id	sid	tid	token	lemma	pos
fbem-8484	1	1	frontiers	frontier	NOUN
fbem-8484	1	2	in	in	ADP
fbem-8484	1	3	business	business	NOUN
fbem-8484	1	4	,	,	PUNCT
fbem-8484	1	5	economics	economic	NOUN
fbem-8484	1	6	and	and	CCONJ
fbem-8484	1	7	management	management	NOUN
fbem-8484	1	8	issn	issn	PROPN
fbem-8484	1	9	:	:	PUNCT
fbem-8484	1	10	2766	2766	NUM
fbem-8484	1	11	-	-	PUNCT
fbem-8484	1	12	824x	824x	NUM
fbem-8484	1	13	|	|	ADJ
fbem-8484	1	14	vol	vol	NOUN
fbem-8484	1	15	.	.	PROPN
fbem-8484	2	1	9	9	NUM
fbem-8484	2	2	,	,	PUNCT
fbem-8484	2	3	no	no	INTJ
fbem-8484	2	4	.	.	NOUN
fbem-8484	2	5	1	1	NUM
fbem-8484	2	6	,	,	PUNCT
fbem-8484	2	7	2023	2023	NUM
fbem-8484	2	8	132	132	NUM
fbem-8484	2	9	does	do	VERB
fbem-8484	2	10	interest	interest	NOUN
fbem-8484	2	11	rate	rate	NOUN
fbem-8484	2	12	liberalization	liberalization	NOUN
fbem-8484	2	13	lead	lead	NOUN
fbem-8484	2	14	to	to	ADP
fbem-8484	2	15	the	the	DET
fbem-8484	2	16	narrowing	narrowing	NOUN
fbem-8484	2	17	of	of	ADP
fbem-8484	2	18	commercial	commercial	ADJ
fbem-8484	2	19	banks	bank	NOUN
fbem-8484	2	20	’	’	PART
fbem-8484	2	21	interest	interest	NOUN
fbem-8484	2	22	margins	margin	NOUN
fbem-8484	2	23	?	?	PUNCT
fbem-8484	3	1	-empirical	-empirical	ADJ
fbem-8484	3	2	evidence	evidence	NOUN
fbem-8484	3	3	from	from	ADP
fbem-8484	3	4	nearly	nearly	ADV
fbem-8484	3	5	a	a	PRON
fbem-8484	3	6	decade	decade	NOUN
fbem-8484	3	7	in	in	ADP
fbem-8484	3	8	china	china	PROPN
fbem-8484	3	9	yixiao	yixiao	PROPN
fbem-8484	3	10	xing1	xing1	PROPN
fbem-8484	3	11	,	,	PUNCT
fbem-8484	3	12	*	*	SYM
fbem-8484	3	13	1	1	NUM
fbem-8484	3	14	school	school	NOUN
fbem-8484	3	15	of	of	ADP
fbem-8484	3	16	finance	finance	NOUN
fbem-8484	3	17	,	,	PUNCT
fbem-8484	3	18	shanghai	shanghai	PROPN
fbem-8484	3	19	university	university	PROPN
fbem-8484	3	20	of	of	ADP
fbem-8484	3	21	finance	finance	NOUN
fbem-8484	3	22	and	and	CCONJ
fbem-8484	3	23	economics	economic	NOUN
fbem-8484	3	24	,	,	PUNCT
fbem-8484	3	25	shanghai	shanghai	PROPN
fbem-8484	3	26	,	,	PUNCT
fbem-8484	3	27	200433	200433	NUM
fbem-8484	3	28	,	,	PUNCT
fbem-8484	3	29	china	china	PROPN
fbem-8484	3	30	*	*	PUNCT
fbem-8484	3	31	corresponding	correspond	VERB
fbem-8484	3	32	author	author	NOUN
fbem-8484	3	33	:	:	PUNCT
fbem-8484	3	34	yixiao	yixiao	PROPN
fbem-8484	3	35	xing	xing	PROPN
fbem-8484	3	36	(	(	PUNCT
fbem-8484	3	37	email	email	NOUN
fbem-8484	3	38	:	:	PUNCT
fbem-8484	3	39	xingyixiao@163.sufe.edu.cn	xingyixiao@163.sufe.edu.cn	PROPN
fbem-8484	3	40	)	)	PUNCT
fbem-8484	3	41	abstract	abstract	NOUN
fbem-8484	3	42	:	:	PUNCT
fbem-8484	3	43	based	base	VERB
fbem-8484	3	44	on	on	ADP
fbem-8484	3	45	the	the	DET
fbem-8484	3	46	background	background	NOUN
fbem-8484	3	47	of	of	ADP
fbem-8484	3	48	china	china	PROPN
fbem-8484	3	49	’s	’s	PART
fbem-8484	3	50	interest	interest	NOUN
fbem-8484	3	51	rate	rate	NOUN
fbem-8484	3	52	liberalization	liberalization	NOUN
fbem-8484	3	53	,	,	PUNCT
fbem-8484	3	54	this	this	DET
fbem-8484	3	55	paper	paper	NOUN
fbem-8484	3	56	empirically	empirically	ADV
fbem-8484	3	57	investigates	investigate	VERB
fbem-8484	3	58	the	the	DET
fbem-8484	3	59	impact	impact	NOUN
fbem-8484	3	60	of	of	ADP
fbem-8484	3	61	interest	interest	NOUN
fbem-8484	3	62	rate	rate	NOUN
fbem-8484	3	63	marketization	marketization	NOUN
fbem-8484	3	64	on	on	ADP
fbem-8484	3	65	china	china	PROPN
fbem-8484	3	66	’s	’s	PART
fbem-8484	3	67	commercial	commercial	ADJ
fbem-8484	3	68	banks	bank	NOUN
fbem-8484	3	69	’	’	PART
fbem-8484	3	70	interest	interest	NOUN
fbem-8484	3	71	margins	margin	NOUN
fbem-8484	3	72	using	use	VERB
fbem-8484	3	73	a	a	DET
fbem-8484	3	74	fixed	fix	VERB
fbem-8484	3	75	effects	effect	NOUN
fbem-8484	3	76	model	model	NOUN
fbem-8484	3	77	using	use	VERB
fbem-8484	3	78	panel	panel	NOUN
fbem-8484	3	79	data	datum	NOUN
fbem-8484	3	80	of	of	ADP
fbem-8484	3	81	39	39	NUM
fbem-8484	3	82	commercial	commercial	ADJ
fbem-8484	3	83	banks	bank	NOUN
fbem-8484	3	84	in	in	ADP
fbem-8484	3	85	china	china	PROPN
fbem-8484	3	86	for	for	ADP
fbem-8484	3	87	the	the	DET
fbem-8484	3	88	last	last	ADJ
fbem-8484	3	89	decade	decade	NOUN
fbem-8484	3	90	from	from	ADP
fbem-8484	3	91	2013	2013	NUM
fbem-8484	3	92	-	-	SYM
fbem-8484	3	93	2022	2022	NUM
fbem-8484	3	94	.	.	PUNCT
fbem-8484	4	1	the	the	DET
fbem-8484	4	2	results	result	NOUN
fbem-8484	4	3	of	of	ADP
fbem-8484	4	4	the	the	DET
fbem-8484	4	5	study	study	NOUN
fbem-8484	4	6	indicate	indicate	VERB
fbem-8484	4	7	that	that	SCONJ
fbem-8484	4	8	interest	interest	NOUN
fbem-8484	4	9	rate	rate	NOUN
fbem-8484	4	10	liberalization	liberalization	NOUN
fbem-8484	4	11	significantly	significantly	ADV
fbem-8484	4	12	reduces	reduce	VERB
fbem-8484	4	13	the	the	DET
fbem-8484	4	14	interest	interest	NOUN
fbem-8484	4	15	margins	margin	NOUN
fbem-8484	4	16	of	of	ADP
fbem-8484	4	17	chinese	chinese	ADJ
fbem-8484	4	18	commercial	commercial	ADJ
fbem-8484	4	19	banks	bank	NOUN
fbem-8484	4	20	.	.	PUNCT
fbem-8484	5	1	in	in	ADP
fbem-8484	5	2	the	the	DET
fbem-8484	5	3	long	long	ADJ
fbem-8484	5	4	run	run	NOUN
fbem-8484	5	5	,	,	PUNCT
fbem-8484	5	6	with	with	ADP
fbem-8484	5	7	the	the	DET
fbem-8484	5	8	deepening	deepening	NOUN
fbem-8484	5	9	of	of	ADP
fbem-8484	5	10	interest	interest	NOUN
fbem-8484	5	11	rate	rate	NOUN
fbem-8484	5	12	liberalization	liberalization	NOUN
fbem-8484	5	13	,	,	PUNCT
fbem-8484	5	14	the	the	DET
fbem-8484	5	15	interest	interest	NOUN
fbem-8484	5	16	margins	margin	NOUN
fbem-8484	5	17	of	of	ADP
fbem-8484	5	18	commercial	commercial	ADJ
fbem-8484	5	19	banks	bank	NOUN
fbem-8484	5	20	tend	tend	VERB
fbem-8484	5	21	to	to	PART
fbem-8484	5	22	narrow	narrow	VERB
fbem-8484	5	23	.	.	PUNCT
fbem-8484	6	1	at	at	ADP
fbem-8484	6	2	the	the	DET
fbem-8484	6	3	end	end	NOUN
fbem-8484	6	4	of	of	ADP
fbem-8484	6	5	the	the	DET
fbem-8484	6	6	paper	paper	NOUN
fbem-8484	6	7	,	,	PUNCT
fbem-8484	6	8	suggestions	suggestion	NOUN
fbem-8484	6	9	are	be	AUX
fbem-8484	6	10	made	make	VERB
fbem-8484	6	11	in	in	ADP
fbem-8484	6	12	relation	relation	NOUN
fbem-8484	6	13	to	to	ADP
fbem-8484	6	14	the	the	DET
fbem-8484	6	15	current	current	ADJ
fbem-8484	6	16	situation	situation	NOUN
fbem-8484	6	17	of	of	ADP
fbem-8484	6	18	interest	interest	NOUN
fbem-8484	6	19	rate	rate	NOUN
fbem-8484	6	20	liberalization	liberalization	NOUN
fbem-8484	6	21	in	in	ADP
fbem-8484	6	22	china	china	PROPN
fbem-8484	6	23	and	and	CCONJ
fbem-8484	6	24	the	the	DET
fbem-8484	6	25	research	research	NOUN
fbem-8484	6	26	results	result	VERB
fbem-8484	6	27	.	.	PUNCT
fbem-8484	7	1	keywords	keyword	NOUN
fbem-8484	7	2	:	:	PUNCT
fbem-8484	7	3	interest	interest	NOUN
fbem-8484	7	4	margins	margin	NOUN
fbem-8484	7	5	,	,	PUNCT
fbem-8484	7	6	interest	interest	NOUN
fbem-8484	7	7	rate	rate	NOUN
fbem-8484	7	8	liberalization	liberalization	NOUN
fbem-8484	7	9	,	,	PUNCT
fbem-8484	7	10	commercial	commercial	ADJ
fbem-8484	7	11	bank	bank	NOUN
fbem-8484	7	12	.	.	PUNCT
fbem-8484	8	1	1	1	X
fbem-8484	8	2	.	.	X
fbem-8484	8	3	introduction	introduction	NOUN
fbem-8484	8	4	interest	interest	NOUN
fbem-8484	8	5	rate	rate	NOUN
fbem-8484	8	6	liberalization	liberalization	NOUN
fbem-8484	8	7	is	be	AUX
fbem-8484	8	8	the	the	DET
fbem-8484	8	9	process	process	NOUN
fbem-8484	8	10	of	of	ADP
fbem-8484	8	11	allowing	allow	VERB
fbem-8484	8	12	the	the	DET
fbem-8484	8	13	market	market	NOUN
fbem-8484	8	14	’s	’s	PART
