
fbem-18291	160	10	of	of	ADP
fbem-18291	160	11	the	the	DET
fbem-18291	160	12	article	article	NOUN
fbem-18291	160	13	’s	’s	PART
fbem-18291	160	14	analysis	analysis	NOUN
fbem-18291	160	15	,	,	PUNCT
fbem-18291	160	16	as	as	ADP
fbem-18291	160	17	the	the	DET
fbem-18291	160	18	need	need	NOUN
fbem-18291	160	19	to	to	PART
fbem-18291	160	20	understand	understand	VERB
fbem-18291	160	21	the	the	DET
fbem-18291	160	22	reflection	reflection	NOUN
fbem-18291	160	23	of	of	ADP
fbem-18291	160	24	chinese	chinese	ADJ
fbem-18291	160	25	commercial	commercial	ADJ
fbem-18291	160	26	banks	bank	NOUN
fbem-18291	160	27	’	'	PUNCT
fbem-18291	160	28	liquidity	liquidity	NOUN
fbem-18291	160	29	on	on	ADP
fbem-18291	160	30	the	the	DET
fbem-18291	160	31	development	development	NOUN
fbem-18291	160	32	of	of	ADP
fbem-18291	160	33	fintech	fintech	NOUN
fbem-18291	160	34	,	,	PUNCT
fbem-18291	160	35	and	and	CCONJ
fbem-18291	160	36	thus	thus	ADV
fbem-18291	160	37	the	the	DET
fbem-18291	160	38	samples	sample	NOUN
fbem-18291	160	39	are	be	AUX
fbem-18291	160	40	all	all	PRON
fbem-18291	160	41	listed	list	VERB
fbem-18291	160	42	banks	bank	NOUN
fbem-18291	160	43	from	from	ADP
fbem-18291	160	44	china	china	PROPN
fbem-18291	160	45	.	.	PUNCT
fbem-18291	161	1	considering	consider	VERB
fbem-18291	161	2	the	the	DET
fbem-18291	161	3	specific	specific	ADJ
fbem-18291	161	4	nature	nature	NOUN
fbem-18291	161	5	of	of	ADP
fbem-18291	161	6	commercial	commercial	ADJ
fbem-18291	161	7	bank	bank	NOUN
fbem-18291	161	8	liquidity	liquidity	NOUN
fbem-18291	161	9	will	will	AUX
fbem-18291	161	10	have	have	VERB
fbem-18291	161	11	different	different	ADJ
fbem-18291	161	12	responses	response	NOUN
fbem-18291	161	13	to	to	ADP
fbem-18291	161	14	the	the	DET
fbem-18291	161	15	development	development	NOUN
fbem-18291	161	16	of	of	ADP
fbem-18291	161	17	fintech	fintech	NOUN
fbem-18291	161	18	,	,	PUNCT
fbem-18291	161	19	the	the	DET
fbem-18291	161	20	nature	nature	NOUN
fbem-18291	161	21	of	of	ADP
fbem-18291	161	22	the	the	DET
fbem-18291	161	23	sample	sample	NOUN
fbem-18291	161	24	banks	bank	NOUN
fbem-18291	161	25	are	be	AUX
fbem-18291	161	26	all	all	ADV
fbem-18291	161	27	different	different	ADJ
fbem-18291	161	28	.	.	PUNCT
fbem-18291	162	1	the	the	DET
fbem-18291	162	2	primary	primary	ADJ
fbem-18291	162	3	ones	one	NOUN
fbem-18291	162	4	are	be	AUX
fbem-18291	162	5	banks	bank	NOUN
fbem-18291	162	6	with	with	ADP
fbem-18291	162	7	different	different	ADJ
fbem-18291	162	8	ownership	ownership	NOUN
fbem-18291	162	9	and	and	CCONJ
fbem-18291	162	10	geographic	geographic	ADJ
fbem-18291	162	11	locations[29	locations[29	NOUN
fbem-18291	162	12	]	]	PUNCT
fbem-18291	162	13	when	when	SCONJ
fbem-18291	162	14	analysing	analyse	VERB
fbem-18291	162	15	the	the	DET
fbem-18291	162	16	heterogeneity	heterogeneity	NOUN
fbem-18291	162	17	of	of	ADP
fbem-18291	162	18	geographic	geographic	ADJ
fbem-18291	162	19	location	location	NOUN
fbem-18291	162	20	,	,	PUNCT
fbem-18291	162	21	the	the	DET
fbem-18291	162	22	sample	sample	NOUN
fbem-18291	162	23	banks	bank	NOUN
fbem-18291	162	24	are	be	AUX
fbem-18291	162	25	all	all	ADV
fbem-18291	162	26	from	from	ADP
fbem-18291	162	27	china	china	PROPN
fbem-18291	162	28	’s	’s	PART
fbem-18291	162	29	(	(	PUNCT
fbem-18291	162	30	new	new	ADJ
fbem-18291	162	31	)	)	PUNCT
fbem-18291	162	32	first	first	ADJ
fbem-18291	162	33	-	-	PUNCT
fbem-18291	162	34	tier	tier	NOUN
fbem-18291	162	35	cities	city	NOUN
fbem-18291	162	36	,	,	PUNCT
fbem-18291	162	37	and	and	CCONJ
fbem-18291	162	38	the	the	DET
fbem-18291	162	39	cities	city	NOUN
fbem-18291	162	40	of	of	ADP
fbem-18291	162	41	incorporation	incorporation	NOUN
fbem-18291	162	42	have	have	VERB
fbem-18291	162	43	similar	similar	ADJ
fbem-18291	162	44	overall	overall	ADJ
fbem-18291	162	45	strength	strength	NOUN
fbem-18291	162	46	in	in	ADP
fbem-18291	162	47	china	china	PROPN
fbem-18291	162	48	(	(	PUNCT
fbem-18291	162	49	china	china	PROPN
fbem-18291	162	50	business	business	PROPN
fbem-18291	162	51	network	network	NOUN
fbem-18291	162	52	,	,	PUNCT
fbem-18291	162	53	2023	2023	NUM
fbem-18291	162	54	)	)	PUNCT
fbem-18291	162	55	.	.	PUNCT
fbem-18291	163	1	moreover	moreover	ADV
fbem-18291	163	2	,	,	PUNCT
fbem-18291	163	3	jointstock	jointstock	NOUN
fbem-18291	163	4	banks	bank	NOUN
fbem-18291	163	5	were	be	AUX
fbem-18291	163	6	similarly	similarly	ADV
fbem-18291	163	7	selected	select	VERB
fbem-18291	163	8	to	to	PART
fbem-18291	163	9	divide	divide	VERB
fbem-18291	163	10	the	the	DET
fbem-18291	163	11	north	north	NOUN
fbem-18291	163	12	and	and	CCONJ
fbem-18291	163	13	south	south	ADJ
fbem-18291	163	14	regions	region	NOUN
fbem-18291	163	15	according	accord	VERB
fbem-18291	163	16	to	to	ADP
fbem-18291	163	17	their	their	PRON
fbem-18291	163	18	place	place	NOUN
fbem-18291	163	19	of	of	ADP
fbem-18291	163	20	incorporation	incorporation	NOUN
fbem-18291	163	21	.	.	PUNCT
fbem-18291	164	1	the	the	DET
fbem-18291	164	2	nature	nature	NOUN
fbem-18291	164	3	of	of	ADP
fbem-18291	164	4	ownership	ownership	NOUN
fbem-18291	164	5	was	be	AUX
fbem-18291	164	6	used	use	VERB
fbem-18291	164	7	to	to	PART
fbem-18291	164	8	divide	divide	VERB
fbem-18291	164	9	the	the	DET
fbem-18291	164	10	sample	sample	NOUN
fbem-18291	164	11	banks	bank	NOUN
fbem-18291	164	12	and	and	CCONJ
fbem-18291	164	13	the	the	DET
fbem-18291	164	14	classification	classification	NOUN
fbem-18291	164	15	is	be	AUX
fbem-18291	164	16	depicted	depict	VERB
fbem-18291	164	17	in	in	ADP
fbem-18291	164	18	table	table	NOUN
fbem-18291	164	19	3	3	NUM
fbem-18291	164	20	-	-	SYM
fbem-18291	164	21	1[30	1[30	NUM
fbem-18291	164	22	]	]	PUNCT
fbem-18291	164	23	table	table	NOUN
fbem-18291	164	24	3	3	NUM
fbem-18291	164	25	-	-	SYM
fbem-18291	164	26	1	1	NUM
fbem-18291	164	27	.	.	PUNCT
fbem-18291	165	1	sample	sample	NOUN
fbem-18291	165	2	banks	bank	NOUN
fbem-18291	165	3	type	type	NOUN
fbem-18291	165	4	of	of	ADP
fbem-18291	165	5	bank	bank	PROPN
fbem-18291	165	6	bank	bank	PROPN
fbem-18291	165	7	name	name	NOUN
fbem-18291	165	8	state	state	NOUN
fbem-18291	165	9	-	-	PUNCT
fbem-18291	165	10	owned	own	VERB
fbem-18291	165	11	bank	bank	NOUN
fbem-18291	165	12	bank	bank	PROPN
fbem-18291	165	13	of	of	ADP
fbem-18291	165	14	china	china	PROPN
fbem-18291	165	15	,	,	PUNCT
fbem-18291	165	16	industrial	industrial	ADJ
fbem-18291	165	17	and	and	CCONJ
fbem-18291	165	18	commercial	commercial	ADJ
fbem-18291	165	19	bank	bank	PROPN
fbem-18291	165	20	of	of	ADP
fbem-18291	165	21	china	china	PROPN
fbem-18291	165	22	,	,	PUNCT
fbem-18291	165	23	china	china	PROPN
fbem-18291	165	24	construction	construction	PROPN
fbem-18291	165	25	bank	bank	PROPN
fbem-18291	165	26	,	,	PUNCT
fbem-18291	165	27	agricultural	agricultural	ADJ
fbem-18291	165	28	bank	bank	PROPN
fbem-18291	165	29	of	of	ADP
fbem-18291	165	30	china	china	PROPN
fbem-18291	165	31	,	,	PUNCT
fbem-18291	165	32	bank	bank	PROPN
fbem-18291	165	33	of	of	ADP
fbem-18291	165	34	communications	communication	NOUN
fbem-18291	165	35	joint	joint	ADJ
fbem-18291	165	36	-	-	PUNCT
fbem-18291	165	37	stock	stock	NOUN
fbem-18291	165	38	bank	bank	PROPN
fbem-18291	165	39	citic	citic	PROPN
fbem-18291	165	40	bank	bank	PROPN
fbem-18291	165	41	,	,	PUNCT
fbem-18291	165	42	china	china	PROPN
fbem-18291	165	43	merchants	merchants	PROPN
fbem-18291	165	44	bank	bank	PROPN
fbem-18291	165	45	,	,	PUNCT
fbem-18291	165	46	pudong	pudong	PROPN
fbem-18291	165	47	development	development	PROPN
fbem-18291	165	48	bank	bank	PROPN
fbem-18291	165	49	,	,	PUNCT
fbem-18291	165	50	ping	pe	VERB
fbem-18291	165	51	an	an	DET
fbem-18291	165	52	bank	bank	NOUN
fbem-18291	165	53	,	,	PUNCT
fbem-18291	165	54	everbright	everbright	PROPN
fbem-18291	165	55	bank	bank	PROPN
fbem-18291	165	56	,	,	PUNCT
fbem-18291	165	57	hua	hua	PROPN
fbem-18291	165	58	xia	xia	PROPN
fbem-18291	165	59	bank	bank	PROPN
fbem-18291	165	60	,	,	PUNCT
fbem-18291	165	61	min	min	PROPN
fbem-18291	165	62	sheng	sheng	PROPN
fbem-18291	165	63	bank	bank	PROPN
fbem-18291	165	64	city	city	PROPN
fbem-18291	165	65	commercial	commercial	PROPN
fbem-18291	165	66	bank	bank	PROPN
fbem-18291	165	67	bank	bank	PROPN
fbem-18291	165	68	of	of	ADP
fbem-18291	165	69	beijing	beijing	PROPN
fbem-18291	165	70	,	,	PUNCT
fbem-18291	165	71	bank	bank	PROPN
fbem-18291	165	72	of	of	ADP
fbem-18291	165	73	nanjing	nanjing	PROPN
fbem-18291	165	74	,	,	PUNCT
fbem-18291	165	75	bank	bank	PROPN
fbem-18291	165	76	of	of	ADP
fbem-18291	165	77	ningbo	ningbo	PROPN
fbem-18291	165	78	,	,	PUNCT
fbem-18291	165	79	bank	bank	PROPN
fbem-18291	165	80	of	of	ADP
fbem-18291	165	81	shanghai	shanghai	PROPN
fbem-18291	165	82	,	,	PUNCT
fbem-18291	165	83	bank	bank	PROPN
fbem-18291	165	84	of	of	ADP
fbem-18291	165	85	chongqing	chongqing	PROPN
fbem-18291	165	86	,	,	PUNCT
fbem-18291	165	87	zhengzhou	zhengzhou	PROPN
fbem-18291	165	88	bank	bank	PROPN
fbem-18291	165	89	the	the	DET
fbem-18291	165	90	sample	sample	NOUN
fbem-18291	165	91	banks	bank	NOUN
fbem-18291	165	92	are	be	AUX
fbem-18291	165	93	classified	classify	VERB
fbem-18291	165	94	by	by	ADP
fbem-18291	165	95	their	their	PRON
fbem-18291	165	96	geographic	geographic	ADJ
fbem-18291	165	97	location	location	NOUN
fbem-18291	165	98	,	,	PUNCT
fbem-18291	165	99	as	as	SCONJ
fbem-18291	165	100	presented	present	VERB
fbem-18291	165	101	in	in	ADP
fbem-18291	165	102	figure	figure	NOUN
fbem-18291	165	103	3	3	NUM
fbem-18291	165	104	-	-	SYM
fbem-18291	165	105	1	1	NUM
fbem-18291	165	106	.	.	X
fbem-18291	165	107	287	287	NUM
fbem-18291	165	108	figure	figure	NOUN
fbem-18291	165	109	3	3	NUM
fbem-18291	165	110	-	-	SYM
fbem-18291	165	111	1	1	NUM
fbem-18291	165	112	.	.	PUNCT
fbem-18291	166	1	geographic	geographic	ADJ
fbem-18291	166	2	distribution	distribution	NOUN
fbem-18291	166	3	of	of	ADP
fbem-18291	166	4	sample	sample	NOUN
fbem-18291	166	5	banks	bank	NOUN
fbem-18291	166	6	the	the	DET
fbem-18291	166	7	population	population	NOUN
fbem-18291	166	8	is	be	AUX
fbem-18291	166	9	concentrated	concentrate	VERB
fbem-18291	166	10	east	east	ADV
fbem-18291	166	11	of	of	ADP
fbem-18291	166	12	the	the	DET
fbem-18291	166	13	hu	hu	PROPN
fbem-18291	166	14	line	line	NOUN
fbem-18291	166	15	(	(	PUNCT
fbem-18291	166	16	black	black	ADJ
fbem-18291	166	17	line	line	NOUN
fbem-18291	166	18	)	)	PUNCT
fbem-18291	166	19	,	,	PUNCT
fbem-18291	166	20	which	which	PRON
fbem-18291	166	21	comprises	comprise	VERB
fbem-18291	166	22	93.5	93.5	NUM
fbem-18291	166	23	percent	percent	NOUN
fbem-18291	166	24	of	of	ADP
fbem-18291	166	25	china	china	PROPN
fbem-18291	166	26	’s	’s	PART
fbem-18291	166	27	total	total	ADJ
fbem-18291	166	28	population	population	NOUN
fbem-18291	166	29	(	(	PUNCT
fbem-18291	166	30	qi	qi	PROPN
fbem-18291	166	31	,	,	PUNCT
fbem-18291	166	32	liu	liu	PROPN
fbem-18291	166	33	and	and	CCONJ
fbem-18291	166	34	liu	liu	PROPN
fbem-18291	166	35	,	,	PUNCT
fbem-18291	166	36	2022	2022	NUM
fbem-18291	166	37	)	)	PUNCT
fbem-18291	166	38	,	,	PUNCT
fbem-18291	166	39	80	80	NUM
fbem-18291	166	40	percent	percent	NOUN
fbem-18291	166	41	of	of	ADP
fbem-18291	166	42	the	the	DET
fbem-18291	166	43	national	national	ADJ
fbem-18291	166	44	gross	gross	ADJ
fbem-18291	166	45	domestic	domestic	ADJ
fbem-18291	166	46	product	product	NOUN
fbem-18291	166	47	(	(	PUNCT
fbem-18291	166	48	gdp	gdp	NOUN
fbem-18291	166	49	)	)	PUNCT
fbem-18291	166	50	contribution	contribution	NOUN
fbem-18291	166	51	,	,	PUNCT
fbem-18291	166	52	and	and	CCONJ
fbem-18291	166	53	the	the	DET
fbem-18291	166	54	distribution	distribution	NOUN
fbem-18291	166	55	of	of	ADP
fbem-18291	166	56	china	china	PROPN
fbem-18291	166	57	’s	’s	PART
fbem-18291	166	58	commercial	commercial	ADJ
fbem-18291	166	59	banks	bank	NOUN
fbem-18291	166	60	is	be	AUX
fbem-18291	166	61	primarily	primarily	ADV
fbem-18291	166	62	concentrated	concentrate	VERB
fbem-18291	166	63	in	in	ADP
fbem-18291	166	64	china	china	PROPN
fbem-18291	166	65	’s	’s	PART
fbem-18291	166	66	coastal	coastal	ADJ
fbem-18291	166	67	areas	area	NOUN
fbem-18291	166	68	(	(	PUNCT
fbem-18291	166	69	national	national	PROPN
fbem-18291	166	70	bureau	bureau	PROPN
fbem-18291	166	71	of	of	ADP
fbem-18291	166	72	statics	statics	PROPN
fbem-18291	166	73	,	,	PUNCT
fbem-18291	166	74	2022	2022	NUM
fbem-18291	166	75	)	)	PUNCT
fbem-18291	166	76	,	,	PUNCT
fbem-18291	166	77	therefore	therefore	ADV
fbem-18291	166	78	,	,	PUNCT
fbem-18291	166	79	commercial	commercial	ADJ
fbem-18291	166	80	banks	bank	NOUN
fbem-18291	166	81	are	be	AUX
fbem-18291	166	82	no	no	ADV
fbem-18291	166	83	longer	long	ADV
fbem-18291	166	84	considered	consider	VERB
fbem-18291	166	85	west	west	ADV
fbem-18291	166	86	of	of	ADP
fbem-18291	166	87	the	the	DET
fbem-18291	166	88	hu	hu	PROPN
fbem-18291	166	89	line[31	line[31	PROPN
fbem-18291	166	90	]	]	X
fbem-18291	166	91	region	region	NOUN
fbem-18291	166	92	a	a	X
fbem-18291	166	93	(	(	PUNCT
fbem-18291	166	94	beijing	beijing	PROPN
fbem-18291	166	95	):	):	PUNCT
fbem-18291	166	96	everbright	everbright	PROPN
fbem-18291	166	97	bank	bank	PROPN
fbem-18291	166	98	,	,	PUNCT
fbem-18291	166	99	hua	hua	PROPN
fbem-18291	166	100	xia	xia	PROPN
fbem-18291	166	101	bank	bank	PROPN
fbem-18291	166	102	,	,	PUNCT
fbem-18291	166	103	min	min	PROPN
fbem-18291	166	104	sheng	sheng	PROPN
fbem-18291	166	105	bank	bank	PROPN
fbem-18291	166	106	,	,	PUNCT
fbem-18291	166	107	citic	citic	PROPN
fbem-18291	166	108	bank	bank	PROPN
fbem-18291	166	109	,	,	PUNCT
fbem-18291	166	110	bank	bank	PROPN
fbem-18291	166	111	of	of	ADP
fbem-18291	166	112	beijing	beijing	PROPN
fbem-18291	166	113	region	region	PROPN
fbem-18291	167	1	b	b	PROPN
fbem-18291	167	2	(	(	PUNCT
fbem-18291	167	3	shanghai	shanghai	PROPN
fbem-18291	167	4	):	):	PUNCT
fbem-18291	167	5	pudong	pudong	PROPN
fbem-18291	167	6	development	development	PROPN
fbem-18291	167	7	bank	bank	PROPN
fbem-18291	167	8	,	,	PUNCT
fbem-18291	167	9	bank	bank	PROPN
fbem-18291	167	10	of	of	ADP
fbem-18291	167	11	shanghai	shanghai	PROPN
fbem-18291	167	12	region	region	PROPN
fbem-18291	167	13	c	c	PROPN
fbem-18291	167	14	(	(	PUNCT
fbem-18291	167	15	nanjing	nanjing	PROPN
fbem-18291	167	16	):	):	PUNCT
fbem-18291	167	17	bank	bank	PROPN
fbem-18291	167	18	of	of	ADP
fbem-18291	167	19	nanjing	nanjing	PROPN
fbem-18291	167	20	region	region	PROPN
fbem-18291	168	1	d	d	PROPN
fbem-18291	168	2	(	(	PUNCT
fbem-18291	168	3	zhengzhou	zhengzhou	PROPN
fbem-18291	168	4	):	):	PUNCT
fbem-18291	168	5	bank	bank	PROPN
fbem-18291	168	6	of	of	ADP
fbem-18291	168	7	zhengzhou	zhengzhou	PROPN
fbem-18291	168	8	region	region	PROPN
fbem-18291	168	9	e	e	PROPN
fbem-18291	168	10	(	(	PUNCT
fbem-18291	168	11	chongqing	chongqing	PROPN
fbem-18291	168	12	):	):	PUNCT
fbem-18291	168	13	bank	bank	NOUN
fbem-18291	168	14	of	of	ADP
fbem-18291	168	15	chongqing	chongqing	PROPN
fbem-18291	168	16	region	region	NOUN
fbem-18291	168	17	f	f	PROPN
fbem-18291	168	18	(	(	PUNCT
fbem-18291	168	19	ningbo	ningbo	PROPN
fbem-18291	168	20	):	):	PUNCT
fbem-18291	168	21	bank	bank	PROPN
fbem-18291	168	22	of	of	ADP
fbem-18291	168	23	ningbo	ningbo	PROPN
fbem-18291	168	24	region	region	PROPN
fbem-18291	168	25	g	g	PROPN
fbem-18291	168	26	(	(	PUNCT
fbem-18291	168	27	guangzhou	guangzhou	PROPN
fbem-18291	168	28	):	):	PUNCT
fbem-18291	168	29	ping	pe	VERB
fbem-18291	168	30	an	an	DET
fbem-18291	168	31	bank	bank	NOUN
fbem-18291	168	32	,	,	PUNCT
fbem-18291	168	33	china	china	PROPN
fbem-18291	168	34	merchants	merchants	PROPN
fbem-18291	168	35	bank	bank	PROPN
fbem-18291	168	36	curve	curve	NOUN
fbem-18291	168	37	:	:	PUNCT
fbem-18291	168	38	qinling	qinle	VERB
fbem-18291	168	39	-	-	PUNCT
fbem-18291	168	40	huaihe	huaihe	PROPN
fbem-18291	168	41	line	line	NOUN
fbem-18291	168	42	,	,	PUNCT
fbem-18291	168	43	the	the	DET
fbem-18291	168	44	dividing	dividing	NOUN
fbem-18291	168	45	line	line	NOUN
fbem-18291	168	46	between	between	ADP
fbem-18291	168	47	the	the	DET
fbem-18291	168	48	north	north	NOUN
fbem-18291	168	49	and	and	CCONJ
fbem-18291	168	50	south	south	ADJ
fbem-18291	168	51	regions	region	NOUN
fbem-18291	168	52	of	of	ADP
fbem-18291	168	53	china	china	PROPN
fbem-18291	168	54	straight	straight	ADJ
fbem-18291	168	55	line	line	NOUN
fbem-18291	168	56	:	:	PUNCT
fbem-18291	168	57	hu	hu	PROPN
fbem-18291	168	58	line	line	PROPN
fbem-18291	168	59	3.2	3.2	NUM
fbem-18291	168	60	.	.	PUNCT
fbem-18291	169	1	variable	variable	ADJ
fbem-18291	169	2	selection	selection	NOUN
fbem-18291	169	3	3.2.1	3.2.1	NUM
fbem-18291	169	4	.	.	PUNCT
fbem-18291	169	5	explained	explain	VERB
fbem-18291	169	6	variable	variable	ADJ
fbem-18291	169	7	liquidity	liquidity	NOUN
fbem-18291	169	8	ratio	ratio	NOUN
fbem-18291	169	9	(	(	PUNCT
fbem-18291	169	10	lr	lr	PROPN
fbem-18291	169	11	)	)	PUNCT
fbem-18291	169	12	china	china	PROPN
fbem-18291	169	13	’s	’s	PART
fbem-18291	169	14	liquidity	liquidity	NOUN
fbem-18291	169	15	supervision	supervision	NOUN
fbem-18291	169	16	indicators	indicator	NOUN
fbem-18291	169	17	for	for	ADP
fbem-18291	169	18	commercial	commercial	ADJ
fbem-18291	169	19	banks	bank	NOUN
fbem-18291	169	20	were	be	AUX
fbem-18291	169	21	determined	determine	VERB
fbem-18291	169	22	as	as	ADV
fbem-18291	169	23	early	early	ADV
fbem-18291	169	24	as	as	ADP
fbem-18291	169	25	2006	2006	NUM
fbem-18291	169	26	.	.	PUNCT
fbem-18291	170	1	the	the	DET
fbem-18291	170	2	china	china	PROPN
fbem-18291	170	3	banking	banking	PROPN
fbem-18291	170	4	regulatory	regulatory	ADJ
fbem-18291	170	5	commission	commission	PROPN
fbem-18291	170	6	(	(	PUNCT
fbem-18291	170	7	cbrc	cbrc	NOUN
fbem-18291	170	8	)	)	PUNCT
fbem-18291	170	9	has	have	AUX
fbem-18291	170	10	released	release	VERB
fbem-18291	170	11	a	a	DET
fbem-18291	170	12	set	set	NOUN
fbem-18291	170	13	of	of	ADP
fbem-18291	170	14	core	core	NOUN
fbem-18291	170	15	indicators	indicator	NOUN
fbem-18291	170	16	for	for	ADP
fbem-18291	170	17	risk	risk	NOUN
fbem-18291	170	18	supervision	supervision	NOUN
fbem-18291	170	19	of	of	ADP
fbem-18291	170	20	commercial	commercial	ADJ
fbem-18291	170	21	banks	bank	NOUN
fbem-18291	170	22	for	for	ADP
fbem-18291	170	23	trial	trial	NOUN
fbem-18291	170	24	implementation	implementation	NOUN
fbem-18291	170	25	,	,	PUNCT
fbem-18291	170	26	it	it	PRON
fbem-18291	170	27	can	can	AUX
fbem-18291	170	28	be	be	AUX
fbem-18291	170	29	observed	observe	VERB
fbem-18291	170	30	that	that	SCONJ
fbem-18291	170	31	the	the	DET
fbem-18291	170	32	liquidity	liquidity	NOUN
fbem-18291	170	33	risk	risk	NOUN
fbem-18291	170	34	indicators	indicator	NOUN
fbem-18291	170	35	are	be	AUX
fbem-18291	170	36	used	use	VERB
fbem-18291	170	37	to	to	PART
fbem-18291	170	38	measure	measure	VERB
fbem-18291	170	39	the	the	DET
fbem-18291	170	40	liquidity	liquidity	NOUN
fbem-18291	170	41	position	position	NOUN
fbem-18291	170	42	of	of	ADP
fbem-18291	170	43	commercial	commercial	ADJ
fbem-18291	170	44	banks	bank	NOUN
fbem-18291	170	45	and	and	CCONJ
fbem-18291	170	46	their	their	PRON
fbem-18291	170	47	volatility	volatility	NOUN
fbem-18291	170	48	,	,	PUNCT
fbem-18291	170	49	including	include	VERB
fbem-18291	170	50	the	the	DET
fbem-18291	170	51	liquidity	liquidity	NOUN
fbem-18291	170	52	ratio	ratio	NOUN
fbem-18291	170	53	,	,	PUNCT
fbem-18291	170	54	core	core	NOUN
fbem-18291	170	55	liability	liability	NOUN
fbem-18291	170	56	ratio	ratio	NOUN
fbem-18291	170	57	and	and	CCONJ
fbem-18291	170	58	the	the	DET
fbem-18291	170	59	liquidity	liquidity	NOUN
fbem-18291	170	60	gap	gap	NOUN
fbem-18291	170	61	ratio	ratio	NOUN
fbem-18291	170	62	(	(	PUNCT
fbem-18291	170	63	(	(	PUNCT
fbem-18291	170	64	the	the	DET
fbem-18291	170	65	state	state	PROPN
fbem-18291	170	66	council	council	PROPN
fbem-18291	170	67	,	,	PUNCT
fbem-18291	170	68	2019)[32	2019)[32	PROPN
fbem-18291	170	69	]	]	PUNCT
fbem-18291	170	70	.	.	PUNCT
fbem-18291	171	1	considering	consider	VERB
fbem-18291	171	2	the	the	DET
fbem-18291	171	3	data	data	NOUN
fbem-18291	171	4	availability	availability	NOUN
fbem-18291	171	5	and	and	CCONJ
fbem-18291	171	6	the	the	DET
fbem-18291	171	7	consistency	consistency	NOUN
fbem-18291	171	8	of	of	ADP
fbem-18291	171	9	regulatory	regulatory	ADJ
fbem-18291	171	10	calibre	calibre	NOUN
fbem-18291	171	11	,	,	PUNCT
fbem-18291	171	12	this	this	DET
fbem-18291	171	13	paper	paper	NOUN
fbem-18291	171	14	selects	select	VERB
fbem-18291	171	15	the	the	DET
fbem-18291	171	16	liquidity	liquidity	NOUN
fbem-18291	171	17	ratio	ratio	NOUN
fbem-18291	171	18	(	(	PUNCT
fbem-18291	171	19	lr	lr	NOUN
fbem-18291	171	20	)	)	PUNCT
fbem-18291	171	21	as	as	ADP
fbem-18291	171	22	the	the	DET
fbem-18291	171	23	explanatory	explanatory	ADJ
fbem-18291	171	24	variable	variable	NOUN
fbem-18291	171	25	for	for	ADP
fbem-18291	171	26	the	the	DET
fbem-18291	171	27	later	later	ADJ
fbem-18291	171	28	model	model	NOUN
fbem-18291	171	29	construction	construction	NOUN
fbem-18291	171	30	according	accord	VERB
fbem-18291	171	31	to	to	ADP
fbem-18291	171	32	the	the	DET
fbem-18291	171	33	research	research	NOUN
fbem-18291	171	34	method	method	NOUN
fbem-18291	171	35	of	of	ADP
fbem-18291	171	36	gu	gu	PROPN
fbem-18291	171	37	haifeng	haifeng	PROPN
fbem-18291	171	38	and	and	CCONJ
fbem-18291	171	39	bian	bian	PROPN
fbem-18291	171	40	yuchen	yuchen	NOUN
fbem-18291	171	41	(	(	PUNCT
fbem-18291	171	42	2020	2020	NUM
fbem-18291	171	43	)	)	PUNCT
fbem-18291	171	44	.	.	PUNCT
fbem-18291	172	1	this	this	DET
fbem-18291	172	2	method	method	NOUN
fbem-18291	172	3	is	be	AUX
fbem-18291	172	4	also	also	ADV
fbem-18291	172	5	applied	apply	VERB
fbem-18291	172	6	by	by	ADP
fbem-18291	172	7	shuo	shuo	PROPN
fbem-18291	172	8	li	li	PROPN
fbem-18291	172	9	and	and	CCONJ
fbem-18291	172	10	xiaohui	xiaohui	PROPN
fbem-18291	172	11	hou	hou	PROPN
fbem-18291	172	12	(	(	PUNCT
fbem-18291	172	13	2020	2020	NUM
fbem-18291	172	14	)	)	PUNCT
fbem-18291	172	15	.	.	PUNCT
fbem-18291	173	1	liquidity	liquidity	NOUN
fbem-18291	173	2	ratio	ratio	NOUN
fbem-18291	173	3	is	be	AUX
fbem-18291	173	4	the	the	DET
fbem-18291	173	5	ratio	ratio	NOUN
fbem-18291	173	6	of	of	ADP
fbem-18291	173	7	liquid	liquid	ADJ
fbem-18291	173	8	asset	asset	NOUN
fbem-18291	173	9	balance	balance	NOUN
fbem-18291	173	10	and	and	CCONJ
fbem-18291	173	11	liquid	liquid	ADJ
fbem-18291	173	12	liability	liability	NOUN
fbem-18291	173	13	balance	balance	NOUN
fbem-18291	173	14	,	,	PUNCT
fbem-18291	173	15	which	which	PRON
fbem-18291	173	16	is	be	AUX
fbem-18291	173	17	required	require	VERB
fbem-18291	173	18	by	by	ADP
fbem-18291	173	19	the	the	DET
fbem-18291	173	20	cbrc	cbrc	NOUN
fbem-18291	173	21	not	not	PART
fbem-18291	173	22	to	to	PART
fbem-18291	173	23	be	be	AUX
fbem-18291	173	24	less	less	ADJ
fbem-18291	173	25	than	than	ADP
fbem-18291	173	26	25	25	NUM
fbem-18291	173	27	percent	percent	NOUN
fbem-18291	173	28	,	,	PUNCT
fbem-18291	173	29	and	and	CCONJ
fbem-18291	173	30	the	the	DET
fbem-18291	173	31	liquidity	liquidity	NOUN
fbem-18291	173	32	risk	risk	NOUN
fbem-18291	173	33	will	will	AUX
fbem-18291	173	34	decrease	decrease	VERB
fbem-18291	173	35	with	with	ADP
fbem-18291	173	36	the	the	DET
fbem-18291	173	37	increase	increase	NOUN
fbem-18291	173	38	of	of	ADP
fbem-18291	173	39	liquidity	liquidity	NOUN
fbem-18291	173	40	ratio	ratio	NOUN
fbem-18291	173	41	.	.	PUNCT
fbem-18291	174	1	liquidity	liquidity	NOUN
fbem-18291	174	2	ratios	ratio	NOUN
fbem-18291	174	3	indicate	indicate	VERB
fbem-18291	174	4	a	a	DET
fbem-18291	174	5	bank	bank	NOUN
fbem-18291	174	6	's	's	PART
fbem-18291	174	7	ability	ability	NOUN
fbem-18291	174	8	to	to	PART
fbem-18291	174	9	withstand	withstand	VERB
fbem-18291	174	10	external	external	ADJ
fbem-18291	174	11	risks	risk	NOUN
fbem-18291	174	12	,	,	PUNCT
fbem-18291	174	13	which	which	PRON
fbem-18291	174	14	is	be	AUX
fbem-18291	174	15	higher	high	ADJ
fbem-18291	174	16	the	the	PRON
fbem-18291	174	17	higher	high	ADJ
fbem-18291	174	18	the	the	DET
fbem-18291	174	19	ratio	ratio	NOUN
fbem-18291	174	20	(	(	PUNCT
fbem-18291	174	21	soprano	soprano	NOUN
fbem-18291	174	22	,	,	PUNCT
fbem-18291	174	23	2015)[33	2015)[33	VERB
fbem-18291	174	24	]	]	X
fbem-18291	174	25	.	.	PUNCT
fbem-18291	175	1	3.2.2	3.2.2	NUM
fbem-18291	175	2	.	.	PUNCT
fbem-18291	176	1	core	core	NOUN
fbem-18291	176	2	explanatory	explanatory	ADJ
fbem-18291	176	3	variables	variable	NOUN
fbem-18291	176	4	fintech	fintech	NOUN
fbem-18291	176	5	index	index	NOUN
fbem-18291	176	6	(	(	PUNCT
fbem-18291	176	7	fi	fi	NOUN
fbem-18291	176	8	)	)	PUNCT
fbem-18291	176	9	fintech	fintech	NOUN
fbem-18291	176	10	has	have	AUX
fbem-18291	176	11	developed	develop	VERB
fbem-18291	176	12	rapidly	rapidly	ADV
fbem-18291	176	13	with	with	ADP
fbem-18291	176	14	the	the	DET
fbem-18291	176	15	innovation	innovation	NOUN
fbem-18291	176	16	of	of	ADP
fbem-18291	176	17	information	information	NOUN
fbem-18291	176	18	technology	technology	NOUN
fbem-18291	176	19	and	and	CCONJ
fbem-18291	176	20	has	have	AUX
fbem-18291	176	21	gradually	gradually	ADV
fbem-18291	176	22	penetrated	penetrate	VERB
fbem-18291	176	23	people	people	NOUN
fbem-18291	176	24	’s	’s	PART
fbem-18291	176	25	daily	daily	ADJ
fbem-18291	176	26	life	life	NOUN
fbem-18291	176	27	to	to	ADP
fbem-18291	176	28	date	date	NOUN
fbem-18291	176	29	.	.	PUNCT
fbem-18291	177	1	however	however	ADV
fbem-18291	177	2	,	,	PUNCT
fbem-18291	177	3	due	due	ADP
fbem-18291	177	4	to	to	ADP
fbem-18291	177	5	the	the	DET
fbem-18291	177	6	relatively	relatively	ADV
fbem-18291	177	7	short	short	ADJ
fbem-18291	177	8	period	period	NOUN
fbem-18291	177	9	of	of	ADP
fbem-18291	177	10	time	time	NOUN
fbem-18291	177	11	since	since	SCONJ
fbem-18291	177	12	the	the	DET
fbem-18291	177	13	beginning	beginning	NOUN
fbem-18291	177	14	of	of	ADP
fbem-18291	177	15	fintech	fintech	NOUN
fbem-18291	177	16	research	research	NOUN
fbem-18291	177	17	in	in	ADP
fbem-18291	177	18	china	china	PROPN
fbem-18291	177	19	,	,	PUNCT
fbem-18291	177	20	the	the	DET
fbem-18291	177	21	development	development	NOUN
fbem-18291	177	22	process	process	NOUN
fbem-18291	177	23	is	be	AUX
fbem-18291	177	24	relatively	relatively	ADV
fbem-18291	177	25	slow	slow	ADJ
fbem-18291	177	26	,	,	PUNCT
fbem-18291	177	27	and	and	CCONJ
fbem-18291	177	28	limited	limit	VERB
fbem-18291	177	29	by	by	ADP
fbem-18291	177	30	the	the	DET
fbem-18291	177	31	lack	lack	NOUN
fbem-18291	177	32	of	of	ADP
fbem-18291	177	33	standardised	standardised	ADJ
fbem-18291	177	34	measurement	measurement	NOUN
fbem-18291	177	35	standards	standard	NOUN
fbem-18291	177	36	,	,	PUNCT
fbem-18291	177	37	there	there	PRON
fbem-18291	177	38	are	be	VERB
fbem-18291	177	39	not	not	PART
fbem-18291	177	40	many	many	ADJ
fbem-18291	177	41	measures	measure	NOUN
fbem-18291	177	42	of	of	ADP
fbem-18291	177	43	the	the	DET
fbem-18291	177	44	degree	degree	NOUN
fbem-18291	177	45	of	of	ADP
fbem-18291	177	46	fintech	fintech	NOUN
fbem-18291	177	47	development	development	NOUN
fbem-18291	177	48	in	in	ADP
fbem-18291	177	49	china[34	china[34	NOUN
fbem-18291	177	50	]	]	PUNCT
fbem-18291	177	51	to	to	ADP
fbem-18291	177	52	date	date	NOUN
fbem-18291	177	53	,	,	PUNCT
fbem-18291	177	54	there	there	PRON
fbem-18291	177	55	have	have	AUX
fbem-18291	177	56	been	be	AUX
fbem-18291	177	57	three	three	NUM
fbem-18291	177	58	primary	primary	ADJ
fbem-18291	177	59	sources	source	NOUN
fbem-18291	177	60	of	of	ADP
fbem-18291	177	61	authoritative	authoritative	ADJ
fbem-18291	177	62	domestic	domestic	ADJ
fbem-18291	177	63	fintech	fintech	NOUN
fbem-18291	177	64	indices	index	NOUN
fbem-18291	177	65	in	in	ADP
fbem-18291	177	66	china	china	PROPN
fbem-18291	177	67	:	:	PUNCT
fbem-18291	177	68	the	the	DET
fbem-18291	177	69	first	first	ADJ
fbem-18291	177	70	is	be	AUX
fbem-18291	177	71	the	the	DET
fbem-18291	177	72	‘	'	PUNCT
fbem-18291	177	73	peking	peking	ADJ
fbem-18291	177	74	university	university	NOUN
fbem-18291	177	75	internet	internet	NOUN
fbem-18291	177	76	finance	finance	PROPN
fbem-18291	177	77	development	development	PROPN
fbem-18291	177	78	index	index	PROPN
fbem-18291	177	79	’	'	PUNCT
fbem-18291	177	80	from	from	ADP
fbem-18291	177	81	the	the	DET
fbem-18291	177	82	internet	internet	NOUN
fbem-18291	177	83	finance	finance	NOUN
fbem-18291	177	84	research	research	NOUN
fbem-18291	177	85	centre	centre	NOUN
fbem-18291	177	86	of	of	ADP
fbem-18291	177	87	peking	peking	PROPN
fbem-18291	177	88	university	university	NOUN
fbem-18291	177	89	.	.	PUNCT
fbem-18291	178	1	the	the	DET
fbem-18291	178	2	index	index	NOUN
fbem-18291	178	3	is	be	AUX
fbem-18291	178	4	jointly	jointly	ADV
fbem-18291	178	5	constructed	construct	VERB
fbem-18291	178	6	by	by	ADP
fbem-18291	178	7	peking	peking	PROPN
fbem-18291	178	8	university	university	PROPN
fbem-18291	178	9	’s	’s	PART
fbem-18291	178	10	internet	internet	NOUN
fbem-18291	178	11	finance	finance	NOUN
fbem-18291	178	12	research	research	NOUN
fbem-18291	178	13	centre	centre	NOUN
fbem-18291	178	14	led	lead	VERB
fbem-18291	178	15	by	by	ADP
fbem-18291	178	16	guo	guo	PROPN
fbem-18291	178	17	feng	feng	PROPN
fbem-18291	178	18	(	(	PUNCT
fbem-18291	178	19	2020	2020	NUM
fbem-18291	178	20	)	)	PUNCT
fbem-18291	178	21	,	,	PUNCT
fbem-18291	178	22	ant	ant	ADJ
fbem-18291	178	23	financial	financial	PROPN
fbem-18291	178	24	services	service	NOUN
fbem-18291	178	25	group	group	NOUN
fbem-18291	178	26	and	and	CCONJ
fbem-18291	178	27	shanghai	shanghai	PROPN
fbem-18291	178	28	new	new	ADJ
fbem-18291	178	29	financial	financial	ADJ
fbem-18291	178	30	research	research	NOUN
fbem-18291	178	31	institute[35	institute[35	PROPN
fbem-18291	178	32	]	]	PUNCT
fbem-18291	178	33	.	.	PUNCT
fbem-18291	179	1	it	it	PRON
fbem-18291	179	2	is	be	AUX
fbem-18291	179	3	a	a	DET
fbem-18291	179	4	panel	panel	NOUN
fbem-18291	179	5	dataset	dataset	VERB
fbem-18291	179	6	that	that	PRON
fbem-18291	179	7	is	be	AUX
fbem-18291	179	8	extremely	extremely	ADV
fbem-18291	179	9	representative	representative	ADJ
fbem-18291	179	10	and	and	CCONJ
fbem-18291	179	11	accurate	accurate	ADJ
fbem-18291	179	12	,	,	PUNCT
fbem-18291	179	13	covering	cover	VERB
fbem-18291	179	14	31	31	NUM
fbem-18291	179	15	provinces	province	NOUN
fbem-18291	179	16	,	,	PUNCT
fbem-18291	179	17	337	337	NUM
fbem-18291	179	18	municipalities	municipality	NOUN
fbem-18291	179	19	and	and	CCONJ
fbem-18291	179	20	approximately	approximately	ADV
fbem-18291	179	21	2,800	2,800	NUM
fbem-18291	179	22	counties	county	NOUN
fbem-18291	179	23	in	in	ADP
fbem-18291	179	24	china	china	PROPN
fbem-18291	179	25	;	;	PUNCT
fbem-18291	179	26	followed	follow	VERB
fbem-18291	179	27	by	by	ADP
fbem-18291	179	28	a	a	DET
fbem-18291	179	29	fintech	fintech	NOUN
fbem-18291	179	30	index	index	NOUN
fbem-18291	179	31	constructed	construct	VERB
fbem-18291	179	32	using	use	VERB
fbem-18291	179	33	the	the	DET
fbem-18291	179	34	size	size	NOUN
fbem-18291	179	35	of	of	ADP
fbem-18291	179	36	p2p	p2p	NOUN
fbem-18291	179	37	transactions	transaction	NOUN
fbem-18291	179	38	in	in	ADP
fbem-18291	179	39	china	china	PROPN
fbem-18291	179	40	.	.	PUNCT
fbem-18291	180	1	thirdly	thirdly	ADV
fbem-18291	180	2	,	,	PUNCT
fbem-18291	180	3	the	the	DET
fbem-18291	180	4	text	text	NOUN
fbem-18291	180	5	mining	mining	NOUN
fbem-18291	180	6	method	method	NOUN
fbem-18291	180	7	(	(	PUNCT
fbem-18291	180	8	2015	2015	NUM
fbem-18291	180	9	)	)	PUNCT
fbem-18291	180	10	published	publish	VERB
fbem-18291	180	11	in	in	ADP
fbem-18291	180	12	a	a	DET
fbem-18291	180	13	top	top	ADJ
fbem-18291	180	14	chinese	chinese	ADJ
fbem-18291	180	15	journal	journal	NOUN
fbem-18291	180	16	by	by	ADP
fbem-18291	180	17	guo	guo	PROPN
fbem-18291	180	18	pin	pin	PROPN
fbem-18291	180	19	and	and	CCONJ
fbem-18291	180	20	shen	shen	PROPN
fbem-18291	180	21	yue	yue	PROPN
fbem-18291	180	22	was	be	AUX
fbem-18291	180	23	used	use	VERB
fbem-18291	180	24	to	to	PART
fbem-18291	180	25	combine	combine	VERB
fbem-18291	180	26	the	the	DET
fbem-18291	180	27	financial	financial	ADJ
fbem-18291	180	28	functions	function	NOUN
fbem-18291	180	29	(	(	PUNCT
fbem-18291	180	30	payment	payment	NOUN
fbem-18291	180	31	and	and	CCONJ
fbem-18291	180	32	settlement	settlement	NOUN
fbem-18291	180	33	,	,	PUNCT
fbem-18291	180	34	resource	resource	NOUN
fbem-18291	180	35	allocation	allocation	NOUN
fbem-18291	180	36	,	,	PUNCT
fbem-18291	180	37	risk	risk	NOUN
fbem-18291	180	38	management	management	NOUN
fbem-18291	180	39	and	and	CCONJ
fbem-18291	180	40	information	information	NOUN
fbem-18291	180	41	transfer	transfer	NOUN
fbem-18291	180	42	)	)	PUNCT
fbem-18291	180	43	and	and	CCONJ
fbem-18291	180	44	technology	technology	NOUN
fbem-18291	180	45	paths	path	NOUN
fbem-18291	180	46	(	(	PUNCT
fbem-18291	180	47	big	big	ADJ
fbem-18291	180	48	data	datum	NOUN
fbem-18291	180	49	,	,	PUNCT
fbem-18291	180	50	cloud	cloud	NOUN
fbem-18291	180	51	computing	computing	NOUN
fbem-18291	180	52	,	,	PUNCT
fbem-18291	180	53	artificial	artificial	ADJ
fbem-18291	180	54	intelligence	intelligence	NOUN
fbem-18291	180	55	,	,	PUNCT
fbem-18291	180	56	blockchain	blockchain	NOUN
fbem-18291	180	57	,	,	PUNCT
fbem-18291	180	58	and	and	CCONJ
fbem-18291	180	59	biometrics	biometric	NOUN
fbem-18291	180	60	)	)	PUNCT
fbem-18291	180	61	,	,	PUNCT
fbem-18291	180	62	to	to	PART
fbem-18291	180	63	construct	construct	VERB
fbem-18291	180	64	the	the	DET
fbem-18291	180	65	original	original	ADJ
fbem-18291	180	66	financial	financial	ADJ
fbem-18291	180	67	thesaurus	thesaurus	NOUN
fbem-18291	180	68	,	,	PUNCT
fbem-18291	180	69	and	and	CCONJ
fbem-18291	180	70	calculate	calculate	VERB
fbem-18291	180	71	the	the	DET
fbem-18291	180	72	annual	annual	ADJ
fbem-18291	180	73	word	word	NOUN
fbem-18291	180	74	frequency	frequency	NOUN
fbem-18291	180	75	of	of	ADP
fbem-18291	180	76	relevant	relevant	ADJ
fbem-18291	180	77	keywords	keyword	NOUN
fbem-18291	180	78	with	with	ADP
fbem-18291	180	79	the	the	DET
fbem-18291	180	80	help	help	NOUN
fbem-18291	180	81	of	of	ADP
fbem-18291	180	82	china	china	PROPN
fbem-18291	180	83	’s	’s	PART
fbem-18291	180	84	mainstream	mainstream	NOUN
fbem-18291	180	85	search	search	NOUN
fbem-18291	180	86	engines	engine	NOUN
fbem-18291	180	87	baidu	baidu	X
fbem-18291	180	88	,	,	PUNCT
fbem-18291	180	89	sogou	sogou	NOUN
fbem-18291	180	90	,	,	PUNCT
fbem-18291	180	91	and	and	CCONJ
fbem-18291	180	92	360	360	NUM
fbem-18291	180	93	engines	engine	NOUN
fbem-18291	180	94	.	.	PUNCT
fbem-18291	181	1	finally	finally	ADV
fbem-18291	181	2	,	,	PUNCT
fbem-18291	181	3	the	the	DET
fbem-18291	181	4	factor	factor	NOUN
fbem-18291	181	5	analysis	analysis	NOUN
fbem-18291	181	6	method	method	NOUN
fbem-18291	181	7	constructs	construct	VERB
fbem-18291	181	8	a	a	DET
fbem-18291	181	9	national	national	ADJ
fbem-18291	181	10	-	-	PUNCT
fbem-18291	181	11	level	level	NOUN
fbem-18291	181	12	internet	internet	NOUN
fbem-18291	181	13	index[36	index[36	NOUN
fbem-18291	181	14	]	]	PUNCT
fbem-18291	181	15	since	since	SCONJ
fbem-18291	181	16	the	the	DET
fbem-18291	181	17	development	development	NOUN
fbem-18291	181	18	of	of	ADP
fbem-18291	181	19	fintech	fintech	NOUN
fbem-18291	181	20	in	in	ADP
fbem-18291	181	21	china	china	PROPN
fbem-18291	181	22	is	be	AUX
fbem-18291	181	23	relatively	relatively	ADV
fbem-18291	181	24	short	short	ADJ
fbem-18291	181	25	and	and	CCONJ
fbem-18291	181	26	the	the	DET
fbem-18291	181	27	time	time	NOUN
fbem-18291	181	28	series	series	NOUN
fbem-18291	181	29	is	be	AUX
fbem-18291	181	30	insufficient	insufficient	ADJ
fbem-18291	181	31	,	,	PUNCT
fbem-18291	181	32	the	the	DET
fbem-18291	181	33	second	second	ADJ
fbem-18291	181	34	and	and	CCONJ
fbem-18291	181	35	third	third	ADJ
fbem-18291	181	36	methods	method	NOUN
fbem-18291	181	37	can	can	AUX
fbem-18291	181	38	not	not	PART
fbem-18291	181	39	effectively	effectively	ADV
fbem-18291	181	40	reflect	reflect	VERB
fbem-18291	181	41	the	the	DET
fbem-18291	181	42	development	development	NOUN
fbem-18291	181	43	of	of	ADP
fbem-18291	181	44	fintech	fintech	NOUN
fbem-18291	181	45	in	in	ADP
fbem-18291	181	46	china	china	PROPN
fbem-18291	181	47	in	in	ADP
fbem-18291	181	48	recent	recent	ADJ
fbem-18291	181	49	years	year	NOUN
fbem-18291	181	50	,	,	PUNCT
fbem-18291	181	51	therefore	therefore	ADV
fbem-18291	181	52	,	,	PUNCT
fbem-18291	181	53	this	this	DET
fbem-18291	181	54	paper	paper	NOUN
fbem-18291	181	55	chooses	choose	VERB
fbem-18291	181	56	the	the	DET
fbem-18291	181	57	‘	'	PUNCT
fbem-18291	181	58	peking	peking	ADJ
fbem-18291	181	59	university	university	NOUN
fbem-18291	181	60	internet	internet	NOUN
fbem-18291	181	61	finance	finance	PROPN
fbem-18291	181	62	development	development	PROPN
fbem-18291	181	63	index	index	PROPN
fbem-18291	181	64	’	'	PUNCT
fbem-18291	181	65	as	as	ADP
fbem-18291	181	66	the	the	DET
fbem-18291	181	67	core	core	NOUN
fbem-18291	181	68	explanatory	explanatory	ADJ
fbem-18291	181	69	variable	variable	NOUN
fbem-18291	181	70	.	.	PUNCT
fbem-18291	182	1	this	this	DET
fbem-18291	182	2	variable	variable	NOUN
fbem-18291	182	3	is	be	AUX
fbem-18291	182	4	constructed	construct	VERB
fbem-18291	182	5	in	in	ADP
fbem-18291	182	6	288	288	NUM
fbem-18291	182	7	collaboration	collaboration	NOUN
fbem-18291	182	8	with	with	ADP
fbem-18291	182	9	ant	ant	ADJ
fbem-18291	182	10	financial	financial	ADJ
fbem-18291	182	11	services	service	NOUN
fbem-18291	182	12	using	use	VERB
fbem-18291	182	13	the	the	DET
fbem-18291	182	14	underlying	underlie	VERB
fbem-18291	182	15	data	datum	NOUN
fbem-18291	182	16	of	of	ADP
fbem-18291	182	17	alibaba	alibaba	PROPN
fbem-18291	182	18	,	,	PUNCT
fbem-18291	182	19	china	china	PROPN
fbem-18291	182	20	’s	’s	PART
fbem-18291	182	21	largest	large	ADJ
fbem-18291	182	22	e	e	ADJ
fbem-18291	182	23	-	-	NOUN
fbem-18291	182	24	commerce	commerce	NOUN
fbem-18291	182	25	platform	platform	NOUN
fbem-18291	182	26	and	and	CCONJ
fbem-18291	182	27	internet	internet	NOUN
fbem-18291	182	28	finance	finance	NOUN
fbem-18291	182	29	company	company	NOUN
fbem-18291	182	30	,	,	PUNCT
fbem-18291	182	31	which	which	PRON
fbem-18291	182	32	comprehensively	comprehensively	ADV
fbem-18291	182	33	covers	cover	VERB
fbem-18291	182	34	the	the	DET
fbem-18291	182	35	detailed	detailed	ADJ
fbem-18291	182	36	data	datum	NOUN
fbem-18291	182	37	of	of	ADP
fbem-18291	182	38	each	each	DET
fbem-18291	182	39	region	region	NOUN
fbem-18291	182	40	in	in	ADP
fbem-18291	182	41	china	china	PROPN
fbem-18291	182	42	(	(	PUNCT
fbem-18291	182	43	institute	institute	PROPN
fbem-18291	182	44	of	of	ADP
fbem-18291	182	45	digital	digital	PROPN
fbem-18291	182	46	finance	finance	PROPN
fbem-18291	182	47	peking	peking	PROPN
fbem-18291	182	48	university	university	PROPN
fbem-18291	182	49	,	,	PUNCT
fbem-18291	182	50	2020)[37	2020)[37	NOUN
fbem-18291	182	51	]	]	PUNCT
fbem-18291	182	52	for	for	ADP
fbem-18291	182	53	reference	reference	NOUN
fbem-18291	182	54	,	,	PUNCT
fbem-18291	182	55	this	this	DET
fbem-18291	182	56	data	data	NOUN
fbem-18291	182	57	is	be	AUX
fbem-18291	182	58	unanimously	unanimously	ADV
fbem-18291	182	59	recognised	recognise	VERB
fbem-18291	182	60	by	by	ADP
fbem-18291	182	61	chinese	chinese	ADJ
fbem-18291	182	62	domestic	domestic	ADJ
fbem-18291	182	63	scholars	scholar	NOUN
fbem-18291	182	64	and	and	CCONJ
fbem-18291	182	65	is	be	AUX
fbem-18291	182	66	one	one	NUM
fbem-18291	182	67	of	of	ADP
fbem-18291	182	68	the	the	DET
fbem-18291	182	69	most	most	ADV
fbem-18291	182	70	authoritative	authoritative	ADJ
fbem-18291	182	71	fintech	fintech	NOUN
fbem-18291	182	72	data	datum	NOUN
fbem-18291	182	73	in	in	ADP
fbem-18291	182	74	china	china	PROPN
fbem-18291	182	75	(	(	PUNCT
fbem-18291	182	76	institute	institute	PROPN
fbem-18291	182	77	of	of	ADP
fbem-18291	182	78	digital	digital	PROPN
fbem-18291	182	79	finance	finance	PROPN
fbem-18291	182	80	peking	peking	PROPN
fbem-18291	182	81	university	university	NOUN
fbem-18291	182	82	,	,	PUNCT
fbem-18291	182	83	2020	2020	NUM
fbem-18291	182	84	)	)	PUNCT
fbem-18291	182	85	.	.	PUNCT
fbem-18291	183	1	currently	currently	ADV
fbem-18291	183	2	,	,	PUNCT
fbem-18291	183	3	the	the	DET
fbem-18291	183	4	peking	peking	PROPN
fbem-18291	183	5	university	university	PROPN
fbem-18291	183	6	digital	digital	PROPN
fbem-18291	183	7	inclusive	inclusive	ADJ
fbem-18291	183	8	finance	finance	NOUN
fbem-18291	183	9	index	index	NOUN
fbem-18291	183	10	has	have	AUX
fbem-18291	183	11	been	be	AUX
fbem-18291	183	12	updated	update	VERB
fbem-18291	183	13	to	to	ADP
fbem-18291	183	14	2021	2021	NUM
fbem-18291	183	15	,	,	PUNCT
fbem-18291	183	16	but	but	CCONJ
fbem-18291	183	17	due	due	ADP
fbem-18291	183	18	to	to	ADP
fbem-18291	183	19	the	the	DET
fbem-18291	183	20	impact	impact	NOUN
fbem-18291	183	21	of	of	ADP
fbem-18291	183	22	the	the	DET
fbem-18291	183	23	covid-19	covid-19	PROPN
fbem-18291	183	24	and	and	CCONJ
fbem-18291	183	25	the	the	DET
fbem-18291	183	26	implementation	implementation	NOUN
fbem-18291	183	27	of	of	ADP
fbem-18291	183	28	the	the	DET
fbem-18291	183	29	universal	universal	ADJ
fbem-18291	183	30	epidemic	epidemic	NOUN
fbem-18291	183	31	prevention	prevention	NOUN
fbem-18291	183	32	policy	policy	NOUN
fbem-18291	183	33	,	,	PUNCT
fbem-18291	183	34	economic	economic	ADJ
fbem-18291	183	35	data	datum	NOUN
fbem-18291	183	36	after	after	ADP
fbem-18291	183	37	2020	2020	NUM
fbem-18291	183	38	can	can	AUX
fbem-18291	183	39	not	not	PART
fbem-18291	183	40	fully	fully	ADV
fbem-18291	183	41	and	and	CCONJ
fbem-18291	183	42	accurately	accurately	ADV
fbem-18291	183	43	reflect	reflect	VERB
fbem-18291	183	44	the	the	DET
fbem-18291	183	45	development	development	NOUN
fbem-18291	183	46	of	of	ADP
fbem-18291	183	47	fintech	fintech	NOUN
fbem-18291	183	48	and	and	CCONJ
fbem-18291	183	49	is	be	AUX
fbem-18291	183	50	thus	thus	ADV
fbem-18291	183	51	disregarded	disregard	VERB
fbem-18291	183	52	,	,	PUNCT
fbem-18291	183	53	therefore	therefore	ADV
fbem-18291	183	54	,	,	PUNCT
fbem-18291	183	55	this	this	DET
fbem-18291	183	56	paper	paper	NOUN
fbem-18291	183	57	has	have	AUX
fbem-18291	183	58	selected	select	VERB
fbem-18291	183	59	the	the	DET
fbem-18291	183	60	peking	peking	PROPN
fbem-18291	183	61	university	university	PROPN
fbem-18291	183	62	digital	digital	PROPN
fbem-18291	183	63	inclusive	inclusive	ADJ
fbem-18291	183	64	finance	finance	NOUN
fbem-18291	183	65	index	index	NOUN
fbem-18291	183	66	for	for	ADP
fbem-18291	183	67	the	the	DET
fbem-18291	183	68	period	period	NOUN
fbem-18291	183	69	of	of	ADP
fbem-18291	183	70	2013	2013	NUM
fbem-18291	183	71	to	to	ADP
fbem-18291	183	72	2019[38	2019[38	NUM
fbem-18291	183	73	]	]	PUNCT
fbem-18291	183	74	using	use	VERB
fbem-18291	183	75	traditional	traditional	ADJ
fbem-18291	183	76	inclusive	inclusive	ADJ
fbem-18291	183	77	finance	finance	NOUN
fbem-18291	183	78	indicators	indicator	NOUN
fbem-18291	183	79	proposed	propose	VERB
fbem-18291	183	80	by	by	ADP
fbem-18291	183	81	existing	exist	VERB
fbem-18291	183	82	literature	literature	NOUN
fbem-18291	183	83	and	and	CCONJ
fbem-18291	183	84	international	international	ADJ
fbem-18291	183	85	organizations	organization	NOUN
fbem-18291	183	86	,	,	PUNCT
fbem-18291	183	87	peking	peking	PROPN
fbem-18291	183	88	university	university	NOUN
fbem-18291	183	89	developed	develop	VERB
fbem-18291	183	90	the	the	DET
fbem-18291	183	91	digital	digital	ADJ
fbem-18291	183	92	inclusive	inclusive	ADJ
fbem-18291	183	93	finance	finance	NOUN
fbem-18291	183	94	index	index	NOUN
fbem-18291	183	95	.	.	PUNCT
fbem-18291	184	1	in	in	ADP
fbem-18291	184	2	light	light	NOUN
fbem-18291	184	3	of	of	ADP
fbem-18291	184	4	the	the	DET
fbem-18291	184	5	innovative	innovative	ADJ
fbem-18291	184	6	development	development	NOUN
fbem-18291	184	7	of	of	ADP
fbem-18291	184	8	digital	digital	ADJ
fbem-18291	184	9	financial	financial	ADJ
fbem-18291	184	10	services	service	NOUN
fbem-18291	184	11	,	,	PUNCT
fbem-18291	184	12	this	this	DET
fbem-18291	184	13	index	index	NOUN
fbem-18291	184	14	is	be	AUX
fbem-18291	184	15	comprehensively	comprehensively	ADV
fbem-18291	184	16	constructed	construct	VERB
fbem-18291	184	17	based	base	VERB
fbem-18291	184	18	on	on	ADP
fbem-18291	184	19	the	the	DET
fbem-18291	184	20	breadth	breadth	NOUN
fbem-18291	184	21	of	of	ADP
fbem-18291	184	22	digital	digital	ADJ
fbem-18291	184	23	finance	finance	NOUN
fbem-18291	184	24	coverage	coverage	NOUN
fbem-18291	184	25	,	,	PUNCT
fbem-18291	184	26	depth	depth	NOUN
fbem-18291	184	27	of	of	ADP
fbem-18291	184	28	use	use	NOUN
fbem-18291	184	29	,	,	PUNCT
fbem-18291	184	30	and	and	CCONJ
fbem-18291	184	31	degree	degree	NOUN
fbem-18291	184	32	of	of	ADP
fbem-18291	184	33	digitisation	digitisation	NOUN
fbem-18291	184	34	of	of	ADP
fbem-18291	184	35	inclusive	inclusive	ADJ
fbem-18291	184	36	finance[39	finance[39	NOUN
fbem-18291	184	37	]	]	X
fbem-18291	184	38	the	the	DET
fbem-18291	184	39	specific	specific	ADJ
fbem-18291	184	40	dimensions	dimension	NOUN
fbem-18291	184	41	and	and	CCONJ
fbem-18291	184	42	indicators	indicator	NOUN
fbem-18291	184	43	are	be	AUX
fbem-18291	184	44	presented	present	VERB
fbem-18291	184	45	in	in	ADP
fbem-18291	184	46	table	table	NOUN
fbem-18291	184	47	3	3	NUM
fbem-18291	184	48	-	-	SYM
fbem-18291	184	49	2	2	NUM
fbem-18291	184	50	.	.	PUNCT
fbem-18291	184	51	table	table	NOUN
fbem-18291	184	52	3	3	NUM
fbem-18291	184	53	-	-	SYM
fbem-18291	184	54	2	2	NUM
fbem-18291	184	55	.	.	PUNCT
fbem-18291	185	1	digital	digital	ADJ
fbem-18291	185	2	financial	financial	ADJ
fbem-18291	185	3	inclusion	inclusion	NOUN
fbem-18291	185	4	index	index	NOUN
fbem-18291	185	5	framework	framework	NOUN
fbem-18291	185	6	index	index	NOUN
fbem-18291	185	7	dimension	dimension	NOUN
fbem-18291	185	8	second	second	ADJ
fbem-18291	185	9	-	-	PUNCT
fbem-18291	185	10	order	order	NOUN
fbem-18291	185	11	index	index	NOUN
fbem-18291	185	12	digital	digital	ADJ
fbem-18291	185	13	financial	financial	ADJ
fbem-18291	185	14	inclusion	inclusion	NOUN
fbem-18291	185	15	index	index	NOUN
fbem-18291	185	16	coverage	coverage	NOUN
fbem-18291	185	17	index	index	NOUN
fbem-18291	185	18	service	service	NOUN
fbem-18291	185	19	depth	depth	NOUN
fbem-18291	185	20	index	index	NOUN
fbem-18291	185	21	payment	payment	NOUN
fbem-18291	185	22	usage	usage	NOUN
fbem-18291	185	23	index	index	NOUN
fbem-18291	185	24	money	money	NOUN
fbem-18291	185	25	funds	fund	VERB
fbem-18291	185	26	usage	usage	NOUN
fbem-18291	185	27	indices	index	NOUN
fbem-18291	185	28	credit	credit	NOUN
fbem-18291	185	29	usage	usage	NOUN
fbem-18291	185	30	index	index	NOUN
fbem-18291	185	31	insurance	insurance	NOUN
fbem-18291	185	32	usage	usage	NOUN
fbem-18291	185	33	index	index	NOUN
fbem-18291	185	34	investment	investment	NOUN
fbem-18291	185	35	usage	usage	NOUN
fbem-18291	185	36	index	index	NOUN
fbem-18291	185	37	digitisation	digitisation	NOUN
fbem-18291	185	38	index	index	NOUN
fbem-18291	185	39	mobility	mobility	NOUN
fbem-18291	185	40	index	index	NOUN
fbem-18291	185	41	affordability	affordability	NOUN
fbem-18291	185	42	index	index	NOUN
fbem-18291	185	43	credit	credit	NOUN
fbem-18291	185	44	index	index	NOUN
fbem-18291	185	45	facilitation	facilitation	NOUN
fbem-18291	185	46	index	index	NOUN
fbem-18291	185	47	in	in	ADP
fbem-18291	185	48	terms	term	NOUN
fbem-18291	185	49	of	of	ADP
fbem-18291	185	50	construction	construction	NOUN
fbem-18291	185	51	methodology	methodology	NOUN
fbem-18291	185	52	,	,	PUNCT
fbem-18291	185	53	the	the	DET
fbem-18291	185	54	index	index	NOUN
fbem-18291	185	55	is	be	AUX
fbem-18291	185	56	based	base	VERB
fbem-18291	185	57	on	on	ADP
fbem-18291	185	58	the	the	DET
fbem-18291	185	59	connotation	connotation	NOUN
fbem-18291	185	60	and	and	CCONJ
fbem-18291	185	61	characteristics	characteristic	NOUN
fbem-18291	185	62	of	of	ADP
fbem-18291	185	63	digital	digital	ADJ
fbem-18291	185	64	finance	finance	NOUN
fbem-18291	185	65	,	,	PUNCT
fbem-18291	185	66	taking	take	VERB
fbem-18291	185	67	into	into	ADP
fbem-18291	185	68	account	account	NOUN
fbem-18291	185	69	the	the	DET
fbem-18291	185	70	people	people	NOUN
fbem-18291	185	71	and	and	CCONJ
fbem-18291	185	72	regions	region	NOUN
fbem-18291	185	73	covered	cover	VERB
fbem-18291	185	74	by	by	ADP
fbem-18291	185	75	digital	digital	ADJ
fbem-18291	185	76	finance	finance	NOUN
fbem-18291	185	77	,	,	PUNCT
fbem-18291	185	78	and	and	CCONJ
fbem-18291	185	79	combining	combine	VERB
fbem-18291	185	80	the	the	DET
fbem-18291	185	81	depth	depth	NOUN
fbem-18291	185	82	of	of	ADP
fbem-18291	185	83	being	be	AUX
fbem-18291	185	84	used	use	VERB
fbem-18291	185	85	and	and	CCONJ
fbem-18291	185	86	the	the	DET
fbem-18291	185	87	practicality	practicality	NOUN
fbem-18291	185	88	of	of	ADP
fbem-18291	185	89	fintech	fintech	NOUN
fbem-18291	185	90	services	service	NOUN
fbem-18291	185	91	.	.	PUNCT
fbem-18291	186	1	meanwhile	meanwhile	ADV
fbem-18291	186	2	,	,	PUNCT
fbem-18291	186	3	the	the	DET
fbem-18291	186	4	construction	construction	NOUN
fbem-18291	186	5	of	of	ADP
fbem-18291	186	6	the	the	DET
fbem-18291	186	7	index	index	NOUN
fbem-18291	186	8	contains	contain	VERB
fbem-18291	186	9	indicators	indicator	NOUN
fbem-18291	186	10	of	of	ADP
fbem-18291	186	11	banking	banking	NOUN
fbem-18291	186	12	services	service	NOUN
fbem-18291	186	13	,	,	PUNCT
fbem-18291	186	14	payments	payment	NOUN
fbem-18291	186	15	,	,	PUNCT
fbem-18291	186	16	insurance	insurance	NOUN
fbem-18291	186	17	,	,	PUNCT
fbem-18291	186	18	money	money	NOUN
fbem-18291	186	19	funds	fund	NOUN
fbem-18291	186	20	and	and	CCONJ
fbem-18291	186	21	other	other	ADJ
fbem-18291	186	22	aspects	aspect	NOUN
fbem-18291	186	23	,	,	PUNCT
fbem-18291	186	24	which	which	PRON
fbem-18291	186	25	more	more	ADV
fbem-18291	186	26	comprehensively	comprehensively	ADV
fbem-18291	186	27	describe	describe	VERB
fbem-18291	186	28	the	the	DET
fbem-18291	186	29	development	development	NOUN
fbem-18291	186	30	level	level	NOUN
fbem-18291	186	31	of	of	ADP
fbem-18291	186	32	fintech	fintech	NOUN
fbem-18291	186	33	(	(	PUNCT
fbem-18291	186	34	peking	peking	PROPN
fbem-18291	186	35	university	university	NOUN
fbem-18291	186	36	digital	digital	ADJ
fbem-18291	186	37	finance	finance	NOUN
fbem-18291	186	38	research	research	NOUN
fbem-18291	186	39	centre	centre	NOUN
fbem-18291	186	40	,	,	PUNCT
fbem-18291	186	41	2021	2021	NUM
fbem-18291	186	42	)	)	PUNCT
fbem-18291	186	43	.	.	PUNCT
fbem-18291	187	1	in	in	ADP
fbem-18291	187	2	the	the	DET
fbem-18291	187	3	existing	exist	VERB
fbem-18291	187	4	research	research	NOUN
fbem-18291	187	5	in	in	ADP
fbem-18291	187	6	china	china	PROPN
fbem-18291	187	7	,	,	PUNCT
fbem-18291	187	8	most	most	ADJ
fbem-18291	187	9	scholars	scholar	NOUN
fbem-18291	187	10	mostly	mostly	ADV
fbem-18291	187	11	agree	agree	VERB
fbem-18291	187	12	to	to	PART
fbem-18291	187	13	use	use	VERB
fbem-18291	187	14	the	the	DET
fbem-18291	187	15	total	total	ADJ
fbem-18291	187	16	digital	digital	ADJ
fbem-18291	187	17	financial	financial	ADJ
fbem-18291	187	18	inclusion	inclusion	NOUN
fbem-18291	187	19	index	index	NOUN
fbem-18291	187	20	to	to	PART
fbem-18291	187	21	measure	measure	VERB
fbem-18291	187	22	fintech	fintech	NOUN
fbem-18291	187	23	(	(	PUNCT
fbem-18291	187	24	institute	institute	NOUN
fbem-18291	187	25	of	of	ADP
fbem-18291	187	26	digital	digital	PROPN
fbem-18291	187	27	finance	finance	PROPN
fbem-18291	187	28	peking	peking	PROPN
fbem-18291	187	29	university	university	NOUN
fbem-18291	187	30	,	,	PUNCT
fbem-18291	187	31	2020	2020	NUM
fbem-18291	187	32	)	)	PUNCT
fbem-18291	187	33	,	,	PUNCT
fbem-18291	187	34	therefore	therefore	ADV
fbem-18291	187	35	,	,	PUNCT
fbem-18291	187	36	the	the	DET
fbem-18291	187	37	test	test	NOUN
fbem-18291	187	38	model	model	NOUN
fbem-18291	187	39	construction	construction	NOUN
fbem-18291	187	40	in	in	ADP
fbem-18291	187	41	this	this	DET
fbem-18291	187	42	paper	paper	NOUN
fbem-18291	187	43	will	will	AUX
fbem-18291	187	44	refer	refer	VERB
fbem-18291	187	45	to	to	ADP
fbem-18291	187	46	this	this	DET
fbem-18291	187	47	index	index	NOUN
fbem-18291	187	48	.	.	PUNCT
fbem-18291	188	1	3.2.3	3.2.3	X
fbem-18291	188	2	.	.	X
fbem-18291	188	3	intermediation	intermediation	NOUN
fbem-18291	188	4	variables	variable	VERB
fbem-18291	188	5	net	net	ADJ
fbem-18291	188	6	interest	interest	NOUN
fbem-18291	188	7	margin	margin	NOUN
fbem-18291	188	8	(	(	PUNCT
fbem-18291	188	9	nim	nim	NOUN
fbem-18291	188	10	)	)	PUNCT
fbem-18291	188	11	and	and	CCONJ
fbem-18291	188	12	non	non	ADJ
fbem-18291	188	13	-	-	ADJ
fbem-18291	188	14	interest	interest	ADJ
fbem-18291	188	15	income	income	NOUN
fbem-18291	188	16	ratio	ratio	NOUN
fbem-18291	188	17	(	(	PUNCT
fbem-18291	188	18	nir	nir	NOUN
fbem-18291	188	19	)	)	PUNCT
fbem-18291	188	20	in	in	ADP
fbem-18291	188	21	addition	addition	NOUN
fbem-18291	188	22	to	to	ADP
fbem-18291	188	23	affecting	affect	VERB
fbem-18291	188	24	the	the	DET
fbem-18291	188	25	business	business	NOUN
fbem-18291	188	26	model	model	NOUN
fbem-18291	188	27	,	,	PUNCT
fbem-18291	188	28	interest	interest	NOUN
fbem-18291	188	29	income	income	NOUN
fbem-18291	188	30	,	,	PUNCT
fbem-18291	188	31	and	and	CCONJ
fbem-18291	188	32	asset	asset	NOUN
fbem-18291	188	33	quality	quality	NOUN
fbem-18291	188	34	of	of	ADP
fbem-18291	188	35	commercial	commercial	ADJ
fbem-18291	188	36	banks	bank	NOUN
fbem-18291	188	37	,	,	PUNCT
fbem-18291	188	38	fintech	fintech	NOUN
fbem-18291	188	39	will	will	AUX
fbem-18291	188	40	impact	impact	VERB
fbem-18291	188	41	their	their	PRON
fbem-18291	188	42	liquidity	liquidity	NOUN
fbem-18291	188	43	.	.	PUNCT
fbem-18291	189	1	in	in	ADP
fbem-18291	189	2	order	order	NOUN
fbem-18291	189	3	to	to	PART
fbem-18291	189	4	further	far	ADV
fbem-18291	189	5	study	study	VERB
fbem-18291	189	6	the	the	DET
fbem-18291	189	7	transmission	transmission	NOUN
fbem-18291	189	8	channel	channel	NOUN
fbem-18291	189	9	of	of	ADP
fbem-18291	189	10	the	the	DET
fbem-18291	189	11	impact	impact	NOUN
fbem-18291	189	12	of	of	ADP
fbem-18291	189	13	fintech	fintech	NOUN
fbem-18291	189	14	on	on	ADP
fbem-18291	189	15	liquidity	liquidity	NOUN
fbem-18291	189	16	in	in	ADP
fbem-18291	189	17	commercial	commercial	ADJ
fbem-18291	189	18	banks	bank	NOUN
fbem-18291	189	19	,	,	PUNCT
fbem-18291	189	20	this	this	DET
fbem-18291	189	21	paper	paper	NOUN
fbem-18291	189	22	adopts	adopt	VERB
fbem-18291	189	23	the	the	DET
fbem-18291	189	24	intermediation	intermediation	NOUN
fbem-18291	189	25	effect	effect	NOUN
fbem-18291	189	26	model	model	NOUN
fbem-18291	189	27	to	to	PART
fbem-18291	189	28	conduct	conduct	VERB
fbem-18291	189	29	an	an	DET
fbem-18291	189	30	empirical	empirical	ADJ
fbem-18291	189	31	test	test	NOUN
fbem-18291	189	32	,	,	PUNCT
fbem-18291	189	33	and	and	CCONJ
fbem-18291	189	34	introduces	introduce	VERB
fbem-18291	189	35	net	net	ADJ
fbem-18291	189	36	interest	interest	NOUN
fbem-18291	189	37	margin	margin	NOUN
fbem-18291	189	38	(	(	PUNCT
fbem-18291	189	39	nim	nim	NOUN
fbem-18291	189	40	)	)	PUNCT
fbem-18291	189	41	and	and	CCONJ
fbem-18291	189	42	the	the	DET
fbem-18291	189	43	proportion	proportion	NOUN
fbem-18291	189	44	of	of	ADP
fbem-18291	189	45	non	non	ADJ
fbem-18291	189	46	-	-	ADJ
fbem-18291	189	47	interest	interest	ADJ
fbem-18291	189	48	income	income	NOUN
fbem-18291	189	49	ratio	ratio	NOUN
fbem-18291	189	50	(	(	PUNCT
fbem-18291	189	51	nir	nir	NOUN
fbem-18291	189	52	)	)	PUNCT
fbem-18291	189	53	as	as	SCONJ
fbem-18291	189	54	the	the	DET
fbem-18291	189	55	intermediary	intermediary	ADJ
fbem-18291	189	56	variables[40	variables[40	PROPN
fbem-18291	189	57	]	]	X
fbem-18291	189	58	bank	bank	PROPN
fbem-18291	189	59	nim	nim	PROPN
fbem-18291	189	60	refers	refer	VERB
fbem-18291	189	61	to	to	ADP
fbem-18291	189	62	the	the	DET
fbem-18291	189	63	ratio	ratio	NOUN
fbem-18291	189	64	of	of	ADP
fbem-18291	189	65	a	a	DET
fbem-18291	189	66	bank	bank	NOUN
fbem-18291	189	67	’s	’s	PART
fbem-18291	189	68	net	net	ADJ
fbem-18291	189	69	interest	interest	NOUN
fbem-18291	189	70	income	income	NOUN
fbem-18291	189	71	to	to	ADP
fbem-18291	189	72	the	the	DET
fbem-18291	189	73	bank	bank	NOUN
fbem-18291	189	74	’s	’s	PART
fbem-18291	189	75	total	total	ADJ
fbem-18291	189	76	interest	interest	NOUN
fbem-18291	189	77	-	-	PUNCT
fbem-18291	189	78	earning	earn	VERB
fbem-18291	189	79	assets	asset	NOUN
fbem-18291	189	80	and	and	CCONJ
fbem-18291	189	81	it	it	PRON
fbem-18291	189	82	is	be	AUX
fbem-18291	189	83	used	use	VERB
fbem-18291	189	84	to	to	PART
fbem-18291	189	85	measure	measure	VERB
fbem-18291	189	86	the	the	DET
fbem-18291	189	87	profitability	profitability	NOUN
fbem-18291	189	88	of	of	ADP
fbem-18291	189	89	a	a	DET
fbem-18291	189	90	bank	bank	NOUN
fbem-18291	189	91	’s	’s	PART
fbem-18291	189	92	core	core	NOUN
fbem-18291	189	93	business	business	NOUN
fbem-18291	189	94	.	.	PUNCT
fbem-18291	190	1	the	the	DET
fbem-18291	190	2	level	level	NOUN
fbem-18291	190	3	of	of	ADP
fbem-18291	190	4	nim	nim	PROPN
fbem-18291	190	5	implies	imply	VERB
fbem-18291	190	6	the	the	DET
fbem-18291	190	7	level	level	NOUN
fbem-18291	190	8	of	of	ADP
fbem-18291	190	9	interest	interest	NOUN
fbem-18291	190	10	earned	earn	VERB
fbem-18291	190	11	by	by	ADP
fbem-18291	190	12	the	the	DET
fbem-18291	190	13	bank	bank	NOUN
fbem-18291	190	14	in	in	ADP
fbem-18291	190	15	its	its	PRON
fbem-18291	190	16	business	business	NOUN
fbem-18291	190	17	such	such	ADJ
fbem-18291	190	18	as	as	ADP
fbem-18291	190	19	lending	lending	NOUN
fbem-18291	190	20	and	and	CCONJ
fbem-18291	190	21	investment	investment	NOUN
fbem-18291	190	22	(	(	PUNCT
fbem-18291	190	23	cfi	cfi	NOUN
fbem-18291	190	24	team	team	NOUN
fbem-18291	190	25	,	,	PUNCT
fbem-18291	190	26	2020	2020	NUM
fbem-18291	190	27	)	)	PUNCT
fbem-18291	190	28	.	.	PUNCT
fbem-18291	191	1	if	if	SCONJ
fbem-18291	191	2	the	the	DET
fbem-18291	191	3	nim	nim	PROPN
fbem-18291	191	4	is	be	AUX
fbem-18291	191	5	excessively	excessively	ADV
fbem-18291	191	6	low	low	ADJ
fbem-18291	191	7	,	,	PUNCT
fbem-18291	191	8	it	it	PRON
fbem-18291	191	9	may	may	AUX
fbem-18291	191	10	adversely	adversely	ADV
fbem-18291	191	11	affect	affect	VERB
fbem-18291	191	12	the	the	DET
fbem-18291	191	13	profitability	profitability	NOUN
fbem-18291	191	14	.	.	PUNCT
fbem-18291	192	1	the	the	DET
fbem-18291	192	2	formula	formula	NOUN
fbem-18291	192	3	is	be	AUX
fbem-18291	192	4	as	as	SCONJ
fbem-18291	192	5	follows	follow	VERB
fbem-18291	192	6	:	:	PUNCT
fbem-18291	192	7	net	net	ADJ
fbem-18291	192	8	interest	interest	NOUN
fbem-18291	192	9	spread	spread	VERB
fbem-18291	192	10	=	=	PUNCT
fbem-18291	192	11	(	(	PUNCT
fbem-18291	192	12	interest	interest	NOUN
fbem-18291	192	13	income	income	NOUN
fbem-18291	192	14	interest	interest	NOUN
fbem-18291	192	15	expense	expense	NOUN
fbem-18291	192	16	)	)	PUNCT
fbem-18291	192	17	/	/	SYM
fbem-18291	192	18	average	average	ADJ
fbem-18291	192	19	assets	asset	NOUN
fbem-18291	192	20	nir	nir	NOUN
fbem-18291	192	21	is	be	AUX
fbem-18291	192	22	the	the	DET
fbem-18291	192	23	percentage	percentage	NOUN
fbem-18291	192	24	of	of	ADP
fbem-18291	192	25	non	non	ADJ
fbem-18291	192	26	-	-	ADJ
fbem-18291	192	27	interest	interest	ADJ
fbem-18291	192	28	income	income	NOUN
fbem-18291	192	29	of	of	ADP
fbem-18291	192	30	a	a	DET
fbem-18291	192	31	bank	bank	NOUN
fbem-18291	192	32	or	or	CCONJ
fbem-18291	192	33	financial	financial	ADJ
fbem-18291	192	34	institution	institution	NOUN
fbem-18291	192	35	in	in	ADP
fbem-18291	192	36	the	the	DET
fbem-18291	192	37	total	total	ADJ
fbem-18291	192	38	income	income	NOUN
fbem-18291	192	39	(	(	PUNCT
fbem-18291	192	40	srivastav	srivastav	ADJ
fbem-18291	192	41	,	,	PUNCT
fbem-18291	192	42	2020	2020	NUM
fbem-18291	192	43	)	)	PUNCT
fbem-18291	192	44	.	.	PUNCT
fbem-18291	193	1	in	in	ADP
fbem-18291	193	2	addition	addition	NOUN
fbem-18291	193	3	to	to	ADP
fbem-18291	193	4	interest	interest	NOUN
fbem-18291	193	5	income	income	NOUN
fbem-18291	193	6	(	(	PUNCT
fbem-18291	193	7	for	for	ADP
fbem-18291	193	8	example	example	NOUN
fbem-18291	193	9	,	,	PUNCT
fbem-18291	193	10	interest	interest	NOUN
fbem-18291	193	11	on	on	ADP
fbem-18291	193	12	loans	loan	NOUN
fbem-18291	193	13	and	and	CCONJ
fbem-18291	193	14	savings	saving	NOUN
fbem-18291	193	15	)	)	PUNCT
fbem-18291	193	16	,	,	PUNCT
fbem-18291	193	17	banks	bank	NOUN
fbem-18291	193	18	earn	earn	VERB
fbem-18291	193	19	income	income	NOUN
fbem-18291	193	20	by	by	ADP
fbem-18291	193	21	providing	provide	VERB
fbem-18291	193	22	other	other	ADJ
fbem-18291	193	23	financial	financial	ADJ
fbem-18291	193	24	services	service	NOUN
fbem-18291	193	25	,	,	PUNCT
fbem-18291	193	26	which	which	PRON
fbem-18291	193	27	are	be	AUX
fbem-18291	193	28	referred	refer	VERB
fbem-18291	193	29	to	to	ADP
fbem-18291	193	30	as	as	ADP
fbem-18291	193	31	non	non	ADJ
fbem-18291	193	32	-	-	ADJ
fbem-18291	193	33	interest	interest	ADJ
fbem-18291	193	34	income	income	NOUN
fbem-18291	193	35	.	.	PUNCT
fbem-18291	194	1	fintech	fintech	NOUN
fbem-18291	194	2	platforms	platform	NOUN
fbem-18291	194	3	have	have	AUX
fbem-18291	194	4	impacted	impact	VERB
fbem-18291	194	5	the	the	DET
fbem-18291	194	6	credit	credit	NOUN
fbem-18291	194	7	business	business	NOUN
fbem-18291	194	8	of	of	ADP
fbem-18291	194	9	commercial	commercial	ADJ
fbem-18291	194	10	banks	bank	NOUN
fbem-18291	194	11	,	,	PUNCT
fbem-18291	194	12	which	which	PRON
fbem-18291	194	13	have	have	AUX
fbem-18291	194	14	developed	develop	VERB
fbem-18291	194	15	and	and	CCONJ
fbem-18291	194	16	innovated	innovate	VERB
fbem-18291	194	17	diversified	diversified	ADJ
fbem-18291	194	18	and	and	CCONJ
fbem-18291	194	19	non	non	ADJ
fbem-18291	194	20	-	-	ADJ
fbem-18291	194	21	traditional	traditional	ADJ
fbem-18291	194	22	businesses	business	NOUN
fbem-18291	194	23	by	by	ADP
fbem-18291	194	24	restructuring	restructure	VERB
fbem-18291	194	25	their	their	PRON
fbem-18291	194	26	business	business	NOUN
fbem-18291	194	27	.	.	PUNCT
fbem-18291	195	1	not	not	PART
fbem-18291	195	2	relying	rely	VERB
fbem-18291	195	3	excessively	excessively	ADV
fbem-18291	195	4	on	on	ADP
fbem-18291	195	5	traditional	traditional	ADJ
fbem-18291	195	6	lending	lending	NOUN
fbem-18291	195	7	and	and	CCONJ
fbem-18291	195	8	savings	saving	NOUN
fbem-18291	195	9	business	business	NOUN
fbem-18291	195	10	means	mean	VERB
fbem-18291	195	11	that	that	SCONJ
fbem-18291	195	12	commercial	commercial	ADJ
fbem-18291	195	13	banks	bank	NOUN
fbem-18291	195	14	face	face	VERB
fbem-18291	195	15	lower	low	ADJ
fbem-18291	195	16	profitability	profitability	NOUN
fbem-18291	195	17	risk	risk	NOUN
fbem-18291	195	18	,	,	PUNCT
fbem-18291	195	19	and	and	CCONJ
fbem-18291	195	20	lower	low	ADJ
fbem-18291	195	21	deposit	deposit	NOUN
fbem-18291	195	22	liabilities	liability	NOUN
fbem-18291	195	23	also	also	ADV
fbem-18291	195	24	reduce	reduce	VERB
fbem-18291	195	25	the	the	DET
fbem-18291	195	26	generation	generation	NOUN
fbem-18291	195	27	of	of	ADP
fbem-18291	195	28	liquidity	liquidity	NOUN
fbem-18291	195	29	risk	risk	NOUN
fbem-18291	195	30	to	to	ADP
fbem-18291	195	31	some	some	DET
fbem-18291	195	32	extent	extent	NOUN
fbem-18291	195	33	.	.	PUNCT
fbem-18291	196	1	therefore	therefore	ADV
fbem-18291	196	2	,	,	PUNCT
fbem-18291	196	3	this	this	DET