fbem-8484	8	15	supply	supply	NOUN
fbem-8484	8	16	and	and	CCONJ
fbem-8484	8	17	demand	demand	NOUN
fbem-8484	8	18	to	to	PART
fbem-8484	8	19	determine	determine	VERB
fbem-8484	8	20	interest	interest	NOUN
fbem-8484	8	21	rates	rate	NOUN
fbem-8484	8	22	,	,	PUNCT
fbem-8484	8	23	in	in	ADP
fbem-8484	8	24	which	which	PRON
fbem-8484	8	25	no	no	DET
fbem-8484	8	26	economic	economic	ADJ
fbem-8484	8	27	agent	agent	NOUN
fbem-8484	8	28	of	of	ADP
fbem-8484	8	29	the	the	DET
fbem-8484	8	30	market	market	NOUN
fbem-8484	8	31	can	can	AUX
fbem-8484	8	32	monopolize	monopolize	VERB
fbem-8484	8	33	the	the	DET
fbem-8484	8	34	determination	determination	NOUN
fbem-8484	8	35	of	of	ADP
fbem-8484	8	36	interest	interest	NOUN
fbem-8484	8	37	rates	rate	NOUN
fbem-8484	8	38	in	in	ADP
fbem-8484	8	39	a	a	DET
fbem-8484	8	40	fully	fully	ADV
fbem-8484	8	41	competitive	competitive	ADJ
fbem-8484	8	42	market	market	NOUN
fbem-8484	8	43	,	,	PUNCT
fbem-8484	8	44	but	but	CCONJ
fbem-8484	8	45	can	can	AUX
fbem-8484	8	46	only	only	ADV
fbem-8484	8	47	accept	accept	VERB
fbem-8484	8	48	,	,	PUNCT
fbem-8484	8	49	as	as	ADP
fbem-8484	8	50	a	a	DET
fbem-8484	8	51	recipient	recipient	NOUN
fbem-8484	8	52	,	,	PUNCT
fbem-8484	8	53	the	the	DET
fbem-8484	8	54	interest	interest	NOUN
fbem-8484	8	55	rates	rate	NOUN
fbem-8484	8	56	determined	determine	VERB
fbem-8484	8	57	by	by	ADP
fbem-8484	8	58	the	the	DET
fbem-8484	8	59	market	market	NOUN
fbem-8484	8	60	as	as	ADP
fbem-8484	8	61	a	a	DET
fbem-8484	8	62	whole	whole	NOUN
fbem-8484	8	63	.	.	PUNCT
fbem-8484	9	1	interest	interest	NOUN
fbem-8484	9	2	rate	rate	NOUN
fbem-8484	9	3	liberalization	liberalization	NOUN
fbem-8484	9	4	gives	give	VERB
fbem-8484	9	5	commercial	commercial	ADJ
fbem-8484	9	6	banks	bank	NOUN
fbem-8484	9	7	the	the	DET
fbem-8484	9	8	autonomy	autonomy	NOUN
fbem-8484	9	9	to	to	PART
fbem-8484	9	10	set	set	VERB
fbem-8484	9	11	interest	interest	NOUN
fbem-8484	9	12	rates	rate	NOUN
fbem-8484	9	13	,	,	PUNCT
fbem-8484	9	14	allowing	allow	VERB
fbem-8484	9	15	for	for	ADP
fbem-8484	9	16	a	a	DET
fbem-8484	9	17	more	more	ADV
fbem-8484	9	18	efficient	efficient	ADJ
fbem-8484	9	19	allocation	allocation	NOUN
fbem-8484	9	20	of	of	ADP
fbem-8484	9	21	resources	resource	NOUN
fbem-8484	9	22	to	to	PART
fbem-8484	9	23	better	well	ADV
fbem-8484	9	24	stimulate	stimulate	VERB
fbem-8484	9	25	economic	economic	ADJ
fbem-8484	9	26	and	and	CCONJ
fbem-8484	9	27	financial	financial	ADJ
fbem-8484	9	28	development	development	NOUN
fbem-8484	9	29	[	[	X
fbem-8484	9	30	1,2	1,2	NUM
fbem-8484	9	31	]	]	PUNCT
fbem-8484	9	32	,	,	PUNCT
fbem-8484	9	33	however	however	ADV
fbem-8484	9	34	,	,	PUNCT
fbem-8484	9	35	it	it	PRON
fbem-8484	9	36	may	may	AUX
fbem-8484	9	37	also	also	ADV
fbem-8484	9	38	increase	increase	VERB
fbem-8484	9	39	the	the	DET
fbem-8484	9	40	volatility	volatility	NOUN
fbem-8484	9	41	of	of	ADP
fbem-8484	9	42	interest	interest	NOUN
fbem-8484	9	43	rates	rate	NOUN
fbem-8484	9	44	and	and	CCONJ
fbem-8484	9	45	the	the	DET
fbem-8484	9	46	degree	degree	NOUN
fbem-8484	9	47	of	of	ADP
fbem-8484	9	48	price	price	NOUN
fbem-8484	9	49	competition	competition	NOUN
fbem-8484	9	50	among	among	ADP
fbem-8484	9	51	banks	bank	NOUN
fbem-8484	9	52	,	,	PUNCT
fbem-8484	9	53	which	which	PRON
fbem-8484	9	54	in	in	ADP
fbem-8484	9	55	turn	turn	NOUN
fbem-8484	9	56	affects	affect	VERB
fbem-8484	9	57	the	the	DET
fbem-8484	9	58	level	level	NOUN
fbem-8484	9	59	of	of	ADP
fbem-8484	9	60	commercial	commercial	ADJ
fbem-8484	9	61	banks	bank	NOUN
fbem-8484	9	62	’	’	PART
fbem-8484	9	63	interest	interest	NOUN
fbem-8484	9	64	margins	margin	NOUN
fbem-8484	9	65	.	.	PUNCT
fbem-8484	10	1	the	the	DET
fbem-8484	10	2	interest	interest	NOUN
fbem-8484	10	3	margin	margin	NOUN
fbem-8484	10	4	is	be	AUX
fbem-8484	10	5	the	the	DET
fbem-8484	10	6	main	main	ADJ
fbem-8484	10	7	source	source	NOUN
fbem-8484	10	8	of	of	ADP
fbem-8484	10	9	income	income	NOUN
fbem-8484	10	10	for	for	ADP
fbem-8484	10	11	commercial	commercial	ADJ
fbem-8484	10	12	banks	bank	NOUN
fbem-8484	10	13	,	,	PUNCT
fbem-8484	10	14	which	which	PRON
fbem-8484	10	15	on	on	ADP
fbem-8484	10	16	the	the	DET
fbem-8484	10	17	one	one	NUM
fbem-8484	10	18	hand	hand	NOUN
fbem-8484	10	19	reflects	reflect	VERB
fbem-8484	10	20	their	their	PRON
fbem-8484	10	21	own	own	ADJ
fbem-8484	10	22	operating	operating	NOUN
fbem-8484	10	23	efficiency	efficiency	NOUN
fbem-8484	10	24	and	and	CCONJ
fbem-8484	10	25	profitability	profitability	NOUN
fbem-8484	10	26	,	,	PUNCT
fbem-8484	10	27	and	and	CCONJ
fbem-8484	10	28	on	on	ADP
fbem-8484	10	29	the	the	DET
fbem-8484	10	30	other	other	ADJ
fbem-8484	10	31	hand	hand	NOUN
fbem-8484	10	32	reflects	reflect	VERB
fbem-8484	10	33	the	the	DET
fbem-8484	10	34	financial	financial	ADJ
fbem-8484	10	35	environment	environment	NOUN
fbem-8484	10	36	in	in	ADP
fbem-8484	10	37	which	which	PRON
fbem-8484	10	38	banks	bank	NOUN
fbem-8484	10	39	operate	operate	VERB
fbem-8484	10	40	and	and	CCONJ
fbem-8484	10	41	the	the	DET
fbem-8484	10	42	social	social	ADJ
fbem-8484	10	43	cost	cost	NOUN
fbem-8484	10	44	of	of	ADP
fbem-8484	10	45	financial	financial	ADJ
fbem-8484	10	46	intermediation	intermediation	NOUN
fbem-8484	10	47	[	[	X
fbem-8484	10	48	3	3	NUM
fbem-8484	10	49	]	]	PUNCT
fbem-8484	10	50	,	,	PUNCT
fbem-8484	10	51	and	and	CCONJ
fbem-8484	10	52	is	be	AUX
fbem-8484	10	53	also	also	ADV
fbem-8484	10	54	an	an	DET
fbem-8484	10	55	important	important	ADJ
fbem-8484	10	56	macro	macro	NOUN
fbem-8484	10	57	prudential	prudential	PROPN
fbem-8484	10	58	early	early	ADJ
fbem-8484	10	59	warning	warning	NOUN
fbem-8484	10	60	indicator	indicator	NOUN
fbem-8484	10	61	of	of	ADP
fbem-8484	10	62	financial	financial	ADJ
fbem-8484	10	63	stability	stability	NOUN
fbem-8484	10	64	[	[	X
fbem-8484	10	65	4	4	NUM
fbem-8484	10	66	]	]	PUNCT
fbem-8484	10	67	,	,	PUNCT
fbem-8484	10	68	so	so	CCONJ
fbem-8484	10	69	the	the	DET
fbem-8484	10	70	issue	issue	NOUN
fbem-8484	10	71	of	of	ADP
fbem-8484	10	72	spread	spread	NOUN
fbem-8484	10	73	has	have	VERB
fbem-8484	10	74	important	important	ADJ
fbem-8484	10	75	theoretical	theoretical	ADJ
fbem-8484	10	76	and	and	CCONJ
fbem-8484	10	77	practical	practical	ADJ
fbem-8484	10	78	significance	significance	NOUN
fbem-8484	10	79	and	and	CCONJ
fbem-8484	10	80	has	have	AUX
fbem-8484	10	81	received	receive	VERB
fbem-8484	10	82	much	much	ADJ
fbem-8484	10	83	attention	attention	NOUN
fbem-8484	10	84	and	and	CCONJ
fbem-8484	10	85	extensive	extensive	ADJ
fbem-8484	10	86	research	research	NOUN
fbem-8484	10	87	from	from	ADP
fbem-8484	10	88	academia	academia	NOUN
fbem-8484	10	89	and	and	CCONJ
fbem-8484	10	90	industry	industry	NOUN
fbem-8484	10	91	.	.	PUNCT
fbem-8484	11	1	china	china	PROPN
fbem-8484	11	2	has	have	AUX
fbem-8484	11	3	been	be	AUX
fbem-8484	11	4	liberalizing	liberalize	VERB
fbem-8484	11	5	interest	interest	NOUN
fbem-8484	11	6	rates	rate	NOUN
fbem-8484	11	7	for	for	ADP
fbem-8484	11	8	more	more	ADJ
fbem-8484	11	9	than	than	ADP
fbem-8484	11	10	30	30	NUM
fbem-8484	11	11	years	year	NOUN
fbem-8484	11	12	,	,	PUNCT
fbem-8484	11	13	and	and	CCONJ
fbem-8484	11	14	the	the	DET
fbem-8484	11	15	reform	reform	NOUN
fbem-8484	11	16	of	of	ADP
fbem-8484	11	17	interest	interest	NOUN
fbem-8484	11	18	rate	rate	NOUN
fbem-8484	11	19	liberalization	liberalization	NOUN
fbem-8484	11	20	in	in	ADP
fbem-8484	11	21	china	china	PROPN
fbem-8484	11	22	has	have	AUX
fbem-8484	11	23	entered	enter	VERB
fbem-8484	11	24	deep	deep	ADJ
fbem-8484	11	25	water	water	NOUN
fbem-8484	11	26	in	in	ADP
fbem-8484	11	27	the	the	DET
fbem-8484	11	28	last	last	ADJ
fbem-8484	11	29	decade	decade	NOUN
fbem-8484	11	30	.	.	PUNCT
fbem-8484	12	1	in	in	ADP
fbem-8484	12	2	july	july	PROPN
fbem-8484	12	3	2013	2013	NUM
fbem-8484	12	4	,	,	PUNCT
fbem-8484	12	5	the	the	DET
fbem-8484	12	6	central	central	ADJ
fbem-8484	12	7	bank	bank	NOUN
fbem-8484	12	8	fully	fully	ADV
fbem-8484	12	9	deregulated	deregulate	VERB
fbem-8484	12	10	the	the	DET
fbem-8484	12	11	interest	interest	NOUN
fbem-8484	12	12	rates	rate	NOUN
fbem-8484	12	13	on	on	ADP
fbem-8484	12	14	loans	loan	NOUN
fbem-8484	12	15	and	and	CCONJ
fbem-8484	12	16	bills	bill	NOUN
fbem-8484	12	17	discounting	discount	VERB
fbem-8484	12	18	,	,	PUNCT
fbem-8484	12	19	and	and	CCONJ
fbem-8484	12	20	introduced	introduce	VERB
fbem-8484	12	21	interbank	interbank	NOUN
fbem-8484	12	22	certificates	certificate	NOUN
fbem-8484	12	23	of	of	ADP
fbem-8484	12	24	deposit	deposit	NOUN
fbem-8484	12	25	in	in	ADP
fbem-8484	12	26	december	december	PROPN
fbem-8484	12	27	2013	2013	NUM
fbem-8484	12	28	,	,	PUNCT
fbem-8484	12	29	and	and	CCONJ
fbem-8484	12	30	liberalized	liberalize	VERB
fbem-8484	12	31	the	the	DET
fbem-8484	12	32	floating	float	VERB
fbem-8484	12	33	ceiling	ceiling	NOUN
fbem-8484	12	34	of	of	ADP
fbem-8484	12	35	interest	interest	NOUN
fbem-8484	12	36	rates	rate	NOUN
fbem-8484	12	37	on	on	ADP
fbem-8484	12	38	time	time	NOUN
fbem-8484	12	39	deposits	deposit	NOUN
fbem-8484	12	40	in	in	ADP
fbem-8484	12	41	financial	financial	ADJ
fbem-8484	12	42	institutions	institution	NOUN
fbem-8484	12	43	in	in	ADP
fbem-8484	12	44	december	december	PROPN
fbem-8484	12	45	2015	2015	NUM
fbem-8484	12	46	,	,	PUNCT
fbem-8484	12	47	while	while	SCONJ
fbem-8484	12	48	establishing	establish	VERB
fbem-8484	12	49	and	and	CCONJ
fbem-8484	12	50	continuously	continuously	ADV
fbem-8484	12	51	improving	improve	VERB
fbem-8484	12	52	the	the	DET
fbem-8484	12	53	interest	interest	NOUN
fbem-8484	12	54	rate	rate	NOUN
fbem-8484	12	55	corridor	corridor	ADJ
fbem-8484	12	56	mechanism	mechanism	NOUN
fbem-8484	12	57	between	between	ADP
fbem-8484	12	58	2015	2015	NUM
fbem-8484	12	59	and	and	CCONJ
fbem-8484	12	60	2018.what	2018.what	PRON
fbem-8484	12	61	’s	’	VERB
fbem-8484	12	62	more	more	ADJ
fbem-8484	12	63	,	,	PUNCT
fbem-8484	12	64	central	central	ADJ
fbem-8484	12	65	bank	bank	NOUN
fbem-8484	12	66	established	establish	VERB
fbem-8484	12	67	a	a	DET
fbem-8484	12	68	new	new	ADJ
fbem-8484	12	69	mechanism	mechanism	NOUN
fbem-8484	12	70	for	for	ADP
fbem-8484	12	71	lpr	lpr	PROPN
fbem-8484	12	72	transmission	transmission	NOUN
fbem-8484	12	73	in	in	ADP
fbem-8484	12	74	2019	2019	NUM
fbem-8484	12	75	,	,	PUNCT
fbem-8484	12	76	and	and	CCONJ
fbem-8484	12	77	proposed	propose	VERB
fbem-8484	12	78	the	the	DET
fbem-8484	12	79	reform	reform	NOUN
fbem-8484	12	80	goal	goal	NOUN
fbem-8484	12	81	of	of	ADP
fbem-8484	12	82	achieving	achieve	VERB
fbem-8484	12	83	two	two	NUM
fbem-8484	12	84	tracks	track	NOUN
fbem-8484	12	85	and	and	CCONJ
fbem-8484	12	86	one	one	NUM
fbem-8484	12	87	track	track	NOUN
fbem-8484	12	88	,	,	PUNCT
fbem-8484	12	89	and	and	CCONJ
fbem-8484	12	90	continuously	continuously	ADV
fbem-8484	12	91	improved	improve	VERB
fbem-8484	12	92	and	and	CCONJ
fbem-8484	12	93	implemented	implement	VERB
fbem-8484	12	94	the	the	DET
fbem-8484	12	95	reform	reform	NOUN
fbem-8484	12	96	work	work	NOUN
fbem-8484	12	97	between	between	ADP
fbem-8484	12	98	2019	2019	NUM
fbem-8484	12	99	and	and	CCONJ
fbem-8484	12	100	2022	2022	NUM
fbem-8484	12	101	.	.	PUNCT
fbem-8484	13	1	as	as	SCONJ
fbem-8484	13	2	can	can	AUX
fbem-8484	13	3	be	be	AUX
fbem-8484	13	4	seen	see	VERB
fbem-8484	13	5	,	,	PUNCT
fbem-8484	13	6	the	the	DET
fbem-8484	13	7	process	process	NOUN
fbem-8484	13	8	of	of	ADP
fbem-8484	13	9	interest	interest	NOUN
fbem-8484	13	10	rate	rate	NOUN
fbem-8484	13	11	liberalization	liberalization	NOUN
fbem-8484	13	12	reform	reform	NOUN
fbem-8484	13	13	in	in	ADP
fbem-8484	13	14	china	china	PROPN
fbem-8484	13	15	has	have	AUX
fbem-8484	13	16	been	be	AUX
fbem-8484	13	17	deepening	deepen	VERB
fbem-8484	13	18	in	in	ADP
fbem-8484	13	19	the	the	DET
fbem-8484	13	20	last	last	ADJ
fbem-8484	13	21	decade	decade	NOUN
fbem-8484	13	22	,	,	PUNCT
fbem-8484	13	23	and	and	CCONJ
fbem-8484	13	24	the	the	DET
fbem-8484	13	25	degree	degree	NOUN
fbem-8484	13	26	of	of	ADP
fbem-8484	13	27	interest	interest	NOUN
fbem-8484	13	28	rate	rate	NOUN
fbem-8484	13	29	liberalization	liberalization	NOUN
fbem-8484	13	30	has	have	AUX
fbem-8484	13	31	been	be	AUX
fbem-8484	13	32	increasing	increase	VERB
fbem-8484	13	33	.	.	PUNCT
fbem-8484	14	1	there	there	PRON
fbem-8484	14	2	may	may	AUX
fbem-8484	14	3	be	be	AUX
fbem-8484	14	4	a	a	DET
fbem-8484	14	5	close	close	ADJ
fbem-8484	14	6	link	link	NOUN
fbem-8484	14	7	between	between	ADP
fbem-8484	14	8	interest	interest	NOUN
fbem-8484	14	9	rate	rate	NOUN
fbem-8484	14	10	liberalization	liberalization	NOUN
fbem-8484	14	11	and	and	CCONJ
fbem-8484	14	12	commercial	commercial	ADJ
fbem-8484	14	13	bank	bank	NOUN
fbem-8484	14	14	spreads	spread	VERB
fbem-8484	14	15	,	,	PUNCT
fbem-8484	14	16	and	and	CCONJ
fbem-8484	14	17	this	this	DET
fbem-8484	14	18	relationship	relationship	NOUN
fbem-8484	14	19	has	have	AUX
fbem-8484	14	20	been	be	AUX
fbem-8484	14	21	repeatedly	repeatedly	ADV
fbem-8484	14	22	studied	study	VERB
fbem-8484	14	23	and	and	CCONJ
fbem-8484	14	24	discussed	discuss	VERB
fbem-8484	14	25	by	by	ADP
fbem-8484	14	26	scholars	scholar	NOUN
fbem-8484	14	27	using	use	VERB
fbem-8484	14	28	data	datum	NOUN
fbem-8484	14	29	from	from	ADP
fbem-8484	14	30	the	the	DET
fbem-8484	14	31	middle	middle	ADJ
fbem-8484	14	32	period	period	NOUN
fbem-8484	14	33	of	of	ADP
fbem-8484	14	34	interest	interest	NOUN
fbem-8484	14	35	rate	rate	NOUN
fbem-8484	14	36	liberalization	liberalization	NOUN
fbem-8484	14	37	in	in	ADP
fbem-8484	14	38	china	china	PROPN
fbem-8484	14	39	(	(	PUNCT
fbem-8484	14	40	from	from	ADP
fbem-8484	14	41	2003	2003	NUM
fbem-8484	14	42	to	to	ADP
fbem-8484	14	43	2013	2013	NUM
fbem-8484	14	44	)	)	PUNCT
fbem-8484	14	45	.	.	PUNCT
fbem-8484	15	1	so	so	ADV
fbem-8484	15	2	,	,	PUNCT
fbem-8484	15	3	as	as	SCONJ
fbem-8484	15	4	china	china	PROPN
fbem-8484	15	5	’s	’s	PART
fbem-8484	15	6	interest	interest	NOUN
fbem-8484	15	7	rate	rate	NOUN
fbem-8484	15	8	liberalization	liberalization	NOUN
fbem-8484	15	9	reform	reform	NOUN
fbem-8484	15	10	enters	enter	VERB
fbem-8484	15	11	its	its	PRON
fbem-8484	15	12	late	late	ADJ
fbem-8484	15	13	stage	stage	NOUN
fbem-8484	15	14	in	in	ADP
fbem-8484	15	15	the	the	DET
fbem-8484	15	16	last	last	ADJ
fbem-8484	15	17	decade	decade	NOUN
fbem-8484	15	18	,	,	PUNCT
fbem-8484	15	19	what	what	DET
fbem-8484	15	20	impact	impact	NOUN
fbem-8484	15	21	will	will	AUX
fbem-8484	15	22	china	china	PROPN
fbem-8484	15	23	’s	’s	PART
fbem-8484	15	24	interest	interest	NOUN
fbem-8484	15	25	rate	rate	NOUN
fbem-8484	15	26	liberalization	liberalization	NOUN
fbem-8484	15	27	reform	reform	NOUN
fbem-8484	15	28	have	have	VERB
fbem-8484	15	29	on	on	ADP
fbem-8484	15	30	the	the	DET
fbem-8484	15	31	spreads	spread	NOUN