fbem-18291	196	4	paper	paper	NOUN
fbem-18291	196	5	will	will	AUX
fbem-18291	196	6	choose	choose	VERB
fbem-18291	196	7	the	the	DET
fbem-18291	196	8	nir	nir	NOUN
fbem-18291	196	9	,	,	PUNCT
fbem-18291	196	10	which	which	PRON
fbem-18291	196	11	can	can	AUX
fbem-18291	196	12	reflect	reflect	VERB
fbem-18291	196	13	the	the	DET
fbem-18291	196	14	changes	change	NOUN
fbem-18291	196	15	in	in	ADP
fbem-18291	196	16	the	the	DET
fbem-18291	196	17	business	business	NOUN
fbem-18291	196	18	structure	structure	NOUN
fbem-18291	196	19	of	of	ADP
fbem-18291	196	20	commercial	commercial	ADJ
fbem-18291	196	21	banks	bank	NOUN
fbem-18291	196	22	,	,	PUNCT
fbem-18291	196	23	for	for	ADP
fbem-18291	196	24	empirical	empirical	ADJ
fbem-18291	196	25	research[41	research[41	PROPN
fbem-18291	196	26	]	]	X
fbem-18291	196	27	.	.	PUNCT
fbem-18291	197	1	3.2.4	3.2.4	NUM
fbem-18291	197	2	.	.	PUNCT
fbem-18291	198	1	control	control	NOUN
fbem-18291	198	2	variables	variable	NOUN
fbem-18291	198	3	both	both	CCONJ
fbem-18291	198	4	macro	macro	ADJ
fbem-18291	198	5	and	and	CCONJ
fbem-18291	198	6	micro	micro	ADJ
fbem-18291	198	7	levels	level	NOUN
fbem-18291	198	8	affect	affect	VERB
fbem-18291	198	9	the	the	DET
fbem-18291	198	10	liquidity	liquidity	NOUN
fbem-18291	198	11	of	of	ADP
fbem-18291	198	12	commercial	commercial	ADJ
fbem-18291	198	13	banks	bank	NOUN
fbem-18291	198	14	,	,	PUNCT
fbem-18291	198	15	therefore	therefore	ADV
fbem-18291	198	16	,	,	PUNCT
fbem-18291	198	17	drawing	draw	VERB
fbem-18291	198	18	on	on	ADP
fbem-18291	198	19	existing	exist	VERB
fbem-18291	198	20	research	research	NOUN
fbem-18291	198	21	,	,	PUNCT
fbem-18291	198	22	the	the	DET
fbem-18291	198	23	following	follow	VERB
fbem-18291	198	24	indicators	indicator	NOUN
fbem-18291	198	25	were	be	AUX
fbem-18291	198	26	selected	select	VERB
fbem-18291	198	27	as	as	ADP
fbem-18291	198	28	control	control	NOUN
fbem-18291	198	29	variables	variable	NOUN
fbem-18291	198	30	:	:	PUNCT
fbem-18291	198	31	(	(	PUNCT
fbem-18291	198	32	1	1	X
fbem-18291	198	33	)	)	PUNCT
fbem-18291	198	34	logarithm	logarithm	NOUN
fbem-18291	198	35	of	of	ADP
fbem-18291	198	36	bank	bank	NOUN
fbem-18291	198	37	asset	asset	NOUN
fbem-18291	198	38	size	size	NOUN
fbem-18291	198	39	(	(	PUNCT
fbem-18291	198	40	lnsize	lnsize	NOUN
fbem-18291	198	41	)	)	PUNCT
fbem-18291	198	42	the	the	PRON
fbem-18291	198	43	larger	large	ADJ
fbem-18291	198	44	the	the	DET
fbem-18291	198	45	assets	asset	NOUN
fbem-18291	198	46	of	of	ADP
fbem-18291	198	47	a	a	DET
fbem-18291	198	48	commercial	commercial	ADJ
fbem-18291	198	49	bank	bank	NOUN
fbem-18291	198	50	,	,	PUNCT
fbem-18291	198	51	the	the	PRON
fbem-18291	198	52	stronger	strong	ADJ
fbem-18291	198	53	the	the	DET
fbem-18291	198	54	siphoning	siphon	VERB
fbem-18291	198	55	effect	effect	NOUN
fbem-18291	198	56	it	it	PRON
fbem-18291	198	57	brings	bring	VERB
fbem-18291	198	58	(	(	PUNCT
fbem-18291	198	59	becker	becker	NOUN
fbem-18291	198	60	,	,	PUNCT
fbem-18291	198	61	1999	1999	NUM
fbem-18291	198	62	)	)	PUNCT
fbem-18291	198	63	.	.	PUNCT
fbem-18291	199	1	the	the	DET
fbem-18291	199	2	rise	rise	NOUN
fbem-18291	199	3	in	in	ADP
fbem-18291	199	4	total	total	ADJ
fbem-18291	199	5	deposits	deposit	NOUN
fbem-18291	199	6	is	be	AUX
fbem-18291	199	7	accompanied	accompany	VERB
fbem-18291	199	8	by	by	ADP
fbem-18291	199	9	an	an	DET
fbem-18291	199	10	increase	increase	NOUN
fbem-18291	199	11	in	in	ADP
fbem-18291	199	12	the	the	DET
fbem-18291	199	13	liquidity	liquidity	NOUN
fbem-18291	199	14	of	of	ADP
fbem-18291	199	15	commercial	commercial	ADJ
fbem-18291	199	16	banks	bank	NOUN
fbem-18291	199	17	.	.	PUNCT
fbem-18291	200	1	the	the	DET
fbem-18291	200	2	asset	asset	NOUN
fbem-18291	200	3	size	size	NOUN
fbem-18291	200	4	of	of	ADP
fbem-18291	200	5	commercial	commercial	ADJ
fbem-18291	200	6	banks	bank	NOUN
fbem-18291	200	7	can	can	AUX
fbem-18291	200	8	better	well	ADV
fbem-18291	200	9	represent	represent	VERB
fbem-18291	200	10	the	the	DET
fbem-18291	200	11	overall	overall	ADJ
fbem-18291	200	12	comprehensive	comprehensive	ADJ
fbem-18291	200	13	strength	strength	NOUN
fbem-18291	200	14	of	of	ADP
fbem-18291	200	15	the	the	DET
fbem-18291	200	16	bank	bank	NOUN
fbem-18291	200	17	,	,	PUNCT
fbem-18291	200	18	and	and	CCONJ
fbem-18291	200	19	thus	thus	ADV
fbem-18291	200	20	can	can	AUX
fbem-18291	200	21	be	be	AUX
fbem-18291	200	22	used	use	VERB
fbem-18291	200	23	as	as	ADP
fbem-18291	200	24	one	one	NUM
fbem-18291	200	25	of	of	ADP
fbem-18291	200	26	the	the	DET
fbem-18291	200	27	variables	variable	NOUN
fbem-18291	200	28	to	to	PART
fbem-18291	200	29	study	study	VERB
fbem-18291	200	30	its	its	PRON
fbem-18291	200	31	impact	impact	NOUN
fbem-18291	200	32	on	on	ADP
fbem-18291	200	33	the	the	DET
fbem-18291	200	34	liquidity	liquidity	NOUN
fbem-18291	200	35	risk	risk	NOUN
fbem-18291	200	36	of	of	ADP
fbem-18291	200	37	commercial	commercial	ADJ
fbem-18291	200	38	banks	bank	NOUN
fbem-18291	200	39	.	.	PUNCT
fbem-18291	201	1	(	(	PUNCT
fbem-18291	201	2	2	2	X
fbem-18291	201	3	)	)	PUNCT
fbem-18291	201	4	capital	capital	NOUN
fbem-18291	201	5	adequacy	adequacy	NOUN
fbem-18291	201	6	ratio	ratio	NOUN
fbem-18291	201	7	capital	capital	NOUN
fbem-18291	201	8	adequacy	adequacy	NOUN
fbem-18291	201	9	ratio	ratio	NOUN
fbem-18291	201	10	(	(	PUNCT
fbem-18291	201	11	car	car	NOUN
fbem-18291	201	12	)	)	PUNCT
fbem-18291	201	13	reflects	reflect	VERB
fbem-18291	201	14	a	a	DET
fbem-18291	201	15	bank	bank	NOUN
fbem-18291	201	16	’s	’s	PART
fbem-18291	201	17	ability	ability	NOUN
fbem-18291	201	18	to	to	PART
fbem-18291	201	19	use	use	VERB
fbem-18291	201	20	its	its	PRON
fbem-18291	201	21	own	own	ADJ
fbem-18291	201	22	funds	fund	NOUN
fbem-18291	201	23	to	to	PART
fbem-18291	201	24	defend	defend	VERB
fbem-18291	201	25	against	against	ADP
fbem-18291	201	26	risks	risk	NOUN
fbem-18291	201	27	,	,	PUNCT
fbem-18291	201	28	and	and	CCONJ
fbem-18291	201	29	is	be	AUX
fbem-18291	201	30	used	use	VERB
fbem-18291	201	31	to	to	PART
fbem-18291	201	32	measure	measure	VERB
fbem-18291	201	33	its	its	PRON
fbem-18291	201	34	capital	capital	NOUN
fbem-18291	201	35	adequacy	adequacy	NOUN
fbem-18291	201	36	and	and	CCONJ
fbem-18291	201	37	soundness	soundness	NOUN
fbem-18291	201	38	.	.	PUNCT
fbem-18291	202	1	it	it	PRON
fbem-18291	202	2	represents	represent	VERB
fbem-18291	202	3	the	the	DET
fbem-18291	202	4	ability	ability	NOUN
fbem-18291	202	5	of	of	ADP
fbem-18291	202	6	a	a	DET
fbem-18291	202	7	commercial	commercial	ADJ
fbem-18291	202	8	bank	bank	NOUN
fbem-18291	202	9	to	to	PART
fbem-18291	202	10	cover	cover	VERB
fbem-18291	202	11	losses	loss	NOUN
fbem-18291	202	12	in	in	ADP
fbem-18291	202	13	the	the	DET
fbem-18291	202	14	face	face	NOUN
fbem-18291	202	15	of	of	ADP
fbem-18291	202	16	risk	risk	NOUN
fbem-18291	202	17	.	.	PUNCT
fbem-18291	203	1	higher	high	ADJ
fbem-18291	203	2	cars	car	NOUN
fbem-18291	203	3	indicate	indicate	VERB
fbem-18291	203	4	that	that	SCONJ
fbem-18291	203	5	commercial	commercial	ADJ
fbem-18291	203	6	banks	bank	NOUN
fbem-18291	203	7	have	have	VERB
fbem-18291	203	8	less	less	ADJ
fbem-18291	203	9	pressure	pressure	NOUN
fbem-18291	203	10	to	to	PART
fbem-18291	203	11	repay	repay	VERB
fbem-18291	203	12	their	their	PRON
fbem-18291	203	13	debts	debt	NOUN
fbem-18291	203	14	and	and	CCONJ
fbem-18291	203	15	more	more	ADJ
fbem-18291	203	16	liquidity	liquidity	NOUN
fbem-18291	203	17	when	when	SCONJ
fbem-18291	203	18	risks	risk	NOUN
fbem-18291	203	19	come	come	VERB
fbem-18291	203	20	.	.	PUNCT
fbem-18291	204	1	it	it	PRON
fbem-18291	204	2	can	can	AUX
fbem-18291	204	3	be	be	AUX
fbem-18291	204	4	assumed	assume	VERB
fbem-18291	204	5	that	that	SCONJ
fbem-18291	204	6	car	car	NOUN
fbem-18291	204	7	is	be	AUX
fbem-18291	204	8	positively	positively	ADV
fbem-18291	204	9	related	relate	VERB
fbem-18291	204	10	to	to	ADP
fbem-18291	204	11	liquidity[42	liquidity[42	PROPN
fbem-18291	204	12	]	]	PUNCT
fbem-18291	204	13	.	.	PUNCT
fbem-18291	205	1	(	(	PUNCT
fbem-18291	205	2	3	3	X
fbem-18291	205	3	)	)	PUNCT
fbem-18291	205	4	non	non	ADJ
fbem-18291	205	5	-	-	ADJ
fbem-18291	205	6	performing	perform	VERB
fbem-18291	205	7	loan	loan	NOUN
fbem-18291	205	8	ratio	ratio	NOUN
fbem-18291	205	9	a	a	DET
fbem-18291	205	10	portion	portion	NOUN
fbem-18291	205	11	of	of	ADP
fbem-18291	205	12	the	the	DET
fbem-18291	205	13	loans	loan	NOUN
fbem-18291	205	14	granted	grant	VERB
fbem-18291	205	15	by	by	ADP
fbem-18291	205	16	commercial	commercial	ADJ
fbem-18291	205	17	banks	bank	NOUN
fbem-18291	205	18	will	will	AUX
fbem-18291	205	19	not	not	PART
fbem-18291	205	20	be	be	AUX
fbem-18291	205	21	recovered	recover	VERB
fbem-18291	205	22	for	for	ADP
fbem-18291	205	23	some	some	DET
fbem-18291	205	24	specific	specific	ADJ
fbem-18291	205	25	reasons	reason	NOUN
fbem-18291	205	26	.	.	PUNCT
fbem-18291	206	1	the	the	DET
fbem-18291	206	2	nonperforming	nonperforme	VERB
fbem-18291	206	3	loan	loan	NOUN
fbem-18291	206	4	ratio	ratio	NOUN
fbem-18291	206	5	(	(	PUNCT
fbem-18291	206	6	npl	npl	NOUN
fbem-18291	206	7	)	)	PUNCT
fbem-18291	206	8	measures	measure	VERB
fbem-18291	206	9	the	the	DET
fbem-18291	206	10	amount	amount	NOUN
fbem-18291	206	11	of	of	ADP
fbem-18291	206	12	nonperforming	nonperforme	VERB
fbem-18291	206	13	loans	loan	NOUN
fbem-18291	206	14	to	to	ADP
fbem-18291	206	15	the	the	DET
fbem-18291	206	16	total	total	ADJ
fbem-18291	206	17	loans	loan	NOUN
fbem-18291	206	18	.	.	PUNCT
fbem-18291	207	1	a	a	DET
fbem-18291	207	2	higher	high	ADJ
fbem-18291	207	3	indicator	indicator	NOUN
fbem-18291	207	4	means	mean	VERB
fbem-18291	207	5	that	that	SCONJ
fbem-18291	207	6	more	more	ADJ
fbem-18291	207	7	loans	loan	NOUN
fbem-18291	207	8	will	will	AUX
fbem-18291	207	9	not	not	PART
fbem-18291	207	10	be	be	AUX
fbem-18291	207	11	recovered	recover	VERB
fbem-18291	207	12	on	on	ADP
fbem-18291	207	13	time	time	NOUN
fbem-18291	207	14	,	,	PUNCT
fbem-18291	207	15	which	which	PRON
fbem-18291	207	16	can	can	AUX
fbem-18291	207	17	lead	lead	VERB
fbem-18291	207	18	to	to	ADP
fbem-18291	207	19	greater	great	ADJ
fbem-18291	207	20	risk	risk	NOUN
fbem-18291	207	21	for	for	ADP
fbem-18291	207	22	commercial	commercial	ADJ
fbem-18291	207	23	banks	bank	NOUN
fbem-18291	207	24	.	.	PUNCT
fbem-18291	208	1	(	(	PUNCT
fbem-18291	208	2	4	4	X
fbem-18291	208	3	)	)	PUNCT
fbem-18291	208	4	cost	cost	NOUN
fbem-18291	208	5	to	to	PART
fbem-18291	208	6	income	income	NOUN
fbem-18291	208	7	ratio	ratio	NOUN
fbem-18291	208	8	cost	cost	NOUN
fbem-18291	208	9	to	to	PART
fbem-18291	208	10	income	income	NOUN
fbem-18291	208	11	ratio	ratio	NOUN
fbem-18291	208	12	(	(	PUNCT
fbem-18291	208	13	cir	cir	NOUN
fbem-18291	208	14	)	)	PUNCT
fbem-18291	208	15	is	be	AUX
fbem-18291	208	16	an	an	DET
fbem-18291	208	17	important	important	ADJ
fbem-18291	208	18	indicator	indicator	NOUN
fbem-18291	208	19	to	to	PART
fbem-18291	208	20	measure	measure	VERB
fbem-18291	208	21	the	the	DET
fbem-18291	208	22	operational	operational	ADJ
fbem-18291	208	23	efficiency	efficiency	NOUN
fbem-18291	208	24	of	of	ADP
fbem-18291	208	25	a	a	DET
fbem-18291	208	26	business	business	NOUN
fbem-18291	208	27	or	or	CCONJ
fbem-18291	208	28	financial	financial	ADJ
fbem-18291	208	29	institution	institution	NOUN
fbem-18291	208	30	.	.	PUNCT
fbem-18291	209	1	it	it	PRON
fbem-18291	209	2	is	be	AUX
fbem-18291	209	3	used	use	VERB
fbem-18291	209	4	to	to	PART
fbem-18291	209	5	measure	measure	VERB
fbem-18291	209	6	the	the	DET
fbem-18291	209	7	ratio	ratio	NOUN
fbem-18291	209	8	between	between	ADP
fbem-18291	209	9	the	the	DET
fbem-18291	209	10	operating	operating	NOUN
fbem-18291	209	11	costs	cost	NOUN
fbem-18291	209	12	of	of	ADP
fbem-18291	209	13	a	a	DET
fbem-18291	209	14	business	business	NOUN
fbem-18291	209	15	and	and	CCONJ
fbem-18291	209	16	its	its	PRON
fbem-18291	209	17	revenue	revenue	NOUN
fbem-18291	209	18	,	,	PUNCT
fbem-18291	209	19	namely	namely	ADV
fbem-18291	209	20	,	,	PUNCT
fbem-18291	209	21	the	the	DET
fbem-18291	209	22	proportion	proportion	NOUN
fbem-18291	209	23	of	of	ADP
fbem-18291	209	24	costs	cost	NOUN
fbem-18291	209	25	that	that	PRON
fbem-18291	209	26	a	a	DET
fbem-18291	209	27	business	business	NOUN
fbem-18291	209	28	must	must	AUX
fbem-18291	209	29	·	·	VERB
fbem-18291	209	30	pay	pay	VERB
fbem-18291	209	31	for	for	ADP
fbem-18291	209	32	each	each	DET
fbem-18291	209	33	unit	unit	NOUN
fbem-18291	209	34	of	of	ADP
fbem-18291	209	35	revenue	revenue	NOUN
fbem-18291	209	36	earned	earn	VERB
fbem-18291	209	37	.	.	PUNCT
fbem-18291	210	1	a	a	DET
fbem-18291	210	2	lower	low	ADJ
fbem-18291	210	3	cost	cost	NOUN
fbem-18291	210	4	-	-	PUNCT
fbem-18291	210	5	to	to	ADP
fbem-18291	210	6	-	-	PUNCT
fbem-18291	210	7	income	income	NOUN
fbem-18291	210	8	ratio	ratio	NOUN
fbem-18291	210	9	indicates	indicate	VERB
fbem-18291	210	10	that	that	SCONJ
fbem-18291	210	11	289	289	NUM
fbem-18291	210	12	the	the	PRON
fbem-18291	210	13	lower	low	ADJ
fbem-18291	210	14	the	the	DET
fbem-18291	210	15	operating	operating	NOUN
fbem-18291	210	16	expenses	expense	NOUN
fbem-18291	210	17	for	for	ADP
fbem-18291	210	18	the	the	DET
fbem-18291	210	19	same	same	ADJ
fbem-18291	210	20	amount	amount	NOUN
fbem-18291	210	21	of	of	ADP
fbem-18291	210	22	revenue	revenue	NOUN
fbem-18291	210	23	,	,	PUNCT
fbem-18291	210	24	the	the	PRON
fbem-18291	210	25	better	well	ADJ
fbem-18291	210	26	the	the	DET
fbem-18291	210	27	commercial	commercial	ADJ
fbem-18291	210	28	bank	bank	NOUN
fbem-18291	210	29	’s	’s	PART
fbem-18291	210	30	operational	operational	ADJ
fbem-18291	210	31	management	management	NOUN
fbem-18291	210	32	.	.	PUNCT
fbem-18291	211	1	for	for	ADP
fbem-18291	211	2	commercial	commercial	ADJ
fbem-18291	211	3	banks	bank	NOUN
fbem-18291	211	4	,	,	PUNCT
fbem-18291	211	5	low	low	ADJ
fbem-18291	211	6	cost	cost	NOUN
fbem-18291	211	7	means	mean	VERB
fbem-18291	211	8	richer	rich	ADJ
fbem-18291	211	9	funds	fund	NOUN
fbem-18291	211	10	at	at	ADP
fbem-18291	211	11	their	their	PRON
fbem-18291	211	12	disposal	disposal	NOUN
fbem-18291	211	13	at	at	ADP
fbem-18291	211	14	a	a	DET
fbem-18291	211	15	certain	certain	ADJ
fbem-18291	211	16	level	level	NOUN
fbem-18291	211	17	of	of	ADP
fbem-18291	211	18	profitability	profitability	NOUN
fbem-18291	211	19	,	,	PUNCT
fbem-18291	211	20	and	and	CCONJ
fbem-18291	211	21	more	more	ADJ
fbem-18291	211	22	flexibility	flexibility	NOUN
fbem-18291	211	23	in	in	ADP
fbem-18291	211	24	the	the	DET
fbem-18291	211	25	face	face	NOUN
fbem-18291	211	26	of	of	ADP
fbem-18291	211	27	capital	capital	NOUN
fbem-18291	211	28	demand[43	demand[43	PROPN
fbem-18291	211	29	]	]	X
fbem-18291	211	30	(	(	PUNCT
fbem-18291	211	31	5	5	X
fbem-18291	211	32	)	)	PUNCT
fbem-18291	211	33	m2	m2	PROPN
fbem-18291	211	34	growth	growth	NOUN
fbem-18291	211	35	rate	rate	NOUN
fbem-18291	211	36	as	as	ADP
fbem-18291	211	37	the	the	DET
fbem-18291	211	38	most	most	ADV
fbem-18291	211	39	basic	basic	ADJ
fbem-18291	211	40	part	part	NOUN
fbem-18291	211	41	of	of	ADP
fbem-18291	211	42	macro	macro	ADJ
fbem-18291	211	43	monetary	monetary	ADJ
fbem-18291	211	44	policy	policy	NOUN
fbem-18291	211	45	,	,	PUNCT
fbem-18291	211	46	money	money	NOUN
fbem-18291	211	47	supply	supply	NOUN
fbem-18291	211	48	directly	directly	ADV
fbem-18291	211	49	affects	affect	VERB
fbem-18291	211	50	the	the	DET
fbem-18291	211	51	liquidity	liquidity	NOUN
fbem-18291	211	52	risk	risk	NOUN
fbem-18291	211	53	of	of	ADP
fbem-18291	211	54	commercial	commercial	ADJ
fbem-18291	211	55	banks	bank	NOUN
fbem-18291	211	56	.	.	PUNCT
fbem-18291	212	1	(	(	PUNCT
fbem-18291	212	2	6	6	X
fbem-18291	212	3	)	)	PUNCT
fbem-18291	212	4	gdp	gdp	NOUN
fbem-18291	212	5	growth	growth	NOUN
fbem-18291	212	6	rate	rate	NOUN
fbem-18291	212	7	gdp	gdp	NOUN
fbem-18291	212	8	growth	growth	NOUN
fbem-18291	212	9	rate	rate	NOUN
fbem-18291	212	10	is	be	AUX
fbem-18291	212	11	the	the	DET
fbem-18291	212	12	growth	growth	NOUN
fbem-18291	212	13	rate	rate	NOUN
fbem-18291	212	14	of	of	ADP
fbem-18291	212	15	gdp	gdp	NOUN
fbem-18291	212	16	,	,	PUNCT
fbem-18291	212	17	which	which	PRON
fbem-18291	212	18	reflects	reflect	VERB
fbem-18291	212	19	the	the	DET
fbem-18291	212	20	overall	overall	ADJ
fbem-18291	212	21	economic	economic	ADJ
fbem-18291	212	22	form	form	NOUN
fbem-18291	212	23	of	of	ADP
fbem-18291	212	24	the	the	DET
fbem-18291	212	25	country	country	NOUN
fbem-18291	212	26	.	.	PUNCT
fbem-18291	213	1	thus	thus	ADV
fbem-18291	213	2	,	,	PUNCT
fbem-18291	213	3	the	the	PRON
fbem-18291	213	4	higher	high	ADJ
fbem-18291	213	5	the	the	DET
fbem-18291	213	6	gdp	gdp	NOUN
fbem-18291	213	7	growth	growth	NOUN
fbem-18291	213	8	rate	rate	NOUN
fbem-18291	213	9	,	,	PUNCT
fbem-18291	213	10	the	the	PRON
fbem-18291	213	11	better	well	ADJ
fbem-18291	213	12	the	the	DET
fbem-18291	213	13	macroeconomic	macroeconomic	ADJ
fbem-18291	213	14	form	form	NOUN
fbem-18291	213	15	,	,	PUNCT
fbem-18291	213	16	the	the	DET
fbem-18291	213	17	rapid	rapid	ADJ
fbem-18291	213	18	development	development	NOUN
fbem-18291	213	19	of	of	ADP
fbem-18291	213	20	the	the	DET
fbem-18291	213	21	economy	economy	NOUN
fbem-18291	213	22	;	;	PUNCT
fbem-18291	213	23	the	the	PRON
fbem-18291	213	24	lower	low	ADJ
fbem-18291	213	25	the	the	DET
fbem-18291	213	26	growth	growth	NOUN
fbem-18291	213	27	rate	rate	NOUN
fbem-18291	213	28	,	,	PUNCT
fbem-18291	213	29	the	the	PRON
fbem-18291	213	30	slower	slow	ADJ
fbem-18291	213	31	the	the	DET
fbem-18291	213	32	economic	economic	ADJ
fbem-18291	213	33	growth	growth	NOUN
fbem-18291	213	34	,	,	PUNCT
fbem-18291	213	35	demonstrating	demonstrate	VERB
fbem-18291	213	36	a	a	DET
fbem-18291	213	37	weak	weak	ADJ
fbem-18291	213	38	state	state	NOUN
fbem-18291	213	39	.	.	PUNCT
fbem-18291	214	1	the	the	DET
fbem-18291	214	2	macroeconomic	macroeconomic	ADJ
fbem-18291	214	3	situation	situation	NOUN
fbem-18291	214	4	also	also	ADV
fbem-18291	214	5	affects	affect	VERB
fbem-18291	214	6	the	the	DET
fbem-18291	214	7	operation	operation	NOUN
fbem-18291	214	8	of	of	ADP
fbem-18291	214	9	commercial	commercial	ADJ
fbem-18291	214	10	banks	bank	NOUN
fbem-18291	214	11	,	,	PUNCT
fbem-18291	214	12	which	which	PRON
fbem-18291	214	13	in	in	ADP
fbem-18291	214	14	turn	turn	NOUN
fbem-18291	214	15	affects	affect	VERB
fbem-18291	214	16	the	the	DET
fbem-18291	214	17	liquidity	liquidity	NOUN
fbem-18291	214	18	of	of	ADP
fbem-18291	214	19	banks	bank	NOUN
fbem-18291	214	20	.	.	PUNCT
fbem-18291	215	1	when	when	SCONJ
fbem-18291	215	2	a	a	DET
fbem-18291	215	3	country	country	NOUN
fbem-18291	215	4	’s	’s	PART
fbem-18291	215	5	macro	macro	NOUN
fbem-18291	215	6	-	-	NOUN
fbem-18291	215	7	economy	economy	NOUN
fbem-18291	215	8	has	have	VERB
fbem-18291	215	9	an	an	DET
fbem-18291	215	10	upward	upward	ADJ
fbem-18291	215	11	trend	trend	NOUN
fbem-18291	215	12	,	,	PUNCT
fbem-18291	215	13	commercial	commercial	ADJ
fbem-18291	215	14	bank	bank	NOUN
fbem-18291	215	15	profits	profit	NOUN
fbem-18291	215	16	tend	tend	VERB
fbem-18291	215	17	to	to	PART
fbem-18291	215	18	rise	rise	VERB
fbem-18291	215	19	,	,	PUNCT
fbem-18291	215	20	and	and	CCONJ
fbem-18291	215	21	vice	vice	ADV
fbem-18291	215	22	versa	versa	ADV
fbem-18291	215	23	.	.	PUNCT
fbem-18291	216	1	in	in	ADP
fbem-18291	216	2	this	this	DET
fbem-18291	216	3	paper	paper	NOUN
fbem-18291	216	4	,	,	PUNCT
fbem-18291	216	5	gdp	gdp	NOUN
fbem-18291	216	6	and	and	CCONJ
fbem-18291	216	7	its	its	PRON
fbem-18291	216	8	logarithm	logarithm	NOUN
fbem-18291	216	9	will	will	AUX
fbem-18291	216	10	be	be	AUX
fbem-18291	216	11	used	use	VERB
fbem-18291	216	12	as	as	ADP
fbem-18291	216	13	the	the	DET
fbem-18291	216	14	control	control	NOUN
fbem-18291	216	15	variable[44	variable[44	NOUN
fbem-18291	216	16	]	]	PUNCT
fbem-18291	216	17	table	table	NOUN
fbem-18291	216	18	3	3	NUM
fbem-18291	216	19	-	-	SYM
fbem-18291	216	20	3	3	NUM
fbem-18291	216	21	.	.	PUNCT
fbem-18291	217	1	variable	variable	ADJ
fbem-18291	217	2	descriptions	description	NOUN
fbem-18291	217	3	variable	variable	ADJ
fbem-18291	217	4	name	name	NOUN
fbem-18291	217	5	symbol	symbol	NOUN
fbem-18291	217	6	definition	definition	NOUN
fbem-18291	217	7	explained	explain	VERB
fbem-18291	217	8	variable	variable	ADJ
fbem-18291	217	9	liquidity	liquidity	NOUN
fbem-18291	217	10	ratio	ratio	NOUN
fbem-18291	217	11	lr	lr	X
fbem-18291	217	12	current	current	ADJ
fbem-18291	217	13	assets	asset	NOUN
fbem-18291	217	14	/	/	SYM
fbem-18291	217	15	current	current	ADJ
fbem-18291	217	16	liabilities	liability	NOUN
fbem-18291	217	17	core	core	NOUN
fbem-18291	217	18	explanatory	explanatory	ADJ
fbem-18291	217	19	variable	variable	ADJ
fbem-18291	217	20	fintech	fintech	NOUN
fbem-18291	217	21	index	index	NOUN
fbem-18291	217	22	fi	fi	NOUN
fbem-18291	217	23	the	the	DET
fbem-18291	217	24	development	development	NOUN
fbem-18291	217	25	of	of	ADP
fbem-18291	217	26	financial	financial	ADJ
fbem-18291	217	27	technology	technology	NOUN
fbem-18291	217	28	mediated	mediate	VERB
fbem-18291	217	29	variable	variable	ADJ
fbem-18291	217	30	net	net	ADJ
fbem-18291	217	31	interest	interest	NOUN
fbem-18291	217	32	margin	margin	NOUN
fbem-18291	217	33	nim	nim	PROPN
fbem-18291	217	34	bank	bank	PROPN
fbem-18291	217	35	net	net	ADJ
fbem-18291	217	36	interest	interest	NOUN
fbem-18291	217	37	income	income	NOUN
fbem-18291	217	38	/	/	SYM
fbem-18291	217	39	bank	bank	PROPN
fbem-18291	217	40	total	total	ADJ
fbem-18291	217	41	interest	interest	NOUN
fbem-18291	217	42	-	-	PUNCT
fbem-18291	217	43	bearing	bear	VERB
fbem-18291	217	44	assets	asset	NOUN
fbem-18291	217	45	non	non	ADJ
fbem-18291	217	46	-	-	ADJ
fbem-18291	217	47	interest	interest	ADJ
fbem-18291	217	48	income	income	NOUN
fbem-18291	217	49	ratio	ratio	NOUN
fbem-18291	217	50	nir	nir	ADJ
fbem-18291	217	51	non	non	ADJ
fbem-18291	217	52	-	-	ADJ
fbem-18291	217	53	interest	interest	ADJ
fbem-18291	217	54	income	income	NOUN
fbem-18291	217	55	/	/	SYM
fbem-18291	217	56	operating	operate	VERB
fbem-18291	217	57	income	income	NOUN
fbem-18291	217	58	control	control	NOUN
fbem-18291	217	59	variable	variable	ADJ
fbem-18291	217	60	log	log	NOUN
fbem-18291	217	61	of	of	ADP
fbem-18291	217	62	total	total	ADJ
fbem-18291	217	63	assets	asset	NOUN
fbem-18291	217	64	lnsize	lnsize	VERB
fbem-18291	217	65	logarithm	logarithm	NOUN
fbem-18291	217	66	of	of	ADP
fbem-18291	217	67	the	the	DET
fbem-18291	217	68	total	total	ADJ
fbem-18291	217	69	assets	asset	NOUN
fbem-18291	217	70	of	of	ADP
fbem-18291	217	71	a	a	DET
fbem-18291	217	72	commercial	commercial	ADJ
fbem-18291	217	73	bank	bank	NOUN
fbem-18291	217	74	capital	capital	NOUN
fbem-18291	217	75	adequacy	adequacy	NOUN
fbem-18291	217	76	ratio	ratio	NOUN
fbem-18291	217	77	car	car	NOUN
fbem-18291	217	78	core	core	NOUN
fbem-18291	217	79	capital	capital	NOUN
fbem-18291	217	80	/	/	SYM
fbem-18291	217	81	risk	risk	NOUN
fbem-18291	217	82	-	-	PUNCT
fbem-18291	217	83	weighted	weight	VERB
fbem-18291	217	84	assets	asset	NOUN
fbem-18291	217	85	non	non	ADJ
fbem-18291	217	86	-	-	ADJ
fbem-18291	217	87	performing	performing	ADJ
fbem-18291	217	88	loans	loan	NOUN
fbem-18291	217	89	ratio	ratio	NOUN
fbem-18291	217	90	npl	npl	PROPN
fbem-18291	217	91	non	non	ADJ
fbem-18291	217	92	-	-	ADJ
fbem-18291	217	93	performing	perform	VERB
fbem-18291	217	94	loan	loan	NOUN
fbem-18291	217	95	balance	balance	NOUN
fbem-18291	217	96	/	/	SYM
fbem-18291	217	97	total	total	NOUN
fbem-18291	217	98	loan	loan	NOUN
fbem-18291	217	99	balance	balance	NOUN
fbem-18291	217	100	cost	cost	NOUN
fbem-18291	217	101	-	-	PUNCT
fbem-18291	217	102	income	income	NOUN
fbem-18291	217	103	ratio	ratio	NOUN
fbem-18291	217	104	cir	cir	NOUN
fbem-18291	217	105	operating	operate	VERB
fbem-18291	217	106	expenses/	expenses/	NUM
fbem-18291	217	107	operating	operating	NOUN
fbem-18291	217	108	revenue	revenue	NOUN
fbem-18291	217	109	growth	growth	NOUN
fbem-18291	217	110	rate	rate	NOUN
fbem-18291	217	111	of	of	ADP
fbem-18291	217	112	m2	m2	PROPN
fbem-18291	217	113	m2	m2	PROPN
fbem-18291	217	114	（	（	PROPN
fbem-18291	217	115	m2	m2	PROPN
fbem-18291	217	116	-	-	PUNCT
fbem-18291	217	117	m2	m2	PROPN
fbem-18291	217	118	）	）	PROPN
fbem-18291	217	119	/	/	SYM
fbem-18291	217	120	m2	m2	PROPN
fbem-18291	217	121	growth	growth	NOUN
fbem-18291	217	122	rate	rate	NOUN
fbem-18291	217	123	of	of	ADP
fbem-18291	217	124	dgp	dgp	PROPN
fbem-18291	217	125	gdp	gdp	NOUN
fbem-18291	217	126	（	（	PROPN
fbem-18291	217	127	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-18291	217	128	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-18291	217	129	）	）	NUM
fbem-18291	217	130	/𝐺𝐷𝑃	/𝐺𝐷𝑃	NOUN
fbem-18291	218	1	the	the	DET
fbem-18291	218	2	indicators	indicator	NOUN
fbem-18291	218	3	of	of	ADP
fbem-18291	218	4	all	all	DET
fbem-18291	218	5	samples	sample	NOUN
fbem-18291	218	6	are	be	AUX
fbem-18291	218	7	shown	show	VERB
fbem-18291	218	8	in	in	ADP
fbem-18291	218	9	appendix	appendix	ADJ
fbem-18291	218	10	1	1	NUM
fbem-18291	218	11	-	-	SYM
fbem-18291	218	12	4	4	NUM
fbem-18291	218	13	.	.	NOUN
fbem-18291	218	14	4	4	NUM
fbem-18291	218	15	.	.	X
fbem-18291	218	16	methodology	methodology	NOUN
fbem-18291	218	17	4.1	4.1	NUM
fbem-18291	218	18	.	.	PUNCT
fbem-18291	219	1	analysis	analysis	NOUN
fbem-18291	219	2	of	of	ADP
fbem-18291	219	3	descriptive	descriptive	ADJ
fbem-18291	219	4	statistical	statistical	ADJ
fbem-18291	219	5	indicators	indicator	NOUN
fbem-18291	219	6	this	this	DET
fbem-18291	219	7	article	article	NOUN
fbem-18291	219	8	constructs	construct	VERB
fbem-18291	219	9	and	and	CCONJ
fbem-18291	219	10	analyses	analyse	VERB
fbem-18291	219	11	the	the	DET
fbem-18291	219	12	panel	panel	NOUN
fbem-18291	219	13	data	datum	NOUN
fbem-18291	219	14	of	of	ADP
fbem-18291	219	15	18	18	NUM
fbem-18291	219	16	commercial	commercial	ADJ
fbem-18291	219	17	banks	bank	NOUN
fbem-18291	219	18	from	from	ADP
fbem-18291	219	19	2013	2013	NUM
fbem-18291	219	20	to	to	ADP
fbem-18291	219	21	2022	2022	NUM
fbem-18291	219	22	as	as	ADP
fbem-18291	219	23	a	a	DET
fbem-18291	219	24	sample	sample	NOUN
fbem-18291	219	25	.	.	PUNCT
fbem-18291	220	1	the	the	DET
fbem-18291	220	2	explanatory	explanatory	ADJ
fbem-18291	220	3	variable	variable	NOUN
fbem-18291	220	4	of	of	ADP
fbem-18291	220	5	the	the	DET
fbem-18291	220	6	article	article	NOUN
fbem-18291	220	7	is	be	AUX
fbem-18291	220	8	liquidity	liquidity	NOUN
fbem-18291	220	9	ratio	ratio	NOUN
fbem-18291	220	10	(	(	PUNCT
fbem-18291	220	11	lr	lr	NOUN
fbem-18291	220	12	)	)	PUNCT
fbem-18291	220	13	,	,	PUNCT
fbem-18291	220	14	and	and	CCONJ
fbem-18291	220	15	the	the	DET
fbem-18291	220	16	core	core	ADJ
fbem-18291	220	17	explanatory	explanatory	ADJ
fbem-18291	220	18	variable	variable	NOUN
fbem-18291	220	19	is	be	AUX
fbem-18291	220	20	fintech	fintech	NOUN
fbem-18291	220	21	index	index	NOUN
fbem-18291	220	22	(	(	PUNCT
fbem-18291	220	23	fi	fi	NOUN
fbem-18291	220	24	)	)	PUNCT
fbem-18291	220	25	;	;	PUNCT
fbem-18291	220	26	the	the	DET
fbem-18291	220	27	two	two	NUM
fbem-18291	220	28	mediating	mediate	VERB
fbem-18291	220	29	variables	variable	NOUN
fbem-18291	220	30	are	be	AUX
fbem-18291	220	31	net	net	ADJ
fbem-18291	220	32	interest	interest	NOUN
fbem-18291	220	33	margin	margin	NOUN
fbem-18291	220	34	(	(	PUNCT
fbem-18291	220	35	nim	nim	NOUN
fbem-18291	220	36	)	)	PUNCT
fbem-18291	220	37	and	and	CCONJ
fbem-18291	220	38	noninterest	noninter	ADJ
fbem-18291	220	39	margin	margin	NOUN
fbem-18291	220	40	ratio	ratio	NOUN
fbem-18291	220	41	(	(	PUNCT
fbem-18291	220	42	nir	nir	NOUN
fbem-18291	220	43	)	)	PUNCT
fbem-18291	220	44	;	;	PUNCT
fbem-18291	220	45	and	and	CCONJ
fbem-18291	220	46	the	the	DET
fbem-18291	220	47	six	six	NUM
fbem-18291	220	48	control	control	NOUN
fbem-18291	220	49	variables	variable	NOUN
fbem-18291	220	50	are	be	AUX
fbem-18291	220	51	the	the	DET
fbem-18291	220	52	logarithm	logarithm	NOUN
fbem-18291	220	53	of	of	ADP
fbem-18291	220	54	banks	bank	NOUN
fbem-18291	220	55	’	’	PART
fbem-18291	220	56	asset	asset	NOUN
fbem-18291	220	57	sizes	size	NOUN
fbem-18291	220	58	(	(	PUNCT
fbem-18291	220	59	lnsize	lnsize	NOUN
fbem-18291	220	60	)	)	PUNCT
fbem-18291	220	61	,	,	PUNCT
fbem-18291	220	62	capital	capital	NOUN
fbem-18291	220	63	adequacy	adequacy	NOUN
fbem-18291	220	64	ratio	ratio	NOUN
fbem-18291	220	65	(	(	PUNCT
fbem-18291	220	66	car	car	NOUN
fbem-18291	220	67	)	)	PUNCT
fbem-18291	220	68	,	,	PUNCT
fbem-18291	220	69	non	non	ADJ
fbem-18291	220	70	-	-	ADJ
fbem-18291	220	71	performing	perform	VERB
fbem-18291	220	72	loan	loan	NOUN
fbem-18291	220	73	ratio	ratio	NOUN
fbem-18291	220	74	(	(	PUNCT
fbem-18291	220	75	npl	npl	PROPN
fbem-18291	220	76	)	)	PUNCT
fbem-18291	220	77	,	,	PUNCT
fbem-18291	220	78	cost	cost	NOUN
fbem-18291	220	79	-	-	PUNCT
fbem-18291	220	80	to	to	ADP
fbem-18291	220	81	-	-	PUNCT
fbem-18291	220	82	income	income	NOUN
fbem-18291	220	83	ratio	ratio	NOUN
fbem-18291	220	84	(	(	PUNCT
fbem-18291	220	85	cir	cir	NOUN
fbem-18291	220	86	)	)	PUNCT
fbem-18291	220	87	,	,	PUNCT
fbem-18291	220	88	m2	m2	PROPN
fbem-18291	220	89	growth	growth	NOUN
fbem-18291	220	90	rate	rate	NOUN
fbem-18291	220	91	(	(	PUNCT
fbem-18291	220	92	m2	m2	PROPN
fbem-18291	220	93	)	)	PUNCT
fbem-18291	220	94	,	,	PUNCT
fbem-18291	220	95	and	and	CCONJ
fbem-18291	220	96	gdp	gdp	NOUN
fbem-18291	220	97	growth	growth	NOUN
fbem-18291	220	98	rate	rate	NOUN
fbem-18291	220	99	(	(	PUNCT
fbem-18291	220	100	gdp	gdp	NOUN
fbem-18291	220	101	)	)	PUNCT
fbem-18291	220	102	.	.	PUNCT
fbem-18291	221	1	the	the	DET
fbem-18291	221	2	results	result	NOUN
fbem-18291	221	3	are	be	AUX
fbem-18291	221	4	presented	present	VERB
fbem-18291	221	5	in	in	ADP
fbem-18291	221	6	table	table	NOUN
fbem-18291	221	7	4	4	NUM
fbem-18291	221	8	-	-	SYM
fbem-18291	221	9	1[45	1[45	NUM
fbem-18291	221	10	]	]	PUNCT
fbem-18291	221	11	table	table	NOUN
fbem-18291	221	12	4	4	NUM
fbem-18291	221	13	-	-	SYM
fbem-18291	221	14	1	1	NUM
fbem-18291	221	15	.	.	PUNCT
fbem-18291	222	1	descriptive	descriptive	ADJ
fbem-18291	222	2	statistics	statistic	NOUN
fbem-18291	222	3	variables	variable	NOUN
fbem-18291	222	4	mean	mean	VERB
fbem-18291	222	5	sd	sd	ADP
fbem-18291	222	6	min	min	PROPN
fbem-18291	222	7	max	max	PROPN
fbem-18291	222	8	lr	lr	PROPN
fbem-18291	222	9	52.87	52.87	NUM
fbem-18291	222	10	13.02	13.02	NUM
fbem-18291	222	11	28.43	28.43	NUM
fbem-18291	222	12	121	121	NUM
fbem-18291	222	13	fi	fi	NOUN
fbem-18291	222	14	252.83	252.83	NUM
fbem-18291	222	15	67.48	67.48	NUM
fbem-18291	222	16	155.35	155.35	NUM
fbem-18291	222	17	341.22	341.22	NUM
fbem-18291	222	18	nim	nim	NOUN
fbem-18291	222	19	2.2	2.2	NUM
fbem-18291	222	20	0.38	0.38	NUM
fbem-18291	222	21	1.25	1.25	NUM
fbem-18291	222	22	3.5	3.5	NUM
fbem-18291	222	23	nir	nir	NOUN
fbem-18291	222	24	26.28	26.28	NUM
fbem-18291	222	25	7.75	7.75	NUM
fbem-18291	222	26	3.58	3.58	NUM
fbem-18291	222	27	51.09	51.09	NUM
fbem-18291	222	28	lnsize	lnsize	NOUN
fbem-18291	222	29	19.8	19.8	NUM
fbem-18291	222	30	1.33	1.33	NUM
fbem-18291	222	31	16.52	16.52	NUM
fbem-18291	222	32	22.1	22.1	NUM
fbem-18291	222	33	car	car	NOUN
fbem-18291	222	34	13.46	13.46	NUM
fbem-18291	222	35	1.82	1.82	NUM
fbem-18291	222	36	9.88	9.88	NUM
fbem-18291	222	37	19.26	19.26	NUM
fbem-18291	222	38	npl	npl	NOUN
fbem-18291	222	39	1.35	1.35	NUM
fbem-18291	222	40	0.38	0.38	NUM
fbem-18291	222	41	0.39	0.39	NUM
fbem-18291	222	42	2.47	2.47	NUM
fbem-18291	222	43	cir	cir	NOUN
fbem-18291	222	44	28.49	28.49	NUM
fbem-18291	222	45	4.16	4.16	NUM
fbem-18291	222	46	18.93	18.93	NUM
fbem-18291	222	47	40.77	40.77	NUM
fbem-18291	222	48	m2	m2	PROPN
fbem-18291	222	49	10.63	10.63	NUM
fbem-18291	222	50	1.98	1.98	NUM
fbem-18291	222	51	8.1	8.1	NUM
fbem-18291	222	52	13.6	13.6	NUM
fbem-18291	222	53	gdp	gdp	NOUN
fbem-18291	222	54	6.24	6.24	NUM
fbem-18291	222	55	1.92	1.92	NUM
fbem-18291	222	56	2.24	2.24	NUM
fbem-18291	222	57	7.77	7.77	NUM
fbem-18291	222	58	as	as	SCONJ
fbem-18291	222	59	depicted	depict	VERB
fbem-18291	222	60	in	in	ADP
fbem-18291	222	61	table	table	NOUN
fbem-18291	222	62	4	4	NUM
fbem-18291	222	63	-	-	SYM
fbem-18291	222	64	1	1	NUM
fbem-18291	222	65	,	,	PUNCT
fbem-18291	222	66	during	during	ADP
fbem-18291	222	67	the	the	DET
fbem-18291	222	68	period	period	NOUN
fbem-18291	222	69	of	of	ADP
fbem-18291	222	70	2013	2013	NUM
fbem-18291	222	71	to	to	ADP
fbem-18291	222	72	2022	2022	NUM
fbem-18291	222	73	,	,	PUNCT
fbem-18291	222	74	the	the	DET
fbem-18291	222	75	average	average	ADJ
fbem-18291	222	76	value	value	NOUN
fbem-18291	222	77	of	of	ADP
fbem-18291	222	78	lr	lr	NOUN
fbem-18291	222	79	of	of	ADP
fbem-18291	222	80	the	the	DET
fbem-18291	222	81	sample	sample	NOUN
fbem-18291	222	82	banks	bank	NOUN
fbem-18291	222	83	is	be	AUX
fbem-18291	222	84	52.87	52.87	NUM
fbem-18291	222	85	,	,	PUNCT
fbem-18291	222	86	the	the	DET
fbem-18291	222	87	minimum	minimum	ADJ
fbem-18291	222	88	value	value	NOUN
fbem-18291	222	89	is	be	AUX
fbem-18291	222	90	28.43	28.43	NUM
fbem-18291	222	91	,	,	PUNCT
fbem-18291	222	92	and	and	CCONJ
fbem-18291	222	93	the	the	DET
fbem-18291	222	94	maximum	maximum	ADJ
fbem-18291	222	95	value	value	NOUN
fbem-18291	222	96	is	be	AUX
fbem-18291	222	97	121	121	NUM
fbem-18291	222	98	.	.	PUNCT
fbem-18291	223	1	the	the	DET
fbem-18291	223	2	lr	lr	PROPN
fbem-18291	223	3	indicator	indicator	NOUN
fbem-18291	223	4	of	of	ADP
fbem-18291	223	5	each	each	DET
fbem-18291	223	6	bank	bank	NOUN
fbem-18291	223	7	reaches	reach	VERB
fbem-18291	223	8	the	the	DET
fbem-18291	223	9	minimum	minimum	ADJ
fbem-18291	223	10	supervisory	supervisory	ADJ
fbem-18291	223	11	standard	standard	NOUN
fbem-18291	223	12	of	of	ADP
fbem-18291	223	13	‘	'	PUNCT
fbem-18291	223	14	the	the	DET
fbem-18291	223	15	liquidity	liquidity	NOUN
fbem-18291	223	16	ratio	ratio	NOUN
fbem-18291	223	17	of	of	ADP
fbem-18291	223	18	commercial	commercial	ADJ
fbem-18291	223	19	banks	bank	NOUN
fbem-18291	223	20	should	should	AUX
fbem-18291	223	21	not	not	PART
fbem-18291	223	22	be	be	AUX
fbem-18291	223	23	less	less	ADJ
fbem-18291	223	24	than	than	ADP
fbem-18291	223	25	25	25	NUM
fbem-18291	223	26	%	%	NOUN
fbem-18291	223	27	’	'	PUNCT
fbem-18291	223	28	of	of	ADP
fbem-18291	223	29	the	the	DET
fbem-18291	223	30	china	china	PROPN
fbem-18291	223	31	banking	banking	PROPN
fbem-18291	223	32	and	and	CCONJ
fbem-18291	223	33	insurance	insurance	PROPN
fbem-18291	223	34	regulatory	regulatory	ADJ
fbem-18291	223	35	commission	commission	NOUN
fbem-18291	223	36	(	(	PUNCT
fbem-18291	223	37	cbirc	cbirc	NOUN
fbem-18291	223	38	)	)	PUNCT
fbem-18291	223	39	,	,	PUNCT
fbem-18291	223	40	which	which	PRON
fbem-18291	223	41	can	can	AUX
fbem-18291	223	42	theoretically	theoretically	ADV
fbem-18291	223	43	respond	respond	VERB
fbem-18291	223	44	to	to	ADP
fbem-18291	223	45	a	a	DET
fbem-18291	223	46	certain	certain	ADJ
fbem-18291	223	47	degree	degree	NOUN
fbem-18291	223	48	of	of	ADP
fbem-18291	223	49	liquidity	liquidity	NOUN
fbem-18291	223	50	risk	risk	NOUN
fbem-18291	223	51	with	with	ADP
fbem-18291	223	52	more	more	ADJ
fbem-18291	223	53	flexibility	flexibility	NOUN
fbem-18291	223	54	.	.	PUNCT
fbem-18291	224	1	the	the	DET
fbem-18291	224	2	standard	standard	ADJ
fbem-18291	224	3	deviation	deviation	NOUN
fbem-18291	224	4	of	of	ADP
fbem-18291	224	5	the	the	DET
fbem-18291	224	6	lr	lr	PROPN
fbem-18291	224	7	indicator	indicator	NOUN
fbem-18291	224	8	is	be	AUX
fbem-18291	224	9	13.02	13.02	NUM
fbem-18291	224	10	,	,	PUNCT
fbem-18291	224	11	which	which	PRON
fbem-18291	224	12	indicates	indicate	VERB
fbem-18291	224	13	that	that	SCONJ
fbem-18291	224	14	the	the	DET
fbem-18291	224	15	liquidity	liquidity	NOUN
fbem-18291	224	16	risk	risk	NOUN
fbem-18291	224	17	faced	face	VERB
fbem-18291	224	18	by	by	ADP
fbem-18291	224	19	banks	bank	NOUN
fbem-18291	224	20	varies	vary	VERB
fbem-18291	224	21	greatly	greatly	ADV
fbem-18291	224	22	according	accord	VERB
fbem-18291	224	23	to	to	ADP
fbem-18291	224	24	their	their	PRON
fbem-18291	224	25	own	own	ADJ
fbem-18291	224	26	circumstances	circumstance	NOUN
fbem-18291	224	27	.	.	PUNCT
fbem-18291	225	1	the	the	DET
fbem-18291	225	2	difference	difference	NOUN
fbem-18291	225	3	between	between	ADP
fbem-18291	225	4	the	the	DET
fbem-18291	225	5	lowest	low	ADJ
fbem-18291	225	6	and	and	CCONJ
fbem-18291	225	7	highest	high	ADJ
fbem-18291	225	8	values	value	NOUN
fbem-18291	225	9	reveals	reveal	VERB
fbem-18291	225	10	the	the	DET
fbem-18291	225	11	different	different	ADJ
fbem-18291	225	12	financial	financial	ADJ
fbem-18291	225	13	health	health	NOUN
fbem-18291	225	14	and	and	CCONJ
fbem-18291	225	15	operational	operational	ADJ
fbem-18291	225	16	management	management	NOUN
fbem-18291	225	17	efficiency	efficiency	NOUN
fbem-18291	225	18	of	of	ADP
fbem-18291	225	19	each	each	DET
fbem-18291	225	20	company	company	NOUN
fbem-18291	225	21	.	.	PUNCT
fbem-18291	226	1	the	the	DET
fbem-18291	226	2	fi	fi	NOUN
fbem-18291	226	3	index	index	NOUN
fbem-18291	226	4	rose	rise	VERB
fbem-18291	226	5	from	from	ADP
fbem-18291	226	6	a	a	DET
fbem-18291	226	7	low	low	NOUN
fbem-18291	226	8	of	of	ADP
fbem-18291	226	9	155.35	155.35	NUM
fbem-18291	226	10	to	to	ADP
fbem-18291	226	11	341.22	341.22	NUM
fbem-18291	226	12	,	,	PUNCT
fbem-18291	226	13	indicating	indicate	VERB
fbem-18291	226	14	that	that	SCONJ
fbem-18291	226	15	china	china	PROPN
fbem-18291	226	16	’s	’s	PART
fbem-18291	226	17	fintech	fintech	NOUN
fbem-18291	226	18	has	have	AUX
fbem-18291	226	19	developed	develop	VERB
fbem-18291	226	20	rapidly	rapidly	ADV
fbem-18291	226	21	in	in	ADP
fbem-18291	226	22	recent	recent	ADJ
fbem-18291	226	23	year	year	NOUN
fbem-18291	226	24	and	and	CCONJ
fbem-18291	226	25	the	the	DET
fbem-18291	226	26	overall	overall	ADJ
fbem-18291	226	27	industry	industry	NOUN
fbem-18291	226	28	is	be	AUX
fbem-18291	226	29	in	in	ADP
fbem-18291	226	30	a	a	DET
fbem-18291	226	31	more	more	ADV
fbem-18291	226	32	active	active	ADJ
fbem-18291	226	33	and	and	CCONJ
fbem-18291	226	34	rapid	rapid	ADJ
fbem-18291	226	35	growth[46	growth[46	NOUN
fbem-18291	226	36	]	]	PUNCT
fbem-18291	226	37	.	.	PUNCT
fbem-18291	227	1	the	the	DET
fbem-18291	227	2	variance	variance	NOUN
fbem-18291	227	3	of	of	ADP
fbem-18291	227	4	the	the	DET
fbem-18291	227	5	nim	nim	PROPN
fbem-18291	227	6	index	index	NOUN
fbem-18291	227	7	is	be	AUX
fbem-18291	227	8	0.38	0.38	NUM
fbem-18291	227	9	,	,	PUNCT
fbem-18291	227	10	indicating	indicate	VERB
fbem-18291	227	11	that	that	SCONJ
fbem-18291	227	12	the	the	DET
fbem-18291	227	13	290	290	NUM
fbem-18291	227	14	profitability	profitability	NOUN
fbem-18291	227	15	of	of	ADP
fbem-18291	227	16	the	the	DET
fbem-18291	227	17	overall	overall	ADJ
fbem-18291	227	18	core	core	NOUN
fbem-18291	227	19	business	business	NOUN
fbem-18291	227	20	does	do	AUX
fbem-18291	227	21	not	not	PART
fbem-18291	227	22	differ	differ	VERB
fbem-18291	227	23	significantly	significantly	ADV
fbem-18291	227	24	amongst	amongst	ADP
fbem-18291	227	25	banks	bank	NOUN
fbem-18291	227	26	,	,	PUNCT
fbem-18291	227	27	and	and	CCONJ
fbem-18291	227	28	the	the	DET
fbem-18291	227	29	small	small	ADJ
fbem-18291	227	30	difference	difference	NOUN
fbem-18291	227	31	between	between	ADP
fbem-18291	227	32	the	the	DET
fbem-18291	227	33	maximum	maximum	ADJ
fbem-18291	227	34	and	and	CCONJ
fbem-18291	227	35	minimum	minimum	ADJ
fbem-18291	227	36	values	value	NOUN
fbem-18291	227	37	also	also	ADV
fbem-18291	227	38	reflects	reflect	VERB
fbem-18291	227	39	this	this	DET
fbem-18291	227	40	conclusion	conclusion	NOUN
fbem-18291	227	41	adequately	adequately	ADV
fbem-18291	227	42	.	.	PUNCT
fbem-18291	228	1	the	the	DET
fbem-18291	228	2	nir	nir	PROPN
fbem-18291	228	3	index	index	NOUN
fbem-18291	228	4	has	have	VERB
fbem-18291	228	5	a	a	DET
fbem-18291	228	6	large	large	ADJ
fbem-18291	228	7	fluctuation	fluctuation	NOUN
fbem-18291	228	8	,	,	PUNCT
fbem-18291	228	9	indicating	indicate	VERB
fbem-18291	228	10	that	that	SCONJ
fbem-18291	228	11	the	the	DET
fbem-18291	228	12	degree	degree	NOUN
fbem-18291	228	13	of	of	ADP
fbem-18291	228	14	development	development	NOUN
fbem-18291	228	15	of	of	ADP
fbem-18291	228	16	non	non	ADJ
fbem-18291	228	17	-	-	ADJ
fbem-18291	228	18	traditional	traditional	ADJ
fbem-18291	228	19	business	business	NOUN
fbem-18291	228	20	varies	vary	VERB
fbem-18291	228	21	amongst	amongst	ADP
fbem-18291	228	22	banks	bank	NOUN
fbem-18291	228	23	,	,	PUNCT
fbem-18291	228	24	for	for	ADP
fbem-18291	228	25	instance	instance	NOUN
fbem-18291	228	26	,	,	PUNCT
fbem-18291	228	27	there	there	PRON
fbem-18291	228	28	are	be	VERB
fbem-18291	228	29	differences	difference	NOUN
fbem-18291	228	30	in	in	ADP
fbem-18291	228	31	the	the	DET
fbem-18291	228	32	business	business	NOUN
fbem-18291	228	33	portfolio	portfolio	NOUN
fbem-18291	228	34	and	and	CCONJ
fbem-18291	228	35	performance	performance	NOUN
fbem-18291	228	36	in	in	ADP
fbem-18291	228	37	terms	term	NOUN
fbem-18291	228	38	of	of	ADP
fbem-18291	228	39	noninterest	noninter	ADJ
fbem-18291	228	40	income	income	NOUN
fbem-18291	228	41	,	,	PUNCT
fbem-18291	228	42	which	which	PRON
fbem-18291	228	43	reflects	reflect	VERB
fbem-18291	228	44	the	the	DET
fbem-18291	228	45	banks	bank	NOUN
fbem-18291	228	46	’	'	PUNCT
fbem-18291	228	47	different	different	ADJ
fbem-18291	228	48	business	business	NOUN
fbem-18291	228	49	strategies	strategy	NOUN
fbem-18291	228	50	,	,	PUNCT
fbem-18291	228	51	product	product	NOUN
fbem-18291	228	52	innovation	innovation	NOUN
fbem-18291	228	53	,	,	PUNCT
fbem-18291	228	54	market	market	NOUN
fbem-18291	228	55	positioning	positioning	NOUN
fbem-18291	228	56	and	and	CCONJ
fbem-18291	228	57	customer	customer	NOUN
fbem-18291	228	58	segments	segment	NOUN
fbem-18291	228	59	.	.	PUNCT
fbem-18291	229	1	the	the	DET
fbem-18291	229	2	mean	mean	ADJ
fbem-18291	229	3	value	value	NOUN
fbem-18291	229	4	of	of	ADP
fbem-18291	229	5	26.28	26.28	NUM
fbem-18291	229	6	also	also	ADV
fbem-18291	229	7	indicates	indicate	VERB
fbem-18291	229	8	that	that	SCONJ
fbem-18291	229	9	most	most	ADJ
fbem-18291	229	10	banks	bank	NOUN
fbem-18291	229	11	have	have	AUX
fbem-18291	229	12	continued	continue	VERB
fbem-18291	229	13	to	to	PART
fbem-18291	229	14	rely	rely	VERB
fbem-18291	229	15	on	on	ADP
fbem-18291	229	16	interest	interest	NOUN
fbem-18291	229	17	income	income	NOUN
fbem-18291	229	18	as	as	ADP
fbem-18291	229	19	their	their	PRON
fbem-18291	229	20	primary	primary	ADJ
fbem-18291	229	21	source	source	NOUN
fbem-18291	229	22	of	of	ADP
fbem-18291	229	23	income	income	NOUN
fbem-18291	229	24	[	[	X
fbem-18291	229	25	in	in	ADP
fbem-18291	229	26	recent	recent	ADJ
fbem-18291	229	27	years	year	NOUN
fbem-18291	229	28	,	,	PUNCT
fbem-18291	229	29	with	with	ADP
fbem-18291	229	30	non	non	ADJ
fbem-18291	229	31	-	-	ADJ
fbem-18291	229	32	interest	interest	ADJ
fbem-18291	229	33	income	income	NOUN
fbem-18291	229	34	as	as	ADP
fbem-18291	229	35	a	a	DET
fbem-18291	229	36	supplement	supplement	NOUN
fbem-18291	229	37	[	[	X
fbem-18291	229	38	47	47	NUM
fbem-18291	229	39	]	]	PUNCT
fbem-18291	229	40	.	.	PUNCT
fbem-18291	230	1	the	the	DET
fbem-18291	230	2	overall	overall	ADJ
fbem-18291	230	3	variance	variance	NOUN
fbem-18291	230	4	of	of	ADP
fbem-18291	230	5	bank	bank	NOUN
fbem-18291	230	6	assets	asset	NOUN
fbem-18291	230	7	is	be	AUX
fbem-18291	230	8	not	not	PART
fbem-18291	230	9	large	large	ADJ
fbem-18291	230	10	after	after	ADP
fbem-18291	230	11	implementing	implement	VERB
fbem-18291	230	12	the	the	DET
fbem-18291	230	13	logarithm	logarithm	NOUN
fbem-18291	230	14	,	,	PUNCT
fbem-18291	230	15	which	which	PRON
fbem-18291	230	16	can	can	AUX
fbem-18291	230	17	reduce	reduce	VERB
fbem-18291	230	18	the	the	DET
fbem-18291	230	19	right	right	ADJ
fbem-18291	230	20	skewness	skewness	NOUN
fbem-18291	230	21	of	of	ADP
fbem-18291	230	22	the	the	DET
fbem-18291	230	23	indicator	indicator	NOUN
fbem-18291	230	24	to	to	ADP
fbem-18291	230	25	a	a	DET
fbem-18291	230	26	certain	certain	ADJ
fbem-18291	230	27	extent	extent	NOUN
fbem-18291	230	28	.	.	PUNCT
fbem-18291	231	1	the	the	DET
fbem-18291	231	2	small	small	ADJ
fbem-18291	231	3	standard	standard	ADJ
fbem-18291	231	4	deviation	deviation	NOUN
fbem-18291	231	5	of	of	ADP
fbem-18291	231	6	the	the	DET
fbem-18291	231	7	car	car	NOUN
fbem-18291	231	8	indicator	indicator	NOUN
fbem-18291	231	9	implies	imply	VERB
fbem-18291	231	10	that	that	SCONJ
fbem-18291	231	11	the	the	DET
fbem-18291	231	12	overall	overall	ADJ
fbem-18291	231	13	risk	risk	NOUN
fbem-18291	231	14	level	level	NOUN
fbem-18291	231	15	of	of	ADP
fbem-18291	231	16	the	the	DET
fbem-18291	231	17	banking	banking	NOUN
fbem-18291	231	18	system	system	NOUN
fbem-18291	231	19	remains	remain	VERB
fbem-18291	231	20	relatively	relatively	ADV
fbem-18291	231	21	stable	stable	ADJ
fbem-18291	231	22	,	,	PUNCT
fbem-18291	231	23	and	and	CCONJ
fbem-18291	231	24	the	the	DET
fbem-18291	231	25	vulnerability	vulnerability	NOUN
fbem-18291	231	26	of	of	ADP
fbem-18291	231	27	the	the	DET
fbem-18291	231	28	banking	banking	NOUN
fbem-18291	231	29	sector	sector	NOUN
fbem-18291	231	30	is	be	AUX
fbem-18291	231	31	reduced	reduce	VERB
fbem-18291	231	32	in	in	ADP
fbem-18291	231	33	the	the	DET
fbem-18291	231	34	face	face	NOUN
fbem-18291	231	35	of	of	ADP
fbem-18291	231	36	external	external	ADJ
fbem-18291	231	37	shocks	shock	NOUN
fbem-18291	231	38	,	,	PUNCT
fbem-18291	231	39	with	with	ADP
fbem-18291	231	40	lower	low	ADJ
fbem-18291	231	41	systematic	systematic	ADJ
fbem-18291	231	42	risk	risk	NOUN
fbem-18291	231	43	,	,	PUNCT
fbem-18291	231	44	which	which	PRON
fbem-18291	231	45	helps	help	VERB
fbem-18291	231	46	maintain	maintain	VERB
fbem-18291	231	47	financial	financial	ADJ
fbem-18291	231	48	stability	stability	NOUN
fbem-18291	231	49	.	.	PUNCT
fbem-18291	232	1	the	the	DET
fbem-18291	232	2	npl	npl	PROPN
fbem-18291	232	3	indicator	indicator	NOUN
fbem-18291	232	4	is	be	AUX
fbem-18291	232	5	maintained	maintain	VERB
fbem-18291	232	6	within	within	ADP
fbem-18291	232	7	3	3	NUM
fbem-18291	232	8	percent	percent	NOUN
fbem-18291	232	9	,	,	PUNCT
fbem-18291	232	10	which	which	PRON
fbem-18291	232	11	indicates	indicate	VERB
fbem-18291	232	12	that	that	SCONJ
fbem-18291	232	13	banks	bank	NOUN
fbem-18291	232	14	have	have	VERB
fbem-18291	232	15	a	a	DET
fbem-18291	232	16	certain	certain	ADJ
fbem-18291	232	17	degree	degree	NOUN
fbem-18291	232	18	of	of	ADP
fbem-18291	232	19	resilience	resilience	NOUN
fbem-18291	232	20	in	in	ADP
fbem-18291	232	21	the	the	DET
fbem-18291	232	22	face	face	NOUN
fbem-18291	232	23	of	of	ADP
fbem-18291	232	24	loan	loan	NOUN
fbem-18291	232	25	default	default	NOUN
fbem-18291	232	26	risk	risk	NOUN
fbem-18291	232	27	,	,	PUNCT
fbem-18291	232	28	helping	help	VERB
fbem-18291	232	29	to	to	PART
fbem-18291	232	30	maintain	maintain	VERB
fbem-18291	232	31	financial	financial	ADJ
fbem-18291	232	32	stability	stability	NOUN
fbem-18291	232	33	resilience	resilience	NOUN
fbem-18291	232	34	,	,	PUNCT
fbem-18291	232	35	which	which	PRON
fbem-18291	232	36	helps	help	VERB
fbem-18291	232	37	maintain	maintain	VERB
fbem-18291	232	38	financial	financial	ADJ
fbem-18291	232	39	system	system	NOUN
fbem-18291	232	40	stability	stability	NOUN
fbem-18291	232	41	and	and	CCONJ
fbem-18291	232	42	protects	protect	VERB
fbem-18291	232	43	the	the	DET
fbem-18291	232	44	interests	interest	NOUN
fbem-18291	232	45	of	of	ADP
fbem-18291	232	46	depositors	depositor	NOUN
fbem-18291	232	47	and	and	CCONJ
fbem-18291	232	48	financial	financial	ADJ
fbem-18291	232	49	markets	market	NOUN
fbem-18291	232	50	.	.	PUNCT
fbem-18291	233	1	the	the	DET
fbem-18291	233	2	standard	standard	ADJ
fbem-18291	233	3	deviation	deviation	NOUN
fbem-18291	233	4	of	of	ADP
fbem-18291	233	5	0.38	0.38	NUM
fbem-18291	233	6	suggests	suggest	VERB
fbem-18291	233	7	that	that	SCONJ
fbem-18291	233	8	banks	bank	NOUN
fbem-18291	233	9	are	be	AUX
fbem-18291	233	10	not	not	PART
fbem-18291	233	11	substantially	substantially	ADV
fbem-18291	233	12	different	different	ADJ
fbem-18291	233	13	from	from	ADP
fbem-18291	233	14	each	each	DET
fbem-18291	233	15	other	other	ADJ
fbem-18291	233	16	,	,	PUNCT
fbem-18291	233	17	with	with	ADP
fbem-18291	233	18	a	a	DET
fbem-18291	233	19	balanced	balanced	ADJ
fbem-18291	233	20	performance	performance	NOUN
fbem-18291	233	21	in	in	ADP
fbem-18291	233	22	risk	risk	NOUN
fbem-18291	233	23	control	control	NOUN
fbem-18291	233	24	and	and	CCONJ
fbem-18291	233	25	loan	loan	NOUN
fbem-18291	233	26	quality	quality	NOUN
fbem-18291	233	27	management	management	NOUN
fbem-18291	233	28	,	,	PUNCT
fbem-18291	233	29	and	and	CCONJ
fbem-18291	233	30	the	the	DET
fbem-18291	233	31	overall	overall	ADJ
fbem-18291	233	32	loan	loan	NOUN
fbem-18291	233	33	portfolio	portfolio	NOUN
fbem-18291	233	34	is	be	AUX
fbem-18291	233	35	relatively	relatively	ADV
fbem-18291	233	36	robust	robust	ADJ
fbem-18291	233	37	.	.	PUNCT
fbem-18291	234	1	the	the	DET
fbem-18291	234	2	maximum	maximum	ADJ
fbem-18291	234	3	value	value	NOUN
fbem-18291	234	4	of	of	ADP
fbem-18291	234	5	the	the	DET
fbem-18291	234	6	cir	cir	ADJ
fbem-18291	234	7	indicator	indicator	NOUN
fbem-18291	234	8	is	be	AUX
fbem-18291	234	9	40.77	40.77	NUM
fbem-18291	234	10	,	,	PUNCT
fbem-18291	234	11	whilst	whilst	SCONJ
fbem-18291	234	12	the	the	DET
fbem-18291	234	13	minimum	minimum	ADJ
fbem-18291	234	14	value	value	NOUN
fbem-18291	234	15	is	be	AUX
fbem-18291	234	16	18.93	18.93	NUM
fbem-18291	234	17	,	,	PUNCT
fbem-18291	234	18	which	which	PRON
fbem-18291	234	19	may	may	AUX
fbem-18291	234	20	imply	imply	VERB
fbem-18291	234	21	that	that	SCONJ
fbem-18291	234	22	there	there	PRON
fbem-18291	234	23	is	be	VERB
fbem-18291	234	24	a	a	DET
fbem-18291	234	25	fluctuation	fluctuation	NOUN
fbem-18291	234	26	in	in	ADP
fbem-18291	234	27	the	the	DET
fbem-18291	234	28	operational	operational	ADJ
fbem-18291	234	29	efficiency	efficiency	NOUN
fbem-18291	234	30	of	of	ADP
fbem-18291	234	31	different	different	ADJ
fbem-18291	234	32	banks	bank	NOUN
fbem-18291	234	33	,	,	PUNCT
fbem-18291	234	34	with	with	ADP
fbem-18291	234	35	some	some	DET
fbem-18291	234	36	banks	bank	NOUN
fbem-18291	234	37	controlling	control	VERB
fbem-18291	234	38	their	their	PRON
fbem-18291	234	39	costs	cost	NOUN
fbem-18291	234	40	more	more	ADV
fbem-18291	234	41	efficiently	efficiently	ADV
fbem-18291	234	42	,	,	PUNCT
fbem-18291	234	43	whilst	whilst	SCONJ
fbem-18291	234	44	others	other	NOUN
fbem-18291	234	45	may	may	AUX
fbem-18291	234	46	face	face	VERB
fbem-18291	234	47	higher	high	ADJ
fbem-18291	234	48	operational	operational	ADJ
fbem-18291	234	49	costs	cost	NOUN
fbem-18291	234	50	[	[	X
fbem-18291	234	51	48	48	NUM
fbem-18291	234	52	]	]	PUNCT
fbem-18291	234	53	.	.	PUNCT
fbem-18291	235	1	the	the	DET
fbem-18291	235	2	m2	m2	PROPN
fbem-18291	235	3	and	and	CCONJ
fbem-18291	235	4	gdp	gdp	NOUN
fbem-18291	235	5	growth	growth	NOUN
fbem-18291	235	6	rates	rate	NOUN
fbem-18291	235	7	are	be	AUX
fbem-18291	235	8	at	at	ADP
fbem-18291	235	9	a	a	DET
fbem-18291	235	10	constant	constant	ADJ
fbem-18291	235	11	3	3	NUM
fbem-18291	235	12	percent	percent	NOUN
fbem-18291	235	13	,	,	PUNCT
fbem-18291	235	14	which	which	PRON
fbem-18291	235	15	indicates	indicate	VERB
fbem-18291	235	16	that	that	SCONJ
fbem-18291	235	17	banks	bank	NOUN
fbem-18291	235	18	have	have	VERB
fbem-18291	235	19	a	a	DET
fbem-18291	235	20	certain	certain	ADJ
fbem-18291	235	21	degree	degree	NOUN
fbem-18291	235	22	of	of	ADP
fbem-18291	235	23	resilience	resilience	NOUN
fbem-18291	235	24	when	when	SCONJ
fbem-18291	235	25	facing	face	VERB
fbem-18291	235	26	loan	loan	NOUN
fbem-18291	235	27	default	default	NOUN
fbem-18291	235	28	risk	risk	NOUN
fbem-18291	235	29	,	,	PUNCT
fbem-18291	235	30	helping	help	VERB
fbem-18291	235	31	to	to	PART
fbem-18291	235	32	maintain	maintain	VERB
fbem-18291	235	33	the	the	DET
fbem-18291	235	34	stability	stability	NOUN
fbem-18291	235	35	of	of	ADP
fbem-18291	235	36	the	the	DET
fbem-18291	235	37	financial	financial	ADJ
fbem-18291	235	38	system	system	NOUN
fbem-18291	235	39	and	and	CCONJ
fbem-18291	235	40	protect	protect	VERB
fbem-18291	235	41	the	the	DET
fbem-18291	235	42	interests	interest	NOUN
fbem-18291	235	43	of	of	ADP
fbem-18291	235	44	depositors	depositor	NOUN
fbem-18291	235	45	and	and	CCONJ
fbem-18291	235	46	financial	financial	ADJ
fbem-18291	235	47	markets	market	NOUN
fbem-18291	235	48	costs	cost	NOUN
fbem-18291	235	49	;	;	PUNCT
fbem-18291	235	50	m2	m2	PROPN
fbem-18291	235	51	and	and	CCONJ
fbem-18291	235	52	gdp	gdp	NOUN
fbem-18291	235	53	growth	growth	NOUN
fbem-18291	235	54	rates	rate	NOUN
fbem-18291	235	55	are	be	AUX
fbem-18291	235	56	both	both	PRON
fbem-18291	235	57	within	within	ADP
fbem-18291	235	58	a	a	DET
fbem-18291	235	59	reasonable	reasonable	ADJ
fbem-18291	235	60	range	range	NOUN
fbem-18291	235	61	,	,	PUNCT
fbem-18291	235	62	suggesting	suggest	VERB
fbem-18291	235	63	that	that	SCONJ
fbem-18291	235	64	china	china	PROPN
fbem-18291	235	65	’s	’s	PART
fbem-18291	235	66	economic	economic	ADJ
fbem-18291	235	67	development	development	NOUN
fbem-18291	235	68	will	will	AUX
fbem-18291	235	69	be	be	AUX
fbem-18291	235	70	stable	stable	ADJ
fbem-18291	235	71	over	over	ADP
fbem-18291	235	72	the	the	DET
fbem-18291	235	73	2013	2013	NUM
fbem-18291	235	74	to	to	ADP
fbem-18291	235	75	2022	2022	NUM
fbem-18291	235	76	period	period	NOUN
fbem-18291	235	77	,	,	PUNCT
fbem-18291	235	78	and	and	CCONJ
fbem-18291	235	79	that	that	SCONJ
fbem-18291	235	80	the	the	DET
fbem-18291	235	81	favourable	favourable	ADJ
fbem-18291	235	82	market	market	NOUN
fbem-18291	235	83	environment	environment	NOUN
fbem-18291	235	84	will	will	AUX
fbem-18291	235	85	give	give	VERB
fbem-18291	235	86	fintech	fintech	NOUN
fbem-18291	235	87	more	more	ADV
fbem-18291	235	88	stable	stable	ADJ
fbem-18291	235	89	socio	socio	NOUN
fbem-18291	235	90	-	-	PUNCT
fbem-18291	235	91	economic	economic	ADJ
fbem-18291	235	92	conditions	condition	NOUN
fbem-18291	235	93	,	,	PUNCT
fbem-18291	235	94	which	which	PRON
fbem-18291	235	95	to	to	ADP
fbem-18291	235	96	some	some	DET
fbem-18291	235	97	extent	extent	NOUN
fbem-18291	235	98	corroborates	corroborate	VERB
fbem-18291	235	99	the	the	DET
fbem-18291	235	100	development	development	NOUN
fbem-18291	235	101	of	of	ADP
fbem-18291	235	102	fintech	fintech	NOUN
fbem-18291	235	103	.	.	PUNCT
fbem-18291	236	1	4.2	4.2	NUM
fbem-18291	236	2	.	.	PUNCT
fbem-18291	236	3	model	model	NOUN
fbem-18291	236	4	selection	selection	NOUN
fbem-18291	236	5	the	the	DET
fbem-18291	236	6	data	datum	NOUN
fbem-18291	236	7	in	in	ADP
fbem-18291	236	8	this	this	DET
fbem-18291	236	9	paper	paper	NOUN
fbem-18291	236	10	originates	originate	NOUN
fbem-18291	236	11	from	from	ADP
fbem-18291	236	12	multiple	multiple	ADJ
fbem-18291	236	13	individuals	individual	NOUN
fbem-18291	236	14	under	under	ADP
fbem-18291	236	15	various	various	ADJ
fbem-18291	236	16	points	point	NOUN
fbem-18291	236	17	in	in	ADP
fbem-18291	236	18	time	time	NOUN
fbem-18291	236	19	and	and	CCONJ
fbem-18291	236	20	is	be	AUX
fbem-18291	236	21	panel	panel	NOUN
fbem-18291	236	22	data	datum	NOUN
fbem-18291	236	23	.	.	PUNCT
fbem-18291	237	1	the	the	DET
fbem-18291	237	2	analysis	analysis	NOUN
fbem-18291	237	3	of	of	ADP
fbem-18291	237	4	panel	panel	NOUN
fbem-18291	237	5	data	datum	NOUN
fbem-18291	237	6	should	should	AUX
fbem-18291	237	7	first	first	ADV
fbem-18291	237	8	start	start	VERB
fbem-18291	237	9	with	with	ADP
fbem-18291	237	10	determining	determine	VERB
fbem-18291	237	11	the	the	DET
fbem-18291	237	12	model	model	NOUN
fbem-18291	237	13	.	.	PUNCT
fbem-18291	238	1	for	for	ADP
fbem-18291	238	2	the	the	DET
fbem-18291	238	3	selected	select	VERB
fbem-18291	238	4	data	datum	NOUN
fbem-18291	238	5	,	,	PUNCT
fbem-18291	238	6	this	this	DET
fbem-18291	238	7	paper	paper	NOUN
fbem-18291	238	8	will	will	AUX
fbem-18291	238	9	determine	determine	VERB
fbem-18291	238	10	the	the	DET
fbem-18291	238	11	model	model	NOUN
fbem-18291	238	12	through	through	ADP
fbem-18291	238	13	f	f	NOUN
fbem-18291	238	14	-	-	PUNCT
fbem-18291	238	15	test	test	NOUN
fbem-18291	238	16	,	,	PUNCT
fbem-18291	238	17	lm	lm	NOUN
fbem-18291	238	18	-	-	NOUN
fbem-18291	238	19	test	test	NOUN
fbem-18291	238	20	,	,	PUNCT
fbem-18291	238	21	and	and	CCONJ
fbem-18291	238	22	hausman	hausman	NOUN
fbem-18291	238	23	-	-	PUNCT
fbem-18291	238	24	test	test	NOUN
fbem-18291	238	25	,	,	PUNCT
fbem-18291	238	26	and	and	CCONJ
fbem-18291	238	27	then	then	ADV
fbem-18291	238	28	select	select	VERB
fbem-18291	238	29	the	the	DET
fbem-18291	238	30	most	most	ADV
fbem-18291	238	31	suitable	suitable	ADJ
fbem-18291	238	32	model	model	NOUN
fbem-18291	238	33	from	from	ADP
fbem-18291	238	34	the	the	DET
fbem-18291	238	35	mixed	mixed	ADJ
fbem-18291	238	36	ols	ol	NOUN
fbem-18291	238	37	,	,	PUNCT
fbem-18291	238	38	fixed	fix	VERB
fbem-18291	238	39	effects	effect	NOUN
fbem-18291	238	40	and	and	CCONJ
fbem-18291	238	41	random	random	ADJ
fbem-18291	238	42	effects	effect	NOUN
fbem-18291	238	43	models[49	models[49	X
fbem-18291	238	44	]	]	PUNCT
fbem-18291	238	45	.	.	PUNCT
fbem-18291	239	1	the	the	DET
fbem-18291	239	2	fixed	fix	VERB
fbem-18291	239	3	effects	effect	NOUN
fbem-18291	239	4	model	model	NOUN
fbem-18291	239	5	is	be	AUX
fbem-18291	239	6	suitable	suitable	ADJ
fbem-18291	239	7	for	for	ADP
fbem-18291	239	8	panel	panel	NOUN
fbem-18291	239	9	data	datum	NOUN
fbem-18291	239	10	analysis	analysis	NOUN
fbem-18291	239	11	methodology	methodology	NOUN
fbem-18291	239	12	and	and	CCONJ
fbem-18291	239	13	is	be	AUX
fbem-18291	239	14	used	use	VERB
fbem-18291	239	15	to	to	PART
fbem-18291	239	16	control	control	VERB
fbem-18291	239	17	for	for	ADP
fbem-18291	239	18	inter	inter	ADJ
fbem-18291	239	19	-	-	ADJ
fbem-18291	239	20	individual	individual	ADJ
fbem-18291	239	21	heterogeneity	heterogeneity	NOUN
fbem-18291	239	22	(	(	PUNCT
fbem-18291	239	23	kumar	kumar	PROPN
fbem-18291	239	24	,	,	PUNCT
fbem-18291	239	25	2021	2021	NUM
fbem-18291	239	26	)	)	PUNCT
fbem-18291	239	27	.	.	PUNCT
fbem-18291	240	1	in	in	ADP
fbem-18291	240	2	panel	panel	NOUN
fbem-18291	240	3	data	datum	NOUN
fbem-18291	240	4	,	,	PUNCT
fbem-18291	240	5	data	datum	NOUN
fbem-18291	240	6	from	from	ADP
fbem-18291	240	7	multiple	multiple	ADJ
fbem-18291	240	8	individuals	individual	NOUN
fbem-18291	240	9	at	at	ADP
fbem-18291	240	10	various	various	ADJ
fbem-18291	240	11	points	point	NOUN
fbem-18291	240	12	in	in	ADP
fbem-18291	240	13	time	time	NOUN
fbem-18291	240	14	may	may	AUX
fbem-18291	240	15	differ	differ	VERB
fbem-18291	240	16	due	due	ADJ
fbem-18291	240	17	to	to	ADP
fbem-18291	240	18	individual	individual	ADJ
fbem-18291	240	19	characteristics	characteristic	NOUN
fbem-18291	240	20	,	,	PUNCT
fbem-18291	240	21	and	and	CCONJ
fbem-18291	240	22	this	this	DET
fbem-18291	240	23	inter	inter	ADJ
fbem-18291	240	24	-	-	ADJ
fbem-18291	240	25	individual	individual	ADJ
fbem-18291	240	26	variation	variation	NOUN
fbem-18291	240	27	is	be	AUX
fbem-18291	240	28	referred	refer	VERB
fbem-18291	240	29	to	to	ADP
fbem-18291	240	30	as	as	ADP
fbem-18291	240	31	heterogeneity	heterogeneity	NOUN
fbem-18291	240	32	.	.	PUNCT
fbem-18291	241	1	the	the	DET
fbem-18291	241	2	core	core	ADJ
fbem-18291	241	3	idea	idea	NOUN
fbem-18291	241	4	of	of	ADP
fbem-18291	241	5	the	the	DET
fbem-18291	241	6	fixed	fix	VERB
fbem-18291	241	7	effects	effect	NOUN
fbem-18291	241	8	model	model	NOUN
fbem-18291	241	9	is	be	AUX
fbem-18291	241	10	to	to	PART
fbem-18291	241	11	control	control	VERB
fbem-18291	241	12	for	for	ADP
fbem-18291	241	13	inter	inter	ADJ
fbem-18291	241	14	-	-	ADJ
fbem-18291	241	15	individual	individual	ADJ
fbem-18291	241	16	heterogeneity	heterogeneity	NOUN
fbem-18291	241	17	by	by	ADP
fbem-18291	241	18	introducing	introduce	VERB
fbem-18291	241	19	individual	individual	ADJ
fbem-18291	241	20	dummy	dummy	ADJ
fbem-18291	241	21	variables	variable	NOUN
fbem-18291	241	22	.	.	PUNCT
fbem-18291	242	1	these	these	DET
fbem-18291	242	2	dummy	dummy	ADJ
fbem-18291	242	3	variables	variable	NOUN
fbem-18291	242	4	represent	represent	VERB
fbem-18291	242	5	the	the	DET
fbem-18291	242	6	fixed	fixed	ADJ
fbem-18291	242	7	characteristics	characteristic	NOUN
fbem-18291	242	8	of	of	ADP
fbem-18291	242	9	individuals	individual	NOUN
fbem-18291	242	10	,	,	PUNCT
fbem-18291	242	11	and	and	CCONJ
fbem-18291	242	12	by	by	ADP
fbem-18291	242	13	introducing	introduce	VERB
fbem-18291	242	14	these	these	DET
fbem-18291	242	15	dummy	dummy	ADJ
fbem-18291	242	16	variables	variable	NOUN
fbem-18291	242	17	,	,	PUNCT
fbem-18291	242	18	the	the	DET
fbem-18291	242	19	model	model	NOUN
fbem-18291	242	20	can	can	AUX
fbem-18291	242	21	capture	capture	VERB
fbem-18291	242	22	the	the	DET
fbem-18291	242	23	fixed	fix	VERB
fbem-18291	242	24	differences	difference	NOUN
fbem-18291	242	25	between	between	ADP
fbem-18291	242	26	individuals	individual	NOUN
fbem-18291	242	27	,	,	PUNCT
fbem-18291	242	28	allowing	allow	VERB
fbem-18291	242	29	researchers	researcher	NOUN
fbem-18291	242	30	to	to	PART
fbem-18291	242	31	study	study	VERB
fbem-18291	242	32	the	the	DET
fbem-18291	242	33	effects	effect	NOUN
fbem-18291	242	34	of	of	ADP
fbem-18291	242	35	other	other	ADJ
fbem-18291	242	36	variables	variable	NOUN
fbem-18291	242	37	more	more	ADV
fbem-18291	242	38	accurately	accurately	ADV
fbem-18291	242	39	on	on	ADP
fbem-18291	242	40	the	the	DET
fbem-18291	242	41	dependent	dependent	ADJ
fbem-18291	242	42	variable	variable	NOUN
fbem-18291	242	43	.	.	PUNCT
fbem-18291	243	1	the	the	DET
fbem-18291	243	2	random	random	ADJ
fbem-18291	243	3	effects	effect	NOUN
fbem-18291	243	4	model	model	NOUN
fbem-18291	243	5	is	be	AUX
fbem-18291	243	6	also	also	ADV
fbem-18291	243	7	applicable	applicable	ADJ
fbem-18291	243	8	to	to	ADP
fbem-18291	243	9	panel	panel	NOUN
fbem-18291	243	10	data	datum	NOUN
fbem-18291	243	11	analysis	analysis	NOUN
fbem-18291	243	12	and	and	CCONJ
fbem-18291	243	13	aims	aim	VERB
fbem-18291	243	14	to	to	PART
fbem-18291	243	15	explore	explore	VERB
fbem-18291	243	16	the	the	DET
fbem-18291	243	17	relationship	relationship	NOUN
fbem-18291	243	18	between	between	ADP
fbem-18291	243	19	variables	variable	NOUN
fbem-18291	243	20	whilst	whilst	ADV
fbem-18291	243	21	also	also	ADV
fbem-18291	243	22	accounting	account	VERB
fbem-18291	243	23	for	for	ADP
fbem-18291	243	24	heterogeneity	heterogeneity	NOUN
fbem-18291	243	25	and	and	CCONJ
fbem-18291	243	26	random	random	ADJ
fbem-18291	243	27	variation	variation	NOUN
fbem-18291	243	28	between	between	ADP
fbem-18291	243	29	individuals	individual	NOUN
fbem-18291	243	30	(	(	PUNCT
fbem-18291	243	31	kumar	kumar	PROPN
fbem-18291	243	32	,	,	PUNCT
fbem-18291	243	33	2021	2021	NUM
fbem-18291	243	34	)	)	PUNCT
fbem-18291	243	35	.	.	PUNCT
fbem-18291	244	1	the	the	DET
fbem-18291	244	2	model	model	NOUN
fbem-18291	244	3	assumes	assume	VERB
fbem-18291	244	4	that	that	SCONJ
fbem-18291	244	5	an	an	DET
fbem-18291	244	6	individual	individual	NOUN
fbem-18291	244	7	’s	’s	PART
fbem-18291	244	8	utility	utility	NOUN
fbem-18291	244	9	consists	consist	VERB