fbem-8484	15	32	of	of	ADP
fbem-8484	15	33	china	china	PROPN
fbem-8484	15	34	’s	’s	PART
fbem-8484	15	35	commercial	commercial	ADJ
fbem-8484	15	36	banks	bank	NOUN
fbem-8484	15	37	,	,	PUNCT
fbem-8484	15	38	and	and	CCONJ
fbem-8484	15	39	will	will	AUX
fbem-8484	15	40	this	this	DET
fbem-8484	15	41	impact	impact	NOUN
fbem-8484	15	42	remain	remain	VERB
fbem-8484	15	43	consistent	consistent	ADJ
fbem-8484	15	44	with	with	ADP
fbem-8484	15	45	the	the	DET
fbem-8484	15	46	way	way	NOUN
fbem-8484	15	47	it	it	PRON
fbem-8484	15	48	was	be	AUX
fbem-8484	15	49	a	a	DET
fbem-8484	15	50	decade	decade	NOUN
fbem-8484	15	51	ago	ago	ADV
fbem-8484	15	52	?	?	PUNCT
fbem-8484	16	1	moreover	moreover	ADV
fbem-8484	16	2	,	,	PUNCT
fbem-8484	16	3	is	be	AUX
fbem-8484	16	4	this	this	DET
fbem-8484	16	5	impact	impact	NOUN
fbem-8484	16	6	consistent	consistent	ADJ
fbem-8484	16	7	across	across	ADP
fbem-8484	16	8	different	different	ADJ
fbem-8484	16	9	types	type	NOUN
fbem-8484	16	10	of	of	ADP
fbem-8484	16	11	banks	bank	NOUN
fbem-8484	16	12	?	?	PUNCT
fbem-8484	17	1	the	the	DET
fbem-8484	17	2	study	study	NOUN
fbem-8484	17	3	of	of	ADP
fbem-8484	17	4	these	these	DET
fbem-8484	17	5	issues	issue	NOUN
fbem-8484	17	6	can	can	AUX
fbem-8484	17	7	not	not	PART
fbem-8484	17	8	only	only	ADV
fbem-8484	17	9	provide	provide	VERB
fbem-8484	17	10	reference	reference	NOUN
fbem-8484	17	11	for	for	ADP
fbem-8484	17	12	commercial	commercial	ADJ
fbem-8484	17	13	banks	bank	NOUN
fbem-8484	17	14	’	'	PUNCT
fbem-8484	17	15	decision	decision	NOUN
fbem-8484	17	16	making	making	NOUN
fbem-8484	17	17	and	and	CCONJ
fbem-8484	17	18	operation	operation	NOUN
fbem-8484	17	19	,	,	PUNCT
fbem-8484	17	20	but	but	CCONJ
fbem-8484	17	21	also	also	ADV
fbem-8484	17	22	provide	provide	VERB
fbem-8484	17	23	a	a	DET
fbem-8484	17	24	realistic	realistic	ADJ
fbem-8484	17	25	basis	basis	NOUN
fbem-8484	17	26	and	and	CCONJ
fbem-8484	17	27	data	datum	NOUN
fbem-8484	17	28	support	support	NOUN
fbem-8484	17	29	for	for	ADP
fbem-8484	17	30	the	the	DET
fbem-8484	17	31	central	central	ADJ
fbem-8484	17	32	bank	bank	NOUN
fbem-8484	17	33	to	to	PART
fbem-8484	17	34	further	far	ADV
fbem-8484	17	35	promote	promote	VERB
fbem-8484	17	36	the	the	DET
fbem-8484	17	37	interest	interest	NOUN
fbem-8484	17	38	rate	rate	NOUN
fbem-8484	17	39	market	market	NOUN
fbem-8484	17	40	reform	reform	NOUN
fbem-8484	17	41	,	,	PUNCT
fbem-8484	17	42	which	which	PRON
fbem-8484	17	43	has	have	VERB
fbem-8484	17	44	important	important	ADJ
fbem-8484	17	45	practical	practical	ADJ
fbem-8484	17	46	significance	significance	NOUN
fbem-8484	17	47	for	for	ADP
fbem-8484	17	48	further	far	ADV
fbem-8484	17	49	deepening	deepen	VERB
fbem-8484	17	50	the	the	DET
fbem-8484	17	51	reform	reform	NOUN
fbem-8484	17	52	.	.	PUNCT
fbem-8484	18	1	in	in	ADP
fbem-8484	18	2	view	view	NOUN
fbem-8484	18	3	of	of	ADP
fbem-8484	18	4	this	this	PRON
fbem-8484	18	5	,	,	PUNCT
fbem-8484	18	6	this	this	DET
fbem-8484	18	7	paper	paper	NOUN
fbem-8484	18	8	uses	use	VERB
fbem-8484	18	9	39	39	NUM
fbem-8484	18	10	chinese	chinese	ADJ
fbem-8484	18	11	commercial	commercial	ADJ
fbem-8484	18	12	banks	bank	NOUN
fbem-8484	18	13	from	from	ADP
fbem-8484	18	14	2013	2013	NUM
fbem-8484	18	15	-	-	SYM
fbem-8484	18	16	2022	2022	NUM
fbem-8484	18	17	as	as	ADP
fbem-8484	18	18	a	a	DET
fbem-8484	18	19	research	research	NOUN
fbem-8484	18	20	sample	sample	NOUN
fbem-8484	18	21	to	to	PART
fbem-8484	18	22	study	study	VERB
fbem-8484	18	23	the	the	DET
fbem-8484	18	24	impact	impact	NOUN
fbem-8484	18	25	of	of	ADP
fbem-8484	18	26	interest	interest	NOUN
fbem-8484	18	27	rate	rate	NOUN
fbem-8484	18	28	liberalization	liberalization	NOUN
fbem-8484	18	29	on	on	ADP
fbem-8484	18	30	the	the	DET
fbem-8484	18	31	interest	interest	NOUN
fbem-8484	18	32	margins	margin	NOUN
fbem-8484	18	33	of	of	ADP
fbem-8484	18	34	chinese	chinese	ADJ
fbem-8484	18	35	commercial	commercial	ADJ
fbem-8484	18	36	banks	bank	NOUN
fbem-8484	18	37	and	and	CCONJ
fbem-8484	18	38	to	to	PART
fbem-8484	18	39	analyze	analyze	VERB
fbem-8484	18	40	in	in	ADP
fbem-8484	18	41	depth	depth	NOUN
fbem-8484	18	42	the	the	DET
fbem-8484	18	43	mechanism	mechanism	NOUN
fbem-8484	18	44	of	of	ADP
fbem-8484	18	45	its	its	PRON
fbem-8484	18	46	impact	impact	NOUN
fbem-8484	18	47	.	.	PUNCT
fbem-8484	19	1	compared	compare	VERB
fbem-8484	19	2	with	with	ADP
fbem-8484	19	3	existing	exist	VERB
fbem-8484	19	4	studies	study	NOUN
fbem-8484	19	5	,	,	PUNCT
fbem-8484	19	6	this	this	DET
fbem-8484	19	7	paper	paper	NOUN
fbem-8484	19	8	has	have	VERB
fbem-8484	19	9	the	the	DET
fbem-8484	19	10	following	follow	VERB
fbem-8484	19	11	three	three	NUM
fbem-8484	19	12	possible	possible	ADJ
fbem-8484	19	13	innovations	innovation	NOUN
fbem-8484	19	14	:	:	PUNCT
fbem-8484	19	15	first	first	ADV
fbem-8484	19	16	,	,	PUNCT
fbem-8484	19	17	most	most	ADJ
fbem-8484	19	18	of	of	ADP
fbem-8484	19	19	the	the	DET
fbem-8484	19	20	existing	exist	VERB
fbem-8484	19	21	literature	literature	NOUN
fbem-8484	19	22	analyzes	analyze	VERB
fbem-8484	19	23	and	and	CCONJ
fbem-8484	19	24	discusses	discuss	VERB
fbem-8484	19	25	data	datum	NOUN
fbem-8484	19	26	from	from	ADP
fbem-8484	19	27	the	the	DET
fbem-8484	19	28	middle	middle	ADJ
fbem-8484	19	29	period	period	NOUN
fbem-8484	19	30	of	of	ADP
fbem-8484	19	31	china	china	PROPN
fbem-8484	19	32	’s	’s	PART
fbem-8484	19	33	interest	interest	NOUN
fbem-8484	19	34	rate	rate	NOUN
fbem-8484	19	35	liberalization	liberalization	NOUN
fbem-8484	19	36	(	(	PUNCT
fbem-8484	19	37	20032013	20032013	NUM
fbem-8484	19	38	)	)	PUNCT
fbem-8484	19	39	,	,	PUNCT
fbem-8484	19	40	and	and	CCONJ
fbem-8484	19	41	many	many	ADJ
fbem-8484	19	42	studies	study	NOUN
fbem-8484	19	43	stop	stop	VERB
fbem-8484	19	44	at	at	ADP
fbem-8484	19	45	the	the	DET
fbem-8484	19	46	liberalization	liberalization	NOUN
fbem-8484	19	47	of	of	ADP
fbem-8484	19	48	the	the	DET
fbem-8484	19	49	deposit	deposit	NOUN
fbem-8484	19	50	interest	interest	NOUN
fbem-8484	19	51	rate	rate	NOUN
fbem-8484	19	52	ceiling	ceiling	NOUN
fbem-8484	19	53	,	,	PUNCT
fbem-8484	19	54	while	while	SCONJ
fbem-8484	19	55	this	this	DET
fbem-8484	19	56	paper	paper	NOUN
fbem-8484	19	57	uses	use	VERB
fbem-8484	19	58	data	datum	NOUN
fbem-8484	19	59	from	from	ADP
fbem-8484	19	60	the	the	DET
fbem-8484	19	61	last	last	ADJ
fbem-8484	19	62	decade	decade	NOUN
fbem-8484	19	63	to	to	PART
fbem-8484	19	64	analyze	analyze	VERB
fbem-8484	19	65	the	the	DET
fbem-8484	19	66	impact	impact	NOUN
fbem-8484	19	67	of	of	ADP
fbem-8484	19	68	reform	reform	NOUN
fbem-8484	19	69	measures	measure	NOUN
fbem-8484	19	70	,	,	PUNCT
fbem-8484	19	71	including	include	VERB
fbem-8484	19	72	the	the	DET
fbem-8484	19	73	establishment	establishment	NOUN
fbem-8484	19	74	of	of	ADP
fbem-8484	19	75	the	the	DET
fbem-8484	19	76	interest	interest	NOUN
fbem-8484	19	77	rate	rate	NOUN
fbem-8484	19	78	corridor	corridor	ADJ
fbem-8484	19	79	mechanism	mechanism	NOUN
fbem-8484	19	80	and	and	CCONJ
fbem-8484	19	81	the	the	DET
fbem-8484	19	82	establishment	establishment	NOUN
fbem-8484	19	83	of	of	ADP
fbem-8484	19	84	the	the	DET
fbem-8484	19	85	new	new	ADJ
fbem-8484	19	86	mechanism	mechanism	NOUN
fbem-8484	19	87	for	for	ADP
fbem-8484	19	88	lpr	lpr	PROPN
fbem-8484	19	89	transmission	transmission	NOUN
fbem-8484	19	90	.	.	PUNCT
fbem-8484	20	1	second	second	ADJ
fbem-8484	20	2	,	,	PUNCT
fbem-8484	20	3	while	while	SCONJ
fbem-8484	20	4	traditional	traditional	ADJ
fbem-8484	20	5	studies	study	NOUN
fbem-8484	20	6	suggest	suggest	VERB
fbem-8484	20	7	an	an	DET
fbem-8484	20	8	inverted	inverted	ADJ
fbem-8484	20	9	u	u	ADJ
fbem-8484	20	10	-	-	ADJ
fbem-8484	20	11	shaped	shape	VERB
fbem-8484	20	12	relationship	relationship	NOUN
fbem-8484	20	13	between	between	ADP
fbem-8484	20	14	the	the	DET
fbem-8484	20	15	degree	degree	NOUN
fbem-8484	20	16	of	of	ADP
fbem-8484	20	17	interest	interest	NOUN
fbem-8484	20	18	rate	rate	NOUN
fbem-8484	20	19	liberalization	liberalization	NOUN
fbem-8484	20	20	and	and	CCONJ
fbem-8484	20	21	bank	bank	NOUN
fbem-8484	20	22	spreads	spread	VERB
fbem-8484	20	23	[	[	X
fbem-8484	20	24	5	5	NUM
fbem-8484	20	25	]	]	PUNCT
fbem-8484	20	26	,	,	PUNCT
fbem-8484	20	27	this	this	DET
fbem-8484	20	28	paper	paper	NOUN
fbem-8484	20	29	finds	find	VERB
fbem-8484	20	30	that	that	SCONJ
fbem-8484	20	31	data	datum	NOUN
fbem-8484	20	32	from	from	ADP
fbem-8484	20	33	the	the	DET
fbem-8484	20	34	last	last	ADJ
fbem-8484	20	35	ten	ten	NUM
fbem-8484	20	36	years	year	NOUN
fbem-8484	20	37	suggest	suggest	VERB
fbem-8484	20	38	that	that	SCONJ
fbem-8484	20	39	this	this	DET
fbem-8484	20	40	relationship	relationship	NOUN
fbem-8484	20	41	no	no	ADV
fbem-8484	20	42	longer	long	ADV
fbem-8484	20	43	holds	hold	VERB
fbem-8484	20	44	.	.	PUNCT
fbem-8484	21	1	third	third	ADV
fbem-8484	21	2	,	,	PUNCT
fbem-8484	21	3	this	this	DET
fbem-8484	21	4	paper	paper	NOUN
fbem-8484	21	5	provides	provide	VERB
fbem-8484	21	6	empirical	empirical	ADJ
fbem-8484	21	7	evidence	evidence	NOUN
fbem-8484	21	8	on	on	ADP
fbem-8484	21	9	the	the	DET
fbem-8484	21	10	impact	impact	NOUN
fbem-8484	21	11	of	of	ADP
fbem-8484	21	12	interest	interest	NOUN
fbem-8484	21	13	rate	rate	NOUN
fbem-8484	21	14	liberalization	liberalization	NOUN
fbem-8484	21	15	reforms	reform	NOUN
fbem-8484	21	16	on	on	ADP
fbem-8484	21	17	bank	bank	NOUN
fbem-8484	21	18	spreads	spread	NOUN
fbem-8484	21	19	in	in	ADP
fbem-8484	21	20	china	china	PROPN
fbem-8484	21	21	,	,	PUNCT
fbem-8484	21	22	which	which	PRON
fbem-8484	21	23	enriches	enrich	VERB
fbem-8484	21	24	the	the	DET
fbem-8484	21	25	empirical	empirical	ADJ
fbem-8484	21	26	research	research	NOUN
fbem-8484	21	27	on	on	ADP
fbem-8484	21	28	the	the	DET
fbem-8484	21	29	impact	impact	NOUN
fbem-8484	21	30	of	of	ADP
fbem-8484	21	31	interest	interest	NOUN
fbem-8484	21	32	rate	rate	NOUN
fbem-8484	21	33	liberalization	liberalization	NOUN
fbem-8484	21	34	reforms	reform	NOUN
fbem-8484	21	35	on	on	ADP
fbem-8484	21	36	bank	bank	NOUN
fbem-8484	21	37	spreads	spread	NOUN
fbem-8484	21	38	.	.	PUNCT
fbem-8484	22	1	133	133	NUM
fbem-8484	22	2	the	the	DET
fbem-8484	22	3	rest	rest	NOUN
fbem-8484	22	4	of	of	ADP
fbem-8484	22	5	this	this	DET
fbem-8484	22	6	paper	paper	NOUN
fbem-8484	22	7	is	be	AUX
fbem-8484	22	8	organized	organize	VERB
fbem-8484	22	9	as	as	SCONJ
fbem-8484	22	10	follows	follow	VERB
fbem-8484	22	11	:	:	PUNCT
fbem-8484	22	12	section	section	NOUN
fbem-8484	22	13	2	2	NUM
fbem-8484	22	14	is	be	AUX
fbem-8484	22	15	a	a	DET
fbem-8484	22	16	literature	literature	NOUN
fbem-8484	22	17	review	review	NOUN
fbem-8484	22	18	.	.	PUNCT
fbem-8484	23	1	section	section	NOUN
fbem-8484	23	2	3	3	NUM
fbem-8484	23	3	is	be	AUX
fbem-8484	23	4	the	the	DET
fbem-8484	23	5	empirical	empirical	ADJ
fbem-8484	23	6	design	design	NOUN
fbem-8484	23	7	.	.	PUNCT
fbem-8484	24	1	section	section	NOUN
fbem-8484	24	2	4	4	NUM
fbem-8484	24	3	is	be	AUX
fbem-8484	24	4	the	the	DET
fbem-8484	24	5	empirical	empirical	ADJ
fbem-8484	24	6	results	result	NOUN
fbem-8484	24	7	and	and	CCONJ
fbem-8484	24	8	analysis	analysis	NOUN
fbem-8484	24	9	.	.	PUNCT
fbem-8484	25	1	section	section	NOUN
fbem-8484	25	2	5	5	NUM
fbem-8484	25	3	is	be	AUX
fbem-8484	25	4	the	the	DET
fbem-8484	25	5	conclusion	conclusion	NOUN
fbem-8484	25	6	and	and	CCONJ
fbem-8484	25	7	policy	policy	NOUN
fbem-8484	25	8	recommendations	recommendation	NOUN
fbem-8484	25	9	of	of	ADP
fbem-8484	25	10	the	the	DET
fbem-8484	25	11	paper	paper	NOUN
fbem-8484	25	12	.	.	PUNCT
fbem-8484	26	1	2	2	X
fbem-8484	26	2	.	.	X
fbem-8484	26	3	literature	literature	NOUN
fbem-8484	26	4	review	review	VERB
fbem-8484	26	5	2.1	2.1	NUM
fbem-8484	26	6	.	.	PUNCT
fbem-8484	27	1	determinants	determinant	NOUN
fbem-8484	27	2	of	of	ADP
fbem-8484	27	3	bank	bank	NOUN
fbem-8484	27	4	’s	’s	PART
fbem-8484	27	5	interest	interest	NOUN
fbem-8484	27	6	margin	margin	NOUN
fbem-8484	27	7	the	the	DET
fbem-8484	27	8	study	study	NOUN
fbem-8484	27	9	of	of	ADP
fbem-8484	27	10	bank	bank	PROPN
fbem-8484	27	11	spread	spread	PROPN
fbem-8484	27	12	theory	theory	NOUN
fbem-8484	27	13	first	first	ADV
fbem-8484	27	14	originated	originate	VERB
fbem-8484	27	15	from	from	ADP
fbem-8484	27	16	the	the	DET
fbem-8484	27	17	market	market	NOUN
fbem-8484	27	18	maker	maker	NOUN
fbem-8484	27	19	model	model	NOUN
fbem-8484	27	20	proposed	propose	VERB
fbem-8484	27	21	by	by	ADP
fbem-8484	27	22	ho	ho	PROPN
fbem-8484	27	23	and	and	CCONJ
fbem-8484	27	24	saunders	saunder	NOUN
fbem-8484	27	25	(	(	PUNCT
fbem-8484	27	26	1981	1981	NUM
fbem-8484	27	27	)	)	PUNCT
fbem-8484	28	1	[	[	X
fbem-8484	28	2	6	6	NUM
fbem-8484	28	3	]	]	PUNCT
fbem-8484	28	4	,	,	PUNCT
fbem-8484	28	5	which	which	PRON
fbem-8484	28	6	regarded	regard	VERB
fbem-8484	28	7	banks	bank	NOUN
fbem-8484	28	8	as	as	ADP
fbem-8484	28	9	risk	risk	NOUN
fbem-8484	28	10	averse	averse	ADJ
fbem-8484	28	11	traders	trader	NOUN
fbem-8484	28	12	and	and	CCONJ
fbem-8484	28	13	treated	treat	VERB
fbem-8484	28	14	them	they	PRON
fbem-8484	28	15	as	as	ADP
fbem-8484	28	16	intermediaries	intermediary	NOUN
fbem-8484	28	17	between	between	ADP
fbem-8484	28	18	lenders	lender	NOUN
fbem-8484	28	19	and	and	CCONJ
fbem-8484	28	20	borrowers	borrower	NOUN
fbem-8484	28	21	,	,	PUNCT
fbem-8484	28	22	and	and	CCONJ
fbem-8484	28	23	banks	bank	NOUN
fbem-8484	28	24	balanced	balance	VERB
fbem-8484	28	25	loan	loan	NOUN
fbem-8484	28	26	demand	demand	NOUN
fbem-8484	28	27	and	and	CCONJ
fbem-8484	28	28	deposit	deposit	NOUN
fbem-8484	28	29	supply	supply	NOUN
fbem-8484	28	30	by	by	ADP
fbem-8484	28	31	setting	set	VERB
fbem-8484	28	32	deposit	deposit	NOUN
fbem-8484	28	33	and	and	CCONJ
fbem-8484	28	34	lending	lending	NOUN
fbem-8484	28	35	rates	rate	NOUN
fbem-8484	28	36	,	,	PUNCT
fbem-8484	28	37	and	and	CCONJ
fbem-8484	28	38	finally	finally	ADV
fbem-8484	28	39	concluded	conclude	VERB
fbem-8484	28	40	that	that	SCONJ
fbem-8484	28	41	the	the	DET
fbem-8484	28	42	spread	spread	NOUN
fbem-8484	28	43	of	of	ADP
fbem-8484	28	44	banks	bank	NOUN
fbem-8484	28	45	depended	depend	VERB
fbem-8484	28	46	on	on	ADP
fbem-8484	28	47	factors	factor	NOUN
fbem-8484	28	48	such	such	ADJ
fbem-8484	28	49	as	as	ADP
fbem-8484	28	50	the	the	DET
fbem-8484	28	51	scale	scale	NOUN
fbem-8484	28	52	of	of	ADP
fbem-8484	28	53	bank	bank	NOUN
fbem-8484	28	54	transactions	transaction	NOUN
fbem-8484	28	55	,	,	PUNCT
fbem-8484	28	56	the	the	DET
fbem-8484	28	57	degree	degree	NOUN
fbem-8484	28	58	of	of	ADP
fbem-8484	28	59	risk	risk	NOUN
fbem-8484	28	60	aversion	aversion	NOUN
fbem-8484	28	61	,	,	PUNCT
fbem-8484	28	62	the	the	DET
fbem-8484	28	63	structure	structure	NOUN
fbem-8484	28	64	of	of	ADP