fbem-18291	244	10	of	of	ADP
fbem-18291	244	11	fixed	fix	VERB
fbem-18291	244	12	utility	utility	NOUN
fbem-18291	244	13	(	(	PUNCT
fbem-18291	244	14	individual	individual	ADJ
fbem-18291	244	15	-	-	PUNCT
fbem-18291	244	16	specific	specific	ADJ
fbem-18291	244	17	characteristic	characteristic	ADJ
fbem-18291	244	18	preferences	preference	NOUN
fbem-18291	244	19	)	)	PUNCT
fbem-18291	244	20	and	and	CCONJ
fbem-18291	244	21	random	random	ADJ
fbem-18291	244	22	utility	utility	NOUN
fbem-18291	244	23	(	(	PUNCT
fbem-18291	244	24	indicating	indicate	VERB
fbem-18291	244	25	a	a	DET
fbem-18291	244	26	component	component	NOUN
fbem-18291	244	27	of	of	ADP
fbem-18291	244	28	randomness	randomness	NOUN
fbem-18291	244	29	associated	associate	VERB
fbem-18291	244	30	with	with	ADP
fbem-18291	244	31	unobservable	unobservable	ADJ
fbem-18291	244	32	factors	factor	NOUN
fbem-18291	244	33	)	)	PUNCT
fbem-18291	244	34	,	,	PUNCT
fbem-18291	244	35	and	and	CCONJ
fbem-18291	244	36	at	at	ADP
fbem-18291	244	37	the	the	DET
fbem-18291	244	38	heart	heart	NOUN
fbem-18291	244	39	of	of	ADP
fbem-18291	244	40	the	the	DET
fbem-18291	244	41	model	model	NOUN
fbem-18291	244	42	is	be	AUX
fbem-18291	244	43	the	the	DET
fbem-18291	244	44	allowance	allowance	NOUN
fbem-18291	244	45	for	for	ADP
fbem-18291	244	46	the	the	DET
fbem-18291	244	47	inter	inter	ADJ
fbem-18291	244	48	-	-	ADJ
fbem-18291	244	49	individual	individual	ADJ
fbem-18291	244	50	random	random	ADJ
fbem-18291	244	51	effects	effect	NOUN
fbem-18291	244	52	to	to	PART
fbem-18291	244	53	be	be	AUX
fbem-18291	244	54	stochastic	stochastic	ADJ
fbem-18291	244	55	,	,	PUNCT
fbem-18291	244	56	namely	namely	ADV
fbem-18291	244	57	,	,	PUNCT
fbem-18291	244	58	the	the	DET
fbem-18291	244	59	variables	variable	NOUN
fbem-18291	244	60	are	be	AUX
fbem-18291	244	61	independent	independent	ADJ
fbem-18291	244	62	of	of	ADP
fbem-18291	244	63	the	the	DET
fbem-18291	244	64	other	other	ADJ
fbem-18291	244	65	explanatory	explanatory	ADJ
fbem-18291	244	66	variables[50	variables[50	NOUN
fbem-18291	244	67	]	]	PUNCT
fbem-18291	244	68	the	the	DET
fbem-18291	244	69	mixed	mixed	ADJ
fbem-18291	244	70	ols	ol	NOUN
fbem-18291	244	71	model	model	NOUN
fbem-18291	244	72	has	have	VERB
fbem-18291	244	73	the	the	DET
fbem-18291	244	74	advantage	advantage	NOUN
fbem-18291	244	75	of	of	ADP
fbem-18291	244	76	balancing	balance	VERB
fbem-18291	244	77	fixed	fix	VERB
fbem-18291	244	78	and	and	CCONJ
fbem-18291	244	79	random	random	ADJ
fbem-18291	244	80	effects	effect	NOUN
fbem-18291	244	81	.	.	PUNCT
fbem-18291	245	1	as	as	ADP
fbem-18291	245	2	such	such	ADJ
fbem-18291	245	3	,	,	PUNCT
fbem-18291	245	4	it	it	PRON
fbem-18291	245	5	is	be	AUX
fbem-18291	245	6	suitable	suitable	ADJ
fbem-18291	245	7	for	for	ADP
fbem-18291	245	8	situations	situation	NOUN
fbem-18291	245	9	where	where	SCONJ
fbem-18291	245	10	there	there	PRON
fbem-18291	245	11	are	be	VERB
fbem-18291	245	12	fixed	fix	VERB
fbem-18291	245	13	differences	difference	NOUN
fbem-18291	245	14	between	between	ADP
fbem-18291	245	15	individuals	individual	NOUN
fbem-18291	245	16	as	as	ADV
fbem-18291	245	17	well	well	ADV
fbem-18291	245	18	as	as	ADP
fbem-18291	245	19	for	for	ADP
fbem-18291	245	20	situations	situation	NOUN
fbem-18291	245	21	where	where	SCONJ
fbem-18291	245	22	there	there	PRON
fbem-18291	245	23	is	be	VERB
fbem-18291	245	24	random	random	ADJ
fbem-18291	245	25	variation	variation	NOUN
fbem-18291	245	26	.	.	PUNCT
fbem-18291	246	1	the	the	DET
fbem-18291	246	2	model	model	NOUN
fbem-18291	246	3	not	not	PART
fbem-18291	246	4	only	only	ADV
fbem-18291	246	5	estimates	estimate	VERB
fbem-18291	246	6	the	the	DET
fbem-18291	246	7	relationship	relationship	NOUN
fbem-18291	246	8	between	between	ADP
fbem-18291	246	9	variables	variable	NOUN
fbem-18291	246	10	more	more	ADV
fbem-18291	246	11	accurately	accurately	ADV
fbem-18291	246	12	,	,	PUNCT
fbem-18291	246	13	but	but	CCONJ
fbem-18291	246	14	also	also	ADV
fbem-18291	246	15	considers	consider	VERB
fbem-18291	246	16	variation	variation	NOUN
fbem-18291	246	17	in	in	ADP
fbem-18291	246	18	the	the	DET
fbem-18291	246	19	time	time	NOUN
fbem-18291	246	20	dimension	dimension	NOUN
fbem-18291	246	21	.	.	PUNCT
fbem-18291	247	1	the	the	DET
fbem-18291	247	2	exact	exact	ADJ
fbem-18291	247	3	analytical	analytical	ADJ
fbem-18291	247	4	model	model	NOUN
fbem-18291	247	5	to	to	PART
fbem-18291	247	6	which	which	PRON
fbem-18291	247	7	the	the	DET
fbem-18291	247	8	panel	panel	NOUN
fbem-18291	247	9	data	datum	NOUN
fbem-18291	247	10	is	be	AUX
fbem-18291	247	11	applicable	applicable	ADJ
fbem-18291	247	12	requires	require	VERB
fbem-18291	247	13	relevant	relevant	ADJ
fbem-18291	247	14	tests	test	NOUN
fbem-18291	247	15	.	.	PUNCT
fbem-18291	248	1	the	the	DET
fbem-18291	248	2	first	first	ADJ
fbem-18291	248	3	test	test	NOUN
fbem-18291	248	4	for	for	ADP
fbem-18291	248	5	individual	individual	ADJ
fbem-18291	248	6	effects	effect	NOUN
fbem-18291	248	7	,	,	PUNCT
fbem-18291	248	8	which	which	PRON
fbem-18291	248	9	is	be	AUX
fbem-18291	248	10	primarily	primarily	ADV
fbem-18291	248	11	to	to	PART
fbem-18291	248	12	observe	observe	VERB
fbem-18291	248	13	the	the	DET
fbem-18291	248	14	effect	effect	NOUN
fbem-18291	248	15	of	of	ADP
fbem-18291	248	16	individual	individual	ADJ
fbem-18291	248	17	specificity	specificity	NOUN
fbem-18291	248	18	on	on	ADP
fbem-18291	248	19	the	the	DET
fbem-18291	248	20	dependent	dependent	ADJ
fbem-18291	248	21	variable	variable	NOUN
fbem-18291	248	22	,	,	PUNCT
fbem-18291	248	23	is	be	AUX
fbem-18291	248	24	the	the	DET
fbem-18291	248	25	f	f	NOUN
fbem-18291	248	26	-	-	PUNCT
fbem-18291	248	27	test	test	NOUN
fbem-18291	248	28	with	with	ADP
fbem-18291	248	29	the	the	DET
fbem-18291	248	30	original	original	ADJ
fbem-18291	248	31	hypothesis	hypothesis	NOUN
fbem-18291	248	32	that	that	PRON
fbem-18291	248	33	a	a	DET
fbem-18291	248	34	mixed	mixed	ADJ
fbem-18291	248	35	ols	ol	NOUN
fbem-18291	248	36	model	model	NOUN
fbem-18291	248	37	is	be	AUX
fbem-18291	248	38	used	use	VERB
fbem-18291	248	39	.	.	PUNCT
fbem-18291	249	1	the	the	DET
fbem-18291	249	2	results	result	NOUN
fbem-18291	249	3	of	of	ADP
fbem-18291	249	4	the	the	DET
fbem-18291	249	5	test	test	NOUN
fbem-18291	249	6	reveal	reveal	VERB
fbem-18291	249	7	that	that	SCONJ
fbem-18291	249	8	the	the	DET
fbem-18291	249	9	f	f	NOUN
fbem-18291	249	10	-	-	PUNCT
fbem-18291	249	11	value	value	NOUN
fbem-18291	249	12	is	be	AUX
fbem-18291	249	13	19.14	19.14	NUM
fbem-18291	249	14	and	and	CCONJ
fbem-18291	249	15	the	the	DET
fbem-18291	249	16	pvalue	pvalue	NOUN
fbem-18291	249	17	is	be	AUX
fbem-18291	249	18	0.0000	0.0000	NUM
fbem-18291	249	19	<	<	X
fbem-18291	249	20	0.05	0.05	NUM
fbem-18291	249	21	,	,	PUNCT
fbem-18291	249	22	therefore	therefore	ADV
fbem-18291	249	23	,	,	PUNCT
fbem-18291	249	24	the	the	DET
fbem-18291	249	25	original	original	ADJ
fbem-18291	249	26	hypothesis	hypothesis	NOUN
fbem-18291	249	27	should	should	AUX
fbem-18291	249	28	be	be	AUX
fbem-18291	249	29	rejected	reject	VERB
fbem-18291	249	30	,	,	PUNCT
fbem-18291	249	31	indicating	indicate	VERB
fbem-18291	249	32	that	that	SCONJ
fbem-18291	249	33	the	the	DET
fbem-18291	249	34	individual	individual	ADJ
fbem-18291	249	35	effect	effect	NOUN
fbem-18291	249	36	is	be	AUX
fbem-18291	249	37	significant	significant	ADJ
fbem-18291	249	38	,	,	PUNCT
fbem-18291	249	39	and	and	CCONJ
fbem-18291	249	40	it	it	PRON
fbem-18291	249	41	is	be	AUX
fbem-18291	249	42	better	well	ADJ
fbem-18291	249	43	to	to	PART
fbem-18291	249	44	choose	choose	VERB
fbem-18291	249	45	a	a	DET
fbem-18291	249	46	fixed	fix	VERB
fbem-18291	249	47	effects	effect	NOUN
fbem-18291	249	48	model	model	NOUN
fbem-18291	249	49	.	.	PUNCT
fbem-18291	250	1	this	this	PRON
fbem-18291	250	2	is	be	AUX
fbem-18291	250	3	because	because	SCONJ
fbem-18291	250	4	fixed	fix	VERB
fbem-18291	250	5	differences	difference	NOUN
fbem-18291	250	6	between	between	ADP
fbem-18291	250	7	individuals	individual	NOUN
fbem-18291	250	8	have	have	VERB
fbem-18291	250	9	a	a	DET
fbem-18291	250	10	significant	significant	ADJ
fbem-18291	250	11	effect	effect	NOUN
fbem-18291	250	12	on	on	ADP
fbem-18291	250	13	the	the	DET
fbem-18291	250	14	dependent	dependent	ADJ
fbem-18291	250	15	variable	variable	NOUN
fbem-18291	250	16	and	and	CCONJ
fbem-18291	250	17	the	the	DET
fbem-18291	250	18	differences	difference	NOUN
fbem-18291	250	19	are	be	AUX
fbem-18291	250	20	constant	constant	ADJ
fbem-18291	250	21	over	over	ADP
fbem-18291	250	22	time	time	NOUN
fbem-18291	250	23	,	,	PUNCT
fbem-18291	250	24	which	which	PRON
fbem-18291	250	25	is	be	AUX
fbem-18291	250	26	consistent	consistent	ADJ
fbem-18291	250	27	with	with	ADP
fbem-18291	250	28	the	the	DET
fbem-18291	250	29	basic	basic	ADJ
fbem-18291	250	30	assumption	assumption	NOUN
fbem-18291	250	31	of	of	ADP
fbem-18291	250	32	the	the	DET
fbem-18291	250	33	model	model	NOUN
fbem-18291	250	34	of	of	ADP
fbem-18291	250	35	fixed	fix	VERB
fbem-18291	250	36	effects	effect	NOUN
fbem-18291	250	37	,	,	PUNCT
fbem-18291	250	38	namely	namely	ADV
fbem-18291	250	39	,	,	PUNCT
fbem-18291	250	40	the	the	DET
fbem-18291	250	41	fixed	fix	VERB
fbem-18291	250	42	effects	effect	NOUN
fbem-18291	250	43	model	model	NOUN
fbem-18291	250	44	is	be	AUX
fbem-18291	250	45	better	well	ADJ
fbem-18291	250	46	at	at	ADP
fbem-18291	250	47	capturing	capture	VERB
fbem-18291	250	48	differences	difference	NOUN
fbem-18291	250	49	between	between	ADP
fbem-18291	250	50	individuals[51	individuals[51	PRON
fbem-18291	250	51	]	]	PUNCT
fbem-18291	250	52	.	.	PUNCT
fbem-18291	251	1	the	the	DET
fbem-18291	251	2	lm	lm	PROPN
fbem-18291	251	3	test	test	NOUN
fbem-18291	251	4	was	be	AUX
fbem-18291	251	5	then	then	ADV
fbem-18291	251	6	conducted	conduct	VERB
fbem-18291	251	7	with	with	ADP
fbem-18291	251	8	the	the	DET
fbem-18291	251	9	original	original	ADJ
fbem-18291	251	10	hypothesis	hypothesis	NOUN
fbem-18291	251	11	that	that	PRON
fbem-18291	251	12	a	a	DET
fbem-18291	251	13	mixed	mixed	ADJ
fbem-18291	251	14	ols	ol	NOUN
fbem-18291	251	15	model	model	NOUN
fbem-18291	251	16	was	be	AUX
fbem-18291	251	17	used	use	VERB
fbem-18291	251	18	.	.	PUNCT
fbem-18291	252	1	the	the	DET
fbem-18291	252	2	test	test	NOUN
fbem-18291	252	3	result	result	NOUN
fbem-18291	252	4	is	be	AUX
fbem-18291	252	5	chibar2(01	chibar2(01	ADJ
fbem-18291	252	6	)	)	PUNCT
fbem-18291	252	7	=	=	SYM
fbem-18291	252	8	94.67	94.67	NUM
fbem-18291	252	9	,	,	PUNCT
fbem-18291	252	10	and	and	CCONJ
fbem-18291	252	11	the	the	DET
fbem-18291	252	12	corresponding	correspond	VERB
fbem-18291	252	13	p	p	NOUN
fbem-18291	252	14	-	-	PUNCT
fbem-18291	252	15	value	value	NOUN
fbem-18291	252	16	is	be	AUX
fbem-18291	252	17	0.0000<0.05	0.0000<0.05	NOUN
fbem-18291	252	18	,	,	PUNCT
fbem-18291	252	19	thus	thus	ADV
fbem-18291	252	20	,	,	PUNCT
fbem-18291	252	21	the	the	DET
fbem-18291	252	22	original	original	ADJ
fbem-18291	252	23	hypothesis	hypothesis	NOUN
fbem-18291	252	24	is	be	AUX
fbem-18291	252	25	rejected	reject	VERB
fbem-18291	252	26	.	.	PUNCT
fbem-18291	253	1	the	the	DET
fbem-18291	253	2	results	result	NOUN
fbem-18291	253	3	indicated	indicate	VERB
fbem-18291	253	4	that	that	SCONJ
fbem-18291	253	5	the	the	DET
fbem-18291	253	6	random	random	ADJ
fbem-18291	253	7	effect	effect	NOUN
fbem-18291	253	8	was	be	AUX
fbem-18291	253	9	significant	significant	ADJ
fbem-18291	253	10	,	,	PUNCT
fbem-18291	253	11	and	and	CCONJ
fbem-18291	253	12	the	the	DET
fbem-18291	253	13	mixed	mixed	ADJ
fbem-18291	253	14	ols	ol	NOUN
fbem-18291	253	15	model	model	NOUN
fbem-18291	253	16	failed	fail	VERB
fbem-18291	253	17	to	to	PART
fbem-18291	253	18	capture	capture	VERB
fbem-18291	253	19	the	the	DET
fbem-18291	253	20	random	random	ADJ
fbem-18291	253	21	differences	difference	NOUN
fbem-18291	253	22	between	between	ADP
fbem-18291	253	23	individuals	individual	NOUN
fbem-18291	253	24	,	,	PUNCT
fbem-18291	253	25	therefore	therefore	ADV
fbem-18291	253	26	,	,	PUNCT
fbem-18291	253	27	the	the	DET
fbem-18291	253	28	random	random	ADJ
fbem-18291	253	29	effect	effect	NOUN
fbem-18291	253	30	model	model	NOUN
fbem-18291	253	31	was	be	AUX
fbem-18291	253	32	superior	superior	ADJ
fbem-18291	253	33	to	to	ADP
fbem-18291	253	34	the	the	DET
fbem-18291	253	35	ols	ol	NOUN
fbem-18291	253	36	model	model	NOUN
fbem-18291	253	37	.	.	PUNCT
fbem-18291	254	1	finally	finally	ADV
fbem-18291	254	2	,	,	PUNCT
fbem-18291	254	3	hausman	hausman	PROPN
fbem-18291	254	4	’s	’s	PART
fbem-18291	254	5	test	test	NOUN
fbem-18291	254	6	was	be	AUX
fbem-18291	254	7	conducted	conduct	VERB
fbem-18291	254	8	on	on	ADP
fbem-18291	254	9	the	the	DET
fbem-18291	254	10	data	datum	NOUN
fbem-18291	254	11	and	and	CCONJ
fbem-18291	254	12	the	the	DET
fbem-18291	254	13	original	original	ADJ
fbem-18291	254	14	hypothesis	hypothesis	NOUN
fbem-18291	254	15	was	be	AUX
fbem-18291	254	16	that	that	SCONJ
fbem-18291	254	17	the	the	DET
fbem-18291	254	18	random	random	ADJ
fbem-18291	254	19	effects	effect	NOUN
fbem-18291	254	20	are	be	AUX
fbem-18291	254	21	not	not	PART
fbem-18291	254	22	correlated	correlate	VERB
fbem-18291	254	23	with	with	ADP
fbem-18291	254	24	the	the	DET
fbem-18291	254	25	explanatory	explanatory	ADJ
fbem-18291	254	26	variables	variable	NOUN
fbem-18291	254	27	and	and	CCONJ
fbem-18291	254	28	the	the	DET
fbem-18291	254	29	random	random	ADJ
fbem-18291	254	30	utility	utility	NOUN
fbem-18291	254	31	model	model	NOUN
fbem-18291	254	32	should	should	AUX
fbem-18291	254	33	be	be	AUX
fbem-18291	254	34	used	use	VERB
fbem-18291	254	35	.	.	PUNCT
fbem-18291	255	1	the	the	DET
fbem-18291	255	2	result	result	NOUN
fbem-18291	255	3	of	of	ADP
fbem-18291	255	4	the	the	DET
fbem-18291	255	5	test	test	NOUN
fbem-18291	255	6	is	be	AUX
fbem-18291	255	7	chi2	chi2	NOUN
fbem-18291	255	8	(	(	PUNCT
fbem-18291	255	9	7	7	NUM
fbem-18291	255	10	)	)	PUNCT
fbem-18291	255	11	=	=	SYM
fbem-18291	255	12	(	(	PUNCT
fbem-18291	255	13	bb)’[(v_b	bb)’[(v_b	VERB
fbem-18291	255	14	-	-	PUNCT
fbem-18291	255	15	v_b	v_b	NUM
fbem-18291	255	16	)	)	PUNCT
fbem-18291	255	17	^(-1)](b	^(-1)](b	NOUN
fbem-18291	255	18	-	-	PUNCT
fbem-18291	255	19	b	b	NOUN
fbem-18291	255	20	)	)	PUNCT
fbem-18291	255	21	=	=	SYM
fbem-18291	255	22	6.46	6.46	NUM
fbem-18291	255	23	,	,	PUNCT
fbem-18291	255	24	prob	prob	NOUN
fbem-18291	255	25	>	>	X
fbem-18291	255	26	chi2	chi2	PROPN
fbem-18291	255	27	=	=	PROPN
fbem-18291	255	28	0.487	0.487	NUM
fbem-18291	255	29	,	,	PUNCT
fbem-18291	255	30	which	which	PRON
fbem-18291	255	31	proves	prove	VERB
fbem-18291	255	32	that	that	SCONJ
fbem-18291	255	33	the	the	DET
fbem-18291	255	34	original	original	ADJ
fbem-18291	255	35	hypothesis	hypothesis	NOUN
fbem-18291	255	36	should	should	AUX
fbem-18291	255	37	be	be	AUX
fbem-18291	255	38	accepted	accept	VERB
fbem-18291	255	39	and	and	CCONJ
fbem-18291	255	40	that	that	SCONJ
fbem-18291	255	41	the	the	DET
fbem-18291	255	42	random	random	ADJ
fbem-18291	255	43	-	-	PUNCT
fbem-18291	255	44	effects	effect	NOUN
fbem-18291	255	45	model	model	NOUN
fbem-18291	255	46	is	be	AUX
fbem-18291	255	47	superior	superior	ADJ
fbem-18291	255	48	to	to	ADP
fbem-18291	255	49	the	the	DET
fbem-18291	255	50	fixedeffects	fixedeffect	NOUN
fbem-18291	255	51	model[52	model[52	NOUN
fbem-18291	255	52	]	]	PUNCT
fbem-18291	255	53	.	.	PUNCT
fbem-18291	256	1	however	however	ADV
fbem-18291	256	2	,	,	PUNCT
fbem-18291	256	3	since	since	SCONJ
fbem-18291	256	4	the	the	DET
fbem-18291	256	5	results	result	NOUN
fbem-18291	256	6	of	of	ADP
fbem-18291	256	7	hausman	hausman	ADJ
fbem-18291	256	8	test	test	NOUN
fbem-18291	256	9	are	be	AUX
fbem-18291	256	10	affected	affect	VERB
fbem-18291	256	11	by	by	ADP
fbem-18291	256	12	serial	serial	ADJ
fbem-18291	256	13	correlation	correlation	NOUN
fbem-18291	256	14	and	and	CCONJ
fbem-18291	256	15	heteroscedasticity	heteroscedasticity	NOUN
fbem-18291	256	16	of	of	ADP
fbem-18291	256	17	the	the	DET
fbem-18291	256	18	model	model	NOUN
fbem-18291	256	19	,	,	PUNCT
fbem-18291	256	20	serial	serial	ADJ
fbem-18291	256	21	correlation	correlation	NOUN
fbem-18291	256	22	and	and	CCONJ
fbem-18291	256	23	heteroscedasticity	heteroscedasticity	NOUN
fbem-18291	256	24	tests	test	NOUN
fbem-18291	256	25	need	need	VERB
fbem-18291	256	26	to	to	PART
fbem-18291	256	27	be	be	AUX
fbem-18291	256	28	performed	perform	VERB
fbem-18291	256	29	in	in	ADP
fbem-18291	256	30	.	.	PUNCT
fbem-18291	257	1	the	the	DET
fbem-18291	257	2	reasons	reason	NOUN
fbem-18291	257	3	are	be	AUX
fbem-18291	257	4	that	that	SCONJ
fbem-18291	257	5	when	when	SCONJ
fbem-18291	257	6	there	there	PRON
fbem-18291	257	7	is	be	VERB
fbem-18291	257	8	serial	serial	ADJ
fbem-18291	257	9	correlation	correlation	NOUN
fbem-18291	257	10	in	in	ADP
fbem-18291	257	11	the	the	DET
fbem-18291	257	12	panel	panel	NOUN
fbem-18291	257	13	data	datum	NOUN
fbem-18291	257	14	,	,	PUNCT
fbem-18291	257	15	the	the	DET
fbem-18291	257	16	random	random	ADJ
fbem-18291	257	17	error	error	NOUN
fbem-18291	257	18	term	term	NOUN
fbem-18291	257	19	is	be	AUX
fbem-18291	257	20	correlated	correlate	VERB
fbem-18291	257	21	in	in	ADP
fbem-18291	257	22	time	time	NOUN
fbem-18291	257	23	,	,	PUNCT
fbem-18291	257	24	which	which	PRON
fbem-18291	257	25	may	may	AUX
fbem-18291	257	26	make	make	VERB
fbem-18291	257	27	the	the	DET
fbem-18291	257	28	random	random	ADJ
fbem-18291	257	29	effect	effect	NOUN
fbem-18291	257	30	and	and	CCONJ
fbem-18291	257	31	the	the	DET
fbem-18291	257	32	explanatory	explanatory	ADJ
fbem-18291	257	33	variables	variable	NOUN
fbem-18291	257	34	correlated	correlate	VERB
fbem-18291	257	35	,	,	PUNCT
fbem-18291	257	36	thus	thus	ADV
fbem-18291	257	37	violating	violate	VERB
fbem-18291	257	38	the	the	DET
fbem-18291	257	39	assumption	assumption	NOUN
fbem-18291	257	40	that	that	SCONJ
fbem-18291	257	41	the	the	DET
fbem-18291	257	42	random	random	ADJ
fbem-18291	257	43	effect	effect	NOUN
fbem-18291	257	44	and	and	CCONJ
fbem-18291	257	45	the	the	DET
fbem-18291	257	46	explanatory	explanatory	ADJ
fbem-18291	257	47	variables	variable	NOUN
fbem-18291	257	48	are	be	AUX
fbem-18291	257	49	uncorrelated	uncorrelate	VERB
fbem-18291	257	50	,	,	PUNCT
fbem-18291	257	51	leading	lead	VERB
fbem-18291	257	52	to	to	ADP
fbem-18291	257	53	inaccurate	inaccurate	ADJ
fbem-18291	257	54	hausman	hausman	ADJ
fbem-18291	257	55	test	test	NOUN
fbem-18291	257	56	results	result	NOUN
fbem-18291	257	57	.	.	PUNCT
fbem-18291	258	1	secondly	secondly	ADV
fbem-18291	258	2	,	,	PUNCT
fbem-18291	258	3	heteroscedasticity	heteroscedasticity	NOUN
fbem-18291	258	4	may	may	AUX
fbem-18291	258	5	cause	cause	VERB
fbem-18291	258	6	the	the	DET
fbem-18291	258	7	variance	variance	NOUN
fbem-18291	258	8	of	of	ADP
fbem-18291	258	9	the	the	DET
fbem-18291	258	10	random	random	ADJ
fbem-18291	258	11	error	error	NOUN
fbem-18291	258	12	term	term	NOUN
fbem-18291	258	13	not	not	PART
fbem-18291	258	14	to	to	PART
fbem-18291	258	15	be	be	AUX
fbem-18291	258	16	constant	constant	ADJ
fbem-18291	258	17	across	across	ADP
fbem-18291	258	18	individuals	individual	NOUN
fbem-18291	258	19	or	or	CCONJ
fbem-18291	258	20	time	time	NOUN
fbem-18291	258	21	periods	period	NOUN
fbem-18291	258	22	,	,	PUNCT
fbem-18291	258	23	which	which	PRON
fbem-18291	258	24	may	may	AUX
fbem-18291	258	25	also	also	ADV
fbem-18291	258	26	undermine	undermine	VERB
fbem-18291	258	27	the	the	DET
fbem-18291	258	28	assumption	assumption	NOUN
fbem-18291	258	29	that	that	SCONJ
fbem-18291	258	30	‘	'	PUNCT
fbem-18291	258	31	the	the	DET
fbem-18291	258	32	random	random	ADJ
fbem-18291	258	33	effects	effect	NOUN
fbem-18291	258	34	are	be	AUX
fbem-18291	258	35	not	not	PART
fbem-18291	258	36	correlated	correlate	VERB
fbem-18291	258	37	with	with	ADP
fbem-18291	258	38	the	the	DET
fbem-18291	258	39	explanatory	explanatory	ADJ
fbem-18291	258	40	variables	variable	NOUN
fbem-18291	258	41	’	'	PUNCT
fbem-18291	258	42	,	,	PUNCT
fbem-18291	258	43	thus	thus	ADV
fbem-18291	258	44	affecting	affect	VERB
fbem-18291	258	45	the	the	DET
fbem-18291	258	46	reliability	reliability	NOUN
fbem-18291	258	47	of	of	ADP
fbem-18291	258	48	the	the	DET
fbem-18291	258	49	hausman	hausman	ADJ
fbem-18291	258	50	test	test	NOUN
fbem-18291	258	51	.	.	PUNCT
fbem-18291	259	1	291	291	NUM
fbem-18291	259	2	the	the	DET
fbem-18291	259	3	results	result	NOUN
fbem-18291	259	4	in	in	ADP
fbem-18291	259	5	table	table	NOUN
fbem-18291	259	6	4	4	NUM
fbem-18291	259	7	-	-	SYM
fbem-18291	259	8	2	2	NUM
fbem-18291	259	9	demonstrate	demonstrate	NOUN
fbem-18291	259	10	that	that	SCONJ
fbem-18291	259	11	the	the	DET
fbem-18291	259	12	presence	presence	NOUN
fbem-18291	259	13	of	of	ADP
fbem-18291	259	14	serial	serial	ADJ
fbem-18291	259	15	correlation	correlation	NOUN
fbem-18291	259	16	and	and	CCONJ
fbem-18291	259	17	heteroskedasticity	heteroskedasticity	NOUN
fbem-18291	259	18	can	can	AUX
fbem-18291	259	19	affect	affect	VERB
fbem-18291	259	20	the	the	DET
fbem-18291	259	21	results	result	NOUN
fbem-18291	259	22	of	of	ADP
fbem-18291	259	23	the	the	DET
fbem-18291	259	24	hausman	hausman	ADJ
fbem-18291	259	25	test	test	NOUN
fbem-18291	259	26	.	.	PUNCT
fbem-18291	260	1	table	table	NOUN
fbem-18291	260	2	4	4	NUM
fbem-18291	260	3	-	-	SYM
fbem-18291	260	4	2	2	NUM
fbem-18291	260	5	.	.	PUNCT
fbem-18291	260	6	sequence	sequence	NOUN
fbem-18291	260	7	correlation	correlation	NOUN
fbem-18291	260	8	and	and	CCONJ
fbem-18291	260	9	heteroscedasticity	heteroscedasticity	NOUN
fbem-18291	260	10	tests	test	VERB
fbem-18291	260	11	f	f	X
fbem-18291	260	12	-	-	PUNCT
fbem-18291	260	13	number	number	NOUN
fbem-18291	260	14	and	and	CCONJ
fbem-18291	260	15	significance	significance	NOUN
fbem-18291	260	16	result	result	VERB
fbem-18291	260	17	sequence	sequence	NOUN
fbem-18291	260	18	correlation	correlation	NOUN
fbem-18291	260	19	f(1,17)=31.972	f(1,17)=31.972	X
fbem-18291	260	20	prob	prob	NOUN
fbem-18291	260	21	>	>	X
fbem-18291	260	22	f=0.000	f=0.000	X
fbem-18291	260	23	rejecting	reject	VERB
fbem-18291	260	24	null	null	ADJ
fbem-18291	260	25	hypothesis	hypothesis	NOUN
fbem-18291	260	26	,	,	PUNCT
fbem-18291	260	27	sequence	sequence	NOUN
fbem-18291	260	28	correlation	correlation	NOUN
fbem-18291	260	29	exists	exist	VERB
fbem-18291	260	30	heteroscedasticity	heteroscedasticity	NOUN
fbem-18291	260	31	chi2(01)=94.67	chi2(01)=94.67	PROPN
fbem-18291	260	32	prob	prob	PROPN
fbem-18291	260	33	>	>	PUNCT
fbem-18291	260	34	chibar2	chibar2	X
fbem-18291	261	1	=	=	SYM
fbem-18291	261	2	0.0000	0.0000	NUM
fbem-18291	261	3	reject	reject	VERB
fbem-18291	261	4	null	null	ADJ
fbem-18291	261	5	hypothesis	hypothesis	NOUN
fbem-18291	261	6	,	,	PUNCT
fbem-18291	261	7	heteroscedasticity	heteroscedasticity	NOUN
fbem-18291	261	8	exists	exist	VERB
fbem-18291	261	9	the	the	DET
fbem-18291	261	10	presence	presence	NOUN
fbem-18291	261	11	of	of	ADP
fbem-18291	261	12	serial	serial	ADJ
fbem-18291	261	13	correlation	correlation	NOUN
fbem-18291	261	14	and	and	CCONJ
fbem-18291	261	15	heteroskedasticity	heteroskedasticity	NOUN
fbem-18291	261	16	interferes	interfere	VERB
fbem-18291	261	17	with	with	ADP
fbem-18291	261	18	the	the	DET
fbem-18291	261	19	results	result	NOUN
fbem-18291	261	20	of	of	ADP
fbem-18291	261	21	the	the	DET
fbem-18291	261	22	classical	classical	ADJ
fbem-18291	261	23	hausman	hausman	ADJ
fbem-18291	261	24	test	test	NOUN
fbem-18291	261	25	,	,	PUNCT
fbem-18291	261	26	whereas	whereas	SCONJ
fbem-18291	261	27	the	the	DET
fbem-18291	261	28	use	use	NOUN
fbem-18291	261	29	of	of	ADP
fbem-18291	261	30	the	the	DET
fbem-18291	261	31	robust	robust	ADJ
fbem-18291	261	32	hausman	hausman	ADJ
fbem-18291	261	33	test	test	NOUN
fbem-18291	261	34	removes	remove	VERB
fbem-18291	261	35	the	the	DET
fbem-18291	261	36	effect	effect	NOUN
fbem-18291	261	37	of	of	ADP
fbem-18291	261	38	serial	serial	ADJ
fbem-18291	261	39	correlation	correlation	NOUN
fbem-18291	261	40	and	and	CCONJ
fbem-18291	261	41	heteroskedasticity	heteroskedasticity	NOUN
fbem-18291	261	42	on	on	ADP
fbem-18291	261	43	the	the	DET
fbem-18291	261	44	data	datum	NOUN
fbem-18291	261	45	as	as	SCONJ
fbem-18291	261	46	it	it	PRON
fbem-18291	261	47	is	be	AUX
fbem-18291	261	48	an	an	DET
fbem-18291	261	49	improvement	improvement	NOUN
fbem-18291	261	50	on	on	ADP
fbem-18291	261	51	the	the	DET
fbem-18291	261	52	hausman	hausman	ADJ
fbem-18291	261	53	test	test	NOUN
fbem-18291	261	54	by	by	ADP
fbem-18291	261	55	considering	consider	VERB
fbem-18291	261	56	the	the	DET
fbem-18291	261	57	variance	variance	NOUN
fbem-18291	261	58	-	-	PUNCT
fbem-18291	261	59	covariance	covariance	NOUN
fbem-18291	261	60	matrix	matrix	NOUN
fbem-18291	261	61	of	of	ADP
fbem-18291	261	62	the	the	DET
fbem-18291	261	63	parameter	parameter	NOUN
fbem-18291	261	64	estimates	estimate	NOUN
fbem-18291	261	65	which	which	PRON
fbem-18291	261	66	in	in	ADP
fbem-18291	261	67	turn	turn	NOUN
fbem-18291	261	68	reduces	reduce	VERB
fbem-18291	261	69	the	the	DET
fbem-18291	261	70	reliance	reliance	NOUN
fbem-18291	261	71	on	on	ADP
fbem-18291	261	72	the	the	DET
fbem-18291	261	73	model	model	NOUN
fbem-18291	261	74	assumptions	assumption	NOUN
fbem-18291	261	75	.	.	PUNCT
fbem-18291	262	1	the	the	DET
fbem-18291	262	2	results	result	NOUN
fbem-18291	262	3	of	of	ADP
fbem-18291	262	4	the	the	DET
fbem-18291	262	5	robust	robust	ADJ
fbem-18291	262	6	hausman	hausman	ADJ
fbem-18291	262	7	test	test	NOUN
fbem-18291	262	8	are	be	AUX
fbem-18291	262	9	as	as	SCONJ
fbem-18291	262	10	follows	follow	VERB
fbem-18291	262	11	;	;	PUNCT
fbem-18291	262	12	f	f	X
fbem-18291	262	13	(	(	PUNCT
fbem-18291	262	14	17,155)=7.52	17,155)=7.52	NUM
fbem-18291	262	15	,	,	PUNCT
fbem-18291	262	16	prob	prob	NOUN
fbem-18291	262	17	>	>	X
fbem-18291	262	18	f=0.0000	f=0.0000	PROPN
fbem-18291	262	19	,	,	PUNCT
fbem-18291	262	20	the	the	DET
fbem-18291	262	21	original	original	ADJ
fbem-18291	262	22	hypothesis	hypothesis	NOUN
fbem-18291	262	23	is	be	AUX
fbem-18291	262	24	rejected	reject	VERB
fbem-18291	262	25	and	and	CCONJ
fbem-18291	262	26	therefore	therefore	ADV
fbem-18291	262	27	the	the	DET
fbem-18291	262	28	fixed	fix	VERB
fbem-18291	262	29	effects	effect	NOUN
fbem-18291	262	30	model	model	NOUN
fbem-18291	262	31	can	can	AUX
fbem-18291	262	32	be	be	AUX
fbem-18291	262	33	used[53	used[53	NOUN
fbem-18291	262	34	]	]	X
fbem-18291	262	35	.	.	PUNCT
fbem-18291	263	1	4.3	4.3	NUM
fbem-18291	263	2	.	.	PUNCT
fbem-18291	263	3	model	model	NOUN
fbem-18291	263	4	construction	construction	NOUN
fbem-18291	263	5	1	1	NUM
fbem-18291	263	6	.	.	PUNCT
fbem-18291	263	7	to	to	PART
fbem-18291	263	8	study	study	VERB
fbem-18291	263	9	the	the	DET
fbem-18291	263	10	impact	impact	NOUN
fbem-18291	263	11	of	of	ADP
fbem-18291	263	12	fintech	fintech	NOUN
fbem-18291	263	13	development	development	NOUN
fbem-18291	263	14	on	on	ADP
fbem-18291	263	15	the	the	DET
fbem-18291	263	16	liquidity	liquidity	NOUN
fbem-18291	263	17	of	of	ADP
fbem-18291	263	18	commercial	commercial	ADJ
fbem-18291	263	19	banks	bank	NOUN
fbem-18291	263	20	,	,	PUNCT
fbem-18291	263	21	this	this	DET
fbem-18291	263	22	paper	paper	NOUN
fbem-18291	263	23	constructs	construct	VERB
fbem-18291	263	24	the	the	DET
fbem-18291	263	25	following	follow	VERB
fbem-18291	263	26	econometric	econometric	ADJ
fbem-18291	263	27	model	model	NOUN
fbem-18291	263	28	4	4	NUM
fbem-18291	263	29	-	-	SYM
fbem-18291	263	30	1	1	NUM
fbem-18291	263	31	according	accord	VERB
fbem-18291	263	32	to	to	ADP
fbem-18291	263	33	the	the	DET
fbem-18291	263	34	hypothesis	hypothesis	NOUN
fbem-18291	263	35	:	:	PUNCT
fbem-18291	263	36	𝐿𝑅	𝐿𝑅	PROPN
fbem-18291	263	37	𝛼	𝛼	NOUN
fbem-18291	263	38	𝛼	𝛼	NOUN
fbem-18291	263	39	𝐹𝐼	𝐹𝐼	PROPN
fbem-18291	263	40	𝛼	𝛼	NOUN
fbem-18291	263	41	𝐿𝑛𝑠𝑖𝑧𝑒	𝐿𝑛𝑠𝑖𝑧𝑒	PROPN
fbem-18291	263	42	𝛼	𝛼	INTJ
fbem-18291	263	43	𝐶𝐴𝑅	𝐶𝐴𝑅	PROPN
fbem-18291	263	44	𝛼	𝛼	INTJ
fbem-18291	263	45	𝑁𝑃𝐿	𝑁𝑃𝐿	PROPN
fbem-18291	263	46	𝛼	𝛼	ADP
fbem-18291	263	47	𝐶𝐼𝑅	𝐶𝐼𝑅	PROPN
fbem-18291	263	48	𝛼	𝛼	PROPN
fbem-18291	263	49	𝑀2	𝑀2	PROPN
fbem-18291	263	50	𝛼	𝛼	PROPN
fbem-18291	263	51	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-18291	263	52	𝜀	𝜀	X
fbem-18291	263	53	(	(	PUNCT
fbem-18291	263	54	4	4	NUM
fbem-18291	263	55	-	-	SYM
fbem-18291	263	56	1	1	NUM
fbem-18291	263	57	)	)	PUNCT
fbem-18291	263	58	in	in	ADP
fbem-18291	263	59	equation	equation	NOUN
fbem-18291	263	60	4	4	NUM
fbem-18291	263	61	-	-	SYM
fbem-18291	263	62	1	1	NUM
fbem-18291	263	63	,	,	PUNCT
fbem-18291	263	64	liquidity	liquidity	NOUN
fbem-18291	263	65	ratio	ratio	NOUN
fbem-18291	263	66	(	(	PUNCT
fbem-18291	263	67	lr	lr	NOUN
fbem-18291	263	68	)	)	PUNCT
fbem-18291	263	69	is	be	AUX
fbem-18291	263	70	the	the	DET
fbem-18291	263	71	explanatory	explanatory	ADJ
fbem-18291	263	72	variable	variable	ADJ
fbem-18291	263	73	and	and	CCONJ
fbem-18291	263	74	fintech	fintech	NOUN
fbem-18291	263	75	index	index	NOUN
fbem-18291	263	76	(	(	PUNCT
fbem-18291	263	77	fi	fi	NOUN
fbem-18291	263	78	)	)	PUNCT
fbem-18291	263	79	is	be	AUX
fbem-18291	263	80	the	the	DET
fbem-18291	263	81	core	core	ADJ
fbem-18291	263	82	explanatory	explanatory	ADJ
fbem-18291	263	83	variable	variable	NOUN
fbem-18291	263	84	.	.	PUNCT
fbem-18291	264	1	the	the	DET
fbem-18291	264	2	logarithm	logarithm	NOUN
fbem-18291	264	3	of	of	ADP
fbem-18291	264	4	total	total	ADJ
fbem-18291	264	5	bank	bank	NOUN
fbem-18291	264	6	assets	asset	NOUN
fbem-18291	264	7	(	(	PUNCT
fbem-18291	264	8	lnsize	lnsize	NOUN
fbem-18291	264	9	)	)	PUNCT
fbem-18291	264	10	,	,	PUNCT
fbem-18291	264	11	capital	capital	NOUN
fbem-18291	264	12	adequacy	adequacy	NOUN
fbem-18291	264	13	ratio	ratio	NOUN
fbem-18291	264	14	(	(	PUNCT
fbem-18291	264	15	car	car	NOUN
fbem-18291	264	16	)	)	PUNCT
fbem-18291	264	17	,	,	PUNCT
fbem-18291	264	18	non	non	ADJ
fbem-18291	264	19	-	-	ADJ
fbem-18291	264	20	performing	perform	VERB
fbem-18291	264	21	loan	loan	NOUN
fbem-18291	264	22	ratio	ratio	NOUN
fbem-18291	264	23	(	(	PUNCT
fbem-18291	264	24	npl	npl	PROPN
fbem-18291	264	25	)	)	PUNCT
fbem-18291	264	26	,	,	PUNCT
fbem-18291	264	27	cost	cost	NOUN
fbem-18291	264	28	-	-	PUNCT
fbem-18291	264	29	to	to	ADP
fbem-18291	264	30	-	-	PUNCT
fbem-18291	264	31	income	income	NOUN
fbem-18291	264	32	ratio	ratio	NOUN
fbem-18291	264	33	(	(	PUNCT
fbem-18291	264	34	cir	cir	NOUN
fbem-18291	264	35	)	)	PUNCT
fbem-18291	264	36	,	,	PUNCT
fbem-18291	264	37	m2	m2	PROPN
fbem-18291	264	38	growth	growth	NOUN
fbem-18291	264	39	rate	rate	NOUN
fbem-18291	264	40	and	and	CCONJ
fbem-18291	264	41	gdp	gdp	NOUN
fbem-18291	264	42	growth	growth	NOUN
fbem-18291	264	43	rate	rate	NOUN
fbem-18291	264	44	are	be	AUX
fbem-18291	264	45	control	control	NOUN
fbem-18291	264	46	variables	variable	NOUN
fbem-18291	264	47	.	.	PUNCT
fbem-18291	265	1	𝛼	𝛼	PROPN
fbem-18291	265	2	is	be	AUX
fbem-18291	265	3	the	the	DET
fbem-18291	265	4	fundamental	fundamental	ADJ
fbem-18291	265	5	constant	constant	ADJ
fbem-18291	265	6	term	term	NOUN
fbem-18291	265	7	,	,	PUNCT
fbem-18291	265	8	𝜀	𝜀	PROPN
fbem-18291	265	9	is	be	AUX
fbem-18291	265	10	the	the	DET
fbem-18291	265	11	random	random	ADJ
fbem-18291	265	12	error	error	NOUN
fbem-18291	265	13	term	term	NOUN
fbem-18291	265	14	,	,	PUNCT
fbem-18291	265	15	𝛼	𝛼	X
fbem-18291	265	16	(	(	PUNCT
fbem-18291	265	17	i=1,2,3	i=1,2,3	X
fbem-18291	265	18	…	…	PUNCT
fbem-18291	265	19	)	)	PUNCT
fbem-18291	265	20	represents	represent	VERB
fbem-18291	265	21	the	the	DET
fbem-18291	265	22	regression	regression	NOUN
fbem-18291	265	23	coefficients	coefficient	NOUN
fbem-18291	265	24	corresponding	correspond	VERB
fbem-18291	265	25	to	to	ADP
fbem-18291	265	26	the	the	DET
fbem-18291	265	27	respective	respective	ADJ
fbem-18291	265	28	variables	variable	NOUN
fbem-18291	265	29	,	,	PUNCT
fbem-18291	265	30	𝐿𝑅	𝐿𝑅	PROPN
fbem-18291	265	31	can	can	AUX
fbem-18291	265	32	be	be	AUX
fbem-18291	265	33	interpreted	interpret	VERB
fbem-18291	265	34	as	as	ADP
fbem-18291	265	35	the	the	DET
fbem-18291	265	36	regression	regression	NOUN
fbem-18291	265	37	coefficient	coefficient	NOUN
fbem-18291	265	38	of	of	ADP
fbem-18291	265	39	bank	bank	PROPN
fbem-18291	265	40	i	i	PRON
fbem-18291	265	41	in	in	ADP
fbem-18291	265	42	year	year	NOUN
fbem-18291	265	43	t	t	PROPN
fbem-18291	265	44	,	,	PUNCT
fbem-18291	265	45	and	and	CCONJ
fbem-18291	265	46	the	the	DET
fbem-18291	265	47	others	other	NOUN
fbem-18291	265	48	are	be	AUX
fbem-18291	265	49	the	the	DET
fbem-18291	265	50	same[54	same[54	NOUN
fbem-18291	265	51	]	]	X
fbem-18291	265	52	2	2	X
fbem-18291	265	53	.	.	X
fbem-18291	265	54	fintech	fintech	NOUN
fbem-18291	265	55	may	may	AUX
fbem-18291	265	56	affect	affect	VERB
fbem-18291	265	57	commercial	commercial	ADJ
fbem-18291	265	58	banks	bank	NOUN
fbem-18291	265	59	through	through	ADP
fbem-18291	265	60	different	different	ADJ
fbem-18291	265	61	channels	channel	NOUN
fbem-18291	265	62	.	.	PUNCT
fbem-18291	266	1	according	accord	VERB
fbem-18291	266	2	to	to	ADP
fbem-18291	266	3	the	the	DET
fbem-18291	266	4	aforementioned	aforementioned	ADJ
fbem-18291	266	5	hypothesis	hypothesis	NOUN
fbem-18291	266	6	2	2	NUM
fbem-18291	266	7	,	,	PUNCT
fbem-18291	266	8	this	this	DET
fbem-18291	266	9	paper	paper	NOUN
fbem-18291	266	10	needs	need	VERB
fbem-18291	266	11	to	to	PART
fbem-18291	266	12	take	take	VERB
fbem-18291	266	13	the	the	DET
fbem-18291	266	14	intermediation	intermediation	NOUN
fbem-18291	266	15	effect	effect	NOUN
fbem-18291	266	16	model	model	NOUN
fbem-18291	266	17	for	for	ADP
fbem-18291	266	18	testing	testing	NOUN
fbem-18291	266	19	,	,	PUNCT
fbem-18291	266	20	introducing	introduce	VERB
fbem-18291	266	21	nim	nim	PROPN
fbem-18291	266	22	and	and	CCONJ
fbem-18291	266	23	nir	nir	NOUN
fbem-18291	266	24	as	as	ADP
fbem-18291	266	25	intermediary	intermediary	ADJ
fbem-18291	266	26	variables	variable	NOUN
fbem-18291	266	27	for	for	ADP
fbem-18291	266	28	empirical	empirical	ADJ
fbem-18291	266	29	testing[55	testing[55	NOUN
fbem-18291	266	30	]	]	X
fbem-18291	266	31	the	the	DET
fbem-18291	266	32	mediation	mediation	NOUN
fbem-18291	266	33	effect	effect	NOUN
fbem-18291	266	34	was	be	AUX
fbem-18291	266	35	first	first	ADV
fbem-18291	266	36	proposed	propose	VERB
fbem-18291	266	37	by	by	ADP
fbem-18291	266	38	donald	donald	PROPN
fbem-18291	266	39	t.	t.	PROPN
fbem-18291	266	40	campbell	campbell	PROPN
fbem-18291	266	41	in	in	ADP
fbem-18291	266	42	1960	1960	NUM
fbem-18291	266	43	.	.	PUNCT
fbem-18291	267	1	its	its	PRON
fbem-18291	267	2	primary	primary	ADJ
fbem-18291	267	3	role	role	NOUN
fbem-18291	267	4	is	be	AUX
fbem-18291	267	5	to	to	PART
fbem-18291	267	6	help	help	VERB
fbem-18291	267	7	experimentalists	experimentalist	NOUN
fbem-18291	267	8	understand	understand	VERB
fbem-18291	267	9	how	how	SCONJ
fbem-18291	267	10	the	the	DET
fbem-18291	267	11	effect	effect	NOUN
fbem-18291	267	12	of	of	ADP
fbem-18291	267	13	the	the	DET
fbem-18291	267	14	independent	independent	ADJ
fbem-18291	267	15	variable	variable	NOUN
fbem-18291	267	16	on	on	ADP
fbem-18291	267	17	the	the	DET
fbem-18291	267	18	dependent	dependent	ADJ
fbem-18291	267	19	variable	variable	NOUN
fbem-18291	267	20	is	be	AUX
fbem-18291	267	21	transmitted	transmit	VERB
fbem-18291	267	22	through	through	ADP
fbem-18291	267	23	the	the	DET
fbem-18291	267	24	mediating	mediate	VERB
fbem-18291	267	25	variable	variable	NOUN
fbem-18291	267	26	[	[	X
fbem-18291	267	27	56	56	NUM
fbem-18291	267	28	]	]	PUNCT
fbem-18291	267	29	.	.	PUNCT
fbem-18291	268	1	more	more	ADV
fbem-18291	268	2	specifically	specifically	ADV
fbem-18291	268	3	,	,	PUNCT
fbem-18291	268	4	the	the	DET
fbem-18291	268	5	causes	cause	NOUN
fbem-18291	268	6	and	and	CCONJ
fbem-18291	268	7	course	course	NOUN
fbem-18291	268	8	of	of	ADP
fbem-18291	268	9	action	action	NOUN
fbem-18291	268	10	of	of	ADP
fbem-18291	268	11	a	a	DET
fbem-18291	268	12	phenomenon	phenomenon	NOUN
fbem-18291	268	13	can	can	AUX
fbem-18291	268	14	be	be	AUX
fbem-18291	268	15	understood	understand	VERB
fbem-18291	268	16	by	by	ADP
fbem-18291	268	17	tapping	tap	VERB
fbem-18291	268	18	into	into	ADP
fbem-18291	268	19	the	the	DET
fbem-18291	268	20	mechanisms	mechanism	NOUN
fbem-18291	268	21	behind	behind	ADP
fbem-18291	268	22	the	the	DET
fbem-18291	268	23	variables	variable	NOUN
fbem-18291	268	24	.	.	PUNCT
fbem-18291	269	1	this	this	PRON
fbem-18291	269	2	means	mean	VERB
fbem-18291	269	3	that	that	SCONJ
fbem-18291	269	4	mediated	mediate	VERB
fbem-18291	269	5	effects	effect	NOUN
fbem-18291	269	6	modelling	modelling	NOUN
fbem-18291	269	7	can	can	AUX
fbem-18291	269	8	be	be	AUX
fbem-18291	269	9	used	use	VERB
fbem-18291	269	10	to	to	PART
fbem-18291	269	11	develop	develop	VERB
fbem-18291	269	12	interventions	intervention	NOUN
fbem-18291	269	13	and	and	CCONJ
fbem-18291	269	14	ameliorate	ameliorate	VERB
fbem-18291	269	15	particular	particular	ADJ
fbem-18291	269	16	problems	problem	NOUN
fbem-18291	269	17	or	or	CCONJ
fbem-18291	269	18	situations	situation	NOUN
fbem-18291	269	19	.	.	PUNCT
fbem-18291	270	1	there	there	PRON
fbem-18291	270	2	is	be	VERB
fbem-18291	270	3	a	a	DET
fbem-18291	270	4	wealth	wealth	NOUN
fbem-18291	270	5	of	of	ADP
fbem-18291	270	6	empirical	empirical	ADJ
fbem-18291	270	7	analyses	analysis	NOUN
fbem-18291	270	8	around	around	ADP
fbem-18291	270	9	the	the	DET
fbem-18291	270	10	world	world	NOUN
fbem-18291	270	11	that	that	PRON
fbem-18291	270	12	use	use	VERB
fbem-18291	270	13	mediated	mediate	VERB
fbem-18291	270	14	effects	effect	NOUN
fbem-18291	270	15	models	model	NOUN
fbem-18291	270	16	to	to	PART
fbem-18291	270	17	explore	explore	VERB
fbem-18291	270	18	the	the	DET
fbem-18291	270	19	mechanisms	mechanism	NOUN
fbem-18291	270	20	by	by	ADP
fbem-18291	270	21	which	which	PRON
fbem-18291	270	22	the	the	DET
fbem-18291	270	23	independent	independent	ADJ
fbem-18291	270	24	variable	variable	ADJ
fbem-18291	270	25	acts	act	VERB
fbem-18291	270	26	on	on	ADP
fbem-18291	270	27	the	the	DET
fbem-18291	270	28	dependent	dependent	ADJ
fbem-18291	270	29	variable	variable	NOUN
fbem-18291	270	30	,	,	PUNCT
fbem-18291	270	31	with	with	ADP
fbem-18291	270	32	baron	baron	NOUN
fbem-18291	270	33	and	and	CCONJ
fbem-18291	270	34	kenny	kenny	PROPN
fbem-18291	270	35	’s	’s	PART
fbem-18291	270	36	(	(	PUNCT
fbem-18291	270	37	1986	1986	NUM
fbem-18291	270	38	)	)	PUNCT
fbem-18291	270	39	stepwise	stepwise	NOUN
fbem-18291	270	40	analysis	analysis	NOUN
fbem-18291	270	41	approach	approach	NOUN
fbem-18291	270	42	being	be	AUX
fbem-18291	270	43	the	the	DET
fbem-18291	270	44	most	most	ADV
fbem-18291	270	45	dominant	dominant	ADJ
fbem-18291	270	46	.	.	PUNCT
fbem-18291	271	1	the	the	DET
fbem-18291	271	2	specific	specific	ADJ
fbem-18291	271	3	modelling	modelling	NOUN
fbem-18291	271	4	of	of	ADP
fbem-18291	271	5	mediating	mediate	VERB
fbem-18291	271	6	effects	effect	NOUN
fbem-18291	271	7	is	be	AUX
fbem-18291	271	8	designed	design	VERB
fbem-18291	271	9	as	as	SCONJ
fbem-18291	271	10	follows	follow	VERB
fbem-18291	271	11	:	:	PUNCT
fbem-18291	271	12	𝑌	𝑌	PROPN
fbem-18291	271	13	𝑐𝑋	𝑐𝑋	PROPN
fbem-18291	271	14	𝑒	𝑒	PROPN
fbem-18291	271	15	(	(	PUNCT
fbem-18291	271	16	4	4	NUM
fbem-18291	271	17	-	-	SYM
fbem-18291	271	18	2	2	NUM
fbem-18291	271	19	)	)	PUNCT
fbem-18291	271	20	𝑀	𝑀	PROPN
fbem-18291	271	21	𝑎𝑋	𝑎𝑋	NOUN
fbem-18291	271	22	𝑒	𝑒	PROPN
fbem-18291	271	23	(	(	PUNCT
fbem-18291	271	24	4	4	NUM
fbem-18291	271	25	-	-	SYM
fbem-18291	271	26	3	3	NUM
fbem-18291	271	27	)	)	PUNCT
fbem-18291	271	28	𝑌	𝑌	PROPN
fbem-18291	271	29	𝑐’𝑋	𝑐’𝑋	PROPN
fbem-18291	271	30	𝑏𝑀	𝑏𝑀	PROPN
fbem-18291	271	31	𝑒	𝑒	PROPN
fbem-18291	271	32	(	(	PUNCT
fbem-18291	271	33	4	4	NUM
fbem-18291	271	34	-	-	SYM
fbem-18291	271	35	4	4	NUM
fbem-18291	271	36	)	)	PUNCT
fbem-18291	271	37	figure	figure	NOUN
fbem-18291	271	38	4	4	NUM
fbem-18291	271	39	-	-	SYM
fbem-18291	271	40	1	1	NUM
fbem-18291	271	41	provides	provide	VERB
fbem-18291	271	42	a	a	DET
fbem-18291	271	43	clear	clear	ADJ
fbem-18291	271	44	picture	picture	NOUN
fbem-18291	271	45	of	of	ADP
fbem-18291	271	46	the	the	DET
fbem-18291	271	47	relationship	relationship	NOUN
fbem-18291	271	48	between	between	ADP
fbem-18291	271	49	the	the	DET
fbem-18291	271	50	aforementioned	aforementioned	ADJ
fbem-18291	271	51	variables	variable	NOUN
fbem-18291	271	52	.	.	PUNCT
fbem-18291	272	1	figure	figure	VERB
fbem-18291	272	2	4	4	NUM
fbem-18291	272	3	-	-	SYM
fbem-18291	272	4	1	1	NUM
fbem-18291	272	5	.	.	PUNCT
fbem-18291	272	6	relationship	relationship	NOUN
fbem-18291	272	7	between	between	ADP
fbem-18291	272	8	variables	variable	NOUN
fbem-18291	272	9	in	in	ADP
fbem-18291	272	10	figure	figure	NOUN
fbem-18291	272	11	4	4	NUM
fbem-18291	272	12	-	-	SYM
fbem-18291	272	13	1	1	NUM
fbem-18291	272	14	,	,	PUNCT
fbem-18291	272	15	path	path	NOUN
fbem-18291	272	16	a	a	DET
fbem-18291	272	17	denotes	denote	NOUN
fbem-18291	272	18	the	the	DET
fbem-18291	272	19	effect	effect	NOUN
fbem-18291	272	20	of	of	ADP
fbem-18291	272	21	independent	independent	ADJ
fbem-18291	272	22	variable	variable	NOUN
fbem-18291	272	23	x	x	PUNCT
fbem-18291	272	24	on	on	ADP
fbem-18291	272	25	mediating	mediate	VERB
fbem-18291	272	26	variable	variable	ADJ
fbem-18291	272	27	m	m	PROPN
fbem-18291	272	28	,	,	PUNCT
fbem-18291	272	29	path	path	PROPN
fbem-18291	272	30	b	b	PROPN
fbem-18291	272	31	denotes	denote	VERB
fbem-18291	272	32	the	the	DET
fbem-18291	272	33	effect	effect	NOUN
fbem-18291	272	34	of	of	ADP
fbem-18291	272	35	mediating	mediate	VERB
fbem-18291	272	36	variable	variable	ADJ
fbem-18291	272	37	m	m	NOUN
fbem-18291	272	38	on	on	ADP
fbem-18291	272	39	dependent	dependent	ADJ
fbem-18291	272	40	variable	variable	ADJ
fbem-18291	272	41	y	y	PROPN
fbem-18291	272	42	,	,	PUNCT
fbem-18291	272	43	path	path	NOUN
fbem-18291	272	44	c	c	NOUN
fbem-18291	272	45	’	'	PUNCT
fbem-18291	272	46	denotes	denote	VERB
fbem-18291	272	47	the	the	DET
fbem-18291	272	48	total	total	ADJ
fbem-18291	272	49	effect	effect	NOUN
fbem-18291	272	50	of	of	ADP
fbem-18291	272	51	independent	independent	ADJ
fbem-18291	272	52	variable	variable	NOUN
fbem-18291	272	53	x	x	PUNCT
fbem-18291	272	54	on	on	ADP
fbem-18291	272	55	dependent	dependent	ADJ
fbem-18291	272	56	variable	variable	ADJ
fbem-18291	272	57	y	y	PROPN
fbem-18291	272	58	,	,	PUNCT
fbem-18291	272	59	path	path	NOUN
fbem-18291	272	60	c	c	PROPN
fbem-18291	272	61	denotes	denote	VERB
fbem-18291	272	62	the	the	DET
fbem-18291	272	63	direct	direct	ADJ
fbem-18291	272	64	effect	effect	NOUN
fbem-18291	272	65	of	of	ADP
fbem-18291	272	66	independent	independent	ADJ
fbem-18291	272	67	variable	variable	NOUN
fbem-18291	272	68	x	x	PUNCT
fbem-18291	272	69	on	on	ADP
fbem-18291	272	70	dependent	dependent	ADJ
fbem-18291	272	71	variable	variable	ADJ
fbem-18291	272	72	y	y	PROPN
fbem-18291	272	73	,	,	PUNCT
fbem-18291	272	74	and	and	CCONJ
fbem-18291	272	75	𝑒	𝑒	PROPN
fbem-18291	272	76	denotes	denote	VERB
fbem-18291	272	77	the	the	DET
fbem-18291	272	78	residual	residual	ADJ
fbem-18291	272	79	term	term	NOUN
fbem-18291	272	80	.	.	PUNCT
fbem-18291	273	1	the	the	DET
fbem-18291	273	2	more	more	ADV
fbem-18291	273	3	common	common	ADJ
fbem-18291	273	4	tests	test	NOUN
fbem-18291	273	5	are	be	AUX
fbem-18291	273	6	stepwise	stepwise	ADJ
fbem-18291	273	7	analysis	analysis	NOUN
fbem-18291	273	8	,	,	PUNCT
fbem-18291	273	9	sobel	sobel	NOUN
fbem-18291	273	10	and	and	CCONJ
fbem-18291	273	11	bootstrap	bootstrap	NOUN
fbem-18291	273	12	tests	test	NOUN
fbem-18291	273	13	.	.	PUNCT
fbem-18291	274	1	the	the	DET
fbem-18291	274	2	significance	significance	NOUN
fbem-18291	274	3	test	test	NOUN
fbem-18291	274	4	of	of	ADP
fbem-18291	274	5	the	the	DET
fbem-18291	274	6	coefficient	coefficient	NOUN
fbem-18291	274	7	c	c	NOUN
fbem-18291	274	8	can	can	AUX
fbem-18291	274	9	determine	determine	VERB
fbem-18291	274	10	whether	whether	SCONJ
fbem-18291	274	11	the	the	DET
fbem-18291	274	12	mediation	mediation	NOUN
fbem-18291	274	13	effect	effect	NOUN
fbem-18291	274	14	is	be	AUX
fbem-18291	274	15	established	establish	VERB
fbem-18291	274	16	,	,	PUNCT
fbem-18291	274	17	and	and	CCONJ
fbem-18291	274	18	if	if	SCONJ
fbem-18291	274	19	the	the	DET
fbem-18291	274	20	coefficient	coefficient	NOUN
fbem-18291	274	21	c	c	NOUN
fbem-18291	274	22	is	be	AUX
fbem-18291	274	23	significant	significant	ADJ
fbem-18291	274	24	,	,	PUNCT
fbem-18291	274	25	it	it	PRON
fbem-18291	274	26	can	can	AUX
fbem-18291	274	27	be	be	AUX
fbem-18291	274	28	presumed	presume	VERB
fbem-18291	274	29	that	that	SCONJ
fbem-18291	274	30	the	the	DET
fbem-18291	274	31	mediation	mediation	NOUN
fbem-18291	274	32	effect	effect	NOUN
fbem-18291	274	33	is	be	AUX
fbem-18291	274	34	established[57	established[57	ADJ
fbem-18291	274	35	]	]	PUNCT
fbem-18291	274	36	according	accord	VERB
fbem-18291	274	37	to	to	ADP
fbem-18291	274	38	the	the	DET
fbem-18291	274	39	test	test	NOUN
fbem-18291	274	40	steps	step	NOUN
fbem-18291	274	41	,	,	PUNCT
fbem-18291	274	42	one	one	PRON
fbem-18291	274	43	can	can	AUX
fbem-18291	274	44	construct	construct	VERB
fbem-18291	274	45	a	a	DET
fbem-18291	274	46	mediation	mediation	NOUN
fbem-18291	274	47	effect	effect	NOUN
fbem-18291	274	48	test	test	NOUN
fbem-18291	274	49	model	model	NOUN
fbem-18291	274	50	:	:	PUNCT
fbem-18291	274	51	𝐿𝑅	𝐿𝑅	PROPN
fbem-18291	274	52	𝛼	𝛼	NOUN
fbem-18291	274	53	𝛼	𝛼	NOUN
fbem-18291	274	54	𝐹𝐼	𝐹𝐼	PROPN
fbem-18291	274	55	𝛼	𝛼	NOUN
fbem-18291	274	56	𝐿𝑛𝑠𝑖𝑧𝑒	𝐿𝑛𝑠𝑖𝑧𝑒	PROPN
fbem-18291	274	57	𝛼	𝛼	INTJ
fbem-18291	274	58	𝐶𝐴𝑅	𝐶𝐴𝑅	PROPN
fbem-18291	274	59	𝛼	𝛼	INTJ
fbem-18291	274	60	𝑁𝑃𝐿	𝑁𝑃𝐿	PROPN
fbem-18291	274	61	𝛼	𝛼	ADP
fbem-18291	274	62	𝐶𝐼𝑅	𝐶𝐼𝑅	PROPN
fbem-18291	274	63	𝛼	𝛼	PROPN
fbem-18291	274	64	𝑀2	𝑀2	PROPN
fbem-18291	274	65	𝛼	𝛼	PROPN
fbem-18291	274	66	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-18291	274	67	𝜀	𝜀	X
fbem-18291	274	68	(	(	PUNCT
fbem-18291	274	69	4	4	NUM
fbem-18291	274	70	-	-	SYM
fbem-18291	274	71	1	1	NUM
fbem-18291	274	72	)	)	PUNCT
fbem-18291	274	73	𝑀𝐸𝐷	𝑀𝐸𝐷	PROPN
fbem-18291	275	1	𝛽	𝛽	NOUN
fbem-18291	275	2	𝛽	𝛽	NOUN
fbem-18291	275	3	𝐹𝐼	𝐹𝐼	PROPN
fbem-18291	275	4	𝛽	𝛽	PROPN
fbem-18291	275	5	𝐿𝑛𝑠𝑖𝑧𝑒	𝐿𝑛𝑠𝑖𝑧𝑒	PROPN
fbem-18291	275	6	𝛽	𝛽	PROPN
fbem-18291	275	7	𝐶𝐴𝑅	𝐶𝐴𝑅	PROPN
fbem-18291	275	8	𝛽	𝛽	PRON
fbem-18291	275	9	𝑁𝑃𝐿	𝑁𝑃𝐿	PROPN
fbem-18291	275	10	𝛽	𝛽	PROPN
fbem-18291	275	11	𝐶𝐼𝑅	𝐶𝐼𝑅	PROPN
fbem-18291	275	12	𝛽	𝛽	PROPN
fbem-18291	275	13	𝑀2	𝑀2	PROPN
fbem-18291	275	14	𝛽	𝛽	PROPN
fbem-18291	275	15	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-18291	275	16	𝜀	𝜀	X
fbem-18291	275	17	(	(	PUNCT
fbem-18291	275	18	4	4	NUM
fbem-18291	275	19	-	-	SYM
fbem-18291	275	20	5	5	NUM
fbem-18291	275	21	)	)	PUNCT
fbem-18291	275	22	𝐿𝑅	𝐿𝑅	PROPN
fbem-18291	275	23	𝛾	𝛾	NOUN
fbem-18291	275	24	𝛾	𝛾	NOUN
fbem-18291	275	25	𝐹𝐼	𝐹𝐼	PROPN
fbem-18291	275	26	𝛾	𝛾	PROPN
fbem-18291	275	27	𝑀𝐸𝐷	𝑀𝐸𝐷	PROPN
fbem-18291	275	28	𝛾	𝛾	AUX
fbem-18291	275	29	𝐿𝑛𝑠𝑖𝑧𝑒	𝐿𝑛𝑠𝑖𝑧𝑒	PROPN
fbem-18291	275	30	𝛾	𝛾	PROPN
fbem-18291	275	31	𝐶𝐴𝑅	𝐶𝐴𝑅	PROPN
fbem-18291	275	32	𝛾	𝛾	ADP
fbem-18291	275	33	𝑁𝑃𝐿	𝑁𝑃𝐿	PROPN
fbem-18291	275	34	𝛾	𝛾	ADP
fbem-18291	275	35	𝐶𝐼𝑅	𝐶𝐼𝑅	PROPN
fbem-18291	275	36	𝛾	𝛾	PROPN
fbem-18291	275	37	𝑀2	𝑀2	NOUN
fbem-18291	275	38	𝛾	𝛾	PROPN
fbem-18291	275	39	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-18291	275	40	𝜀	𝜀	NOUN
fbem-18291	275	41	(	(	PUNCT
fbem-18291	275	42	4	4	NUM
fbem-18291	275	43	-	-	SYM
fbem-18291	275	44	6	6	NUM
fbem-18291	275	45	)	)	PUNCT
fbem-18291	275	46	equation	equation	NOUN
fbem-18291	275	47	4	4	NUM
fbem-18291	275	48	-	-	SYM
fbem-18291	275	49	1	1	NUM
fbem-18291	275	50	can	can	AUX
fbem-18291	275	51	be	be	AUX
fbem-18291	275	52	derived	derive	VERB
fbem-18291	275	53	based	base	VERB
fbem-18291	275	54	on	on	ADP
fbem-18291	275	55	hypothesis	hypothesis	NOUN
fbem-18291	275	56	1	1	NUM
fbem-18291	275	57	.	.	PUNCT
fbem-18291	276	1	equation	equation	NOUN
fbem-18291	276	2	(	(	PUNCT
fbem-18291	276	3	4	4	NUM
fbem-18291	276	4	-	-	SYM
fbem-18291	276	5	5	5	NUM
fbem-18291	276	6	)	)	PUNCT
fbem-18291	276	7	primarily	primarily	ADV
fbem-18291	276	8	tests	test	VERB
fbem-18291	276	9	the	the	DET
fbem-18291	276	10	response	response	NOUN
fbem-18291	276	11	of	of	ADP
fbem-18291	276	12	intermediary	intermediary	ADJ
fbem-18291	276	13	variables	variable	NOUN
fbem-18291	276	14	to	to	ADP
fbem-18291	276	15	the	the	DET
fbem-18291	276	16	development	development	NOUN
fbem-18291	276	17	of	of	ADP
fbem-18291	276	18	fintech	fintech	NOUN
fbem-18291	276	19	,	,	PUNCT
fbem-18291	276	20	where	where	SCONJ
fbem-18291	276	21	med	med	PROPN
fbem-18291	276	22	is	be	AUX
fbem-18291	276	23	the	the	DET
fbem-18291	276	24	intermediary	intermediary	ADJ
fbem-18291	276	25	variables	variable	NOUN
fbem-18291	276	26	nim	nim	PROPN
fbem-18291	276	27	and	and	CCONJ
fbem-18291	276	28	nir	nir	NOUN
fbem-18291	276	29	,	,	PUNCT
fbem-18291	276	30	and	and	CCONJ
fbem-18291	276	31	𝛽	𝛽	NOUN
fbem-18291	276	32	represents	represent	VERB
fbem-18291	276	33	the	the	DET
fbem-18291	276	34	coefficient	coefficient	NOUN
fbem-18291	276	35	of	of	ADP
fbem-18291	276	36	fintech	fintech	NOUN
fbem-18291	276	37	’s	’s	PART
fbem-18291	276	38	impact	impact	NOUN
fbem-18291	276	39	on	on	ADP
fbem-18291	276	40	intermediary	intermediary	ADJ
fbem-18291	276	41	variables	variable	NOUN
fbem-18291	276	42	.	.	PUNCT
fbem-18291	277	1	equation	equation	NOUN
fbem-18291	277	2	(	(	PUNCT
fbem-18291	277	3	4	4	NUM
fbem-18291	277	4	-	-	SYM
fbem-18291	277	5	6	6	NUM
fbem-18291	277	6	)	)	PUNCT
fbem-18291	277	7	reveals	reveal	VERB
fbem-18291	277	8	the	the	DET
fbem-18291	277	9	impact	impact	NOUN
fbem-18291	277	10	of	of	ADP
fbem-18291	277	11	fintech	fintech	NOUN
fbem-18291	277	12	on	on	ADP
fbem-18291	277	13	commercial	commercial	ADJ
fbem-18291	277	14	bank	bank	NOUN
fbem-18291	277	15	liquidity	liquidity	NOUN
fbem-18291	277	16	after	after	ADP
fbem-18291	277	17	the	the	DET
fbem-18291	277	18	addition	addition	NOUN
fbem-18291	277	19	of	of	ADP
fbem-18291	277	20	intermediary	intermediary	ADJ
fbem-18291	277	21	variables	variable	NOUN
fbem-18291	277	22	,	,	PUNCT
fbem-18291	277	23	and	and	CCONJ
fbem-18291	277	24	𝛾	𝛾	AUX
fbem-18291	277	25	represents	represent	VERB
fbem-18291	277	26	the	the	DET
fbem-18291	277	27	coefficient	coefficient	NOUN
fbem-18291	277	28	of	of	ADP
fbem-18291	277	29	the	the	DET
fbem-18291	277	30	impact	impact	NOUN
fbem-18291	277	31	of	of	ADP
fbem-18291	277	32	the	the	DET
fbem-18291	277	33	respective	respective	ADJ
fbem-18291	277	34	variables	variable	NOUN
fbem-18291	277	35	on	on	ADP
fbem-18291	277	36	liquidity[58	liquidity[58	NOUN
fbem-18291	277	37	]	]	X
fbem-18291	277	38	3	3	X
fbem-18291	277	39	.	.	X
fbem-18291	277	40	hypothesis	hypothesis	NOUN
fbem-18291	277	41	3	3	NUM
fbem-18291	277	42	in	in	ADP
fbem-18291	277	43	the	the	DET
fbem-18291	277	44	article	article	NOUN
fbem-18291	277	45	needs	need	VERB
fbem-18291	277	46	to	to	PART
fbem-18291	277	47	be	be	AUX
fbem-18291	277	48	explored	explore	VERB
fbem-18291	277	49	regarding	regard	VERB
fbem-18291	277	50	the	the	DET
fbem-18291	277	51	response	response	NOUN
fbem-18291	277	52	of	of	ADP
fbem-18291	277	53	commercial	commercial	ADJ
fbem-18291	277	54	bank	bank	NOUN
fbem-18291	277	55	liquidity	liquidity	NOUN
fbem-18291	277	56	of	of	ADP
fbem-18291	277	57	different	different	ADJ
fbem-18291	277	58	natures	nature	NOUN
fbem-18291	277	59	to	to	ADP
fbem-18291	277	60	the	the	DET
fbem-18291	277	61	development	development	NOUN
fbem-18291	277	62	of	of	ADP
fbem-18291	277	63	fintech	fintech	NOUN
fbem-18291	277	64	,	,	PUNCT
fbem-18291	277	65	namely	namely	ADV
fbem-18291	277	66	,	,	PUNCT
fbem-18291	277	67	292	292	NUM
fbem-18291	277	68	exploring	explore	VERB
fbem-18291	277	69	heterogeneity	heterogeneity	NOUN
fbem-18291	277	70	.	.	PUNCT
fbem-18291	278	1	thus	thus	ADV
fbem-18291	278	2	,	,	PUNCT
fbem-18291	278	3	the	the	DET
fbem-18291	278	4	construction	construction	NOUN
fbem-18291	278	5	of	of	ADP
fbem-18291	278	6	the	the	DET
fbem-18291	278	7	model	model	NOUN
fbem-18291	278	8	needs	need	VERB
fbem-18291	278	9	to	to	PART
fbem-18291	278	10	include	include	VERB
fbem-18291	278	11	a	a	DET
fbem-18291	278	12	dummy	dummy	ADJ
fbem-18291	278	13	variable	variable	NOUN
fbem-18291	278	14	for	for	ADP
fbem-18291	278	15	the	the	DET
fbem-18291	278	16	nature	nature	NOUN
fbem-18291	278	17	of	of	ADP
fbem-18291	278	18	the	the	DET
fbem-18291	278	19	bank	bank	NOUN
fbem-18291	278	20	,	,	PUNCT
fbem-18291	278	21	and	and	CCONJ
fbem-18291	278	22	an	an	DET
fbem-18291	278	23	interaction	interaction	NOUN
fbem-18291	278	24	term	term	NOUN
fbem-18291	278	25	between	between	ADP
fbem-18291	278	26	the	the	DET
fbem-18291	278	27	fintech	fintech	NOUN
fbem-18291	278	28	index	index	NOUN
fbem-18291	278	29	and	and	CCONJ
fbem-18291	278	30	the	the	DET
fbem-18291	278	31	bank	bank	NOUN
fbem-18291	278	32	dummy	dummy	NOUN
fbem-18291	278	33	variable[59	variable[59	PROPN
fbem-18291	278	34	]	]	PUNCT
fbem-18291	278	35	.	.	PUNCT
fbem-18291	279	1	since	since	SCONJ
fbem-18291	279	2	the	the	DET
fbem-18291	279	3	heterogeneity	heterogeneity	NOUN
fbem-18291	279	4	explored	explore	VERB
fbem-18291	279	5	in	in	ADP
fbem-18291	279	6	the	the	DET
fbem-18291	279	7	article	article	NOUN
fbem-18291	279	8	includes	include	VERB
fbem-18291	279	9	bank	bank	NOUN
fbem-18291	279	10	ownership	ownership	NOUN
fbem-18291	279	11	,	,	PUNCT
fbem-18291	279	12	north	north	NOUN
fbem-18291	279	13	-	-	PUNCT
fbem-18291	279	14	south	south	NOUN
fbem-18291	279	15	region	region	NOUN
fbem-18291	279	16	,	,	PUNCT
fbem-18291	279	17	the	the	DET
fbem-18291	279	18	model	model	NOUN
fbem-18291	279	19	is	be	AUX
fbem-18291	279	20	set	set	VERB
fbem-18291	279	21	as	as	ADP
fbem-18291	279	22	:	:	PUNCT
fbem-18291	279	23	(	(	PUNCT
fbem-18291	279	24	1	1	X
fbem-18291	279	25	)	)	PUNCT
fbem-18291	279	26	based	base	VERB
fbem-18291	279	27	on	on	ADP
fbem-18291	279	28	ownership	ownership	NOUN
fbem-18291	279	29	differences	difference	NOUN
fbem-18291	279	30	:	:	PUNCT
fbem-18291	279	31	𝐿𝑅	𝐿𝑅	PROPN
fbem-18291	279	32	𝛼	𝛼	NOUN
fbem-18291	279	33	𝛼	𝛼	NOUN
fbem-18291	279	34	𝐹𝐼	𝐹𝐼	PROPN
fbem-18291	279	35	𝛼	𝛼	PRON
fbem-18291	279	36	𝑁𝐴𝑇𝑈𝑅𝐸	𝑁𝐴𝑇𝑈𝑅𝐸	NOUN
fbem-18291	279	37	𝛼	𝛼	PROPN
fbem-18291	279	38	𝐿𝑛𝑠𝑖𝑧𝑒	𝐿𝑛𝑠𝑖𝑧𝑒	PROPN
fbem-18291	279	39	𝛼	𝛼	INTJ
fbem-18291	279	40	𝐶𝐴𝑅	𝐶𝐴𝑅	PROPN
fbem-18291	279	41	𝛼	𝛼	INTJ
fbem-18291	279	42	𝑁𝑃𝐿	𝑁𝑃𝐿	PROPN
fbem-18291	279	43	𝛼	𝛼	ADP
fbem-18291	279	44	𝐶𝐼𝑅	𝐶𝐼𝑅	PROPN
fbem-18291	279	45	𝛼	𝛼	PROPN
fbem-18291	279	46	𝑀2	𝑀2	PROPN
fbem-18291	279	47	𝛼	𝛼	PROPN
fbem-18291	279	48	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-18291	279	49	𝜀	𝜀	X
fbem-18291	279	50	(	(	PUNCT
fbem-18291	279	51	4	4	NUM
fbem-18291	279	52	-	-	SYM
fbem-18291	279	53	7	7	NUM
fbem-18291	279	54	)	)	PUNCT
fbem-18291	279	55	where	where	SCONJ
fbem-18291	279	56	nature1	nature1	PROPN
fbem-18291	279	57	and	and	CCONJ
fbem-18291	279	58	nature2	nature2	NOUN
fbem-18291	279	59	denote	denote	VERB
fbem-18291	279	60	state	state	NOUN
fbem-18291	279	61	-	-	PUNCT
fbem-18291	279	62	owned	own	VERB
fbem-18291	279	63	banks	bank	NOUN
fbem-18291	279	64	and	and	CCONJ
fbem-18291	279	65	joint	joint	ADJ
fbem-18291	279	66	-	-	PUNCT
fbem-18291	279	67	stock	stock	NOUN
fbem-18291	279	68	banks	bank	NOUN
fbem-18291	279	69	,	,	PUNCT
fbem-18291	279	70	respectively	respectively	ADV
fbem-18291	279	71	.	.	PUNCT
fbem-18291	280	1	if	if	SCONJ
fbem-18291	280	2	the	the	DET
fbem-18291	280	3	bank	bank	NOUN
fbem-18291	280	4	is	be	AUX
fbem-18291	280	5	a	a	DET
fbem-18291	280	6	state	state	NOUN
fbem-18291	280	7	-	-	PUNCT
fbem-18291	280	8	owned	own	VERB
fbem-18291	280	9	bank	bank	NOUN
fbem-18291	280	10	,	,	PUNCT
fbem-18291	280	11	nature1	nature1	PROPN
fbem-18291	280	12	is	be	AUX
fbem-18291	280	13	1	1	NUM
fbem-18291	280	14	,	,	PUNCT
fbem-18291	280	15	otherwise	otherwise	ADV
fbem-18291	280	16	0	0	X
fbem-18291	280	17	.	.	PUNCT
fbem-18291	281	1	if	if	SCONJ
fbem-18291	281	2	the	the	DET
fbem-18291	281	3	bank	bank	NOUN
fbem-18291	281	4	is	be	AUX
fbem-18291	281	5	a	a	DET
fbem-18291	281	6	joint	joint	ADJ
fbem-18291	281	7	-	-	PUNCT
fbem-18291	281	8	stock	stock	NOUN
fbem-18291	281	9	bank	bank	NOUN
fbem-18291	281	10	,	,	PUNCT
fbem-18291	281	11	nature2	nature2	ADJ
fbem-18291	281	12	is	be	AUX
fbem-18291	281	13	1	1	NUM
fbem-18291	281	14	,	,	PUNCT
fbem-18291	281	15	otherwise	otherwise	ADV
fbem-18291	281	16	0	0	X
fbem-18291	281	17	.	.	PUNCT
fbem-18291	282	1	(	(	PUNCT
fbem-18291	282	2	2	2	X
fbem-18291	282	3	)	)	PUNCT
fbem-18291	282	4	based	base	VERB
fbem-18291	282	5	on	on	ADP
fbem-18291	282	6	north	north	NOUN
fbem-18291	282	7	-	-	PUNCT
fbem-18291	282	8	south	south	NOUN
fbem-18291	282	9	regional	regional	ADJ
fbem-18291	282	10	differences	difference	NOUN
fbem-18291	282	11	𝐿𝑅	𝐿𝑅	PROPN
fbem-18291	282	12	𝛼	𝛼	NOUN
fbem-18291	282	13	𝛼	𝛼	NOUN
fbem-18291	282	14	𝐹𝐼	𝐹𝐼	PROPN
fbem-18291	282	15	𝛼	𝛼	NOUN
fbem-18291	282	16	𝐿𝑂𝐴𝐶𝑇𝐼𝑂𝑁	𝐿𝑂𝐴𝐶𝑇𝐼𝑂𝑁	NOUN
fbem-18291	282	17	𝛼	𝛼	ADP
fbem-18291	282	18	𝐿𝑛𝑠𝑖𝑧𝑒	𝐿𝑛𝑠𝑖𝑧𝑒	PROPN
fbem-18291	282	19	𝛼	𝛼	INTJ
fbem-18291	282	20	𝐶𝐴𝑅	𝐶𝐴𝑅	PROPN
fbem-18291	282	21	𝛼	𝛼	INTJ
fbem-18291	282	22	𝑁𝑃𝐿	𝑁𝑃𝐿	PROPN
fbem-18291	282	23	𝛼	𝛼	ADP
fbem-18291	282	24	𝐶𝐼𝑅	𝐶𝐼𝑅	PROPN
fbem-18291	282	25	𝛼	𝛼	PROPN
fbem-18291	282	26	𝑀2	𝑀2	PROPN
fbem-18291	282	27	𝛼	𝛼	PROPN
fbem-18291	282	28	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
fbem-18291	282	29	𝜀	𝜀	X
fbem-18291	282	30	(	(	PUNCT
fbem-18291	282	31	4	4	NUM
fbem-18291	282	32	-	-	SYM
fbem-18291	282	33	8)	8)	NUM
fbem-18291	282	34	where	where	SCONJ
fbem-18291	282	35	loaction1	loaction1	NOUN
fbem-18291	282	36	indicates	indicate	VERB
fbem-18291	282	37	the	the	DET
fbem-18291	282	38	geographic	geographic	ADJ
fbem-18291	282	39	location	location	NOUN
fbem-18291	282	40	of	of	ADP
fbem-18291	282	41	the	the	DET
fbem-18291	282	42	bank	bank	NOUN
fbem-18291	282	43	in	in	ADP
fbem-18291	282	44	china	china	PROPN
fbem-18291	282	45	to	to	PART
fbem-18291	282	46	which	which	PRON
fbem-18291	282	47	the	the	DET
fbem-18291	282	48	bank	bank	NOUN
fbem-18291	282	49	belongs	belong	VERB
fbem-18291	282	50	in	in	ADP
fbem-18291	282	51	the	the	DET
fbem-18291	282	52	north	north	NOUN
fbem-18291	282	53	and	and	CCONJ
fbem-18291	282	54	south	south	NOUN
fbem-18291	282	55	.	.	PUNCT
fbem-18291	283	1	if	if	SCONJ
fbem-18291	283	2	the	the	DET
fbem-18291	283	3	bank	bank	NOUN
fbem-18291	283	4	is	be	AUX
fbem-18291	283	5	registered	register	VERB
fbem-18291	283	6	in	in	ADP
fbem-18291	283	7	the	the	DET
fbem-18291	283	8	north	north	NOUN
fbem-18291	283	9	,	,	PUNCT
fbem-18291	283	10	the	the	DET
fbem-18291	283	11	location	location	NOUN
fbem-18291	283	12	is	be	AUX
fbem-18291	283	13	1	1	NUM
fbem-18291	283	14	,	,	PUNCT
fbem-18291	283	15	otherwise	otherwise	ADV
fbem-18291	283	16	it	it	PRON
fbem-18291	283	17	is	be	AUX
fbem-18291	283	18	0	0	NUM
fbem-18291	283	19	.	.	NOUN
fbem-18291	283	20	5	5	NUM
fbem-18291	283	21	.	.	NOUN
fbem-18291	283	22	results	result	VERB
fbem-18291	283	23	5.1	5.1	NUM
fbem-18291	283	24	.	.	PUNCT
fbem-18291	284	1	correlation	correlation	NOUN
fbem-18291	284	2	test	test	NOUN
fbem-18291	284	3	in	in	ADP
fbem-18291	284	4	order	order	NOUN
fbem-18291	284	5	to	to	PART
fbem-18291	284	6	prevent	prevent	VERB
fbem-18291	284	7	serious	serious	ADJ
fbem-18291	284	8	problems	problem	NOUN
fbem-18291	284	9	of	of	ADP
fbem-18291	284	10	multicollinearity	multicollinearity	NOUN
fbem-18291	284	11	amongst	amongst	ADP
fbem-18291	284	12	the	the	DET
fbem-18291	284	13	selected	select	VERB
fbem-18291	284	14	variables	variable	NOUN
fbem-18291	284	15	,	,	PUNCT
fbem-18291	284	16	the	the	DET
fbem-18291	284	17	variables	variable	NOUN
fbem-18291	284	18	need	need	VERB
fbem-18291	284	19	to	to	PART
fbem-18291	284	20	be	be	AUX
fbem-18291	284	21	tested	test	VERB
fbem-18291	284	22	by	by	ADP
fbem-18291	284	23	the	the	DET
fbem-18291	284	24	variance	variance	NOUN
fbem-18291	284	25	inflation	inflation	NOUN
fbem-18291	284	26	factor	factor	NOUN
fbem-18291	284	27	analysis	analysis	NOUN
fbem-18291	284	28	(	(	PUNCT
fbem-18291	284	29	vifa	vifa	PROPN
fbem-18291	284	30	)	)	PUNCT
fbem-18291	284	31	method[60	method[60	PROPN
fbem-18291	284	32	]	]	PUNCT
fbem-18291	284	33	.	.	PUNCT
fbem-18291	285	1	the	the	DET
fbem-18291	285	2	multicollinearity	multicollinearity	NOUN
fbem-18291	285	3	test	test	NOUN
fbem-18291	285	4	is	be	AUX
fbem-18291	285	5	judged	judge	VERB
fbem-18291	285	6	by	by	ADP
fbem-18291	285	7	the	the	DET
fbem-18291	285	8	variance	variance	NOUN
fbem-18291	285	9	inflation	inflation	NOUN
fbem-18291	285	10	factor	factor	NOUN
fbem-18291	285	11	(	(	PUNCT
fbem-18291	285	12	vif	vif	PROPN
fbem-18291	285	13	)	)	PUNCT
fbem-18291	285	14	of	of	ADP
fbem-18291	285	15	the	the	DET
fbem-18291	285	16	independent	independent	ADJ
fbem-18291	285	17	variables	variable	NOUN
fbem-18291	285	18	being	be	AUX
fbem-18291	285	19	less	less	ADJ
fbem-18291	285	20	than	than	ADP
fbem-18291	285	21	10	10	NUM
fbem-18291	285	22	and	and	CCONJ
fbem-18291	285	23	the	the	DET
fbem-18291	285	24	tolerance	tolerance	NOUN
fbem-18291	285	25	(	(	PUNCT
fbem-18291	285	26	1	1	NUM
fbem-18291	285	27	/	/	SYM
fbem-18291	285	28	vif	vif	PROPN
fbem-18291	285	29	)	)	PUNCT
fbem-18291	285	30	being	be	AUX
fbem-18291	285	31	greater	great	ADJ
fbem-18291	285	32	than	than	ADP
fbem-18291	285	33	0.1	0.1	NUM
fbem-18291	285	34	.	.	PUNCT
fbem-18291	286	1	the	the	DET
fbem-18291	286	2	vif	vif	NOUN
fbem-18291	286	3	measures	measure	VERB
fbem-18291	286	4	the	the	DET
fbem-18291	286	5	linear	linear	ADJ
fbem-18291	286	6	relationship	relationship	NOUN
fbem-18291	286	7	between	between	ADP
fbem-18291	286	8	the	the	DET
fbem-18291	286	9	explanatory	explanatory	ADJ
fbem-18291	286	10	variables	variable	NOUN
fbem-18291	286	11	and	and	CCONJ
fbem-18291	286	12	the	the	DET
fbem-18291	286	13	other	other	ADJ
fbem-18291	286	14	explanatory	explanatory	ADJ
fbem-18291	286	15	quantities	quantity	NOUN
fbem-18291	286	16	,	,	PUNCT
fbem-18291	286	17	for	for	ADP
fbem-18291	286	18	example	example	NOUN
fbem-18291	286	19	,	,	PUNCT
fbem-18291	286	20	the	the	PRON
fbem-18291	286	21	greater	great	ADJ
fbem-18291	286	22	the	the	DET
fbem-18291	286	23	vif	vif	NOUN
fbem-18291	286	24	,	,	PUNCT
fbem-18291	286	25	the	the	PRON
fbem-18291	286	26	stronger	strong	ADJ
fbem-18291	286	27	the	the	DET
fbem-18291	286	28	covariance	covariance	NOUN
fbem-18291	286	29	between	between	ADP
fbem-18291	286	30	the	the	DET
fbem-18291	286	31	independent	independent	ADJ
fbem-18291	286	32	variables[61	variables[61	NOUN
fbem-18291	286	33	]	]	PUNCT
fbem-18291	286	34	.	.	PUNCT
fbem-18291	287	1	strong	strong	ADJ
fbem-18291	287	2	multicollinearity	multicollinearity	NOUN
fbem-18291	287	3	between	between	ADP
fbem-18291	287	4	independent	independent	ADJ
fbem-18291	287	5	variables	variable	NOUN
fbem-18291	287	6	may	may	AUX
fbem-18291	287	7	lead	lead	VERB
fbem-18291	287	8	to	to	ADP
fbem-18291	287	9	unstable	unstable	ADJ
fbem-18291	287	10	parameter	parameter	NOUN
fbem-18291	287	11	estimation	estimation	NOUN
fbem-18291	287	12	,	,	PUNCT
fbem-18291	287	13	wrong	wrong	ADJ
fbem-18291	287	14	direction	direction	NOUN
fbem-18291	287	15	of	of	ADP
fbem-18291	287	16	coefficients	coefficient	NOUN
fbem-18291	287	17	,	,	PUNCT
fbem-18291	287	18	unclear	unclear	ADJ
fbem-18291	287	19	interpretation	interpretation	NOUN
fbem-18291	287	20	of	of	ADP
fbem-18291	287	21	coefficients	coefficient	NOUN
fbem-18291	287	22	and	and	CCONJ
fbem-18291	287	23	other	other	ADJ
fbem-18291	287	24	problems	problem	NOUN
fbem-18291	287	25	.	.	PUNCT
fbem-18291	288	1	therefore	therefore	ADV
fbem-18291	288	2	,	,	PUNCT
fbem-18291	288	3	the	the	DET
fbem-18291	288	4	test	test	NOUN
fbem-18291	288	5	of	of	ADP
fbem-18291	288	6	multicollinearity	multicollinearity	NOUN
fbem-18291	288	7	between	between	ADP
fbem-18291	288	8	variables	variable	NOUN
fbem-18291	288	9	can	can	AUX
fbem-18291	288	10	judge	judge	VERB
fbem-18291	288	11	whether	whether	SCONJ
fbem-18291	288	12	the	the	DET
fbem-18291	288	13	choice	choice	NOUN
fbem-18291	288	14	of	of	ADP
fbem-18291	288	15	variables	variable	NOUN
fbem-18291	288	16	is	be	AUX
fbem-18291	288	17	reasonable	reasonable	ADJ
fbem-18291	288	18	or	or	CCONJ
fbem-18291	288	19	not	not	PART
fbem-18291	288	20	.	.	PUNCT
fbem-18291	289	1	the	the	DET
fbem-18291	289	2	results	result	NOUN
fbem-18291	289	3	are	be	AUX
fbem-18291	289	4	presented	present	VERB
fbem-18291	289	5	in	in	ADP
fbem-18291	289	6	table	table	NOUN
fbem-18291	289	7	5	5	NUM
fbem-18291	289	8	-	-	SYM
fbem-18291	289	9	1[62	1[62	NUM
fbem-18291	289	10	]	]	PUNCT
fbem-18291	289	11	table	table	NOUN
fbem-18291	289	12	5	5	NUM
fbem-18291	289	13	-	-	SYM
fbem-18291	289	14	1	1	NUM
fbem-18291	289	15	.	.	PUNCT
fbem-18291	289	16	multiple	multiple	ADJ
fbem-18291	289	17	collinearity	collinearity	NOUN
fbem-18291	289	18	test	test	NOUN
fbem-18291	289	19	as	as	ADP
fbem-18291	289	20	evident	evident	ADJ
fbem-18291	289	21	from	from	ADP
fbem-18291	289	22	table	table	NOUN
fbem-18291	289	23	5	5	NUM
fbem-18291	289	24	-	-	SYM
fbem-18291	289	25	1	1	NUM
fbem-18291	289	26	,	,	PUNCT
fbem-18291	289	27	the	the	DET
fbem-18291	289	28	vif	vif	NOUN
fbem-18291	289	29	values	value	NOUN
fbem-18291	289	30	of	of	ADP
fbem-18291	289	31	the	the	DET
fbem-18291	289	32	independent	independent	ADJ
fbem-18291	289	33	variables	variable	NOUN
fbem-18291	289	34	selected	select	VERB
fbem-18291	289	35	in	in	ADP
fbem-18291	289	36	the	the	DET
fbem-18291	289	37	article	article	NOUN
fbem-18291	289	38	are	be	AUX
fbem-18291	289	39	all	all	ADV
fbem-18291	289	40	less	less	ADJ
fbem-18291	289	41	than	than	ADP
fbem-18291	289	42	10	10	NUM
fbem-18291	289	43	,	,	PUNCT
fbem-18291	289	44	and	and	CCONJ
fbem-18291	289	45	the	the	DET
fbem-18291	289	46	1	1	NUM
fbem-18291	289	47	/	/	SYM
fbem-18291	289	48	vif	vif	NOUN
fbem-18291	289	49	values	value	NOUN
fbem-18291	289	50	are	be	AUX
fbem-18291	289	51	all	all	ADV
fbem-18291	289	52	greater	great	ADJ
fbem-18291	289	53	than	than	ADP
fbem-18291	289	54	0.1	0.1	NUM
fbem-18291	289	55	,	,	PUNCT
fbem-18291	289	56	which	which	PRON
fbem-18291	289	57	indicates	indicate	VERB
fbem-18291	289	58	that	that	SCONJ
fbem-18291	289	59	there	there	PRON
fbem-18291	289	60	is	be	VERB
fbem-18291	289	61	no	no	DET
fbem-18291	289	62	obvious	obvious	ADJ
fbem-18291	289	63	multicollinearity	multicollinearity	NOUN
fbem-18291	289	64	relationship	relationship	NOUN
fbem-18291	289	65	between	between	ADP
fbem-18291	289	66	the	the	DET
fbem-18291	289	67	explanatory	explanatory	ADJ
fbem-18291	289	68	variables[63	variables[63	NOUN
fbem-18291	289	69	]	]	PUNCT
fbem-18291	289	70	.	.	PUNCT
fbem-18291	290	1	therefore	therefore	ADV
fbem-18291	290	2	,	,	PUNCT
fbem-18291	290	3	it	it	PRON
fbem-18291	290	4	is	be	AUX
fbem-18291	290	5	apparent	apparent	ADJ
fbem-18291	290	6	that	that	SCONJ
fbem-18291	290	7	the	the	DET
fbem-18291	290	8	model	model	NOUN
fbem-18291	290	9	construction	construction	NOUN
fbem-18291	290	10	of	of	ADP
fbem-18291	290	11	the	the	DET
fbem-18291	290	12	article	article	NOUN
fbem-18291	290	13	does	do	AUX
fbem-18291	290	14	not	not	PART
fbem-18291	290	15	have	have	VERB
fbem-18291	290	16	the	the	DET
fbem-18291	290	17	problem	problem	NOUN
fbem-18291	290	18	of	of	ADP
fbem-18291	290	19	multicollinearity	multicollinearity	NOUN
fbem-18291	290	20	,	,	PUNCT
fbem-18291	290	21	and	and	CCONJ
fbem-18291	290	22	the	the	DET
fbem-18291	290	23	subsequent	subsequent	ADJ
fbem-18291	290	24	step	step	NOUN
fbem-18291	290	25	of	of	ADP
fbem-18291	290	26	regression	regression	NOUN
fbem-18291	290	27	analysis	analysis	NOUN
fbem-18291	290	28	can	can	AUX
fbem-18291	290	29	be	be	AUX
fbem-18291	290	30	conducted	conduct	VERB
fbem-18291	290	31	.	.	PUNCT
fbem-18291	291	1	5.2	5.2	NUM
fbem-18291	291	2	.	.	PUNCT
fbem-18291	292	1	regression	regression	VERB
fbem-18291	292	2	analysis	analysis	NOUN
fbem-18291	292	3	based	base	VERB
fbem-18291	292	4	on	on	ADP
fbem-18291	292	5	the	the	DET
fbem-18291	292	6	data	datum	NOUN
fbem-18291	292	7	that	that	PRON
fbem-18291	292	8	has	have	AUX
fbem-18291	292	9	been	be	AUX
fbem-18291	292	10	collected	collect	VERB
fbem-18291	292	11	,	,	PUNCT
fbem-18291	292	12	the	the	DET
fbem-18291	292	13	results	result	NOUN
fbem-18291	292	14	of	of	ADP
fbem-18291	292	15	the	the	DET
fbem-18291	292	16	regression	regression	NOUN
fbem-18291	292	17	analyses	analysis	NOUN
fbem-18291	292	18	are	be	AUX
fbem-18291	292	19	presented	present	VERB
fbem-18291	292	20	in	in	ADP
fbem-18291	292	21	table	table	NOUN
fbem-18291	292	22	5	5	NUM
fbem-18291	292	23	-	-	SYM
fbem-18291	292	24	2	2	NUM
fbem-18291	292	25	below	below	ADV
fbem-18291	292	26	.	.	PUNCT
fbem-18291	293	1	table	table	NOUN
fbem-18291	293	2	5	5	NUM
fbem-18291	293	3	-	-	SYM
fbem-18291	293	4	2	2	NUM
fbem-18291	293	5	.	.	PUNCT
fbem-18291	293	6	empirical	empirical	ADJ
fbem-18291	293	7	results	result	NOUN
fbem-18291	293	8	of	of	ADP
fbem-18291	293	9	the	the	DET
fbem-18291	293	10	impact	impact	NOUN
fbem-18291	293	11	of	of	ADP
fbem-18291	293	12	fintech	fintech	NOUN
fbem-18291	293	13	on	on	ADP
fbem-18291	293	14	the	the	DET
fbem-18291	293	15	liquidity	liquidity	NOUN
fbem-18291	293	16	of	of	ADP
fbem-18291	293	17	chinese	chinese	ADJ
fbem-18291	293	18	commercial	commercial	ADJ
fbem-18291	293	19	banks	bank	NOUN
fbem-18291	293	20	coefficient	coefficient	VERB
fbem-18291	293	21	t	t	PROPN
fbem-18291	293	22	p>|t|	p>|t|	PROPN
fbem-18291	293	23	fi	fi	NOUN
fbem-18291	293	24	0.133	0.133	NOUN
fbem-18291	293	25	*	*	PUNCT
fbem-18291	293	26	*	*	PUNCT
fbem-18291	293	27	*	*	PUNCT
fbem-18291	293	28	4.07	4.07	NUM
fbem-18291	293	29	0.000	0.000	NUM
fbem-18291	293	30	(	(	PUNCT
fbem-18291	293	31	4.068	4.068	NUM
fbem-18291	293	32	)	)	PUNCT
fbem-18291	293	33	m2	m2	PROPN
fbem-18291	293	34	0.849	0.849	NUM
fbem-18291	293	35	*	*	PROPN
fbem-18291	293	36	1.90	1.90	NUM
fbem-18291	293	37	0.059	0.059	NUM
fbem-18291	293	38	(	(	PUNCT
fbem-18291	293	39	1.901	1.901	NUM
fbem-18291	293	40	)	)	PUNCT
fbem-18291	293	41	gdp	gdp	NOUN
fbem-18291	293	42	0.206	0.206	NUM
fbem-18291	293	43	0.49	0.49	NUM
fbem-18291	293	44	0.624	0.624	NUM
fbem-18291	293	45	(	(	PUNCT
fbem-18291	293	46	0.492	0.492	NUM
fbem-18291	293	47	)	)	PUNCT
fbem-18291	293	48	lnsize	lnsize	VERB
fbem-18291	293	49	3.842	3.842	NUM
fbem-18291	293	50	0.65	0.65	NUM
fbem-18291	293	51	0.514	0.514	NUM
fbem-18291	293	52	(	(	PUNCT
fbem-18291	293	53	0.654	0.654	NUM
fbem-18291	293	54	)	)	PUNCT
fbem-18291	293	55	car	car	NOUN
fbem-18291	293	56	-2.483	-2.483	NOUN
fbem-18291	293	57	*	*	PUNCT
fbem-18291	293	58	*	*	PUNCT
fbem-18291	293	59	*	*	NOUN
fbem-18291	293	60	-3.14	-3.14	PRON
fbem-18291	293	61	0.002	0.002	NUM
fbem-18291	293	62	(	(	PUNCT
fbem-18291	293	63	-3.136	-3.136	NOUN
fbem-18291	293	64	)	)	PUNCT
fbem-18291	293	65	cir	cir	PROPN
fbem-18291	293	66	-0.029	-0.029	PROPN
fbem-18291	293	67	-0.11	-0.11	NUM
fbem-18291	293	68	0.915	0.915	NUM
fbem-18291	293	69	(	(	PUNCT
fbem-18291	293	70	-0.107	-0.107	X
fbem-18291	293	71	)	)	PUNCT
fbem-18291	293	72	npl	npl	NOUN
fbem-18291	293	73	3.600	3.600	NUM
fbem-18291	293	74	1.44	1.44	NUM
fbem-18291	293	75	0.152	0.152	NUM
fbem-18291	293	76	(	(	PUNCT
fbem-18291	293	77	1.439	1.439	NUM
fbem-18291	293	78	)	)	PUNCT
fbem-18291	294	1	_	_	NOUN
fbem-18291	294	2	cons	con	NOUN
fbem-18291	294	3	-40.836	-40.836	PUNCT
fbem-18291	294	4	-0.37	-0.37	NUM
fbem-18291	294	5	0.714	0.714	NUM
fbem-18291	294	6	(	(	PUNCT
fbem-18291	294	7	-0.368	-0.368	NOUN
fbem-18291	294	8	)	)	PUNCT
fbem-18291	294	9	n	n	CCONJ
fbem-18291	294	10	180	180	NUM
fbem-18291	294	11	180	180	NUM
fbem-18291	294	12	180	180	NUM
fbem-18291	294	13	note	note	NOUN
fbem-18291	294	14	:	:	PUNCT
fbem-18291	294	15	the	the	DET
fbem-18291	294	16	t	t	NOUN
fbem-18291	294	17	value	value	NOUN
fbem-18291	294	18	in	in	ADP
fbem-18291	294	19	parentheses	parenthesis	NOUN
fbem-18291	294	20	,	,	PUNCT
fbem-18291	294	21	*	*	PUNCT
fbem-18291	294	22	*	*	PUNCT
fbem-18291	294	23	*	*	PUNCT
fbem-18291	294	24	,	,	PUNCT
fbem-18291	294	25	*	*	PUNCT
fbem-18291	294	26	*	*	PUNCT
fbem-18291	294	27	and	and	CCONJ
fbem-18291	294	28	*	*	AUX
fbem-18291	294	29	are	be	AUX
fbem-18291	294	30	significant	significant	ADJ
fbem-18291	294	31	at	at	ADP
fbem-18291	294	32	the	the	DET
fbem-18291	294	33	level	level	NOUN
fbem-18291	294	34	of	of	ADP
fbem-18291	294	35	1	1	NUM
fbem-18291	294	36	,	,	PUNCT
fbem-18291	294	37	5	5	NUM
fbem-18291	294	38	and	and	CCONJ
fbem-18291	294	39	10	10	NUM
fbem-18291	294	40	percent	percent	NOUN
fbem-18291	294	41	,	,	PUNCT
fbem-18291	294	42	respectively	respectively	ADV
fbem-18291	294	43	.	.	PUNCT
fbem-18291	295	1	from	from	ADP
fbem-18291	295	2	the	the	DET
fbem-18291	295	3	regression	regression	NOUN
fbem-18291	295	4	results	result	NOUN
fbem-18291	295	5	in	in	ADP
fbem-18291	295	6	table	table	NOUN
fbem-18291	295	7	5	5	NUM
fbem-18291	295	8	-	-	SYM
fbem-18291	295	9	2	2	NUM
fbem-18291	295	10	,	,	PUNCT
fbem-18291	295	11	it	it	PRON
fbem-18291	295	12	can	can	AUX
fbem-18291	295	13	be	be	AUX
fbem-18291	295	14	concluded	conclude	VERB
fbem-18291	295	15	that	that	SCONJ
fbem-18291	295	16	the	the	DET
fbem-18291	295	17	coefficient	coefficient	NOUN
fbem-18291	295	18	of	of	ADP
fbem-18291	295	19	the	the	DET
fbem-18291	295	20	impact	impact	NOUN
fbem-18291	295	21	of	of	ADP
fbem-18291	295	22	fintech	fintech	NOUN
fbem-18291	295	23	on	on	ADP
fbem-18291	295	24	commercial	commercial	ADJ
fbem-18291	295	25	bank	bank	NOUN
fbem-18291	295	26	liquidity	liquidity	NOUN
fbem-18291	295	27	is	be	AUX
fbem-18291	295	28	0.133	0.133	NUM
fbem-18291	295	29	and	and	CCONJ
fbem-18291	295	30	is	be	AUX
fbem-18291	295	31	significant	significant	ADJ
fbem-18291	295	32	at	at	ADP
fbem-18291	295	33	the	the	DET
fbem-18291	295	34	1	1	NUM
fbem-18291	295	35	percent	percent	NOUN
fbem-18291	295	36	confidence	confidence	NOUN
fbem-18291	295	37	level	level	NOUN
fbem-18291	295	38	,	,	PUNCT
fbem-18291	295	39	which	which	PRON
fbem-18291	295	40	indicates	indicate	VERB
fbem-18291	295	41	that	that	SCONJ
fbem-18291	295	42	the	the	DET
fbem-18291	295	43	development	development	NOUN
fbem-18291	295	44	of	of	ADP
fbem-18291	295	45	fintech	fintech	NOUN
fbem-18291	295	46	is	be	AUX
fbem-18291	295	47	positively	positively	ADV
fbem-18291	295	48	correlated	correlate	VERB
fbem-18291	295	49	with	with	ADP
fbem-18291	295	50	the	the	DET
fbem-18291	295	51	proportion	proportion	NOUN
fbem-18291	295	52	of	of	ADP
fbem-18291	295	53	commercial	commercial	ADJ
fbem-18291	295	54	bank	bank	PROPN
fbem-18291	295	55	liquidity[64	liquidity[64	PROPN
fbem-18291	295	56	]	]	PUNCT
fbem-18291	295	57	.	.	PUNCT
fbem-18291	296	1	this	this	PRON
fbem-18291	296	2	is	be	AUX
fbem-18291	296	3	due	due	ADJ
fbem-18291	296	4	to	to	ADP
fbem-18291	296	5	the	the	DET
fbem-18291	296	6	fact	fact	NOUN
fbem-18291	296	7	that	that	SCONJ
fbem-18291	296	8	in	in	ADP
fbem-18291	296	9	2021	2021	NUM
fbem-18291	296	10	,	,	PUNCT
fbem-18291	296	11	the	the	DET
fbem-18291	296	12	people	people	NOUN
fbem-18291	296	13	’s	’s	PART
fbem-18291	296	14	bank	bank	PROPN
fbem-18291	296	15	of	of	ADP
fbem-18291	296	16	china	china	PROPN
fbem-18291	296	17	,	,	PUNCT
fbem-18291	296	18	the	the	DET
fbem-18291	296	19	cbrc	cbrc	NOUN
fbem-18291	296	20	,	,	PUNCT
fbem-18291	296	21	the	the	DET
fbem-18291	296	22	csrc	csrc	NOUN
fbem-18291	296	23	,	,	PUNCT
fbem-18291	296	24	the	the	DET
fbem-18291	296	25	foreign	foreign	PROPN
fbem-18291	296	26	exchange	exchange	PROPN
fbem-18291	296	27	bureau	bureau	PROPN
fbem-18291	296	28	and	and	CCONJ
fbem-18291	296	29	other	other	ADJ
fbem-18291	296	30	financial	financial	ADJ
fbem-18291	296	31	management	management	NOUN
fbem-18291	296	32	authorities	authority	NOUN
fbem-18291	296	33	interviewed	interview	VERB
fbem-18291	296	34	more	more	ADJ
fbem-18291	296	35	than	than	ADP
fbem-18291	296	36	a	a	DET
fbem-18291	296	37	dozen	dozen	NOUN
fbem-18291	296	38	chinese	chinese	ADJ
fbem-18291	296	39	fintech	fintech	NOUN
fbem-18291	296	40	company	company	NOUN
fbem-18291	296	41	giants	giant	NOUN
fbem-18291	296	42	,	,	PUNCT
fbem-18291	296	43	including	include	VERB
fbem-18291	296	44	ant	ant	ADJ
fbem-18291	296	45	financial	financial	ADJ
fbem-18291	296	46	services	service	NOUN
fbem-18291	296	47	,	,	PUNCT
fbem-18291	296	48	tencent	tencent	NOUN
fbem-18291	296	49	,	,	PUNCT
fbem-18291	296	50	and	and	CCONJ
fbem-18291	296	51	baidu	baidu	NOUN
fbem-18291	296	52	,	,	PUNCT
fbem-18291	296	53	and	and	CCONJ
fbem-18291	296	54	the	the	DET
fbem-18291	296	55	overhaul	overhaul	NOUN
fbem-18291	296	56	of	of	ADP
fbem-18291	296	57	the	the	DET
fbem-18291	296	58	thirdparty	thirdparty	PROPN
fbem-18291	296	59	fintech	fintech	NOUN
fbem-18291	296	60	investment	investment	NOUN
fbem-18291	296	61	platforms	platform	NOUN
fbem-18291	296	62	swept	sweep	VERB
fbem-18291	296	63	across	across	ADP
fbem-18291	296	64	china	china	PROPN
fbem-18291	296	65	(	(	PUNCT
fbem-18291	296	66	wan	wan	PROPN
fbem-18291	296	67	,	,	PUNCT
fbem-18291	296	68	2021	2021	NUM
fbem-18291	296	69	)	)	PUNCT
fbem-18291	296	70	,	,	PUNCT
fbem-18291	296	71	thus	thus	ADV
fbem-18291	296	72	leading	lead	VERB
fbem-18291	296	73	to	to	ADP
fbem-18291	296	74	the	the	DET
fbem-18291	296	75	fact	fact	NOUN
fbem-18291	296	76	that	that	SCONJ
fbem-18291	296	77	fintech	fintech	NOUN
fbem-18291	296	78	had	have	AUX
fbem-18291	296	79	to	to	PART
fbem-18291	296	80	take	take	VERB
fbem-18291	296	81	the	the	DET
fbem-18291	296	82	initiative	initiative	NOUN
fbem-18291	296	83	to	to	PART
fbem-18291	296	84	weaken	weaken	VERB
fbem-18291	296	85	their	their	PRON
fbem-18291	296	86	own	own	ADJ
fbem-18291	296	87	fund	fund	NOUN
fbem-18291	296	88	-	-	PUNCT
fbem-18291	296	89	raising	raise	VERB
fbem-18291	296	90	function	function	NOUN
fbem-18291	296	91	and	and	CCONJ
fbem-18291	296	92	seek	seek	VERB
fbem-18291	296	93	to	to	PART
fbem-18291	296	94	cooperate	cooperate	VERB
fbem-18291	296	95	with	with	ADP
fbem-18291	296	96	the	the	DET
fbem-18291	296	97	commercial	commercial	ADJ
fbem-18291	296	98	banks	bank	NOUN
fbem-18291	296	99	.	.	PUNCT
fbem-18291	297	1	this	this	PRON
fbem-18291	297	2	has	have	AUX
fbem-18291	297	3	led	lead	VERB
fbem-18291	297	4	to	to	ADP
fbem-18291	297	5	a	a	DET
fbem-18291	297	6	significant	significant	ADJ
fbem-18291	297	7	strengthening	strengthening	NOUN
fbem-18291	297	8	of	of	ADP
fbem-18291	297	9	commercial	commercial	ADJ
fbem-18291	297	10	banks	bank	NOUN
fbem-18291	297	11	’	'	PUNCT
fbem-18291	297	12	deposittaking	deposittake	VERB
fbem-18291	297	13	capacity[65	capacity[65	NOUN
fbem-18291	297	14	]	]	PUNCT
fbem-18291	297	15	moreover	moreover	ADV
fbem-18291	297	16	,	,	PUNCT
fbem-18291	297	17	the	the	DET
fbem-18291	297	18	‘	'	PUNCT
fbem-18291	297	19	china	china	PROPN
fbem-18291	297	20	banker	banker	PROPN
fbem-18291	297	21	survey	survey	PROPN
fbem-18291	297	22	report	report	NOUN
fbem-18291	297	23	2021	2021	NUM
fbem-18291	297	24	’	'	PUNCT
fbem-18291	297	25	reveals	reveal	VERB
fbem-18291	297	26	that	that	SCONJ
fbem-18291	297	27	china	china	PROPN
fbem-18291	297	28	’s	’s	PART
fbem-18291	297	29	banking	banking	NOUN
fbem-18291	297	30	industry	industry	NOUN
fbem-18291	297	31	has	have	AUX
fbem-18291	297	32	set	set	VERB
fbem-18291	297	33	the	the	DET
fbem-18291	297	34	promotion	promotion	NOUN
fbem-18291	297	35	of	of	ADP
fbem-18291	297	36	digital	digital	ADJ
fbem-18291	297	37	transformation	transformation	NOUN
fbem-18291	297	38	as	as	ADP
fbem-18291	297	39	a	a	DET
fbem-18291	297	40	top	top	ADJ
fbem-18291	297	41	priority	priority	NOUN
fbem-18291	297	42	for	for	ADP
fbem-18291	297	43	the	the	DET
fbem-18291	297	44	high	high	ADJ
fbem-18291	297	45	-	-	PUNCT
fbem-18291	297	46	quality	quality	NOUN
fbem-18291	297	47	development	development	NOUN
fbem-18291	297	48	of	of	ADP
fbem-18291	297	49	the	the	DET
fbem-18291	297	50	banking	banking	NOUN
fbem-18291	297	51	industry	industry	NOUN
fbem-18291	297	52	since	since	SCONJ
fbem-18291	297	53	2021	2021	NUM
fbem-18291	297	54	.	.	PUNCT
fbem-18291	298	1	more	more	ADJ
fbem-18291	298	2	than	than	ADP
fbem-18291	298	3	70	70	NUM
fbem-18291	298	4	percent	percent	NOUN
fbem-18291	298	5	of	of	ADP
fbem-18291	298	6	commercial	commercial	ADJ
fbem-18291	298	7	banks	bank	NOUN
fbem-18291	298	8	have	have	AUX
fbem-18291	298	9	invested	invest	VERB
fbem-18291	298	10	more	more	ADJ
fbem-18291	298	11	than	than	ADP
fbem-18291	298	12	2	2	NUM
fbem-18291	298	13	percent	percent	NOUN
fbem-18291	298	14	of	of	ADP
fbem-18291	298	15	their	their	PRON
fbem-18291	298	16	revenue	revenue	NOUN
fbem-18291	298	17	in	in	ADP
fbem-18291	298	18	developing	develop	VERB
fbem-18291	298	19	big	big	ADJ
fbem-18291	298	20	data	datum	NOUN
fbem-18291	298	21	,	,	PUNCT
fbem-18291	298	22	blockchain	blockchain	NOUN
fbem-18291	298	23	and	and	CCONJ
fbem-18291	298	24	cloud	cloud	PROPN
fbem-18291	298	25	computing	computing	NOUN
fbem-18291	298	26	,	,	PUNCT
fbem-18291	298	27	and	and	CCONJ
fbem-18291	298	28	integrating	integrate	VERB
fbem-18291	298	29	them	they	PRON
fbem-18291	298	30	into	into	ADP
fbem-18291	298	31	business	business	NOUN
fbem-18291	298	32	marketing	marketing	NOUN
fbem-18291	298	33	,	,	PUNCT
fbem-18291	298	34	risk	risk	NOUN
fbem-18291	298	35	control	control	NOUN
fbem-18291	298	36	and	and	CCONJ
fbem-18291	298	37	back	back	ADJ
fbem-18291	298	38	-	-	PUNCT
fbem-18291	298	39	office	office	NOUN
fbem-18291	298	40	management	management	NOUN
fbem-18291	298	41	(	(	PUNCT
fbem-18291	298	42	china	china	PROPN
fbem-18291	298	43	banker	banker	PROPN
fbem-18291	298	44	survey	survey	PROPN
fbem-18291	298	45	report	report	NOUN
fbem-18291	298	46	2021	2021	NUM
fbem-18291	298	47	,	,	PUNCT
fbem-18291	298	48	2022	2022	NUM
fbem-18291	298	49	)	)	PUNCT
fbem-18291	298	50	.	.	PUNCT
fbem-18291	299	1	subsequently	subsequently	ADV
fbem-18291	299	2	,	,	PUNCT
fbem-18291	299	3	along	along	ADP
fbem-18291	299	4	with	with	ADP
fbem-18291	299	5	the	the	DET
fbem-18291	299	6	popularisation	popularisation	NOUN
fbem-18291	299	7	of	of	ADP
fbem-18291	299	8	fintech	fintech	NOUN
fbem-18291	299	9	technology	technology	NOUN
fbem-18291	299	10	,	,	PUNCT
fbem-18291	299	11	commercial	commercial	ADJ
fbem-18291	299	12	banks	bank	NOUN
fbem-18291	299	13	have	have	AUX
fbem-18291	299	14	actively	actively	ADV
fbem-18291	299	15	deepened	deepen	VERB
fbem-18291	299	16	supply	supply	NOUN
fbem-18291	299	17	-	-	PUNCT
fbem-18291	299	18	side	side	NOUN
fbem-18291	299	19	structural	structural	ADJ
fbem-18291	299	20	reforms	reform	NOUN
fbem-18291	299	21	and	and	CCONJ
fbem-18291	299	22	enhanced	enhance	VERB
fbem-18291	299	23	their	their	PRON
fbem-18291	299	24	services	service	NOUN
fbem-18291	299	25	to	to	ADP
fbem-18291	299	26	the	the	DET
fbem-18291	299	27	real	real	ADJ
fbem-18291	299	28	economy	economy	NOUN
fbem-18291	299	29	,	,	PUNCT
fbem-18291	299	30	which	which	PRON
fbem-18291	299	31	has	have	AUX
fbem-18291	299	32	also	also	ADV
fbem-18291	299	33	293	293	NUM
fbem-18291	299	34	led	lead	VERB
fbem-18291	299	35	to	to	ADP
fbem-18291	299	36	an	an	DET
fbem-18291	299	37	increase	increase	NOUN
fbem-18291	299	38	in	in	ADP
fbem-18291	299	39	their	their	PRON
fbem-18291	299	40	absorption	absorption	NOUN
fbem-18291	299	41	of	of	ADP
fbem-18291	299	42	a	a	DET
fbem-18291	299	43	wider	wide	ADJ
fbem-18291	299	44	range	range	NOUN
fbem-18291	299	45	of	of	ADP
fbem-18291	299	46	industrial	industrial	ADJ
fbem-18291	299	47	capital	capital	NOUN
fbem-18291	299	48	(	(	PUNCT
fbem-18291	299	49	pricewaterhousecoopers	pricewaterhousecooper	NOUN
fbem-18291	299	50	,	,	PUNCT
fbem-18291	299	51	2022)[66	2022)[66	NUM
fbem-18291	299	52	]	]	PUNCT
fbem-18291	299	53	.	.	PUNCT
fbem-18291	300	1	this	this	DET
fbem-18291	300	2	set	set	NOUN
fbem-18291	300	3	of	of	ADP
fbem-18291	300	4	reasons	reason	NOUN
fbem-18291	300	5	has	have	AUX
fbem-18291	300	6	contributed	contribute	VERB
fbem-18291	300	7	to	to	ADP
fbem-18291	300	8	the	the	DET
fbem-18291	300	9	increase	increase	NOUN
fbem-18291	300	10	in	in	ADP
fbem-18291	300	11	the	the	DET
fbem-18291	300	12	attractiveness	attractiveness	NOUN
fbem-18291	300	13	of	of	ADP
fbem-18291	300	14	commercial	commercial	ADJ
fbem-18291	300	15	bank	bank	NOUN
fbem-18291	300	16	deposits	deposit	NOUN
fbem-18291	300	17	,	,	PUNCT
fbem-18291	300	18	as	as	ADV
fbem-18291	300	19	well	well	ADV
fbem-18291	300	20	as	as	ADP
fbem-18291	300	21	reducing	reduce	VERB
fbem-18291	300	22	costs	cost	NOUN
fbem-18291	300	23	,	,	PUNCT
fbem-18291	300	24	creating	create	VERB
fbem-18291	300	25	more	more	ADJ
fbem-18291	300	26	business	business	NOUN
fbem-18291	300	27	models	model	NOUN
fbem-18291	300	28	,	,	PUNCT
fbem-18291	300	29	and	and	CCONJ
fbem-18291	300	30	increasing	increase	VERB
fbem-18291	300	31	the	the	DET
fbem-18291	300	32	liquidity	liquidity	NOUN
fbem-18291	300	33	ratio[67	ratio[67	NOUN
fbem-18291	300	34	]	]	PUNCT
fbem-18291	300	35	.	.	PUNCT
fbem-18291	301	1	with	with	ADP
fbem-18291	301	2	regards	regard	NOUN
fbem-18291	301	3	to	to	ADP
fbem-18291	301	4	the	the	DET
fbem-18291	301	5	control	control	NOUN
fbem-18291	301	6	variables	variable	NOUN
fbem-18291	301	7	,	,	PUNCT
fbem-18291	301	8	the	the	DET
fbem-18291	301	9	coefficient	coefficient	NOUN
fbem-18291	301	10	of	of	ADP
fbem-18291	301	11	m2	m2	PROPN
fbem-18291	301	12	growth	growth	NOUN
fbem-18291	301	13	rate	rate	NOUN
fbem-18291	301	14	and	and	CCONJ
fbem-18291	301	15	liquidity	liquidity	NOUN
fbem-18291	301	16	risk	risk	NOUN
fbem-18291	301	17	is	be	AUX
fbem-18291	301	18	positive	positive	ADJ
fbem-18291	301	19	and	and	CCONJ
fbem-18291	301	20	significant	significant	ADJ
fbem-18291	301	21	at	at	ADP
fbem-18291	301	22	the	the	DET
fbem-18291	301	23	10	10	NUM
fbem-18291	301	24	percent	percent	NOUN
fbem-18291	301	25	level	level	NOUN
fbem-18291	301	26	.	.	PUNCT
fbem-18291	302	1	this	this	PRON
fbem-18291	302	2	is	be	AUX
fbem-18291	302	3	because	because	SCONJ
fbem-18291	302	4	an	an	DET
fbem-18291	302	5	increase	increase	NOUN
fbem-18291	302	6	in	in	ADP
fbem-18291	302	7	the	the	DET
fbem-18291	302	8	amount	amount	NOUN
fbem-18291	302	9	of	of	ADP
fbem-18291	302	10	money	money	NOUN
fbem-18291	302	11	in	in	ADP
fbem-18291	302	12	circulation	circulation	NOUN
fbem-18291	302	13	is	be	AUX
fbem-18291	302	14	to	to	ADP
fbem-18291	302	15	some	some	DET
fbem-18291	302	16	extent	extent	NOUN
fbem-18291	302	17	accompanied	accompany	VERB
fbem-18291	302	18	by	by	ADP
fbem-18291	302	19	more	more	ADJ
fbem-18291	302	20	funds	fund	NOUN
fbem-18291	302	21	being	be	AUX
fbem-18291	302	22	deposited	deposit	VERB
fbem-18291	302	23	into	into	ADP
fbem-18291	302	24	the	the	DET
fbem-18291	302	25	banking	banking	NOUN
fbem-18291	302	26	system	system	NOUN
fbem-18291	302	27	,	,	PUNCT
fbem-18291	302	28	which	which	PRON
fbem-18291	302	29	both	both	PRON
fbem-18291	302	30	subjectively	subjectively	ADV
fbem-18291	302	31	increases	increase	VERB
fbem-18291	302	32	the	the	DET
fbem-18291	302	33	liquidity	liquidity	NOUN
fbem-18291	302	34	of	of	ADP
fbem-18291	302	35	commercial	commercial	ADJ
fbem-18291	302	36	banks	bank	NOUN
fbem-18291	302	37	and	and	CCONJ
fbem-18291	302	38	objectively	objectively	ADV
fbem-18291	302	39	requires	require	VERB
fbem-18291	302	40	them	they	PRON
fbem-18291	302	41	to	to	PART
fbem-18291	302	42	enhance	enhance	VERB
fbem-18291	302	43	their	their	PRON
fbem-18291	302	44	own	own	ADJ
fbem-18291	302	45	liquidity	liquidity	NOUN
fbem-18291	302	46	to	to	PART
fbem-18291	302	47	meet	meet	VERB
fbem-18291	302	48	the	the	DET
fbem-18291	302	49	payment	payment	NOUN
fbem-18291	302	50	needs	need	NOUN
fbem-18291	302	51	of	of	ADP
fbem-18291	302	52	their	their	PRON
fbem-18291	302	53	customers[68	customers[68	NOUN
fbem-18291	302	54	]	]	X
fbem-18291	302	55	.	.	PUNCT
fbem-18291	303	1	however	however	ADV
fbem-18291	303	2	,	,	PUNCT
fbem-18291	303	3	simultaneously	simultaneously	ADV
fbem-18291	303	4	,	,	PUNCT
fbem-18291	303	5	car	car	NOUN
fbem-18291	303	6	reveals	reveal	VERB
fbem-18291	303	7	a	a	DET
fbem-18291	303	8	negative	negative	ADJ
fbem-18291	303	9	correlation	correlation	NOUN
fbem-18291	303	10	with	with	ADP
fbem-18291	303	11	the	the	DET
fbem-18291	303	12	commercial	commercial	ADJ
fbem-18291	303	13	bank	bank	PROPN
fbem-18291	303	14	liquidity	liquidity	NOUN
fbem-18291	303	15	ratio	ratio	NOUN
fbem-18291	303	16	and	and	CCONJ
fbem-18291	303	17	is	be	AUX
fbem-18291	303	18	significant	significant	ADJ
fbem-18291	303	19	at	at	ADP
fbem-18291	303	20	the	the	DET
fbem-18291	303	21	1	1	NUM
fbem-18291	303	22	percent	percent	NOUN
fbem-18291	303	23	confidence	confidence	NOUN
fbem-18291	303	24	level	level	NOUN
fbem-18291	303	25	.	.	PUNCT
fbem-18291	304	1	this	this	PRON
fbem-18291	304	2	is	be	AUX
fbem-18291	304	3	because	because	SCONJ
fbem-18291	304	4	the	the	DET
fbem-18291	304	5	impact	impact	NOUN
fbem-18291	304	6	of	of	ADP
fbem-18291	304	7	the	the	DET
fbem-18291	304	8	pandemic	pandemic	ADJ
fbem-18291	304	9	,	,	PUNCT
fbem-18291	304	10	commercial	commercial	ADJ
fbem-18291	304	11	banks	bank	NOUN
fbem-18291	304	12	in	in	ADP
fbem-18291	304	13	china	china	PROPN
fbem-18291	304	14	have	have	AUX
fbem-18291	304	15	strengthened	strengthen	VERB
fbem-18291	304	16	their	their	PRON
fbem-18291	304	17	financial	financial	ADJ
fbem-18291	304	18	support	support	NOUN
fbem-18291	304	19	to	to	ADP
fbem-18291	304	20	individuals	individual	NOUN
fbem-18291	304	21	,	,	PUNCT
fbem-18291	304	22	enterprises	enterprise	NOUN
fbem-18291	304	23	,	,	PUNCT
fbem-18291	304	24	and	and	CCONJ
fbem-18291	304	25	local	local	ADJ
fbem-18291	304	26	governments	government	NOUN
fbem-18291	304	27	according	accord	VERB
fbem-18291	304	28	to	to	ADP
fbem-18291	304	29	the	the	DET
fbem-18291	304	30	government	government	NOUN
fbem-18291	304	31	’s	’s	PART
fbem-18291	304	32	requirements	requirement	NOUN
fbem-18291	304	33	to	to	PART
fbem-18291	304	34	ensure	ensure	VERB
fbem-18291	304	35	the	the	DET
fbem-18291	304	36	normal	normal	ADJ
fbem-18291	304	37	social	social	ADJ
fbem-18291	304	38	order	order	NOUN
fbem-18291	304	39	(	(	PUNCT
fbem-18291	304	40	china	china	PROPN
fbem-18291	304	41	banking	banking	PROPN
fbem-18291	304	42	and	and	CCONJ
fbem-18291	304	43	insurance	insurance	NOUN
fbem-18291	304	44	regulatory	regulatory	ADJ
fbem-18291	304	45	commission	commission	PROPN
fbem-18291	304	46	general	general	ADJ
fbem-18291	304	47	office	office	NOUN
fbem-18291	304	48	,	,	PUNCT
fbem-18291	304	49	2022	2022	NUM
fbem-18291	304	50	)	)	PUNCT
fbem-18291	304	51	.	.	PUNCT
fbem-18291	305	1	as	as	ADP
fbem-18291	305	2	a	a	DET
fbem-18291	305	3	result	result	NOUN
fbem-18291	305	4	,	,	PUNCT
fbem-18291	305	5	commercial	commercial	ADJ
fbem-18291	305	6	banks	bank	NOUN
fbem-18291	305	7	reduced	reduce	VERB
fbem-18291	305	8	their	their	PRON
fbem-18291	305	9	holdings	holding	NOUN
fbem-18291	305	10	of	of	ADP
fbem-18291	305	11	risky	risky	ADJ
fbem-18291	305	12	but	but	CCONJ
fbem-18291	305	13	more	more	ADJ
fbem-18291	305	14	liquid	liquid	ADJ
fbem-18291	305	15	assets	asset	NOUN
fbem-18291	305	16	,	,	PUNCT
fbem-18291	305	17	such	such	ADJ
fbem-18291	305	18	as	as	ADP
fbem-18291	305	19	short	short	ADJ
fbem-18291	305	20	-	-	PUNCT
fbem-18291	305	21	term	term	NOUN
fbem-18291	305	22	bonds	bond	NOUN
fbem-18291	305	23	and	and	CCONJ
fbem-18291	305	24	highly	highly	ADV
fbem-18291	305	25	liquid	liquid	ADJ
fbem-18291	305	26	securities	security	NOUN
fbem-18291	305	27	,	,	PUNCT
fbem-18291	305	28	to	to	PART
fbem-18291	305	29	ensure	ensure	VERB
fbem-18291	305	30	capital	capital	NOUN
fbem-18291	305	31	adequacy	adequacy	NOUN
fbem-18291	305	32	(	(	PUNCT
fbem-18291	305	33	china	china	PROPN
fbem-18291	305	34	banking	banking	PROPN
fbem-18291	305	35	and	and	CCONJ
fbem-18291	305	36	insurance	insurance	NOUN
fbem-18291	305	37	regulatory	regulatory	ADJ
fbem-18291	305	38	commission	commission	PROPN
fbem-18291	305	39	general	general	PROPN
fbem-18291	305	40	office	office	NOUN
fbem-18291	305	41	,	,	PUNCT
fbem-18291	305	42	2022)[69	2022)[69	PROPN
fbem-18291	305	43	]	]	X
fbem-18291	305	44	the	the	DET
fbem-18291	305	45	impact	impact	NOUN
fbem-18291	305	46	coefficients	coefficient	NOUN
fbem-18291	305	47	of	of	ADP
fbem-18291	305	48	non	non	ADJ
fbem-18291	305	49	-	-	ADJ
fbem-18291	305	50	performing	performing	ADJ
fbem-18291	305	51	loan	loan	NOUN
fbem-18291	305	52	ratio	ratio	NOUN
fbem-18291	305	53	(	(	PUNCT
fbem-18291	305	54	npl	npl	PROPN
fbem-18291	305	55	)	)	PUNCT
fbem-18291	305	56	,	,	PUNCT
fbem-18291	305	57	cost	cost	NOUN
fbem-18291	305	58	-	-	PUNCT
fbem-18291	305	59	to	to	ADP
fbem-18291	305	60	-	-	PUNCT
fbem-18291	305	61	income	income	NOUN
fbem-18291	305	62	ratio	ratio	NOUN
fbem-18291	305	63	(	(	PUNCT
fbem-18291	305	64	cir	cir	NOUN
fbem-18291	305	65	)	)	PUNCT
fbem-18291	305	66	,	,	PUNCT
fbem-18291	305	67	and	and	CCONJ
fbem-18291	305	68	gdp	gdp	NOUN
fbem-18291	305	69	growth	growth	NOUN
fbem-18291	305	70	rate	rate	NOUN
fbem-18291	305	71	do	do	AUX
fbem-18291	305	72	not	not	PART
fbem-18291	305	73	pass	pass	VERB
fbem-18291	305	74	the	the	DET
fbem-18291	305	75	significance	significance	NOUN
fbem-18291	305	76	test	test	NOUN
fbem-18291	305	77	,	,	PUNCT
fbem-18291	305	78	which	which	PRON
fbem-18291	305	79	may	may	AUX
fbem-18291	305	80	be	be	AUX
fbem-18291	305	81	due	due	ADJ
fbem-18291	305	82	to	to	ADP
fbem-18291	305	83	the	the	DET
fbem-18291	305	84	impact	impact	NOUN
fbem-18291	305	85	of	of	ADP
fbem-18291	305	86	the	the	DET
fbem-18291	305	87	pandemic	pandemic	NOUN
fbem-18291	305	88	.	.	PUNCT
fbem-18291	306	1	during	during	ADP
fbem-18291	306	2	the	the	DET
fbem-18291	306	3	pandemic	pandemic	ADJ
fbem-18291	306	4	period	period	NOUN
fbem-18291	306	5	,	,	PUNCT
fbem-18291	306	6	‘	'	PUNCT
fbem-18291	306	7	the	the	DET
fbem-18291	306	8	notice	notice	NOUN
fbem-18291	306	9	on	on	ADP
fbem-18291	306	10	further	far	ADV
fbem-18291	306	11	strengthening	strengthen	VERB
fbem-18291	306	12	financial	financial	ADJ
fbem-18291	306	13	support	support	NOUN
fbem-18291	306	14	to	to	PART
fbem-18291	306	15	prevent	prevent	VERB
fbem-18291	306	16	and	and	CCONJ
fbem-18291	306	17	control	control	VERB
fbem-18291	306	18	the	the	DET
fbem-18291	306	19	pneumonia	pneumonia	NOUN
fbem-18291	306	20	epidemic	epidemic	NOUN
fbem-18291	306	21	of	of	ADP
fbem-18291	306	22	novel	novel	ADJ
fbem-18291	306	23	coronavirus	coronavirus	NOUN
fbem-18291	306	24	infection	infection	NOUN
fbem-18291	306	25	’	'	PUNCT
fbem-18291	306	26	(	(	PUNCT
fbem-18291	306	27	xinmeng	xinmeng	PROPN
fbem-18291	306	28	fan	fan	PROPN
fbem-18291	306	29	,	,	PUNCT
fbem-18291	306	30	2020	2020	NUM
fbem-18291	306	31	)	)	PUNCT
fbem-18291	306	32	issued	issue	VERB
fbem-18291	306	33	by	by	ADP
fbem-18291	306	34	the	the	DET
fbem-18291	306	35	state	state	PROPN
fbem-18291	306	36	council	council	PROPN
fbem-18291	306	37	of	of	ADP
fbem-18291	306	38	china	china	PROPN
fbem-18291	306	39	was	be	AUX
fbem-18291	306	40	introduced	introduce	VERB
fbem-18291	306	41	,	,	PUNCT
fbem-18291	306	42	in	in	ADP
fbem-18291	306	43	which	which	PRON
fbem-18291	306	44	the	the	DET
fbem-18291	306	45	government	government	NOUN
fbem-18291	306	46	required	require	VERB
fbem-18291	306	47	commercial	commercial	ADJ
fbem-18291	306	48	banks	bank	NOUN
fbem-18291	306	49	to	to	PART
fbem-18291	306	50	fully	fully	ADV
fbem-18291	306	51	implement	implement	VERB
fbem-18291	306	52	differentiated	differentiated	ADJ
fbem-18291	306	53	and	and	CCONJ
fbem-18291	306	54	preferential	preferential	ADJ
fbem-18291	306	55	financial	financial	ADJ
fbem-18291	306	56	services	service	NOUN
fbem-18291	306	57	,	,	PUNCT
fbem-18291	306	58	providing	provide	VERB
fbem-18291	306	59	flexible	flexible	ADJ
fbem-18291	306	60	housing	housing	NOUN
fbem-18291	306	61	mortgages	mortgage	NOUN
fbem-18291	306	62	,	,	PUNCT
fbem-18291	306	63	personal	personal	ADJ
fbem-18291	306	64	credits	credit	NOUN
fbem-18291	306	65	,	,	PUNCT
fbem-18291	306	66	and	and	CCONJ
fbem-18291	306	67	priority	priority	NOUN
fbem-18291	306	68	claims	claim	NOUN
fbem-18291	306	69	for	for	ADP
fbem-18291	306	70	individuals	individual	NOUN
fbem-18291	306	71	;	;	PUNCT
fbem-18291	306	72	and	and	CCONJ
fbem-18291	306	73	deferring	defer	VERB
fbem-18291	306	74	repayments	repayment	NOUN
fbem-18291	306	75	,	,	PUNCT
fbem-18291	306	76	reasonably	reasonably	ADV
fbem-18291	306	77	renewing	renew	VERB
fbem-18291	306	78	loans	loan	NOUN
fbem-18291	306	79	,	,	PUNCT
fbem-18291	306	80	and	and	CCONJ
fbem-18291	306	81	increasing	increase	VERB
fbem-18291	306	82	credits	credit	NOUN
fbem-18291	306	83	for	for	ADP
fbem-18291	306	84	enterprises	enterprise	NOUN
fbem-18291	306	85	.	.	PUNCT
fbem-18291	307	1	this	this	DET
fbem-18291	307	2	policy	policy	NOUN
fbem-18291	307	3	,	,	PUNCT
fbem-18291	307	4	which	which	PRON
fbem-18291	307	5	continues	continue	VERB
fbem-18291	307	6	to	to	ADP
fbem-18291	307	7	this	this	DET
fbem-18291	307	8	day	day	NOUN
fbem-18291	307	9	(	(	PUNCT
fbem-18291	307	10	china	china	PROPN
fbem-18291	307	11	banking	banking	PROPN
fbem-18291	307	12	and	and	CCONJ
fbem-18291	307	13	insurance	insurance	NOUN
fbem-18291	307	14	regulatory	regulatory	ADJ
fbem-18291	307	15	commission	commission	PROPN
fbem-18291	307	16	general	general	ADJ
fbem-18291	307	17	office	office	NOUN
fbem-18291	307	18	,	,	PUNCT
fbem-18291	307	19	2022	2022	NUM
fbem-18291	307	20	)	)	PUNCT
fbem-18291	307	21	,	,	PUNCT
fbem-18291	307	22	has	have	AUX
fbem-18291	307	23	greatly	greatly	ADV
fbem-18291	307	24	revitalised	revitalise	VERB
fbem-18291	307	25	china	china	PROPN
fbem-18291	307	26	’s	’s	PART
fbem-18291	307	27	economy	economy	NOUN
fbem-18291	307	28	,	,	PUNCT
fbem-18291	307	29	but	but	CCONJ
fbem-18291	307	30	has	have	AUX
fbem-18291	307	31	simultaneously	simultaneously	ADV
fbem-18291	307	32	had	have	VERB
fbem-18291	307	33	a	a	DET
fbem-18291	307	34	serious	serious	ADJ
fbem-18291	307	35	impact	impact	NOUN
fbem-18291	307	36	on	on	ADP
fbem-18291	307	37	the	the	DET
fbem-18291	307	38	profitability	profitability	NOUN
fbem-18291	307	39	and	and	CCONJ
fbem-18291	307	40	operational	operational	ADJ
fbem-18291	307	41	efficiency	efficiency	NOUN
fbem-18291	307	42	of	of	ADP
fbem-18291	307	43	commercial	commercial	ADJ
fbem-18291	307	44	banks	bank	NOUN
fbem-18291	307	45	(	(	PUNCT
fbem-18291	307	46	kpmg	kpmg	PROPN
fbem-18291	307	47	china	china	PROPN
fbem-18291	307	48	,	,	PUNCT
fbem-18291	307	49	2020	2020	NUM
fbem-18291	307	50	)	)	PUNCT
fbem-18291	307	51	.	.	PUNCT
fbem-18291	308	1	a	a	DET
fbem-18291	308	2	series	series	NOUN
fbem-18291	308	3	of	of	ADP
fbem-18291	308	4	objective	objective	ADJ
fbem-18291	308	5	reasons	reason	NOUN
fbem-18291	308	6	lead	lead	VERB
fbem-18291	308	7	to	to	ADP
fbem-18291	308	8	the	the	DET
fbem-18291	308	9	fact	fact	NOUN
fbem-18291	308	10	that	that	SCONJ
fbem-18291	308	11	the	the	DET
fbem-18291	308	12	data	datum	NOUN
fbem-18291	308	13	from	from	ADP
fbem-18291	308	14	19	19	NUM
fbem-18291	308	15	years	year	NOUN
fbem-18291	308	16	to	to	ADP
fbem-18291	308	17	the	the	DET
fbem-18291	308	18	present	present	NOUN
fbem-18291	308	19	can	can	AUX
fbem-18291	308	20	not	not	PART
fbem-18291	308	21	fully	fully	ADV
fbem-18291	308	22	and	and	CCONJ
fbem-18291	308	23	accurately	accurately	ADV
fbem-18291	308	24	reflect	reflect	VERB
fbem-18291	308	25	the	the	DET
fbem-18291	308	26	brief	brief	ADJ
fbem-18291	308	27	operating	operate	VERB
fbem-18291	308	28	situation	situation	NOUN
fbem-18291	308	29	of	of	ADP
fbem-18291	308	30	commercial	commercial	ADJ
fbem-18291	308	31	banks	bank	NOUN
fbem-18291	308	32	,	,	PUNCT
fbem-18291	308	33	and	and	CCONJ
fbem-18291	308	34	thus	thus	ADV
fbem-18291	308	35	some	some	PRON
fbem-18291	308	36	of	of	ADP
fbem-18291	308	37	the	the	DET
fbem-18291	308	38	data	datum	NOUN
fbem-18291	308	39	may	may	AUX
fbem-18291	308	40	not	not	PART
fbem-18291	308	41	accurately	accurately	ADV
fbem-18291	308	42	reflect	reflect	VERB
fbem-18291	308	43	the	the	DET
fbem-18291	308	44	impact	impact	NOUN
fbem-18291	308	45	in	in	ADP
fbem-18291	308	46	the	the	DET
fbem-18291	308	47	regression	regression	NOUN
fbem-18291	308	48	model	model	NOUN
fbem-18291	308	49	.	.	PUNCT
fbem-18291	309	1	therefore	therefore	ADV
fbem-18291	309	2	,	,	PUNCT
fbem-18291	309	3	hypothesis	hypothesis	NOUN
fbem-18291	309	4	1	1	NUM
fbem-18291	309	5	holds[70	holds[70	NOUN
fbem-18291	309	6	]	]	PUNCT
fbem-18291	309	7	5.3	5.3	NUM
fbem-18291	309	8	.	.	PUNCT
fbem-18291	309	9	intermediary	intermediary	ADJ
fbem-18291	309	10	analysis	analysis	NOUN
fbem-18291	309	11	based	base	VERB
fbem-18291	309	12	on	on	ADP
fbem-18291	309	13	the	the	DET
fbem-18291	309	14	research	research	NOUN
fbem-18291	309	15	hypotheses	hypothesis	NOUN
fbem-18291	309	16	presented	present	VERB
fbem-18291	309	17	in	in	ADP
fbem-18291	309	18	the	the	DET
fbem-18291	309	19	literature	literature	NOUN
fbem-18291	309	20	review	review	NOUN
fbem-18291	309	21	of	of	ADP
fbem-18291	309	22	this	this	DET
fbem-18291	309	23	paper	paper	NOUN
fbem-18291	309	24	,	,	PUNCT
fbem-18291	309	25	the	the	DET
fbem-18291	309	26	following	follow	VERB
fbem-18291	309	27	verifies	verifie	NOUN
fbem-18291	309	28	whether	whether	SCONJ
fbem-18291	309	29	fintech	fintech	NOUN
fbem-18291	309	30	affects	affect	VERB
fbem-18291	309	31	commercial	commercial	ADJ
fbem-18291	309	32	bank	bank	NOUN
fbem-18291	309	33	liquidity	liquidity	NOUN
fbem-18291	309	34	through	through	ADP
fbem-18291	309	35	nim	nim	PROPN
fbem-18291	309	36	and	and	CCONJ
fbem-18291	309	37	nir	nir	NOUN
fbem-18291	309	38	,	,	PUNCT
fbem-18291	309	39	respectively[71	respectively[71	VERB
fbem-18291	309	40	]	]	X
fbem-18291	309	41	5.3.1	5.3.1	X
fbem-18291	309	42	.	.	PUNCT
fbem-18291	309	43	nim	nim	PROPN
fbem-18291	309	44	fintech	fintech	PROPN
fbem-18291	309	45	has	have	AUX
fbem-18291	309	46	spawned	spawn	VERB
fbem-18291	309	47	third	third	ADJ
fbem-18291	309	48	-	-	PUNCT
fbem-18291	309	49	party	party	NOUN
fbem-18291	309	50	payment	payment	NOUN
fbem-18291	309	51	platforms	platform	NOUN
fbem-18291	309	52	in	in	ADP
fbem-18291	309	53	china	china	PROPN
fbem-18291	309	54	,	,	PUNCT
fbem-18291	309	55	primarily	primarily	ADV
fbem-18291	309	56	wechat	wechat	NOUN
fbem-18291	309	57	and	and	CCONJ
fbem-18291	309	58	alipay	alipay	PROPN
fbem-18291	309	59	.	.	PROPN
fbem-18291	310	1	due	due	ADP
fbem-18291	310	2	to	to	ADP
fbem-18291	310	3	the	the	DET
fbem-18291	310	4	advantages	advantage	NOUN
fbem-18291	310	5	of	of	ADP
fbem-18291	310	6	high	high	ADJ
fbem-18291	310	7	interest	interest	NOUN
fbem-18291	310	8	rates	rate	NOUN
fbem-18291	310	9	and	and	CCONJ
fbem-18291	310	10	convenience	convenience	NOUN
fbem-18291	310	11	of	of	ADP
fbem-18291	310	12	their	their	PRON
fbem-18291	310	13	financial	financial	ADJ
fbem-18291	310	14	products	product	NOUN
fbem-18291	310	15	,	,	PUNCT
fbem-18291	310	16	they	they	PRON
fbem-18291	310	17	have	have	AUX
fbem-18291	310	18	absorbed	absorb	VERB
fbem-18291	310	19	a	a	DET
fbem-18291	310	20	large	large	ADJ
fbem-18291	310	21	number	number	NOUN
fbem-18291	310	22	of	of	ADP
fbem-18291	310	23	deposits	deposit	NOUN
fbem-18291	310	24	from	from	ADP
fbem-18291	310	25	residents(tai	residents(tai	PROPN
fbem-18291	310	26	,	,	PUNCT
fbem-18291	310	27	2020	2020	NUM
fbem-18291	310	28	)	)	PUNCT
fbem-18291	310	29	.	.	PUNCT
fbem-18291	311	1	influenced	influence	VERB
fbem-18291	311	2	by	by	ADP
fbem-18291	311	3	such	such	ADJ
fbem-18291	311	4	third	third	ADJ
fbem-18291	311	5	-	-	PUNCT
fbem-18291	311	6	party	party	NOUN
fbem-18291	311	7	platforms	platform	NOUN
fbem-18291	311	8	,	,	PUNCT
fbem-18291	311	9	commercial	commercial	ADJ
fbem-18291	311	10	banks	bank	NOUN
fbem-18291	311	11	have	have	AUX
fbem-18291	311	12	had	have	VERB
fbem-18291	311	13	to	to	PART
fbem-18291	311	14	raise	raise	VERB
fbem-18291	311	15	deposit	deposit	NOUN
fbem-18291	311	16	rates	rate	NOUN
fbem-18291	311	17	to	to	PART
fbem-18291	311	18	attract	attract	VERB
fbem-18291	311	19	deposit[72	deposit[72	NOUN
fbem-18291	311	20	]	]	PUNCT
fbem-18291	311	21	.	.	PUNCT
fbem-18291	312	1	this	this	PRON
fbem-18291	312	2	means	mean	VERB
fbem-18291	312	3	that	that	SCONJ
fbem-18291	312	4	the	the	DET
fbem-18291	312	5	net	net	ADJ
fbem-18291	312	6	interest	interest	NOUN
fbem-18291	312	7	income	income	NOUN
fbem-18291	312	8	of	of	ADP
fbem-18291	312	9	banks	bank	NOUN
fbem-18291	312	10	will	will	AUX
fbem-18291	312	11	fall	fall	VERB
fbem-18291	312	12	,	,	PUNCT
fbem-18291	312	13	and	and	CCONJ
fbem-18291	312	14	the	the	DET
fbem-18291	312	15	nim	nim	PROPN
fbem-18291	312	16	will	will	AUX
fbem-18291	312	17	fall	fall	VERB
fbem-18291	312	18	as	as	ADV
fbem-18291	312	19	well	well	ADV
fbem-18291	312	20	.	.	PUNCT
fbem-18291	313	1	the	the	DET
fbem-18291	313	2	reduction	reduction	NOUN
fbem-18291	313	3	in	in	ADP
fbem-18291	313	4	profitability	profitability	NOUN
fbem-18291	313	5	will	will	AUX
fbem-18291	313	6	reduce	reduce	VERB
fbem-18291	313	7	commercial	commercial	ADJ
fbem-18291	313	8	bank	bank	NOUN
fbem-18291	313	9	liquidity	liquidity	NOUN
fbem-18291	313	10	,	,	PUNCT
fbem-18291	313	11	and	and	CCONJ
fbem-18291	313	12	thus	thus	ADV
fbem-18291	313	13	this	this	DET
fbem-18291	313	14	paper	paper	NOUN
fbem-18291	313	15	chooses	choose	VERB
fbem-18291	313	16	nim	nim	PROPN
fbem-18291	313	17	as	as	ADP
fbem-18291	313	18	the	the	DET
fbem-18291	313	19	mediating	mediate	VERB
fbem-18291	313	20	variable	variable	NOUN
fbem-18291	313	21	to	to	PART
fbem-18291	313	22	test	test	VERB
fbem-18291	313	23	the	the	DET
fbem-18291	313	24	impact	impact	NOUN
fbem-18291	313	25	of	of	ADP
fbem-18291	313	26	fintech	fintech	NOUN
fbem-18291	313	27	on	on	ADP
fbem-18291	313	28	commercial	commercial	ADJ
fbem-18291	313	29	bank	bank	NOUN
fbem-18291	313	30	liquidity	liquidity	NOUN
fbem-18291	313	31	.	.	PUNCT
fbem-18291	314	1	the	the	DET
fbem-18291	314	2	results	result	NOUN
fbem-18291	314	3	are	be	AUX
fbem-18291	314	4	presented	present	VERB
fbem-18291	314	5	in	in	ADP
fbem-18291	314	6	table	table	NOUN
fbem-18291	314	7	5	5	NUM
fbem-18291	314	8	-	-	SYM
fbem-18291	314	9	3[73	3[73	NUM
fbem-18291	314	10	]	]	PUNCT
fbem-18291	314	11	.	.	PUNCT
fbem-18291	315	1	table	table	NOUN
fbem-18291	315	2	5	5	NUM
fbem-18291	315	3	-	-	SYM
fbem-18291	315	4	3	3	NUM
fbem-18291	315	5	.	.	PUNCT
fbem-18291	315	6	empirical	empirical	ADJ
fbem-18291	315	7	results	result	NOUN
fbem-18291	315	8	of	of	ADP
fbem-18291	315	9	the	the	DET
fbem-18291	315	10	mediation	mediation	NOUN
fbem-18291	315	11	effect	effect	NOUN
fbem-18291	315	12	test	test	NOUN
fbem-18291	315	13	for	for	ADP
fbem-18291	315	14	nim	nim	PROPN
fbem-18291	315	15	model	model	PROPN
fbem-18291	315	16	4	4	NUM
fbem-18291	315	17	-	-	SYM
fbem-18291	315	18	1	1	NUM
fbem-18291	315	19	model	model	NOUN
fbem-18291	315	20	4	4	NUM
fbem-18291	315	21	-	-	SYM
fbem-18291	315	22	5	5	NUM
fbem-18291	315	23	model4	model4	NOUN
fbem-18291	315	24	-	-	PUNCT
fbem-18291	315	25	6	6	NUM
fbem-18291	315	26	lr	lr	PROPN
fbem-18291	315	27	nim	nim	PROPN
fbem-18291	315	28	lr	lr	PROPN
fbem-18291	315	29	fi	fi	NOUN
fbem-18291	315	30	0.133	0.133	NOUN
fbem-18291	315	31	*	*	PUNCT
fbem-18291	315	32	*	*	PUNCT
fbem-18291	315	33	*	*	PUNCT
fbem-18291	315	34	-0.002	-0.002	PUNCT
fbem-18291	315	35	*	*	PUNCT
fbem-18291	315	36	*	*	PUNCT
fbem-18291	315	37	*	*	PUNCT
fbem-18291	315	38	0.133	0.133	NUM
fbem-18291	315	39	*	*	PUNCT
fbem-18291	315	40	*	*	PUNCT
fbem-18291	315	41	*	*	PUNCT
fbem-18291	315	42	(	(	PUNCT
fbem-18291	315	43	4.068	4.068	NUM
fbem-18291	315	44	)	)	PUNCT
fbem-18291	315	45	(	(	PUNCT
fbem-18291	315	46	0.343	0.343	NUM
fbem-18291	315	47	)	)	PUNCT
fbem-18291	315	48	(	(	PUNCT
fbem-18291	315	49	4.057	4.057	NUM
fbem-18291	315	50	)	)	PUNCT
fbem-18291	315	51	m2	m2	PROPN
fbem-18291	315	52	0.849	0.849	NUM
fbem-18291	315	53	*	*	PUNCT
fbem-18291	315	54	0.048	0.048	NUM
fbem-18291	315	55	*	*	PUNCT
fbem-18291	315	56	*	*	PUNCT
fbem-18291	315	57	*	*	PUNCT
fbem-18291	315	58	0.865	0.865	NUM
fbem-18291	315	59	*	*	PUNCT
fbem-18291	315	60	(	(	PUNCT
fbem-18291	315	61	1.901	1.901	NUM
fbem-18291	315	62	)	)	PUNCT
fbem-18291	315	63	(	(	PUNCT
fbem-18291	315	64	4.445	4.445	NUM
fbem-18291	315	65	)	)	PUNCT
fbem-18291	315	66	(	(	PUNCT
fbem-18291	315	67	1.820	1.820	NUM
fbem-18291	315	68	)	)	PUNCT
fbem-18291	315	69	gdp	gdp	NOUN
fbem-18291	315	70	0.206	0.206	NUM
fbem-18291	315	71	0.007	0.007	NUM
fbem-18291	315	72	0.208	0.208	NUM
fbem-18291	315	73	(	(	PUNCT
fbem-18291	315	74	0.492	0.492	NUM
fbem-18291	315	75	)	)	PUNCT
fbem-18291	315	76	(	(	PUNCT
fbem-18291	315	77	0.727	0.727	NUM
fbem-18291	315	78	)	)	PUNCT
fbem-18291	315	79	(	(	PUNCT
fbem-18291	315	80	0.495	0.495	NUM
fbem-18291	315	81	)	)	PUNCT
fbem-18291	315	82	lnsize	lnsize	VERB
fbem-18291	315	83	3.842	3.842	NUM
fbem-18291	315	84	-0.437	-0.437	NOUN
fbem-18291	315	85	*	*	PUNCT
fbem-18291	315	86	*	*	PUNCT
fbem-18291	315	87	*	*	PUNCT
fbem-18291	315	88	3.692	3.692	NUM
fbem-18291	315	89	(	(	PUNCT
fbem-18291	315	90	0.654	0.654	NUM
fbem-18291	315	91	)	)	PUNCT
fbem-18291	315	92	(	(	PUNCT
fbem-18291	315	93	-3.082	-3.082	NUM
fbem-18291	315	94	)	)	PUNCT
fbem-18291	315	95	(	(	PUNCT
fbem-18291	315	96	0.608	0.608	NUM
fbem-18291	315	97	)	)	PUNCT
fbem-18291	315	98	car	car	NOUN
fbem-18291	315	99	-2.483	-2.483	NOUN
fbem-18291	315	100	*	*	PUNCT
fbem-18291	315	101	*	*	PUNCT
fbem-18291	315	102	*	*	PUNCT
fbem-18291	315	103	-0.008	-0.008	PUNCT
fbem-18291	315	104	-2.486	-2.486	PUNCT
fbem-18291	315	105	*	*	PUNCT
fbem-18291	315	106	*	*	PUNCT
fbem-18291	315	107	*	*	PUNCT
fbem-18291	315	108	(	(	PUNCT
fbem-18291	315	109	-3.136	-3.136	NOUN
fbem-18291	315	110	)	)	PUNCT
fbem-18291	315	111	(	(	PUNCT
fbem-18291	315	112	-0.444	-0.444	X
fbem-18291	315	113	)	)	PUNCT
fbem-18291	315	114	(	(	PUNCT
fbem-18291	315	115	-3.128	-3.128	NOUN
fbem-18291	315	116	)	)	PUNCT
fbem-18291	315	117	cir	cir	NOUN
fbem-18291	315	118	-0.029	-0.029	NOUN
fbem-18291	315	119	-0.035	-0.035	PROPN
fbem-18291	315	120	*	*	PUNCT
fbem-18291	315	121	*	*	PUNCT
fbem-18291	315	122	*	*	PUNCT
fbem-18291	315	123	-0.041	-0.041	PUNCT
fbem-18291	315	124	(	(	PUNCT
fbem-18291	315	125	-0.107	-0.107	X
fbem-18291	315	126	)	)	PUNCT
fbem-18291	315	127	(	(	PUNCT
fbem-18291	315	128	-5.381	-5.381	NOUN
fbem-18291	315	129	)	)	PUNCT
fbem-18291	315	130	(	(	PUNCT
fbem-18291	315	131	-0.139	-0.139	X
fbem-18291	315	132	)	)	PUNCT
fbem-18291	315	133	npl	npl	NOUN
fbem-18291	315	134	3.600	3.600	NUM
fbem-18291	315	135	-0.304	-0.304	NOUN
fbem-18291	315	136	*	*	PUNCT
fbem-18291	315	137	*	*	PUNCT
fbem-18291	315	138	*	*	X
fbem-18291	315	139	3.496	3.496	NUM
fbem-18291	315	140	(	(	PUNCT
fbem-18291	315	141	1.439	1.439	NUM
fbem-18291	315	142	)	)	PUNCT
fbem-18291	315	143	(	(	PUNCT
fbem-18291	315	144	-5.029	-5.029	NOUN
fbem-18291	315	145	)	)	PUNCT
fbem-18291	315	146	(	(	PUNCT
fbem-18291	315	147	1.291	1.291	NUM
fbem-18291	315	148	)	)	PUNCT
fbem-18291	315	149	nim	nim	PROPN
fbem-18291	315	150	-0.343	-0.343	PROPN
fbem-18291	315	151	(	(	PUNCT
fbem-18291	315	152	-0.103	-0.103	NOUN
fbem-18291	316	1	)	)	PUNCT
fbem-18291	316	2	_	_	NOUN
fbem-18291	316	3	cons	con	NOUN
fbem-18291	316	4	-40.836	-40.836	PUNCT
fbem-18291	316	5	11.761	11.761	NUM
fbem-18291	316	6	*	*	PUNCT
fbem-18291	316	7	*	*	PUNCT
fbem-18291	316	8	*	*	PUNCT
fbem-18291	316	9	-36.799	-36.799	PRON
fbem-18291	316	10	(	(	PUNCT
fbem-18291	316	11	-0.368	-0.368	PROPN
fbem-18291	316	12	)	)	PUNCT
fbem-18291	316	13	(	(	PUNCT
fbem-18291	316	14	4.388	4.388	NUM
fbem-18291	316	15	)	)	PUNCT
fbem-18291	316	16	(	(	PUNCT
fbem-18291	316	17	-0.311	-0.311	NOUN
fbem-18291	316	18	)	)	PUNCT
fbem-18291	316	19	n	n	CCONJ
fbem-18291	316	20	180	180	NUM
fbem-18291	316	21	180	180	NUM
fbem-18291	316	22	180	180	NUM
fbem-18291	316	23	model	model	NOUN
fbem-18291	316	24	4	4	NUM
fbem-18291	316	25	-	-	SYM
fbem-18291	316	26	5	5	NUM
fbem-18291	316	27	reveals	reveal	VERB
fbem-18291	316	28	the	the	DET
fbem-18291	316	29	regression	regression	NOUN
fbem-18291	316	30	results	result	NOUN
fbem-18291	316	31	of	of	ADP
fbem-18291	316	32	net	net	ADJ
fbem-18291	316	33	interest	interest	NOUN
fbem-18291	316	34	spread	spread	VERB
fbem-18291	316	35	and	and	CCONJ
fbem-18291	316	36	fintech	fintech	NOUN
fbem-18291	316	37	index	index	NOUN
fbem-18291	316	38	,	,	PUNCT
fbem-18291	316	39	and	and	CCONJ
fbem-18291	316	40	model	model	NOUN
fbem-18291	316	41	4	4	NUM
fbem-18291	316	42	-	-	SYM
fbem-18291	316	43	6	6	NUM
fbem-18291	316	44	shows	show	VERB
fbem-18291	316	45	the	the	DET
fbem-18291	316	46	regression	regression	NOUN
fbem-18291	316	47	results	result	NOUN
fbem-18291	316	48	of	of	ADP
fbem-18291	316	49	fintech	fintech	NOUN
fbem-18291	316	50	’s	’s	PART
fbem-18291	316	51	impact	impact	NOUN
fbem-18291	316	52	on	on	ADP
fbem-18291	316	53	commercial	commercial	ADJ
fbem-18291	316	54	banks	bank	NOUN
fbem-18291	316	55	’	'	PUNCT
fbem-18291	316	56	liquidity	liquidity	NOUN
fbem-18291	316	57	after	after	ADP
fbem-18291	316	58	bringing	bring	VERB
fbem-18291	316	59	in	in	ADP
fbem-18291	316	60	net	net	ADJ
fbem-18291	316	61	interest	interest	NOUN
fbem-18291	316	62	spread	spread	VERB
fbem-18291	316	63	as	as	ADP
fbem-18291	316	64	a	a	DET
fbem-18291	316	65	mediating	mediate	VERB
fbem-18291	316	66	variable	variable	NOUN
fbem-18291	316	67	.	.	PUNCT
fbem-18291	317	1	according	accord	VERB
fbem-18291	317	2	to	to	ADP
fbem-18291	317	3	table	table	NOUN
fbem-18291	317	4	5	5	NUM
fbem-18291	317	5	-	-	SYM
fbem-18291	317	6	3	3	NUM
fbem-18291	317	7	,	,	PUNCT
fbem-18291	317	8	it	it	PRON
fbem-18291	317	9	can	can	AUX
fbem-18291	317	10	be	be	AUX
fbem-18291	317	11	observed	observe	VERB
fbem-18291	317	12	that	that	SCONJ
fbem-18291	317	13	fintech	fintech	NOUN
fbem-18291	317	14	has	have	VERB
fbem-18291	317	15	a	a	DET
fbem-18291	317	16	significant	significant	ADJ
fbem-18291	317	17	feature	feature	NOUN
fbem-18291	317	18	on	on	ADP
fbem-18291	317	19	nim	nim	PROPN
fbem-18291	317	20	in	in	ADP
fbem-18291	317	21	1	1	NUM
fbem-18291	317	22	percent	percent	NOUN
fbem-18291	317	23	confidence	confidence	NOUN
fbem-18291	317	24	interval	interval	NOUN
fbem-18291	317	25	with	with	ADP
fbem-18291	317	26	a	a	DET
fbem-18291	317	27	coefficient	coefficient	NOUN
fbem-18291	317	28	of	of	ADP
fbem-18291	317	29	-0.002	-0.002	PUNCT
fbem-18291	317	30	.	.	PUNCT
fbem-18291	318	1	this	this	PRON
fbem-18291	318	2	indicates	indicate	VERB
fbem-18291	318	3	that	that	SCONJ
fbem-18291	318	4	the	the	DET
fbem-18291	318	5	development	development	NOUN
fbem-18291	318	6	of	of	ADP
fbem-18291	318	7	fintech	fintech	NOUN
fbem-18291	318	8	reduces	reduce	VERB
fbem-18291	318	9	nim	nim	NOUN
fbem-18291	318	10	to	to	ADP
fbem-18291	318	11	some	some	DET
fbem-18291	318	12	extent	extent	NOUN
fbem-18291	318	13	.	.	PUNCT
fbem-18291	319	1	meanwhile	meanwhile	ADV
fbem-18291	319	2	,	,	PUNCT
fbem-18291	319	3	in	in	ADP
fbem-18291	319	4	model	model	NOUN
fbem-18291	319	5	4	4	NUM
fbem-18291	319	6	-	-	SYM
fbem-18291	319	7	6	6	NUM
fbem-18291	319	8	it	it	PRON
fbem-18291	319	9	can	can	AUX
fbem-18291	319	10	be	be	AUX
fbem-18291	319	11	clearly	clearly	ADV
fbem-18291	319	12	observed	observe	VERB
fbem-18291	319	13	that	that	SCONJ
fbem-18291	319	14	the	the	DET
fbem-18291	319	15	nim	nim	PROPN
fbem-18291	319	16	and	and	CCONJ
fbem-18291	319	17	commercial	commercial	PROPN
fbem-18291	319	18	bank	bank	PROPN
fbem-18291	319	19	liquidity	liquidity	NOUN
fbem-18291	319	20	ratio	ratio	NOUN
fbem-18291	319	21	is	be	AUX
fbem-18291	319	22	negatively	negatively	ADV
fbem-18291	319	23	correlated	correlate	VERB
fbem-18291	319	24	.	.	PUNCT
fbem-18291	320	1	the	the	DET
fbem-18291	320	2	coefficient	coefficient	NOUN
fbem-18291	320	3	is	be	AUX
fbem-18291	320	4	-0.343	-0.343	ADJ
fbem-18291	320	5	,	,	PUNCT
fbem-18291	320	6	but	but	CCONJ
fbem-18291	320	7	the	the	DET
fbem-18291	320	8	results	result	NOUN
fbem-18291	320	9	are	be	AUX
fbem-18291	320	10	not	not	PART
fbem-18291	320	11	significant	significant	ADJ
fbem-18291	320	12	.	.	PUNCT
fbem-18291	321	1	this	this	PRON
fbem-18291	321	2	means	mean	VERB
fbem-18291	321	3	that	that	SCONJ
fbem-18291	321	4	along	along	ADP
fbem-18291	321	5	with	with	ADP
fbem-18291	321	6	the	the	DET
fbem-18291	321	7	increase	increase	NOUN
fbem-18291	321	8	of	of	ADP
fbem-18291	321	9	banks	bank	NOUN
fbem-18291	321	10	’	'	PUNCT
fbem-18291	321	11	return	return	NOUN
fbem-18291	321	12	on	on	ADP
fbem-18291	321	13	interest	interest	NOUN
fbem-18291	321	14	-	-	PUNCT
fbem-18291	321	15	earning	earn	VERB
fbem-18291	321	16	assets	asset	NOUN
fbem-18291	321	17	,	,	PUNCT
fbem-18291	321	18	the	the	DET
fbem-18291	321	19	liquidity	liquidity	NOUN
fbem-18291	321	20	of	of	ADP
fbem-18291	321	21	commercial	commercial	ADJ
fbem-18291	321	22	banks	bank	NOUN
fbem-18291	321	23	moves	move	VERB
fbem-18291	321	24	in	in	ADP
fbem-18291	321	25	the	the	DET
fbem-18291	321	26	opposite	opposite	ADJ
fbem-18291	321	27	direction	direction	NOUN
fbem-18291	321	28	.	.	PUNCT
fbem-18291	322	1	however	however	ADV
fbem-18291	322	2	,	,	PUNCT
fbem-18291	322	3	the	the	DET
fbem-18291	322	4	level	level	NOUN
fbem-18291	322	5	of	of	ADP
fbem-18291	322	6	financial	financial	ADJ
fbem-18291	322	7	technology	technology	NOUN
fbem-18291	322	8	is	be	AUX
fbem-18291	322	9	positively	positively	ADV
fbem-18291	322	10	related	relate	VERB
fbem-18291	322	11	to	to	ADP
fbem-18291	322	12	the	the	DET
fbem-18291	322	13	level	level	NOUN
fbem-18291	322	14	of	of	ADP
fbem-18291	322	15	commercial	commercial	ADJ
fbem-18291	322	16	bank	bank	NOUN
fbem-18291	322	17	liquidity	liquidity	NOUN
fbem-18291	322	18	with	with	ADP
fbem-18291	322	19	a	a	DET
fbem-18291	322	20	coefficient	coefficient	NOUN
fbem-18291	322	21	of	of	ADP
fbem-18291	322	22	0.133	0.133	NUM
fbem-18291	322	23	,	,	PUNCT
fbem-18291	322	24	which	which	PRON
fbem-18291	322	25	is	be	AUX
fbem-18291	322	26	significant	significant	ADJ
fbem-18291	322	27	at	at	ADP
fbem-18291	322	28	the	the	DET
fbem-18291	322	29	1	1	NUM
fbem-18291	322	30	percent	percent	NOUN
fbem-18291	322	31	level	level	NOUN
fbem-18291	322	32	,	,	PUNCT
fbem-18291	322	33	indicating	indicate	VERB
fbem-18291	322	34	that	that	SCONJ
fbem-18291	322	35	the	the	PRON
fbem-18291	322	36	higher	high	ADJ
fbem-18291	322	37	the	the	DET
fbem-18291	322	38	level	level	NOUN
fbem-18291	322	39	of	of	ADP
fbem-18291	322	40	financial	financial	ADJ
fbem-18291	322	41	technology	technology	NOUN
fbem-18291	322	42	in	in	ADP
fbem-18291	322	43	the	the	DET
fbem-18291	322	44	market	market	NOUN
fbem-18291	322	45	,	,	PUNCT
fbem-18291	322	46	the	the	PRON
fbem-18291	322	47	higher	high	ADJ
fbem-18291	322	48	the	the	DET
fbem-18291	322	49	liquidity	liquidity	NOUN
fbem-18291	322	50	of	of	ADP
fbem-18291	322	51	commercial	commercial	ADJ
fbem-18291	322	52	banks[74	banks[74	NOUN
fbem-18291	322	53	]	]	PUNCT
fbem-18291	322	54	since	since	SCONJ
fbem-18291	322	55	the	the	DET
fbem-18291	322	56	result	result	NOUN
fbem-18291	322	57	of	of	ADP
fbem-18291	322	58	the	the	DET
fbem-18291	322	59	effect	effect	NOUN
fbem-18291	322	60	of	of	ADP
fbem-18291	322	61	nim	nim	PROPN
fbem-18291	322	62	on	on	ADP
fbem-18291	322	63	liquidity	liquidity	NOUN
fbem-18291	322	64	of	of	ADP
fbem-18291	322	65	commercial	commercial	ADJ
fbem-18291	322	66	banks	bank	NOUN
fbem-18291	322	67	is	be	AUX
fbem-18291	322	68	demonstrated	demonstrate	VERB
fbem-18291	322	69	to	to	PART
fbem-18291	322	70	be	be	AUX
fbem-18291	322	71	insignificant	insignificant	ADJ
fbem-18291	322	72	,	,	PUNCT
fbem-18291	322	73	the	the	DET
fbem-18291	322	74	bootstrap	bootstrap	NOUN
fbem-18291	322	75	method	method	NOUN
fbem-18291	322	76	is	be	AUX
fbem-18291	322	77	conducted	conduct	VERB
fbem-18291	322	78	to	to	PART
fbem-18291	322	79	test	test	VERB
fbem-18291	322	80	it	it	PRON
fbem-18291	322	81	.	.	PUNCT
fbem-18291	323	1	bootstrap	bootstrap	NOUN
fbem-18291	323	2	test	test	NOUN
fbem-18291	323	3	is	be	AUX
fbem-18291	323	4	a	a	DET
fbem-18291	323	5	statistical	statistical	ADJ
fbem-18291	323	6	method	method	NOUN
fbem-18291	323	7	used	use	VERB
fbem-18291	323	8	to	to	PART
fbem-18291	323	9	test	test	VERB
fbem-18291	323	10	the	the	DET
fbem-18291	323	11	mediation	mediation	NOUN
fbem-18291	323	12	effect	effect	NOUN
fbem-18291	323	13	.	.	PUNCT
fbem-18291	324	1	the	the	DET
fbem-18291	324	2	purpose	purpose	NOUN
fbem-18291	324	3	is	be	AUX
fbem-18291	324	4	to	to	PART
fbem-18291	324	5	determine	determine	VERB
fbem-18291	324	6	whether	whether	SCONJ
fbem-18291	324	7	the	the	DET
fbem-18291	324	8	mediating	mediate	VERB
fbem-18291	324	9	variable	variable	NOUN
fbem-18291	324	10	produces	produce	VERB
fbem-18291	324	11	a	a	DET
fbem-18291	324	12	significant	significant	ADJ
fbem-18291	324	13	mediation	mediation	NOUN
fbem-18291	324	14	effect	effect	NOUN
fbem-18291	324	15	between	between	ADP
fbem-18291	324	16	the	the	DET
fbem-18291	324	17	independent	independent	ADJ
fbem-18291	324	18	and	and	CCONJ
fbem-18291	324	19	dependent	dependent	ADJ
fbem-18291	324	20	variable	variable	NOUN
fbem-18291	324	21	.	.	PUNCT
fbem-18291	325	1	the	the	DET
fbem-18291	325	2	results	result	NOUN
fbem-18291	325	3	are	be	AUX
fbem-18291	325	4	depicted	depict	VERB
fbem-18291	325	5	in	in	ADP
fbem-18291	325	6	table	table	NOUN
fbem-18291	325	7	5	5	NUM
fbem-18291	325	8	-	-	SYM
fbem-18291	325	9	4[75	4[75	NUM
fbem-18291	325	10	]	]	PUNCT
fbem-18291	325	11	294	294	NUM
fbem-18291	325	12	table	table	NOUN
fbem-18291	325	13	5	5	NUM
fbem-18291	325	14	-	-	SYM
fbem-18291	325	15	4	4	NUM
fbem-18291	325	16	.	.	PUNCT
fbem-18291	325	17	bootstrap	bootstrap	NOUN
fbem-18291	325	18	inspection	inspection	NOUN
fbem-18291	325	19	results	result	NOUN
fbem-18291	325	20	as	as	SCONJ
fbem-18291	325	21	observed	observe	VERB
fbem-18291	325	22	from	from	ADP
fbem-18291	325	23	table	table	NOUN
fbem-18291	325	24	5	5	NUM
fbem-18291	325	25	-	-	SYM
fbem-18291	325	26	4	4	NUM
fbem-18291	325	27	,	,	PUNCT
fbem-18291	325	28	the	the	DET
fbem-18291	325	29	confidence	confidence	NOUN
fbem-18291	325	30	interval	interval	NOUN
fbem-18291	325	31	for	for	ADP
fbem-18291	325	32	_	_	PROPN
fbem-18291	325	33	bs_1	bs_1	PROPN
fbem-18291	325	34	includes	include	VERB
fbem-18291	325	35	0	0	NUM
fbem-18291	325	36	,	,	PUNCT
fbem-18291	325	37	indicating	indicate	VERB
fbem-18291	325	38	that	that	SCONJ
fbem-18291	325	39	the	the	DET
fbem-18291	325	40	indirect	indirect	ADJ
fbem-18291	325	41	effect	effect	NOUN
fbem-18291	325	42	is	be	AUX
fbem-18291	325	43	insignificant	insignificant	ADJ
fbem-18291	325	44	at	at	ADP
fbem-18291	325	45	the	the	DET
fbem-18291	325	46	chosen	choose	VERB
fbem-18291	325	47	confidence	confidence	NOUN
fbem-18291	325	48	level	level	NOUN
fbem-18291	325	49	,	,	PUNCT
fbem-18291	325	50	namely	namely	ADV
fbem-18291	325	51	,	,	PUNCT
fbem-18291	325	52	the	the	DET
fbem-18291	325	53	parameter	parameter	NOUN
fbem-18291	325	54	estimates	estimate	NOUN
fbem-18291	325	55	are	be	AUX
fbem-18291	325	56	insignificant	insignificant	ADJ
fbem-18291	325	57	,	,	PUNCT
fbem-18291	325	58	and	and	CCONJ
fbem-18291	325	59	thus	thus	ADV
fbem-18291	325	60	the	the	DET
fbem-18291	325	61	mediating	mediate	VERB
fbem-18291	325	62	effect	effect	NOUN
fbem-18291	325	63	does	do	AUX
fbem-18291	325	64	not	not	PART
fbem-18291	325	65	hold	hold	VERB
fbem-18291	325	66	.	.	PUNCT
fbem-18291	326	1	moreover	moreover	ADV
fbem-18291	326	2	,	,	PUNCT
fbem-18291	326	3	the	the	DET
fbem-18291	326	4	confidence	confidence	NOUN
fbem-18291	326	5	interval	interval	NOUN
fbem-18291	326	6	of	of	ADP
fbem-18291	326	7	_	_	NOUN
fbem-18291	326	8	bs_2	bs_2	NOUN
fbem-18291	326	9	does	do	AUX
fbem-18291	326	10	not	not	PART
fbem-18291	326	11	include	include	VERB
fbem-18291	326	12	0	0	NUM
fbem-18291	326	13	,	,	PUNCT
fbem-18291	326	14	thus	thus	ADV
fbem-18291	326	15	proving	prove	VERB
fbem-18291	326	16	that	that	SCONJ
fbem-18291	326	17	the	the	DET
fbem-18291	326	18	direct	direct	ADJ
fbem-18291	326	19	effect	effect	NOUN
fbem-18291	326	20	exists	exist	VERB
fbem-18291	326	21	,	,	PUNCT
fbem-18291	326	22	namely	namely	ADV
fbem-18291	326	23	,	,	PUNCT
fbem-18291	326	24	nim	nim	PROPN
fbem-18291	326	25	is	be	AUX
fbem-18291	326	26	a	a	DET
fbem-18291	326	27	partially	partially	ADV
fbem-18291	326	28	mediating	mediate	VERB
fbem-18291	326	29	variable	variable	NOUN
fbem-18291	326	30	.	.	PUNCT
fbem-18291	327	1	this	this	PRON
fbem-18291	327	2	implies	imply	VERB
fbem-18291	327	3	that	that	SCONJ
fbem-18291	327	4	the	the	DET
fbem-18291	327	5	core	core	NOUN
fbem-18291	327	6	explanatory	explanatory	ADJ
fbem-18291	327	7	variable	variable	ADJ
fbem-18291	327	8	fi	fi	NOUN
fbem-18291	327	9	can	can	AUX
fbem-18291	327	10	affect	affect	VERB
fbem-18291	327	11	lr	lr	NOUN
fbem-18291	327	12	both	both	CCONJ
fbem-18291	327	13	directly	directly	ADV
fbem-18291	327	14	and	and	CCONJ
fbem-18291	327	15	indirectly	indirectly	ADV
fbem-18291	327	16	through	through	ADP
fbem-18291	327	17	nim	nim	PROPN
fbem-18291	327	18	.	.	PUNCT
fbem-18291	328	1	therefore	therefore	ADV
fbem-18291	328	2	,	,	PUNCT
fbem-18291	328	3	one	one	PRON
fbem-18291	328	4	can	can	AUX
fbem-18291	328	5	conclude	conclude	VERB
fbem-18291	328	6	that	that	SCONJ
fbem-18291	328	7	nim	nim	PROPN
fbem-18291	328	8	can	can	AUX
fbem-18291	328	9	not	not	PART
fbem-18291	328	10	be	be	AUX
fbem-18291	328	11	regarded	regard	VERB
fbem-18291	328	12	as	as	ADP
fbem-18291	328	13	a	a	DET
fbem-18291	328	14	channel	channel	NOUN
fbem-18291	328	15	through	through	ADP
fbem-18291	328	16	which	which	PRON
fbem-18291	328	17	fintech	fintech	NOUN
fbem-18291	328	18	affects	affect	VERB
fbem-18291	328	19	the	the	DET
fbem-18291	328	20	liquidity	liquidity	NOUN
fbem-18291	328	21	of	of	ADP
fbem-18291	328	22	commercial	commercial	ADJ
fbem-18291	328	23	banks[76	banks[76	ADV
fbem-18291	328	24	]	]	PUNCT
fbem-18291	328	25	.	.	PUNCT
fbem-18291	329	1	5.3.2	5.3.2	X
fbem-18291	329	2	.	.	PUNCT
fbem-18291	330	1	non	non	ADJ
fbem-18291	330	2	-	-	ADJ
fbem-18291	330	3	interest	interest	ADJ
fbem-18291	330	4	income	income	NOUN
fbem-18291	330	5	share	share	NOUN
fbem-18291	330	6	(	(	PUNCT
fbem-18291	330	7	nir	nir	NOUN
fbem-18291	330	8	)	)	PUNCT
fbem-18291	330	9	in	in	ADP
fbem-18291	330	10	terms	term	NOUN
fbem-18291	330	11	of	of	ADP
fbem-18291	330	12	income	income	NOUN
fbem-18291	330	13	structure	structure	NOUN
fbem-18291	330	14	,	,	PUNCT
fbem-18291	330	15	fintech	fintech	NOUN
fbem-18291	330	16	can	can	AUX