fbem-8484	28	65	the	the	DET
fbem-8484	28	66	market	market	NOUN
fbem-8484	28	67	,	,	PUNCT
fbem-8484	28	68	and	and	CCONJ
fbem-8484	28	69	the	the	DET
fbem-8484	28	70	volatility	volatility	NOUN
fbem-8484	28	71	of	of	ADP
fbem-8484	28	72	interest	interest	NOUN
fbem-8484	28	73	rates	rate	NOUN
fbem-8484	28	74	,	,	PUNCT
fbem-8484	28	75	etc	etc	X
fbem-8484	28	76	.	.	X
fbem-8484	29	1	many	many	ADJ
fbem-8484	29	2	scholars	scholar	NOUN
fbem-8484	29	3	have	have	AUX
fbem-8484	29	4	further	far	ADV
fbem-8484	29	5	deepened	deepen	VERB
fbem-8484	29	6	the	the	DET
fbem-8484	29	7	spread	spread	ADJ
fbem-8484	29	8	determination	determination	NOUN
fbem-8484	29	9	model	model	NOUN
fbem-8484	29	10	on	on	ADP
fbem-8484	29	11	this	this	DET
fbem-8484	29	12	basis	basis	NOUN
fbem-8484	29	13	:	:	PUNCT
fbem-8484	29	14	allen	allen	PROPN
fbem-8484	29	15	(	(	PUNCT
fbem-8484	29	16	1988	1988	NUM
fbem-8484	29	17	)	)	PUNCT
fbem-8484	30	1	[	[	X
fbem-8484	30	2	7	7	X
fbem-8484	30	3	]	]	PUNCT
fbem-8484	30	4	considers	consider	VERB
fbem-8484	30	5	loan	loan	NOUN
fbem-8484	30	6	heterogeneity	heterogeneity	NOUN
fbem-8484	30	7	and	and	CCONJ
fbem-8484	30	8	argues	argue	VERB
fbem-8484	30	9	that	that	SCONJ
fbem-8484	30	10	the	the	DET
fbem-8484	30	11	cross	cross	NOUN
fbem-8484	30	12	-	-	NOUN
fbem-8484	30	13	elasticity	elasticity	NOUN
fbem-8484	30	14	of	of	ADP
fbem-8484	30	15	demand	demand	NOUN
fbem-8484	30	16	among	among	ADP
fbem-8484	30	17	banks	bank	NOUN
fbem-8484	30	18	’	'	PUNCT
fbem-8484	30	19	diversified	diversify	VERB
fbem-8484	30	20	products	product	NOUN
fbem-8484	30	21	narrows	narrow	VERB
fbem-8484	30	22	bank	bank	NOUN
fbem-8484	30	23	spreads	spread	NOUN
fbem-8484	30	24	.	.	PUNCT
fbem-8484	31	1	angbazo	angbazo	NOUN
fbem-8484	31	2	(	(	PUNCT
fbem-8484	31	3	1997	1997	NUM
fbem-8484	31	4	)	)	PUNCT
fbem-8484	32	1	[	[	X
fbem-8484	32	2	8	8	NUM
fbem-8484	32	3	]	]	PUNCT
fbem-8484	32	4	,	,	PUNCT
fbem-8484	32	5	on	on	ADP
fbem-8484	32	6	the	the	DET
fbem-8484	32	7	other	other	ADJ
fbem-8484	32	8	hand	hand	NOUN
fbem-8484	32	9	,	,	PUNCT
fbem-8484	32	10	argues	argue	VERB
fbem-8484	32	11	that	that	SCONJ
fbem-8484	32	12	bank	bank	NOUN
fbem-8484	32	13	spreads	spread	NOUN
fbem-8484	32	14	are	be	AUX
fbem-8484	32	15	also	also	ADV
fbem-8484	32	16	affected	affect	VERB
fbem-8484	32	17	by	by	ADP
fbem-8484	32	18	credit	credit	NOUN
fbem-8484	32	19	risk	risk	NOUN
fbem-8484	32	20	and	and	CCONJ
fbem-8484	32	21	develops	develop	VERB
fbem-8484	32	22	a	a	DET
fbem-8484	32	23	spread	spread	ADJ
fbem-8484	32	24	determination	determination	NOUN
fbem-8484	32	25	model	model	NOUN
fbem-8484	32	26	that	that	PRON
fbem-8484	32	27	includes	include	VERB
fbem-8484	32	28	credit	credit	NOUN
fbem-8484	32	29	risk	risk	NOUN
fbem-8484	32	30	.	.	PUNCT
fbem-8484	33	1	maudos	maudo	NOUN
fbem-8484	33	2	and	and	CCONJ
fbem-8484	33	3	guevara	guevara	PROPN
fbem-8484	33	4	(	(	PUNCT
fbem-8484	33	5	2004	2004	NUM
fbem-8484	33	6	)	)	PUNCT
fbem-8484	34	1	[	[	X
fbem-8484	34	2	3	3	X
fbem-8484	34	3	]	]	PUNCT
fbem-8484	34	4	introduce	introduce	VERB
fbem-8484	34	5	operating	operating	NOUN
fbem-8484	34	6	costs	cost	NOUN
fbem-8484	34	7	and	and	CCONJ
fbem-8484	34	8	the	the	DET
fbem-8484	34	9	degree	degree	NOUN
fbem-8484	34	10	of	of	ADP
fbem-8484	34	11	competition	competition	NOUN
fbem-8484	34	12	into	into	ADP
fbem-8484	34	13	the	the	DET
fbem-8484	34	14	market	market	NOUN
fbem-8484	34	15	maker	maker	NOUN
fbem-8484	34	16	model	model	NOUN
fbem-8484	34	17	and	and	CCONJ
fbem-8484	34	18	find	find	VERB
fbem-8484	34	19	that	that	SCONJ
fbem-8484	34	20	bank	bank	NOUN
fbem-8484	34	21	spreads	spread	VERB
fbem-8484	34	22	decrease	decrease	NOUN
fbem-8484	34	23	with	with	ADP
fbem-8484	34	24	higher	high	ADJ
fbem-8484	34	25	market	market	NOUN
fbem-8484	34	26	concentration	concentration	NOUN
fbem-8484	34	27	.	.	PUNCT
fbem-8484	35	1	lin	lin	PROPN
fbem-8484	35	2	jane	jane	PROPN
fbem-8484	35	3	-	-	PUNCT
fbem-8484	35	4	raung	raung	PROPN
fbem-8484	35	5	et	et	PROPN
fbem-8484	35	6	al	al	PROPN
fbem-8484	35	7	.	.	PROPN
fbem-8484	36	1	(	(	PUNCT
fbem-8484	36	2	2012	2012	NUM
fbem-8484	36	3	)	)	PUNCT
fbem-8484	37	1	[	[	X
fbem-8484	37	2	9	9	NUM
fbem-8484	37	3	]	]	X
fbem-8484	37	4	selected	select	VERB
fbem-8484	37	5	commercial	commercial	ADJ
fbem-8484	37	6	banks	bank	NOUN
fbem-8484	37	7	in	in	ADP
fbem-8484	37	8	eight	eight	NUM
fbem-8484	37	9	asian	asian	ADJ
fbem-8484	37	10	countries	country	NOUN
fbem-8484	37	11	as	as	ADP
fbem-8484	37	12	a	a	DET
fbem-8484	37	13	sample	sample	NOUN
fbem-8484	37	14	and	and	CCONJ
fbem-8484	37	15	found	find	VERB
fbem-8484	37	16	that	that	SCONJ
fbem-8484	37	17	when	when	SCONJ
fbem-8484	37	18	commercial	commercial	ADJ
fbem-8484	37	19	banks	bank	NOUN
fbem-8484	37	20	have	have	VERB
fbem-8484	37	21	a	a	DET
fbem-8484	37	22	higher	high	ADJ
fbem-8484	37	23	degree	degree	NOUN
fbem-8484	37	24	of	of	ADP
fbem-8484	37	25	business	business	NOUN
fbem-8484	37	26	diversification	diversification	NOUN
fbem-8484	37	27	,	,	PUNCT
fbem-8484	37	28	the	the	DET
fbem-8484	37	29	degree	degree	NOUN
fbem-8484	37	30	of	of	ADP
fbem-8484	37	31	interest	interest	NOUN
fbem-8484	37	32	rate	rate	NOUN
fbem-8484	37	33	risk	risk	NOUN
fbem-8484	37	34	on	on	ADP
fbem-8484	37	35	bank	bank	NOUN
fbem-8484	37	36	spreads	spread	NOUN
fbem-8484	37	37	is	be	AUX
fbem-8484	37	38	relatively	relatively	ADV
fbem-8484	37	39	small	small	ADJ
fbem-8484	37	40	,	,	PUNCT
fbem-8484	37	41	indicating	indicate	VERB
fbem-8484	37	42	that	that	SCONJ
fbem-8484	37	43	when	when	SCONJ
fbem-8484	37	44	there	there	PRON
fbem-8484	37	45	are	be	VERB
fbem-8484	37	46	more	more	ADJ
fbem-8484	37	47	types	type	NOUN
fbem-8484	37	48	of	of	ADP
fbem-8484	37	49	businesses	business	NOUN
fbem-8484	37	50	,	,	PUNCT
fbem-8484	37	51	banks	bank	NOUN
fbem-8484	37	52	have	have	VERB
fbem-8484	37	53	lower	low	ADJ
fbem-8484	37	54	interest	interest	NOUN
fbem-8484	37	55	rate	rate	NOUN
fbem-8484	37	56	risk	risk	NOUN
fbem-8484	37	57	.	.	PUNCT
fbem-8484	38	1	liya	liya	PROPN
fbem-8484	38	2	liu	liu	PROPN
fbem-8484	38	3	et	et	PROPN
fbem-8484	38	4	al	al	PROPN
fbem-8484	38	5	.	.	PROPN
fbem-8484	39	1	(	(	PUNCT
fbem-8484	39	2	2014	2014	NUM
fbem-8484	39	3	)	)	PUNCT
fbem-8484	40	1	[	[	X
fbem-8484	40	2	10	10	NUM
fbem-8484	40	3	]	]	PUNCT
fbem-8484	40	4	further	far	ADV
fbem-8484	40	5	found	find	VERB
fbem-8484	40	6	that	that	SCONJ
fbem-8484	40	7	noninterest	noninter	ADJ
fbem-8484	40	8	income	income	NOUN
fbem-8484	40	9	and	and	CCONJ
fbem-8484	40	10	net	net	ADJ
fbem-8484	40	11	interest	interest	NOUN
fbem-8484	40	12	margin	margin	NOUN
fbem-8484	40	13	are	be	AUX
fbem-8484	40	14	mutually	mutually	ADV
fbem-8484	40	15	negative	negative	ADJ
fbem-8484	40	16	substitutes	substitute	NOUN
fbem-8484	40	17	in	in	ADP
fbem-8484	40	18	the	the	DET
fbem-8484	40	19	chinese	chinese	ADJ
fbem-8484	40	20	commercial	commercial	ADJ
fbem-8484	40	21	banking	banking	NOUN
fbem-8484	40	22	industry	industry	NOUN
fbem-8484	40	23	as	as	ADP
fbem-8484	40	24	a	a	DET
fbem-8484	40	25	whole	whole	NOUN
fbem-8484	40	26	,	,	PUNCT
fbem-8484	40	27	and	and	CCONJ
fbem-8484	40	28	there	there	PRON
fbem-8484	40	29	are	be	VERB
fbem-8484	40	30	some	some	DET
fbem-8484	40	31	differences	difference	NOUN
fbem-8484	40	32	among	among	ADP
fbem-8484	40	33	different	different	ADJ
fbem-8484	40	34	types	type	NOUN