fbem-18291	330	17	be	be	AUX
fbem-18291	330	18	analyzed	analyze	VERB
fbem-18291	330	19	as	as	ADP
fbem-18291	330	20	a	a	DET
fbem-18291	330	21	factor	factor	NOUN
fbem-18291	330	22	affecting	affect	VERB
fbem-18291	330	23	commercial	commercial	ADJ
fbem-18291	330	24	banks	bank	NOUN
fbem-18291	330	25	'	'	PART
fbem-18291	330	26	profitability	profitability	NOUN
fbem-18291	330	27	.	.	PUNCT
fbem-18291	331	1	the	the	DET
fbem-18291	331	2	mediation	mediation	NOUN
fbem-18291	331	3	effect	effect	NOUN
fbem-18291	331	4	of	of	ADP
fbem-18291	331	5	the	the	DET
fbem-18291	331	6	share	share	NOUN
fbem-18291	331	7	of	of	ADP
fbem-18291	331	8	non	non	ADJ
fbem-18291	331	9	-	-	ADJ
fbem-18291	331	10	interest	interest	ADJ
fbem-18291	331	11	income	income	NOUN
fbem-18291	331	12	is	be	AUX
fbem-18291	331	13	tested	test	VERB
fbem-18291	331	14	as	as	SCONJ
fbem-18291	331	15	presented	present	VERB
fbem-18291	331	16	in	in	ADP
fbem-18291	331	17	table	table	NOUN
fbem-18291	331	18	5	5	NUM
fbem-18291	331	19	-	-	SYM
fbem-18291	331	20	5	5	NUM
fbem-18291	331	21	.	.	PUNCT
fbem-18291	331	22	table	table	NOUN
fbem-18291	331	23	5	5	NUM
fbem-18291	331	24	-	-	SYM
fbem-18291	331	25	5	5	NUM
fbem-18291	331	26	.	.	PUNCT
fbem-18291	332	1	empirical	empirical	ADJ
fbem-18291	332	2	results	result	NOUN
fbem-18291	332	3	of	of	ADP
fbem-18291	332	4	the	the	DET
fbem-18291	332	5	mediation	mediation	NOUN
fbem-18291	332	6	effect	effect	NOUN
fbem-18291	332	7	test	test	NOUN
fbem-18291	332	8	for	for	ADP
fbem-18291	332	9	nir	nir	ADJ
fbem-18291	332	10	model	model	NOUN
fbem-18291	332	11	4	4	NUM
fbem-18291	332	12	-	-	SYM
fbem-18291	332	13	1	1	NUM
fbem-18291	332	14	model	model	NOUN
fbem-18291	332	15	4	4	NUM
fbem-18291	332	16	-	-	SYM
fbem-18291	332	17	5	5	NUM
fbem-18291	332	18	model	model	NOUN
fbem-18291	332	19	4	4	NUM
fbem-18291	332	20	-	-	SYM
fbem-18291	332	21	6	6	NUM
fbem-18291	332	22	lr	lr	X
fbem-18291	332	23	nir	nir	NOUN
fbem-18291	332	24	lr	lr	PROPN
fbem-18291	332	25	fi	fi	NOUN
fbem-18291	332	26	0.133	0.133	NOUN
fbem-18291	332	27	*	*	PUNCT
fbem-18291	332	28	*	*	PUNCT
fbem-18291	332	29	*	*	PUNCT
fbem-18291	332	30	-0.086	-0.086	PUNCT
fbem-18291	332	31	*	*	PUNCT
fbem-18291	332	32	*	*	PUNCT
fbem-18291	332	33	*	*	PUNCT
fbem-18291	332	34	0.145	0.145	NUM
fbem-18291	332	35	*	*	PUNCT
fbem-18291	332	36	*	*	PUNCT
fbem-18291	332	37	*	*	PUNCT
fbem-18291	332	38	(	(	PUNCT
fbem-18291	332	39	4.068	4.068	NUM
fbem-18291	332	40	)	)	PUNCT
fbem-18291	332	41	(	(	PUNCT
fbem-18291	332	42	-4.716	-4.716	NOUN
fbem-18291	332	43	)	)	PUNCT
fbem-18291	332	44	(	(	PUNCT
fbem-18291	332	45	4.157	4.157	NUM
fbem-18291	332	46	)	)	PUNCT
fbem-18291	333	1	m2	m2	PROPN
fbem-18291	333	2	0.849	0.849	NUM
fbem-18291	333	3	*	*	PUNCT
fbem-18291	333	4	-1.078	-1.078	NOUN
fbem-18291	333	5	*	*	PUNCT
fbem-18291	333	6	*	*	PUNCT
fbem-18291	333	7	*	*	PUNCT
fbem-18291	333	8	1.003	1.003	NUM
fbem-18291	333	9	*	*	NOUN
fbem-18291	333	10	*	*	PUNCT
fbem-18291	333	11	(	(	PUNCT
fbem-18291	333	12	1.901	1.901	NUM
fbem-18291	333	13	)	)	PUNCT
fbem-18291	333	14	(	(	PUNCT
fbem-18291	333	15	-4.312	-4.312	NOUN
fbem-18291	333	16	)	)	PUNCT
fbem-18291	333	17	(	(	PUNCT
fbem-18291	333	18	2.123	2.123	NUM
fbem-18291	333	19	)	)	PUNCT
fbem-18291	333	20	gdp	gdp	NOUN
fbem-18291	333	21	0.206	0.206	NUM
fbem-18291	333	22	0.091	0.091	NUM
fbem-18291	333	23	0.193	0.193	NUM
fbem-18291	333	24	(	(	PUNCT
fbem-18291	333	25	0.492	0.492	NUM
fbem-18291	333	26	)	)	PUNCT
fbem-18291	333	27	(	(	PUNCT
fbem-18291	333	28	0.386	0.386	NUM
fbem-18291	333	29	)	)	PUNCT
fbem-18291	333	30	(	(	PUNCT
fbem-18291	333	31	0.460	0.460	NUM
fbem-18291	333	32	)	)	PUNCT
fbem-18291	333	33	lnsize	lnsize	VERB
fbem-18291	333	34	3.842	3.842	NUM
fbem-18291	333	35	23.603	23.603	NUM
fbem-18291	333	36	*	*	PUNCT
fbem-18291	333	37	*	*	PUNCT
fbem-18291	333	38	*	*	PUNCT
fbem-18291	333	39	0.469	0.469	NUM
fbem-18291	333	40	(	(	PUNCT
fbem-18291	333	41	0.654	0.654	NUM
fbem-18291	333	42	)	)	PUNCT
fbem-18291	333	43	(	(	PUNCT
fbem-18291	333	44	7.172	7.172	NUM
fbem-18291	333	45	)	)	PUNCT
fbem-18291	333	46	(	(	PUNCT
fbem-18291	333	47	0.069	0.069	NUM
fbem-18291	333	48	)	)	PUNCT
fbem-18291	333	49	car	car	NOUN
fbem-18291	333	50	-2.483	-2.483	NOUN
fbem-18291	333	51	*	*	PUNCT
fbem-18291	333	52	*	*	PUNCT
fbem-18291	333	53	*	*	NOUN
fbem-18291	333	54	0.351	0.351	NUM
fbem-18291	333	55	-2.533	-2.533	PUNCT
fbem-18291	333	56	*	*	PUNCT
fbem-18291	333	57	*	*	PUNCT
fbem-18291	333	58	*	*	PUNCT
fbem-18291	333	59	(	(	PUNCT
fbem-18291	333	60	-3.136	-3.136	NOUN
fbem-18291	333	61	)	)	PUNCT
fbem-18291	333	62	(	(	PUNCT
fbem-18291	333	63	0.791	0.791	NUM
fbem-18291	333	64	)	)	PUNCT
fbem-18291	333	65	(	(	PUNCT
fbem-18291	333	66	-3.193	-3.193	X
fbem-18291	333	67	)	)	PUNCT
fbem-18291	333	68	cir	cir	NOUN
fbem-18291	333	69	-0.029	-0.029	NOUN
fbem-18291	333	70	0.508	0.508	NUM
fbem-18291	333	71	*	*	PUNCT
fbem-18291	333	72	*	*	PUNCT
fbem-18291	333	73	*	*	PUNCT
fbem-18291	333	74	-0.102	-0.102	PUNCT
fbem-18291	333	75	(	(	PUNCT
fbem-18291	333	76	-0.107	-0.107	X
fbem-18291	333	77	)	)	PUNCT
fbem-18291	333	78	(	(	PUNCT
fbem-18291	333	79	3.316	3.316	NUM
fbem-18291	333	80	)	)	PUNCT
fbem-18291	333	81	(	(	PUNCT
fbem-18291	333	82	-0.360	-0.360	X
fbem-18291	333	83	)	)	PUNCT
fbem-18291	333	84	npl	npl	NOUN
fbem-18291	333	85	3.600	3.600	NUM
fbem-18291	333	86	6.000	6.000	NUM
fbem-18291	333	87	*	*	PUNCT
fbem-18291	333	88	*	*	PUNCT
fbem-18291	333	89	*	*	PUNCT
fbem-18291	333	90	2.743	2.743	NUM
fbem-18291	333	91	(	(	PUNCT
fbem-18291	333	92	1.439	1.439	NUM
fbem-18291	333	93	)	)	PUNCT
fbem-18291	333	94	(	(	PUNCT
fbem-18291	333	95	4.281	4.281	NUM
fbem-18291	333	96	)	)	PUNCT
fbem-18291	333	97	(	(	PUNCT
fbem-18291	333	98	1.037	1.037	NUM
fbem-18291	333	99	)	)	PUNCT
fbem-18291	333	100	nir	nir	NOUN
fbem-18291	333	101	0.143	0.143	NUM
fbem-18291	333	102	*	*	PUNCT
fbem-18291	333	103	(	(	PUNCT
fbem-18291	333	104	0.996	0.996	NUM
fbem-18291	333	105	)	)	PUNCT
fbem-18291	334	1	_	_	NOUN
fbem-18291	334	2	cons	con	NOUN
fbem-18291	334	3	-40.836	-40.836	VERB
fbem-18291	334	4	-434.102	-434.102	SYM
fbem-18291	334	5	*	*	PUNCT
fbem-18291	334	6	*	*	PUNCT
fbem-18291	334	7	*	*	X
fbem-18291	334	8	21.192	21.192	NUM
fbem-18291	334	9	(	(	PUNCT
fbem-18291	334	10	-0.368	-0.368	PROPN
fbem-18291	334	11	)	)	PUNCT
fbem-18291	334	12	(	(	PUNCT
fbem-18291	334	13	-6.976	-6.976	NOUN
fbem-18291	334	14	)	)	PUNCT
fbem-18291	334	15	(	(	PUNCT
fbem-18291	334	16	0.166	0.166	NUM
fbem-18291	334	17	)	)	PUNCT
fbem-18291	334	18	n	n	PRON
fbem-18291	334	19	180	180	NUM
fbem-18291	334	20	180	180	NUM
fbem-18291	334	21	180	180	NUM
fbem-18291	334	22	similarly	similarly	ADV
fbem-18291	334	23	,	,	PUNCT
fbem-18291	334	24	model	model	NOUN
fbem-18291	334	25	4	4	NUM
fbem-18291	334	26	-	-	SYM
fbem-18291	334	27	5	5	NUM
fbem-18291	334	28	shows	show	VERB
fbem-18291	334	29	the	the	DET
fbem-18291	334	30	regression	regression	NOUN
fbem-18291	334	31	results	result	NOUN
fbem-18291	334	32	of	of	ADP
fbem-18291	334	33	the	the	DET
fbem-18291	334	34	impact	impact	NOUN
fbem-18291	334	35	of	of	ADP
fbem-18291	334	36	fintech	fintech	NOUN
fbem-18291	334	37	index	index	NOUN
fbem-18291	334	38	on	on	ADP
fbem-18291	334	39	the	the	DET
fbem-18291	334	40	share	share	NOUN
fbem-18291	334	41	of	of	ADP
fbem-18291	334	42	non	non	ADJ
fbem-18291	334	43	-	-	ADJ
fbem-18291	334	44	interest	interest	ADJ
fbem-18291	334	45	income	income	NOUN
fbem-18291	334	46	,	,	PUNCT
fbem-18291	334	47	and	and	CCONJ
fbem-18291	334	48	model	model	NOUN
fbem-18291	334	49	4	4	NUM
fbem-18291	334	50	-	-	SYM
fbem-18291	334	51	6	6	NUM
fbem-18291	334	52	shows	show	VERB
fbem-18291	334	53	the	the	DET
fbem-18291	334	54	regression	regression	NOUN
fbem-18291	334	55	results	result	NOUN
fbem-18291	334	56	of	of	ADP
fbem-18291	334	57	the	the	DET
fbem-18291	334	58	impact	impact	NOUN
fbem-18291	334	59	of	of	ADP
fbem-18291	334	60	fintech	fintech	NOUN
fbem-18291	334	61	and	and	CCONJ
fbem-18291	334	62	the	the	DET
fbem-18291	334	63	share	share	NOUN
fbem-18291	334	64	of	of	ADP
fbem-18291	334	65	non	non	ADJ
fbem-18291	334	66	-	-	ADJ
fbem-18291	334	67	interest	interest	ADJ
fbem-18291	334	68	income	income	NOUN
fbem-18291	334	69	on	on	ADP
fbem-18291	334	70	the	the	DET
fbem-18291	334	71	liquidity	liquidity	NOUN
fbem-18291	334	72	of	of	ADP
fbem-18291	334	73	commercial	commercial	ADJ
fbem-18291	334	74	banks	bank	NOUN
fbem-18291	334	75	.	.	PUNCT
fbem-18291	335	1	from	from	ADP
fbem-18291	335	2	table	table	NOUN
fbem-18291	335	3	5	5	NUM
fbem-18291	335	4	-	-	SYM
fbem-18291	335	5	5	5	NUM
fbem-18291	335	6	,	,	PUNCT
fbem-18291	335	7	it	it	PRON
fbem-18291	335	8	can	can	AUX
fbem-18291	335	9	be	be	AUX
fbem-18291	335	10	learnt	learn	VERB
fbem-18291	335	11	that	that	SCONJ
fbem-18291	335	12	the	the	DET
fbem-18291	335	13	coefficient	coefficient	NOUN
fbem-18291	335	14	of	of	ADP
fbem-18291	335	15	the	the	DET
fbem-18291	335	16	impact	impact	NOUN
fbem-18291	335	17	of	of	ADP
fbem-18291	335	18	fintech	fintech	NOUN
fbem-18291	335	19	on	on	ADP
fbem-18291	335	20	the	the	DET
fbem-18291	335	21	proportion	proportion	NOUN
fbem-18291	335	22	of	of	ADP
fbem-18291	335	23	noninterest	noninter	ADJ
fbem-18291	335	24	income	income	NOUN
fbem-18291	335	25	is	be	AUX
fbem-18291	335	26	-0.086	-0.086	NUM
fbem-18291	335	27	,	,	PUNCT
fbem-18291	335	28	which	which	PRON
fbem-18291	335	29	passes	pass	VERB
fbem-18291	335	30	the	the	DET
fbem-18291	335	31	significance	significance	NOUN
fbem-18291	335	32	test	test	NOUN
fbem-18291	335	33	at	at	ADP
fbem-18291	335	34	the	the	DET
fbem-18291	335	35	1	1	NUM
fbem-18291	335	36	percent	percent	NOUN
fbem-18291	335	37	significance	significance	NOUN
fbem-18291	335	38	level	level	NOUN
fbem-18291	335	39	,	,	PUNCT
fbem-18291	335	40	indicating	indicate	VERB
fbem-18291	335	41	that	that	SCONJ
fbem-18291	335	42	fintech	fintech	NOUN
fbem-18291	335	43	has	have	VERB
fbem-18291	335	44	a	a	DET
fbem-18291	335	45	certain	certain	ADJ
fbem-18291	335	46	negative	negative	ADJ
fbem-18291	335	47	impact	impact	NOUN
fbem-18291	335	48	on	on	ADP
fbem-18291	335	49	non	non	ADJ
fbem-18291	335	50	-	-	ADJ
fbem-18291	335	51	interest	interest	ADJ
fbem-18291	335	52	income	income	NOUN
fbem-18291	335	53	.	.	PUNCT
fbem-18291	336	1	this	this	PRON
fbem-18291	336	2	is	be	AUX
fbem-18291	336	3	because	because	SCONJ
fbem-18291	336	4	along	along	ADP
fbem-18291	336	5	with	with	ADP
fbem-18291	336	6	the	the	DET
fbem-18291	336	7	development	development	NOUN
fbem-18291	336	8	of	of	ADP
fbem-18291	336	9	fintech	fintech	NOUN
fbem-18291	336	10	,	,	PUNCT
fbem-18291	336	11	the	the	DET
fbem-18291	336	12	investment	investment	NOUN
fbem-18291	336	13	enthusiasm	enthusiasm	NOUN
fbem-18291	336	14	of	of	ADP
fbem-18291	336	15	chinese	chinese	ADJ
fbem-18291	336	16	residents	resident	NOUN
fbem-18291	336	17	has	have	AUX
fbem-18291	336	18	been	be	AUX
fbem-18291	336	19	gradually	gradually	ADV
fbem-18291	336	20	ignited	ignite	VERB
fbem-18291	336	21	,	,	PUNCT
fbem-18291	336	22	and	and	CCONJ
fbem-18291	336	23	a	a	DET
fbem-18291	336	24	considerable	considerable	ADJ
fbem-18291	336	25	amount	amount	NOUN
fbem-18291	336	26	of	of	ADP
fbem-18291	336	27	capital	capital	NOUN
fbem-18291	336	28	has	have	AUX
fbem-18291	336	29	been	be	AUX
fbem-18291	336	30	shifted	shift	VERB
fbem-18291	336	31	from	from	ADP
fbem-18291	336	32	the	the	DET
fbem-18291	336	33	property	property	NOUN
fbem-18291	336	34	and	and	CCONJ
fbem-18291	336	35	consumer	consumer	NOUN
fbem-18291	336	36	market	market	NOUN
fbem-18291	336	37	to	to	ADP
fbem-18291	336	38	the	the	DET
fbem-18291	336	39	third	third	ADJ
fbem-18291	336	40	-	-	PUNCT
fbem-18291	336	41	party	party	NOUN
fbem-18291	336	42	investment	investment	NOUN
fbem-18291	336	43	platform	platform	NOUN
fbem-18291	336	44	represented	represent	VERB
fbem-18291	336	45	by	by	ADP
fbem-18291	336	46	ant	ant	ADJ
fbem-18291	336	47	financial	financial	ADJ
fbem-18291	336	48	services	service	NOUN
fbem-18291	336	49	(	(	PUNCT
fbem-18291	336	50	add	add	VERB
fbem-18291	336	51	reference	reference	NOUN
fbem-18291	336	52	,	,	PUNCT
fbem-18291	336	53	p.	p.	NOUN
fbem-18291	336	54	)	)	PUNCT
fbem-18291	336	55	.	.	PUNCT
fbem-18291	337	1	however	however	ADV
fbem-18291	337	2	,	,	PUNCT
fbem-18291	337	3	a	a	DET
fbem-18291	337	4	series	series	NOUN
fbem-18291	337	5	of	of	ADP
fbem-18291	337	6	financial	financial	ADJ
fbem-18291	337	7	regulators	regulator	NOUN
fbem-18291	337	8	such	such	ADJ
fbem-18291	337	9	as	as	ADP
fbem-18291	337	10	the	the	DET
fbem-18291	337	11	people	people	NOUN
fbem-18291	337	12	’s	’s	PART
fbem-18291	337	13	bank	bank	PROPN
fbem-18291	337	14	of	of	ADP
fbem-18291	337	15	china	china	PROPN
fbem-18291	337	16	and	and	CCONJ
fbem-18291	337	17	the	the	DET
fbem-18291	337	18	cbirc	cbirc	NOUN
fbem-18291	337	19	issued	issue	VERB
fbem-18291	337	20	new	new	ADJ
fbem-18291	337	21	regulations	regulation	NOUN
fbem-18291	337	22	to	to	PART
fbem-18291	337	23	curb	curb	VERB
fbem-18291	337	24	the	the	DET
fbem-18291	337	25	uncontrolled	uncontrolled	ADJ
fbem-18291	337	26	expansion	expansion	NOUN
fbem-18291	337	27	of	of	ADP
fbem-18291	337	28	third	third	ADJ
fbem-18291	337	29	-	-	PUNCT
fbem-18291	337	30	party	party	NOUN
fbem-18291	337	31	platforms	platform	NOUN
fbem-18291	337	32	,	,	PUNCT
fbem-18291	337	33	making	make	VERB
fbem-18291	337	34	third	third	ADJ
fbem-18291	337	35	-	-	PUNCT
fbem-18291	337	36	party	party	NOUN
fbem-18291	337	37	payment	payment	NOUN
fbem-18291	337	38	platforms	platform	NOUN
fbem-18291	337	39	uncooperative	uncooperative	ADJ
fbem-18291	337	40	with	with	ADP
fbem-18291	337	41	traditional	traditional	ADJ
fbem-18291	337	42	commercial	commercial	ADJ
fbem-18291	337	43	banks	bank	NOUN
fbem-18291	337	44	.	.	PUNCT
fbem-18291	338	1	coupled	couple	VERB
fbem-18291	338	2	with	with	ADP
fbem-18291	338	3	the	the	DET
fbem-18291	338	4	continued	continue	VERB
fbem-18291	338	5	downturn	downturn	NOUN
fbem-18291	338	6	in	in	ADP
fbem-18291	338	7	china	china	PROPN
fbem-18291	338	8	’s	’s	PART
fbem-18291	338	9	stock	stock	NOUN
fbem-18291	338	10	market	market	NOUN
fbem-18291	338	11	,	,	PUNCT
fbem-18291	338	12	residents	resident	NOUN
fbem-18291	338	13	’	'	PUNCT
fbem-18291	338	14	investment	investment	NOUN
fbem-18291	338	15	funds	fund	NOUN
fbem-18291	338	16	were	be	AUX
fbem-18291	338	17	gradually	gradually	ADV
fbem-18291	338	18	transferred	transfer	VERB
fbem-18291	338	19	out	out	ADV
fbem-18291	338	20	,	,	PUNCT
fbem-18291	338	21	and	and	CCONJ
fbem-18291	338	22	banks	bank	NOUN
fbem-18291	338	23	absorbed	absorb	VERB
fbem-18291	338	24	a	a	DET
fbem-18291	338	25	large	large	ADJ
fbem-18291	338	26	amount	amount	NOUN
fbem-18291	338	27	of	of	ADP
fbem-18291	338	28	deposits	deposit	NOUN
fbem-18291	338	29	,	,	PUNCT
fbem-18291	338	30	thus	thus	ADV
fbem-18291	338	31	reducing	reduce	VERB
fbem-18291	338	32	the	the	DET
fbem-18291	338	33	proportion	proportion	NOUN
fbem-18291	338	34	of	of	ADP
fbem-18291	338	35	non	non	ADJ
fbem-18291	338	36	-	-	ADJ
fbem-18291	338	37	interest	interest	ADJ
fbem-18291	338	38	income	income	NOUN
fbem-18291	338	39	(	(	PUNCT
fbem-18291	338	40	add	add	VERB
fbem-18291	338	41	reference	reference	NOUN
fbem-18291	338	42	,	,	PUNCT
fbem-18291	338	43	p.	p.	NOUN
fbem-18291	338	44	)	)	PUNCT
fbem-18291	338	45	.	.	PUNCT
fbem-18291	339	1	meanwhile	meanwhile	ADV
fbem-18291	339	2	,	,	PUNCT
fbem-18291	339	3	model	model	NOUN
fbem-18291	339	4	4	4	NUM
fbem-18291	339	5	-	-	SYM
fbem-18291	339	6	6	6	NUM
fbem-18291	339	7	reveals	reveal	VERB
fbem-18291	339	8	that	that	SCONJ
fbem-18291	339	9	the	the	DET
fbem-18291	339	10	non	non	ADJ
fbem-18291	339	11	-	-	ADJ
fbem-18291	339	12	interest	interest	ADJ
fbem-18291	339	13	income	income	NOUN
fbem-18291	339	14	share	share	NOUN
fbem-18291	339	15	of	of	ADP
fbem-18291	339	16	commercial	commercial	ADJ
fbem-18291	339	17	bank	bank	PROPN
fbem-18291	339	18	liquidity	liquidity	NOUN
fbem-18291	339	19	impact	impact	NOUN
fbem-18291	339	20	on	on	ADP
fbem-18291	339	21	the	the	DET
fbem-18291	339	22	individual	individual	ADJ
fbem-18291	339	23	coefficient	coefficient	NOUN
fbem-18291	339	24	of	of	ADP
fbem-18291	339	25	0.143	0.143	NUM
fbem-18291	339	26	,	,	PUNCT
fbem-18291	339	27	which	which	PRON
fbem-18291	339	28	is	be	AUX
fbem-18291	339	29	significant	significant	ADJ
fbem-18291	339	30	at	at	ADP
fbem-18291	339	31	10	10	NUM
fbem-18291	339	32	percent	percent	NOUN
fbem-18291	339	33	of	of	ADP
fbem-18291	339	34	the	the	DET
fbem-18291	339	35	condition	condition	NOUN
fbem-18291	339	36	,	,	PUNCT
fbem-18291	339	37	indicating	indicate	VERB
fbem-18291	339	38	that	that	SCONJ
fbem-18291	339	39	the	the	DET
fbem-18291	339	40	non	non	ADJ
fbem-18291	339	41	-	-	ADJ
fbem-18291	339	42	interest	interest	ADJ
fbem-18291	339	43	income	income	NOUN
fbem-18291	339	44	share	share	NOUN
fbem-18291	339	45	of	of	ADP
fbem-18291	339	46	commercial	commercial	ADJ
fbem-18291	339	47	bank	bank	NOUN
fbem-18291	339	48	liquidity	liquidity	NOUN
fbem-18291	339	49	will	will	AUX
fbem-18291	339	50	be	be	AUX
fbem-18291	339	51	enhanced	enhance	VERB
fbem-18291	339	52	.	.	PUNCT
fbem-18291	340	1	as	as	ADP
fbem-18291	340	2	such	such	ADJ
fbem-18291	340	3	,	,	PUNCT
fbem-18291	340	4	it	it	PRON
fbem-18291	340	5	can	can	AUX
fbem-18291	340	6	be	be	AUX
fbem-18291	340	7	concluded	conclude	VERB
fbem-18291	340	8	that	that	SCONJ
fbem-18291	340	9	the	the	DET
fbem-18291	340	10	development	development	NOUN
fbem-18291	340	11	of	of	ADP
fbem-18291	340	12	fintech	fintech	NOUN
fbem-18291	340	13	can	can	AUX
fbem-18291	340	14	affect	affect	VERB
fbem-18291	340	15	the	the	DET
fbem-18291	340	16	commercial	commercial	ADJ
fbem-18291	340	17	bank	bank	NOUN
fbem-18291	340	18	liquidity	liquidity	NOUN
fbem-18291	340	19	through	through	ADP
fbem-18291	340	20	the	the	DET
fbem-18291	340	21	non	non	ADJ
fbem-18291	340	22	-	-	ADJ
fbem-18291	340	23	interest	interest	ADJ
fbem-18291	340	24	income	income	NOUN
fbem-18291	340	25	share	share	NOUN
fbem-18291	340	26	.	.	PUNCT
fbem-18291	341	1	therefore	therefore	ADV
fbem-18291	341	2	,	,	PUNCT
fbem-18291	341	3	hypothesis	hypothesis	NOUN
fbem-18291	341	4	2	2	NUM
fbem-18291	341	5	does	do	AUX
fbem-18291	341	6	not	not	PART
fbem-18291	341	7	hold[77	hold[77	VERB
fbem-18291	341	8	]	]	X
fbem-18291	341	9	5.4	5.4	NUM
fbem-18291	341	10	.	.	PUNCT
fbem-18291	342	1	heterogeneity	heterogeneity	NOUN
fbem-18291	342	2	analysis	analysis	NOUN
fbem-18291	342	3	the	the	DET
fbem-18291	342	4	following	follow	VERB
fbem-18291	342	5	analysis	analysis	NOUN
fbem-18291	342	6	is	be	AUX
fbem-18291	342	7	conducted	conduct	VERB
fbem-18291	342	8	for	for	ADP
fbem-18291	342	9	the	the	DET
fbem-18291	342	10	heterogeneity	heterogeneity	NOUN
fbem-18291	342	11	of	of	ADP
fbem-18291	342	12	banks	bank	NOUN
fbem-18291	342	13	based	base	VERB
fbem-18291	342	14	on	on	ADP
fbem-18291	342	15	the	the	DET
fbem-18291	342	16	questions	question	NOUN
fbem-18291	342	17	posed	pose	VERB
fbem-18291	342	18	in	in	ADP
fbem-18291	342	19	hypothesis	hypothesis	NOUN
fbem-18291	342	20	3	3	NUM
fbem-18291	342	21	of	of	ADP
fbem-18291	342	22	the	the	DET
fbem-18291	342	23	article	article	NOUN
fbem-18291	342	24	.	.	PUNCT
fbem-18291	343	1	firstly	firstly	ADV
fbem-18291	343	2	,	,	PUNCT
fbem-18291	343	3	the	the	DET
fbem-18291	343	4	heterogeneity	heterogeneity	NOUN
fbem-18291	343	5	is	be	AUX
fbem-18291	343	6	analysed	analyse	VERB
fbem-18291	343	7	according	accord	VERB
fbem-18291	343	8	to	to	ADP
fbem-18291	343	9	the	the	DET
fbem-18291	343	10	different	different	ADJ
fbem-18291	343	11	ownership	ownership	NOUN
fbem-18291	343	12	of	of	ADP
fbem-18291	343	13	commercial	commercial	ADJ
fbem-18291	343	14	banks	bank	NOUN
fbem-18291	343	15	.	.	PUNCT
fbem-18291	344	1	where	where	SCONJ
fbem-18291	344	2	(	(	PUNCT
fbem-18291	344	3	1	1	X
fbem-18291	344	4	)	)	PUNCT
fbem-18291	344	5	is	be	AUX
fbem-18291	344	6	a	a	DET
fbem-18291	344	7	state	state	NOUN
fbem-18291	344	8	-	-	PUNCT
fbem-18291	344	9	owned	own	VERB
fbem-18291	344	10	bank	bank	NOUN
fbem-18291	344	11	,	,	PUNCT
fbem-18291	344	12	(	(	PUNCT
fbem-18291	344	13	2	2	X
fbem-18291	344	14	)	)	PUNCT
fbem-18291	344	15	is	be	AUX
fbem-18291	344	16	a	a	DET
fbem-18291	344	17	joint	joint	ADJ
fbem-18291	344	18	-	-	PUNCT
fbem-18291	344	19	stock	stock	NOUN
fbem-18291	344	20	bank	bank	NOUN
fbem-18291	344	21	,	,	PUNCT
fbem-18291	344	22	and	and	CCONJ
fbem-18291	344	23	(	(	PUNCT
fbem-18291	344	24	3	3	X
fbem-18291	344	25	)	)	PUNCT
fbem-18291	344	26	is	be	AUX
fbem-18291	344	27	a	a	DET
fbem-18291	344	28	city	city	NOUN
fbem-18291	344	29	commercial	commercial	ADJ
fbem-18291	344	30	bank	bank	NOUN
fbem-18291	344	31	.	.	PUNCT
fbem-18291	345	1	the	the	DET
fbem-18291	345	2	regression	regression	NOUN
fbem-18291	345	3	results	result	NOUN
fbem-18291	345	4	are	be	AUX
fbem-18291	345	5	presented	present	VERB
fbem-18291	345	6	in	in	ADP
fbem-18291	345	7	table	table	NOUN
fbem-18291	345	8	5	5	NUM
fbem-18291	345	9	-	-	SYM
fbem-18291	345	10	6	6	NUM
fbem-18291	345	11	and	and	CCONJ
fbem-18291	345	12	the	the	DET
fbem-18291	345	13	formula	formula	NOUN
fbem-18291	345	14	used	use	VERB
fbem-18291	345	15	is	be	AUX
fbem-18291	345	16	(	(	PUNCT
fbem-18291	345	17	4	4	NUM
fbem-18291	345	18	-	-	SYM
fbem-18291	345	19	7	7	NUM
fbem-18291	345	20	)	)	PUNCT
fbem-18291	345	21	.	.	PUNCT
fbem-18291	346	1	table	table	NOUN
fbem-18291	346	2	5	5	NUM
fbem-18291	346	3	-	-	SYM
fbem-18291	346	4	6	6	NUM
fbem-18291	346	5	.	.	PUNCT
fbem-18291	347	1	heterogeneity	heterogeneity	NOUN
fbem-18291	347	2	analysis	analysis	NOUN
fbem-18291	347	3	test	test	NOUN
fbem-18291	347	4	results	result	NOUN
fbem-18291	347	5	(	(	PUNCT
fbem-18291	347	6	nature	nature	NOUN
fbem-18291	347	7	of	of	ADP
fbem-18291	347	8	ownership	ownership	NOUN
fbem-18291	347	9	)	)	PUNCT
fbem-18291	347	10	(	(	PUNCT
fbem-18291	347	11	1	1	X
fbem-18291	347	12	)	)	PUNCT
fbem-18291	347	13	(	(	PUNCT
fbem-18291	347	14	2	2	NUM
fbem-18291	347	15	)	)	PUNCT
fbem-18291	347	16	(	(	PUNCT
fbem-18291	347	17	3	3	X
fbem-18291	347	18	)	)	PUNCT
fbem-18291	347	19	lr	lr	X
fbem-18291	347	20	lr	lr	X
fbem-18291	347	21	lr	lr	PROPN
fbem-18291	347	22	fi	fi	NOUN
fbem-18291	347	23	0.072	0.072	NUM
fbem-18291	347	24	0.154	0.154	NUM
fbem-18291	347	25	*	*	PUNCT
fbem-18291	347	26	*	*	NOUN
fbem-18291	347	27	0.258	0.258	NUM
fbem-18291	347	28	*	*	PUNCT
fbem-18291	347	29	*	*	PUNCT
fbem-18291	347	30	*	*	PUNCT
fbem-18291	347	31	(	(	PUNCT
fbem-18291	347	32	0.918	0.918	NUM
fbem-18291	347	33	)	)	PUNCT
fbem-18291	347	34	(	(	PUNCT
fbem-18291	347	35	2.467	2.467	NUM
fbem-18291	347	36	)	)	PUNCT
fbem-18291	347	37	(	(	PUNCT
fbem-18291	347	38	4.097	4.097	NUM
fbem-18291	347	39	)	)	PUNCT
fbem-18291	347	40	m2	m2	NOUN
fbem-18291	347	41	-0.472	-0.472	PUNCT
fbem-18291	347	42	0.528	0.528	NUM
fbem-18291	347	43	2.227	2.227	NUM
fbem-18291	347	44	*	*	SYM
fbem-18291	347	45	*	*	PUNCT
fbem-18291	347	46	(	(	PUNCT
fbem-18291	347	47	-0.835	-0.835	NOUN
fbem-18291	347	48	)	)	PUNCT
fbem-18291	347	49	(	(	PUNCT
fbem-18291	347	50	0.694	0.694	NUM
fbem-18291	347	51	)	)	PUNCT
fbem-18291	347	52	(	(	PUNCT
fbem-18291	347	53	2.560	2.560	NUM
fbem-18291	347	54	)	)	PUNCT
fbem-18291	347	55	gdp	gdp	NOUN
fbem-18291	347	56	-0.345	-0.345	PROPN
fbem-18291	347	57	0.321	0.321	NUM
fbem-18291	347	58	0.161	0.161	NUM
fbem-18291	347	59	(	(	PUNCT
fbem-18291	347	60	-0.730	-0.730	NUM
fbem-18291	347	61	)	)	PUNCT
fbem-18291	347	62	(	(	PUNCT
fbem-18291	347	63	0.501	0.501	NUM
fbem-18291	347	64	)	)	PUNCT
fbem-18291	347	65	(	(	PUNCT
fbem-18291	347	66	0.192	0.192	NUM
fbem-18291	347	67	)	)	PUNCT
fbem-18291	347	68	lnsize	lnsize	VERB
fbem-18291	347	69	11.164	11.164	NUM
fbem-18291	347	70	-9.445	-9.445	NOUN
fbem-18291	347	71	-14.956	-14.956	NUM
fbem-18291	347	72	(	(	PUNCT
fbem-18291	347	73	0.556	0.556	NUM
fbem-18291	347	74	)	)	PUNCT
fbem-18291	347	75	(	(	PUNCT
fbem-18291	347	76	-0.634	-0.634	NOUN
fbem-18291	347	77	)	)	PUNCT
fbem-18291	347	78	(	(	PUNCT
fbem-18291	347	79	-1.449	-1.449	NOUN
fbem-18291	347	80	)	)	PUNCT
fbem-18291	347	81	car	car	NOUN
fbem-18291	347	82	-2.181	-2.181	NOUN
fbem-18291	347	83	*	*	PUNCT
fbem-18291	347	84	-2.700	-2.700	PROPN
fbem-18291	347	85	*	*	PROPN
fbem-18291	347	86	*	*	NOUN
fbem-18291	347	87	0.769	0.769	NUM
fbem-18291	347	88	(	(	PUNCT
fbem-18291	347	89	-1.731	-1.731	NOUN
fbem-18291	347	90	)	)	PUNCT
fbem-18291	347	91	(	(	PUNCT
fbem-18291	347	92	-2.196	-2.196	NUM
fbem-18291	347	93	)	)	PUNCT
fbem-18291	347	94	(	(	PUNCT
fbem-18291	347	95	0.475	0.475	NUM
fbem-18291	347	96	)	)	PUNCT
fbem-18291	347	97	cir	cir	NOUN
fbem-18291	347	98	-0.171	-0.171	NOUN
fbem-18291	347	99	-0.164	-0.164	NOUN
fbem-18291	347	100	-0.069	-0.069	PUNCT
fbem-18291	347	101	(	(	PUNCT
fbem-18291	347	102	-0.339	-0.339	ADJ
fbem-18291	347	103	)	)	PUNCT
fbem-18291	347	104	(	(	PUNCT
fbem-18291	347	105	-0.387	-0.387	NUM
fbem-18291	347	106	)	)	PUNCT
fbem-18291	347	107	(	(	PUNCT
fbem-18291	347	108	-0.138	-0.138	X
fbem-18291	347	109	)	)	PUNCT
fbem-18291	347	110	npl	npl	PROPN
fbem-18291	347	111	-6.940	-6.940	NOUN
fbem-18291	347	112	*	*	NOUN
fbem-18291	347	113	*	*	PUNCT
fbem-18291	347	114	5.389	5.389	NUM
fbem-18291	347	115	5.064	5.064	NUM
fbem-18291	347	116	(	(	PUNCT
fbem-18291	347	117	-2.304	-2.304	PROPN
fbem-18291	347	118	)	)	PUNCT
fbem-18291	347	119	(	(	PUNCT
fbem-18291	347	120	1.299	1.299	NUM
fbem-18291	347	121	)	)	PUNCT
fbem-18291	347	122	(	(	PUNCT
fbem-18291	347	123	1.053	1.053	NUM
fbem-18291	347	124	)	)	PUNCT
fbem-18291	348	1	_	_	NOUN
fbem-18291	348	2	cons	con	NOUN
fbem-18291	348	3	-152.582	-152.582	NUM
fbem-18291	348	4	220.426	220.426	NUM
fbem-18291	348	5	222.248	222.248	NUM
fbem-18291	348	6	(	(	PUNCT
fbem-18291	348	7	-0.379	-0.379	PROPN
fbem-18291	348	8	)	)	PUNCT
fbem-18291	348	9	(	(	PUNCT
fbem-18291	348	10	0.769	0.769	NUM
fbem-18291	348	11	)	)	PUNCT
fbem-18291	348	12	(	(	PUNCT
fbem-18291	348	13	1.268	1.268	NUM
fbem-18291	348	14	)	)	PUNCT
fbem-18291	348	15	n	n	PRON
fbem-18291	348	16	50	50	NUM
fbem-18291	348	17	70	70	NUM
fbem-18291	348	18	60	60	NUM
fbem-18291	348	19	as	as	SCONJ
fbem-18291	348	20	presented	present	VERB
fbem-18291	348	21	in	in	ADP
fbem-18291	348	22	table	table	NOUN
fbem-18291	348	23	5	5	NUM
fbem-18291	348	24	-	-	SYM
fbem-18291	348	25	6	6	NUM
fbem-18291	348	26	,	,	PUNCT
fbem-18291	348	27	fintech	fintech	NOUN
fbem-18291	348	28	has	have	VERB
fbem-18291	348	29	an	an	DET
fbem-18291	348	30	impact	impact	NOUN
fbem-18291	348	31	on	on	ADP
fbem-18291	348	32	the	the	DET
fbem-18291	348	33	liquidity	liquidity	NOUN
fbem-18291	348	34	of	of	ADP
fbem-18291	348	35	commercial	commercial	ADJ
fbem-18291	348	36	banks	bank	NOUN
fbem-18291	348	37	of	of	ADP
fbem-18291	348	38	different	different	ADJ
fbem-18291	348	39	natures	nature	NOUN
fbem-18291	348	40	.	.	PUNCT
fbem-18291	349	1	amongst	amongst	ADP
fbem-18291	349	2	them	they	PRON
fbem-18291	349	3	,	,	PUNCT
fbem-18291	349	4	the	the	DET
fbem-18291	349	5	impact	impact	NOUN
fbem-18291	349	6	of	of	ADP
fbem-18291	349	7	fintech	fintech	NOUN
fbem-18291	349	8	on	on	ADP
fbem-18291	349	9	the	the	DET
fbem-18291	349	10	liquidity	liquidity	NOUN
fbem-18291	349	11	of	of	ADP
fbem-18291	349	12	state	state	NOUN
fbem-18291	349	13	-	-	PUNCT
fbem-18291	349	14	owned	own	VERB
fbem-18291	349	15	banks	bank	NOUN
fbem-18291	349	16	is	be	AUX
fbem-18291	349	17	the	the	DET
fbem-18291	349	18	smallest	small	ADJ
fbem-18291	349	19	and	and	CCONJ
fbem-18291	349	20	not	not	PART
fbem-18291	349	21	significant	significant	ADJ
fbem-18291	349	22	.	.	PUNCT
fbem-18291	350	1	this	this	PRON
fbem-18291	350	2	is	be	AUX
fbem-18291	350	3	because	because	SCONJ
fbem-18291	350	4	the	the	DET
fbem-18291	350	5	size	size	NOUN
fbem-18291	350	6	of	of	ADP
fbem-18291	350	7	state	state	NOUN
fbem-18291	350	8	-	-	PUNCT
fbem-18291	350	9	owned	own	VERB
fbem-18291	350	10	banks	bank	NOUN
fbem-18291	350	11	is	be	AUX
fbem-18291	350	12	extremely	extremely	ADV
fbem-18291	350	13	large	large	ADJ
fbem-18291	350	14	,	,	PUNCT
fbem-18291	350	15	far	far	ADV
fbem-18291	350	16	more	more	ADJ
fbem-18291	350	17	than	than	ADP
fbem-18291	350	18	other	other	ADJ
fbem-18291	350	19	commercial	commercial	ADJ
fbem-18291	350	20	banks	bank	NOUN
fbem-18291	350	21	,	,	PUNCT
fbem-18291	350	22	whether	whether	SCONJ
fbem-18291	350	23	from	from	ADP
fbem-18291	350	24	the	the	DET
fbem-18291	350	25	underlying	underlie	VERB
fbem-18291	350	26	295	295	NUM
fbem-18291	350	27	architecture	architecture	NOUN
fbem-18291	350	28	of	of	ADP
fbem-18291	350	29	fintech	fintech	NOUN
fbem-18291	350	30	construction	construction	NOUN
fbem-18291	350	31	or	or	CCONJ
fbem-18291	350	32	integration	integration	NOUN
fbem-18291	350	33	with	with	ADP
fbem-18291	350	34	the	the	DET
fbem-18291	350	35	business	business	NOUN
fbem-18291	350	36	is	be	AUX
fbem-18291	350	37	very	very	ADV
fbem-18291	350	38	difficult	difficult	ADJ
fbem-18291	350	39	.	.	PUNCT
fbem-18291	351	1	thus	thus	ADV
fbem-18291	351	2	,	,	PUNCT
fbem-18291	351	3	the	the	DET
fbem-18291	351	4	impact	impact	NOUN
fbem-18291	351	5	of	of	ADP
fbem-18291	351	6	fintech	fintech	NOUN
fbem-18291	351	7	on	on	ADP
fbem-18291	351	8	them	they	PRON
fbem-18291	351	9	has	have	AUX
fbem-18291	351	10	not	not	PART
fbem-18291	351	11	been	be	AUX
fbem-18291	351	12	fully	fully	ADV
fbem-18291	351	13	highlighted	highlight	VERB
fbem-18291	351	14	.	.	PUNCT
fbem-18291	352	1	the	the	DET
fbem-18291	352	2	degree	degree	NOUN
fbem-18291	352	3	of	of	ADP
fbem-18291	352	4	impact	impact	NOUN
fbem-18291	352	5	of	of	ADP
fbem-18291	352	6	fintech	fintech	NOUN
fbem-18291	352	7	on	on	ADP
fbem-18291	352	8	the	the	DET
fbem-18291	352	9	liquidity	liquidity	NOUN
fbem-18291	352	10	of	of	ADP
fbem-18291	352	11	joint	joint	ADJ
fbem-18291	352	12	-	-	PUNCT
fbem-18291	352	13	stock	stock	NOUN
fbem-18291	352	14	banks	bank	NOUN
fbem-18291	352	15	and	and	CCONJ
fbem-18291	352	16	urban	urban	ADJ
fbem-18291	352	17	commercial	commercial	ADJ
fbem-18291	352	18	banks	bank	NOUN
fbem-18291	352	19	is	be	AUX
fbem-18291	352	20	more	more	ADV
fbem-18291	352	21	obvious	obvious	ADJ
fbem-18291	352	22	,	,	PUNCT
fbem-18291	352	23	respectively	respectively	ADV
fbem-18291	352	24	,	,	PUNCT
fbem-18291	352	25	significant	significant	ADJ
fbem-18291	352	26	at	at	ADP
fbem-18291	352	27	the	the	DET
fbem-18291	352	28	5	5	NUM
fbem-18291	352	29	and	and	CCONJ
fbem-18291	352	30	1	1	NUM
fbem-18291	352	31	percent	percent	NOUN
fbem-18291	352	32	confidence	confidence	NOUN
fbem-18291	352	33	interval	interval	NOUN
fbem-18291	352	34	,	,	PUNCT
fbem-18291	352	35	the	the	DET
fbem-18291	352	36	coefficient	coefficient	NOUN
fbem-18291	352	37	is	be	AUX
fbem-18291	352	38	0.154	0.154	NUM
fbem-18291	352	39	and	and	CCONJ
fbem-18291	352	40	0.258	0.258	NUM
fbem-18291	352	41	.	.	PUNCT
fbem-18291	353	1	this	this	PRON
fbem-18291	353	2	is	be	AUX
fbem-18291	353	3	due	due	ADJ
fbem-18291	353	4	to	to	ADP
fbem-18291	353	5	the	the	DET
fbem-18291	353	6	fact	fact	NOUN
fbem-18291	353	7	that	that	SCONJ
fbem-18291	353	8	the	the	DET
fbem-18291	353	9	size	size	NOUN
fbem-18291	353	10	of	of	ADP
fbem-18291	353	11	the	the	DET
fbem-18291	353	12	two	two	NUM
fbem-18291	353	13	smaller	small	ADJ
fbem-18291	353	14	,	,	PUNCT
fbem-18291	353	15	the	the	DET
fbem-18291	353	16	development	development	NOUN
fbem-18291	353	17	of	of	ADP
fbem-18291	353	18	the	the	DET
fbem-18291	353	19	two	two	NUM
fbem-18291	353	20	compared	compare	VERB
fbem-18291	353	21	to	to	ADP
fbem-18291	353	22	the	the	DET
fbem-18291	353	23	former	former	NOUN
fbem-18291	353	24	has	have	AUX
fbem-18291	353	25	a	a	DET
fbem-18291	353	26	larger	large	ADJ
fbem-18291	353	27	space	space	NOUN
fbem-18291	353	28	,	,	PUNCT
fbem-18291	353	29	and	and	CCONJ
fbem-18291	353	30	thus	thus	ADV
fbem-18291	353	31	joint	joint	ADJ
fbem-18291	353	32	-	-	PUNCT
fbem-18291	353	33	stock	stock	NOUN
fbem-18291	353	34	banks	bank	NOUN
fbem-18291	353	35	and	and	CCONJ
fbem-18291	353	36	urban	urban	ADJ
fbem-18291	353	37	commercial	commercial	ADJ
fbem-18291	353	38	banks	bank	NOUN
fbem-18291	353	39	pay	pay	VERB
fbem-18291	353	40	more	more	ADJ
fbem-18291	353	41	attention	attention	NOUN
fbem-18291	353	42	to	to	ADP
fbem-18291	353	43	the	the	DET
fbem-18291	353	44	use	use	NOUN
fbem-18291	353	45	of	of	ADP
fbem-18291	353	46	new	new	ADJ
fbem-18291	353	47	technologies	technology	NOUN
fbem-18291	353	48	to	to	PART
fbem-18291	353	49	attract	attract	VERB
fbem-18291	353	50	customers	customer	NOUN
fbem-18291	353	51	,	,	PUNCT
fbem-18291	353	52	which	which	PRON
fbem-18291	353	53	to	to	ADP
fbem-18291	353	54	a	a	DET
fbem-18291	353	55	certain	certain	ADJ
fbem-18291	353	56	extent	extent	NOUN
fbem-18291	353	57	mitigates	mitigate	VERB
fbem-18291	353	58	the	the	DET
fbem-18291	353	59	negative	negative	ADJ
fbem-18291	353	60	impact	impact	NOUN
fbem-18291	353	61	of	of	ADP
fbem-18291	353	62	the	the	DET
fbem-18291	353	63	competitive	competitive	ADJ
fbem-18291	353	64	benefits	benefit	NOUN
fbem-18291	353	65	of	of	ADP
fbem-18291	353	66	fintech	fintech	NOUN
fbem-18291	353	67	.	.	PUNCT
fbem-18291	354	1	in	in	ADP
fbem-18291	354	2	summary	summary	NOUN
fbem-18291	354	3	,	,	PUNCT
fbem-18291	354	4	this	this	DET
fbem-18291	354	5	paper	paper	NOUN
fbem-18291	354	6	concludes	conclude	VERB
fbem-18291	354	7	that	that	SCONJ
fbem-18291	354	8	the	the	DET
fbem-18291	354	9	impact	impact	NOUN
fbem-18291	354	10	of	of	ADP
fbem-18291	354	11	fintech	fintech	NOUN
fbem-18291	354	12	on	on	ADP
fbem-18291	354	13	liquidity	liquidity	NOUN
fbem-18291	354	14	is	be	AUX
fbem-18291	354	15	heterogeneous	heterogeneous	ADJ
fbem-18291	354	16	amongst	amongst	ADP
fbem-18291	354	17	banks	bank	NOUN
fbem-18291	354	18	of	of	ADP
fbem-18291	354	19	different	different	ADJ
fbem-18291	354	20	natures[78	natures[78	PROPN
fbem-18291	354	21	]	]	PUNCT
fbem-18291	354	22	.	.	PUNCT
fbem-18291	355	1	subsequently	subsequently	ADV
fbem-18291	355	2	,	,	PUNCT
fbem-18291	355	3	the	the	DET
fbem-18291	355	4	heterogeneity	heterogeneity	NOUN
fbem-18291	355	5	is	be	AUX
fbem-18291	355	6	analysed	analyse	VERB
fbem-18291	355	7	according	accord	VERB
fbem-18291	355	8	to	to	ADP
fbem-18291	355	9	the	the	DET
fbem-18291	355	10	differences	difference	NOUN
fbem-18291	355	11	between	between	ADP
fbem-18291	355	12	the	the	DET
fbem-18291	355	13	northern	northern	ADJ
fbem-18291	355	14	and	and	CCONJ
fbem-18291	355	15	southern	southern	ADJ
fbem-18291	355	16	regions	region	NOUN
fbem-18291	355	17	of	of	ADP
fbem-18291	355	18	commercial	commercial	ADJ
fbem-18291	355	19	banks	bank	NOUN
fbem-18291	355	20	.	.	PUNCT
fbem-18291	356	1	where	where	SCONJ
fbem-18291	356	2	(	(	PUNCT
fbem-18291	356	3	1	1	X
fbem-18291	356	4	)	)	PUNCT
fbem-18291	356	5	represents	represent	VERB
fbem-18291	356	6	northern	northern	ADJ
fbem-18291	356	7	commercial	commercial	ADJ
fbem-18291	356	8	banks	bank	NOUN
fbem-18291	356	9	and	and	CCONJ
fbem-18291	356	10	(	(	PUNCT
fbem-18291	356	11	2	2	X
fbem-18291	356	12	)	)	PUNCT
fbem-18291	356	13	represents	represent	VERB
fbem-18291	356	14	southern	southern	ADJ
fbem-18291	356	15	commercial	commercial	ADJ
fbem-18291	356	16	banks	bank	NOUN
fbem-18291	356	17	.	.	PUNCT
fbem-18291	357	1	the	the	DET
fbem-18291	357	2	regression	regression	NOUN
fbem-18291	357	3	results	result	NOUN
fbem-18291	357	4	are	be	AUX
fbem-18291	357	5	shown	show	VERB
fbem-18291	357	6	in	in	ADP
fbem-18291	357	7	table	table	NOUN
fbem-18291	357	8	5	5	NUM
fbem-18291	357	9	-	-	SYM
fbem-18291	357	10	7	7	NUM
fbem-18291	357	11	and	and	CCONJ
fbem-18291	357	12	the	the	DET
fbem-18291	357	13	formula	formula	NOUN
fbem-18291	357	14	used	use	VERB
fbem-18291	357	15	is	be	AUX
fbem-18291	357	16	(	(	PUNCT
fbem-18291	357	17	4	4	NUM
fbem-18291	357	18	-	-	SYM
fbem-18291	357	19	8)	8)	NUM
fbem-18291	357	20	.	.	PUNCT
fbem-18291	357	21	table	table	NOUN
fbem-18291	357	22	5	5	NUM
fbem-18291	357	23	-	-	SYM
fbem-18291	357	24	7	7	NUM
fbem-18291	357	25	.	.	PUNCT
fbem-18291	358	1	heterogeneity	heterogeneity	NOUN
fbem-18291	358	2	analysis	analysis	NOUN
fbem-18291	358	3	test	test	NOUN
fbem-18291	358	4	results	result	NOUN
fbem-18291	358	5	(	(	PUNCT
fbem-18291	358	6	region	region	NOUN
fbem-18291	358	7	)	)	PUNCT
fbem-18291	358	8	(	(	PUNCT
fbem-18291	358	9	1	1	X
fbem-18291	358	10	)	)	PUNCT
fbem-18291	358	11	(	(	PUNCT
fbem-18291	358	12	2	2	X
fbem-18291	358	13	)	)	PUNCT
fbem-18291	358	14	lr	lr	X
fbem-18291	358	15	lr	lr	PROPN
fbem-18291	358	16	fi	fi	NOUN
fbem-18291	358	17	0.092	0.092	NUM
fbem-18291	358	18	*	*	X
fbem-18291	358	19	*	*	X
fbem-18291	358	20	0.122	0.122	NUM
fbem-18291	358	21	*	*	SYM
fbem-18291	358	22	(	(	PUNCT
fbem-18291	358	23	2.054	2.054	NUM
fbem-18291	358	24	)	)	PUNCT
fbem-18291	358	25	(	(	PUNCT
fbem-18291	358	26	1.790	1.790	NUM
fbem-18291	358	27	)	)	PUNCT
fbem-18291	358	28	m2	m2	PROPN
fbem-18291	358	29	0.391	0.391	NUM
fbem-18291	358	30	1.906	1.906	NUM
fbem-18291	358	31	*	*	NOUN
fbem-18291	358	32	*	*	PUNCT
fbem-18291	358	33	(	(	PUNCT
fbem-18291	358	34	0.581	0.581	NUM
fbem-18291	358	35	)	)	PUNCT
fbem-18291	358	36	(	(	PUNCT
fbem-18291	358	37	2.132	2.132	NUM
fbem-18291	358	38	)	)	PUNCT
fbem-18291	358	39	gdp	gdp	NOUN
fbem-18291	358	40	-0.195	-0.195	X
fbem-18291	358	41	0.250	0.250	NUM
fbem-18291	358	42	(	(	PUNCT
fbem-18291	358	43	-0.312	-0.312	NOUN
fbem-18291	358	44	)	)	PUNCT
fbem-18291	358	45	(	(	PUNCT
fbem-18291	358	46	0.306	0.306	NOUN
fbem-18291	358	47	)	)	PUNCT
fbem-18291	358	48	lnsize	lnsize	VERB
fbem-18291	358	49	6.211	6.211	NUM
fbem-18291	358	50	9.280	9.280	NUM
fbem-18291	358	51	(	(	PUNCT
fbem-18291	358	52	0.630	0.630	NUM
fbem-18291	358	53	)	)	PUNCT
fbem-18291	358	54	(	(	PUNCT
fbem-18291	358	55	0.835	0.835	NUM
fbem-18291	358	56	)	)	PUNCT
fbem-18291	358	57	car	car	NOUN
fbem-18291	358	58	2.172	2.172	NUM
fbem-18291	358	59	-3.380	-3.380	NOUN
fbem-18291	358	60	*	*	PUNCT
fbem-18291	358	61	*	*	PUNCT
fbem-18291	358	62	(	(	PUNCT
fbem-18291	358	63	1.641	1.641	NUM
fbem-18291	358	64	)	)	PUNCT
fbem-18291	358	65	(	(	PUNCT
fbem-18291	358	66	-2.353	-2.353	PROPN
fbem-18291	358	67	)	)	PUNCT
fbem-18291	358	68	cir	cir	VERB
fbem-18291	358	69	0.122	0.122	NUM
fbem-18291	358	70	0.383	0.383	NUM
fbem-18291	358	71	(	(	PUNCT
fbem-18291	358	72	0.291	0.291	NUM
fbem-18291	358	73	)	)	PUNCT
fbem-18291	358	74	(	(	PUNCT
fbem-18291	358	75	0.801	0.801	NUM
fbem-18291	358	76	)	)	PUNCT
fbem-18291	358	77	npl	npl	NOUN
fbem-18291	358	78	-0.060	-0.060	NOUN
fbem-18291	358	79	12.936	12.936	NUM
fbem-18291	358	80	*	*	PUNCT
fbem-18291	358	81	*	*	PUNCT
fbem-18291	358	82	(	(	PUNCT
fbem-18291	358	83	-0.015	-0.015	PROPN
fbem-18291	358	84	)	)	PUNCT
fbem-18291	358	85	(	(	PUNCT
fbem-18291	358	86	2.281	2.281	NUM
fbem-18291	358	87	)	)	PUNCT
fbem-18291	359	1	_	_	NOUN
fbem-18291	359	2	cons	con	NOUN
fbem-18291	359	3	-127.037	-127.037	PROPN
fbem-18291	359	4	-158.840	-158.840	PROPN
fbem-18291	359	5	(	(	PUNCT
fbem-18291	359	6	-0.704	-0.704	NOUN
fbem-18291	359	7	)	)	PUNCT
fbem-18291	359	8	(	(	PUNCT
fbem-18291	359	9	-0.777	-0.777	NUM
fbem-18291	359	10	)	)	PUNCT
fbem-18291	359	11	n	n	PRON
fbem-18291	359	12	60	60	NUM
fbem-18291	359	13	70	70	NUM
fbem-18291	359	14	as	as	SCONJ
fbem-18291	359	15	observed	observe	VERB
fbem-18291	359	16	from	from	ADP
fbem-18291	359	17	table	table	NOUN
fbem-18291	359	18	5	5	NUM
fbem-18291	359	19	-	-	SYM
fbem-18291	359	20	7	7	NUM
fbem-18291	359	21	,	,	PUNCT
fbem-18291	359	22	the	the	DET
fbem-18291	359	23	coefficient	coefficient	NOUN
fbem-18291	359	24	of	of	ADP
fbem-18291	359	25	the	the	DET
fbem-18291	359	26	impact	impact	NOUN
fbem-18291	359	27	of	of	ADP
fbem-18291	359	28	fintech	fintech	NOUN
fbem-18291	359	29	on	on	ADP
fbem-18291	359	30	northern	northern	ADJ
fbem-18291	359	31	commercial	commercial	ADJ
fbem-18291	359	32	banks	bank	NOUN
fbem-18291	359	33	is	be	AUX
fbem-18291	359	34	0.092	0.092	NUM
fbem-18291	359	35	and	and	CCONJ
fbem-18291	359	36	passes	pass	VERB
fbem-18291	359	37	the	the	DET
fbem-18291	359	38	test	test	NOUN
fbem-18291	359	39	at	at	ADP
fbem-18291	359	40	the	the	DET
fbem-18291	359	41	5	5	NUM
fbem-18291	359	42	percent	percent	NOUN
fbem-18291	359	43	level	level	NOUN
fbem-18291	359	44	of	of	ADP
fbem-18291	359	45	significance	significance	NOUN
fbem-18291	359	46	,	,	PUNCT
fbem-18291	359	47	indicating	indicate	VERB
fbem-18291	359	48	that	that	SCONJ
fbem-18291	359	49	fintech	fintech	NOUN
fbem-18291	359	50	does	do	AUX
fbem-18291	359	51	have	have	VERB
fbem-18291	359	52	a	a	DET
fbem-18291	359	53	significant	significant	ADJ
fbem-18291	359	54	positive	positive	ADJ
fbem-18291	359	55	impact	impact	NOUN
fbem-18291	359	56	on	on	ADP
fbem-18291	359	57	the	the	DET
fbem-18291	359	58	liquidity	liquidity	NOUN
fbem-18291	359	59	ratio	ratio	NOUN
fbem-18291	359	60	of	of	ADP
fbem-18291	359	61	northern	northern	ADJ
fbem-18291	359	62	commercial	commercial	ADJ
fbem-18291	359	63	banks	bank	NOUN
fbem-18291	359	64	.	.	PUNCT
fbem-18291	360	1	similarly	similarly	ADV
fbem-18291	360	2	,	,	PUNCT
fbem-18291	360	3	the	the	DET
fbem-18291	360	4	impact	impact	NOUN
fbem-18291	360	5	coefficient	coefficient	NOUN
fbem-18291	360	6	of	of	ADP
fbem-18291	360	7	fintech	fintech	NOUN
fbem-18291	360	8	on	on	ADP
fbem-18291	360	9	southern	southern	ADJ
fbem-18291	360	10	commercial	commercial	ADJ
fbem-18291	360	11	banks	bank	NOUN
fbem-18291	360	12	also	also	ADV
fbem-18291	360	13	passes	pass	VERB
fbem-18291	360	14	the	the	DET
fbem-18291	360	15	test	test	NOUN
fbem-18291	360	16	at	at	ADP
fbem-18291	360	17	a	a	DET
fbem-18291	360	18	significant	significant	ADJ
fbem-18291	360	19	level	level	NOUN
fbem-18291	360	20	of	of	ADP
fbem-18291	360	21	10	10	NUM
fbem-18291	360	22	percent	percent	NOUN
fbem-18291	360	23	,	,	PUNCT
fbem-18291	360	24	and	and	CCONJ
fbem-18291	360	25	the	the	DET
fbem-18291	360	26	coefficient	coefficient	NOUN
fbem-18291	360	27	is	be	AUX
fbem-18291	360	28	even	even	ADV
fbem-18291	360	29	higher	high	ADJ
fbem-18291	360	30	than	than	ADP
fbem-18291	360	31	that	that	PRON
fbem-18291	360	32	of	of	ADP
fbem-18291	360	33	the	the	DET
fbem-18291	360	34	north	north	NOUN
fbem-18291	360	35	,	,	PUNCT
fbem-18291	360	36	at	at	ADP
fbem-18291	360	37	0.122	0.122	NUM
fbem-18291	360	38	.	.	PUNCT
fbem-18291	361	1	this	this	PRON
fbem-18291	361	2	suggests	suggest	VERB
fbem-18291	361	3	that	that	SCONJ
fbem-18291	361	4	fintech	fintech	NOUN
fbem-18291	361	5	has	have	VERB
fbem-18291	361	6	a	a	DET
fbem-18291	361	7	more	more	ADV
fbem-18291	361	8	pronounced	pronounce	VERB
fbem-18291	361	9	impact	impact	NOUN
fbem-18291	361	10	on	on	ADP
fbem-18291	361	11	the	the	DET
fbem-18291	361	12	liquidity	liquidity	NOUN
fbem-18291	361	13	of	of	ADP
fbem-18291	361	14	southern	southern	ADJ
fbem-18291	361	15	commercial	commercial	ADJ
fbem-18291	361	16	banks	bank	NOUN
fbem-18291	361	17	.	.	PUNCT
fbem-18291	362	1	this	this	PRON
fbem-18291	362	2	is	be	AUX
fbem-18291	362	3	due	due	ADJ
fbem-18291	362	4	to	to	ADP
fbem-18291	362	5	the	the	DET
fbem-18291	362	6	fact	fact	NOUN
fbem-18291	362	7	that	that	SCONJ
fbem-18291	362	8	the	the	DET
fbem-18291	362	9	south	south	NOUN
fbem-18291	362	10	is	be	AUX
fbem-18291	362	11	a	a	DET
fbem-18291	362	12	more	more	ADV
fbem-18291	362	13	economically	economically	ADV
fbem-18291	362	14	developed	develop	VERB
fbem-18291	362	15	region	region	NOUN
fbem-18291	362	16	in	in	ADP
fbem-18291	362	17	china	china	PROPN
fbem-18291	362	18	,	,	PUNCT
fbem-18291	362	19	close	close	ADJ
fbem-18291	362	20	to	to	ADP
fbem-18291	362	21	hong	hong	PROPN
fbem-18291	362	22	kong	kong	PROPN
fbem-18291	362	23	and	and	CCONJ
fbem-18291	362	24	macao	macao	PROPN
fbem-18291	362	25	,	,	PUNCT
fbem-18291	362	26	and	and	CCONJ
fbem-18291	362	27	also	also	ADV
fbem-18291	362	28	shanghai	shanghai	PROPN
fbem-18291	362	29	is	be	AUX
fbem-18291	362	30	the	the	DET
fbem-18291	362	31	open	open	ADJ
fbem-18291	362	32	door	door	NOUN
fbem-18291	362	33	and	and	CCONJ
fbem-18291	362	34	financial	financial	ADJ
fbem-18291	362	35	centre	centre	NOUN
fbem-18291	362	36	of	of	ADP
fbem-18291	362	37	china	china	PROPN
fbem-18291	362	38	,	,	PUNCT
fbem-18291	362	39	which	which	PRON
fbem-18291	362	40	makes	make	VERB
fbem-18291	362	41	the	the	DET
fbem-18291	362	42	development	development	NOUN
fbem-18291	362	43	and	and	CCONJ
fbem-18291	362	44	use	use	NOUN
fbem-18291	362	45	of	of	ADP
fbem-18291	362	46	fintech	fintech	NOUN
fbem-18291	362	47	more	more	ADV
fbem-18291	362	48	important	important	ADJ
fbem-18291	362	49	than	than	ADP
fbem-18291	362	50	in	in	ADP
fbem-18291	362	51	the	the	DET
fbem-18291	362	52	north	north	NOUN
fbem-18291	362	53	.	.	PUNCT
fbem-18291	363	1	as	as	SCONJ
fbem-18291	363	2	they	they	PRON
fbem-18291	363	3	are	be	AUX
fbem-18291	363	4	exposed	expose	VERB
fbem-18291	363	5	to	to	ADP
fbem-18291	363	6	overseas	overseas	ADJ
fbem-18291	363	7	markets	market	NOUN
fbem-18291	363	8	and	and	CCONJ
fbem-18291	363	9	emerging	emerge	VERB
fbem-18291	363	10	technologies	technology	NOUN
fbem-18291	363	11	before	before	ADP
fbem-18291	363	12	the	the	DET
fbem-18291	363	13	north	north	NOUN
fbem-18291	363	14	,	,	PUNCT
fbem-18291	363	15	commercial	commercial	ADJ
fbem-18291	363	16	banks	bank	NOUN
fbem-18291	363	17	in	in	ADP
fbem-18291	363	18	the	the	DET
fbem-18291	363	19	south	south	NOUN
fbem-18291	363	20	have	have	AUX
fbem-18291	363	21	absorbed	absorb	VERB
fbem-18291	363	22	fintech	fintech	NOUN
fbem-18291	363	23	more	more	ADV
fbem-18291	363	24	thoroughly	thoroughly	ADV
fbem-18291	363	25	and	and	CCONJ
fbem-18291	363	26	with	with	ADP
fbem-18291	363	27	better	well	ADJ
fbem-18291	363	28	technology	technology	NOUN
fbem-18291	363	29	.	.	PUNCT
fbem-18291	364	1	in	in	ADP
fbem-18291	364	2	summary	summary	NOUN
fbem-18291	364	3	,	,	PUNCT
fbem-18291	364	4	this	this	DET
fbem-18291	364	5	paper	paper	NOUN
fbem-18291	364	6	concludes	conclude	VERB
fbem-18291	364	7	that	that	SCONJ
fbem-18291	364	8	the	the	DET
fbem-18291	364	9	impact	impact	NOUN
fbem-18291	364	10	of	of	ADP
fbem-18291	364	11	fintech	fintech	NOUN
fbem-18291	364	12	on	on	ADP
fbem-18291	364	13	liquidity	liquidity	NOUN
fbem-18291	364	14	is	be	AUX
fbem-18291	364	15	heterogeneous	heterogeneous	ADJ
fbem-18291	364	16	amongst	amongst	ADP
fbem-18291	364	17	banks	bank	NOUN
fbem-18291	364	18	with	with	ADP
fbem-18291	364	19	different	different	ADJ
fbem-18291	364	20	regional	regional	ADJ
fbem-18291	364	21	natures	nature	NOUN
fbem-18291	364	22	,	,	PUNCT
fbem-18291	364	23	and	and	CCONJ
fbem-18291	364	24	hypothesis	hypothesis	NOUN
fbem-18291	364	25	3	3	NUM
fbem-18291	364	26	holds	hold	NOUN
fbem-18291	364	27	.	.	PUNCT
fbem-18291	365	1	5.5	5.5	NUM
fbem-18291	365	2	.	.	PUNCT
fbem-18291	366	1	robustness	robustness	NOUN
fbem-18291	366	2	check	check	VERB
fbem-18291	366	3	5.5.1	5.5.1	NUM
fbem-18291	366	4	.	.	PUNCT
fbem-18291	366	5	winsorization	winsorization	NOUN
fbem-18291	366	6	when	when	SCONJ
fbem-18291	366	7	conducting	conduct	VERB
fbem-18291	366	8	data	datum	NOUN
fbem-18291	366	9	collection	collection	NOUN
fbem-18291	366	10	and	and	CCONJ
fbem-18291	366	11	descriptive	descriptive	ADJ
fbem-18291	366	12	analysis	analysis	NOUN
fbem-18291	366	13	,	,	PUNCT
fbem-18291	366	14	it	it	PRON
fbem-18291	366	15	can	can	AUX
fbem-18291	366	16	be	be	AUX
fbem-18291	366	17	observed	observe	VERB
fbem-18291	366	18	that	that	SCONJ
fbem-18291	366	19	there	there	PRON
fbem-18291	366	20	are	be	VERB
fbem-18291	366	21	some	some	DET
fbem-18291	366	22	extreme	extreme	ADJ
fbem-18291	366	23	values	value	NOUN
fbem-18291	366	24	,	,	PUNCT
fbem-18291	366	25	for	for	ADP
fbem-18291	366	26	example	example	NOUN
fbem-18291	366	27	,	,	PUNCT
fbem-18291	366	28	the	the	DET
fbem-18291	366	29	gdp	gdp	NOUN
fbem-18291	366	30	growth	growth	NOUN
fbem-18291	366	31	rate	rate	NOUN
fbem-18291	366	32	in	in	ADP
fbem-18291	366	33	2022	2022	NUM
fbem-18291	366	34	is	be	AUX
fbem-18291	366	35	only	only	ADV
fbem-18291	366	36	3	3	NUM
fbem-18291	366	37	percent	percent	NOUN
fbem-18291	366	38	affected	affect	VERB
fbem-18291	366	39	by	by	ADP
fbem-18291	366	40	the	the	DET
fbem-18291	366	41	pandemic	pandemic	NOUN
fbem-18291	366	42	,	,	PUNCT
fbem-18291	366	43	and	and	CCONJ
fbem-18291	366	44	the	the	DET
fbem-18291	366	45	non	non	ADJ
fbem-18291	366	46	-	-	ADJ
fbem-18291	366	47	interest	interest	ADJ
fbem-18291	366	48	income	income	NOUN
fbem-18291	366	49	share	share	NOUN
fbem-18291	366	50	of	of	ADP
fbem-18291	366	51	zhengzhou	zhengzhou	PROPN
fbem-18291	366	52	bank	bank	PROPN
fbem-18291	366	53	was	be	AUX
fbem-18291	366	54	only	only	ADV
fbem-18291	366	55	in	in	ADP
fbem-18291	366	56	single	single	ADJ
fbem-18291	366	57	digits	digit	NOUN
fbem-18291	366	58	in	in	ADP
fbem-18291	366	59	2013	2013	NUM
fbem-18291	366	60	and	and	CCONJ
fbem-18291	366	61	2014	2014	NUM
fbem-18291	366	62	,	,	PUNCT
fbem-18291	366	63	which	which	PRON
fbem-18291	366	64	are	be	AUX
fbem-18291	366	65	extreme	extreme	ADJ
fbem-18291	366	66	values	value	NOUN
fbem-18291	366	67	due	due	ADP
fbem-18291	366	68	to	to	ADP
fbem-18291	366	69	special	special	ADJ
fbem-18291	366	70	circumstances	circumstance	NOUN
fbem-18291	366	71	,	,	PUNCT
fbem-18291	366	72	such	such	ADJ
fbem-18291	366	73	as	as	ADP
fbem-18291	366	74	the	the	DET
fbem-18291	366	75	pandemic	pandemic	ADJ
fbem-18291	366	76	and	and	CCONJ
fbem-18291	366	77	government	government	NOUN
fbem-18291	366	78	policies	policy	NOUN
fbem-18291	366	79	(	(	PUNCT
fbem-18291	366	80	add	add	VERB
fbem-18291	366	81	reference	reference	NOUN
fbem-18291	366	82	,	,	PUNCT
fbem-18291	366	83	p.	p.	NOUN
fbem-18291	366	84	)	)	PUNCT
fbem-18291	366	85	.	.	PUNCT
fbem-18291	367	1	therefore	therefore	ADV
fbem-18291	367	2	,	,	PUNCT
fbem-18291	367	3	this	this	DET
fbem-18291	367	4	paper	paper	NOUN
fbem-18291	367	5	shrinks	shrink	VERB
fbem-18291	367	6	the	the	DET
fbem-18291	367	7	continuous	continuous	ADJ
fbem-18291	367	8	sample	sample	NOUN
fbem-18291	367	9	data	datum	NOUN
fbem-18291	367	10	at	at	ADP
fbem-18291	367	11	its	its	PRON
fbem-18291	367	12	1	1	NUM
fbem-18291	367	13	and	and	CCONJ
fbem-18291	367	14	99	99	NUM
fbem-18291	367	15	percent	percent	NOUN
fbem-18291	367	16	distribution	distribution	NOUN
fbem-18291	367	17	positions	position	NOUN
fbem-18291	367	18	to	to	PART
fbem-18291	367	19	ensure	ensure	VERB
fbem-18291	367	20	that	that	SCONJ
fbem-18291	367	21	the	the	DET
fbem-18291	367	22	interference	interference	NOUN
fbem-18291	367	23	of	of	ADP
fbem-18291	367	24	extreme	extreme	ADJ
fbem-18291	367	25	values	value	NOUN
fbem-18291	367	26	on	on	ADP
fbem-18291	367	27	the	the	DET
fbem-18291	367	28	empirical	empirical	ADJ
fbem-18291	367	29	results	result	NOUN
fbem-18291	367	30	is	be	AUX
fbem-18291	367	31	eliminated	eliminate	VERB
fbem-18291	367	32	.	.	PUNCT
fbem-18291	368	1	the	the	DET
fbem-18291	368	2	regression	regression	NOUN
fbem-18291	368	3	results	result	NOUN
fbem-18291	368	4	are	be	AUX
fbem-18291	368	5	presented	present	VERB
fbem-18291	368	6	in	in	ADP
fbem-18291	368	7	table	table	NOUN
fbem-18291	368	8	5	5	NUM
fbem-18291	368	9	-	-	SYM
fbem-18291	368	10	8	8	NUM
fbem-18291	368	11	for	for	ADP
fbem-18291	368	12	model	model	NOUN
fbem-18291	368	13	(	(	PUNCT
fbem-18291	368	14	2	2	NUM
fbem-18291	368	15	)	)	PUNCT
fbem-18291	368	16	,	,	PUNCT
fbem-18291	368	17	and	and	CCONJ
fbem-18291	368	18	the	the	DET
fbem-18291	368	19	original	original	ADJ
fbem-18291	368	20	regression	regression	NOUN
fbem-18291	368	21	result	result	NOUN
fbem-18291	368	22	is	be	AUX
fbem-18291	368	23	(	(	PUNCT
fbem-18291	368	24	1	1	NUM
fbem-18291	368	25	)	)	PUNCT
fbem-18291	368	26	.	.	PUNCT
fbem-18291	369	1	table	table	NOUN
fbem-18291	369	2	5	5	NUM
fbem-18291	369	3	-	-	SYM
fbem-18291	369	4	8	8	NUM
fbem-18291	369	5	.	.	PUNCT
fbem-18291	370	1	empirical	empirical	ADJ
fbem-18291	370	2	results	result	NOUN
fbem-18291	370	3	of	of	ADP
fbem-18291	370	4	winsorization	winsorization	NOUN
fbem-18291	370	5	(	(	PUNCT
fbem-18291	370	6	1	1	NUM
fbem-18291	370	7	)	)	PUNCT
fbem-18291	370	8	(	(	PUNCT
fbem-18291	370	9	2	2	X
fbem-18291	370	10	)	)	PUNCT
fbem-18291	370	11	lr	lr	X
fbem-18291	370	12	lr	lr	PROPN
fbem-18291	370	13	fi	fi	NOUN
fbem-18291	370	14	0.133	0.133	NOUN
fbem-18291	370	15	*	*	PUNCT
fbem-18291	370	16	*	*	PUNCT
fbem-18291	370	17	*	*	PUNCT
fbem-18291	370	18	0.133	0.133	NUM
fbem-18291	370	19	*	*	PUNCT
fbem-18291	370	20	*	*	PUNCT
fbem-18291	370	21	*	*	PUNCT
fbem-18291	370	22	(	(	PUNCT
fbem-18291	370	23	4.068	4.068	NUM
fbem-18291	370	24	)	)	PUNCT
fbem-18291	370	25	(	(	PUNCT
fbem-18291	370	26	4.424	4.424	NUM
fbem-18291	370	27	)	)	PUNCT
fbem-18291	370	28	m2	m2	PROPN
fbem-18291	370	29	0.849	0.849	NUM
fbem-18291	370	30	*	*	SYM
fbem-18291	370	31	0.445	0.445	NUM
fbem-18291	370	32	(	(	PUNCT
fbem-18291	370	33	1.901	1.901	NUM
fbem-18291	370	34	)	)	PUNCT
fbem-18291	370	35	(	(	PUNCT
fbem-18291	370	36	1.072	1.072	NUM
fbem-18291	370	37	)	)	PUNCT
fbem-18291	370	38	gdp	gdp	NOUN
fbem-18291	370	39	0.206	0.206	NUM
fbem-18291	370	40	0.398	0.398	NUM
fbem-18291	370	41	(	(	PUNCT
fbem-18291	370	42	0.492	0.492	NUM
fbem-18291	370	43	)	)	PUNCT
fbem-18291	370	44	(	(	PUNCT
fbem-18291	370	45	1.077	1.077	NUM
fbem-18291	370	46	)	)	PUNCT
fbem-18291	370	47	lnsize	lnsize	VERB
fbem-18291	370	48	3.842	3.842	NUM
fbem-18291	370	49	-0.867	-0.867	NUM
fbem-18291	370	50	(	(	PUNCT
fbem-18291	370	51	0.654	0.654	NUM
fbem-18291	370	52	)	)	PUNCT
fbem-18291	370	53	(	(	PUNCT
fbem-18291	370	54	-0.150	-0.150	NOUN
fbem-18291	370	55	)	)	PUNCT
fbem-18291	370	56	car	car	NOUN
fbem-18291	370	57	-2.483	-2.483	NOUN
fbem-18291	370	58	*	*	PUNCT
fbem-18291	370	59	*	*	PUNCT
fbem-18291	370	60	*	*	PUNCT
fbem-18291	370	61	-2.529	-2.529	PUNCT
fbem-18291	371	1	*	*	PUNCT
fbem-18291	371	2	*	*	PUNCT
fbem-18291	371	3	*	*	PUNCT
fbem-18291	371	4	(	(	PUNCT
fbem-18291	371	5	-3.136	-3.136	NOUN
fbem-18291	371	6	)	)	PUNCT
fbem-18291	371	7	(	(	PUNCT
fbem-18291	371	8	-3.365	-3.365	X
fbem-18291	371	9	)	)	PUNCT
fbem-18291	371	10	cir	cir	PROPN
fbem-18291	371	11	-0.029	-0.029	PROPN
fbem-18291	371	12	-0.329	-0.329	PUNCT
fbem-18291	371	13	(	(	PUNCT
fbem-18291	371	14	-0.107	-0.107	X
fbem-18291	371	15	)	)	PUNCT
fbem-18291	371	16	(	(	PUNCT
fbem-18291	371	17	-1.146	-1.146	PUNCT
fbem-18291	371	18	)	)	PUNCT
fbem-18291	371	19	npl	npl	NOUN
fbem-18291	371	20	3.600	3.600	NUM
fbem-18291	371	21	1.343	1.343	NUM
fbem-18291	371	22	(	(	PUNCT
fbem-18291	371	23	1.439	1.439	NUM
fbem-18291	371	24	)	)	PUNCT
fbem-18291	371	25	(	(	PUNCT
fbem-18291	371	26	0.486	0.486	NUM
fbem-18291	371	27	)	)	PUNCT
fbem-18291	372	1	_	_	PRON
fbem-18291	372	2	cons	con	NOUN
fbem-18291	372	3	-40.836	-40.836	VERB
fbem-18291	372	4	67.393	67.393	NUM
fbem-18291	372	5	(	(	PUNCT
fbem-18291	372	6	-0.368	-0.368	PROPN
fbem-18291	372	7	)	)	PUNCT
fbem-18291	372	8	(	(	PUNCT
fbem-18291	372	9	0.608	0.608	NUM
fbem-18291	372	10	)	)	PUNCT
fbem-18291	372	11	n	n	PRON
fbem-18291	372	12	180	180	NUM
fbem-18291	372	13	155	155	NUM
fbem-18291	372	14	as	as	ADP
fbem-18291	372	15	observed	observe	VERB
fbem-18291	372	16	from	from	ADP
fbem-18291	372	17	the	the	DET
fbem-18291	372	18	chart	chart	NOUN
fbem-18291	372	19	,	,	PUNCT
fbem-18291	372	20	the	the	DET
fbem-18291	372	21	coefficient	coefficient	NOUN
fbem-18291	372	22	of	of	ADP
fbem-18291	372	23	the	the	DET
fbem-18291	372	24	impact	impact	NOUN
fbem-18291	372	25	of	of	ADP
fbem-18291	372	26	fintech	fintech	NOUN
fbem-18291	372	27	on	on	ADP
fbem-18291	372	28	the	the	DET
fbem-18291	372	29	liquidity	liquidity	NOUN
fbem-18291	372	30	of	of	ADP
fbem-18291	372	31	commercial	commercial	ADJ
fbem-18291	372	32	banks	bank	NOUN
fbem-18291	372	33	has	have	AUX
fbem-18291	372	34	not	not	PART
fbem-18291	372	35	changed	change	VERB
fbem-18291	372	36	and	and	CCONJ
fbem-18291	372	37	is	be	AUX
fbem-18291	372	38	still	still	ADV
fbem-18291	372	39	0.133	0.133	NUM
fbem-18291	372	40	,	,	PUNCT
fbem-18291	372	41	which	which	PRON
fbem-18291	372	42	indicates	indicate	VERB
fbem-18291	372	43	that	that	SCONJ
fbem-18291	372	44	the	the	DET
fbem-18291	372	45	integration	integration	NOUN
fbem-18291	372	46	of	of	ADP
fbem-18291	372	47	fintech	fintech	NOUN
fbem-18291	372	48	and	and	CCONJ
fbem-18291	372	49	commercial	commercial	ADJ
fbem-18291	372	50	banks	bank	NOUN
fbem-18291	372	51	has	have	AUX
fbem-18291	372	52	indeed	indeed	ADV
fbem-18291	372	53	brought	bring	VERB
fbem-18291	372	54	about	about	ADP
fbem-18291	372	55	an	an	DET
fbem-18291	372	56	improvement	improvement	NOUN
fbem-18291	372	57	in	in	ADP
fbem-18291	372	58	liquidity	liquidity	NOUN
fbem-18291	372	59	for	for	ADP
fbem-18291	372	60	commercial	commercial	ADJ
fbem-18291	372	61	banks	bank	NOUN
fbem-18291	372	62	.	.	PUNCT
fbem-18291	373	1	meanwhile	meanwhile	ADV
fbem-18291	373	2	,	,	PUNCT
fbem-18291	373	3	m2	m2	PROPN
fbem-18291	373	4	is	be	AUX
fbem-18291	373	5	no	no	ADV
fbem-18291	373	6	longer	long	ADV
fbem-18291	373	7	significant	significant	ADJ
fbem-18291	373	8	after	after	ADP
fbem-18291	373	9	winsorization	winsorization	NOUN
fbem-18291	373	10	,	,	PUNCT
fbem-18291	373	11	which	which	PRON
fbem-18291	373	12	may	may	AUX
fbem-18291	373	13	be	be	AUX
fbem-18291	373	14	due	due	ADJ
fbem-18291	373	15	to	to	ADP
fbem-18291	373	16	the	the	DET
fbem-18291	373	17	impact	impact	NOUN
fbem-18291	373	18	of	of	ADP
fbem-18291	373	19	the	the	DET
fbem-18291	373	20	pandemic	pandemic	NOUN
fbem-18291	373	21	caused	cause	VERB
fbem-18291	373	22	by	by	ADP
fbem-18291	373	23	the	the	DET
fbem-18291	373	24	adjustment	adjustment	NOUN
fbem-18291	373	25	of	of	ADP
fbem-18291	373	26	the	the	DET
fbem-18291	373	27	national	national	ADJ
fbem-18291	373	28	monetary	monetary	ADJ
fbem-18291	373	29	policy	policy	NOUN
fbem-18291	373	30	impressed	impress	VERB
fbem-18291	373	31	the	the	DET
fbem-18291	373	32	data	data	NOUN
fbem-18291	373	33	results	result	NOUN
fbem-18291	373	34	.	.	PUNCT
fbem-18291	374	1	the	the	DET
fbem-18291	374	2	winsorization	winsorization	NOUN
fbem-18291	374	3	eliminates	eliminate	VERB
fbem-18291	374	4	the	the	DET
fbem-18291	374	5	effect	effect	NOUN
fbem-18291	374	6	of	of	ADP
fbem-18291	374	7	extreme	extreme	ADJ
fbem-18291	374	8	values	value	NOUN
fbem-18291	374	9	,	,	PUNCT
fbem-18291	374	10	and	and	CCONJ
fbem-18291	374	11	all	all	DET
fbem-18291	374	12	other	other	ADJ
fbem-18291	374	13	results	result	NOUN
fbem-18291	374	14	are	be	AUX
fbem-18291	374	15	the	the	DET
fbem-18291	374	16	same	same	ADJ
fbem-18291	374	17	as	as	ADP
fbem-18291	374	18	the	the	DET
fbem-18291	374	19	first	first	ADJ
fbem-18291	374	20	regression	regression	NOUN
fbem-18291	374	21	results	result	NOUN
fbem-18291	374	22	.	.	PUNCT
fbem-18291	375	1	5.5.2	5.5.2	X
fbem-18291	375	2	.	.	PUNCT
fbem-18291	375	3	replacement	replacement	NOUN
fbem-18291	375	4	of	of	ADP
fbem-18291	375	5	explained	explain	VERB
fbem-18291	375	6	variables	variable	NOUN
fbem-18291	375	7	liquidity	liquidity	NOUN
fbem-18291	375	8	ratio	ratio	NOUN
fbem-18291	375	9	,	,	PUNCT
fbem-18291	375	10	as	as	ADP
fbem-18291	375	11	one	one	NUM
fbem-18291	375	12	of	of	ADP
fbem-18291	375	13	the	the	DET
fbem-18291	375	14	liquidity	liquidity	NOUN
fbem-18291	375	15	regulatory	regulatory	ADJ
fbem-18291	375	16	indicators	indicator	NOUN
fbem-18291	375	17	,	,	PUNCT
fbem-18291	375	18	does	do	AUX
fbem-18291	375	19	not	not	PART
fbem-18291	375	20	fully	fully	ADV
fbem-18291	375	21	represent	represent	VERB
fbem-18291	375	22	the	the	DET
fbem-18291	375	23	liquidity	liquidity	NOUN
fbem-18291	375	24	level	level	NOUN
fbem-18291	375	25	of	of	ADP
fbem-18291	375	26	commercial	commercial	ADJ
fbem-18291	375	27	banks	bank	NOUN
fbem-18291	375	28	.	.	PUNCT
fbem-18291	376	1	considering	consider	VERB
fbem-18291	376	2	the	the	DET
fbem-18291	376	3	publicly	publicly	ADV
fbem-18291	376	4	disclosed	disclose	VERB
fbem-18291	376	5	data	datum	NOUN
fbem-18291	376	6	,	,	PUNCT
fbem-18291	376	7	as	as	ADV
fbem-18291	376	8	well	well	ADV
fbem-18291	376	9	as	as	ADP
fbem-18291	376	10	data	data	NOUN
fbem-18291	376	11	availability	availability	NOUN
fbem-18291	376	12	,	,	PUNCT
fbem-18291	376	13	the	the	DET
fbem-18291	376	14	article	article	NOUN
fbem-18291	376	15	selects	select	VERB
fbem-18291	376	16	the	the	DET
fbem-18291	376	17	loan	loan	NOUN
fbem-18291	376	18	-	-	PUNCT
fbem-18291	376	19	to	to	ADP
fbem-18291	376	20	-	-	PUNCT
fbem-18291	376	21	deposit	deposit	NOUN
fbem-18291	376	22	ratio	ratio	NOUN
fbem-18291	376	23	(	(	PUNCT
fbem-18291	376	24	ldr	ldr	PROPN
fbem-18291	376	25	)	)	PUNCT
fbem-18291	376	26	as	as	ADP
fbem-18291	376	27	a	a	DET
fbem-18291	376	28	proxy	proxy	NOUN
fbem-18291	376	29	variable	variable	NOUN
fbem-18291	376	30	for	for	ADP
fbem-18291	376	31	the	the	DET
fbem-18291	376	32	liquidity	liquidity	NOUN
fbem-18291	376	33	ratio	ratio	NOUN
fbem-18291	376	34	(	(	PUNCT
fbem-18291	376	35	lr	lr	NOUN
fbem-18291	376	36	)	)	PUNCT
fbem-18291	376	37	,	,	PUNCT
fbem-18291	376	38	thus	thus	ADV
fbem-18291	376	39	eliminating	eliminate	VERB
fbem-18291	376	40	the	the	DET
fbem-18291	376	41	one	one	NUM
fbem-18291	376	42	-	-	PUNCT
fbem-18291	376	43	sidedness	sidedness	NOUN
fbem-18291	376	44	of	of	ADP
fbem-18291	376	45	a	a	DET
fbem-18291	376	46	single	single	ADJ
fbem-18291	376	47	indicator	indicator	NOUN
fbem-18291	376	48	.	.	PUNCT
fbem-18291	377	1	a	a	DET
fbem-18291	377	2	bank	bank	NOUN
fbem-18291	377	3	’s	’s	PART
fbem-18291	377	4	loan	loan	NOUN
fbem-18291	377	5	-	-	PUNCT
fbem-18291	377	6	to	to	ADP
fbem-18291	377	7	-	-	PUNCT
fbem-18291	377	8	deposit	deposit	NOUN
fbem-18291	377	9	ratio	ratio	NOUN
fbem-18291	377	10	can	can	AUX
fbem-18291	377	11	provide	provide	VERB
fbem-18291	377	12	some	some	DET
fbem-18291	377	13	information	information	NOUN
fbem-18291	377	14	about	about	ADP
fbem-18291	377	15	the	the	DET
fbem-18291	377	16	relationship	relationship	NOUN
fbem-18291	377	17	between	between	ADP
fbem-18291	377	18	a	a	DET
fbem-18291	377	19	bank	bank	NOUN
fbem-18291	377	20	’s	’s	PART
fbem-18291	377	21	loans	loan	NOUN
fbem-18291	377	22	and	and	CCONJ
fbem-18291	377	23	deposits	deposit	NOUN
fbem-18291	377	24	,	,	PUNCT
fbem-18291	377	25	and	and	CCONJ
fbem-18291	377	26	to	to	ADP
fbem-18291	377	27	a	a	DET
fbem-18291	377	28	certain	certain	ADJ
fbem-18291	377	29	extent	extent	NOUN
fbem-18291	377	30	,	,	PUNCT
fbem-18291	377	31	it	it	PRON
fbem-18291	377	32	can	can	AUX
fbem-18291	377	33	reflect	reflect	VERB
fbem-18291	377	34	a	a	DET
fbem-18291	377	35	bank	bank	NOUN
fbem-18291	377	36	’s	’s	PART
fbem-18291	377	37	liquidity	liquidity	NOUN
fbem-18291	377	38	position	position	NOUN
fbem-18291	377	39	,	,	PUNCT
fbem-18291	377	40	thus	thus	ADV
fbem-18291	377	41	indirectly	indirectly	ADV
fbem-18291	377	42	reflecting	reflect	VERB
fbem-18291	377	43	the	the	DET
fbem-18291	377	44	liquidity	liquidity	NOUN
fbem-18291	377	45	risk	risk	NOUN
fbem-18291	377	46	that	that	SCONJ
fbem-18291	377	47	a	a	DET
fbem-18291	377	48	bank	bank	NOUN
fbem-18291	377	49	may	may	AUX
fbem-18291	377	50	face	face	VERB
fbem-18291	377	51	.	.	PUNCT
fbem-18291	378	1	when	when	SCONJ
fbem-18291	378	2	the	the	DET
fbem-18291	378	3	loan	loan	NOUN
fbem-18291	378	4	-	-	PUNCT
fbem-18291	378	5	to	to	ADP
fbem-18291	378	6	-	-	PUNCT
fbem-18291	378	7	deposit	deposit	NOUN
fbem-18291	378	8	ratio	ratio	NOUN
fbem-18291	378	9	is	be	AUX
fbem-18291	378	10	low	low	ADJ
fbem-18291	378	11	,	,	PUNCT
fbem-18291	378	12	namely	namely	ADV
fbem-18291	378	13	,	,	PUNCT
fbem-18291	378	14	when	when	SCONJ
fbem-18291	378	15	total	total	ADJ
fbem-18291	378	16	loans	loan	NOUN
fbem-18291	378	17	are	be	AUX
fbem-18291	378	18	higher	high	ADJ
fbem-18291	378	19	than	than	ADP
fbem-18291	378	20	total	total	ADJ
fbem-18291	378	21	deposits	deposit	NOUN
fbem-18291	378	22	,	,	PUNCT
fbem-18291	378	23	it	it	PRON
fbem-18291	378	24	usually	usually	ADV
fbem-18291	378	25	means	mean	VERB
fbem-18291	378	26	that	that	SCONJ
fbem-18291	378	27	the	the	DET
fbem-18291	378	28	bank	bank	NOUN
fbem-18291	378	29	has	have	VERB
fbem-18291	378	30	more	more	ADJ
fbem-18291	378	31	liquid	liquid	ADJ
fbem-18291	378	32	funds	fund	NOUN
fbem-18291	378	33	.	.	PUNCT
fbem-18291	379	1	this	this	PRON
fbem-18291	379	2	may	may	AUX
fbem-18291	379	3	make	make	VERB
fbem-18291	379	4	banks	bank	NOUN
fbem-18291	379	5	more	more	ADV
fbem-18291	379	6	able	able	ADJ
fbem-18291	379	7	to	to	PART
fbem-18291	379	8	meet	meet	VERB
fbem-18291	379	9	the	the	DET
fbem-18291	379	10	withdrawal	withdrawal	NOUN
fbem-18291	379	11	needs	need	NOUN
fbem-18291	379	12	of	of	ADP
fbem-18291	379	13	their	their	PRON
fbem-18291	379	14	customers	customer	NOUN
fbem-18291	379	15	and	and	CCONJ
fbem-18291	379	16	thus	thus	ADV
fbem-18291	379	17	more	more	ADV
fbem-18291	379	18	favourably	favourably	ADV
fbem-18291	379	19	placed	place	VERB
fbem-18291	379	20	in	in	ADP
fbem-18291	379	21	times	time	NOUN
fbem-18291	379	22	of	of	ADP
fbem-18291	379	23	liquidity	liquidity	NOUN
fbem-18291	379	24	stress	stress	NOUN
fbem-18291	379	25	.	.	PUNCT
fbem-18291	380	1	lower	low	ADJ
fbem-18291	380	2	loan	loan	NOUN
fbem-18291	380	3	-	-	PUNCT
fbem-18291	380	4	to	to	ADP
fbem-18291	380	5	-	-	PUNCT
fbem-18291	380	6	deposit	deposit	NOUN
fbem-18291	380	7	ratios	ratio	NOUN
fbem-18291	380	8	may	may	AUX
fbem-18291	380	9	indicate	indicate	VERB
fbem-18291	380	10	296	296	NUM
fbem-18291	380	11	that	that	SCONJ
fbem-18291	380	12	banks	bank	NOUN
fbem-18291	380	13	are	be	AUX
fbem-18291	380	14	more	more	ADV
fbem-18291	380	15	conservative	conservative	ADJ
fbem-18291	380	16	and	and	CCONJ
fbem-18291	380	17	focused	focus	VERB
fbem-18291	380	18	on	on	ADP
fbem-18291	380	19	maintaining	maintain	VERB
fbem-18291	380	20	adequate	adequate	ADJ
fbem-18291	380	21	liquidity	liquidity	NOUN
fbem-18291	380	22	.	.	PUNCT
fbem-18291	381	1	the	the	DET
fbem-18291	381	2	results	result	NOUN
fbem-18291	381	3	after	after	ADP
fbem-18291	381	4	replacing	replace	VERB
fbem-18291	381	5	the	the	DET
fbem-18291	381	6	indicators	indicator	NOUN
fbem-18291	381	7	are	be	AUX
fbem-18291	381	8	depicted	depict	VERB
fbem-18291	381	9	in	in	ADP
fbem-18291	381	10	table	table	NOUN
fbem-18291	381	11	5	5	NUM
fbem-18291	381	12	-	-	SYM
fbem-18291	381	13	9	9	NUM
fbem-18291	381	14	,	,	PUNCT
fbem-18291	381	15	where	where	SCONJ
fbem-18291	381	16	(	(	PUNCT
fbem-18291	381	17	1	1	X
fbem-18291	381	18	)	)	PUNCT
fbem-18291	381	19	is	be	AUX
fbem-18291	381	20	the	the	DET
fbem-18291	381	21	original	original	ADJ
fbem-18291	381	22	regression	regression	NOUN
fbem-18291	381	23	result	result	NOUN
fbem-18291	381	24	and	and	CCONJ
fbem-18291	381	25	(	(	PUNCT
fbem-18291	381	26	2	2	X
fbem-18291	381	27	)	)	PUNCT
fbem-18291	381	28	is	be	AUX
fbem-18291	381	29	the	the	DET
fbem-18291	381	30	regression	regression	NOUN
fbem-18291	381	31	result	result	NOUN
fbem-18291	381	32	after	after	ADP
fbem-18291	381	33	replacement	replacement	NOUN
fbem-18291	381	34	.	.	PUNCT
fbem-18291	382	1	table	table	NOUN
fbem-18291	382	2	5	5	NUM
fbem-18291	382	3	-	-	SYM
fbem-18291	382	4	9	9	NUM
fbem-18291	382	5	.	.	PUNCT
fbem-18291	383	1	regression	regression	NOUN
fbem-18291	383	2	results	result	NOUN
fbem-18291	383	3	after	after	ADP
fbem-18291	383	4	changing	change	VERB
fbem-18291	383	5	the	the	DET
fbem-18291	383	6	explained	explain	VERB
fbem-18291	383	7	variables	variable	NOUN
fbem-18291	383	8	(	(	PUNCT
fbem-18291	383	9	1	1	NUM
fbem-18291	383	10	)	)	PUNCT
fbem-18291	383	11	(	(	PUNCT
fbem-18291	383	12	2	2	X
fbem-18291	383	13	)	)	PUNCT
fbem-18291	383	14	lr	lr	X
fbem-18291	383	15	ldr	ldr	PROPN
fbem-18291	383	16	fi	fi	NOUN
fbem-18291	383	17	0.133	0.133	NOUN
fbem-18291	383	18	*	*	PUNCT
fbem-18291	383	19	*	*	PUNCT
fbem-18291	383	20	*	*	PUNCT
fbem-18291	384	1	0.174	0.174	NUM
fbem-18291	384	2	*	*	PUNCT
fbem-18291	384	3	*	*	PUNCT
fbem-18291	384	4	*	*	PUNCT
fbem-18291	384	5	(	(	PUNCT
fbem-18291	384	6	4.068	4.068	NUM
fbem-18291	384	7	)	)	PUNCT
fbem-18291	384	8	(	(	PUNCT
fbem-18291	384	9	6.848	6.848	NUM
fbem-18291	384	10	)	)	PUNCT
fbem-18291	384	11	m2	m2	PROPN
fbem-18291	384	12	0.849	0.849	NUM
fbem-18291	384	13	*	*	SYM
fbem-18291	384	14	0.127	0.127	NUM
fbem-18291	384	15	(	(	PUNCT
fbem-18291	384	16	1.901	1.901	NUM
fbem-18291	384	17	)	)	PUNCT
fbem-18291	384	18	(	(	PUNCT
fbem-18291	384	19	0.366	0.366	NUM
fbem-18291	384	20	)	)	PUNCT
fbem-18291	384	21	gdp	gdp	NOUN
fbem-18291	384	22	0.206	0.206	NUM
fbem-18291	384	23	0.275	0.275	NUM
fbem-18291	384	24	(	(	PUNCT
fbem-18291	384	25	0.492	0.492	NUM
fbem-18291	384	26	)	)	PUNCT
fbem-18291	384	27	(	(	PUNCT
fbem-18291	384	28	0.847	0.847	NUM
fbem-18291	384	29	)	)	PUNCT
fbem-18291	384	30	lnsize	lnsize	VERB
fbem-18291	384	31	3.842	3.842	NUM
fbem-18291	384	32	-8.440	-8.440	X
fbem-18291	384	33	*	*	PUNCT
fbem-18291	384	34	(	(	PUNCT
fbem-18291	384	35	0.654	0.654	NUM
fbem-18291	384	36	)	)	PUNCT
fbem-18291	384	37	(	(	PUNCT
fbem-18291	384	38	-1.849	-1.849	X
fbem-18291	384	39	)	)	PUNCT
fbem-18291	384	40	car	car	NOUN
fbem-18291	384	41	-2.483	-2.483	NOUN
fbem-18291	384	42	*	*	PUNCT
fbem-18291	384	43	*	*	PUNCT
fbem-18291	384	44	*	*	PUNCT
fbem-18291	384	45	-1.133	-1.133	NOUN
fbem-18291	384	46	*	*	PUNCT
fbem-18291	384	47	(	(	PUNCT
fbem-18291	384	48	-3.136	-3.136	NOUN
fbem-18291	384	49	)	)	PUNCT
fbem-18291	384	50	(	(	PUNCT
fbem-18291	384	51	-1.842	-1.842	NOUN
fbem-18291	384	52	)	)	PUNCT
fbem-18291	384	53	cir	cir	NOUN
fbem-18291	384	54	-0.029	-0.029	NOUN
fbem-18291	384	55	-0.049	-0.049	PUNCT
fbem-18291	384	56	(	(	PUNCT
fbem-18291	384	57	-0.107	-0.107	X
fbem-18291	384	58	)	)	PUNCT
fbem-18291	384	59	(	(	PUNCT
fbem-18291	384	60	-0.230	-0.230	X
fbem-18291	384	61	)	)	PUNCT
fbem-18291	384	62	npl	npl	NOUN
fbem-18291	384	63	3.600	3.600	NUM
fbem-18291	384	64	2.385	2.385	NUM
fbem-18291	384	65	(	(	PUNCT
fbem-18291	384	66	1.439	1.439	NUM
fbem-18291	384	67	)	)	PUNCT
fbem-18291	384	68	(	(	PUNCT
fbem-18291	384	69	1.227	1.227	NUM
fbem-18291	384	70	)	)	PUNCT
fbem-18291	385	1	_	_	NOUN
fbem-18291	385	2	cons	con	NOUN
fbem-18291	385	3	-40.836	-40.836	PUNCT
fbem-18291	385	4	208.970	208.970	NUM
fbem-18291	385	5	*	*	SYM
fbem-18291	385	6	*	*	PUNCT
fbem-18291	385	7	(	(	PUNCT
fbem-18291	385	8	-0.368	-0.368	PROPN
fbem-18291	385	9	)	)	PUNCT
fbem-18291	385	10	(	(	PUNCT
fbem-18291	385	11	2.421	2.421	NUM
fbem-18291	385	12	)	)	PUNCT
fbem-18291	385	13	n	n	ADV
fbem-18291	385	14	180	180	NUM
fbem-18291	385	15	180	180	NUM
fbem-18291	385	16	as	as	SCONJ
fbem-18291	385	17	presented	present	VERB
fbem-18291	385	18	in	in	ADP
fbem-18291	385	19	table	table	NOUN
fbem-18291	385	20	5	5	NUM
fbem-18291	385	21	-	-	SYM
fbem-18291	385	22	9	9	NUM
fbem-18291	385	23	,	,	PUNCT
fbem-18291	385	24	the	the	DET
fbem-18291	385	25	coefficient	coefficient	NOUN
fbem-18291	385	26	of	of	ADP
fbem-18291	385	27	the	the	DET
fbem-18291	385	28	impact	impact	NOUN
fbem-18291	385	29	of	of	ADP
fbem-18291	385	30	fintech	fintech	NOUN
fbem-18291	385	31	on	on	ADP
fbem-18291	385	32	commercial	commercial	ADJ
fbem-18291	385	33	bank	bank	NOUN
fbem-18291	385	34	liquidity	liquidity	NOUN
fbem-18291	385	35	changes	change	NOUN
fbem-18291	385	36	from	from	ADP
fbem-18291	385	37	0.133	0.133	NUM
fbem-18291	385	38	to	to	ADP
fbem-18291	385	39	0.174	0.174	NUM
fbem-18291	385	40	,	,	PUNCT
fbem-18291	385	41	both	both	PRON
fbem-18291	385	42	of	of	ADP
fbem-18291	385	43	which	which	PRON
fbem-18291	385	44	are	be	AUX
fbem-18291	385	45	significant	significant	ADJ
fbem-18291	385	46	within	within	ADP
fbem-18291	385	47	the	the	DET
fbem-18291	385	48	1	1	NUM
fbem-18291	385	49	percent	percent	NOUN
fbem-18291	385	50	confidence	confidence	NOUN
fbem-18291	385	51	interval	interval	NOUN
fbem-18291	385	52	.	.	PUNCT
fbem-18291	386	1	this	this	PRON
fbem-18291	386	2	indicates	indicate	VERB
fbem-18291	386	3	that	that	SCONJ
fbem-18291	386	4	fintech	fintech	NOUN
fbem-18291	386	5	indicators	indicator	NOUN
fbem-18291	386	6	still	still	ADV
fbem-18291	386	7	have	have	VERB
fbem-18291	386	8	a	a	DET
fbem-18291	386	9	significant	significant	ADJ
fbem-18291	386	10	impact	impact	NOUN
fbem-18291	386	11	on	on	ADP
fbem-18291	386	12	commercial	commercial	ADJ
fbem-18291	386	13	bank	bank	PROPN
fbem-18291	386	14	liquidity	liquidity	NOUN
fbem-18291	386	15	creation	creation	NOUN
fbem-18291	386	16	and	and	CCONJ
fbem-18291	386	17	bank	bank	NOUN
fbem-18291	386	18	competition	competition	NOUN
fbem-18291	386	19	and	and	CCONJ
fbem-18291	386	20	are	be	AUX
fbem-18291	386	21	in	in	ADP
fbem-18291	386	22	the	the	DET
fbem-18291	386	23	same	same	ADJ
fbem-18291	386	24	direction	direction	NOUN
fbem-18291	386	25	as	as	ADP
fbem-18291	386	26	the	the	DET
fbem-18291	386	27	benchmark	benchmark	NOUN
fbem-18291	386	28	regression	regression	NOUN
fbem-18291	386	29	results	result	NOUN
fbem-18291	386	30	.	.	PUNCT
fbem-18291	387	1	therefore	therefore	ADV
fbem-18291	387	2	,	,	PUNCT
fbem-18291	387	3	the	the	DET
fbem-18291	387	4	estimation	estimation	NOUN
fbem-18291	387	5	of	of	ADP
fbem-18291	387	6	the	the	DET
fbem-18291	387	7	aforementioned	aforementioned	ADJ
fbem-18291	387	8	model	model	NOUN
fbem-18291	387	9	is	be	AUX
fbem-18291	387	10	robust	robust	ADJ
fbem-18291	387	11	.	.	PUNCT
fbem-18291	388	1	6	6	X
fbem-18291	388	2	.	.	X
fbem-18291	388	3	conclusion	conclusion	NOUN
fbem-18291	388	4	since	since	SCONJ
fbem-18291	388	5	fintech	fintech	NOUN
fbem-18291	388	6	came	come	VERB
fbem-18291	388	7	into	into	ADP
fbem-18291	388	8	the	the	DET
fbem-18291	388	9	limelight	limelight	NOUN
fbem-18291	388	10	in	in	ADP
fbem-18291	388	11	the	the	DET
fbem-18291	388	12	last	last	ADJ
fbem-18291	388	13	century	century	NOUN
fbem-18291	388	14	,	,	PUNCT
fbem-18291	388	15	it	it	PRON
fbem-18291	388	16	has	have	AUX
fbem-18291	388	17	begun	begin	VERB
fbem-18291	388	18	to	to	PART
fbem-18291	388	19	develop	develop	VERB
fbem-18291	388	20	rapidly	rapidly	ADV
fbem-18291	388	21	with	with	ADP
fbem-18291	388	22	the	the	DET
fbem-18291	388	23	innovation	innovation	NOUN
fbem-18291	388	24	of	of	ADP
fbem-18291	388	25	information	information	NOUN
fbem-18291	388	26	technology	technology	NOUN
fbem-18291	388	27	and	and	CCONJ
fbem-18291	388	28	led	lead	VERB
fbem-18291	388	29	the	the	DET
fbem-18291	388	30	change	change	NOUN
fbem-18291	388	31	of	of	ADP
fbem-18291	388	32	traditional	traditional	ADJ
fbem-18291	388	33	banks	bank	NOUN
fbem-18291	388	34	.	.	PUNCT
fbem-18291	389	1	facing	face	VERB
fbem-18291	389	2	the	the	DET
fbem-18291	389	3	new	new	ADJ
fbem-18291	389	4	round	round	NOUN
fbem-18291	389	5	of	of	ADP
fbem-18291	389	6	technological	technological	ADJ
fbem-18291	389	7	innovation	innovation	NOUN
fbem-18291	389	8	,	,	PUNCT
fbem-18291	389	9	chinese	chinese	ADJ
fbem-18291	389	10	commercial	commercial	ADJ
fbem-18291	389	11	banks	bank	NOUN
fbem-18291	389	12	are	be	AUX
fbem-18291	389	13	actively	actively	ADV
fbem-18291	389	14	exploring	explore	VERB
fbem-18291	389	15	and	and	CCONJ
fbem-18291	389	16	creating	create	VERB
fbem-18291	389	17	new	new	ADJ
fbem-18291	389	18	financial	financial	ADJ
fbem-18291	389	19	products	product	NOUN
fbem-18291	389	20	and	and	CCONJ
fbem-18291	389	21	business	business	NOUN
fbem-18291	389	22	modules	module	NOUN
fbem-18291	389	23	to	to	PART
fbem-18291	389	24	enhance	enhance	VERB
fbem-18291	389	25	their	their	PRON
fbem-18291	389	26	competitiveness	competitiveness	NOUN
fbem-18291	389	27	with	with	ADP
fbem-18291	389	28	the	the	DET
fbem-18291	389	29	help	help	NOUN
fbem-18291	389	30	of	of	ADP
fbem-18291	389	31	fintech	fintech	NOUN
fbem-18291	389	32	.	.	PUNCT
fbem-18291	390	1	however	however	ADV
fbem-18291	390	2	,	,	PUNCT
fbem-18291	390	3	whilst	whilst	SCONJ
fbem-18291	390	4	fintech	fintech	NOUN
fbem-18291	390	5	injects	inject	VERB
fbem-18291	390	6	new	new	ADJ
fbem-18291	390	7	vigour	vigour	NOUN
fbem-18291	390	8	into	into	ADP
fbem-18291	390	9	commercial	commercial	ADJ
fbem-18291	390	10	banks	bank	NOUN
fbem-18291	390	11	,	,	PUNCT
fbem-18291	390	12	one	one	PRON
fbem-18291	390	13	should	should	AUX
fbem-18291	390	14	also	also	ADV
fbem-18291	390	15	be	be	AUX
fbem-18291	390	16	alert	alert	ADJ
fbem-18291	390	17	to	to	ADP
fbem-18291	390	18	the	the	DET
fbem-18291	390	19	risks	risk	NOUN
fbem-18291	390	20	it	it	PRON
fbem-18291	390	21	brings	bring	VERB
fbem-18291	390	22	to	to	ADP
fbem-18291	390	23	commercial	commercial	ADJ
fbem-18291	390	24	banks	bank	NOUN
fbem-18291	390	25	’	'	PUNCT
fbem-18291	390	26	liquidity	liquidity	NOUN
fbem-18291	390	27	.	.	PUNCT
fbem-18291	391	1	in	in	ADP
fbem-18291	391	2	order	order	NOUN
fbem-18291	391	3	to	to	PART
fbem-18291	391	4	prevent	prevent	VERB
fbem-18291	391	5	the	the	DET
fbem-18291	391	6	liquidity	liquidity	NOUN
fbem-18291	391	7	risk	risk	NOUN
fbem-18291	391	8	of	of	ADP
fbem-18291	391	9	commercial	commercial	ADJ
fbem-18291	391	10	banks	bank	NOUN
fbem-18291	391	11	,	,	PUNCT
fbem-18291	391	12	using	use	VERB
fbem-18291	391	13	the	the	DET
fbem-18291	391	14	current	current	ADJ
fbem-18291	391	15	trend	trend	NOUN
fbem-18291	391	16	of	of	ADP
fbem-18291	391	17	fintech	fintech	NOUN
fbem-18291	391	18	as	as	ADP
fbem-18291	391	19	a	a	DET
fbem-18291	391	20	point	point	NOUN
fbem-18291	391	21	of	of	ADP
fbem-18291	391	22	departure	departure	NOUN
fbem-18291	391	23	,	,	PUNCT
fbem-18291	391	24	this	this	DET
fbem-18291	391	25	paper	paper	NOUN
fbem-18291	391	26	discussed	discuss	VERB
fbem-18291	391	27	the	the	DET
fbem-18291	391	28	relationship	relationship	NOUN
fbem-18291	391	29	between	between	ADP
fbem-18291	391	30	fintech	fintech	NOUN
fbem-18291	391	31	development	development	NOUN
fbem-18291	391	32	and	and	CCONJ
fbem-18291	391	33	liquidity	liquidity	NOUN
fbem-18291	391	34	of	of	ADP
fbem-18291	391	35	chinese	chinese	ADJ
fbem-18291	391	36	commercial	commercial	ADJ
fbem-18291	391	37	banks	bank	NOUN
fbem-18291	391	38	.	.	PUNCT
fbem-18291	392	1	based	base	VERB
fbem-18291	392	2	on	on	ADP
fbem-18291	392	3	the	the	DET
fbem-18291	392	4	aforementioned	aforementioned	ADJ
fbem-18291	392	5	background	background	NOUN
fbem-18291	392	6	and	and	CCONJ
fbem-18291	392	7	research	research	NOUN
fbem-18291	392	8	content	content	NOUN
fbem-18291	392	9	,	,	PUNCT
fbem-18291	392	10	this	this	DET
fbem-18291	392	11	paper	paper	NOUN
fbem-18291	392	12	selected	select	VERB
fbem-18291	392	13	the	the	DET
fbem-18291	392	14	data	datum	NOUN
fbem-18291	392	15	of	of	ADP
fbem-18291	392	16	the	the	DET
fbem-18291	392	17	18	18	NUM
fbem-18291	392	18	most	most	ADV
fbem-18291	392	19	matched	match	VERB
fbem-18291	392	20	listed	list	VERB
fbem-18291	392	21	bank	bank	NOUN
fbem-18291	392	22	companies	company	NOUN
fbem-18291	392	23	in	in	ADP
fbem-18291	392	24	china	china	PROPN
fbem-18291	392	25	from	from	ADP
fbem-18291	392	26	2013	2013	NUM
fbem-18291	392	27	to	to	ADP
fbem-18291	392	28	2022	2022	NUM
fbem-18291	392	29	as	as	ADP
fbem-18291	392	30	the	the	DET
fbem-18291	392	31	basis	basis	NOUN
fbem-18291	392	32	to	to	PART
fbem-18291	392	33	study	study	VERB
fbem-18291	392	34	the	the	DET
fbem-18291	392	35	liquidity	liquidity	NOUN
fbem-18291	392	36	of	of	ADP
fbem-18291	392	37	commercial	commercial	ADJ
fbem-18291	392	38	banks	bank	NOUN
fbem-18291	392	39	.	.	PUNCT
fbem-18291	393	1	through	through	ADP
fbem-18291	393	2	empirical	empirical	ADJ
fbem-18291	393	3	analysis	analysis	NOUN
fbem-18291	393	4	of	of	ADP
fbem-18291	393	5	the	the	DET
fbem-18291	393	6	collected	collect	VERB
fbem-18291	393	7	data	datum	NOUN
fbem-18291	393	8	,	,	PUNCT
fbem-18291	393	9	the	the	DET
fbem-18291	393	10	following	follow	VERB
fbem-18291	393	11	conclusions	conclusion	NOUN
fbem-18291	393	12	were	be	AUX
fbem-18291	393	13	drawn	draw	VERB
fbem-18291	393	14	:	:	PUNCT
fbem-18291	393	15	(	(	PUNCT
fbem-18291	393	16	1	1	X
fbem-18291	393	17	)	)	PUNCT
fbem-18291	393	18	in	in	ADP
fbem-18291	393	19	china	china	PROPN
fbem-18291	393	20	,	,	PUNCT
fbem-18291	393	21	the	the	DET
fbem-18291	393	22	support	support	NOUN
fbem-18291	393	23	of	of	ADP
fbem-18291	393	24	national	national	PROPN
fbem-18291	393	25	macro	macro	NOUN
fbem-18291	393	26	-	-	NOUN
fbem-18291	393	27	policies	policy	NOUN
fbem-18291	393	28	has	have	AUX
fbem-18291	393	29	led	lead	VERB
fbem-18291	393	30	to	to	ADP
fbem-18291	393	31	the	the	DET
fbem-18291	393	32	integration	integration	NOUN
fbem-18291	393	33	of	of	ADP
fbem-18291	393	34	fintech	fintech	NOUN
fbem-18291	393	35	with	with	ADP
fbem-18291	393	36	commercial	commercial	ADJ
fbem-18291	393	37	banks	bank	NOUN
fbem-18291	393	38	,	,	PUNCT
fbem-18291	393	39	creating	create	VERB
fbem-18291	393	40	a	a	DET
fbem-18291	393	41	positive	positive	ADJ
fbem-18291	393	42	guiding	guiding	NOUN
fbem-18291	393	43	relationship	relationship	NOUN
fbem-18291	393	44	on	on	ADP
fbem-18291	393	45	the	the	DET
fbem-18291	393	46	liquidity	liquidity	NOUN
fbem-18291	393	47	of	of	ADP
fbem-18291	393	48	chinese	chinese	ADJ
fbem-18291	393	49	commercial	commercial	ADJ
fbem-18291	393	50	banks	bank	NOUN
fbem-18291	393	51	.	.	PUNCT
fbem-18291	394	1	(	(	PUNCT
fbem-18291	394	2	2	2	X
fbem-18291	394	3	)	)	PUNCT
fbem-18291	394	4	in	in	ADP
fbem-18291	394	5	china	china	PROPN
fbem-18291	394	6	,	,	PUNCT
fbem-18291	394	7	non	non	ADJ
fbem-18291	394	8	-	-	ADJ
fbem-18291	394	9	interest	interest	ADJ
fbem-18291	394	10	income	income	NOUN
fbem-18291	394	11	will	will	AUX
fbem-18291	394	12	serve	serve	VERB
fbem-18291	394	13	as	as	ADP
fbem-18291	394	14	one	one	NUM
fbem-18291	394	15	of	of	ADP
fbem-18291	394	16	the	the	DET
fbem-18291	394	17	ways	way	NOUN
fbem-18291	394	18	for	for	SCONJ
fbem-18291	394	19	fintech	fintech	NOUN
fbem-18291	394	20	to	to	PART
fbem-18291	394	21	influence	influence	VERB
fbem-18291	394	22	commercial	commercial	ADJ
fbem-18291	394	23	bank	bank	NOUN
fbem-18291	394	24	liquidity	liquidity	NOUN
fbem-18291	394	25	.	.	PUNCT
fbem-18291	395	1	nim	nim	PROPN
fbem-18291	395	2	,	,	PUNCT
fbem-18291	395	3	in	in	ADP
fbem-18291	395	4	contrast	contrast	NOUN
fbem-18291	395	5	,	,	PUNCT
fbem-18291	395	6	can	can	AUX
fbem-18291	395	7	not	not	PART
fbem-18291	395	8	perfectly	perfectly	ADV
fbem-18291	395	9	act	act	VERB
fbem-18291	395	10	as	as	ADP
fbem-18291	395	11	a	a	DET
fbem-18291	395	12	pathway	pathway	NOUN
fbem-18291	395	13	of	of	ADP
fbem-18291	395	14	influence	influence	NOUN
fbem-18291	395	15	.	.	PUNCT
fbem-18291	396	1	(	(	PUNCT
fbem-18291	396	2	3	3	X
fbem-18291	396	3	)	)	PUNCT
fbem-18291	396	4	in	in	ADP
fbem-18291	396	5	china	china	PROPN
fbem-18291	396	6	,	,	PUNCT
fbem-18291	396	7	the	the	DET
fbem-18291	396	8	technological	technological	ADJ
fbem-18291	396	9	advantages	advantage	NOUN
fbem-18291	396	10	of	of	ADP
fbem-18291	396	11	fintech	fintech	NOUN
fbem-18291	396	12	have	have	AUX
fbem-18291	396	13	not	not	PART
fbem-18291	396	14	yet	yet	ADV
fbem-18291	396	15	been	be	AUX
fbem-18291	396	16	fully	fully	ADV
fbem-18291	396	17	manifested	manifest	VERB
fbem-18291	396	18	in	in	ADP
fbem-18291	396	19	state	state	NOUN
fbem-18291	396	20	-	-	PUNCT
fbem-18291	396	21	owned	own	VERB
fbem-18291	396	22	banks	bank	NOUN
fbem-18291	396	23	,	,	PUNCT
fbem-18291	396	24	but	but	CCONJ
fbem-18291	396	25	jointstock	jointstock	NOUN
fbem-18291	396	26	banks	bank	NOUN
fbem-18291	396	27	and	and	CCONJ
fbem-18291	396	28	urban	urban	ADJ
fbem-18291	396	29	commercial	commercial	ADJ
fbem-18291	396	30	banks	bank	NOUN
fbem-18291	396	31	have	have	AUX
fbem-18291	396	32	already	already	ADV
fbem-18291	396	33	tended	tend	VERB
fbem-18291	396	34	to	to	PART
fbem-18291	396	35	use	use	VERB
fbem-18291	396	36	fintech	fintech	NOUN
fbem-18291	396	37	to	to	PART
fbem-18291	396	38	improve	improve	VERB
fbem-18291	396	39	their	their	PRON
fbem-18291	396	40	comprehensive	comprehensive	ADJ
fbem-18291	396	41	strength	strength	NOUN
fbem-18291	396	42	.	.	PUNCT
fbem-18291	397	1	however	however	ADV
fbem-18291	397	2	,	,	PUNCT
fbem-18291	397	3	the	the	DET
fbem-18291	397	4	use	use	NOUN
fbem-18291	397	5	of	of	ADP
fbem-18291	397	6	fintech	fintech	NOUN
fbem-18291	397	7	in	in	ADP
fbem-18291	397	8	the	the	DET
fbem-18291	397	9	southern	southern	ADJ
fbem-18291	397	10	region	region	NOUN
fbem-18291	397	11	is	be	AUX
fbem-18291	397	12	better	well	ADJ
fbem-18291	397	13	than	than	ADP
fbem-18291	397	14	that	that	PRON
fbem-18291	397	15	in	in	ADP
fbem-18291	397	16	the	the	DET
fbem-18291	397	17	northern	northern	ADJ
fbem-18291	397	18	region	region	NOUN
fbem-18291	397	19	,	,	PUNCT
fbem-18291	397	20	whilst	whilst	SCONJ
fbem-18291	397	21	the	the	DET
fbem-18291	397	22	technological	technological	ADJ
fbem-18291	397	23	dividend	dividend	NOUN
fbem-18291	397	24	is	be	AUX
fbem-18291	397	25	also	also	ADV
fbem-18291	397	26	more	more	ADV
fbem-18291	397	27	inclined	inclined	ADJ
fbem-18291	397	28	to	to	ADP
fbem-18291	397	29	the	the	DET
fbem-18291	397	30	south	south	NOUN
fbem-18291	397	31	.	.	PUNCT
fbem-18291	398	1	in	in	ADP
fbem-18291	398	2	summary	summary	NOUN
fbem-18291	398	3	,	,	PUNCT
fbem-18291	398	4	under	under	ADP
fbem-18291	398	5	the	the	DET
fbem-18291	398	6	strong	strong	ADJ
fbem-18291	398	7	competitive	competitive	ADJ
fbem-18291	398	8	pressure	pressure	NOUN
fbem-18291	398	9	of	of	ADP
fbem-18291	398	10	fintech	fintech	NOUN
fbem-18291	398	11	,	,	PUNCT
fbem-18291	398	12	chinese	chinese	ADJ
fbem-18291	398	13	commercial	commercial	ADJ
fbem-18291	398	14	banks	bank	NOUN
fbem-18291	398	15	,	,	PUNCT
fbem-18291	398	16	with	with	ADP
fbem-18291	398	17	the	the	DET
fbem-18291	398	18	help	help	NOUN
fbem-18291	398	19	of	of	ADP
fbem-18291	398	20	policy	policy	NOUN
fbem-18291	398	21	support	support	NOUN
fbem-18291	398	22	and	and	CCONJ
fbem-18291	398	23	their	their	PRON
fbem-18291	398	24	own	own	ADJ
fbem-18291	398	25	advantages	advantage	NOUN
fbem-18291	398	26	,	,	PUNCT
fbem-18291	398	27	have	have	VERB
fbem-18291	398	28	combined	combine	VERB
fbem-18291	398	29	fintech	fintech	NOUN
fbem-18291	398	30	for	for	ADP
fbem-18291	398	31	innovation	innovation	NOUN
fbem-18291	398	32	and	and	CCONJ
fbem-18291	398	33	development	development	NOUN
fbem-18291	398	34	,	,	PUNCT
fbem-18291	398	35	which	which	PRON
fbem-18291	398	36	has	have	AUX
fbem-18291	398	37	greatly	greatly	ADV
fbem-18291	398	38	improved	improve	VERB
fbem-18291	398	39	the	the	DET
fbem-18291	398	40	quality	quality	NOUN
fbem-18291	398	41	of	of	ADP
fbem-18291	398	42	financial	financial	ADJ
fbem-18291	398	43	services	service	NOUN
fbem-18291	398	44	,	,	PUNCT
fbem-18291	398	45	whilst	whilst	SCONJ
fbem-18291	398	46	reducing	reduce	VERB
fbem-18291	398	47	their	their	PRON
fbem-18291	398	48	own	own	ADJ
fbem-18291	398	49	liquidity	liquidity	NOUN
fbem-18291	398	50	risk	risk	NOUN
fbem-18291	398	51	,	,	PUNCT
fbem-18291	398	52	and	and	CCONJ
fbem-18291	398	53	gradually	gradually	ADV
fbem-18291	398	54	converted	convert	VERB
fbem-18291	398	55	to	to	ADP
fbem-18291	398	56	a	a	DET
fbem-18291	398	57	stable	stable	ADJ
fbem-18291	398	58	and	and	CCONJ
fbem-18291	398	59	healthy	healthy	ADJ
fbem-18291	398	60	development	development	NOUN
fbem-18291	398	61	mode	mode	NOUN
fbem-18291	398	62	.	.	PUNCT
fbem-18291	399	1	therefore	therefore	ADV
fbem-18291	399	2	,	,	PUNCT
fbem-18291	399	3	this	this	DET
fbem-18291	399	4	paper	paper	NOUN
fbem-18291	399	5	proposed	propose	VERB
fbem-18291	399	6	the	the	DET
fbem-18291	399	7	following	follow	VERB
fbem-18291	399	8	suggestions	suggestion	NOUN
fbem-18291	399	9	to	to	PART
fbem-18291	399	10	provide	provide	VERB
fbem-18291	399	11	reference	reference	NOUN
fbem-18291	399	12	for	for	ADP
fbem-18291	399	13	the	the	DET
fbem-18291	399	14	prevention	prevention	NOUN
fbem-18291	399	15	of	of	ADP
fbem-18291	399	16	liquidity	liquidity	NOUN
fbem-18291	399	17	risk	risk	NOUN
fbem-18291	399	18	in	in	ADP
fbem-18291	399	19	commercial	commercial	ADJ
fbem-18291	399	20	banks	bank	NOUN
fbem-18291	399	21	.	.	PUNCT
fbem-18291	400	1	1	1	X
fbem-18291	400	2	.	.	X
fbem-18291	400	3	china	china	PROPN
fbem-18291	400	4	needs	need	VERB
fbem-18291	400	5	to	to	PART
fbem-18291	400	6	promote	promote	VERB
fbem-18291	400	7	financial	financial	ADJ
fbem-18291	400	8	technology	technology	NOUN
fbem-18291	400	9	and	and	CCONJ
fbem-18291	400	10	strengthen	strengthen	VERB
fbem-18291	400	11	regulations	regulation	NOUN
fbem-18291	400	12	to	to	PART
fbem-18291	400	13	maintain	maintain	VERB
fbem-18291	400	14	financial	financial	ADJ
fbem-18291	400	15	stability	stability	NOUN
fbem-18291	400	16	.	.	PUNCT
fbem-18291	401	1	today	today	NOUN
fbem-18291	401	2	’s	’s	PART
fbem-18291	401	3	era	era	NOUN
fbem-18291	401	4	is	be	AUX
fbem-18291	401	5	the	the	DET
fbem-18291	401	6	age	age	NOUN
fbem-18291	401	7	of	of	ADP
fbem-18291	401	8	information	information	NOUN
fbem-18291	401	9	technology	technology	NOUN
fbem-18291	401	10	,	,	PUNCT
fbem-18291	401	11	and	and	CCONJ
fbem-18291	401	12	as	as	SCONJ
fbem-18291	401	13	the	the	DET
fbem-18291	401	14	leader	leader	NOUN
fbem-18291	401	15	of	of	ADP
fbem-18291	401	16	the	the	DET
fbem-18291	401	17	innovation	innovation	NOUN
fbem-18291	401	18	of	of	ADP
fbem-18291	401	19	the	the	DET
fbem-18291	401	20	times	time	NOUN
fbem-18291	401	21	,	,	PUNCT
fbem-18291	401	22	science	science	NOUN
fbem-18291	401	23	and	and	CCONJ
fbem-18291	401	24	technology	technology	NOUN
fbem-18291	401	25	is	be	AUX
fbem-18291	401	26	always	always	ADV
fbem-18291	401	27	an	an	DET
fbem-18291	401	28	important	important	ADJ
fbem-18291	401	29	initiative	initiative	NOUN
fbem-18291	401	30	for	for	ADP
fbem-18291	401	31	the	the	DET
fbem-18291	401	32	benefit	benefit	NOUN
fbem-18291	401	33	of	of	ADP
fbem-18291	401	34	mankind	mankind	NOUN
fbem-18291	401	35	.	.	PUNCT
fbem-18291	402	1	accompanied	accompany	VERB
fbem-18291	402	2	by	by	ADP
fbem-18291	402	3	the	the	DET
fbem-18291	402	4	explosion	explosion	NOUN
fbem-18291	402	5	of	of	ADP
fbem-18291	402	6	artificial	artificial	ADJ
fbem-18291	402	7	intelligence	intelligence	NOUN
fbem-18291	402	8	,	,	PUNCT
fbem-18291	402	9	big	big	ADJ
fbem-18291	402	10	data	datum	NOUN
fbem-18291	402	11	,	,	PUNCT
fbem-18291	402	12	and	and	CCONJ
fbem-18291	402	13	blockchain	blockchain	PROPN
fbem-18291	402	14	technology	technology	PROPN
fbem-18291	402	15	in	in	ADP
fbem-18291	402	16	recent	recent	ADJ
fbem-18291	402	17	years	year	NOUN
fbem-18291	402	18	,	,	PUNCT
fbem-18291	402	19	all	all	DET
fbem-18291	402	20	industries	industry	NOUN
fbem-18291	402	21	have	have	AUX
fbem-18291	402	22	seized	seize	VERB
fbem-18291	402	23	considerable	considerable	ADJ
fbem-18291	402	24	resources	resource	NOUN
fbem-18291	402	25	from	from	ADP
fbem-18291	402	26	internet	internet	NOUN
fbem-18291	402	27	technology	technology	NOUN
fbem-18291	402	28	.	.	PUNCT
fbem-18291	403	1	although	although	SCONJ
fbem-18291	403	2	china	china	PROPN
fbem-18291	403	3	has	have	AUX
fbem-18291	403	4	been	be	AUX
fbem-18291	403	5	ranked	rank	VERB
fbem-18291	403	6	as	as	ADP
fbem-18291	403	7	the	the	DET
fbem-18291	403	8	second	second	ADV
fbem-18291	403	9	largest	large	ADJ
fbem-18291	403	10	economy	economy	NOUN
fbem-18291	403	11	in	in	ADP
fbem-18291	403	12	the	the	DET
fbem-18291	403	13	world	world	NOUN
fbem-18291	403	14	,	,	PUNCT
fbem-18291	403	15	the	the	DET
fbem-18291	403	16	problem	problem	NOUN
fbem-18291	403	17	of	of	ADP
fbem-18291	403	18	unbalanced	unbalanced	ADJ
fbem-18291	403	19	economic	economic	ADJ
fbem-18291	403	20	development	development	NOUN
fbem-18291	403	21	is	be	AUX
fbem-18291	403	22	extremely	extremely	ADV
fbem-18291	403	23	prominent	prominent	ADJ
fbem-18291	403	24	;	;	PUNCT
fbem-18291	403	25	the	the	DET
fbem-18291	403	26	south	south	NOUN
fbem-18291	403	27	is	be	AUX
fbem-18291	403	28	strong	strong	ADJ
fbem-18291	403	29	and	and	CCONJ
fbem-18291	403	30	the	the	DET
fbem-18291	403	31	north	north	NOUN
fbem-18291	403	32	is	be	AUX
fbem-18291	403	33	weak	weak	ADJ
fbem-18291	403	34	,	,	PUNCT
fbem-18291	403	35	and	and	CCONJ
fbem-18291	403	36	the	the	DET
fbem-18291	403	37	east	east	NOUN
fbem-18291	403	38	is	be	AUX
fbem-18291	403	39	strong	strong	ADJ
fbem-18291	403	40	and	and	CCONJ
fbem-18291	403	41	the	the	DET
fbem-18291	403	42	west	west	NOUN
fbem-18291	403	43	is	be	AUX
fbem-18291	403	44	weak	weak	ADJ
fbem-18291	403	45	all	all	DET
fbem-18291	403	46	the	the	DET
fbem-18291	403	47	time	time	NOUN
fbem-18291	403	48	.	.	PUNCT
fbem-18291	404	1	the	the	DET
fbem-18291	404	2	wealth	wealth	NOUN
fbem-18291	404	3	and	and	CCONJ
fbem-18291	404	4	strength	strength	NOUN
fbem-18291	404	5	of	of	ADP
fbem-18291	404	6	a	a	DET
fbem-18291	404	7	country	country	NOUN
fbem-18291	404	8	is	be	AUX
fbem-18291	404	9	not	not	PART
fbem-18291	404	10	based	base	VERB
fbem-18291	404	11	on	on	ADP
fbem-18291	404	12	the	the	DET
fbem-18291	404	13	abundance	abundance	NOUN
fbem-18291	404	14	of	of	ADP
fbem-18291	404	15	a	a	DET
fbem-18291	404	16	small	small	ADJ
fbem-18291	404	17	number	number	NOUN
fbem-18291	404	18	of	of	ADP
fbem-18291	404	19	people	people	NOUN
fbem-18291	404	20	,	,	PUNCT
fbem-18291	404	21	but	but	CCONJ
fbem-18291	404	22	the	the	DET
fbem-18291	404	23	abundance	abundance	NOUN
fbem-18291	404	24	of	of	ADP
fbem-18291	404	25	all	all	DET
fbem-18291	404	26	the	the	DET
fbem-18291	404	27	people	people	NOUN
fbem-18291	404	28	.	.	PUNCT
fbem-18291	405	1	the	the	DET
fbem-18291	405	2	country	country	NOUN
fbem-18291	405	3	should	should	AUX
fbem-18291	405	4	use	use	VERB
fbem-18291	405	5	financial	financial	ADJ
fbem-18291	405	6	technology	technology	NOUN
fbem-18291	405	7	as	as	ADP
fbem-18291	405	8	the	the	DET
fbem-18291	405	9	primary	primary	ADJ
fbem-18291	405	10	way	way	NOUN
fbem-18291	405	11	to	to	PART
fbem-18291	405	12	optimise	optimise	VERB
fbem-18291	405	13	the	the	DET
fbem-18291	405	14	distribution	distribution	NOUN
fbem-18291	405	15	of	of	ADP
fbem-18291	405	16	resources	resource	NOUN
fbem-18291	405	17	,	,	PUNCT
fbem-18291	405	18	strengthen	strengthen	VERB
fbem-18291	405	19	the	the	DET
fbem-18291	405	20	drop	drop	NOUN
fbem-18291	405	21	of	of	ADP
fbem-18291	405	22	resources	resource	NOUN
fbem-18291	405	23	to	to	ADP
fbem-18291	405	24	backward	backward	ADJ
fbem-18291	405	25	areas	area	NOUN
fbem-18291	405	26	,	,	PUNCT
fbem-18291	405	27	and	and	CCONJ
fbem-18291	405	28	use	use	VERB
fbem-18291	405	29	financial	financial	ADJ
fbem-18291	405	30	technology	technology	NOUN
fbem-18291	405	31	to	to	PART
fbem-18291	405	32	implement	implement	VERB
fbem-18291	405	33	scale	scale	NOUN
fbem-18291	405	34	and	and	CCONJ
fbem-18291	405	35	centralised	centralised	ADJ
fbem-18291	405	36	mobilisation	mobilisation	NOUN
fbem-18291	405	37	.	.	PUNCT
fbem-18291	406	1	this	this	PRON
fbem-18291	406	2	will	will	AUX
fbem-18291	406	3	not	not	PART
fbem-18291	406	4	only	only	ADV
fbem-18291	406	5	show	show	VERB
fbem-18291	406	6	the	the	DET
fbem-18291	406	7	way	way	NOUN
fbem-18291	406	8	for	for	ADP
fbem-18291	406	9	commercial	commercial	ADJ
fbem-18291	406	10	banks	bank	NOUN
fbem-18291	406	11	in	in	ADP
fbem-18291	406	12	terms	term	NOUN
fbem-18291	406	13	of	of	ADP
fbem-18291	406	14	policy	policy	NOUN
fbem-18291	406	15	,	,	PUNCT
fbem-18291	406	16	but	but	CCONJ
fbem-18291	406	17	also	also	ADV
fbem-18291	406	18	strengthen	strengthen	VERB
fbem-18291	406	19	the	the	DET
fbem-18291	406	20	interconnection	interconnection	NOUN
fbem-18291	406	21	between	between	ADP
fbem-18291	406	22	commercial	commercial	ADJ
fbem-18291	406	23	banks	bank	NOUN
fbem-18291	406	24	and	and	CCONJ
fbem-18291	406	25	fintech	fintech	NOUN
fbem-18291	406	26	in	in	ADP
fbem-18291	406	27	practice	practice	NOUN
fbem-18291	406	28	in	in	ADP
fbem-18291	406	29	order	order	NOUN
fbem-18291	406	30	to	to	PART
fbem-18291	406	31	enhance	enhance	VERB
fbem-18291	406	32	their	their	PRON
fbem-18291	406	33	comprehensive	comprehensive	ADJ
fbem-18291	406	34	strength	strength	NOUN
fbem-18291	406	35	.	.	PUNCT
fbem-18291	407	1	moreover	moreover	ADV
fbem-18291	407	2	,	,	PUNCT
fbem-18291	407	3	along	along	ADP
fbem-18291	407	4	with	with	ADP
fbem-18291	407	5	fintech	fintech	NOUN
fbem-18291	407	6	sweeping	sweep	VERB
fbem-18291	407	7	through	through	ADP
fbem-18291	407	8	china	china	PROPN
fbem-18291	407	9	,	,	PUNCT
fbem-18291	407	10	an	an	DET
fbem-18291	407	11	increasing	increase	VERB
fbem-18291	407	12	number	number	NOUN
fbem-18291	407	13	of	of	ADP
fbem-18291	407	14	commercial	commercial	ADJ
fbem-18291	407	15	banks	bank	NOUN
fbem-18291	407	16	in	in	ADP
fbem-18291	407	17	the	the	DET
fbem-18291	407	18	country	country	NOUN
fbem-18291	407	19	have	have	AUX
fbem-18291	407	20	begun	begin	VERB
fbem-18291	407	21	to	to	PART
fbem-18291	407	22	warm	warm	VERB
fbem-18291	407	23	up	up	ADP
fbem-18291	407	24	with	with	ADP
fbem-18291	407	25	tech	tech	NOUN
fbem-18291	407	26	companies	company	NOUN
fbem-18291	407	27	,	,	PUNCT
fbem-18291	407	28	and	and	CCONJ
fbem-18291	407	29	the	the	DET
fbem-18291	407	30	lack	lack	NOUN
fbem-18291	407	31	of	of	ADP
fbem-18291	407	32	regulation	regulation	NOUN
fbem-18291	407	33	has	have	AUX
fbem-18291	407	34	led	lead	VERB
fbem-18291	407	35	to	to	ADP
fbem-18291	407	36	a	a	DET
fbem-18291	407	37	significant	significant	ADJ
fbem-18291	407	38	financial	financial	ADJ
fbem-18291	407	39	crisis	crisis	NOUN
fbem-18291	407	40	in	in	ADP
fbem-18291	407	41	china	china	PROPN
fbem-18291	407	42	caused	cause	VERB
fbem-18291	407	43	by	by	ADP
fbem-18291	407	44	the	the	DET
fbem-18291	407	45	financial	financial	ADJ
fbem-18291	407	46	model	model	NOUN
fbem-18291	407	47	represented	represent	VERB
fbem-18291	407	48	by	by	ADP
fbem-18291	407	49	shadow	shadow	NOUN
fbem-18291	407	50	banking	banking	NOUN
fbem-18291	407	51	.	.	PUNCT
fbem-18291	408	1	meanwhile	meanwhile	ADV
fbem-18291	408	2	,	,	PUNCT
fbem-18291	408	3	the	the	DET
fbem-18291	408	4	fintech	fintech	NOUN
fbem-18291	408	5	companies	company	NOUN
fbem-18291	408	6	represented	represent	VERB
fbem-18291	408	7	by	by	ADP
fbem-18291	408	8	ant	ant	ADJ
fbem-18291	408	9	gold	gold	NOUN
fbem-18291	408	10	and	and	CCONJ
fbem-18291	408	11	jingdong	jingdong	ADP
fbem-18291	408	12	baijiao	baijiao	NOUN
fbem-18291	408	13	gradually	gradually	ADV
fbem-18291	408	14	tend	tend	VERB
fbem-18291	408	15	to	to	PART
fbem-18291	408	16	be	be	AUX
fbem-18291	408	17	‘	'	PUNCT
fbem-18291	408	18	financialised	financialise	VERB
fbem-18291	408	19	’	'	PUNCT
fbem-18291	408	20	,	,	PUNCT
fbem-18291	408	21	engaging	engage	VERB
fbem-18291	408	22	in	in	ADP
fbem-18291	408	23	the	the	DET
fbem-18291	408	24	business	business	NOUN
fbem-18291	408	25	of	of	ADP
fbem-18291	408	26	some	some	DET
fbem-18291	408	27	traditional	traditional	ADJ
fbem-18291	408	28	banks	bank	NOUN
fbem-18291	408	29	and	and	CCONJ
fbem-18291	408	30	crossborder	crossborder	NOUN
fbem-18291	408	31	marketing	marketing	NOUN
fbem-18291	408	32	,	,	PUNCT
fbem-18291	408	33	such	such	ADJ
fbem-18291	408	34	as	as	ADP
fbem-18291	408	35	issuing	issue	VERB
fbem-18291	408	36	loans	loan	NOUN
fbem-18291	408	37	,	,	PUNCT
fbem-18291	408	38	but	but	CCONJ
fbem-18291	408	39	they	they	PRON
fbem-18291	408	40	do	do	AUX
fbem-18291	408	41	not	not	PART
fbem-18291	408	42	comply	comply	VERB
fbem-18291	408	43	with	with	ADP
fbem-18291	408	44	the	the	DET
fbem-18291	408	45	corresponding	correspond	VERB
fbem-18291	408	46	laws	law	NOUN
fbem-18291	408	47	and	and	CCONJ
fbem-18291	408	48	regulations	regulation	NOUN
fbem-18291	408	49	,	,	PUNCT
fbem-18291	408	50	touching	touch	VERB
fbem-18291	408	51	the	the	DET
fbem-18291	408	52	bottom	bottom	ADJ
fbem-18291	408	53	line	line	NOUN
fbem-18291	408	54	of	of	ADP
fbem-18291	408	55	the	the	DET
fbem-18291	408	56	national	national	ADJ
fbem-18291	408	57	supervision	supervision	NOUN
fbem-18291	408	58	and	and	CCONJ
fbem-18291	408	59	forming	form	VERB
fbem-18291	408	60	cross	cross	ADJ
fbem-18291	408	61	-	-	ADJ
fbem-18291	408	62	border	border	ADJ
fbem-18291	408	63	arbitrage	arbitrage	NOUN
fbem-18291	408	64	.	.	PUNCT
fbem-18291	409	1	finally	finally	ADV
fbem-18291	409	2	,	,	PUNCT
fbem-18291	409	3	large	large	ADJ
fbem-18291	409	4	companies	company	NOUN
fbem-18291	409	5	are	be	AUX
fbem-18291	409	6	expanding	expand	VERB
fbem-18291	409	7	in	in	ADP
fbem-18291	409	8	an	an	DET
fbem-18291	409	9	uncontrolled	uncontrolled	ADJ
fbem-18291	409	10	manner	manner	NOUN
fbem-18291	409	11	with	with	ADP
fbem-18291	409	12	their	their	PRON
fbem-18291	409	13	capital	capital	NOUN
fbem-18291	409	14	advantages	advantage	NOUN
fbem-18291	409	15	,	,	PUNCT
fbem-18291	409	16	eating	eat	VERB
fbem-18291	409	17	into	into	ADP
fbem-18291	409	18	the	the	DET
fbem-18291	409	19	profit	profit	NOUN
fbem-18291	409	20	margins	margin	NOUN
fbem-18291	409	21	of	of	ADP
fbem-18291	409	22	small	small	ADJ
fbem-18291	409	23	and	and	CCONJ
fbem-18291	409	24	medium	medium	ADJ
fbem-18291	409	25	-	-	PUNCT
fbem-18291	409	26	sized	sized	ADJ
fbem-18291	409	27	enterprises	enterprise	NOUN
fbem-18291	409	28	(	(	PUNCT
fbem-18291	409	29	smes	sme	NOUN
fbem-18291	409	30	)	)	PUNCT
fbem-18291	409	31	,	,	PUNCT
fbem-18291	409	32	and	and	CCONJ
fbem-18291	409	33	leading	lead	VERB
fbem-18291	409	34	to	to	ADP
fbem-18291	409	35	excessive	excessive	ADJ
fbem-18291	409	36	competition	competition	NOUN
fbem-18291	409	37	and	and	CCONJ
fbem-18291	409	38	a	a	DET
fbem-18291	409	39	waste	waste	NOUN
fbem-18291	409	40	of	of	ADP
fbem-18291	409	41	resources	resource	NOUN
fbem-18291	409	42	.	.	PUNCT
fbem-18291	410	1	therefore	therefore	ADV
fbem-18291	410	2	,	,	PUNCT
fbem-18291	410	3	in	in	ADP
fbem-18291	410	4	2020	2020	NUM
fbem-18291	410	5	,	,	PUNCT
fbem-18291	410	6	china	china	PROPN
fbem-18291	410	7	’s	’s	PART
fbem-18291	410	8	regulators	regulator	NOUN
fbem-18291	410	9	began	begin	VERB
fbem-18291	410	10	to	to	PART
fbem-18291	410	11	conduct	conduct	VERB
fbem-18291	410	12	large	large	ADJ
fbem-18291	410	13	-	-	PUNCT
fbem-18291	410	14	scale	scale	NOUN
fbem-18291	410	15	interviews	interview	NOUN
fbem-18291	410	16	with	with	ADP
fbem-18291	410	17	fintech	fintech	NOUN
fbem-18291	410	18	companies	company	NOUN
fbem-18291	410	19	,	,	PUNCT
fbem-18291	410	20	and	and	CCONJ
fbem-18291	410	21	fintech	fintech	NOUN
fbem-18291	410	22	ushered	usher	VERB
fbem-18291	410	23	in	in	ADP
fbem-18291	410	24	the	the	DET
fbem-18291	410	25	first	first	ADJ
fbem-18291	410	26	year	year	NOUN
fbem-18291	410	27	of	of	ADP
fbem-18291	410	28	strong	strong	ADJ
fbem-18291	410	29	regulation	regulation	NOUN
fbem-18291	410	30	,	,	PUNCT
fbem-18291	410	31	with	with	ADP
fbem-18291	410	32	the	the	DET
fbem-18291	410	33	government	government	NOUN
fbem-18291	410	34	emphasising	emphasise	VERB
fbem-18291	410	35	that	that	SCONJ
fbem-18291	410	36	fintech	fintech	NOUN
fbem-18291	410	37	companies	company	NOUN
fbem-18291	410	38	should	should	AUX
fbem-18291	410	39	strengthen	strengthen	VERB
fbem-18291	410	40	integration	integration	NOUN
fbem-18291	410	41	with	with	ADP
fbem-18291	410	42	commercial	commercial	ADJ
fbem-18291	410	43	banks	bank	NOUN
fbem-18291	410	44	,	,	PUNCT
fbem-18291	410	45	weaken	weaken	VERB
fbem-18291	410	46	their	their	PRON
fbem-18291	410	47	own	own	ADJ
fbem-18291	410	48	capital	capital	NOUN
fbem-18291	410	49	-	-	PUNCT
fbem-18291	410	50	raising	raise	VERB
fbem-18291	410	51	ability	ability	NOUN
fbem-18291	410	52	,	,	PUNCT
fbem-18291	410	53	focus	focus	VERB
fbem-18291	410	54	on	on	ADP
fbem-18291	410	55	weighing	weigh	VERB
fbem-18291	410	56	the	the	DET
fbem-18291	410	57	balance	balance	NOUN
fbem-18291	410	58	between	between	ADP
fbem-18291	410	59	profitability	profitability	NOUN
fbem-18291	410	60	and	and	CCONJ
fbem-18291	410	61	regulation	regulation	NOUN
fbem-18291	410	62	,	,	PUNCT
fbem-18291	410	63	and	and	CCONJ
fbem-18291	410	64	operate	operate	VERB
fbem-18291	410	65	in	in	ADP
fbem-18291	410	66	297	297	NUM
fbem-18291	410	67	compliance	compliance	NOUN
fbem-18291	410	68	.	.	PUNCT
fbem-18291	411	1	it	it	PRON
fbem-18291	411	2	also	also	ADV
fbem-18291	411	3	emphasises	emphasise	VERB
fbem-18291	411	4	the	the	DET
fbem-18291	411	5	protection	protection	NOUN
fbem-18291	411	6	of	of	ADP
fbem-18291	411	7	consumers	consumer	NOUN
fbem-18291	411	8	’	’	PART
fbem-18291	411	9	legitimate	legitimate	ADJ
fbem-18291	411	10	rights	right	NOUN
fbem-18291	411	11	and	and	CCONJ
fbem-18291	411	12	interests	interest	NOUN
fbem-18291	411	13	as	as	ADP
fbem-18291	411	14	a	a	DET
fbem-18291	411	15	core	core	NOUN
fbem-18291	411	16	objective	objective	NOUN
fbem-18291	411	17	of	of	ADP
fbem-18291	411	18	financial	financial	ADJ
fbem-18291	411	19	regulation	regulation	NOUN
fbem-18291	411	20	in	in	ADP
fbem-18291	411	21	order	order	NOUN
fbem-18291	411	22	to	to	PART
fbem-18291	411	23	effectively	effectively	ADV
fbem-18291	411	24	use	use	VERB
fbem-18291	411	25	fintech	fintech	NOUN
fbem-18291	411	26	to	to	PART
fbem-18291	411	27	promote	promote	VERB
fbem-18291	411	28	the	the	DET
fbem-18291	411	29	stability	stability	NOUN
fbem-18291	411	30	of	of	ADP
fbem-18291	411	31	the	the	DET
fbem-18291	411	32	financial	financial	ADJ
fbem-18291	411	33	sector	sector	NOUN
fbem-18291	411	34	.	.	PUNCT
fbem-18291	412	1	2	2	X
fbem-18291	412	2	.	.	X
fbem-18291	412	3	adjust	adjust	VERB
fbem-18291	412	4	the	the	DET
fbem-18291	412	5	structure	structure	NOUN
fbem-18291	412	6	of	of	ADP
fbem-18291	412	7	assets	asset	NOUN
fbem-18291	412	8	and	and	CCONJ
fbem-18291	412	9	liabilities	liability	NOUN
fbem-18291	412	10	to	to	PART
fbem-18291	412	11	provide	provide	VERB
fbem-18291	412	12	liquidity	liquidity	NOUN
fbem-18291	412	13	support	support	NOUN
fbem-18291	412	14	the	the	DET
fbem-18291	412	15	theory	theory	NOUN
fbem-18291	412	16	of	of	ADP
fbem-18291	412	17	comprehensive	comprehensive	ADJ
fbem-18291	412	18	asset	asset	NOUN
fbem-18291	412	19	-	-	PUNCT
fbem-18291	412	20	liability	liability	NOUN
fbem-18291	412	21	management	management	NOUN
fbem-18291	412	22	states	state	VERB
fbem-18291	412	23	that	that	SCONJ
fbem-18291	412	24	the	the	DET
fbem-18291	412	25	singularity	singularity	NOUN
fbem-18291	412	26	of	of	ADP
fbem-18291	412	27	asset	asset	NOUN
fbem-18291	412	28	-	-	PUNCT
fbem-18291	412	29	liability	liability	NOUN
fbem-18291	412	30	management	management	NOUN
fbem-18291	412	31	can	can	AUX
fbem-18291	412	32	not	not	PART
fbem-18291	412	33	achieve	achieve	VERB
fbem-18291	412	34	effective	effective	ADJ
fbem-18291	412	35	control	control	NOUN
fbem-18291	412	36	of	of	ADP
fbem-18291	412	37	liquidity	liquidity	NOUN
fbem-18291	412	38	.	.	PUNCT
fbem-18291	413	1	thus	thus	ADV
fbem-18291	413	2	,	,	PUNCT
fbem-18291	413	3	a	a	DET
fbem-18291	413	4	sound	sound	ADJ
fbem-18291	413	5	and	and	CCONJ
fbem-18291	413	6	flexible	flexible	ADJ
fbem-18291	413	7	asset	asset	NOUN
fbem-18291	413	8	-	-	PUNCT
fbem-18291	413	9	liability	liability	NOUN
fbem-18291	413	10	structure	structure	NOUN
fbem-18291	413	11	is	be	AUX
fbem-18291	413	12	an	an	DET
fbem-18291	413	13	effective	effective	ADJ
fbem-18291	413	14	way	way	NOUN
fbem-18291	413	15	to	to	PART
fbem-18291	413	16	enhance	enhance	VERB
fbem-18291	413	17	liquidity	liquidity	NOUN
fbem-18291	413	18	.	.	PUNCT
fbem-18291	414	1	commercial	commercial	ADJ
fbem-18291	414	2	banks	bank	NOUN
fbem-18291	414	3	can	can	AUX
fbem-18291	414	4	make	make	VERB
fbem-18291	414	5	use	use	NOUN
fbem-18291	414	6	of	of	ADP
fbem-18291	414	7	big	big	ADJ
fbem-18291	414	8	data	datum	NOUN
fbem-18291	414	9	from	from	ADP
fbem-18291	414	10	financial	financial	ADJ
fbem-18291	414	11	technology	technology	NOUN
fbem-18291	414	12	companies	company	NOUN
fbem-18291	414	13	to	to	PART
fbem-18291	414	14	dynamically	dynamically	ADV
fbem-18291	414	15	analyse	analyse	VERB
fbem-18291	414	16	customers	customer	NOUN
fbem-18291	414	17	in	in	ADP
fbem-18291	414	18	a	a	DET
fbem-18291	414	19	wide	wide	ADJ
fbem-18291	414	20	area	area	NOUN
fbem-18291	414	21	and	and	CCONJ
fbem-18291	414	22	comprehensively	comprehensively	ADV
fbem-18291	414	23	contemplate	contemplate	VERB
fbem-18291	414	24	their	their	PRON
fbem-18291	414	25	deposits	deposit	NOUN
fbem-18291	414	26	and	and	CCONJ
fbem-18291	414	27	loans	loan	NOUN
fbem-18291	414	28	in	in	ADP
fbem-18291	414	29	order	order	NOUN
fbem-18291	414	30	to	to	PART
fbem-18291	414	31	make	make	VERB
fbem-18291	414	32	the	the	DET
fbem-18291	414	33	bank	bank	NOUN
fbem-18291	414	34	’s	’s	PART
fbem-18291	414	35	assets	asset	NOUN
fbem-18291	414	36	and	and	CCONJ
fbem-18291	414	37	liabilities	liability	NOUN
fbem-18291	414	38	match	match	VERB
fbem-18291	414	39	better	well	ADV
fbem-18291	414	40	.	.	PUNCT
fbem-18291	415	1	moreover	moreover	ADV
fbem-18291	415	2	,	,	PUNCT
fbem-18291	415	3	commercial	commercial	ADJ
fbem-18291	415	4	banks	bank	NOUN
fbem-18291	415	5	need	need	VERB
fbem-18291	415	6	to	to	PART
fbem-18291	415	7	be	be	AUX
fbem-18291	415	8	guided	guide	VERB
fbem-18291	415	9	by	by	ADP
fbem-18291	415	10	the	the	DET
fbem-18291	415	11	protocols	protocol	NOUN
fbem-18291	415	12	of	of	ADP
fbem-18291	415	13	the	the	DET
fbem-18291	415	14	regulatory	regulatory	ADJ
fbem-18291	415	15	authorities	authority	NOUN
fbem-18291	415	16	,	,	PUNCT
fbem-18291	415	17	reasonably	reasonably	ADV
fbem-18291	415	18	control	control	VERB
fbem-18291	415	19	the	the	DET
fbem-18291	415	20	scale	scale	NOUN
fbem-18291	415	21	and	and	CCONJ
fbem-18291	415	22	maturity	maturity	NOUN
fbem-18291	415	23	of	of	ADP
fbem-18291	415	24	assets	asset	NOUN
fbem-18291	415	25	and	and	CCONJ
fbem-18291	415	26	liabilities	liability	NOUN
fbem-18291	415	27	,	,	PUNCT
fbem-18291	415	28	always	always	ADV
fbem-18291	415	29	monitor	monitor	VERB
fbem-18291	415	30	the	the	DET
fbem-18291	415	31	movement	movement	NOUN
fbem-18291	415	32	of	of	ADP
fbem-18291	415	33	funds	fund	NOUN
fbem-18291	415	34	,	,	PUNCT
fbem-18291	415	35	use	use	VERB
fbem-18291	415	36	big	big	ADJ
fbem-18291	415	37	data	datum	NOUN
fbem-18291	415	38	to	to	PART
fbem-18291	415	39	analyse	analyse	VERB
fbem-18291	415	40	the	the	DET
fbem-18291	415	41	capital	capital	NOUN
fbem-18291	415	42	behaviour	behaviour	NOUN
fbem-18291	415	43	of	of	ADP
fbem-18291	415	44	loan	loan	NOUN
fbem-18291	415	45	users	user	NOUN
fbem-18291	415	46	,	,	PUNCT
fbem-18291	415	47	attempt	attempt	VERB
fbem-18291	415	48	to	to	PART
fbem-18291	415	49	reduce	reduce	VERB
fbem-18291	415	50	the	the	DET
fbem-18291	415	51	rate	rate	NOUN
fbem-18291	415	52	of	of	ADP
fbem-18291	415	53	non	non	ADJ
fbem-18291	415	54	-	-	ADJ
fbem-18291	415	55	performing	performing	ADJ
fbem-18291	415	56	loans	loan	NOUN
fbem-18291	415	57	,	,	PUNCT
fbem-18291	415	58	and	and	CCONJ
fbem-18291	415	59	strive	strive	VERB
fbem-18291	415	60	to	to	PART
fbem-18291	415	61	minimise	minimise	VERB
fbem-18291	415	62	credit	credit	NOUN
fbem-18291	415	63	risk	risk	NOUN
fbem-18291	415	64	and	and	CCONJ
fbem-18291	415	65	ensure	ensure	VERB
fbem-18291	415	66	liquidity	liquidity	NOUN
fbem-18291	415	67	.	.	PUNCT
fbem-18291	416	1	in	in	ADP
fbem-18291	416	2	addition	addition	NOUN
fbem-18291	416	3	,	,	PUNCT
fbem-18291	416	4	commercial	commercial	ADJ
fbem-18291	416	5	banks	bank	NOUN
fbem-18291	416	6	should	should	AUX
fbem-18291	416	7	take	take	VERB
fbem-18291	416	8	their	their	PRON
fbem-18291	416	9	own	own	ADJ
fbem-18291	416	10	operating	operating	NOUN
fbem-18291	416	11	conditions	condition	NOUN
fbem-18291	416	12	as	as	ADP
fbem-18291	416	13	the	the	DET
fbem-18291	416	14	actual	actual	ADJ
fbem-18291	416	15	starting	starting	NOUN
fbem-18291	416	16	point	point	NOUN
fbem-18291	416	17	,	,	PUNCT
fbem-18291	416	18	avoiding	avoid	VERB
fbem-18291	416	19	excessive	excessive	ADJ
fbem-18291	416	20	pursuit	pursuit	NOUN
fbem-18291	416	21	of	of	ADP
fbem-18291	416	22	indicators	indicator	NOUN
fbem-18291	416	23	and	and	CCONJ
fbem-18291	416	24	ignoring	ignore	VERB
fbem-18291	416	25	potential	potential	ADJ
fbem-18291	416	26	liquidity	liquidity	NOUN
fbem-18291	416	27	crisis	crisis	NOUN
fbem-18291	416	28	.	.	PUNCT
fbem-18291	417	1	furthermore	furthermore	ADV
fbem-18291	417	2	,	,	PUNCT
fbem-18291	417	3	commercial	commercial	ADJ
fbem-18291	417	4	banks	bank	NOUN
fbem-18291	417	5	can	can	AUX
fbem-18291	417	6	develop	develop	VERB
fbem-18291	417	7	digital	digital	ADJ
fbem-18291	417	8	banking	banking	NOUN
fbem-18291	417	9	and	and	CCONJ
fbem-18291	417	10	online	online	ADJ
fbem-18291	417	11	deposit	deposit	NOUN
fbem-18291	417	12	channels	channel	NOUN
fbem-18291	417	13	to	to	PART
fbem-18291	417	14	attract	attract	VERB
fbem-18291	417	15	more	more	ADJ
fbem-18291	417	16	deposit	deposit	NOUN
fbem-18291	417	17	customers	customer	NOUN
fbem-18291	417	18	.	.	PUNCT
fbem-18291	418	1	they	they	PRON
fbem-18291	418	2	can	can	AUX
fbem-18291	418	3	provide	provide	VERB
fbem-18291	418	4	convenient	convenient	ADJ
fbem-18291	418	5	mobile	mobile	ADJ
fbem-18291	418	6	applications	application	NOUN
fbem-18291	418	7	and	and	CCONJ
fbem-18291	418	8	online	online	ADJ
fbem-18291	418	9	deposit	deposit	NOUN
fbem-18291	418	10	features	feature	VERB
fbem-18291	418	11	to	to	PART
fbem-18291	418	12	encourage	encourage	VERB
fbem-18291	418	13	customers	customer	NOUN
fbem-18291	418	14	to	to	PART
fbem-18291	418	15	bank	bank	VERB
fbem-18291	418	16	their	their	PRON
fbem-18291	418	17	funds	fund	NOUN
fbem-18291	418	18	,	,	PUNCT
fbem-18291	418	19	and	and	CCONJ
fbem-18291	418	20	introduce	introduce	VERB
fbem-18291	418	21	innovative	innovative	ADJ
fbem-18291	418	22	deposit	deposit	NOUN
fbem-18291	418	23	products	product	NOUN
fbem-18291	418	24	such	such	ADJ
fbem-18291	418	25	as	as	ADP
fbem-18291	418	26	high	high	ADJ
fbem-18291	418	27	-	-	PUNCT
fbem-18291	418	28	interest	interest	NOUN
fbem-18291	418	29	savings	saving	NOUN
fbem-18291	418	30	accounts	account	NOUN
fbem-18291	418	31	,	,	PUNCT
fbem-18291	418	32	special	special	ADJ
fbem-18291	418	33	rates	rate	NOUN
fbem-18291	418	34	for	for	ADP
fbem-18291	418	35	short	short	ADJ
fbem-18291	418	36	-	-	PUNCT
fbem-18291	418	37	term	term	NOUN
fbem-18291	418	38	deposits	deposit	NOUN
fbem-18291	418	39	,	,	PUNCT
fbem-18291	418	40	and	and	CCONJ
fbem-18291	418	41	savings	saving	NOUN
fbem-18291	418	42	bonds	bond	NOUN
fbem-18291	418	43	to	to	PART
fbem-18291	418	44	attract	attract	VERB
fbem-18291	418	45	customers	customer	NOUN
fbem-18291	418	46	and	and	CCONJ
fbem-18291	418	47	provide	provide	VERB
fbem-18291	418	48	additional	additional	ADJ
fbem-18291	418	49	liquidity	liquidity	NOUN
fbem-18291	418	50	when	when	SCONJ
fbem-18291	418	51	needed	need	VERB
fbem-18291	418	52	.	.	PUNCT
fbem-18291	419	1	3	3	X
fbem-18291	419	2	.	.	X
fbem-18291	419	3	accelerate	accelerate	VERB
fbem-18291	419	4	the	the	DET
fbem-18291	419	5	absorption	absorption	NOUN
fbem-18291	419	6	of	of	ADP
fbem-18291	419	7	advanced	advanced	ADJ
fbem-18291	419	8	technology	technology	NOUN
fbem-18291	419	9	and	and	CCONJ
fbem-18291	419	10	build	build	VERB
fbem-18291	419	11	a	a	DET
fbem-18291	419	12	complete	complete	ADJ
fbem-18291	419	13	liquidity	liquidity	NOUN
fbem-18291	419	14	management	management	NOUN
fbem-18291	419	15	system	system	NOUN
fbem-18291	419	16	.	.	PUNCT
fbem-18291	420	1	in	in	ADP
fbem-18291	420	2	the	the	DET
fbem-18291	420	3	process	process	NOUN
fbem-18291	420	4	of	of	ADP
fbem-18291	420	5	aligning	align	VERB
fbem-18291	420	6	with	with	ADP
fbem-18291	420	7	fintech	fintech	NOUN
fbem-18291	420	8	,	,	PUNCT
fbem-18291	420	9	commercial	commercial	ADJ
fbem-18291	420	10	banks	bank	NOUN
fbem-18291	420	11	should	should	AUX
fbem-18291	420	12	consolidate	consolidate	VERB
fbem-18291	420	13	their	their	PRON
fbem-18291	420	14	own	own	ADJ
fbem-18291	420	15	advantages	advantage	NOUN
fbem-18291	420	16	and	and	CCONJ
fbem-18291	420	17	simultaneously	simultaneously	ADV
fbem-18291	420	18	actively	actively	ADV
fbem-18291	420	19	absorb	absorb	VERB
fbem-18291	420	20	the	the	DET
fbem-18291	420	21	mind	mind	NOUN
fbem-18291	420	22	-	-	PUNCT
fbem-18291	420	23	set	set	VERB
fbem-18291	420	24	and	and	CCONJ
fbem-18291	420	25	technical	technical	ADJ
fbem-18291	420	26	advantages	advantage	NOUN
fbem-18291	420	27	of	of	ADP
fbem-18291	420	28	fintech	fintech	NOUN
fbem-18291	420	29	to	to	PART
fbem-18291	420	30	promote	promote	VERB
fbem-18291	420	31	their	their	PRON
fbem-18291	420	32	own	own	ADJ
fbem-18291	420	33	digital	digital	ADJ
fbem-18291	420	34	transformation	transformation	NOUN
fbem-18291	420	35	,	,	PUNCT
fbem-18291	420	36	and	and	CCONJ
fbem-18291	420	37	strive	strive	VERB
fbem-18291	420	38	to	to	PART
fbem-18291	420	39	make	make	VERB
fbem-18291	420	40	the	the	DET
fbem-18291	420	41	technological	technological	ADJ
fbem-18291	420	42	spill	spill	NOUN
fbem-18291	420	43	over	over	ADP
fbem-18291	420	44	effect	effect	NOUN
fbem-18291	420	45	of	of	ADP
fbem-18291	420	46	fintech	fintech	NOUN
fbem-18291	420	47	stronger	strong	ADJ
fbem-18291	420	48	than	than	ADP
fbem-18291	420	49	the	the	DET
fbem-18291	420	50	competitive	competitive	ADJ
fbem-18291	420	51	effect	effect	NOUN
fbem-18291	420	52	at	at	ADP
fbem-18291	420	53	an	an	DET
fbem-18291	420	54	early	early	ADJ
fbem-18291	420	55	date	date	NOUN
fbem-18291	420	56	in	in	ADP
fbem-18291	420	57	order	order	NOUN
fbem-18291	420	58	to	to	PART
fbem-18291	420	59	bring	bring	VERB
fbem-18291	420	60	more	more	ADJ
fbem-18291	420	61	obvious	obvious	ADJ
fbem-18291	420	62	progress	progress	NOUN
fbem-18291	420	63	for	for	ADP
fbem-18291	420	64	the	the	DET
fbem-18291	420	65	banks	bank	NOUN
fbem-18291	420	66	.	.	PUNCT
fbem-18291	421	1	banks	bank	NOUN
fbem-18291	421	2	should	should	AUX
fbem-18291	421	3	continue	continue	VERB
fbem-18291	421	4	to	to	PART
fbem-18291	421	5	deepen	deepen	VERB
fbem-18291	421	6	the	the	DET
fbem-18291	421	7	application	application	NOUN
fbem-18291	421	8	of	of	ADP
fbem-18291	421	9	artificial	artificial	ADJ
fbem-18291	421	10	intelligence	intelligence	NOUN
fbem-18291	421	11	,	,	PUNCT
fbem-18291	421	12	big	big	ADJ
fbem-18291	421	13	data	datum	NOUN
fbem-18291	421	14	,	,	PUNCT
fbem-18291	421	15	blockchain	blockchain	PROPN
fbem-18291	421	16	,	,	PUNCT
fbem-18291	421	17	cloud	cloud	NOUN
fbem-18291	421	18	computing	computing	NOUN
fbem-18291	421	19	and	and	CCONJ
fbem-18291	421	20	other	other	ADJ
fbem-18291	421	21	technologies	technology	NOUN
fbem-18291	421	22	in	in	ADP
fbem-18291	421	23	the	the	DET
fbem-18291	421	24	business	business	NOUN
fbem-18291	421	25	process	process	NOUN
fbem-18291	421	26	to	to	PART
fbem-18291	421	27	ensure	ensure	VERB
fbem-18291	421	28	that	that	SCONJ
fbem-18291	421	29	all	all	DET
fbem-18291	421	30	types	type	NOUN
fbem-18291	421	31	of	of	ADP
fbem-18291	421	32	technologies	technology	NOUN
fbem-18291	421	33	can	can	AUX
fbem-18291	421	34	be	be	AUX
fbem-18291	421	35	utilised	utilise	VERB
fbem-18291	421	36	in	in	ADP
fbem-18291	421	37	the	the	DET
fbem-18291	421	38	banking	banking	NOUN
fbem-18291	421	39	sector	sector	NOUN
fbem-18291	421	40	.	.	PUNCT
fbem-18291	422	1	the	the	DET
fbem-18291	422	2	use	use	NOUN
fbem-18291	422	3	of	of	ADP
fbem-18291	422	4	artificial	artificial	ADJ
fbem-18291	422	5	intelligence	intelligence	NOUN
fbem-18291	422	6	in	in	ADP
fbem-18291	422	7	marketing	marketing	NOUN
fbem-18291	422	8	,	,	PUNCT
fbem-18291	422	9	customer	customer	NOUN
fbem-18291	422	10	service	service	NOUN
fbem-18291	422	11	,	,	PUNCT
fbem-18291	422	12	asset	asset	NOUN
fbem-18291	422	13	allocation	allocation	NOUN
fbem-18291	422	14	and	and	CCONJ
fbem-18291	422	15	other	other	ADJ
fbem-18291	422	16	scenarios	scenario	NOUN
fbem-18291	422	17	can	can	AUX
fbem-18291	422	18	improve	improve	VERB
fbem-18291	422	19	efficiency	efficiency	NOUN
fbem-18291	422	20	and	and	CCONJ
fbem-18291	422	21	user	user	NOUN
fbem-18291	422	22	experience	experience	NOUN
fbem-18291	422	23	.	.	PUNCT
fbem-18291	423	1	the	the	DET
fbem-18291	423	2	use	use	NOUN
fbem-18291	423	3	of	of	ADP
fbem-18291	423	4	blockchain	blockchain	PROPN
fbem-18291	423	5	technology	technology	PROPN
fbem-18291	423	6	can	can	AUX
fbem-18291	423	7	play	play	VERB
fbem-18291	423	8	an	an	DET
fbem-18291	423	9	invaluable	invaluable	ADJ
fbem-18291	423	10	role	role	NOUN
fbem-18291	423	11	in	in	ADP
fbem-18291	423	12	solving	solve	VERB
fbem-18291	423	13	information	information	NOUN
fbem-18291	423	14	asymmetry	asymmetry	NOUN
fbem-18291	423	15	and	and	CCONJ
fbem-18291	423	16	scientifically	scientifically	ADV
fbem-18291	423	17	establishing	establish	VERB
fbem-18291	423	18	a	a	DET
fbem-18291	423	19	credit	credit	NOUN
fbem-18291	423	20	mechanism	mechanism	NOUN
fbem-18291	423	21	,	,	PUNCT
fbem-18291	423	22	as	as	ADV
fbem-18291	423	23	well	well	ADV
fbem-18291	423	24	as	as	ADP
fbem-18291	423	25	enhancing	enhance	VERB
fbem-18291	423	26	data	datum	NOUN
fbem-18291	423	27	security	security	NOUN
fbem-18291	423	28	;	;	PUNCT
fbem-18291	423	29	and	and	CCONJ
fbem-18291	423	30	the	the	DET
fbem-18291	423	31	use	use	NOUN
fbem-18291	423	32	of	of	ADP
fbem-18291	423	33	big	big	ADJ
fbem-18291	423	34	data	datum	NOUN
fbem-18291	423	35	can	can	AUX
fbem-18291	423	36	be	be	AUX
fbem-18291	423	37	used	use	VERB
fbem-18291	423	38	to	to	PART
fbem-18291	423	39	delve	delve	VERB
fbem-18291	423	40	into	into	ADP
fbem-18291	423	41	the	the	DET
fbem-18291	423	42	information	information	NOUN
fbem-18291	423	43	and	and	CCONJ
fbem-18291	423	44	value	value	NOUN
fbem-18291	423	45	behind	behind	ADP
fbem-18291	423	46	the	the	DET
fbem-18291	423	47	data	datum	NOUN
fbem-18291	423	48	and	and	CCONJ
fbem-18291	423	49	gain	gain	VERB
fbem-18291	423	50	insights	insight	NOUN
fbem-18291	423	51	into	into	ADP
fbem-18291	423	52	the	the	DET
fbem-18291	423	53	habits	habit	NOUN
fbem-18291	423	54	of	of	ADP
fbem-18291	423	55	users	user	NOUN
fbem-18291	423	56	in	in	ADP
fbem-18291	423	57	order	order	NOUN
fbem-18291	423	58	to	to	PART
fbem-18291	423	59	make	make	VERB
fbem-18291	423	60	the	the	DET
fbem-18291	423	61	positioning	positioning	NOUN
fbem-18291	423	62	of	of	ADP
fbem-18291	423	63	the	the	DET
fbem-18291	423	64	users	user	NOUN
fbem-18291	423	65	of	of	ADP
fbem-18291	423	66	the	the	DET
fbem-18291	423	67	bank	bank	NOUN
fbem-18291	423	68	’s	’s	PART
fbem-18291	423	69	products	product	NOUN
fbem-18291	423	70	more	more	ADV
fbem-18291	423	71	accurate	accurate	ADJ
fbem-18291	423	72	and	and	CCONJ
fbem-18291	423	73	cater	cater	VERB
fbem-18291	423	74	to	to	ADP
fbem-18291	423	75	the	the	DET
fbem-18291	423	76	tastes	taste	NOUN
fbem-18291	423	77	of	of	ADP
fbem-18291	423	78	the	the	DET
fbem-18291	423	79	users	user	NOUN
fbem-18291	423	80	.	.	PUNCT
fbem-18291	424	1	through	through	ADP
fbem-18291	424	2	various	various	ADJ
fbem-18291	424	3	types	type	NOUN
fbem-18291	424	4	of	of	ADP
fbem-18291	424	5	technology	technology	NOUN
fbem-18291	424	6	,	,	PUNCT
fbem-18291	424	7	they	they	PRON
fbem-18291	424	8	can	can	AUX
fbem-18291	424	9	build	build	VERB
fbem-18291	424	10	up	up	ADP
fbem-18291	424	11	a	a	DET
fbem-18291	424	12	high	high	ADJ
fbem-18291	424	13	fortress	fortress	NOUN
fbem-18291	424	14	,	,	PUNCT
fbem-18291	424	15	fully	fully	ADV
fbem-18291	424	16	absorb	absorb	VERB
fbem-18291	424	17	the	the	DET
fbem-18291	424	18	spill	spill	NOUN
fbem-18291	424	19	over	over	ADP
fbem-18291	424	20	effect	effect	NOUN
fbem-18291	424	21	of	of	ADP
fbem-18291	424	22	technology	technology	NOUN
fbem-18291	424	23	,	,	PUNCT
fbem-18291	424	24	and	and	CCONJ
fbem-18291	424	25	enhance	enhance	VERB
fbem-18291	424	26	the	the	DET
fbem-18291	424	27	hard	hard	ADJ
fbem-18291	424	28	power	power	NOUN
fbem-18291	424	29	of	of	ADP
fbem-18291	424	30	banks	bank	NOUN
fbem-18291	424	31	.	.	PUNCT
fbem-18291	425	1	commercial	commercial	ADJ
fbem-18291	425	2	banks	bank	NOUN
fbem-18291	425	3	should	should	AUX
fbem-18291	425	4	keep	keep	VERB
fbem-18291	425	5	abreast	abreast	ADV
fbem-18291	425	6	of	of	ADP
fbem-18291	425	7	the	the	DET
fbem-18291	425	8	times	time	NOUN
fbem-18291	425	9	and	and	CCONJ
fbem-18291	425	10	adopt	adopt	VERB
fbem-18291	425	11	more	more	ADV
fbem-18291	425	12	comprehensive	comprehensive	ADJ
fbem-18291	425	13	regulatory	regulatory	ADJ
fbem-18291	425	14	indicators	indicator	NOUN
fbem-18291	425	15	to	to	PART
fbem-18291	425	16	monitor	monitor	VERB
fbem-18291	425	17	their	their	PRON
fbem-18291	425	18	liquidity	liquidity	NOUN
fbem-18291	425	19	levels	level	NOUN
fbem-18291	425	20	.	.	PUNCT
fbem-18291	426	1	whilst	whilst	SCONJ
fbem-18291	426	2	managing	manage	VERB
fbem-18291	426	3	liquidity	liquidity	NOUN
fbem-18291	426	4	,	,	PUNCT
fbem-18291	426	5	they	they	PRON
fbem-18291	426	6	should	should	AUX
fbem-18291	426	7	also	also	ADV
fbem-18291	426	8	take	take	VERB
fbem-18291	426	9	into	into	ADP
fbem-18291	426	10	account	account	NOUN
fbem-18291	426	11	their	their	PRON
fbem-18291	426	12	overall	overall	ADJ
fbem-18291	426	13	scale	scale	NOUN
fbem-18291	426	14	,	,	PUNCT
fbem-18291	426	15	business	business	NOUN
fbem-18291	426	16	model	model	NOUN
fbem-18291	426	17	,	,	PUNCT
fbem-18291	426	18	profitability	profitability	NOUN
fbem-18291	426	19	and	and	CCONJ
fbem-18291	426	20	other	other	ADJ
fbem-18291	426	21	factors	factor	NOUN
fbem-18291	426	22	,	,	PUNCT
fbem-18291	426	23	strictly	strictly	ADV
fbem-18291	426	24	control	control	VERB
fbem-18291	426	25	the	the	DET
fbem-18291	426	26	movements	movement	NOUN
fbem-18291	426	27	of	of	ADP
fbem-18291	426	28	various	various	ADJ
fbem-18291	426	29	assets	asset	NOUN
fbem-18291	426	30	and	and	CCONJ
fbem-18291	426	31	liabilities	liability	NOUN
fbem-18291	426	32	,	,	PUNCT
fbem-18291	426	33	and	and	CCONJ
fbem-18291	426	34	make	make	VERB
fbem-18291	426	35	timely	timely	ADJ
fbem-18291	426	36	adjustments	adjustment	NOUN
fbem-18291	426	37	to	to	PART
fbem-18291	426	38	prevent	prevent	VERB
fbem-18291	426	39	liquidity	liquidity	NOUN
fbem-18291	426	40	risks	risk	NOUN
fbem-18291	426	41	from	from	ADP
fbem-18291	426	42	occurring	occur	VERB
fbem-18291	426	43	if	if	SCONJ
fbem-18291	426	44	they	they	PRON
fbem-18291	426	45	are	be	AUX
fbem-18291	426	46	not	not	PART
fbem-18291	426	47	reasonable	reasonable	ADJ
fbem-18291	426	48	.	.	PUNCT
fbem-18291	427	1	stress	stress	NOUN
fbem-18291	427	2	tests	test	NOUN
fbem-18291	427	3	on	on	ADP
fbem-18291	427	4	liquidity	liquidity	NOUN
fbem-18291	427	5	should	should	AUX
fbem-18291	427	6	also	also	ADV
fbem-18291	427	7	be	be	AUX
fbem-18291	427	8	adjusted	adjust	VERB
fbem-18291	427	9	in	in	ADP
fbem-18291	427	10	accordance	accordance	NOUN
fbem-18291	427	11	with	with	ADP
fbem-18291	427	12	their	their	PRON