fbem-8484	40	35	of	of	ADP
fbem-8484	40	36	banks	bank	NOUN
fbem-8484	40	37	.	.	PUNCT
fbem-8484	41	1	after	after	ADP
fbem-8484	41	2	that	that	PRON
fbem-8484	41	3	,	,	PUNCT
fbem-8484	41	4	xiang	xiang	PROPN
fbem-8484	41	5	qiu	qiu	PROPN
fbem-8484	41	6	(	(	PUNCT
fbem-8484	41	7	2015	2015	NUM
fbem-8484	41	8	)	)	PUNCT
fbem-8484	42	1	[	[	X
fbem-8484	42	2	11	11	NUM
fbem-8484	42	3	]	]	PUNCT
fbem-8484	42	4	concludes	conclude	VERB
fbem-8484	42	5	that	that	SCONJ
fbem-8484	42	6	chinese	chinese	ADJ
fbem-8484	42	7	commercial	commercial	ADJ
fbem-8484	42	8	banks	bank	NOUN
fbem-8484	42	9	’	'	PUNCT
fbem-8484	42	10	spreads	spread	VERB
fbem-8484	42	11	narrow	narrow	ADJ
fbem-8484	42	12	due	due	ADP
fbem-8484	42	13	to	to	ADP
fbem-8484	42	14	the	the	DET
fbem-8484	42	15	increase	increase	NOUN
fbem-8484	42	16	in	in	ADP
fbem-8484	42	17	maturity	maturity	NOUN
fbem-8484	42	18	mismatch	mismatch	NOUN
fbem-8484	42	19	risk	risk	NOUN
fbem-8484	42	20	.	.	PUNCT
fbem-8484	43	1	considering	consider	VERB
fbem-8484	43	2	macro	macro	ADJ
fbem-8484	43	3	policy	policy	NOUN
fbem-8484	43	4	and	and	CCONJ
fbem-8484	43	5	economic	economic	ADJ
fbem-8484	43	6	effects	effect	NOUN
fbem-8484	43	7	,	,	PUNCT
fbem-8484	43	8	binghai	binghai	ADJ
fbem-8484	43	9	xin	xin	PROPN
fbem-8484	43	10	et	et	PROPN
fbem-8484	43	11	al	al	PROPN
fbem-8484	43	12	.	.	PROPN
fbem-8484	44	1	(	(	PUNCT
fbem-8484	44	2	2015	2015	NUM
fbem-8484	44	3	)	)	PUNCT
fbem-8484	45	1	[	[	X
fbem-8484	45	2	12	12	NUM
fbem-8484	45	3	]	]	PUNCT
fbem-8484	45	4	concluded	conclude	VERB
fbem-8484	45	5	that	that	SCONJ
fbem-8484	45	6	macroeconomic	macroeconomic	ADJ
fbem-8484	45	7	uncertainty	uncertainty	NOUN
fbem-8484	45	8	has	have	VERB
fbem-8484	45	9	a	a	DET
fbem-8484	45	10	significant	significant	ADJ
fbem-8484	45	11	positive	positive	ADJ
fbem-8484	45	12	effect	effect	NOUN
fbem-8484	45	13	on	on	ADP
fbem-8484	45	14	bank	bank	NOUN
fbem-8484	45	15	spreads	spread	NOUN
fbem-8484	45	16	.	.	PUNCT
fbem-8484	46	1	some	some	DET
fbem-8484	46	2	scholars	scholar	NOUN
fbem-8484	46	3	also	also	ADV
fbem-8484	46	4	point	point	VERB
fbem-8484	46	5	out	out	ADP
fbem-8484	46	6	that	that	SCONJ
fbem-8484	46	7	the	the	DET
fbem-8484	46	8	level	level	NOUN
fbem-8484	46	9	of	of	ADP
fbem-8484	46	10	internationalization	internationalization	NOUN
fbem-8484	46	11	,	,	PUNCT
fbem-8484	46	12	on	on	ADP
fbem-8484	46	13	the	the	DET
fbem-8484	46	14	other	other	ADJ
fbem-8484	46	15	hand	hand	NOUN
fbem-8484	46	16	,	,	PUNCT
fbem-8484	46	17	changes	change	VERB
fbem-8484	46	18	the	the	DET
fbem-8484	46	19	cost	cost	NOUN
fbem-8484	46	20	and	and	CCONJ
fbem-8484	46	21	revenue	revenue	NOUN
fbem-8484	46	22	of	of	ADP
fbem-8484	46	23	banks	bank	NOUN
fbem-8484	46	24	’	’	PART
fbem-8484	46	25	operations	operation	NOUN
fbem-8484	46	26	,	,	PUNCT
fbem-8484	46	27	which	which	PRON
fbem-8484	46	28	in	in	ADP
fbem-8484	46	29	turn	turn	NOUN
fbem-8484	46	30	affects	affect	VERB
fbem-8484	46	31	bank	bank	NOUN
fbem-8484	46	32	spreads	spread	NOUN
fbem-8484	46	33	,	,	PUNCT
fbem-8484	46	34	and	and	CCONJ
fbem-8484	46	35	that	that	SCONJ
fbem-8484	46	36	increasing	increase	VERB
fbem-8484	46	37	the	the	DET
fbem-8484	46	38	level	level	NOUN
fbem-8484	46	39	of	of	ADP
fbem-8484	46	40	internationalization	internationalization	NOUN
fbem-8484	46	41	increases	increase	VERB
fbem-8484	46	42	bank	bank	NOUN
fbem-8484	46	43	spreads	spread	VERB
fbem-8484	46	44	[	[	X
fbem-8484	46	45	13	13	NUM
fbem-8484	46	46	]	]	PUNCT
fbem-8484	46	47	.	.	PUNCT
fbem-8484	47	1	2.2	2.2	NUM
fbem-8484	47	2	.	.	PUNCT
fbem-8484	47	3	interest	interest	NOUN
fbem-8484	47	4	rate	rate	NOUN
fbem-8484	47	5	liberalization	liberalization	NOUN
fbem-8484	47	6	and	and	CCONJ
fbem-8484	47	7	interest	interest	NOUN
fbem-8484	47	8	margin	margin	NOUN
fbem-8484	47	9	of	of	ADP
fbem-8484	47	10	bank	bank	NOUN
fbem-8484	47	11	there	there	PRON
fbem-8484	47	12	has	have	AUX
fbem-8484	47	13	been	be	AUX
fbem-8484	47	14	much	much	ADV
fbem-8484	47	15	academic	academic	ADJ
fbem-8484	47	16	discussion	discussion	NOUN
fbem-8484	47	17	about	about	ADP
fbem-8484	47	18	the	the	DET
fbem-8484	47	19	impact	impact	NOUN
fbem-8484	47	20	of	of	ADP
fbem-8484	47	21	interest	interest	NOUN
fbem-8484	47	22	rate	rate	NOUN
fbem-8484	47	23	liberalization	liberalization	NOUN
fbem-8484	47	24	on	on	ADP
fbem-8484	47	25	bank	bank	NOUN
fbem-8484	47	26	spreads	spread	NOUN
fbem-8484	47	27	,	,	PUNCT
fbem-8484	47	28	but	but	CCONJ
fbem-8484	47	29	there	there	PRON
fbem-8484	47	30	is	be	VERB
fbem-8484	47	31	still	still	ADV
fbem-8484	47	32	no	no	DET
fbem-8484	47	33	consensus	consensus	NOUN
fbem-8484	47	34	.	.	PUNCT
fbem-8484	48	1	sarr	sarr	PROPN
fbem-8484	48	2	(	(	PUNCT
fbem-8484	48	3	2000	2000	NUM
fbem-8484	48	4	)	)	PUNCT
fbem-8484	49	1	[	[	X
fbem-8484	49	2	14	14	NUM
fbem-8484	49	3	]	]	PUNCT
fbem-8484	49	4	argues	argue	VERB
fbem-8484	49	5	that	that	SCONJ
fbem-8484	49	6	increased	increase	VERB
fbem-8484	49	7	interest	interest	NOUN
fbem-8484	49	8	rate	rate	NOUN
fbem-8484	49	9	liberalization	liberalization	NOUN
fbem-8484	49	10	increases	increase	VERB
fbem-8484	49	11	competition	competition	NOUN
fbem-8484	49	12	among	among	ADP
fbem-8484	49	13	banks	bank	NOUN
fbem-8484	49	14	,	,	PUNCT
fbem-8484	49	15	which	which	PRON
fbem-8484	49	16	increases	increase	VERB
fbem-8484	49	17	bank	bank	NOUN
fbem-8484	49	18	deposit	deposit	NOUN
fbem-8484	49	19	rates	rate	NOUN
fbem-8484	49	20	and	and	CCONJ
fbem-8484	49	21	reduces	reduce	VERB
fbem-8484	49	22	bank	bank	NOUN
fbem-8484	49	23	spreads	spread	NOUN
fbem-8484	49	24	,	,	PUNCT
fbem-8484	49	25	and	and	CCONJ
fbem-8484	49	26	saunders	saunder	NOUN
fbem-8484	49	27	and	and	CCONJ
fbem-8484	49	28	schumacher	schumacher	PROPN
fbem-8484	49	29	(	(	PUNCT
fbem-8484	49	30	2000	2000	NUM
fbem-8484	49	31	)	)	PUNCT
fbem-8484	50	1	[	[	X
fbem-8484	50	2	15	15	NUM
fbem-8484	50	3	]	]	PUNCT
fbem-8484	50	4	find	find	VERB
fbem-8484	50	5	that	that	SCONJ
fbem-8484	50	6	macro	macro	ADJ
fbem-8484	50	7	financial	financial	ADJ
fbem-8484	50	8	policies	policy	NOUN
fbem-8484	50	9	reduce	reduce	VERB
fbem-8484	50	10	bank	bank	NOUN
fbem-8484	50	11	spreads	spread	NOUN
fbem-8484	50	12	while	while	SCONJ
fbem-8484	50	13	reducing	reduce	VERB
fbem-8484	50	14	interest	interest	NOUN
fbem-8484	50	15	rate	rate	NOUN
fbem-8484	50	16	volatility	volatility	NOUN
fbem-8484	50	17	under	under	ADP
fbem-8484	50	18	interest	interest	NOUN
fbem-8484	50	19	rate	rate	NOUN
fbem-8484	50	20	liberalization	liberalization	NOUN
fbem-8484	50	21	based	base	VERB
fbem-8484	50	22	on	on	ADP
fbem-8484	50	23	data	datum	NOUN
fbem-8484	50	24	from	from	ADP
fbem-8484	50	25	the	the	DET
fbem-8484	50	26	united	united	PROPN
fbem-8484	50	27	states	states	PROPN
fbem-8484	50	28	and	and	CCONJ
fbem-8484	50	29	europe	europe	PROPN
fbem-8484	50	30	.	.	PUNCT
fbem-8484	51	1	some	some	DET
fbem-8484	51	2	scholars	scholar	NOUN
fbem-8484	51	3	also	also	ADV
fbem-8484	51	4	argue	argue	VERB
fbem-8484	51	5	that	that	SCONJ
fbem-8484	51	6	interest	interest	NOUN
fbem-8484	51	7	rate	rate	NOUN
fbem-8484	51	8	liberalization	liberalization	NOUN
fbem-8484	51	9	does	do	AUX
fbem-8484	51	10	not	not	PART
fbem-8484	51	11	necessarily	necessarily	ADV
fbem-8484	51	12	lead	lead	VERB
fbem-8484	51	13	to	to	ADP
fbem-8484	51	14	a	a	DET
fbem-8484	51	15	decrease	decrease	NOUN