fbem-18291	427	13	own	own	ADJ
fbem-18291	427	14	operating	operating	NOUN
fbem-18291	427	15	conditions	condition	NOUN
fbem-18291	427	16	,	,	PUNCT
fbem-18291	427	17	and	and	CCONJ
fbem-18291	427	18	stress	stress	NOUN
fbem-18291	427	19	test	test	NOUN
fbem-18291	427	20	scenarios	scenario	NOUN
fbem-18291	427	21	for	for	ADP
fbem-18291	427	22	liquidity	liquidity	NOUN
fbem-18291	427	23	risk	risk	NOUN
fbem-18291	427	24	should	should	AUX
fbem-18291	427	25	be	be	AUX
fbem-18291	427	26	set	set	VERB
fbem-18291	427	27	up	up	ADP
fbem-18291	427	28	scientifically	scientifically	ADV
fbem-18291	427	29	,	,	PUNCT
fbem-18291	427	30	with	with	SCONJ
fbem-18291	427	31	the	the	DET
fbem-18291	427	32	breadth	breadth	NOUN
fbem-18291	427	33	and	and	CCONJ
fbem-18291	427	34	frequency	frequency	NOUN
fbem-18291	427	35	of	of	ADP
fbem-18291	427	36	the	the	DET
fbem-18291	427	37	tests	test	NOUN
fbem-18291	427	38	being	be	AUX
fbem-18291	427	39	constantly	constantly	ADV
fbem-18291	427	40	changed	change	VERB
fbem-18291	427	41	.	.	PUNCT
fbem-18291	428	1	4	4	X
fbem-18291	428	2	.	.	NOUN
fbem-18291	428	3	adhere	adhere	VERB
fbem-18291	428	4	to	to	ADP
fbem-18291	428	5	the	the	DET
fbem-18291	428	6	strategy	strategy	NOUN
fbem-18291	428	7	of	of	ADP
fbem-18291	428	8	cooperation	cooperation	NOUN
fbem-18291	428	9	and	and	CCONJ
fbem-18291	428	10	sharing	share	VERB
fbem-18291	428	11	to	to	PART
fbem-18291	428	12	achieve	achieve	VERB
fbem-18291	428	13	a	a	DET
fbem-18291	428	14	win	win	NOUN
fbem-18291	428	15	-	-	PUNCT
fbem-18291	428	16	win	win	NOUN
fbem-18291	428	17	situation	situation	NOUN
fbem-18291	428	18	for	for	ADP
fbem-18291	428	19	many	many	ADJ
fbem-18291	428	20	parties	party	NOUN
fbem-18291	428	21	with	with	ADP
fbem-18291	428	22	the	the	DET
fbem-18291	428	23	advent	advent	NOUN
fbem-18291	428	24	of	of	ADP
fbem-18291	428	25	the	the	DET
fbem-18291	428	26	era	era	NOUN
fbem-18291	428	27	of	of	ADP
fbem-18291	428	28	fintech	fintech	NOUN
fbem-18291	428	29	,	,	PUNCT
fbem-18291	428	30	traditional	traditional	ADJ
fbem-18291	428	31	commercial	commercial	ADJ
fbem-18291	428	32	banks	bank	NOUN
fbem-18291	428	33	and	and	CCONJ
fbem-18291	428	34	fintech	fintech	NOUN
fbem-18291	428	35	companies	company	NOUN
fbem-18291	428	36	are	be	AUX
fbem-18291	428	37	competing	compete	VERB
fbem-18291	428	38	with	with	ADP
fbem-18291	428	39	each	each	DET
fbem-18291	428	40	other	other	ADJ
fbem-18291	428	41	with	with	ADP
fbem-18291	428	42	their	their	PRON
fbem-18291	428	43	unique	unique	ADJ
fbem-18291	428	44	advantages	advantage	NOUN
fbem-18291	428	45	and	and	CCONJ
fbem-18291	428	46	trying	try	VERB
fbem-18291	428	47	to	to	PART
fbem-18291	428	48	grow	grow	VERB
fbem-18291	428	49	their	their	PRON
fbem-18291	428	50	strength	strength	NOUN
fbem-18291	428	51	.	.	PUNCT
fbem-18291	429	1	but	but	CCONJ
fbem-18291	429	2	even	even	ADV
fbem-18291	429	3	though	though	SCONJ
fbem-18291	429	4	their	their	PRON
fbem-18291	429	5	respective	respective	ADJ
fbem-18291	429	6	strengths	strength	NOUN
fbem-18291	429	7	can	can	AUX
fbem-18291	429	8	absorb	absorb	VERB
fbem-18291	429	9	a	a	DET
fbem-18291	429	10	large	large	ADJ
fbem-18291	429	11	number	number	NOUN
fbem-18291	429	12	of	of	ADP
fbem-18291	429	13	target	target	NOUN
fbem-18291	429	14	customers	customer	NOUN
fbem-18291	429	15	for	for	ADP
fbem-18291	429	16	them	they	PRON
fbem-18291	429	17	,	,	PUNCT
fbem-18291	429	18	they	they	PRON
fbem-18291	429	19	also	also	ADV
fbem-18291	429	20	have	have	VERB
fbem-18291	429	21	shortcomings	shortcoming	NOUN
fbem-18291	429	22	in	in	ADP
fbem-18291	429	23	their	their	PRON
fbem-18291	429	24	own	own	ADJ
fbem-18291	429	25	development	development	NOUN
fbem-18291	429	26	.	.	PUNCT
fbem-18291	430	1	as	as	SCONJ
fbem-18291	430	2	fintech	fintech	NOUN
fbem-18291	430	3	penetrates	penetrate	VERB
fbem-18291	430	4	into	into	ADP
fbem-18291	430	5	all	all	DET
fbem-18291	430	6	corners	corner	NOUN
fbem-18291	430	7	of	of	ADP
fbem-18291	430	8	the	the	DET
fbem-18291	430	9	globe	globe	NOUN
fbem-18291	430	10	,	,	PUNCT
fbem-18291	430	11	no	no	DET
fbem-18291	430	12	company	company	NOUN
fbem-18291	430	13	or	or	CCONJ
fbem-18291	430	14	business	business	NOUN
fbem-18291	430	15	can	can	AUX
fbem-18291	430	16	move	move	VERB
fbem-18291	430	17	forward	forward	ADV
fbem-18291	430	18	steadily	steadily	ADV
fbem-18291	430	19	without	without	ADP
fbem-18291	430	20	the	the	DET
fbem-18291	430	21	other	other	ADJ
fbem-18291	430	22	,	,	PUNCT
fbem-18291	430	23	nor	nor	CCONJ
fbem-18291	430	24	can	can	AUX
fbem-18291	430	25	they	they	PRON
fbem-18291	430	26	gain	gain	VERB
fbem-18291	430	27	the	the	DET
fbem-18291	430	28	sustained	sustained	ADJ
fbem-18291	430	29	attention	attention	NOUN
fbem-18291	430	30	of	of	ADP
fbem-18291	430	31	consumers	consumer	NOUN
fbem-18291	430	32	.	.	PUNCT
fbem-18291	431	1	the	the	DET
fbem-18291	431	2	only	only	ADJ
fbem-18291	431	3	way	way	NOUN
fbem-18291	431	4	for	for	SCONJ
fbem-18291	431	5	both	both	CCONJ
fbem-18291	431	6	financial	financial	ADJ
fbem-18291	431	7	institutions	institution	NOUN
fbem-18291	431	8	and	and	CCONJ
fbem-18291	431	9	fintech	fintech	NOUN
fbem-18291	431	10	companies	company	NOUN
fbem-18291	431	11	to	to	PART
fbem-18291	431	12	survive	survive	VERB
fbem-18291	431	13	is	be	AUX
fbem-18291	431	14	for	for	SCONJ
fbem-18291	431	15	them	they	PRON
fbem-18291	431	16	to	to	PART
fbem-18291	431	17	co	co	VERB
fbem-18291	431	18	-	-	VERB
fbem-18291	431	19	exist	exist	VERB
fbem-18291	431	20	in	in	ADP
fbem-18291	431	21	a	a	DET
fbem-18291	431	22	mutually	mutually	ADV
fbem-18291	431	23	beneficial	beneficial	ADJ
fbem-18291	431	24	way	way	NOUN
fbem-18291	431	25	.	.	PUNCT
fbem-18291	432	1	therefore	therefore	ADV
fbem-18291	432	2	,	,	PUNCT
fbem-18291	432	3	both	both	PRON
fbem-18291	432	4	traditional	traditional	ADJ
fbem-18291	432	5	financial	financial	ADJ
fbem-18291	432	6	institutions	institution	NOUN
fbem-18291	432	7	and	and	CCONJ
fbem-18291	432	8	fintech	fintech	NOUN
fbem-18291	432	9	companies	company	NOUN
fbem-18291	432	10	should	should	AUX
fbem-18291	432	11	be	be	AUX
fbem-18291	432	12	aware	aware	ADJ
fbem-18291	432	13	of	of	ADP
fbem-18291	432	14	this	this	PRON
fbem-18291	432	15	and	and	CCONJ
fbem-18291	432	16	take	take	VERB
fbem-18291	432	17	the	the	DET
fbem-18291	432	18	initiative	initiative	NOUN
fbem-18291	432	19	to	to	PART
fbem-18291	432	20	seek	seek	VERB
fbem-18291	432	21	co	co	NOUN
fbem-18291	432	22	-	-	NOUN
fbem-18291	432	23	operation	operation	NOUN
fbem-18291	432	24	with	with	ADP
fbem-18291	432	25	each	each	DET
fbem-18291	432	26	other	other	ADJ
fbem-18291	432	27	to	to	PART
fbem-18291	432	28	complement	complement	VERB
fbem-18291	432	29	each	each	DET
fbem-18291	432	30	other	other	ADJ
fbem-18291	432	31	's	's	PART
fbem-18291	432	32	strengths	strength	NOUN
fbem-18291	432	33	and	and	CCONJ
fbem-18291	432	34	winwin	winwin	ADJ
fbem-18291	432	35	co	co	NOUN
fbem-18291	432	36	-	-	NOUN
fbem-18291	432	37	operation	operation	NOUN
fbem-18291	432	38	,	,	PUNCT
fbem-18291	432	39	in	in	ADP
fbem-18291	432	40	order	order	NOUN
fbem-18291	432	41	to	to	PART
fbem-18291	432	42	enable	enable	VERB
fbem-18291	432	43	themselves	themselves	PRON
fbem-18291	432	44	to	to	PART
fbem-18291	432	45	move	move	VERB
fbem-18291	432	46	forward	forward	ADV
fbem-18291	432	47	steadily	steadily	ADV
fbem-18291	432	48	in	in	ADP
fbem-18291	432	49	this	this	DET
fbem-18291	432	50	society	society	NOUN
fbem-18291	432	51	full	full	ADJ
fbem-18291	432	52	of	of	ADP
fbem-18291	432	53	variables	variable	NOUN
fbem-18291	432	54	and	and	CCONJ
fbem-18291	432	55	competition	competition	NOUN
fbem-18291	432	56	.	.	PUNCT
fbem-18291	433	1	first	first	ADV
fbem-18291	433	2	of	of	ADP
fbem-18291	433	3	all	all	PRON
fbem-18291	433	4	,	,	PUNCT
fbem-18291	433	5	for	for	ADP
fbem-18291	433	6	banks	bank	NOUN
fbem-18291	433	7	,	,	PUNCT
fbem-18291	433	8	they	they	PRON
fbem-18291	433	9	need	need	VERB
fbem-18291	433	10	to	to	PART
fbem-18291	433	11	systematically	systematically	ADV
fbem-18291	433	12	upgrade	upgrade	VERB
fbem-18291	433	13	the	the	DET
fbem-18291	433	14	information	information	NOUN
fbem-18291	433	15	technology	technology	NOUN
fbem-18291	433	16	they	they	PRON
fbem-18291	433	17	have	have	AUX
fbem-18291	433	18	already	already	ADV
fbem-18291	433	19	established	establish	VERB
fbem-18291	433	20	and	and	CCONJ
fbem-18291	433	21	check	check	VERB
fbem-18291	433	22	for	for	ADP
fbem-18291	433	23	gaps	gap	NOUN
fbem-18291	433	24	.	.	PUNCT
fbem-18291	434	1	banks	bank	NOUN
fbem-18291	434	2	should	should	AUX
fbem-18291	434	3	have	have	VERB
fbem-18291	434	4	a	a	DET
fbem-18291	434	5	clear	clear	ADJ
fbem-18291	434	6	understanding	understanding	NOUN
fbem-18291	434	7	of	of	ADP
fbem-18291	434	8	themselves	themselves	PRON
fbem-18291	434	9	,	,	PUNCT
fbem-18291	434	10	understand	understand	VERB
fbem-18291	434	11	their	their	PRON
fbem-18291	434	12	own	own	ADJ
fbem-18291	434	13	shortcomings	shortcoming	NOUN
fbem-18291	434	14	,	,	PUNCT
fbem-18291	434	15	and	and	CCONJ
fbem-18291	434	16	strive	strive	VERB
fbem-18291	434	17	to	to	PART
fbem-18291	434	18	establish	establish	VERB
fbem-18291	434	19	a	a	DET
fbem-18291	434	20	cooperative	cooperative	ADJ
fbem-18291	434	21	relationship	relationship	NOUN
fbem-18291	434	22	with	with	ADP
fbem-18291	434	23	high	high	ADJ
fbem-18291	434	24	-	-	PUNCT
fbem-18291	434	25	tech	tech	NOUN
fbem-18291	434	26	financial	financial	ADJ
fbem-18291	434	27	technology	technology	NOUN
fbem-18291	434	28	enterprises	enterprise	NOUN
fbem-18291	434	29	,	,	PUNCT
fbem-18291	434	30	so	so	SCONJ
fbem-18291	434	31	that	that	SCONJ
fbem-18291	434	32	they	they	PRON
fbem-18291	434	33	can	can	AUX
fbem-18291	434	34	better	well	ADV
fbem-18291	434	35	complete	complete	VERB
fbem-18291	434	36	the	the	DET
fbem-18291	434	37	collection	collection	NOUN
fbem-18291	434	38	of	of	ADP
fbem-18291	434	39	internal	internal	ADJ
fbem-18291	434	40	information	information	NOUN
fbem-18291	434	41	and	and	CCONJ
fbem-18291	434	42	systematic	systematic	ADJ
fbem-18291	434	43	risk	risk	NOUN
fbem-18291	434	44	analysis	analysis	NOUN
fbem-18291	434	45	with	with	ADP
fbem-18291	434	46	the	the	DET
fbem-18291	434	47	help	help	NOUN
fbem-18291	434	48	of	of	ADP
fbem-18291	434	49	the	the	DET
fbem-18291	434	50	information	information	NOUN
fbem-18291	434	51	processing	processing	NOUN
fbem-18291	434	52	technology	technology	NOUN
fbem-18291	434	53	of	of	ADP
fbem-18291	434	54	financial	financial	ADJ
fbem-18291	434	55	technology	technology	NOUN
fbem-18291	434	56	companies	company	NOUN
fbem-18291	434	57	.	.	PUNCT
fbem-18291	435	1	at	at	ADP
fbem-18291	435	2	the	the	DET
fbem-18291	435	3	same	same	ADJ
fbem-18291	435	4	time	time	NOUN
fbem-18291	435	5	,	,	PUNCT
fbem-18291	435	6	with	with	ADP
fbem-18291	435	7	the	the	DET
fbem-18291	435	8	help	help	NOUN
fbem-18291	435	9	of	of	ADP
fbem-18291	435	10	big	big	ADJ
fbem-18291	435	11	data	datum	NOUN
fbem-18291	435	12	to	to	PART
fbem-18291	435	13	study	study	VERB
fbem-18291	435	14	the	the	DET
fbem-18291	435	15	habits	habit	NOUN
fbem-18291	435	16	and	and	CCONJ
fbem-18291	435	17	needs	need	NOUN
fbem-18291	435	18	of	of	ADP
fbem-18291	435	19	users	user	NOUN
fbem-18291	435	20	,	,	PUNCT
fbem-18291	435	21	to	to	PART
fbem-18291	435	22	carry	carry	VERB
fbem-18291	435	23	out	out	ADP
fbem-18291	435	24	research	research	NOUN
fbem-18291	435	25	and	and	CCONJ
fbem-18291	435	26	development	development	NOUN
fbem-18291	435	27	,	,	PUNCT
fbem-18291	435	28	testing	testing	NOUN
fbem-18291	435	29	and	and	CCONJ
fbem-18291	435	30	sales	sale	NOUN
fbem-18291	435	31	of	of	ADP
fbem-18291	435	32	different	different	ADJ
fbem-18291	435	33	types	type	NOUN
fbem-18291	435	34	of	of	ADP
fbem-18291	435	35	financial	financial	ADJ
fbem-18291	435	36	products	product	NOUN
fbem-18291	435	37	,	,	PUNCT
fbem-18291	435	38	so	so	SCONJ
fbem-18291	435	39	as	as	SCONJ
fbem-18291	435	40	to	to	PART
fbem-18291	435	41	make	make	VERB
fbem-18291	435	42	the	the	DET
fbem-18291	435	43	products	product	NOUN
fbem-18291	435	44	more	more	ADV
fbem-18291	435	45	in	in	ADP
fbem-18291	435	46	line	line	NOUN
fbem-18291	435	47	with	with	ADP
fbem-18291	435	48	the	the	DET
fbem-18291	435	49	needs	need	NOUN
fbem-18291	435	50	of	of	ADP
fbem-18291	435	51	consumers	consumer	NOUN
fbem-18291	435	52	,	,	PUNCT
fbem-18291	435	53	and	and	CCONJ
fbem-18291	435	54	improve	improve	VERB
fbem-18291	435	55	customer	customer	NOUN
fbem-18291	435	56	stickiness	stickiness	NOUN
fbem-18291	435	57	.	.	PUNCT
fbem-18291	436	1	secondly	secondly	ADV
fbem-18291	436	2	,	,	PUNCT
fbem-18291	436	3	commercial	commercial	ADJ
fbem-18291	436	4	banks	bank	NOUN
fbem-18291	436	5	should	should	AUX
fbem-18291	436	6	take	take	VERB
fbem-18291	436	7	the	the	DET
fbem-18291	436	8	initiative	initiative	NOUN
fbem-18291	436	9	to	to	PART
fbem-18291	436	10	seek	seek	VERB
fbem-18291	436	11	cooperation	cooperation	NOUN
fbem-18291	436	12	with	with	ADP
fbem-18291	436	13	open	open	ADJ
fbem-18291	436	14	internet	internet	NOUN
fbem-18291	436	15	enterprises	enterprise	NOUN
fbem-18291	436	16	,	,	PUNCT
fbem-18291	436	17	such	such	ADJ
fbem-18291	436	18	as	as	ADP
fbem-18291	436	19	alipay	alipay	PROPN
fbem-18291	436	20	,	,	PUNCT
fbem-18291	436	21	wechat	wechat	NOUN
fbem-18291	436	22	and	and	CCONJ
fbem-18291	436	23	jingdong	jingdong	PROPN
fbem-18291	436	24	,	,	PUNCT
fbem-18291	436	25	which	which	PRON
fbem-18291	436	26	are	be	AUX
fbem-18291	436	27	deeply	deeply	ADV
fbem-18291	436	28	involved	involve	VERB
fbem-18291	436	29	in	in	ADP
fbem-18291	436	30	the	the	DET
fbem-18291	436	31	lives	life	NOUN
fbem-18291	436	32	of	of	ADP
fbem-18291	436	33	the	the	DET
fbem-18291	436	34	public	public	NOUN
fbem-18291	436	35	and	and	CCONJ
fbem-18291	436	36	play	play	VERB
fbem-18291	436	37	an	an	DET
fbem-18291	436	38	important	important	ADJ
fbem-18291	436	39	role	role	NOUN
fbem-18291	436	40	in	in	ADP
fbem-18291	436	41	social	social	ADJ
fbem-18291	436	42	production	production	NOUN
fbem-18291	436	43	and	and	CCONJ
fbem-18291	436	44	life	life	NOUN
fbem-18291	436	45	all	all	DET
fbem-18291	436	46	the	the	DET
fbem-18291	436	47	time	time	NOUN
fbem-18291	436	48	.	.	PUNCT
fbem-18291	437	1	such	such	ADJ
fbem-18291	437	2	enterprises	enterprise	NOUN
fbem-18291	437	3	are	be	AUX
fbem-18291	437	4	often	often	ADV
fbem-18291	437	5	able	able	ADJ
fbem-18291	437	6	to	to	PART
fbem-18291	437	7	establish	establish	VERB
fbem-18291	437	8	more	more	ADJ
fbem-18291	437	9	direct	direct	ADJ
fbem-18291	437	10	contact	contact	NOUN
fbem-18291	437	11	with	with	ADP
fbem-18291	437	12	customers	customer	NOUN
fbem-18291	437	13	,	,	PUNCT
fbem-18291	437	14	the	the	DET
fbem-18291	437	15	customer	customer	NOUN
fbem-18291	437	16	base	base	NOUN
fbem-18291	437	17	has	have	VERB
fbem-18291	437	18	great	great	ADJ
fbem-18291	437	19	stickiness	stickiness	NOUN
fbem-18291	437	20	,	,	PUNCT
fbem-18291	437	21	and	and	CCONJ
fbem-18291	437	22	at	at	ADP
fbem-18291	437	23	the	the	DET
fbem-18291	437	24	same	same	ADJ
fbem-18291	437	25	time	time	NOUN
fbem-18291	437	26	,	,	PUNCT
fbem-18291	437	27	along	along	ADP
fbem-18291	437	28	with	with	ADP
fbem-18291	437	29	the	the	DET
fbem-18291	437	30	gradual	gradual	ADJ
fbem-18291	437	31	increase	increase	NOUN
fbem-18291	437	32	in	in	ADP
fbem-18291	437	33	the	the	DET
fbem-18291	437	34	investment	investment	NOUN
fbem-18291	437	35	needs	need	NOUN
fbem-18291	437	36	of	of	ADP
fbem-18291	437	37	chinese	chinese	ADJ
fbem-18291	437	38	nationals	national	NOUN
fbem-18291	437	39	,	,	PUNCT
fbem-18291	437	40	the	the	DET
fbem-18291	437	41	people	people	NOUN
fbem-18291	437	42	began	begin	VERB
fbem-18291	437	43	to	to	PART
fbem-18291	437	44	have	have	VERB
fbem-18291	437	45	a	a	DET
fbem-18291	437	46	higher	high	ADJ
fbem-18291	437	47	pursuit	pursuit	NOUN
fbem-18291	437	48	of	of	ADP
fbem-18291	437	49	financial	financial	ADJ
fbem-18291	437	50	services	service	NOUN
fbem-18291	437	51	,	,	PUNCT
fbem-18291	437	52	and	and	CCONJ
fbem-18291	437	53	thus	thus	ADV
fbem-18291	437	54	the	the	DET
fbem-18291	437	55	commercial	commercial	ADJ
fbem-18291	437	56	banks	bank	NOUN
fbem-18291	437	57	(	(	PUNCT
fbem-18291	437	58	especially	especially	ADV
fbem-18291	437	59	small	small	ADJ
fbem-18291	437	60	and	and	CCONJ
fbem-18291	437	61	medium	medium	ADJ
fbem-18291	437	62	-	-	PUNCT
fbem-18291	437	63	sized	sized	ADJ
fbem-18291	437	64	banks	bank	NOUN
fbem-18291	437	65	)	)	PUNCT
fbem-18291	437	66	need	need	VERB
fbem-18291	437	67	to	to	PART
fbem-18291	437	68	seize	seize	VERB
fbem-18291	437	69	the	the	DET
fbem-18291	437	70	opportunity	opportunity	NOUN
fbem-18291	437	71	to	to	PART
fbem-18291	437	72	use	use	VERB
fbem-18291	437	73	third	third	ADJ
fbem-18291	437	74	-	-	PUNCT
fbem-18291	437	75	party	party	NOUN
fbem-18291	437	76	service	service	NOUN
fbem-18291	437	77	platforms	platform	NOUN
fbem-18291	437	78	to	to	PART
fbem-18291	437	79	expand	expand	VERB
fbem-18291	437	80	their	their	PRON
fbem-18291	437	81	own	own	ADJ
fbem-18291	437	82	influence	influence	NOUN
fbem-18291	437	83	,	,	PUNCT
fbem-18291	437	84	and	and	CCONJ
fbem-18291	437	85	lay	lie	VERB
fbem-18291	437	86	a	a	DET
fbem-18291	437	87	good	good	ADJ
fbem-18291	437	88	user	user	NOUN
fbem-18291	437	89	base	base	NOUN
fbem-18291	437	90	for	for	ADP
fbem-18291	437	91	the	the	DET
fbem-18291	437	92	future	future	NOUN
fbem-18291	437	93	of	of	ADP
fbem-18291	437	94	the	the	DET
fbem-18291	437	95	fierce	fierce	ADJ
fbem-18291	437	96	competition	competition	NOUN
fbem-18291	437	97	.	.	PUNCT
fbem-18291	438	1	finally	finally	ADV
fbem-18291	438	2	,	,	PUNCT
fbem-18291	438	3	fintech	fintech	NOUN
fbem-18291	438	4	companies	company	NOUN
fbem-18291	438	5	should	should	AUX
fbem-18291	438	6	take	take	VERB
fbem-18291	438	7	the	the	DET
fbem-18291	438	8	initiative	initiative	NOUN
fbem-18291	438	9	to	to	PART
fbem-18291	438	10	cater	cater	VERB
fbem-18291	438	11	for	for	ADP
fbem-18291	438	12	the	the	DET
fbem-18291	438	13	development	development	NOUN
fbem-18291	438	14	direction	direction	NOUN
fbem-18291	438	15	of	of	ADP
fbem-18291	438	16	commercial	commercial	ADJ
fbem-18291	438	17	banks	bank	NOUN
fbem-18291	438	18	.	.	PUNCT
fbem-18291	439	1	along	along	ADP
fbem-18291	439	2	with	with	ADP
fbem-18291	439	3	the	the	DET
fbem-18291	439	4	frequent	frequent	ADJ
fbem-18291	439	5	occurrence	occurrence	NOUN
fbem-18291	439	6	of	of	ADP
fbem-18291	439	7	illegal	illegal	ADJ
fbem-18291	439	8	fund	fund	NOUN
fbem-18291	439	9	-	-	PUNCT
fbem-18291	439	10	raising	raising	NOUN
fbem-18291	439	11	by	by	ADP
fbem-18291	439	12	domestic	domestic	ADJ
fbem-18291	439	13	fintech	fintech	NOUN
fbem-18291	439	14	companies	company	NOUN
fbem-18291	439	15	in	in	ADP
fbem-18291	439	16	china	china	PROPN
fbem-18291	439	17	,	,	PUNCT
fbem-18291	439	18	the	the	DET
fbem-18291	439	19	government	government	NOUN
fbem-18291	439	20	's	's	PART
fbem-18291	439	21	regulation	regulation	NOUN
fbem-18291	439	22	of	of	ADP
fbem-18291	439	23	fintech	fintech	NOUN
fbem-18291	439	24	has	have	AUX
fbem-18291	439	25	gradually	gradually	ADV
fbem-18291	439	26	deepened	deepen	VERB
fbem-18291	439	27	,	,	PUNCT
fbem-18291	439	28	i.e.	i.e.	X
fbem-18291	439	29	,	,	PUNCT
fbem-18291	439	30	the	the	DET
fbem-18291	439	31	development	development	NOUN
fbem-18291	439	32	of	of	ADP
fbem-18291	439	33	fintech	fintech	NOUN
fbem-18291	439	34	companies	company	NOUN
fbem-18291	439	35	has	have	AUX
fbem-18291	439	36	been	be	AUX
fbem-18291	439	37	subject	subject	ADJ
fbem-18291	439	38	to	to	ADP
fbem-18291	439	39	more	more	ADJ
fbem-18291	439	40	and	and	CCONJ
fbem-18291	439	41	more	more	ADJ
fbem-18291	439	42	control	control	NOUN
fbem-18291	439	43	and	and	CCONJ
fbem-18291	439	44	their	their	PRON
fbem-18291	439	45	authority	authority	NOUN
fbem-18291	439	46	has	have	AUX
fbem-18291	439	47	been	be	AUX
fbem-18291	439	48	restricted	restrict	VERB
fbem-18291	439	49	.	.	PUNCT
fbem-18291	440	1	the	the	DET
fbem-18291	440	2	government	government	NOUN
fbem-18291	440	3	requires	require	VERB
fbem-18291	440	4	fintech	fintech	NOUN
fbem-18291	440	5	companies	company	NOUN
fbem-18291	440	6	to	to	PART
fbem-18291	440	7	increase	increase	VERB
fbem-18291	440	8	cooperation	cooperation	NOUN
fbem-18291	440	9	with	with	ADP
fbem-18291	440	10	commercial	commercial	ADJ
fbem-18291	440	11	banks	bank	NOUN
fbem-18291	440	12	and	and	CCONJ
fbem-18291	440	13	give	give	VERB
fbem-18291	440	14	them	they	PRON
fbem-18291	440	15	maximum	maximum	ADJ
fbem-18291	440	16	support	support	NOUN
fbem-18291	440	17	in	in	ADP
fbem-18291	440	18	capital	capital	NOUN
fbem-18291	440	19	collection	collection	NOUN
fbem-18291	440	20	and	and	CCONJ
fbem-18291	440	21	basic	basic	ADJ
fbem-18291	440	22	information	information	NOUN
fbem-18291	440	23	collection	collection	NOUN
fbem-18291	440	24	,	,	PUNCT
fbem-18291	440	25	298	298	NUM
fbem-18291	440	26	not	not	PART
fbem-18291	440	27	only	only	ADV
fbem-18291	440	28	to	to	PART
fbem-18291	440	29	protect	protect	VERB
fbem-18291	440	30	the	the	DET
fbem-18291	440	31	stable	stable	ADJ
fbem-18291	440	32	operation	operation	NOUN
fbem-18291	440	33	of	of	ADP
fbem-18291	440	34	traditional	traditional	ADJ
fbem-18291	440	35	commercial	commercial	ADJ
fbem-18291	440	36	banks	bank	NOUN
fbem-18291	440	37	,	,	PUNCT
fbem-18291	440	38	but	but	CCONJ
fbem-18291	440	39	also	also	ADV
fbem-18291	440	40	to	to	PART
fbem-18291	440	41	ensure	ensure	VERB
fbem-18291	440	42	the	the	DET
fbem-18291	440	43	stability	stability	NOUN
fbem-18291	440	44	of	of	ADP
fbem-18291	440	45	the	the	DET
fbem-18291	440	46	financial	financial	ADJ
fbem-18291	440	47	system	system	NOUN
fbem-18291	440	48	.	.	PUNCT
fbem-18291	441	1	therefore	therefore	ADV
fbem-18291	441	2	,	,	PUNCT
fbem-18291	441	3	fintech	fintech	NOUN
fbem-18291	441	4	companies	company	NOUN
fbem-18291	441	5	should	should	AUX
fbem-18291	441	6	endeavour	endeavour	VERB
fbem-18291	441	7	to	to	PART
fbem-18291	441	8	cooperate	cooperate	VERB
fbem-18291	441	9	with	with	ADP
fbem-18291	441	10	commercial	commercial	ADJ
fbem-18291	441	11	banks	bank	NOUN
fbem-18291	441	12	,	,	PUNCT
fbem-18291	441	13	clarify	clarify	VERB
fbem-18291	441	14	their	their	PRON
fbem-18291	441	15	own	own	ADJ
fbem-18291	441	16	positioning	positioning	NOUN
fbem-18291	441	17	,	,	PUNCT
fbem-18291	441	18	and	and	CCONJ
fbem-18291	441	19	operate	operate	VERB
fbem-18291	441	20	steadily	steadily	ADV
fbem-18291	441	21	in	in	ADP
fbem-18291	441	22	compliance	compliance	NOUN
fbem-18291	441	23	with	with	ADP
fbem-18291	441	24	national	national	ADJ
fbem-18291	441	25	laws	law	NOUN
fbem-18291	441	26	and	and	CCONJ
fbem-18291	441	27	regulations	regulation	NOUN
fbem-18291	441	28	in	in	ADP
fbem-18291	441	29	order	order	NOUN
fbem-18291	441	30	to	to	PART
fbem-18291	441	31	seek	seek	VERB
fbem-18291	441	32	longer	long	ADJ
fbem-18291	441	33	-	-	PUNCT
fbem-18291	441	34	term	term	NOUN
fbem-18291	441	35	development	development	NOUN
fbem-18291	441	36	.	.	PUNCT
fbem-18291	442	1	word	word	NOUN
fbem-18291	442	2	count	count	NOUN
fbem-18291	442	3	:	:	PUNCT
fbem-18291	442	4	14,694	14,694	NUM
fbem-18291	442	5	words	word	NOUN
fbem-18291	442	6	references	reference	NOUN
fbem-18291	442	7	[	[	X
fbem-18291	442	8	1	1	NUM
fbem-18291	442	9	]	]	PUNCT
fbem-18291	442	10	albertyn	albertyn	NOUN
fbem-18291	442	11	,	,	PUNCT
fbem-18291	442	12	n.	n.	NOUN
fbem-18291	442	13	(	(	PUNCT
fbem-18291	442	14	2020	2020	NUM
fbem-18291	442	15	)	)	PUNCT
fbem-18291	442	16	.	.	PUNCT
fbem-18291	443	1	no	no	DET
fbem-18291	443	2	branch	branch	NOUN
fbem-18291	443	3	?	?	PUNCT
fbem-18291	444	1	no	no	DET
fbem-18291	444	2	problem	problem	NOUN
fbem-18291	444	3	.	.	PUNCT
fbem-18291	445	1	technology	technology	NOUN
fbem-18291	445	2	brings	bring	VERB
fbem-18291	445	3	banking	banking	NOUN
fbem-18291	445	4	to	to	ADP
fbem-18291	445	5	rural	rural	ADJ
fbem-18291	445	6	businesses	business	NOUN
fbem-18291	445	7	.	.	PUNCT
fbem-18291	446	1	[	[	X
fbem-18291	446	2	online	online	X
fbem-18291	446	3	]	]	X
fbem-18291	446	4	finastra	finastra	PROPN
fbem-18291	446	5	.	.	PUNCT
fbem-18291	446	6	available	available	ADJ
fbem-18291	446	7	at	at	ADP
fbem-18291	446	8	:	:	PUNCT
fbem-18291	446	9	https://www.finastra.com/viewpoints/articles/no-branchno-problem-technology-brings-banking-rural-businesses	https://www.finastra.com/viewpoints/articles/no-branchno-problem-technology-brings-banking-rural-businesse	NOUN
fbem-18291	446	10	.	.	PUNCT
fbem-18291	447	1	[	[	X
fbem-18291	447	2	2	2	X
fbem-18291	447	3	]	]	PUNCT
fbem-18291	447	4	aleksandra	aleksandra	PROPN
fbem-18291	447	5	žuk	žuk	PROPN
fbem-18291	447	6	-	-	PUNCT
fbem-18291	447	7	butkuvienė	butkuvienė	PROPN
fbem-18291	447	8	,	,	PUNCT
fbem-18291	447	9	dalia	dalia	PROPN
fbem-18291	447	10	vaitulevičienė	vaitulevičienė	PROPN
fbem-18291	447	11	and	and	CCONJ
fbem-18291	447	12	julija	julija	PROPN
fbem-18291	447	13	staroselskaja	staroselskaja	NOUN
fbem-18291	447	14	(	(	PUNCT
fbem-18291	447	15	2014	2014	NUM
fbem-18291	447	16	)	)	PUNCT
fbem-18291	447	17	“	"	PUNCT
fbem-18291	447	18	capital	capital	NOUN
fbem-18291	447	19	adequacy	adequacy	NOUN
fbem-18291	447	20	(	(	PUNCT
fbem-18291	447	21	solvency	solvency	NOUN
fbem-18291	447	22	)	)	PUNCT
fbem-18291	447	23	and	and	CCONJ
fbem-18291	447	24	liquidity	liquidity	NOUN
fbem-18291	447	25	risk	risk	NOUN
fbem-18291	447	26	management	management	NOUN
fbem-18291	447	27	:	:	PUNCT
fbem-18291	447	28	analysis	analysis	NOUN
fbem-18291	447	29	,	,	PUNCT
fbem-18291	447	30	evaluation	evaluation	NOUN
fbem-18291	447	31	,	,	PUNCT
fbem-18291	447	32	and	and	CCONJ
fbem-18291	447	33	possibilities	possibility	NOUN
fbem-18291	447	34	for	for	ADP
fbem-18291	447	35	improvement	improvement	NOUN
fbem-18291	447	36	,	,	PUNCT
fbem-18291	447	37	”	"	PUNCT
fbem-18291	447	38	93(2	93(2	NOUN
fbem-18291	447	39	)	)	PUNCT
fbem-18291	447	40	.	.	PUNCT
fbem-18291	448	1	doi	doi	NOUN
fbem-18291	448	2	:	:	PUNCT
fbem-18291	448	3	10.15388	10.15388	NUM
fbem-18291	448	4	/	/	SYM
fbem-18291	448	5	ekon.2014.2.3546	ekon.2014.2.3546	PROPN
fbem-18291	448	6	.	.	PUNCT
fbem-18291	449	1	[	[	X
fbem-18291	449	2	3	3	NUM
fbem-18291	449	3	]	]	PUNCT
fbem-18291	449	4	almazari	almazari	NOUN
fbem-18291	449	5	,	,	PUNCT
fbem-18291	449	6	a.	a.	NOUN
fbem-18291	449	7	a.	a.	PROPN
fbem-18291	449	8	k.	k.	PROPN
fbem-18291	449	9	,	,	PUNCT
fbem-18291	449	10	&	&	CCONJ
fbem-18291	449	11	siam	siam	PROPN
fbem-18291	449	12	,	,	PUNCT
fbem-18291	449	13	a.	a.	PROPN
fbem-18291	449	14	z.	z.	PROPN
fbem-18291	449	15	(	(	PUNCT
fbem-18291	449	16	2008	2008	NUM
fbem-18291	449	17	)	)	PUNCT
fbem-18291	449	18	.	.	PUNCT
fbem-18291	450	1	e	e	X
fbem-18291	450	2	-	-	NOUN
fbem-18291	450	3	banking	banking	NOUN
fbem-18291	450	4	:	:	PUNCT
fbem-18291	450	5	an	an	DET
fbem-18291	450	6	empirical	empirical	ADJ
fbem-18291	450	7	study	study	NOUN
fbem-18291	450	8	on	on	ADP
fbem-18291	450	9	the	the	DET
fbem-18291	450	10	jordanian	jordanian	ADJ
fbem-18291	450	11	commercial	commercial	ADJ
fbem-18291	450	12	banks	bank	NOUN
fbem-18291	450	13	.	.	PUNCT
fbem-18291	451	1	economics	economic	NOUN
fbem-18291	451	2	and	and	CCONJ
fbem-18291	451	3	administration	administration	NOUN
fbem-18291	451	4	,	,	PUNCT
fbem-18291	451	5	22(2	22(2	NUM
fbem-18291	451	6	)	)	PUNCT
fbem-18291	451	7	.	.	PUNCT
fbem-18291	452	1	[	[	X
fbem-18291	452	2	4	4	NUM
fbem-18291	452	3	]	]	X
fbem-18291	452	4	arif	arif	PROPN
fbem-18291	452	5	,	,	PUNCT
fbem-18291	452	6	a.	a.	PROPN
fbem-18291	452	7	and	and	CCONJ
fbem-18291	452	8	nauman	nauman	PROPN
fbem-18291	452	9	anees	anees	PROPN
fbem-18291	452	10	,	,	PUNCT
fbem-18291	452	11	a.	a.	NOUN
fbem-18291	452	12	(	(	PUNCT
fbem-18291	452	13	2012	2012	NUM
fbem-18291	452	14	)	)	PUNCT
fbem-18291	452	15	,	,	PUNCT
fbem-18291	452	16	"	"	PUNCT
fbem-18291	452	17	liquidity	liquidity	NOUN
fbem-18291	452	18	risk	risk	NOUN
fbem-18291	452	19	and	and	CCONJ
fbem-18291	452	20	performance	performance	NOUN
fbem-18291	452	21	of	of	ADP
fbem-18291	452	22	banking	banking	NOUN
fbem-18291	452	23	system	system	NOUN
fbem-18291	452	24	"	"	PUNCT
fbem-18291	452	25	,	,	PUNCT
fbem-18291	452	26	journal	journal	NOUN
fbem-18291	452	27	of	of	ADP
fbem-18291	452	28	financial	financial	ADJ
fbem-18291	452	29	regulation	regulation	NOUN
fbem-18291	452	30	and	and	CCONJ
fbem-18291	452	31	compliance	compliance	NOUN
fbem-18291	452	32	,	,	PUNCT
fbem-18291	452	33	vol	vol	NOUN
fbem-18291	452	34	.	.	PROPN
fbem-18291	452	35	20	20	NUM
fbem-18291	452	36	no	no	NOUN
fbem-18291	452	37	.	.	NOUN
fbem-18291	452	38	2	2	NUM
fbem-18291	452	39	,	,	PUNCT
fbem-18291	452	40	pp	pp	ADJ
fbem-18291	452	41	.	.	PUNCT
fbem-18291	453	1	182	182	NUM
fbem-18291	453	2	-	-	SYM
fbem-18291	453	3	195	195	NUM
fbem-18291	453	4	.	.	PUNCT
fbem-18291	454	1	https://doi.org/10.1108/13581981211218342	https://doi.org/10.1108/13581981211218342	NOUN
fbem-18291	454	2	[	[	X
fbem-18291	454	3	5	5	NUM
fbem-18291	454	4	]	]	PUNCT
fbem-18291	454	5	askitas	askita	NOUN
fbem-18291	454	6	,	,	PUNCT
fbem-18291	454	7	n.	n.	NOUN
fbem-18291	454	8	,	,	PUNCT
fbem-18291	454	9	&	&	CCONJ
fbem-18291	454	10	zimmermann	zimmermann	PROPN
fbem-18291	454	11	,	,	PUNCT
fbem-18291	454	12	k.f	k.f	PROPN
fbem-18291	454	13	.	.	PROPN
fbem-18291	454	14	(	(	PUNCT
fbem-18291	454	15	2009	2009	NUM
fbem-18291	454	16	)	)	PUNCT
fbem-18291	454	17	.	.	PUNCT
fbem-18291	455	1	google	google	PROPN
fbem-18291	455	2	econometrics	econometric	NOUN
fbem-18291	455	3	and	and	CCONJ
fbem-18291	455	4	unemployment	unemployment	NOUN
fbem-18291	455	5	forecasting	forecasting	NOUN
fbem-18291	455	6	.	.	PUNCT
fbem-18291	456	1	discussion	discussion	NOUN
fbem-18291	456	2	papers	paper	NOUN
fbem-18291	456	3	of	of	ADP
fbem-18291	456	4	diw	diw	PROPN
fbem-18291	456	5	berlin	berlin	PROPN
fbem-18291	456	6	,	,	PUNCT
fbem-18291	456	7	55(2	55(2	NUM
fbem-18291	456	8	)	)	PUNCT
fbem-18291	456	9	,	,	PUNCT
fbem-18291	456	10	107	107	NUM
fbem-18291	456	11	-	-	SYM
fbem-18291	456	12	120	120	NUM
fbem-18291	456	13	.	.	PUNCT
fbem-18291	457	1	[	[	X
fbem-18291	457	2	6	6	NUM
fbem-18291	457	3	]	]	PUNCT
fbem-18291	457	4	ba	ba	PROPN
fbem-18291	457	5	,	,	PUNCT
fbem-18291	457	6	s.	s.	PROPN
fbem-18291	457	7	(	(	PUNCT
fbem-18291	457	8	2021	2021	NUM
fbem-18291	457	9	)	)	PUNCT
fbem-18291	457	10	.	.	PUNCT
fbem-18291	458	1	financial	financial	ADJ
fbem-18291	458	2	structure	structure	NOUN
fbem-18291	458	3	improvement	improvement	NOUN
fbem-18291	458	4	and	and	CCONJ
fbem-18291	458	5	real	real	ADJ
fbem-18291	458	6	economy	economy	NOUN
fbem-18291	458	7	growth	growth	NOUN
fbem-18291	458	8	in	in	ADP
fbem-18291	458	9	the	the	DET
fbem-18291	458	10	context	context	NOUN
fbem-18291	458	11	of	of	ADP
fbem-18291	458	12	fintech	fintech	NOUN
fbem-18291	458	13	.	.	PUNCT
fbem-18291	459	1	[	[	X
fbem-18291	459	2	online	online	X
fbem-18291	459	3	]	]	X
fbem-18291	459	4	www.aisixiang.com	www.aisixiang.com	PROPN
fbem-18291	459	5	.	.	PROPN
fbem-18291	459	6	available	available	ADJ
fbem-18291	459	7	at	at	ADP
fbem-18291	459	8	:	:	PUNCT
fbem-18291	459	9	https://www.aisixiang.com/data/124417.html	https://www.aisixiang.com/data/124417.html	PROPN
fbem-18291	459	10	[	[	AUX
fbem-18291	459	11	accessed	access	VERB
fbem-18291	459	12	9	9	NUM
fbem-18291	459	13	sep	sep	NOUN
fbem-18291	459	14	.	.	PUNCT
fbem-18291	459	15	2023	2023	NUM
fbem-18291	459	16	]	]	PUNCT
fbem-18291	459	17	.	.	PUNCT
fbem-18291	460	1	[	[	X
fbem-18291	460	2	7	7	NUM
fbem-18291	460	3	]	]	X
fbem-18291	460	4	becker	becker	NOUN
fbem-18291	460	5	,	,	PUNCT
fbem-18291	460	6	m.	m.	NOUN
fbem-18291	460	7	,	,	PUNCT
fbem-18291	460	8	&	&	CCONJ
fbem-18291	460	9	collins	collins	PROPN
fbem-18291	460	10	,	,	PUNCT
fbem-18291	460	11	m.	m.	NOUN
fbem-18291	460	12	(	(	PUNCT
fbem-18291	460	13	1999	1999	NUM
fbem-18291	460	14	)	)	PUNCT
fbem-18291	460	15	.	.	PUNCT
fbem-18291	461	1	"	"	PUNCT
fbem-18291	461	2	financial	financial	ADJ
fbem-18291	461	3	crisis	crisis	NOUN
fbem-18291	461	4	and	and	CCONJ
fbem-18291	461	5	structural	structural	ADJ
fbem-18291	461	6	changes	change	NOUN
fbem-18291	461	7	in	in	ADP
fbem-18291	461	8	british	british	ADJ
fbem-18291	461	9	commercial	commercial	ADJ
fbem-18291	461	10	bank	bank	NOUN
fbem-18291	461	11	assets	asset	NOUN
fbem-18291	461	12	from	from	ADP
fbem-18291	461	13	1860	1860	NUM
fbem-18291	461	14	to	to	ADP
fbem-18291	461	15	1913	1913	NUM
fbem-18291	461	16	.	.	PUNCT
fbem-18291	461	17	"	"	PUNCT
fbem-18291	462	1	economic	economic	ADJ
fbem-18291	462	2	history	history	NOUN
fbem-18291	462	3	exploration	exploration	NOUN
fbem-18291	462	4	,	,	PUNCT
fbem-18291	462	5	36(4	36(4	NUM
fbem-18291	462	6	)	)	PUNCT
fbem-18291	462	7	.	.	PUNCT
fbem-18291	463	1	doi	doi	NOUN
fbem-18291	463	2	:	:	PUNCT
fbem-18291	463	3	10.1006	10.1006	NUM
fbem-18291	463	4	/	/	SYM
fbem-18291	463	5	exeh.1999.0727	exeh.1999.0727	NOUN
fbem-18291	463	6	.	.	PUNCT
fbem-18291	464	1	[	[	X
fbem-18291	464	2	8	8	NUM
fbem-18291	464	3	]	]	SYM
fbem-18291	464	4	berger	berger	NOUN
fbem-18291	464	5	,	,	PUNCT
fbem-18291	464	6	a.	a.	PROPN
fbem-18291	464	7	n.	n.	PROPN
fbem-18291	464	8	,	,	PUNCT
fbem-18291	464	9	&	&	CCONJ
fbem-18291	464	10	bouwman	bouwman	PROPN
fbem-18291	464	11	,	,	PUNCT
fbem-18291	464	12	c.	c.	PROPN
fbem-18291	464	13	(	(	PUNCT
fbem-18291	464	14	2017	2017	NUM
fbem-18291	464	15	)	)	PUNCT
fbem-18291	464	16	.	.	PUNCT
fbem-18291	465	1	bank	bank	NOUN
fbem-18291	465	2	liquidity	liquidity	NOUN
fbem-18291	465	3	creation	creation	NOUN
fbem-18291	465	4	,	,	PUNCT
fbem-18291	465	5	monetary	monetary	ADJ
fbem-18291	465	6	policy	policy	NOUN
fbem-18291	465	7	,	,	PUNCT
fbem-18291	465	8	and	and	CCONJ
fbem-18291	465	9	financial	financial	ADJ
fbem-18291	465	10	crises	crisis	NOUN
fbem-18291	465	11	.	.	PUNCT
fbem-18291	466	1	journal	journal	NOUN
fbem-18291	466	2	of	of	ADP
fbem-18291	466	3	financial	financial	ADJ
fbem-18291	466	4	stability	stability	NOUN
fbem-18291	466	5	,	,	PUNCT
fbem-18291	466	6	30	30	NUM
fbem-18291	466	7	,	,	PUNCT
fbem-18291	466	8	139	139	NUM
fbem-18291	466	9	-	-	SYM
fbem-18291	466	10	155	155	NUM
fbem-18291	466	11	.	.	PUNCT
fbem-18291	467	1	[	[	X
fbem-18291	467	2	9	9	NUM
fbem-18291	467	3	]	]	SYM
fbem-18291	467	4	buchak	buchak	NOUN
fbem-18291	467	5	,	,	PUNCT
fbem-18291	467	6	g.	g.	PROPN
fbem-18291	467	7	,	,	PUNCT
fbem-18291	467	8	matvos	matvos	PROPN
fbem-18291	467	9	,	,	PUNCT
fbem-18291	467	10	g.	g.	NOUN
fbem-18291	467	11	,	,	PUNCT
fbem-18291	467	12	piskorski	piskorski	NOUN
fbem-18291	467	13	,	,	PUNCT
fbem-18291	467	14	t.	t.	PROPN
fbem-18291	467	15	,	,	PUNCT
fbem-18291	467	16	et	et	PROPN
fbem-18291	467	17	al	al	PROPN
fbem-18291	467	18	.	.	PUNCT
fbem-18291	468	1	(	(	PUNCT
fbem-18291	468	2	2018	2018	NUM
fbem-18291	468	3	)	)	PUNCT
fbem-18291	468	4	.	.	PUNCT
fbem-18291	469	1	fintech	fintech	NOUN
fbem-18291	469	2	,	,	PUNCT
fbem-18291	469	3	regulatory	regulatory	ADJ
fbem-18291	469	4	arbitrage	arbitrage	NOUN
fbem-18291	469	5	,	,	PUNCT
fbem-18291	469	6	and	and	CCONJ
fbem-18291	469	7	the	the	DET
fbem-18291	469	8	rise	rise	NOUN
fbem-18291	469	9	of	of	ADP
fbem-18291	469	10	shadow	shadow	NOUN
fbem-18291	469	11	banks	bank	NOUN
fbem-18291	469	12	.	.	PUNCT
fbem-18291	470	1	journal	journal	PROPN
fbem-18291	470	2	of	of	ADP
fbem-18291	470	3	financial	financial	ADJ
fbem-18291	470	4	economics	economic	NOUN
fbem-18291	470	5	,	,	PUNCT
fbem-18291	470	6	130(3	130(3	NUM
fbem-18291	470	7	)	)	PUNCT
fbem-18291	470	8	,	,	PUNCT
fbem-18291	470	9	453	453	NUM
fbem-18291	470	10	-	-	SYM
fbem-18291	470	11	483	483	NUM
fbem-18291	470	12	.	.	PUNCT
fbem-18291	471	1	[	[	X
fbem-18291	471	2	10	10	NUM
fbem-18291	471	3	]	]	PUNCT
fbem-18291	471	4	bunea	bunea	NOUN
fbem-18291	471	5	,	,	PUNCT
fbem-18291	471	6	s.	s.	PROPN
fbem-18291	471	7	,	,	PUNCT
fbem-18291	471	8	kogan	kogan	PROPN
fbem-18291	471	9	,	,	PUNCT
fbem-18291	471	10	b.	b.	PROPN
fbem-18291	471	11	,	,	PUNCT
fbem-18291	471	12	&	&	CCONJ
fbem-18291	471	13	stolin	stolin	PROPN
fbem-18291	471	14	,	,	PUNCT
fbem-18291	471	15	d.	d.	PROPN
fbem-18291	471	16	(	(	PUNCT
fbem-18291	471	17	2016	2016	NUM
fbem-18291	471	18	)	)	PUNCT
fbem-18291	471	19	.	.	PUNCT
fbem-18291	472	1	banks	bank	NOUN
fbem-18291	472	2	vs	vs	ADP
fbem-18291	472	3	fintech	fintech	NOUN
fbem-18291	472	4	:	:	PUNCT
fbem-18291	472	5	at	at	ADP
fbem-18291	472	6	last	last	ADV
fbem-18291	472	7	,	,	PUNCT
fbem-18291	472	8	it	it	PRON
fbem-18291	472	9	’s	’	VERB
fbem-18291	472	10	official	official	ADJ
fbem-18291	472	11	.	.	PUNCT
fbem-18291	473	1	journal	journal	PROPN
fbem-18291	473	2	of	of	ADP
fbem-18291	473	3	financial	financial	ADJ
fbem-18291	473	4	transformation	transformation	NOUN
fbem-18291	473	5	,	,	PUNCT
fbem-18291	473	6	44	44	NUM
fbem-18291	473	7	,	,	PUNCT
fbem-18291	473	8	122131	122131	NUM
fbem-18291	474	1	[	[	X
fbem-18291	474	2	11	11	NUM
fbem-18291	474	3	]	]	X
fbem-18291	474	4	cfi	cfi	NOUN
fbem-18291	474	5	team	team	NOUN
fbem-18291	474	6	(	(	PUNCT
fbem-18291	474	7	2020	2020	NUM
fbem-18291	474	8	)	)	PUNCT
fbem-18291	474	9	.	.	PUNCT
fbem-18291	475	1	net	net	ADJ
fbem-18291	475	2	interest	interest	NOUN
fbem-18291	475	3	margin	margin	NOUN
fbem-18291	475	4	.	.	PUNCT
fbem-18291	476	1	[	[	X
fbem-18291	476	2	online	online	X
fbem-18291	476	3	]	]	X
fbem-18291	476	4	corporate	corporate	ADJ
fbem-18291	476	5	finance	finance	NOUN
fbem-18291	476	6	institute	institute	NOUN
fbem-18291	476	7	.	.	PUNCT
fbem-18291	477	1	available	available	ADJ
fbem-18291	477	2	at	at	ADP
fbem-18291	477	3	:	:	PUNCT
fbem-18291	477	4	https://corporatefinanceinstitute.com/resources/accounting/net	https://corporatefinanceinstitute.com/resources/accounting/net	PROPN
fbem-18291	477	5	-interest	-interest	PROPN
fbem-18291	477	6	-	-	PUNCT
fbem-18291	477	7	margin/.	margin/.	PROPN
fbem-18291	478	1	[	[	X
fbem-18291	478	2	12	12	NUM
fbem-18291	478	3	]	]	X
fbem-18291	478	4	cheng	cheng	PROPN
fbem-18291	478	5	,	,	PUNCT
fbem-18291	478	6	m.	m.	NOUN
fbem-18291	478	7	,	,	PUNCT
fbem-18291	478	8	&	&	CCONJ
fbem-18291	478	9	qu	qu	PROPN
fbem-18291	478	10	,	,	PUNCT
fbem-18291	478	11	y.	y.	PROPN
fbem-18291	478	12	(	(	PUNCT
fbem-18291	478	13	2020	2020	NUM
fbem-18291	478	14	)	)	PUNCT
fbem-18291	478	15	.	.	PUNCT
fbem-18291	479	1	does	do	AUX
fbem-18291	479	2	bank	bank	NOUN
fbem-18291	479	3	fintech	fintech	NOUN
fbem-18291	479	4	reduce	reduce	VERB
fbem-18291	479	5	credit	credit	NOUN
fbem-18291	479	6	risk	risk	NOUN
fbem-18291	479	7	?	?	PUNCT
fbem-18291	480	1	evidence	evidence	NOUN
fbem-18291	480	2	from	from	ADP
fbem-18291	480	3	china	china	PROPN
fbem-18291	480	4	.	.	PUNCT
fbem-18291	481	1	pacific	pacific	ADJ
fbem-18291	481	2	-	-	PUNCT
fbem-18291	481	3	basin	basin	NOUN
fbem-18291	481	4	finance	finance	NOUN
fbem-18291	481	5	journal	journal	NOUN
fbem-18291	481	6	,	,	PUNCT
fbem-18291	481	7	63	63	NUM
fbem-18291	481	8	,	,	PUNCT
fbem-18291	481	9	101398	101398	NUM
fbem-18291	481	10	[	[	SYM
fbem-18291	481	11	13	13	NUM
fbem-18291	481	12	]	]	X
fbem-18291	481	13	china	china	PROPN
fbem-18291	481	14	banking	banking	PROPN
fbem-18291	481	15	and	and	CCONJ
fbem-18291	481	16	insurance	insurance	NOUN
fbem-18291	481	17	regulatory	regulatory	ADJ
fbem-18291	481	18	commission	commission	NOUN
fbem-18291	481	19	general	general	ADJ
fbem-18291	481	20	office	office	NOUN
fbem-18291	481	21	(	(	PUNCT
fbem-18291	481	22	2022	2022	NUM
fbem-18291	481	23	)	)	PUNCT
fbem-18291	481	24	.	.	PUNCT
fbem-18291	482	1	notice	notice	NOUN
fbem-18291	482	2	of	of	ADP
fbem-18291	482	3	the	the	DET
fbem-18291	482	4	general	general	ADJ
fbem-18291	482	5	office	office	NOUN
fbem-18291	482	6	of	of	ADP
fbem-18291	482	7	the	the	DET
fbem-18291	482	8	china	china	PROPN
fbem-18291	482	9	banking	banking	PROPN
fbem-18291	482	10	and	and	CCONJ
fbem-18291	482	11	insurance	insurance	NOUN
fbem-18291	482	12	regulatory	regulatory	ADJ
fbem-18291	482	13	commission	commission	NOUN
fbem-18291	482	14	on	on	ADP
fbem-18291	482	15	further	far	ADV
fbem-18291	482	16	improving	improve	VERB
fbem-18291	482	17	financial	financial	ADJ
fbem-18291	482	18	services	service	NOUN
fbem-18291	482	19	for	for	ADP
fbem-18291	482	20	enterprises	enterprise	NOUN
fbem-18291	482	21	in	in	ADP
fbem-18291	482	22	difficult	difficult	ADJ
fbem-18291	482	23	industries	industry	NOUN
fbem-18291	482	24	affected	affect	VERB
fbem-18291	482	25	by	by	ADP
fbem-18291	482	26	the	the	DET
fbem-18291	482	27	epidemic	epidemic	NOUN
fbem-18291	482	28	.	.	PUNCT
fbem-18291	483	1	[	[	X
fbem-18291	483	2	online	online	X
fbem-18291	483	3	]	]	X
fbem-18291	483	4	www.gov.cn	www.gov.cn	X
fbem-18291	483	5	.	.	X
fbem-18291	483	6	available	available	ADJ
fbem-18291	483	7	at	at	ADP
fbem-18291	483	8	:	:	PUNCT
fbem-18291	483	9	https://www.gov.cn/zhengce/zhengceku/202206/03/content_5693848.htm	https://www.gov.cn/zhengce/zhengceku/202206/03/content_5693848.htm	X
fbem-18291	484	1	[	[	X
fbem-18291	484	2	accessed	access	VERB
fbem-18291	484	3	25	25	NUM
fbem-18291	484	4	aug	aug	NOUN
fbem-18291	484	5	.	.	PROPN
fbem-18291	484	6	2023	2023	NUM
fbem-18291	484	7	]	]	PUNCT
fbem-18291	484	8	.	.	PUNCT
fbem-18291	485	1	[	[	X
fbem-18291	485	2	14	14	NUM
fbem-18291	485	3	]	]	X
fbem-18291	485	4	china	china	PROPN
fbem-18291	485	5	business	business	PROPN
fbem-18291	485	6	network	network	NOUN
fbem-18291	485	7	(	(	PUNCT
fbem-18291	485	8	2023	2023	NUM
fbem-18291	485	9	)	)	PUNCT
fbem-18291	485	10	.	.	PUNCT
fbem-18291	486	1	2023	2023	NUM
fbem-18291	486	2	new	new	ADJ
fbem-18291	486	3	first	first	ADJ
fbem-18291	486	4	-	-	PUNCT
fbem-18291	486	5	tier	tier	NOUN
fbem-18291	486	6	city	city	NOUN
fbem-18291	486	7	list	list	NOUN
fbem-18291	486	8	official	official	ADJ
fbem-18291	486	9	announcement	announcement	NOUN
fbem-18291	486	10	:	:	PUNCT
fbem-18291	486	11	kunming	kunming	NOUN
fbem-18291	486	12	returned	return	VERB
fbem-18291	486	13	,	,	PUNCT
fbem-18291	486	14	qingdao	qingdao	PROPN
fbem-18291	486	15	rose	rise	VERB
fbem-18291	486	16	,	,	PUNCT
fbem-18291	486	17	northern	northern	ADJ
fbem-18291	486	18	cities	city	NOUN
fbem-18291	486	19	accounted	account	VERB
fbem-18291	486	20	for	for	ADP
fbem-18291	486	21	only	only	ADV
fbem-18291	486	22	four	four	NUM
fbem-18291	486	23	seats	seat	NOUN
fbem-18291	486	24	.	.	PUNCT
fbem-18291	487	1	[	[	X
fbem-18291	487	2	online	online	X
fbem-18291	487	3	]	]	X
fbem-18291	487	4	news.cctv.com	news.cctv.com	PROPN
fbem-18291	487	5	.	.	PUNCT
fbem-18291	488	1	available	available	ADJ
fbem-18291	488	2	at	at	ADP
fbem-18291	488	3	:	:	PUNCT
fbem-18291	488	4	https://news.cctv.com/2023/05/30/arti5kyahuzgbygh08l	https://news.cctv.com/2023/05/30/arti5kyahuzgbygh08l	NOUN
fbem-18291	488	5	upeq4230530.shtml	upeq4230530.shtml	NOUN
fbem-18291	489	1	[	[	X
fbem-18291	489	2	accessed	access	VERB
fbem-18291	489	3	6	6	NUM
fbem-18291	489	4	aug	aug	NOUN
fbem-18291	489	5	.	.	PROPN
fbem-18291	489	6	2023	2023	NUM
fbem-18291	489	7	]	]	PUNCT
fbem-18291	489	8	.	.	PUNCT
fbem-18291	490	1	[	[	X
fbem-18291	490	2	15	15	NUM
fbem-18291	490	3	]	]	X
fbem-18291	490	4	diamond	diamond	NOUN
fbem-18291	490	5	,	,	PUNCT
fbem-18291	490	6	d.	d.	PROPN
fbem-18291	490	7	w.	w.	PROPN
fbem-18291	490	8	,	,	PUNCT
fbem-18291	490	9	&	&	CCONJ
fbem-18291	490	10	dybvig	dybvig	PROPN
fbem-18291	490	11	,	,	PUNCT
fbem-18291	490	12	p.	p.	NOUN
fbem-18291	490	13	h.	h.	PROPN
fbem-18291	490	14	(	(	PUNCT
fbem-18291	490	15	1983	1983	NUM
fbem-18291	490	16	)	)	PUNCT
fbem-18291	490	17	.	.	PUNCT
fbem-18291	491	1	bank	bank	NOUN
fbem-18291	491	2	runs	run	NOUN
fbem-18291	491	3	,	,	PUNCT
fbem-18291	491	4	deposit	deposit	NOUN
fbem-18291	491	5	insurance	insurance	NOUN
fbem-18291	491	6	,	,	PUNCT
fbem-18291	491	7	and	and	CCONJ
fbem-18291	491	8	liquidity	liquidity	NOUN
fbem-18291	491	9	.	.	PUNCT
fbem-18291	492	1	journal	journal	NOUN
fbem-18291	492	2	of	of	ADP
fbem-18291	492	3	political	political	ADJ
fbem-18291	492	4	economy	economy	NOUN
fbem-18291	492	5	,	,	PUNCT
fbem-18291	492	6	91(3	91(3	NUM
fbem-18291	492	7	)	)	PUNCT
fbem-18291	492	8	,	,	PUNCT
fbem-18291	492	9	401	401	NUM
fbem-18291	492	10	-	-	SYM
fbem-18291	492	11	419	419	NUM
fbem-18291	492	12	.	.	PUNCT
fbem-18291	493	1	[	[	X
fbem-18291	493	2	16	16	NUM
fbem-18291	493	3	]	]	X
fbem-18291	493	4	fsb	fsb	NOUN
fbem-18291	493	5	.	.	PUNCT
fbem-18291	494	1	(	(	PUNCT
fbem-18291	494	2	2016	2016	NUM
fbem-18291	494	3	)	)	PUNCT
fbem-18291	494	4	.	.	PUNCT
fbem-18291	495	1	"	"	PUNCT
fbem-18291	495	2	describing	describe	VERB
fbem-18291	495	3	the	the	DET
fbem-18291	495	4	landscape	landscape	NOUN
fbem-18291	495	5	and	and	CCONJ
fbem-18291	495	6	a	a	DET
fbem-18291	495	7	framework	framework	NOUN
fbem-18291	495	8	for	for	ADP
fbem-18291	495	9	analysis	analysis	NOUN
fbem-18291	495	10	.	.	PUNCT
fbem-18291	495	11	"	"	PUNCT
fbem-18291	496	1	23	23	NUM
fbem-18291	496	2	-	-	SYM
fbem-18291	496	3	51	51	NUM
fbem-18291	496	4	[	[	X
fbem-18291	496	5	17	17	NUM
fbem-18291	496	6	]	]	X
fbem-18291	496	7	gai	gai	PROPN
fbem-18291	496	8	,	,	PUNCT
fbem-18291	496	9	k.	k.	PROPN
fbem-18291	496	10	,	,	PUNCT
fbem-18291	496	11	qiu	qiu	PROPN
fbem-18291	496	12	,	,	PUNCT
fbem-18291	496	13	m.	m.	NOUN
fbem-18291	496	14	and	and	CCONJ
fbem-18291	496	15	sun	sun	NOUN
fbem-18291	496	16	,	,	PUNCT
fbem-18291	496	17	x.	x.	NOUN
fbem-18291	496	18	(	(	PUNCT
fbem-18291	496	19	2018	2018	NUM
fbem-18291	496	20	)	)	PUNCT
fbem-18291	496	21	.	.	PUNCT
fbem-18291	497	1	a	a	DET
fbem-18291	497	2	survey	survey	NOUN
fbem-18291	497	3	on	on	ADP
fbem-18291	497	4	fintech	fintech	NOUN
fbem-18291	497	5	.	.	PUNCT
fbem-18291	498	1	journal	journal	PROPN
fbem-18291	498	2	of	of	ADP
fbem-18291	498	3	network	network	NOUN
fbem-18291	498	4	and	and	CCONJ
fbem-18291	498	5	computer	computer	NOUN
fbem-18291	498	6	applications	application	NOUN
fbem-18291	498	7	,	,	PUNCT
fbem-18291	498	8	103(1	103(1	NUM
fbem-18291	498	9	)	)	PUNCT
fbem-18291	498	10	,	,	PUNCT
fbem-18291	498	11	pp.262–273	pp.262–273	PROPN
fbem-18291	498	12	.	.	PUNCT
fbem-18291	499	1	doi	doi	PROPN
fbem-18291	499	2	:	:	PUNCT
fbem-18291	499	3	https://doi.org/10.1016	https://doi.org/10.1016	PROPN
fbem-18291	499	4	/	/	SYM
fbem-18291	499	5	j.jnca.2017.10.011	j.jnca.2017.10.011	PROPN
fbem-18291	499	6	.	.	PUNCT
fbem-18291	500	1	[	[	X
fbem-18291	500	2	18	18	NUM
fbem-18291	500	3	]	]	PUNCT
fbem-18291	500	4	galletta	galletta	NOUN
fbem-18291	500	5	,	,	PUNCT
fbem-18291	500	6	s.	s.	PROPN
fbem-18291	500	7	and	and	CCONJ
fbem-18291	500	8	mazzù	mazzù	ADV
fbem-18291	500	9	,	,	PUNCT
fbem-18291	500	10	s.	s.	PROPN
fbem-18291	500	11	(	(	PUNCT
fbem-18291	500	12	2019	2019	NUM
fbem-18291	500	13	)	)	PUNCT
fbem-18291	500	14	.	.	PUNCT
fbem-18291	501	1	liquidity	liquidity	NOUN
fbem-18291	501	2	risk	risk	NOUN
fbem-18291	501	3	drivers	driver	NOUN
fbem-18291	501	4	and	and	CCONJ
fbem-18291	501	5	bank	bank	NOUN
fbem-18291	501	6	business	business	NOUN
fbem-18291	501	7	models	model	NOUN
fbem-18291	501	8	.	.	PUNCT
fbem-18291	502	1	risks	risk	NOUN
fbem-18291	502	2	,	,	PUNCT
fbem-18291	502	3	7(3	7(3	NUM
fbem-18291	502	4	)	)	PUNCT
fbem-18291	502	5	,	,	PUNCT
fbem-18291	503	1	p.89	p.89	NOUN
fbem-18291	503	2	.	.	PUNCT
fbem-18291	503	3	doi	doi	NOUN
fbem-18291	503	4	:	:	PUNCT
fbem-18291	503	5	https://doi.org/10.3390	https://doi.org/10.3390	ADJ
fbem-18291	503	6	/	/	SYM
fbem-18291	503	7	risks7030089	risks7030089	NOUN
fbem-18291	503	8	.	.	PUNCT
fbem-18291	504	1	[	[	X
fbem-18291	504	2	19	19	NUM
fbem-18291	504	3	]	]	X
fbem-18291	504	4	gottschalk	gottschalk	NOUN
fbem-18291	504	5	,	,	PUNCT
fbem-18291	504	6	p.	p.	PROPN
fbem-18291	504	7	,	,	PUNCT
fbem-18291	504	8	&	&	CCONJ
fbem-18291	504	9	dean	dean	PROPN
fbem-18291	504	10	,	,	PUNCT
fbem-18291	504	11	g.	g.	PROPN
fbem-18291	504	12	(	(	PUNCT
fbem-18291	504	13	2009	2009	NUM
fbem-18291	504	14	)	)	PUNCT
fbem-18291	504	15	.	.	PUNCT
fbem-18291	505	1	a	a	DET
fbem-18291	505	2	review	review	NOUN
fbem-18291	505	3	of	of	ADP
fbem-18291	505	4	organised	organised	ADJ
fbem-18291	505	5	crime	crime	NOUN
fbem-18291	505	6	in	in	ADP
fbem-18291	505	7	electronic	electronic	ADJ
fbem-18291	505	8	finance	finance	NOUN
fbem-18291	505	9	.	.	PUNCT
fbem-18291	506	1	international	international	ADJ
fbem-18291	506	2	journal	journal	PROPN
fbem-18291	506	3	of	of	ADP
fbem-18291	506	4	electronic	electronic	ADJ
fbem-18291	506	5	finance	finance	NOUN
fbem-18291	506	6	,	,	PUNCT
fbem-18291	506	7	3(1	3(1	NUM
fbem-18291	506	8	)	)	PUNCT
fbem-18291	506	9	,	,	PUNCT
fbem-18291	506	10	46	46	NUM
fbem-18291	507	1	[	[	SYM
fbem-18291	507	2	20	20	NUM
fbem-18291	507	3	]	]	SYM
fbem-18291	507	4	gu	gu	PROPN
fbem-18291	507	5	,	,	PUNCT
fbem-18291	507	6	h.	h.	PROPN
fbem-18291	507	7	f.	f.	PROPN
fbem-18291	507	8	,	,	PUNCT
fbem-18291	507	9	&	&	CCONJ
fbem-18291	507	10	zhang	zhang	PROPN
fbem-18291	507	11	,	,	PUNCT
fbem-18291	507	12	y.	y.	PROPN
fbem-18291	507	13	n.	n.	PROPN
fbem-18291	507	14	(	(	PUNCT
fbem-18291	507	15	2018	2018	NUM
fbem-18291	507	16	)	)	PUNCT
fbem-18291	507	17	.	.	PUNCT
fbem-18291	508	1	financial	financial	ADJ
fbem-18291	508	2	innovation	innovation	NOUN
fbem-18291	508	3	,	,	PUNCT
fbem-18291	508	4	credit	credit	NOUN
fbem-18291	508	5	environment	environment	NOUN
fbem-18291	508	6	and	and	CCONJ
fbem-18291	508	7	bank	bank	NOUN
fbem-18291	508	8	risk	risk	NOUN
fbem-18291	508	9	-	-	PUNCT
fbem-18291	508	10	taking	taking	NOUN
fbem-18291	508	11	-	-	PUNCT
fbem-18291	508	12	evidence	evidence	NOUN
fbem-18291	508	13	from	from	ADP
fbem-18291	508	14	china	china	PROPN
fbem-18291	508	15	's	's	PART
fbem-18291	508	16	banking	banking	NOUN
fbem-18291	508	17	industry	industry	NOUN
fbem-18291	508	18	from	from	ADP
fbem-18291	508	19	2006	2006	NUM
fbem-18291	508	20	to	to	ADP
fbem-18291	508	21	2016	2016	NUM
fbem-18291	508	22	.	.	PUNCT
fbem-18291	509	1	international	international	ADJ
fbem-18291	509	2	finance	finance	NOUN
fbem-18291	509	3	research	research	NOUN
fbem-18291	509	4	,	,	PUNCT
fbem-18291	509	5	377(09	377(09	NUM
fbem-18291	509	6	)	)	PUNCT
fbem-18291	509	7	,	,	PUNCT
fbem-18291	509	8	68–77	68–77	NUM
fbem-18291	510	1	[	[	X
fbem-18291	510	2	21	21	NUM
fbem-18291	510	3	]	]	SYM
fbem-18291	510	4	gu	gu	PROPN
fbem-18291	510	5	,	,	PUNCT
fbem-18291	510	6	h.	h.	PROPN
fbem-18291	510	7	,	,	PUNCT
fbem-18291	510	8	&	&	CCONJ
fbem-18291	510	9	bian	bian	PROPN
fbem-18291	510	10	,	,	PUNCT
fbem-18291	510	11	y.	y.	PROPN
fbem-18291	510	12	(	(	PUNCT
fbem-18291	510	13	2020	2020	NUM
fbem-18291	510	14	)	)	PUNCT
fbem-18291	510	15	.	.	PUNCT
fbem-18291	511	1	cross	cross	ADJ
fbem-18291	511	2	-	-	ADJ
fbem-18291	511	3	border	border	ADJ
fbem-18291	511	4	capital	capital	NOUN
fbem-18291	511	5	flows	flow	NOUN
fbem-18291	511	6	,	,	PUNCT
fbem-18291	511	7	asset	asset	NOUN
fbem-18291	511	8	prices	price	NOUN
fbem-18291	511	9	,	,	PUNCT
fbem-18291	511	10	and	and	CCONJ
fbem-18291	511	11	bank	bank	NOUN
fbem-18291	511	12	liquidity	liquidity	NOUN
fbem-18291	511	13	risk	risk	NOUN
fbem-18291	511	14	:	:	PUNCT
fbem-18291	511	15	the	the	DET
fbem-18291	511	16	moderating	moderate	VERB
fbem-18291	511	17	role	role	NOUN
fbem-18291	511	18	of	of	ADP
fbem-18291	511	19	monetary	monetary	ADJ
fbem-18291	511	20	policy	policy	NOUN
fbem-18291	511	21	uncertainty	uncertainty	NOUN
fbem-18291	511	22	and	and	CCONJ
fbem-18291	511	23	banking	banking	NOUN
fbem-18291	511	24	competition	competition	NOUN
fbem-18291	511	25	.	.	PUNCT
fbem-18291	512	1	financial	financial	ADJ
fbem-18291	512	2	science	science	NOUN
fbem-18291	512	3	,	,	PUNCT
fbem-18291	512	4	393(12	393(12	NUM
fbem-18291	512	5	)	)	PUNCT
fbem-18291	512	6	,	,	PUNCT
fbem-18291	512	7	13	13	NUM
fbem-18291	512	8	-	-	SYM
fbem-18291	512	9	27	27	NUM
fbem-18291	512	10	[	[	X
fbem-18291	512	11	22	22	NUM
fbem-18291	512	12	]	]	X
fbem-18291	512	13	guo	guo	PROPN
fbem-18291	512	14	,	,	PUNCT
fbem-18291	512	15	f.	f.	PROPN
fbem-18291	512	16	,	,	PUNCT
fbem-18291	512	17	wang	wang	PROPN
fbem-18291	512	18	,	,	PUNCT
fbem-18291	512	19	j.	j.	PROPN
fbem-18291	512	20	y.	y.	PROPN
fbem-18291	512	21	,	,	PUNCT
fbem-18291	512	22	wang	wang	PROPN
fbem-18291	512	23	,	,	PUNCT
fbem-18291	512	24	f.	f.	PROPN
fbem-18291	512	25	,	,	PUNCT
fbem-18291	512	26	kong	kong	PROPN
fbem-18291	512	27	,	,	PUNCT
fbem-18291	512	28	t.	t.	PROPN
fbem-18291	512	29	,	,	PUNCT
fbem-18291	512	30	zhang	zhang	PROPN
fbem-18291	512	31	,	,	PUNCT
fbem-18291	512	32	x.	x.	PROPN
fbem-18291	512	33	,	,	PUNCT
fbem-18291	512	34	&	&	CCONJ
fbem-18291	512	35	cheng	cheng	PROPN
fbem-18291	512	36	,	,	PUNCT
fbem-18291	512	37	z.	z.	PROPN
fbem-18291	512	38	y.	y.	PROPN
fbem-18291	512	39	2020	2020	NUM
fbem-18291	512	40	,	,	PUNCT
fbem-18291	512	41	"	"	PUNCT
fbem-18291	512	42	measuring	measure	VERB
fbem-18291	512	43	the	the	DET
fbem-18291	512	44	development	development	NOUN
fbem-18291	512	45	of	of	ADP
fbem-18291	512	46	digital	digital	ADJ
fbem-18291	512	47	inclusive	inclusive	ADJ
fbem-18291	512	48	finance	finance	NOUN
fbem-18291	512	49	in	in	ADP
fbem-18291	512	50	china	china	PROPN
fbem-18291	512	51	:	:	PUNCT
fbem-18291	512	52	index	index	NOUN
fbem-18291	512	53	construction	construction	NOUN
fbem-18291	512	54	and	and	CCONJ
fbem-18291	512	55	spatial	spatial	ADJ
fbem-18291	512	56	characteristics	characteristic	NOUN
fbem-18291	512	57	,	,	PUNCT
fbem-18291	512	58	"	"	PUNCT
fbem-18291	512	59	economic	economic	ADJ
fbem-18291	512	60	quarterly	quarterly	ADJ
fbem-18291	512	61	,	,	PUNCT
fbem-18291	512	62	vol	vol	NOUN
fbem-18291	512	63	.	.	PROPN
fbem-18291	512	64	19	19	NUM
fbem-18291	512	65	,	,	PUNCT
fbem-18291	512	66	no	no	INTJ
fbem-18291	512	67	.	.	NOUN
fbem-18291	512	68	4	4	NUM
fbem-18291	513	1	[	[	SYM
fbem-18291	513	2	23	23	NUM
fbem-18291	513	3	]	]	X
fbem-18291	513	4	guo	guo	PROPN
fbem-18291	513	5	,	,	PUNCT
fbem-18291	513	6	q.	q.	PROPN
fbem-18291	513	7	,	,	PUNCT
fbem-18291	513	8	(	(	PUNCT
fbem-18291	513	9	2019	2019	NUM
fbem-18291	513	10	)	)	PUNCT
fbem-18291	513	11	.	.	PUNCT
fbem-18291	514	1	china	china	PROPN
fbem-18291	514	2	merchants	merchants	PROPN
fbem-18291	514	3	bank	bank	PROPN
fbem-18291	514	4	app8.0	app8.0	PROPN
fbem-18291	514	5	releases	release	VERB
fbem-18291	514	6	open	open	ADJ
fbem-18291	514	7	ecology	ecology	NOUN
fbem-18291	514	8	tocreate	tocreate	VERB
fbem-18291	514	9	new	new	ADJ
fbem-18291	514	10	wealth	wealth	NOUN
fbem-18291	514	11	life	life	NOUN
fbem-18291	514	12	.	.	PUNCT
fbem-18291	515	1	tech	tech	NOUN
fbem-18291	515	2	web	web	NOUN
fbem-18291	515	3	.	.	PUNCT
fbem-18291	516	1	http://www.techweb.com.cn/it/2019-11-18/2764590.shtm	http://www.techweb.com.cn/it/2019-11-18/2764590.shtm	PROPN
fbem-18291	517	1	[	[	X
fbem-18291	517	2	24	24	NUM
fbem-18291	517	3	]	]	X
fbem-18291	517	4	gupta	gupta	PROPN
fbem-18291	517	5	,	,	PUNCT
fbem-18291	517	6	p.	p.	NOUN
fbem-18291	517	7	and	and	CCONJ
fbem-18291	517	8	tham	tham	NOUN
fbem-18291	517	9	,	,	PUNCT
fbem-18291	517	10	t.	t.	NOUN
fbem-18291	517	11	m.	m.	NOUN
fbem-18291	517	12	(	(	PUNCT
fbem-18291	517	13	2018	2018	NUM
fbem-18291	517	14	)	)	PUNCT
fbem-18291	517	15	fintech	fintech	NOUN
fbem-18291	517	16	:	:	PUNCT
fbem-18291	517	17	the	the	DET
fbem-18291	517	18	new	new	ADJ
fbem-18291	517	19	dna	dna	NOUN
fbem-18291	517	20	of	of	ADP
fbem-18291	517	21	financial	financial	ADJ
fbem-18291	517	22	services	service	NOUN
fbem-18291	517	23	.	.	PUNCT
fbem-18291	518	1	boston	boston	PROPN
fbem-18291	518	2	:	:	PUNCT
fbem-18291	518	3	de	de	X
fbem-18291	518	4	press	press	NOUN
fbem-18291	518	5	,	,	PUNCT
fbem-18291	518	6	2018	2018	NUM
fbem-18291	518	7	.	.	PUNCT
fbem-18291	519	1	doi	doi	NOUN
fbem-18291	519	2	:	:	PUNCT
fbem-18291	519	3	10.1515/9781547400904	10.1515/9781547400904	NUM
fbem-18291	519	4	.	.	PUNCT
fbem-18291	520	1	[	[	X
fbem-18291	520	2	25	25	NUM
fbem-18291	520	3	]	]	X
fbem-18291	520	4	gupta	gupta	PROPN
fbem-18291	520	5	,	,	PUNCT
fbem-18291	520	6	p.t	p.t	PROPN
fbem-18291	520	7	.	.	PROPN
fbem-18291	520	8	,	,	PUNCT
fbem-18291	520	9	mandy	mandy	PROPN
fbem-18291	520	10	,	,	PUNCT
fbem-18291	520	11	t.	t.	PROPN
fbem-18291	520	12	,	,	PUNCT
fbem-18291	520	13	(	(	PUNCT
fbem-18291	520	14	2018	2018	NUM
fbem-18291	520	15	)	)	PUNCT
fbem-18291	520	16	.	.	PUNCT
fbem-18291	521	1	fintech	fintech	NOUN
fbem-18291	521	2	:	:	PUNCT
fbem-18291	521	3	the	the	DET
fbem-18291	521	4	new	new	ADJ
fbem-18291	521	5	dna	dna	NOUN
fbem-18291	521	6	of	of	ADP
fbem-18291	521	7	financial	financial	ADJ
fbem-18291	521	8	services	service	NOUN
fbem-18291	521	9	.	.	PUNCT
fbem-18291	522	1	j.	j.	PROPN
fbem-18291	522	2	serv	serv	PROPN
fbem-18291	522	3	mark.20	mark.20	PROPN
fbem-18291	522	4	(	(	PUNCT
fbem-18291	522	5	2	2	NUM
fbem-18291	522	6	)	)	PUNCT
fbem-18291	522	7	,	,	PUNCT
fbem-18291	522	8	125–135	125–135	NUM
fbem-18291	522	9	.	.	PUNCT
fbem-18291	523	1	[	[	X
fbem-18291	523	2	26	26	NUM
fbem-18291	523	3	]	]	PUNCT
fbem-18291	523	4	he	he	PRON
fbem-18291	523	5	,	,	PUNCT
fbem-18291	523	6	j.	j.	PROPN
fbem-18291	523	7	(	(	PUNCT
fbem-18291	523	8	2017	2017	NUM
fbem-18291	523	9	)	)	PUNCT
fbem-18291	523	10	.	.	PUNCT
fbem-18291	524	1	fintech	fintech	NOUN
fbem-18291	524	2	:	:	PUNCT
fbem-18291	524	3	development	development	NOUN
fbem-18291	524	4	,	,	PUNCT
fbem-18291	524	5	impacts	impact	NOUN
fbem-18291	524	6	,	,	PUNCT
fbem-18291	524	7	and	and	CCONJ
fbem-18291	524	8	regulation	regulation	NOUN
fbem-18291	524	9	.	.	PUNCT
fbem-18291	525	1	financial	financial	ADJ
fbem-18291	525	2	development	development	PROPN
fbem-18291	525	3	research	research	NOUN
fbem-18291	525	4	,	,	PUNCT
fbem-18291	525	5	6	6	NUM
fbem-18291	525	6	,	,	PUNCT
fbem-18291	525	7	54	54	NUM
fbem-18291	525	8	-	-	SYM
fbem-18291	525	9	56	56	NUM
fbem-18291	525	10	[	[	SYM
fbem-18291	525	11	27	27	NUM
fbem-18291	525	12	]	]	SYM
fbem-18291	525	13	huong	huong	PROPN
fbem-18291	525	14	vuong	vuong	PROPN
fbem-18291	525	15	,	,	PUNCT
fbem-18291	525	16	g.t	g.t	PROPN
fbem-18291	525	17	.	.	PROPN
fbem-18291	525	18	,	,	PUNCT
fbem-18291	525	19	thanh	thanh	PROPN
fbem-18291	525	20	phan	phan	PROPN
fbem-18291	525	21	,	,	PUNCT
fbem-18291	525	22	p.t	p.t	PROPN
fbem-18291	525	23	.	.	PROPN
fbem-18291	525	24	,	,	PUNCT
fbem-18291	525	25	nguyen	nguyen	PROPN
fbem-18291	525	26	,	,	PUNCT
fbem-18291	525	27	c.x	c.x	PROPN
fbem-18291	525	28	.	.	PROPN
fbem-18291	525	29	,	,	PUNCT
fbem-18291	525	30	nguyen	nguyen	PROPN
fbem-18291	525	31	,	,	PUNCT
fbem-18291	525	32	d.m	d.m	PROPN
fbem-18291	525	33	.	.	PROPN
fbem-18291	525	34	and	and	CCONJ
fbem-18291	525	35	duong	duong	PROPN
fbem-18291	525	36	,	,	PUNCT
fbem-18291	525	37	k.d	k.d	PROPN
fbem-18291	525	38	.	.	PROPN
fbem-18291	525	39	(	(	PUNCT
fbem-18291	525	40	2023	2023	NUM
fbem-18291	525	41	)	)	PUNCT
fbem-18291	525	42	.	.	PUNCT
fbem-18291	526	1	liquidity	liquidity	NOUN
fbem-18291	526	2	creation	creation	NOUN
fbem-18291	526	3	and	and	CCONJ
fbem-18291	526	4	bank	bank	NOUN
fbem-18291	526	5	risk	risk	NOUN
fbem-18291	526	6	-	-	PUNCT
fbem-18291	526	7	taking	taking	NOUN
fbem-18291	526	8	:	:	PUNCT
fbem-18291	526	9	evidence	evidence	NOUN
fbem-18291	526	10	from	from	ADP
fbem-18291	526	11	a	a	DET
fbem-18291	526	12	transition	transition	NOUN
fbem-18291	526	13	market	market	NOUN
fbem-18291	526	14	.	.	PUNCT
fbem-18291	527	1	heliyon	heliyon	NOUN
fbem-18291	527	2	,	,	PUNCT
fbem-18291	528	1	[	[	X
fbem-18291	528	2	online	online	X
fbem-18291	528	3	]	]	X
fbem-18291	528	4	p.e19141	p.e19141	X
fbem-18291	528	5	.	.	PUNCT
fbem-18291	529	1	doi	doi	NOUN
fbem-18291	529	2	:	:	PUNCT
fbem-18291	529	3	https://doi.org/10.1016	https://doi.org/10.1016	NOUN
fbem-18291	529	4	/	/	SYM
fbem-18291	529	5	j.heliyon.2023.e19141	j.heliyon.2023.e19141	NOUN
fbem-18291	529	6	.	.	PUNCT
fbem-18291	530	1	[	[	X
fbem-18291	530	2	28	28	NUM
fbem-18291	530	3	]	]	X
fbem-18291	530	4	institute	institute	NOUN
fbem-18291	530	5	of	of	ADP
fbem-18291	530	6	digital	digital	PROPN
fbem-18291	530	7	finance	finance	PROPN
fbem-18291	530	8	peking	peking	PROPN
fbem-18291	530	9	university	university	PROPN
fbem-18291	530	10	(	(	PUNCT
fbem-18291	530	11	2020	2020	NUM
fbem-18291	530	12	)	)	PUNCT
fbem-18291	530	13	.	.	PUNCT
fbem-18291	531	1	center	center	NOUN
fbem-18291	531	2	for	for	ADP
fbem-18291	531	3	digital	digital	ADJ
fbem-18291	531	4	finance	finance	NOUN
fbem-18291	531	5	research	research	NOUN
fbem-18291	531	6	,	,	PUNCT
fbem-18291	531	7	peking	peking	NOUN
fbem-18291	531	8	university	university	NOUN
fbem-18291	531	9	.	.	PUNCT
fbem-18291	532	1	[	[	X
fbem-18291	532	2	online	online	X
fbem-18291	532	3	]	]	X
fbem-18291	532	4	idf.pku.edu.cn	idf.pku.edu.cn	PROPN
fbem-18291	532	5	.	.	PROPN
fbem-18291	532	6	available	available	ADJ
fbem-18291	532	7	at	at	ADP
fbem-18291	532	8	:	:	PUNCT
fbem-18291	532	9	https://idf.pku.edu.cn/zxgk/zxgkn/index.htm	https://idf.pku.edu.cn/zxgk/zxgkn/index.htm	PROPN
fbem-18291	533	1	[	[	X
fbem-18291	533	2	accessed	access	VERB
fbem-18291	533	3	9	9	NUM
fbem-18291	533	4	sep	sep	NOUN
fbem-18291	533	5	.	.	PUNCT
fbem-18291	533	6	2023	2023	NUM
fbem-18291	533	7	]	]	PUNCT
fbem-18291	533	8	.	.	PUNCT
fbem-18291	534	1	[	[	X
fbem-18291	534	2	29	29	NUM
fbem-18291	534	3	]	]	X
fbem-18291	534	4	jakˇsiˇc	jakˇsiˇc	PROPN
fbem-18291	534	5	,	,	PUNCT
fbem-18291	534	6	m.	m.	NOUN
fbem-18291	534	7	,	,	PUNCT
fbem-18291	534	8	marinˇc	marinˇc	NOUN
fbem-18291	534	9	,	,	PUNCT
fbem-18291	534	10	m.	m.	NOUN
fbem-18291	534	11	,	,	PUNCT
fbem-18291	534	12	(	(	PUNCT
fbem-18291	534	13	2019	2019	NUM
fbem-18291	534	14	)	)	PUNCT
fbem-18291	534	15	.	.	PUNCT
fbem-18291	535	1	relationship	relationship	NOUN
fbem-18291	535	2	banking	banking	NOUN
fbem-18291	535	3	and	and	CCONJ
fbem-18291	535	4	information	information	NOUN
fbem-18291	535	5	technology	technology	NOUN
fbem-18291	535	6	:	:	PUNCT
fbem-18291	535	7	the	the	DET
fbem-18291	535	8	role	role	NOUN
fbem-18291	535	9	of	of	ADP
fbem-18291	535	10	artificial	artificial	ADJ
fbem-18291	535	11	intelligence	intelligence	NOUN
fbem-18291	535	12	and	and	CCONJ
fbem-18291	535	13	fintech	fintech	NOUN
fbem-18291	535	14	.	.	PUNCT
fbem-18291	536	1	risk	risk	NOUN
fbem-18291	536	2	manage	manage	NOUN
fbem-18291	536	3	.	.	PUNCT
fbem-18291	537	1	21	21	NUM
fbem-18291	537	2	,	,	PUNCT
fbem-18291	537	3	1	1	NUM
fbem-18291	537	4	-	-	SYM
fbem-18291	537	5	18	18	NUM
fbem-18291	537	6	.	.	PUNCT
fbem-18291	538	1	[	[	X
fbem-18291	538	2	30	30	NUM
fbem-18291	538	3	]	]	X
fbem-18291	538	4	joan	joan	PROPN
fbem-18291	538	5	,	,	PUNCT
fbem-18291	538	6	m.	m.	NOUN
fbem-18291	538	7	(	(	PUNCT
fbem-18291	538	8	2014	2014	NUM
fbem-18291	538	9	)	)	PUNCT
fbem-18291	538	10	.	.	PUNCT
fbem-18291	539	1	opportunities	opportunity	NOUN
fbem-18291	539	2	and	and	CCONJ
fbem-18291	539	3	challenges	challenge	NOUN
fbem-18291	539	4	facing	face	VERB
fbem-18291	539	5	foreigners	foreigner	NOUN
fbem-18291	539	6	in	in	ADP
fbem-18291	539	7	online	online	ADJ
fbem-18291	539	8	shopping	shopping	NOUN
fbem-18291	539	9	in	in	ADP
fbem-18291	539	10	china	china	PROPN
fbem-18291	539	11	:	:	PUNCT
fbem-18291	539	12	a	a	DET
fbem-18291	539	13	case	case	NOUN
fbem-18291	539	14	of	of	ADP
fbem-18291	539	15	foreign	foreign	ADJ
fbem-18291	539	16	students	student	NOUN
fbem-18291	539	17	shopping	shop	VERB
fbem-18291	539	18	in	in	ADP
fbem-18291	539	19	taobao	taobao	PROPN
fbem-18291	540	1	[	[	X
fbem-18291	540	2	doctoral	doctoral	ADJ
fbem-18291	540	3	dissertation	dissertation	NOUN
fbem-18291	540	4	]	]	PUNCT
fbem-18291	540	5	.	.	PUNCT
fbem-18291	541	1	wuhan	wuhan	PROPN
fbem-18291	541	2	:	:	PUNCT
fbem-18291	541	3	central	central	ADJ
fbem-18291	541	4	china	china	PROPN
fbem-18291	541	5	normal	normal	ADJ
fbem-18291	541	6	university	university	NOUN
fbem-18291	542	1	[	[	X
fbem-18291	542	2	31	31	NUM
fbem-18291	542	3	]	]	PUNCT
fbem-18291	542	4	joshua	joshua	PROPN
fbem-18291	542	5	d.	d.	PROPN
fbem-18291	542	6	coval	coval	PROPN
fbem-18291	542	7	,	,	PUNCT
fbem-18291	542	8	anjan	anjan	PROPN
fbem-18291	542	9	v.	v.	PROPN
fbem-18291	542	10	thakor	thakor	PROPN
fbem-18291	542	11	.	.	PUNCT
fbem-18291	543	1	(	(	PUNCT
fbem-18291	543	2	2005).financial	2005).financial	NUM
fbem-18291	543	3	intermediation	intermediation	NOUN
fbem-18291	543	4	as	as	ADP
fbem-18291	543	5	a	a	DET
fbem-18291	543	6	beliefs	belief	NOUN
fbem-18291	543	7	-	-	PUNCT
fbem-18291	543	8	bridge	bridge	NOUN
fbem-18291	543	9	between	between	ADP
fbem-18291	543	10	optimists	optimist	NOUN
fbem-18291	543	11	and	and	CCONJ
fbem-18291	543	12	pessimists[j	pessimists[j	NOUN
fbem-18291	543	13	]	]	PUNCT
fbem-18291	543	14	.	.	PUNCT
fbem-18291	544	1	journal	journal	PROPN
fbem-18291	544	2	of	of	ADP
fbem-18291	544	3	financial	financial	ADJ
fbem-18291	544	4	economics	economic	NOUN
fbem-18291	544	5	,	,	PUNCT
fbem-18291	544	6	75(3):535	75(3):535	NOUN
fbem-18291	544	7	-	-	SYM
fbem-18291	544	8	569	569	NUM
fbem-18291	545	1	[	[	X
fbem-18291	545	2	32	32	NUM
fbem-18291	545	3	]	]	SYM
fbem-18291	545	4	kaushik	kaushik	PROPN
fbem-18291	545	5	,	,	PUNCT
fbem-18291	545	6	a.k	a.k	PROPN
fbem-18291	545	7	.	.	PROPN
fbem-18291	545	8	,	,	PUNCT
fbem-18291	545	9	kaushik	kaushik	PROPN
fbem-18291	545	10	,	,	PUNCT
fbem-18291	545	11	a.k	a.k	PROPN
fbem-18291	545	12	.	.	PROPN
fbem-18291	545	13	,	,	PUNCT
fbem-18291	545	14	mohan	mohan	PROPN
fbem-18291	545	15	,	,	PUNCT
fbem-18291	545	16	g.	g.	PROPN
fbem-18291	545	17	,	,	PUNCT
fbem-18291	545	18	kumar	kumar	PROPN
fbem-18291	545	19	,	,	PUNCT
fbem-18291	545	20	v.	v.	PROPN
fbem-18291	545	21	,	,	PUNCT
fbem-18291	545	22	(	(	PUNCT
fbem-18291	545	23	2020	2020	NUM
fbem-18291	545	24	)	)	PUNCT
fbem-18291	545	25	.	.	PUNCT
fbem-18291	546	1	examining	examine	VERB
fbem-18291	546	2	the	the	DET
fbem-18291	546	3	antecedents	antecedent	NOUN
fbem-18291	546	4	and	and	CCONJ
fbem-18291	546	5	consequences	consequence	NOUN
fbem-18291	546	6	of	of	ADP
fbem-18291	546	7	customers	customer	NOUN
fbem-18291	546	8	’	'	PUNCT
fbem-18291	546	9	trust	trust	NOUN
fbem-18291	546	10	toward	toward	ADP
fbem-18291	546	11	mobile	mobile	ADJ
fbem-18291	546	12	retail	retail	ADJ
fbem-18291	546	13	apps	app	NOUN
fbem-18291	546	14	in	in	ADP
fbem-18291	546	15	india.j	india.j	PROPN
fbem-18291	546	16	.	.	PUNCT
fbem-18291	547	1	internet	internet	PROPN
fbem-18291	547	2	commerce	commerce	NOUN
fbem-18291	547	3	19	19	NUM
fbem-18291	547	4	(	(	PUNCT
fbem-18291	547	5	1	1	NUM
fbem-18291	547	6	)	)	PUNCT
fbem-18291	547	7	,	,	PUNCT
fbem-18291	547	8	1–31	1–31	PROPN
fbem-18291	547	9	299	299	NUM
fbem-18291	548	1	[	[	SYM
fbem-18291	548	2	33	33	NUM
fbem-18291	548	3	]	]	PUNCT
fbem-18291	548	4	king	king	NOUN
fbem-18291	548	5	,	,	PUNCT
fbem-18291	548	6	r.g	r.g	PROPN
fbem-18291	548	7	.	.	PROPN
fbem-18291	548	8	,	,	PUNCT
fbem-18291	548	9	&	&	CCONJ
fbem-18291	548	10	levine	levine	PROPN
fbem-18291	548	11	,	,	PUNCT
fbem-18291	548	12	r.	r.	PROPN
fbem-18291	548	13	(	(	PUNCT
fbem-18291	548	14	1993	1993	NUM
fbem-18291	548	15	)	)	PUNCT
fbem-18291	548	16	.	.	PUNCT
fbem-18291	549	1	finance	finance	NOUN
fbem-18291	549	2	and	and	CCONJ
fbem-18291	549	3	growth	growth	NOUN
fbem-18291	549	4	:	:	PUNCT
fbem-18291	549	5	schumpeter	schumpeter	NOUN
fbem-18291	549	6	might	might	AUX
fbem-18291	549	7	be	be	AUX
fbem-18291	549	8	right	right	ADJ
fbem-18291	549	9	.	.	PUNCT
fbem-18291	550	1	the	the	DET
fbem-18291	550	2	quarterly	quarterly	ADJ
fbem-18291	550	3	journal	journal	NOUN
fbem-18291	550	4	of	of	ADP
fbem-18291	550	5	economics	economic	NOUN
fbem-18291	550	6	,	,	PUNCT
fbem-18291	550	7	108(3	108(3	NUM
fbem-18291	550	8	)	)	PUNCT
fbem-18291	550	9	,	,	PUNCT
fbem-18291	550	10	717	717	NUM
fbem-18291	550	11	-	-	SYM
fbem-18291	550	12	737	737	NUM
fbem-18291	550	13	[	[	X
fbem-18291	550	14	34	34	NUM
fbem-18291	550	15	]	]	X
fbem-18291	550	16	kpmg	kpmg	PROPN
fbem-18291	550	17	china	china	PROPN
fbem-18291	550	18	(	(	PUNCT
fbem-18291	550	19	2020	2020	NUM
fbem-18291	550	20	)	)	PUNCT
fbem-18291	550	21	.	.	PUNCT
fbem-18291	551	1	how	how	SCONJ
fbem-18291	551	2	do	do	AUX
fbem-18291	551	3	commercial	commercial	ADJ
fbem-18291	551	4	banks	bank	NOUN
fbem-18291	551	5	respond	respond	VERB
fbem-18291	551	6	to	to	ADP
fbem-18291	551	7	the	the	DET
fbem-18291	551	8	epidemic	epidemic	NOUN
fbem-18291	551	9	.	.	PUNCT
fbem-18291	552	1	[	[	X
fbem-18291	552	2	online	online	X
fbem-18291	552	3	]	]	X
fbem-18291	552	4	kpmg	kpmg	PROPN
fbem-18291	552	5	.	.	PUNCT
fbem-18291	552	6	available	available	ADJ
fbem-18291	552	7	at	at	ADP
fbem-18291	552	8	:	:	PUNCT
fbem-18291	552	9	https://kpmg.com/cn/zh/home/insights/2020/05/howcommercial-banks-respond-to-epidemic.html	https://kpmg.com/cn/zh/home/insights/2020/05/howcommercial-banks-respond-to-epidemic.html	PROPN
fbem-18291	553	1	[	[	X
fbem-18291	553	2	accessed	access	VERB
fbem-18291	553	3	25	25	NUM
fbem-18291	553	4	aug	aug	NOUN
fbem-18291	553	5	.	.	PROPN
fbem-18291	553	6	2023	2023	NUM
fbem-18291	553	7	]	]	PUNCT
fbem-18291	553	8	.	.	PUNCT
fbem-18291	554	1	[	[	X
fbem-18291	554	2	35	35	NUM
fbem-18291	554	3	]	]	X
fbem-18291	554	4	kumar	kumar	PROPN
fbem-18291	554	5	,	,	PUNCT
fbem-18291	554	6	a.	a.	NOUN
fbem-18291	554	7	(	(	PUNCT
fbem-18291	554	8	2021	2021	NUM
fbem-18291	554	9	)	)	PUNCT
fbem-18291	554	10	.	.	PUNCT
fbem-18291	555	1	fixed	fix	VERB
fbem-18291	555	2	vs	vs	ADP
fbem-18291	555	3	random	random	ADJ
fbem-18291	555	4	vs	vs	ADP
fbem-18291	555	5	mixed	mixed	ADJ
fbem-18291	555	6	effects	effect	NOUN
fbem-18291	555	7	models	model	NOUN
fbem-18291	555	8	–	–	PUNCT
fbem-18291	555	9	examples	example	NOUN
fbem-18291	555	10	.	.	PUNCT
fbem-18291	556	1	[	[	X
fbem-18291	556	2	online	online	X
fbem-18291	556	3	]	]	X
fbem-18291	556	4	data	data	NOUN
fbem-18291	556	5	analytics	analytic	NOUN
fbem-18291	556	6	.	.	PUNCT
fbem-18291	557	1	available	available	ADJ
fbem-18291	557	2	at	at	ADP
fbem-18291	557	3	:	:	PUNCT
fbem-18291	557	4	https://vitalflux.com/fixed-vs-random-vs-mixed-effectsmodels-examples/.	https://vitalflux.com/fixed-vs-random-vs-mixed-effectsmodels-examples/.	NOUN
fbem-18291	558	1	[	[	X
fbem-18291	558	2	36	36	NUM
fbem-18291	558	3	]	]	X
fbem-18291	558	4	lee	lee	PROPN
fbem-18291	558	5	,	,	PUNCT
fbem-18291	558	6	i.	i.	PROPN
fbem-18291	558	7	,	,	PUNCT
fbem-18291	558	8	&	&	CCONJ
fbem-18291	558	9	shin	shin	PROPN
fbem-18291	558	10	,	,	PUNCT
fbem-18291	558	11	y.j	y.j	PROPN
fbem-18291	558	12	.	.	PUNCT
fbem-18291	558	13	(	(	PUNCT
fbem-18291	558	14	2018	2018	NUM
fbem-18291	558	15	)	)	PUNCT
fbem-18291	558	16	.	.	PUNCT
fbem-18291	559	1	"	"	PUNCT
fbem-18291	559	2	fintech	fintech	NOUN
fbem-18291	559	3	:	:	PUNCT
fbem-18291	559	4	ecosystem	ecosystem	NOUN
fbem-18291	559	5	,	,	PUNCT
fbem-18291	559	6	business	business	NOUN
fbem-18291	559	7	models	model	NOUN
fbem-18291	559	8	,	,	PUNCT
fbem-18291	559	9	investment	investment	NOUN
fbem-18291	559	10	decisions	decision	NOUN
fbem-18291	559	11	,	,	PUNCT
fbem-18291	559	12	and	and	CCONJ
fbem-18291	559	13	challenges	challenge	NOUN
fbem-18291	559	14	.	.	PUNCT
fbem-18291	559	15	"	"	PUNCT
fbem-18291	560	1	business	business	NOUN
fbem-18291	560	2	horizons	horizon	NOUN
fbem-18291	560	3	,	,	PUNCT
fbem-18291	560	4	61(1	61(1	NOUN
fbem-18291	560	5	)	)	PUNCT
fbem-18291	560	6	,	,	PUNCT
fbem-18291	560	7	35	35	NUM
fbem-18291	560	8	-	-	SYM
fbem-18291	560	9	46	46	NUM
fbem-18291	561	1	[	[	X
fbem-18291	561	2	37	37	NUM
fbem-18291	561	3	]	]	X
fbem-18291	561	4	lei	lei	VERB
fbem-18291	561	5	a	a	DET
fbem-18291	561	6	c	c	NOUN
fbem-18291	561	7	h	h	NOUN
fbem-18291	561	8	,	,	PUNCT
fbem-18291	561	9	song	song	NOUN
fbem-18291	561	10	z	z	NOUN
fbem-18291	561	11	.	.	PUNCT
fbem-18291	562	1	(	(	PUNCT
fbem-18291	562	2	2013).liquidity	2013).liquidity	NUM
fbem-18291	562	3	creation	creation	NOUN
fbem-18291	562	4	and	and	CCONJ
fbem-18291	562	5	bank	bank	NOUN
fbem-18291	562	6	capital	capital	NOUN
fbem-18291	562	7	structure	structure	NOUN
fbem-18291	562	8	in	in	ADP
fbem-18291	562	9	china[j	china[j	PROPN
fbem-18291	562	10	]	]	PUNCT
fbem-18291	562	11	.	.	PUNCT
fbem-18291	563	1	journal	journal	PROPN
fbem-18291	563	2	of	of	ADP
fbem-18291	563	3	international	international	ADJ
fbem-18291	563	4	financial	financial	ADJ
fbem-18291	563	5	markets	market	NOUN
fbem-18291	563	6	institutions	institution	NOUN
fbem-18291	563	7	&	&	CCONJ
fbem-18291	563	8	money	money	NOUN
fbem-18291	563	9	,	,	PUNCT
fbem-18291	563	10	24(3):188	24(3):188	PROPN
fbem-18291	563	11	-	-	SYM
fbem-18291	563	12	202	202	NUM
fbem-18291	563	13	.	.	PUNCT
fbem-18291	564	1	[	[	X
fbem-18291	564	2	38	38	NUM
fbem-18291	564	3	]	]	X
fbem-18291	564	4	leong	leong	PROPN
fbem-18291	564	5	,	,	PUNCT
fbem-18291	564	6	k.	k.	PROPN
fbem-18291	564	7	,	,	PUNCT
fbem-18291	564	8	&	&	CCONJ
fbem-18291	564	9	sung	sung	PROPN
fbem-18291	564	10	,	,	PUNCT
fbem-18291	564	11	a.	a.	NOUN
fbem-18291	564	12	(	(	PUNCT
fbem-18291	564	13	2018	2018	NUM
fbem-18291	564	14	)	)	PUNCT
fbem-18291	564	15	.	.	PUNCT
fbem-18291	565	1	"	"	PUNCT
fbem-18291	565	2	fintech	fintech	NOUN
fbem-18291	565	3	(	(	PUNCT
fbem-18291	565	4	financial	financial	ADJ
fbem-18291	565	5	technology	technology	NOUN
fbem-18291	565	6	):	):	PUNCT
fbem-18291	565	7	what	what	PRON
fbem-18291	565	8	is	be	AUX
fbem-18291	565	9	it	it	PRON
fbem-18291	565	10	and	and	CCONJ
fbem-18291	565	11	how	how	SCONJ
fbem-18291	565	12	to	to	PART
fbem-18291	565	13	use	use	VERB
fbem-18291	565	14	technologies	technology	NOUN
fbem-18291	565	15	to	to	PART
fbem-18291	565	16	create	create	VERB
fbem-18291	565	17	business	business	NOUN
fbem-18291	565	18	value	value	NOUN
fbem-18291	565	19	in	in	ADP
fbem-18291	565	20	fintech	fintech	NOUN
fbem-18291	565	21	way	way	NOUN
fbem-18291	565	22	?	?	PUNCT
fbem-18291	565	23	"	"	PUNCT
fbem-18291	565	24	international	international	ADJ
fbem-18291	565	25	journal	journal	NOUN
fbem-18291	565	26	of	of	ADP
fbem-18291	565	27	innovation	innovation	NOUN
fbem-18291	565	28	,	,	PUNCT
fbem-18291	565	29	management	management	NOUN
fbem-18291	565	30	and	and	CCONJ
fbem-18291	565	31	technology	technology	NOUN
fbem-18291	565	32	2018	2018	NUM
fbem-18291	565	33	.	.	PUNCT
fbem-18291	566	1	[	[	X
fbem-18291	566	2	39	39	NUM
fbem-18291	566	3	]	]	PUNCT
fbem-18291	566	4	levine	levine	PROPN
fbem-18291	566	5	,	,	PUNCT
fbem-18291	566	6	r.	r.	PROPN
fbem-18291	566	7	(	(	PUNCT
fbem-18291	566	8	1997	1997	NUM
fbem-18291	566	9	)	)	PUNCT
fbem-18291	566	10	.	.	PUNCT
fbem-18291	567	1	financial	financial	ADJ
fbem-18291	567	2	development	development	NOUN
fbem-18291	567	3	and	and	CCONJ
fbem-18291	567	4	economic	economic	ADJ
fbem-18291	567	5	growth	growth	NOUN
fbem-18291	567	6	:	:	PUNCT
fbem-18291	567	7	views	view	NOUN
fbem-18291	567	8	and	and	CCONJ
fbem-18291	567	9	agenda	agenda	NOUN
fbem-18291	567	10	.	.	PUNCT
fbem-18291	568	1	journal	journal	PROPN
fbem-18291	568	2	of	of	ADP
fbem-18291	568	3	economic	economic	ADJ
fbem-18291	568	4	literature	literature	NOUN
fbem-18291	568	5	,	,	PUNCT
fbem-18291	568	6	35(2	35(2	NUM
fbem-18291	568	7	)	)	PUNCT
fbem-18291	568	8	,	,	PUNCT
fbem-18291	568	9	pp.688–726	pp.688–726	NOUN
fbem-18291	568	10	.	.	PUNCT
fbem-18291	569	1	[	[	X
fbem-18291	569	2	40	40	NUM
fbem-18291	569	3	]	]	SYM
fbem-18291	569	4	li	li	PROPN
fbem-18291	569	5	,	,	PUNCT
fbem-18291	569	6	s.	s.	PROPN
fbem-18291	569	7	,	,	PUNCT
fbem-18291	569	8	&	&	CCONJ
fbem-18291	569	9	hou	hou	PROPN
fbem-18291	569	10	,	,	PUNCT
fbem-18291	569	11	x.	x.	NOUN
fbem-18291	569	12	(	(	PUNCT
fbem-18291	569	13	2020	2020	NUM
fbem-18291	569	14	)	)	PUNCT
fbem-18291	569	15	.	.	PUNCT
fbem-18291	570	1	liquidity	liquidity	NOUN
fbem-18291	570	2	risk	risk	NOUN
fbem-18291	570	3	,	,	PUNCT
fbem-18291	570	4	credit	credit	NOUN
fbem-18291	570	5	risk	risk	NOUN
fbem-18291	570	6	,	,	PUNCT
fbem-18291	570	7	and	and	CCONJ
fbem-18291	570	8	commercial	commercial	ADJ
fbem-18291	570	9	bank	bank	PROPN
fbem-18291	570	10	liquidity	liquidity	NOUN
fbem-18291	570	11	creation	creation	NOUN
fbem-18291	570	12	.	.	PUNCT
fbem-18291	571	1	economic	economic	ADJ
fbem-18291	571	2	geography	geography	NOUN
fbem-18291	571	3	,	,	PUNCT
fbem-18291	571	4	37(04	37(04	NUM
fbem-18291	571	5	)	)	PUNCT
fbem-18291	571	6	,	,	PUNCT
fbem-18291	571	7	168	168	NUM
fbem-18291	571	8	-	-	SYM
fbem-18291	571	9	176	176	NUM
fbem-18291	571	10	.	.	PUNCT
fbem-18291	572	1	[	[	X
fbem-18291	572	2	41	41	NUM
fbem-18291	572	3	]	]	X
fbem-18291	572	4	liu	liu	PROPN
fbem-18291	572	5	,	,	PUNCT
fbem-18291	572	6	m.	m.	NOUN
fbem-18291	572	7	(	(	PUNCT
fbem-18291	572	8	2020	2020	NUM
fbem-18291	572	9	)	)	PUNCT
fbem-18291	572	10	.	.	PUNCT
fbem-18291	573	1	the	the	DET
fbem-18291	573	2	impact	impact	NOUN
fbem-18291	573	3	of	of	ADP
fbem-18291	573	4	internet	internet	NOUN
fbem-18291	573	5	finance	finance	NOUN
fbem-18291	573	6	on	on	ADP
fbem-18291	573	7	commercial	commercial	ADJ
fbem-18291	573	8	banks	bank	NOUN
fbem-18291	573	9	'	'	PART
fbem-18291	573	10	profit	profit	NOUN
fbem-18291	573	11	efficiency	efficiency	NOUN
fbem-18291	573	12	:	:	PUNCT
fbem-18291	573	13	an	an	DET
fbem-18291	573	14	empirical	empirical	ADJ
fbem-18291	573	15	study	study	NOUN
fbem-18291	573	16	based	base	VERB
fbem-18291	573	17	on	on	ADP
fbem-18291	573	18	sfa	sfa	PROPN
fbem-18291	573	19	method	method	NOUN
fbem-18291	573	20	.	.	PUNCT
fbem-18291	574	1	dalian	dalian	PROPN
fbem-18291	574	2	university	university	PROPN
fbem-18291	574	3	of	of	ADP
fbem-18291	574	4	technology	technology	PROPN
fbem-18291	574	5	journal	journal	PROPN
fbem-18291	574	6	(	(	PUNCT
fbem-18291	574	7	social	social	ADJ
fbem-18291	574	8	sciences	science	NOUN
fbem-18291	574	9	edition	edition	NOUN
fbem-18291	574	10	)	)	PUNCT
fbem-18291	574	11	,	,	PUNCT
fbem-18291	574	12	1	1	NUM
fbem-18291	574	13	-	-	SYM
fbem-18291	574	14	15	15	NUM
fbem-18291	574	15	[	[	X
fbem-18291	574	16	42	42	NUM
fbem-18291	574	17	]	]	X
fbem-18291	574	18	liu	liu	PROPN
fbem-18291	574	19	,	,	PUNCT
fbem-18291	574	20	m.	m.	NOUN
fbem-18291	574	21	(	(	PUNCT
fbem-18291	574	22	2021	2021	NUM
fbem-18291	574	23	)	)	PUNCT
fbem-18291	574	24	.	.	PUNCT
fbem-18291	575	1	fintech	fintech	NOUN
fbem-18291	575	2	and	and	CCONJ
fbem-18291	575	3	systemic	systemic	ADJ
fbem-18291	575	4	risk	risk	NOUN
fbem-18291	575	5	in	in	ADP
fbem-18291	575	6	commercial	commercial	ADJ
fbem-18291	575	7	banks	bank	NOUN
fbem-18291	575	8	:	:	PUNCT
fbem-18291	575	9	an	an	DET
fbem-18291	575	10	empirical	empirical	ADJ
fbem-18291	575	11	study	study	NOUN
fbem-18291	575	12	based	base	VERB
fbem-18291	575	13	on	on	ADP
fbem-18291	575	14	listed	list	VERB
fbem-18291	575	15	banks	bank	NOUN
fbem-18291	575	16	in	in	ADP
fbem-18291	575	17	china	china	PROPN
fbem-18291	575	18	.	.	PUNCT
fbem-18291	576	1	journal	journal	PROPN
fbem-18291	576	2	of	of	ADP
fbem-18291	576	3	wuhan	wuhan	PROPN
fbem-18291	576	4	university	university	PROPN
fbem-18291	576	5	(	(	PUNCT
fbem-18291	576	6	philosophy	philosophy	NOUN
fbem-18291	576	7	&	&	CCONJ
fbem-18291	576	8	social	social	ADJ
fbem-18291	576	9	sciences	science	NOUN
fbem-18291	576	10	)	)	PUNCT
fbem-18291	576	11	,	,	PUNCT
fbem-18291	576	12	74(02	74(02	NOUN
fbem-18291	576	13	)	)	PUNCT
fbem-18291	576	14	,	,	PUNCT
fbem-18291	576	15	119	119	NUM
fbem-18291	576	16	-	-	SYM
fbem-18291	576	17	134	134	NUM
fbem-18291	576	18	.	.	PUNCT
fbem-18291	577	1	[	[	X
fbem-18291	577	2	43	43	NUM
fbem-18291	577	3	]	]	SYM
fbem-18291	577	4	merton	merton	PROPN
fbem-18291	577	5	,	,	PUNCT
fbem-18291	577	6	r.	r.	PROPN
fbem-18291	577	7	c.	c.	PROPN
fbem-18291	577	8	,	,	PUNCT
fbem-18291	577	9	&	&	CCONJ
fbem-18291	577	10	bodie	bodie	PROPN
fbem-18291	577	11	,	,	PUNCT
fbem-18291	577	12	z.	z.	PROPN
fbem-18291	577	13	(	(	PUNCT
fbem-18291	577	14	1995	1995	NUM
fbem-18291	577	15	)	)	PUNCT
fbem-18291	577	16	.	.	PUNCT
fbem-18291	578	1	a	a	DET
fbem-18291	578	2	conceptual	conceptual	ADJ
fbem-18291	578	3	framework	framework	NOUN
fbem-18291	578	4	for	for	ADP
fbem-18291	578	5	analyzing	analyze	VERB
fbem-18291	578	6	the	the	DET
fbem-18291	578	7	financial	financial	ADJ
fbem-18291	578	8	environment	environment	NOUN
fbem-18291	578	9	.	.	PUNCT
fbem-18291	579	1	cambridge	cambridge	PROPN
fbem-18291	579	2	:	:	PUNCT
fbem-18291	579	3	harvard	harvard	PROPN
fbem-18291	579	4	business	business	PROPN
fbem-18291	579	5	school	school	PROPN
fbem-18291	579	6	press	press	NOUN
fbem-18291	579	7	.	.	PUNCT
fbem-18291	580	1	[	[	X
fbem-18291	580	2	44	44	NUM
fbem-18291	580	3	]	]	X
fbem-18291	580	4	narsalay	narsalay	PROPN
fbem-18291	580	5	r.	r.	PROPN
fbem-18291	580	6	(	(	PUNCT
fbem-18291	580	7	2016).thriving	2016).thrive	VERB
fbem-18291	580	8	with	with	ADP
fbem-18291	580	9	fintechs	fintech	NOUN
fbem-18291	580	10	:	:	PUNCT
fbem-18291	580	11	strategies	strategy	NOUN
fbem-18291	580	12	for	for	ADP
fbem-18291	580	13	large	large	ADJ
fbem-18291	580	14	indian	indian	ADJ
fbem-18291	580	15	banks[j	banks[j	PROPN
fbem-18291	580	16	]	]	X
fbem-18291	580	17	.	.	PUNCT
fbem-18291	581	1	vinimaya	vinimaya	PROPN
fbem-18291	581	2	,	,	PUNCT
fbem-18291	581	3	37(1	37(1	NUM
fbem-18291	581	4	):	):	PUNCT
fbem-18291	581	5	5	5	NUM
fbem-18291	581	6	-	-	SYM
fbem-18291	581	7	15	15	NUM
fbem-18291	581	8	[	[	X
fbem-18291	581	9	45	45	NUM
fbem-18291	581	10	]	]	X
fbem-18291	581	11	national	national	PROPN
fbem-18291	581	12	bureau	bureau	PROPN
fbem-18291	581	13	of	of	ADP
fbem-18291	581	14	statistics	statistic	NOUN
fbem-18291	581	15	(	(	PUNCT
fbem-18291	581	16	2022	2022	NUM
fbem-18291	581	17	)	)	PUNCT
fbem-18291	581	18	.	.	PUNCT
fbem-18291	582	1	national	national	PROPN
fbem-18291	582	2	bureau	bureau	PROPN
fbem-18291	582	3	of	of	ADP
fbem-18291	582	4	statistics	statistic	NOUN
fbem-18291	582	5	.	.	PUNCT
fbem-18291	583	1	[	[	X
fbem-18291	583	2	online	online	X
fbem-18291	583	3	]	]	X
fbem-18291	583	4	stats.gov.cn	stats.gov.cn	X
fbem-18291	583	5	.	.	PUNCT
fbem-18291	584	1	available	available	ADJ
fbem-18291	584	2	at	at	ADP
fbem-18291	584	3	:	:	PUNCT
fbem-18291	584	4	http://www.stats.gov.cn/.	http://www.stats.gov.cn/.	PROPN
fbem-18291	584	5	[	[	X
fbem-18291	584	6	46	46	NUM
fbem-18291	584	7	]	]	X
fbem-18291	584	8	nicoletti	nicoletti	NOUN
fbem-18291	584	9	,	,	PUNCT
fbem-18291	584	10	b.	b.	PROPN
fbem-18291	584	11	(	(	PUNCT
fbem-18291	584	12	2017	2017	NUM
fbem-18291	584	13	)	)	PUNCT
fbem-18291	584	14	.	.	PUNCT
fbem-18291	585	1	the	the	DET
fbem-18291	585	2	future	future	NOUN
fbem-18291	585	3	of	of	ADP
fbem-18291	585	4	fintech	fintech	NOUN
fbem-18291	585	5	.	.	PUNCT
fbem-18291	586	1	cham	cham	PROPN
fbem-18291	586	2	:	:	PUNCT
fbem-18291	586	3	springer	springer	NOUN
fbem-18291	586	4	international	international	ADJ
fbem-18291	586	5	publishing	publishing	NOUN
fbem-18291	586	6	.	.	PUNCT
fbem-18291	587	1	doi	doi	NOUN
fbem-18291	587	2	:	:	PUNCT
fbem-18291	587	3	https://doi.org/10.1007/978	https://doi.org/10.1007/978	NOUN
fbem-18291	587	4	-	-	PUNCT
fbem-18291	587	5	3319	3319	NUM
fbem-18291	587	6	-	-	PUNCT
fbem-18291	587	7	51415	51415	NUM
fbem-18291	587	8	-	-	PUNCT
fbem-18291	587	9	4	4	NUM
fbem-18291	587	10	.	.	PUNCT
fbem-18291	588	1	[	[	X
fbem-18291	588	2	47	47	NUM
fbem-18291	588	3	]	]	X
fbem-18291	588	4	odawa	odawa	PROPN
fbem-18291	588	5	,	,	PUNCT
fbem-18291	588	6	c.a	c.a	PROPN
fbem-18291	588	7	.	.	PROPN
fbem-18291	588	8	,	,	PUNCT
fbem-18291	588	9	(	(	PUNCT
fbem-18291	588	10	2016	2016	NUM
fbem-18291	588	11	)	)	PUNCT
fbem-18291	588	12	.	.	PUNCT
fbem-18291	589	1	technology	technology	NOUN
fbem-18291	589	2	enabled	enable	VERB
fbem-18291	589	3	banking	banking	NOUN
fbem-18291	589	4	self	self	NOUN
fbem-18291	589	5	services	service	NOUN
fbem-18291	589	6	and	and	CCONJ
fbem-18291	589	7	performance	performance	NOUN
fbem-18291	589	8	of	of	ADP
fbem-18291	589	9	commercial	commercial	ADJ
fbem-18291	589	10	banks	bank	NOUN
fbem-18291	589	11	listed	list	VERB
fbem-18291	589	12	in	in	ADP
fbem-18291	589	13	the	the	DET
fbem-18291	589	14	nairobi	nairobi	PROPN
fbem-18291	589	15	securities	securities	PROPN
fbem-18291	589	16	exchange	exchange	PROPN
fbem-18291	589	17	(	(	PUNCT
fbem-18291	589	18	doctoral	doctoral	ADJ
fbem-18291	589	19	dissertation	dissertation	NOUN
fbem-18291	589	20	,	,	PUNCT
fbem-18291	589	21	university	university	NOUN
fbem-18291	589	22	of	of	ADP
fbem-18291	589	23	nairobi	nairobi	PROPN
fbem-18291	589	24	)	)	PUNCT
fbem-18291	589	25	.	.	PUNCT
fbem-18291	590	1	[	[	X
fbem-18291	590	2	48	48	NUM
fbem-18291	590	3	]	]	SYM
fbem-18291	590	4	parenti	parenti	PROPN
fbem-18291	590	5	,	,	PUNCT
fbem-18291	590	6	r.	r.	PROPN
fbem-18291	590	7	(	(	PUNCT
fbem-18291	590	8	2020	2020	NUM
fbem-18291	590	9	)	)	PUNCT
fbem-18291	590	10	.	.	PUNCT
fbem-18291	591	1	regulatory	regulatory	ADJ
fbem-18291	591	2	sandboxes	sandbox	NOUN
fbem-18291	591	3	and	and	CCONJ
fbem-18291	591	4	innovation	innovation	NOUN
fbem-18291	591	5	hubs	hub	NOUN
fbem-18291	591	6	for	for	ADP
fbem-18291	591	7	fintech	fintech	NOUN
fbem-18291	591	8	impact	impact	NOUN
fbem-18291	591	9	on	on	ADP
fbem-18291	591	10	innovation	innovation	NOUN
fbem-18291	591	11	,	,	PUNCT
fbem-18291	591	12	financial	financial	ADJ
fbem-18291	591	13	stability	stability	NOUN
fbem-18291	591	14	and	and	CCONJ
fbem-18291	591	15	supervisory	supervisory	ADJ
fbem-18291	591	16	convergence	convergence	NOUN
fbem-18291	591	17	.	.	PUNCT
fbem-18291	592	1	[	[	X
fbem-18291	592	2	online	online	X
fbem-18291	592	3	]	]	X
fbem-18291	592	4	available	available	ADJ
fbem-18291	592	5	at	at	ADP
fbem-18291	592	6	:	:	PUNCT
fbem-18291	592	7	https://www.europarl.europa.eu/regdata/etudes/stud/2020/	https://www.europarl.europa.eu/regdata/etudes/stud/2020/	PROPN
fbem-18291	592	8	652752	652752	NUM
fbem-18291	592	9	/	/	SYM
fbem-18291	592	10	ipol_stu(2020)652752_en.pdf	ipol_stu(2020)652752_en.pdf	NOUN
fbem-18291	592	11	.	.	PUNCT
fbem-18291	593	1	[	[	X
fbem-18291	593	2	49	49	NUM
fbem-18291	593	3	]	]	PUNCT
fbem-18291	593	4	peking	peking	NOUN
fbem-18291	593	5	university	university	NOUN
fbem-18291	593	6	digital	digital	PROPN
fbem-18291	593	7	finance	finance	NOUN
fbem-18291	593	8	research	research	NOUN
fbem-18291	593	9	center	center	NOUN
fbem-18291	593	10	(	(	PUNCT
fbem-18291	593	11	2021	2021	NUM
fbem-18291	593	12	)	)	PUNCT
fbem-18291	593	13	.	.	PUNCT
fbem-18291	594	1	peking	peking	PROPN
fbem-18291	594	2	university	university	PROPN
fbem-18291	594	3	digital	digital	ADJ
fbem-18291	594	4	financial	financial	ADJ
fbem-18291	594	5	inclusion	inclusion	NOUN
fbem-18291	594	6	index	index	NOUN
fbem-18291	594	7	(	(	PUNCT
fbem-18291	594	8	20112020	20112020	NUM
fbem-18291	594	9	)	)	PUNCT
fbem-18291	594	10	.	.	PUNCT
fbem-18291	595	1	[	[	X
fbem-18291	595	2	online	online	X
fbem-18291	595	3	]	]	X
fbem-18291	595	4	www.idf.pku.edu.cn	www.idf.pku.edu.cn	PROPN
fbem-18291	595	5	.	.	PUNCT
fbem-18291	595	6	available	available	ADJ
fbem-18291	595	7	at	at	ADP
fbem-18291	595	8	:	:	PUNCT
fbem-18291	595	9	https://www.idf.pku.edu.cn/yjcg/zsbg/513800.htm	https://www.idf.pku.edu.cn/yjcg/zsbg/513800.htm	NUM
fbem-18291	595	10	.	.	PUNCT
fbem-18291	596	1	[	[	X
fbem-18291	596	2	50	50	NUM
fbem-18291	596	3	]	]	X
fbem-18291	596	4	phan	phan	PROPN
fbem-18291	596	5	,	,	PUNCT
fbem-18291	596	6	d.h.b	d.h.b	PROPN
fbem-18291	596	7	.	.	PROPN
fbem-18291	596	8	,	,	PUNCT
fbem-18291	596	9	narayan	narayan	PROPN
fbem-18291	596	10	,	,	PUNCT
fbem-18291	596	11	p.k	p.k	PROPN
fbem-18291	596	12	.	.	PROPN
fbem-18291	596	13	,	,	PUNCT
fbem-18291	596	14	rahman	rahman	PROPN
fbem-18291	596	15	,	,	PUNCT
fbem-18291	596	16	r.e	r.e	PROPN
fbem-18291	596	17	.	.	PROPN
fbem-18291	596	18	,	,	PUNCT
fbem-18291	596	19	&	&	CCONJ
fbem-18291	596	20	hutabarat	hutabarat	PROPN
fbem-18291	596	21	,	,	PUNCT
fbem-18291	596	22	a.r	a.r	PROPN
fbem-18291	596	23	.	.	PROPN
fbem-18291	596	24	(	(	PUNCT
fbem-18291	596	25	2020	2020	NUM
fbem-18291	596	26	)	)	PUNCT
fbem-18291	596	27	.	.	PUNCT
fbem-18291	597	1	"	"	PUNCT
fbem-18291	597	2	do	do	AUX
fbem-18291	597	3	financial	financial	ADJ
fbem-18291	597	4	technology	technology	NOUN
fbem-18291	597	5	firms	firm	NOUN
fbem-18291	597	6	influence	influence	VERB
fbem-18291	597	7	bank	bank	NOUN
fbem-18291	597	8	performance	performance	NOUN
fbem-18291	597	9	?	?	PUNCT
fbem-18291	597	10	"	"	PUNCT
fbem-18291	597	11	pacific	pacific	ADJ
fbem-18291	597	12	-	-	PUNCT
fbem-18291	597	13	basin	basin	NOUN
fbem-18291	597	14	finance	finance	NOUN
fbem-18291	597	15	journal	journal	NOUN
fbem-18291	597	16	[	[	X
fbem-18291	597	17	51	51	NUM
fbem-18291	597	18	]	]	X
fbem-18291	597	19	pricewaterhousecoopers	pricewaterhousecooper	NOUN
fbem-18291	597	20	(	(	PUNCT
fbem-18291	597	21	2022	2022	NUM
fbem-18291	597	22	)	)	PUNCT
fbem-18291	597	23	.	.	PUNCT
fbem-18291	598	1	china	china	PROPN
fbem-18291	598	2	banker	banker	PROPN
fbem-18291	598	3	survey	survey	PROPN
fbem-18291	598	4	report	report	NOUN
fbem-18291	598	5	(	(	PUNCT
fbem-18291	598	6	2022	2022	NUM
fbem-18291	598	7	)	)	PUNCT
fbem-18291	598	8	condensed	condense	VERB
fbem-18291	598	9	edition	edition	NOUN
fbem-18291	598	10	.	.	PUNCT
fbem-18291	599	1	[	[	X
fbem-18291	599	2	online	online	X
fbem-18291	599	3	]	]	X
fbem-18291	599	4	pwc	pwc	PROPN
fbem-18291	599	5	.	.	PROPN
fbem-18291	599	6	available	available	ADJ
fbem-18291	599	7	at	at	ADP
fbem-18291	599	8	:	:	PUNCT
fbem-18291	599	9	https://www.pwccn.com/zh/industries/financialservices/banking-and-capital-markets/publications/surveychinese-bankers-2022.html	https://www.pwccn.com/zh/industries/financialservices/banking-and-capital-markets/publications/surveychinese-bankers-2022.html	NOUN
fbem-18291	600	1	[	[	X
fbem-18291	600	2	accessed	access	VERB
fbem-18291	600	3	24	24	NUM
fbem-18291	600	4	aug	aug	NOUN
fbem-18291	600	5	.	.	PROPN
fbem-18291	600	6	2023	2023	NUM
fbem-18291	600	7	]	]	PUNCT
fbem-18291	600	8	.	.	PUNCT
fbem-18291	601	1	[	[	X
fbem-18291	601	2	52	52	NUM
fbem-18291	601	3	]	]	X
fbem-18291	601	4	pricewaterhousecoopers	pricewaterhousecoopers	PROPN
fbem-18291	601	5	(	(	PUNCT
fbem-18291	601	6	pwc	pwc	PROPN
fbem-18291	601	7	)	)	PUNCT
fbem-18291	601	8	.	.	PUNCT
fbem-18291	602	1	(	(	PUNCT
fbem-18291	602	2	2015	2015	NUM
fbem-18291	602	3	)	)	PUNCT
fbem-18291	602	4	.	.	PUNCT
fbem-18291	603	1	states	state	NOUN
fbem-18291	603	2	of	of	ADP
fbem-18291	603	3	guernsey	guernsey	PROPN
fbem-18291	603	4	a	a	DET
fbem-18291	603	5	strategic	strategic	ADJ
fbem-18291	603	6	vision	vision	NOUN
fbem-18291	603	7	for	for	ADP
fbem-18291	603	8	fintech	fintech	NOUN
fbem-18291	603	9	.	.	PUNCT
fbem-18291	604	1	[	[	X
fbem-18291	604	2	online	online	X
fbem-18291	604	3	]	]	X
fbem-18291	604	4	available	available	ADJ
fbem-18291	604	5	at	at	ADP
fbem-18291	604	6	:	:	PUNCT
fbem-18291	604	7	http://www.gov.gg/chttphandler.ashx?id=96797&p=0	http://www.gov.gg/chttphandler.ashx?id=96797&p=0	NOUN
fbem-18291	605	1	[	[	X
fbem-18291	605	2	accessed	access	VERB
fbem-18291	605	3	10	10	NUM
fbem-18291	605	4	jul	jul	NOUN
fbem-18291	605	5	.	.	PROPN
fbem-18291	605	6	2023	2023	NUM
fbem-18291	605	7	]	]	PUNCT
fbem-18291	605	8	.	.	PUNCT
fbem-18291	606	1	[	[	X
fbem-18291	606	2	53	53	NUM
fbem-18291	606	3	]	]	PUNCT
fbem-18291	606	4	puschmann	puschmann	PROPN
fbem-18291	606	5	,	,	PUNCT
fbem-18291	606	6	t.	t.	PROPN
fbem-18291	606	7	(	(	PUNCT
fbem-18291	606	8	2017	2017	NUM
fbem-18291	606	9	)	)	PUNCT
fbem-18291	606	10	.	.	PUNCT
fbem-18291	607	1	fintech	fintech	NOUN
fbem-18291	607	2	.	.	PUNCT
fbem-18291	608	1	business	business	PROPN
fbem-18291	608	2	&	&	CCONJ
fbem-18291	608	3	information	information	PROPN
fbem-18291	608	4	systems	system	NOUN
fbem-18291	608	5	engineering	engineering	NOUN
fbem-18291	608	6	,	,	PUNCT
fbem-18291	609	1	[	[	X
fbem-18291	609	2	online	online	X
fbem-18291	609	3	]	]	X
fbem-18291	609	4	59(1	59(1	NUM
fbem-18291	609	5	)	)	PUNCT
fbem-18291	609	6	,	,	PUNCT
fbem-18291	609	7	pp.69–76	pp.69–76	NOUN
fbem-18291	609	8	.	.	PUNCT
fbem-18291	610	1	doi	doi	NOUN
fbem-18291	610	2	:	:	PUNCT
fbem-18291	610	3	https://doi.org/10.1007	https://doi.org/10.1007	ADJ
fbem-18291	610	4	/	/	SYM
fbem-18291	610	5	s12599	s12599	NOUN
fbem-18291	610	6	-	-	PUNCT
fbem-18291	610	7	017	017	NUM
fbem-18291	610	8	-	-	PUNCT
fbem-18291	610	9	0464	0464	NUM
fbem-18291	610	10	-	-	PUNCT
fbem-18291	610	11	6	6	NUM
fbem-18291	610	12	.	.	PUNCT
fbem-18291	611	1	[	[	X
fbem-18291	611	2	54	54	NUM
fbem-18291	611	3	]	]	SYM
fbem-18291	611	4	pwc	pwc	NOUN
fbem-18291	611	5	(	(	PUNCT
fbem-18291	611	6	2017	2017	NUM
fbem-18291	611	7	)	)	PUNCT
fbem-18291	611	8	.	.	PUNCT
fbem-18291	612	1	customers	customer	NOUN
fbem-18291	612	2	in	in	ADP
fbem-18291	612	3	the	the	DET
fbem-18291	612	4	spotlight	spotlight	NOUN
fbem-18291	612	5	:	:	PUNCT
fbem-18291	612	6	how	how	SCONJ
fbem-18291	612	7	fintech	fintech	NOUN
fbem-18291	612	8	is	be	AUX
fbem-18291	612	9	reshaping	reshape	VERB
fbem-18291	612	10	banking	banking	NOUN
fbem-18291	612	11	.	.	PUNCT
fbem-18291	613	1	[	[	X
fbem-18291	613	2	online	online	X
fbem-18291	613	3	]	]	X
fbem-18291	613	4	pwc	pwc	PROPN
fbem-18291	613	5	.	.	PROPN
fbem-18291	613	6	available	available	ADJ
fbem-18291	613	7	at	at	ADP
fbem-18291	613	8	:	:	PUNCT
fbem-18291	613	9	https://www.pwc.com/gx/en/industries/financialservices/publications/fintech-is-reshaping-banking.html	https://www.pwc.com/gx/en/industries/financialservices/publications/fintech-is-reshaping-banking.html	PROPN
fbem-18291	613	10	.	.	PUNCT
fbem-18291	614	1	[	[	X
fbem-18291	614	2	55	55	NUM
fbem-18291	614	3	]	]	SYM
fbem-18291	614	4	qi	qi	PROPN
fbem-18291	614	5	,	,	PUNCT
fbem-18291	614	6	w.	w.	PROPN
fbem-18291	614	7	,	,	PUNCT
fbem-18291	614	8	liu	liu	PROPN
fbem-18291	614	9	,	,	PUNCT
fbem-18291	614	10	s.	s.	PROPN
fbem-18291	614	11	and	and	CCONJ
fbem-18291	614	12	liu	liu	PROPN
fbem-18291	614	13	,	,	PUNCT
fbem-18291	614	14	z.	z.	PROPN
fbem-18291	614	15	(	(	PUNCT
fbem-18291	614	16	2022	2022	NUM
fbem-18291	614	17	)	)	PUNCT
fbem-18291	614	18	.	.	PUNCT
fbem-18291	615	1	the	the	DET
fbem-18291	615	2	novel	novel	NOUN
fbem-18291	615	3	pattern	pattern	NOUN
fbem-18291	615	4	and	and	CCONJ
fbem-18291	615	5	driving	drive	VERB
fbem-18291	615	6	factors	factor	NOUN
fbem-18291	615	7	of	of	ADP
fbem-18291	615	8	population	population	NOUN
fbem-18291	615	9	spatial	spatial	ADJ
fbem-18291	615	10	distribution	distribution	NOUN
fbem-18291	615	11	on	on	ADP
fbem-18291	615	12	both	both	DET
fbem-18291	615	13	sides	side	NOUN
fbem-18291	615	14	of	of	ADP
fbem-18291	615	15	the	the	DET
fbem-18291	615	16	‘	'	PUNCT
fbem-18291	615	17	hu	hu	PROPN
fbem-18291	615	18	line	line	NOUN
fbem-18291	615	19	’	'	PUNCT
fbem-18291	615	20	based	base	VERB
fbem-18291	615	21	on	on	ADP
fbem-18291	615	22	seventh	seventh	ADJ
fbem-18291	615	23	census	census	NOUN
fbem-18291	615	24	in	in	ADP
fbem-18291	615	25	china	china	PROPN
fbem-18291	615	26	cnki	cnki	PROPN
fbem-18291	615	27	.	.	PUNCT
fbem-18291	616	1	[	[	X
fbem-18291	616	2	online	online	X
fbem-18291	616	3	]	]	X
fbem-18291	616	4	kns.cnki.net	kns.cnki.net	PROPN
fbem-18291	616	5	.	.	PUNCT
fbem-18291	616	6	available	available	ADJ
fbem-18291	616	7	at	at	ADP
fbem-18291	616	8	:	:	PUNCT
fbem-18291	616	9	https://kns.cnki.net/kcms/detail/detail.aspx?filename=dlxb	https://kns.cnki.net/kcms/detail/detail.aspx?filename=dlxb	NOUN
fbem-18291	616	10	202212006&dbname	202212006&dbname	NOUN
fbem-18291	616	11	=	=	SYM
fbem-18291	616	12	dkfx2022	dkfx2022	NOUN
fbem-18291	616	13	[	[	X
fbem-18291	616	14	accessed	access	VERB
fbem-18291	616	15	8	8	NUM
fbem-18291	616	16	aug	aug	NOUN
fbem-18291	616	17	.	.	PROPN
fbem-18291	616	18	2023	2023	NUM
fbem-18291	616	19	]	]	PUNCT
fbem-18291	616	20	.	.	PUNCT
fbem-18291	617	1	[	[	X
fbem-18291	617	2	56	56	NUM
fbem-18291	617	3	]	]	PUNCT
fbem-18291	617	4	research	research	NOUN
fbem-18291	617	5	group	group	NOUN
fbem-18291	617	6	of	of	ADP
fbem-18291	617	7	peking	peking	PROPN
fbem-18291	617	8	university	university	PROPN
fbem-18291	617	9	internet	internet	NOUN
fbem-18291	617	10	finance	finance	NOUN
fbem-18291	617	11	research	research	NOUN
fbem-18291	617	12	center	center	NOUN
fbem-18291	617	13	.	.	PUNCT
fbem-18291	618	1	(	(	PUNCT
fbem-18291	618	2	2015	2015	NUM
fbem-18291	618	3	)	)	PUNCT
fbem-18291	618	4	.	.	PUNCT
fbem-18291	619	1	"	"	PUNCT
fbem-18291	619	2	internet	internet	NOUN
fbem-18291	619	3	finance	finance	NOUN
fbem-18291	619	4	development	development	NOUN
fbem-18291	619	5	index	index	NOUN
fbem-18291	619	6	of	of	ADP
fbem-18291	619	7	peking	peking	PROPN
fbem-18291	619	8	university	university	PROPN
fbem-18291	619	9	[	[	X
fbem-18291	619	10	eb	eb	PROPN
fbem-18291	619	11	/	/	SYM
fbem-18291	619	12	ol	ol	PROPN
fbem-18291	619	13	]	]	PUNCT
fbem-18291	619	14	.	.	PUNCT
fbem-18291	619	15	"	"	PUNCT
fbem-18291	619	16	retrieved	retrieve	VERB
fbem-18291	619	17	december	december	PROPN
fbem-18291	619	18	20	20	NUM
fbem-18291	619	19	,	,	PUNCT
fbem-18291	619	20	2015	2015	NUM
fbem-18291	619	21	,	,	PUNCT
fbem-18291	619	22	from	from	ADP
fbem-18291	619	23	http://iif.pku.edu.cn	http://iif.pku.edu.cn	NOUN
fbem-18291	619	24	[	[	X
fbem-18291	619	25	57	57	NUM
fbem-18291	619	26	]	]	PUNCT
fbem-18291	619	27	romānova	romānova	PROPN
fbem-18291	619	28	,	,	PUNCT
fbem-18291	619	29	i.	i.	PROPN
fbem-18291	619	30	,	,	PUNCT
fbem-18291	619	31	&	&	CCONJ
fbem-18291	619	32	kudinska	kudinska	PROPN
fbem-18291	619	33	,	,	PUNCT
fbem-18291	619	34	m.	m.	NOUN
fbem-18291	619	35	(	(	PUNCT
fbem-18291	619	36	2016	2016	NUM
fbem-18291	619	37	)	)	PUNCT
fbem-18291	619	38	.	.	PUNCT
fbem-18291	620	1	banking	banking	NOUN
fbem-18291	620	2	and	and	CCONJ
fbem-18291	620	3	fintech	fintech	NOUN
fbem-18291	620	4	:	:	PUNCT
fbem-18291	620	5	a	a	DET
fbem-18291	620	6	challenge	challenge	NOUN
fbem-18291	620	7	or	or	CCONJ
fbem-18291	620	8	opportunity	opportunity	NOUN
fbem-18291	620	9	?	?	PUNCT
fbem-18291	621	1	in	in	ADP
fbem-18291	621	2	contemporary	contemporary	ADJ
fbem-18291	621	3	issues	issue	NOUN
fbem-18291	621	4	in	in	ADP
fbem-18291	621	5	finance	finance	NOUN
fbem-18291	621	6	:	:	PUNCT
fbem-18291	621	7	current	current	ADJ
fbem-18291	621	8	challenges	challenge	NOUN
fbem-18291	621	9	from	from	ADP
fbem-18291	621	10	across	across	ADP
fbem-18291	621	11	europe	europe	PROPN
fbem-18291	621	12	.	.	PUNCT
fbem-18291	622	1	emerald	emerald	PROPN
fbem-18291	622	2	group	group	PROPN
fbem-18291	622	3	publishing	publish	VERB
fbem-18291	622	4	limited	limit	VERB
fbem-18291	622	5	[	[	X
fbem-18291	622	6	58	58	NUM
fbem-18291	622	7	]	]	PUNCT
fbem-18291	622	8	schueffel	schueffel	NOUN
fbem-18291	622	9	,	,	PUNCT
fbem-18291	622	10	p.	p.	NOUN
fbem-18291	622	11	(	(	PUNCT
fbem-18291	622	12	2017	2017	NUM
fbem-18291	622	13	)	)	PUNCT
fbem-18291	622	14	.	.	PUNCT
fbem-18291	623	1	taming	tame	VERB
fbem-18291	623	2	the	the	DET
fbem-18291	623	3	beast	beast	NOUN
fbem-18291	623	4	:	:	PUNCT
fbem-18291	623	5	a	a	DET
fbem-18291	623	6	scientific	scientific	ADJ
fbem-18291	623	7	definition	definition	NOUN
fbem-18291	623	8	of	of	ADP
fbem-18291	623	9	fintech	fintech	NOUN
fbem-18291	623	10	.	.	PUNCT
fbem-18291	624	1	journal	journal	PROPN
fbem-18291	624	2	of	of	ADP
fbem-18291	624	3	innovation	innovation	NOUN
fbem-18291	624	4	management	management	NOUN
fbem-18291	624	5	,	,	PUNCT
fbem-18291	624	6	4(4	4(4	NUM
fbem-18291	624	7	)	)	PUNCT
fbem-18291	624	8	,	,	PUNCT
fbem-18291	624	9	32	32	NUM
fbem-18291	624	10	[	[	SYM
fbem-18291	624	11	59	59	NUM
fbem-18291	624	12	]	]	PUNCT
fbem-18291	624	13	schumaker	schumaker	PROPN
fbem-18291	624	14	,	,	PUNCT
fbem-18291	624	15	r.	r.	PROPN
fbem-18291	624	16	p.	p.	PROPN
fbem-18291	624	17	,	,	PUNCT
fbem-18291	624	18	&	&	CCONJ
fbem-18291	624	19	chen	chen	PROPN
fbem-18291	624	20	,	,	PUNCT
fbem-18291	624	21	h.	h.	PROPN
fbem-18291	624	22	(	(	PUNCT
fbem-18291	624	23	2009	2009	NUM
fbem-18291	624	24	)	)	PUNCT
fbem-18291	624	25	.	.	PUNCT
fbem-18291	625	1	textual	textual	ADJ
fbem-18291	625	2	analysis	analysis	NOUN
fbem-18291	625	3	of	of	ADP
fbem-18291	625	4	stock	stock	NOUN
fbem-18291	625	5	market	market	NOUN
fbem-18291	625	6	prediction	prediction	NOUN
fbem-18291	625	7	using	use	VERB
fbem-18291	625	8	breaking	break	VERB
fbem-18291	625	9	financial	financial	ADJ
fbem-18291	625	10	news	news	NOUN
fbem-18291	625	11	:	:	PUNCT
fbem-18291	625	12	the	the	DET
fbem-18291	625	13	azfintext	azfintext	ADJ
fbem-18291	625	14	system	system	NOUN
fbem-18291	625	15	.	.	PUNCT
fbem-18291	626	1	acm	acm	PROPN
fbem-18291	626	2	transactions	transaction	NOUN
fbem-18291	626	3	on	on	ADP
fbem-18291	626	4	information	information	NOUN
fbem-18291	626	5	systems	system	NOUN
fbem-18291	626	6	(	(	PUNCT
fbem-18291	626	7	tois	tois	NOUN
fbem-18291	626	8	)	)	PUNCT
fbem-18291	626	9	,	,	PUNCT
fbem-18291	626	10	27(2	27(2	NUM
fbem-18291	626	11	)	)	PUNCT
fbem-18291	626	12	,	,	PUNCT
fbem-18291	626	13	1	1	NUM
fbem-18291	626	14	-	-	SYM
fbem-18291	626	15	19	19	NUM
fbem-18291	626	16	[	[	SYM
fbem-18291	626	17	60	60	NUM
fbem-18291	626	18	]	]	PUNCT
fbem-18291	626	19	shen	shen	NOUN
fbem-18291	626	20	,	,	PUNCT
fbem-18291	626	21	y.	y.	PROPN
fbem-18291	626	22	,	,	PUNCT
fbem-18291	626	23	&	&	CCONJ
fbem-18291	626	24	guo	guo	PROPN
fbem-18291	626	25	,	,	PUNCT
fbem-18291	626	26	p.	p.	NOUN
fbem-18291	626	27	(	(	PUNCT
fbem-18291	626	28	2015	2015	NUM
fbem-18291	626	29	)	)	PUNCT
fbem-18291	626	30	.	.	PUNCT
fbem-18291	627	1	internet	internet	NOUN
fbem-18291	627	2	finance	finance	NOUN
fbem-18291	627	3	,	,	PUNCT
fbem-18291	627	4	technology	technology	NOUN
fbem-18291	627	5	spillover	spillover	NOUN
fbem-18291	627	6	,	,	PUNCT
fbem-18291	627	7	and	and	CCONJ
fbem-18291	627	8	total	total	ADJ
fbem-18291	627	9	factor	factor	NOUN
fbem-18291	627	10	productivity	productivity	NOUN
fbem-18291	627	11	of	of	ADP
fbem-18291	627	12	commercial	commercial	ADJ
fbem-18291	627	13	banks	bank	NOUN
fbem-18291	627	14	.	.	PUNCT
fbem-18291	628	1	financial	financial	ADJ
fbem-18291	628	2	research	research	NOUN
fbem-18291	628	3	,	,	PUNCT
fbem-18291	628	4	(	(	PUNCT
fbem-18291	628	5	03	03	NUM
fbem-18291	628	6	)	)	PUNCT
fbem-18291	628	7	,	,	PUNCT
fbem-18291	628	8	160	160	NUM
fbem-18291	628	9	-	-	SYM
fbem-18291	628	10	175	175	NUM
fbem-18291	628	11	.	.	PUNCT
fbem-18291	629	1	[	[	X
fbem-18291	629	2	61	61	NUM
fbem-18291	629	3	]	]	X
fbem-18291	629	4	shen	shen	NOUN
fbem-18291	629	5	,	,	PUNCT
fbem-18291	629	6	y.	y.	PROPN
fbem-18291	629	7	,	,	PUNCT
fbem-18291	629	8	&	&	CCONJ
fbem-18291	629	9	guo	guo	PROPN
fbem-18291	629	10	,	,	PUNCT
fbem-18291	629	11	p.	p.	NOUN
fbem-18291	629	12	(	(	PUNCT
fbem-18291	629	13	2015	2015	NUM
fbem-18291	629	14	)	)	PUNCT
fbem-18291	629	15	.	.	PUNCT
fbem-18291	630	1	internet	internet	NOUN
fbem-18291	630	2	finance	finance	NOUN
fbem-18291	630	3	,	,	PUNCT
fbem-18291	630	4	technology	technology	NOUN
fbem-18291	630	5	spillover	spillover	NOUN
fbem-18291	630	6	,	,	PUNCT
fbem-18291	630	7	and	and	CCONJ
fbem-18291	630	8	total	total	ADJ
fbem-18291	630	9	factor	factor	NOUN
fbem-18291	630	10	productivity	productivity	NOUN
fbem-18291	630	11	of	of	ADP
fbem-18291	630	12	commercial	commercial	ADJ
fbem-18291	630	13	banks	bank	NOUN
fbem-18291	630	14	.	.	PUNCT
fbem-18291	631	1	financial	financial	ADJ
fbem-18291	631	2	research	research	NOUN
fbem-18291	631	3	,	,	PUNCT
fbem-18291	631	4	(	(	PUNCT
fbem-18291	631	5	03	03	NUM
fbem-18291	631	6	)	)	PUNCT
fbem-18291	631	7	,	,	PUNCT
fbem-18291	631	8	160	160	NUM
fbem-18291	631	9	-	-	SYM
fbem-18291	631	10	175	175	NUM
fbem-18291	631	11	.	.	PUNCT
fbem-18291	632	1	[	[	X
fbem-18291	632	2	62	62	NUM
fbem-18291	632	3	]	]	SYM
fbem-18291	632	4	soprano	soprano	NOUN
fbem-18291	632	5	,	,	PUNCT
fbem-18291	632	6	a.	a.	NOUN
fbem-18291	632	7	(	(	PUNCT
fbem-18291	632	8	2015	2015	NUM
fbem-18291	632	9	)	)	PUNCT
fbem-18291	632	10	liquidity	liquidity	NOUN
fbem-18291	632	11	management	management	NOUN
fbem-18291	632	12	:	:	PUNCT
fbem-18291	632	13	a	a	DET
fbem-18291	632	14	funding	funding	NOUN
fbem-18291	632	15	risk	risk	NOUN
fbem-18291	632	16	handbook	handbook	NOUN
fbem-18291	632	17	.	.	PUNCT
fbem-18291	633	1	hoboken	hoboken	PROPN
fbem-18291	633	2	:	:	PUNCT
fbem-18291	633	3	wiley	wiley	PROPN
fbem-18291	633	4	.	.	PUNCT
fbem-18291	634	1	srivastav	srivastav	PROPN
fbem-18291	634	2	,	,	PUNCT
fbem-18291	634	3	a.k	a.k	PROPN
fbem-18291	634	4	.	.	PROPN
fbem-18291	635	1	(	(	PUNCT
fbem-18291	635	2	2020	2020	NUM
fbem-18291	635	3	)	)	PUNCT
fbem-18291	635	4	.	.	PUNCT
fbem-18291	636	1	non	non	ADJ
fbem-18291	636	2	-	-	ADJ
fbem-18291	636	3	interest	interest	ADJ
fbem-18291	636	4	income	income	NOUN
fbem-18291	636	5	of	of	ADP
fbem-18291	636	6	banks	bank	NOUN
fbem-18291	636	7	(	(	PUNCT
fbem-18291	636	8	definition	definition	NOUN
fbem-18291	636	9	)	)	PUNCT
fbem-18291	637	1	|	|	ADP
fbem-18291	637	2	examples	example	NOUN
fbem-18291	637	3	and	and	CCONJ
fbem-18291	637	4	list	list	NOUN
fbem-18291	637	5	.	.	PUNCT
fbem-18291	638	1	[	[	X
fbem-18291	638	2	online	online	X
fbem-18291	638	3	]	]	X
fbem-18291	638	4	wallstreetmojo	wallstreetmojo	NOUN
fbem-18291	638	5	.	.	PUNCT
fbem-18291	639	1	available	available	ADJ
fbem-18291	639	2	at	at	ADP
fbem-18291	639	3	:	:	PUNCT
fbem-18291	639	4	https://www.wallstreetmojo.com/non-interestincome/.	https://www.wallstreetmojo.com/non-interestincome/.	PROPN
fbem-18291	639	5	[	[	X
fbem-18291	639	6	63	63	NUM
fbem-18291	639	7	]	]	SYM
fbem-18291	639	8	stoica	stoica	ADJ
fbem-18291	639	9	,	,	PUNCT
fbem-18291	639	10	o.	o.	PROPN
fbem-18291	639	11	,	,	PUNCT
fbem-18291	639	12	mehdian	mehdian	PROPN
fbem-18291	639	13	,	,	PUNCT
fbem-18291	639	14	s.	s.	PROPN
fbem-18291	639	15	,	,	PUNCT
fbem-18291	639	16	&	&	CCONJ
fbem-18291	639	17	sargu	sargu	PROPN
fbem-18291	639	18	,	,	PUNCT
fbem-18291	639	19	a.	a.	NOUN
fbem-18291	639	20	(	(	PUNCT
fbem-18291	639	21	2015	2015	NUM
fbem-18291	639	22	)	)	PUNCT
fbem-18291	639	23	.	.	PUNCT
fbem-18291	640	1	the	the	DET
fbem-18291	640	2	impact	impact	NOUN
fbem-18291	640	3	of	of	ADP
fbem-18291	640	4	internet	internet	NOUN
fbem-18291	640	5	banking	banking	NOUN
fbem-18291	640	6	on	on	ADP
fbem-18291	640	7	the	the	DET
fbem-18291	640	8	performance	performance	NOUN
fbem-18291	640	9	of	of	ADP
fbem-18291	640	10	romanian	romanian	ADJ
fbem-18291	640	11	banks	bank	NOUN
fbem-18291	640	12	:	:	PUNCT
fbem-18291	640	13	dea	dea	NOUN
fbem-18291	640	14	and	and	CCONJ
fbem-18291	640	15	pca	pca	PROPN
fbem-18291	640	16	approach	approach	NOUN
fbem-18291	640	17	.	.	PUNCT
fbem-18291	641	1	procedia	procedia	ADJ
fbem-18291	641	2	economics	economic	NOUN
fbem-18291	641	3	and	and	CCONJ
fbem-18291	641	4	finance	finance	NOUN
fbem-18291	641	5	,	,	PUNCT
fbem-18291	641	6	20	20	NUM
fbem-18291	641	7	,	,	PUNCT
fbem-18291	641	8	610622	610622	NUM
fbem-18291	642	1	[	[	X
fbem-18291	642	2	64	64	NUM
fbem-18291	642	3	]	]	PUNCT
fbem-18291	642	4	sun	sun	NOUN
fbem-18291	642	5	,	,	PUNCT
fbem-18291	642	6	q.	q.	PROPN
fbem-18291	642	7	,	,	PUNCT
fbem-18291	642	8	&	&	CCONJ
fbem-18291	642	9	ren	ren	PROPN
fbem-18291	642	10	,	,	PUNCT
fbem-18291	642	11	y.	y.	PROPN
fbem-18291	642	12	(	(	PUNCT
fbem-18291	642	13	2021	2021	NUM
fbem-18291	642	14	)	)	PUNCT
fbem-18291	642	15	.	.	PUNCT
fbem-18291	643	1	reflections	reflection	NOUN
fbem-18291	643	2	on	on	ADP
fbem-18291	643	3	the	the	DET
fbem-18291	643	4	strategic	strategic	ADJ
fbem-18291	643	5	models	model	NOUN
fbem-18291	643	6	of	of	ADP
fbem-18291	643	7	commercial	commercial	ADJ
fbem-18291	643	8	banks	bank	NOUN
fbem-18291	643	9	in	in	ADP
fbem-18291	643	10	the	the	DET
fbem-18291	643	11	fintech	fintech	NOUN
fbem-18291	643	12	era	era	NOUN
fbem-18291	643	13	.	.	PUNCT
fbem-18291	644	1	modern	modern	ADJ
fbem-18291	644	2	marketing	marketing	NOUN
fbem-18291	644	3	(	(	PUNCT
fbem-18291	644	4	management	management	NOUN
fbem-18291	644	5	edition	edition	NOUN
fbem-18291	644	6	)	)	PUNCT
fbem-18291	644	7	,	,	PUNCT
fbem-18291	644	8	(	(	PUNCT
fbem-18291	644	9	01	01	NUM
fbem-18291	644	10	)	)	PUNCT
fbem-18291	644	11	,	,	PUNCT
fbem-18291	644	12	102	102	NUM
fbem-18291	644	13	-	-	SYM
fbem-18291	644	14	103	103	NUM
fbem-18291	644	15	[	[	NOUN
fbem-18291	644	16	65	65	NUM
fbem-18291	644	17	]	]	X
fbem-18291	644	18	tai	tai	PROPN
fbem-18291	644	19	,	,	PUNCT
fbem-18291	644	20	l.	l.	PROPN
fbem-18291	644	21	(	(	PUNCT
fbem-18291	644	22	2020	2020	NUM
fbem-18291	644	23	)	)	PUNCT
fbem-18291	644	24	.	.	PUNCT
fbem-18291	645	1	burst	burst	PROPN
fbem-18291	645	2	!	!	PUNCT
fbem-18291	646	1	alipay	alipay	PROPN
fbem-18291	646	2	removed	remove	VERB
fbem-18291	646	3	this	this	DET
fbem-18291	646	4	kind	kind	NOUN
fbem-18291	646	5	of	of	ADP
fbem-18291	646	6	deposit	deposit	NOUN
fbem-18291	646	7	service	service	NOUN
fbem-18291	646	8	,	,	PUNCT
fbem-18291	646	9	what	what	PRON
fbem-18291	646	10	happened	happen	VERB
fbem-18291	646	11	?	?	PUNCT
fbem-18291	647	1	ant	ant	ADJ
fbem-18291	647	2	group	group	NOUN
fbem-18291	647	3	responds	respond	VERB
fbem-18291	647	4	.	.	PUNCT
fbem-18291	648	1	[	[	X
fbem-18291	648	2	online	online	X
fbem-18291	648	3	]	]	X
fbem-18291	648	4	news.stcn.com	news.stcn.com	PROPN
fbem-18291	648	5	.	.	PUNCT
fbem-18291	648	6	available	available	ADJ
fbem-18291	648	7	at	at	ADP
fbem-18291	648	8	:	:	PUNCT
fbem-18291	648	9	https://news.stcn.com/sd/202012/t20201218_2641223.html	https://news.stcn.com/sd/202012/t20201218_2641223.html	PROPN
fbem-18291	649	1	[	[	X
fbem-18291	649	2	accessed	access	VERB
fbem-18291	649	3	9	9	NUM
fbem-18291	649	4	sep	sep	NOUN
fbem-18291	649	5	.	.	PUNCT
fbem-18291	649	6	2023	2023	NUM
fbem-18291	649	7	]	]	PUNCT
fbem-18291	649	8	.	.	PUNCT
fbem-18291	650	1	[	[	X
fbem-18291	650	2	66	66	NUM
fbem-18291	650	3	]	]	PUNCT
fbem-18291	650	4	temelkov	temelkov	NOUN
fbem-18291	650	5	,	,	PUNCT
fbem-18291	650	6	z.	z.	PROPN
fbem-18291	650	7	(	(	PUNCT
fbem-18291	650	8	2018	2018	NUM
fbem-18291	650	9	)	)	PUNCT
fbem-18291	650	10	.	.	PUNCT
fbem-18291	651	1	fintech	fintech	NOUN
fbem-18291	651	2	firms	firm	NOUN
fbem-18291	651	3	:	:	PUNCT
fbem-18291	651	4	opportunity	opportunity	NOUN
fbem-18291	651	5	or	or	CCONJ
fbem-18291	651	6	threat	threat	NOUN
fbem-18291	651	7	for	for	ADP
fbem-18291	651	8	banks	bank	NOUN
fbem-18291	651	9	?	?	PUNCT
fbem-18291	652	1	international	international	ADJ
fbem-18291	652	2	journal	journal	NOUN
fbem-18291	652	3	of	of	ADP
fbem-18291	652	4	information	information	NOUN
fbem-18291	652	5	,	,	PUNCT
fbem-18291	652	6	business	business	NOUN
fbem-18291	652	7	and	and	CCONJ
fbem-18291	652	8	management	management	NOUN
fbem-18291	652	9	,	,	PUNCT
fbem-18291	652	10	10(1	10(1	NUM
fbem-18291	652	11	)	)	PUNCT
fbem-18291	652	12	,	,	PUNCT
fbem-18291	652	13	137	137	NUM
fbem-18291	652	14	-	-	SYM
fbem-18291	652	15	143	143	NUM
fbem-18291	652	16	300	300	NUM
fbem-18291	653	1	[	[	X
fbem-18291	653	2	67	67	NUM
fbem-18291	653	3	]	]	X
fbem-18291	653	4	thakor	thakor	PROPN
fbem-18291	653	5	,	,	PUNCT
fbem-18291	653	6	a.	a.	PROPN
fbem-18291	653	7	v.	v.	PROPN
fbem-18291	653	8	(	(	PUNCT
fbem-18291	653	9	2014	2014	NUM
fbem-18291	653	10	)	)	PUNCT
fbem-18291	653	11	incentives	incentive	VERB
fbem-18291	653	12	to	to	PART
fbem-18291	653	13	innovate	innovate	VERB
fbem-18291	653	14	and	and	CCONJ
fbem-18291	653	15	financial	financial	ADJ
fbem-18291	653	16	crises	crisis	NOUN
fbem-18291	653	17	.	.	PUNCT
fbem-18291	654	1	ssrn	ssrn	PROPN
fbem-18291	654	2	.	.	PUNCT
fbem-18291	655	1	doi	doi	NOUN
fbem-18291	655	2	:	:	PUNCT
fbem-18291	655	3	10.2139	10.2139	NUM
fbem-18291	655	4	/	/	SYM
fbem-18291	655	5	ssrn.1786855	ssrn.1786855	PROPN
fbem-18291	655	6	.	.	PUNCT
fbem-18291	656	1	[	[	X
fbem-18291	656	2	68	68	NUM
fbem-18291	656	3	]	]	PUNCT
fbem-18291	656	4	the	the	DET
fbem-18291	656	5	state	state	PROPN
fbem-18291	656	6	council	council	PROPN
fbem-18291	656	7	(	(	PUNCT
fbem-18291	656	8	2019	2019	NUM
fbem-18291	656	9	)	)	PUNCT
fbem-18291	656	10	.	.	PUNCT
fbem-18291	657	1	the	the	DET
fbem-18291	657	2	state	state	PROPN
fbem-18291	657	3	council	council	PROPN
fbem-18291	657	4	of	of	ADP
fbem-18291	657	5	the	the	DET
fbem-18291	657	6	people	people	NOUN
fbem-18291	657	7	’s	’s	PART
fbem-18291	657	8	republic	republic	NOUN
fbem-18291	657	9	of	of	ADP
fbem-18291	657	10	china	china	PROPN
fbem-18291	657	11	.	.	PUNCT
fbem-18291	658	1	[	[	X
fbem-18291	658	2	online	online	X
fbem-18291	658	3	]	]	X
fbem-18291	658	4	www.gov.cn	www.gov.cn	X
fbem-18291	658	5	.	.	X
fbem-18291	658	6	available	available	ADJ
fbem-18291	658	7	at	at	ADP
fbem-18291	658	8	:	:	PUNCT
fbem-18291	658	9	http://english.www.gov.cn/.	http://english.www.gov.cn/.	PROPN
fbem-18291	658	10	[	[	X
fbem-18291	658	11	69	69	NUM
fbem-18291	658	12	]	]	PUNCT
fbem-18291	658	13	the	the	DET
fbem-18291	658	14	university	university	NOUN
fbem-18291	658	15	of	of	ADP
fbem-18291	658	16	bath	bath	NOUN
fbem-18291	658	17	(	(	PUNCT
fbem-18291	658	18	2021	2021	NUM
fbem-18291	658	19	)	)	PUNCT
fbem-18291	658	20	.	.	PUNCT
fbem-18291	659	1	how	how	SCONJ
fbem-18291	659	2	fintech	fintech	NOUN
fbem-18291	659	3	is	be	AUX
fbem-18291	659	4	changing	change	VERB
fbem-18291	659	5	the	the	DET
fbem-18291	659	6	future	future	NOUN
fbem-18291	659	7	of	of	ADP
fbem-18291	659	8	traditional	traditional	ADJ
fbem-18291	659	9	banking	banking	NOUN
fbem-18291	659	10	.	.	PUNCT
fbem-18291	660	1	[	[	X
fbem-18291	660	2	online	online	X
fbem-18291	660	3	]	]	X
fbem-18291	660	4	the	the	DET
fbem-18291	660	5	university	university	NOUN
fbem-18291	660	6	of	of	ADP
fbem-18291	660	7	bath	bath	NOUN
fbem-18291	660	8	.	.	PUNCT
fbem-18291	661	1	available	available	ADJ
fbem-18291	661	2	at	at	ADP
fbem-18291	661	3	:	:	PUNCT
fbem-18291	661	4	https://online.bath.ac.uk/articles/impact-offintech-on-banking	https://online.bath.ac.uk/articles/impact-offintech-on-banke	VERB
fbem-18291	661	5	.	.	PUNCT
fbem-18291	662	1	[	[	X
fbem-18291	662	2	70	70	NUM
fbem-18291	662	3	]	]	X
fbem-18291	662	4	tian	tian	PROPN
fbem-18291	662	5	,	,	PUNCT
fbem-18291	662	6	j.	j.	PROPN
fbem-18291	662	7	,	,	PUNCT
fbem-18291	662	8	&	&	CCONJ
fbem-18291	662	9	liu	liu	PROPN
fbem-18291	662	10	,	,	PUNCT
fbem-18291	662	11	x.	x.	NOUN
fbem-18291	662	12	(	(	PUNCT
fbem-18291	662	13	2019	2019	NUM
fbem-18291	662	14	)	)	PUNCT
fbem-18291	662	15	.	.	PUNCT
fbem-18291	663	1	social	social	ADJ
fbem-18291	663	2	network	network	NOUN
fbem-18291	663	3	attention	attention	NOUN
fbem-18291	663	4	in	in	ADP
fbem-18291	663	5	fintech	fintech	NOUN
fbem-18291	663	6	:	:	PUNCT
fbem-18291	663	7	theoretical	theoretical	ADJ
fbem-18291	663	8	model	model	NOUN
fbem-18291	663	9	and	and	CCONJ
fbem-18291	663	10	empirical	empirical	ADJ
fbem-18291	663	11	analysis	analysis	NOUN
fbem-18291	663	12	.	.	PUNCT
fbem-18291	664	1	financial	financial	ADJ
fbem-18291	664	2	forum	forum	PROPN
fbem-18291	664	3	,	,	PUNCT
fbem-18291	664	4	24(1	24(1	NUM
fbem-18291	664	5	)	)	PUNCT
fbem-18291	664	6	,	,	PUNCT
fbem-18291	664	7	67	67	NUM
fbem-18291	664	8	-	-	SYM
fbem-18291	664	9	80	80	NUM
fbem-18291	664	10	.	.	PUNCT
fbem-18291	665	1	[	[	X
fbem-18291	665	2	71	71	NUM
fbem-18291	665	3	]	]	X
fbem-18291	665	4	tian	tian	PROPN
fbem-18291	665	5	,	,	PUNCT
fbem-18291	665	6	j.	j.	PROPN
fbem-18291	665	7	,	,	PUNCT
fbem-18291	665	8	&	&	CCONJ
fbem-18291	665	9	liu	liu	PROPN
fbem-18291	665	10	,	,	PUNCT
fbem-18291	665	11	x.	x.	NOUN
fbem-18291	665	12	(	(	PUNCT
fbem-18291	665	13	2019	2019	NUM
fbem-18291	665	14	)	)	PUNCT
fbem-18291	665	15	.	.	PUNCT
fbem-18291	666	1	social	social	ADJ
fbem-18291	666	2	network	network	NOUN
fbem-18291	666	3	attention	attention	NOUN
fbem-18291	666	4	of	of	ADP
fbem-18291	666	5	fintech	fintech	NOUN
fbem-18291	666	6	:	:	PUNCT
fbem-18291	666	7	theoretical	theoretical	ADJ
fbem-18291	666	8	model	model	NOUN
fbem-18291	666	9	and	and	CCONJ
fbem-18291	666	10	empirical	empirical	ADJ
fbem-18291	666	11	analysis	analysis	NOUN
fbem-18291	666	12	.	.	PUNCT
fbem-18291	667	1	financial	financial	ADJ
fbem-18291	667	2	forum	forum	PROPN
fbem-18291	667	3	,	,	PUNCT
fbem-18291	667	4	24(1	24(1	NUM
fbem-18291	667	5	)	)	PUNCT
fbem-18291	667	6	,	,	PUNCT
fbem-18291	667	7	67	67	NUM
fbem-18291	667	8	-	-	SYM
fbem-18291	667	9	80	80	NUM
fbem-18291	667	10	.	.	PUNCT
fbem-18291	668	1	[	[	X
fbem-18291	668	2	72	72	NUM
fbem-18291	668	3	]	]	X
fbem-18291	668	4	wan	wan	PROPN
fbem-18291	668	5	,	,	PUNCT
fbem-18291	668	6	m.	m.	NOUN
fbem-18291	668	7	(	(	PUNCT
fbem-18291	668	8	2021	2021	NUM
fbem-18291	668	9	)	)	PUNCT
fbem-18291	668	10	.	.	PUNCT
fbem-18291	669	1	the	the	DET
fbem-18291	669	2	end	end	NOUN
fbem-18291	669	3	of	of	ADP
fbem-18291	669	4	the	the	DET
fbem-18291	669	5	internet	internet	NOUN
fbem-18291	669	6	can	can	AUX
fbem-18291	669	7	not	not	PART
fbem-18291	669	8	be	be	AUX
fbem-18291	669	9	lending	lend	VERB
fbem-18291	669	10	,	,	PUNCT
fbem-18291	669	11	the	the	DET
fbem-18291	669	12	central	central	ADJ
fbem-18291	669	13	bank	bank	NOUN
fbem-18291	669	14	and	and	CCONJ
fbem-18291	669	15	other	other	ADJ
fbem-18291	669	16	financial	financial	ADJ
fbem-18291	669	17	authorities	authority	NOUN
fbem-18291	669	18	interviewed	interview	VERB
fbem-18291	669	19	13	13	NUM
fbem-18291	669	20	online	online	ADJ
fbem-18291	669	21	platforms	platform	NOUN
fbem-18291	669	22	.	.	PUNCT
fbem-18291	670	1	[	[	X
fbem-18291	670	2	online	online	X
fbem-18291	670	3	]	]	X
fbem-18291	670	4	www.eeo.com.cn	www.eeo.com.cn	X
fbem-18291	670	5	.	.	PUNCT
fbem-18291	671	1	available	available	ADJ
fbem-18291	671	2	at	at	ADP
fbem-18291	671	3	:	:	PUNCT
fbem-18291	671	4	http://www.eeo.com.cn/2021/0430/486702.shtml	http://www.eeo.com.cn/2021/0430/486702.shtml	PROPN
fbem-18291	671	5	[	[	X
fbem-18291	671	6	accessed	access	VERB
fbem-18291	671	7	24	24	NUM
fbem-18291	671	8	aug	aug	NOUN
fbem-18291	671	9	.	.	PROPN
fbem-18291	671	10	2023	2023	NUM
fbem-18291	671	11	]	]	PUNCT
fbem-18291	671	12	.	.	PUNCT
fbem-18291	672	1	[	[	X
fbem-18291	672	2	73	73	NUM
fbem-18291	672	3	]	]	X
fbem-18291	672	4	wang	wang	PROPN
fbem-18291	672	5	,	,	PUNCT
fbem-18291	672	6	j.	j.	PROPN
fbem-18291	672	7	(	(	PUNCT
fbem-18291	672	8	2020	2020	NUM
fbem-18291	672	9	)	)	PUNCT
fbem-18291	672	10	.	.	PUNCT
fbem-18291	673	1	the	the	DET
fbem-18291	673	2	impact	impact	NOUN
fbem-18291	673	3	of	of	ADP
fbem-18291	673	4	financial	financial	ADJ
fbem-18291	673	5	technology	technology	NOUN
fbem-18291	673	6	on	on	ADP
fbem-18291	673	7	the	the	DET
fbem-18291	673	8	profitability	profitability	NOUN
fbem-18291	673	9	of	of	ADP
fbem-18291	673	10	commercial	commercial	ADJ
fbem-18291	673	11	banks	bank	NOUN
fbem-18291	673	12	'	'	PART
fbem-18291	673	13	retail	retail	ADJ
fbem-18291	673	14	business	business	NOUN
fbem-18291	673	15	.	.	PUNCT
fbem-18291	674	1	hubei	hubei	PROPN
fbem-18291	674	2	social	social	PROPN
fbem-18291	674	3	sciences	sciences	PROPN
fbem-18291	674	4	,	,	PUNCT
fbem-18291	674	5	406(10	406(10	NUM
fbem-18291	674	6	)	)	PUNCT
fbem-18291	674	7	,	,	PUNCT
fbem-18291	674	8	81	81	NUM
fbem-18291	674	9	-	-	SYM
fbem-18291	674	10	88	88	NUM
fbem-18291	674	11	[	[	X
fbem-18291	674	12	74	74	NUM
fbem-18291	674	13	]	]	PUNCT
fbem-18291	674	14	www.ceicdata.com	www.ceicdata.com	X
fbem-18291	674	15	.	.	PUNCT
fbem-18291	674	16	(	(	PUNCT
fbem-18291	674	17	2023	2023	NUM
fbem-18291	674	18	)	)	PUNCT
fbem-18291	674	19	.	.	PUNCT
fbem-18291	675	1	china	china	PROPN
fbem-18291	675	2	reverse	reverse	PROPN
fbem-18291	675	3	repurchase	repurchase	NOUN
fbem-18291	675	4	rate	rate	NOUN
fbem-18291	675	5	:	:	PUNCT
fbem-18291	675	6	central	central	ADJ
fbem-18291	675	7	bank	bank	NOUN
fbem-18291	675	8	:	:	PUNCT
fbem-18291	675	9	7	7	NUM
fbem-18291	675	10	day	day	NOUN
fbem-18291	675	11	.	.	PUNCT
fbem-18291	676	1	[	[	X
fbem-18291	676	2	online	online	X
fbem-18291	676	3	]	]	X
fbem-18291	676	4	available	available	ADJ
fbem-18291	676	5	at	at	ADP
fbem-18291	676	6	:	:	PUNCT
fbem-18291	676	7	https://www.ceicdata.com/zh-hans/china/open-marketoperation-daily/cn-reverse-repurchase-rate-central-bank-7-day	https://www.ceicdata.com/zh-hans/china/open-marketoperation-daily/cn-reverse-repurchase-rate-central-bank-7-day	PROPN
fbem-18291	677	1	[	[	X
fbem-18291	677	2	accessed	access	VERB
fbem-18291	677	3	9	9	NUM
fbem-18291	677	4	sep	sep	NOUN
fbem-18291	677	5	.	.	PUNCT
fbem-18291	677	6	2023	2023	NUM
fbem-18291	677	7	]	]	PUNCT
fbem-18291	677	8	.	.	PUNCT
fbem-18291	678	1	[	[	X
fbem-18291	678	2	75	75	NUM
fbem-18291	678	3	]	]	X
fbem-18291	678	4	xinmeng	xinmeng	PROPN
fbem-18291	678	5	fan	fan	PROPN
fbem-18291	678	6	(	(	PUNCT
fbem-18291	678	7	2020	2020	NUM
fbem-18291	678	8	)	)	PUNCT
fbem-18291	678	9	.	.	PUNCT
fbem-18291	679	1	notice	notice	VERB
fbem-18291	679	2	on	on	ADP
fbem-18291	679	3	further	far	ADV
fbem-18291	679	4	strengthening	strengthen	VERB
fbem-18291	679	5	financial	financial	ADJ
fbem-18291	679	6	support	support	NOUN
fbem-18291	679	7	for	for	ADP
fbem-18291	679	8	prevention	prevention	NOUN
fbem-18291	679	9	and	and	CCONJ
fbem-18291	679	10	control	control	NOUN
fbem-18291	679	11	of	of	ADP
fbem-18291	679	12	the	the	DET
fbem-18291	679	13	novel	novel	ADJ
fbem-18291	679	14	coronavirus	coronavirus	NOUN
fbem-18291	679	15	pneumonia	pneumonia	NOUN
fbem-18291	679	16	epidemic	epidemic	NOUN
fbem-18291	679	17	.	.	PUNCT
fbem-18291	680	1	[	[	X
fbem-18291	680	2	online	online	X
fbem-18291	680	3	]	]	X
fbem-18291	680	4	www.gov.cn	www.gov.cn	X
fbem-18291	680	5	.	.	X
fbem-18291	680	6	available	available	ADJ
fbem-18291	680	7	at	at	ADP
fbem-18291	680	8	:	:	PUNCT
fbem-18291	680	9	https://www.gov.cn/zhengce/zhengceku/202002/01/content_5473639.htm	https://www.gov.cn/zhengce/zhengceku/202002/01/content_5473639.htm	PROPN
fbem-18291	681	1	[	[	X
fbem-18291	681	2	accessed	access	VERB
fbem-18291	681	3	25	25	NUM
fbem-18291	681	4	aug	aug	NOUN
fbem-18291	681	5	.	.	PROPN
fbem-18291	681	6	2023	2023	NUM
fbem-18291	681	7	]	]	PUNCT
fbem-18291	681	8	.	.	PUNCT
fbem-18291	682	1	[	[	X
fbem-18291	682	2	76	76	NUM
fbem-18291	682	3	]	]	X
fbem-18291	682	4	yang	yang	PROPN
fbem-18291	682	5	,	,	PUNCT
fbem-18291	682	6	m.	m.	NOUN
fbem-18291	682	7	,	,	PUNCT
fbem-18291	682	8	&	&	CCONJ
fbem-18291	682	9	wu	wu	PROPN
fbem-18291	682	10	,	,	PUNCT
fbem-18291	682	11	s.	s.	PROPN
fbem-18291	682	12	(	(	PUNCT
fbem-18291	682	13	2020	2020	NUM
fbem-18291	682	14	)	)	PUNCT
fbem-18291	682	15	.	.	PUNCT
fbem-18291	683	1	technological	technological	ADJ
fbem-18291	683	2	innovation	innovation	NOUN
fbem-18291	683	3	and	and	CCONJ
fbem-18291	683	4	banking	banking	NOUN
fbem-18291	683	5	industry	industry	NOUN
fbem-18291	683	6	development	development	NOUN
fbem-18291	683	7	:	:	PUNCT
fbem-18291	683	8	evolutionary	evolutionary	ADJ
fbem-18291	683	9	process	process	NOUN
fbem-18291	683	10	and	and	CCONJ
fbem-18291	683	11	prospects	prospect	NOUN
fbem-18291	683	12	.	.	PUNCT
fbem-18291	684	1	xinjinrong	xinjinrong	PROPN
fbem-18291	684	2	,	,	PUNCT
fbem-18291	684	3	383(12	383(12	NUM
fbem-18291	684	4	)	)	PUNCT
fbem-18291	684	5	,	,	PUNCT
fbem-18291	684	6	33	33	NUM
fbem-18291	684	7	-	-	SYM
fbem-18291	684	8	37	37	NUM
fbem-18291	684	9	[	[	X
fbem-18291	684	10	77	77	NUM
fbem-18291	684	11	]	]	SYM
fbem-18291	684	12	zero	zero	NUM
fbem-18291	684	13	one	one	NUM
fbem-18291	684	14	finance	finance	NOUN
fbem-18291	684	15	and	and	CCONJ
fbem-18291	684	16	central	central	ADJ
fbem-18291	684	17	china	china	PROPN
fbem-18291	684	18	new	new	PROPN
fbem-18291	684	19	financial	financial	PROPN
fbem-18291	684	20	research	research	PROPN
fbem-18291	684	21	institute	institute	PROPN
fbem-18291	684	22	.	.	PUNCT
fbem-18291	685	1	(	(	PUNCT
fbem-18291	685	2	2017	2017	NUM
fbem-18291	685	3	)	)	PUNCT
fbem-18291	685	4	.	.	PUNCT
fbem-18291	686	1	"	"	PUNCT
fbem-18291	686	2	global	global	ADJ
fbem-18291	686	3	financial	financial	ADJ
fbem-18291	686	4	technology	technology	NOUN
fbem-18291	686	5	investment	investment	NOUN
fbem-18291	686	6	and	and	CCONJ
fbem-18291	686	7	financing	financing	NOUN
fbem-18291	686	8	index	index	NOUN
fbem-18291	686	9	report	report	NOUN
fbem-18291	686	10	[	[	X
fbem-18291	686	11	eb	eb	PROPN
fbem-18291	686	12	/	/	SYM
fbem-18291	686	13	ol	ol	PROPN
fbem-18291	686	14	]	]	PUNCT
fbem-18291	686	15	.	.	PUNCT
fbem-18291	686	16	"	"	PUNCT
fbem-18291	686	17	retrieved	retrieve	VERB
fbem-18291	686	18	january	january	PROPN
fbem-18291	686	19	21	21	NUM
fbem-18291	686	20	,	,	PUNCT
fbem-18291	686	21	2017	2017	NUM
fbem-18291	686	22	,	,	PUNCT
fbem-18291	686	23	from	from	ADP
fbem-18291	686	24	http://www.01caijing.com/article/13550.htm	http://www.01caijing.com/article/13550.htm	PROPN
fbem-18291	686	25	.	.	PUNCT
fbem-18291	687	1	[	[	X
fbem-18291	687	2	78	78	NUM
fbem-18291	687	3	]	]	X
fbem-18291	687	4	zhang	zhang	PROPN
fbem-18291	687	5	,	,	PUNCT
fbem-18291	687	6	z.	z.	PROPN
fbem-18291	687	7	,	,	PUNCT
fbem-18291	687	8	yin	yin	PROPN
fbem-18291	687	9	,	,	PUNCT
fbem-18291	687	10	z.	z.	PROPN
fbem-18291	687	11	,	,	PUNCT
fbem-18291	687	12	gao	gao	PROPN
fbem-18291	687	13	,	,	PUNCT
fbem-18291	687	14	s.	s.	PROPN
fbem-18291	687	15	,	,	PUNCT
fbem-18291	687	16	et	et	PROPN
fbem-18291	687	17	al	al	PROPN
fbem-18291	687	18	.	.	PROPN
fbem-18291	687	19	2021	2021	NUM
fbem-18291	687	20	,	,	PUNCT
fbem-18291	687	21	"	"	PUNCT
fbem-18291	687	22	analysis	analysis	NOUN
fbem-18291	687	23	of	of	ADP
fbem-18291	687	24	factors	factor	NOUN
fbem-18291	687	25	affecting	affect	VERB
fbem-18291	687	26	the	the	DET
fbem-18291	687	27	estimation	estimation	NOUN
fbem-18291	687	28	accuracy	accuracy	NOUN
fbem-18291	687	29	of	of	ADP
fbem-18291	687	30	different	different	ADJ
fbem-18291	687	31	industries	industry	NOUN
fbem-18291	687	32	'	'	PART
fbem-18291	687	33	gdp	gdp	NOUN
fbem-18291	687	34	based	base	VERB
fbem-18291	687	35	on	on	ADP
fbem-18291	687	36	nighttime	nighttime	ADJ
fbem-18291	687	37	light	light	NOUN
fbem-18291	687	38	remote	remote	ADJ
fbem-18291	687	39	sensing	sense	VERB
fbem-18291	687	40	data	datum	NOUN
fbem-18291	687	41	:	:	PUNCT
fbem-18291	687	42	a	a	DET
fbem-18291	687	43	case	case	NOUN
fbem-18291	687	44	study	study	NOUN
fbem-18291	687	45	of	of	ADP
fbem-18291	687	46	16	16	NUM
fbem-18291	687	47	coastal	coastal	ADJ
fbem-18291	687	48	cities	city	NOUN
fbem-18291	687	49	in	in	ADP
fbem-18291	687	50	china	china	PROPN
fbem-18291	687	51	,	,	PUNCT
fbem-18291	687	52	"	"	PUNCT
fbem-18291	687	53	remote	remote	ADJ
fbem-18291	687	54	sensing	sense	VERB
fbem-18291	687	55	information	information	NOUN
fbem-18291	687	56	,	,	PUNCT
fbem-18291	687	57	vol	vol	NOUN
fbem-18291	687	58	.	.	PROPN
fbem-18291	687	59	36	36	NUM
fbem-18291	687	60	,	,	PUNCT
fbem-18291	687	61	no	no	INTJ
fbem-18291	687	62	.	.	NOUN
fbem-18291	687	63	4	4	NUM
fbem-18291	687	64	,	,	PUNCT
fbem-18291	687	65	pp	pp	ADJ
fbem-18291	687	66	.	.	PUNCT
fbem-18291	688	1	28	28	NUM
fbem-18291	688	2	-	-	SYM
fbem-18291	688	3	37	37	NUM