fbem-8484	51	16	in	in	ADP
fbem-8484	51	17	commercial	commercial	ADJ
fbem-8484	51	18	bank	bank	NOUN
fbem-8484	51	19	spreads	spread	NOUN
fbem-8484	51	20	,	,	PUNCT
fbem-8484	51	21	and	and	CCONJ
fbem-8484	51	22	that	that	PRON
fbem-8484	51	23	spreads	spread	NOUN
fbem-8484	51	24	may	may	AUX
fbem-8484	51	25	even	even	ADV
fbem-8484	51	26	increase	increase	VERB
fbem-8484	51	27	with	with	ADP
fbem-8484	51	28	deeper	deep	ADJ
fbem-8484	51	29	interest	interest	NOUN
fbem-8484	51	30	rate	rate	NOUN
fbem-8484	51	31	liberalization	liberalization	NOUN
fbem-8484	51	32	[	[	X
fbem-8484	51	33	16,17	16,17	NUM
fbem-8484	51	34	]	]	PUNCT
fbem-8484	51	35	.	.	PUNCT
fbem-8484	52	1	kumar	kumar	PROPN
fbem-8484	52	2	(	(	PUNCT
fbem-8484	52	3	2017	2017	NUM
fbem-8484	52	4	)	)	PUNCT
fbem-8484	53	1	[	[	X
fbem-8484	53	2	18	18	NUM
fbem-8484	53	3	]	]	PUNCT
fbem-8484	53	4	states	state	VERB
fbem-8484	53	5	that	that	SCONJ
fbem-8484	53	6	although	although	SCONJ
fbem-8484	53	7	interest	interest	NOUN
fbem-8484	53	8	rate	rate	NOUN
fbem-8484	53	9	liberalization	liberalization	NOUN
fbem-8484	53	10	leads	lead	VERB
fbem-8484	53	11	to	to	ADP
fbem-8484	53	12	an	an	DET
fbem-8484	53	13	environment	environment	NOUN
fbem-8484	53	14	of	of	ADP
fbem-8484	53	15	low	low	ADJ
fbem-8484	53	16	interest	interest	NOUN
fbem-8484	53	17	rates	rate	NOUN
fbem-8484	53	18	,	,	PUNCT
fbem-8484	53	19	the	the	DET
fbem-8484	53	20	increase	increase	NOUN
fbem-8484	53	21	in	in	ADP
fbem-8484	53	22	the	the	DET
fbem-8484	53	23	size	size	NOUN
fbem-8484	53	24	of	of	ADP
fbem-8484	53	25	credit	credit	NOUN
fbem-8484	53	26	and	and	CCONJ
fbem-8484	53	27	the	the	DET
fbem-8484	53	28	optimization	optimization	NOUN
fbem-8484	53	29	of	of	ADP
fbem-8484	53	30	the	the	DET
fbem-8484	53	31	deposit	deposit	NOUN
fbem-8484	53	32	and	and	CCONJ
fbem-8484	53	33	lending	lending	NOUN
fbem-8484	53	34	structure	structure	NOUN
fbem-8484	53	35	will	will	AUX
fbem-8484	53	36	eventually	eventually	ADV
fbem-8484	53	37	increase	increase	VERB
fbem-8484	53	38	the	the	DET
fbem-8484	53	39	interest	interest	NOUN
fbem-8484	53	40	income	income	NOUN
fbem-8484	53	41	of	of	ADP
fbem-8484	53	42	commercial	commercial	ADJ
fbem-8484	53	43	banks	bank	NOUN
fbem-8484	53	44	.	.	PUNCT
fbem-8484	54	1	taking	take	VERB
fbem-8484	54	2	china	china	PROPN
fbem-8484	54	3	’s	’s	PART
fbem-8484	54	4	interest	interest	NOUN
fbem-8484	54	5	rate	rate	NOUN
fbem-8484	54	6	liberalization	liberalization	NOUN
fbem-8484	54	7	reform	reform	NOUN
fbem-8484	54	8	as	as	ADP
fbem-8484	54	9	the	the	DET
fbem-8484	54	10	background	background	NOUN
fbem-8484	54	11	,	,	PUNCT
fbem-8484	54	12	many	many	ADJ
fbem-8484	54	13	chinese	chinese	ADJ
fbem-8484	54	14	scholars	scholar	NOUN
fbem-8484	54	15	have	have	AUX
fbem-8484	54	16	given	give	VERB
fbem-8484	54	17	corresponding	corresponding	ADJ
fbem-8484	54	18	analyses	analysis	NOUN
fbem-8484	54	19	.	.	PUNCT
fbem-8484	55	1	many	many	ADJ
fbem-8484	55	2	studies	study	NOUN
fbem-8484	55	3	have	have	AUX
fbem-8484	55	4	concluded	conclude	VERB
fbem-8484	55	5	that	that	SCONJ
fbem-8484	55	6	the	the	DET
fbem-8484	55	7	competitive	competitive	ADJ
fbem-8484	55	8	effect	effect	NOUN
fbem-8484	55	9	resulting	result	VERB
fbem-8484	55	10	from	from	ADP
fbem-8484	55	11	interest	interest	NOUN
fbem-8484	55	12	rate	rate	NOUN
fbem-8484	55	13	liberalization	liberalization	NOUN
fbem-8484	55	14	significantly	significantly	ADV
fbem-8484	55	15	narrowed	narrow	VERB
fbem-8484	55	16	bank	bank	NOUN
fbem-8484	55	17	spreads	spread	VERB
fbem-8484	55	18	[	[	X
fbem-8484	55	19	19,20,21	19,20,21	NUM
fbem-8484	55	20	]	]	X
fbem-8484	55	21	.	.	PUNCT
fbem-8484	56	1	particularly	particularly	ADV
fbem-8484	56	2	,	,	PUNCT
fbem-8484	56	3	lifu	lifu	NOUN
fbem-8484	56	4	fu	fu	NOUN
fbem-8484	56	5	and	and	CCONJ
fbem-8484	56	6	jian	jian	PROPN
fbem-8484	56	7	wei	wei	PROPN
fbem-8484	56	8	(	(	PUNCT
fbem-8484	56	9	2014	2014	NUM
fbem-8484	56	10	)	)	PUNCT
fbem-8484	57	1	[	[	X
fbem-8484	57	2	22	22	NUM
fbem-8484	57	3	]	]	PUNCT
fbem-8484	57	4	point	point	NOUN
fbem-8484	57	5	out	out	ADP
fbem-8484	57	6	that	that	SCONJ
fbem-8484	57	7	interest	interest	NOUN
fbem-8484	57	8	rate	rate	NOUN
fbem-8484	57	9	liberalization	liberalization	NOUN
fbem-8484	57	10	reduced	reduce	VERB
fbem-8484	57	11	commercial	commercial	ADJ
fbem-8484	57	12	banks	bank	NOUN
fbem-8484	57	13	’	'	PUNCT
fbem-8484	57	14	net	net	ADJ
fbem-8484	57	15	spreads	spread	NOUN
fbem-8484	57	16	by	by	ADP
fbem-8484	57	17	29.31	29.31	NUM
fbem-8484	57	18	%	%	NOUN
fbem-8484	57	19	relative	relative	ADJ
fbem-8484	57	20	to	to	ADP
fbem-8484	57	21	a	a	DET
fbem-8484	57	22	reasonable	reasonable	ADJ
fbem-8484	57	23	level	level	NOUN
fbem-8484	57	24	and	and	CCONJ
fbem-8484	57	25	that	that	SCONJ
fbem-8484	57	26	,	,	PUNCT
fbem-8484	57	27	relative	relative	ADJ
fbem-8484	57	28	to	to	ADP
fbem-8484	57	29	national	national	ADJ
fbem-8484	57	30	banks	bank	NOUN
fbem-8484	57	31	local	local	ADJ
fbem-8484	57	32	banks	bank	NOUN
fbem-8484	57	33	were	be	AUX
fbem-8484	57	34	hit	hit	VERB
fbem-8484	57	35	harder	hard	ADV
fbem-8484	57	36	.	.	PUNCT
fbem-8484	58	1	some	some	DET
fbem-8484	58	2	scholars	scholar	NOUN
fbem-8484	58	3	also	also	ADV
fbem-8484	58	4	hold	hold	VERB
fbem-8484	58	5	the	the	DET
fbem-8484	58	6	opposite	opposite	ADJ
fbem-8484	58	7	view	view	NOUN
fbem-8484	58	8	,	,	PUNCT
fbem-8484	58	9	shusong	shusong	PROPN
fbem-8484	58	10	ba	ba	PROPN
fbem-8484	58	11	et	et	PROPN
fbem-8484	58	12	al	al	PROPN
fbem-8484	58	13	.	.	PROPN
fbem-8484	59	1	(	(	PUNCT
fbem-8484	59	2	2012	2012	NUM
fbem-8484	59	3	)	)	PUNCT
fbem-8484	60	1	[	[	X
fbem-8484	60	2	23	23	NUM
fbem-8484	60	3	]	]	PUNCT
fbem-8484	60	4	argues	argue	VERB
fbem-8484	60	5	that	that	SCONJ
fbem-8484	60	6	although	although	SCONJ
fbem-8484	60	7	bank	bank	NOUN
fbem-8484	60	8	spreads	spread	NOUN
fbem-8484	60	9	will	will	AUX
fbem-8484	60	10	narrow	narrow	VERB
fbem-8484	60	11	in	in	ADP
fbem-8484	60	12	the	the	DET
fbem-8484	60	13	short	short	ADJ
fbem-8484	60	14	term	term	NOUN
fbem-8484	60	15	,	,	PUNCT
fbem-8484	60	16	and	and	CCONJ
fbem-8484	60	17	they	they	PRON
fbem-8484	60	18	will	will	AUX
fbem-8484	60	19	show	show	VERB
fbem-8484	60	20	a	a	DET
fbem-8484	60	21	stable	stable	ADJ
fbem-8484	60	22	or	or	CCONJ
fbem-8484	60	23	widening	widen	VERB
fbem-8484	60	24	trend	trend	NOUN
fbem-8484	60	25	in	in	ADP
fbem-8484	60	26	the	the	DET
fbem-8484	60	27	long	long	ADJ
fbem-8484	60	28	term	term	NOUN
fbem-8484	60	29	.	.	PUNCT
fbem-8484	61	1	using	use	VERB
fbem-8484	61	2	evolutionary	evolutionary	ADJ
fbem-8484	61	3	game	game	NOUN
fbem-8484	61	4	analysis	analysis	NOUN
fbem-8484	61	5	,	,	PUNCT
fbem-8484	61	6	shuqing	shuqe	VERB
fbem-8484	61	7	huang	huang	PROPN
fbem-8484	61	8	and	and	CCONJ
fbem-8484	61	9	lulu	lulu	PROPN
fbem-8484	61	10	sun	sun	PROPN
fbem-8484	61	11	(	(	PUNCT
fbem-8484	61	12	2014	2014	NUM
fbem-8484	61	13	)	)	PUNCT
fbem-8484	62	1	[	[	X
fbem-8484	62	2	24	24	NUM
fbem-8484	62	3	]	]	PUNCT
fbem-8484	62	4	point	point	NOUN
fbem-8484	62	5	out	out	ADP
fbem-8484	62	6	that	that	SCONJ
fbem-8484	62	7	interest	interest	NOUN
fbem-8484	62	8	rate	rate	NOUN
fbem-8484	62	9	liberalization	liberalization	NOUN
fbem-8484	62	10	reform	reform	NOUN
fbem-8484	62	11	will	will	AUX
fbem-8484	62	12	lead	lead	VERB
fbem-8484	62	13	to	to	ADP
fbem-8484	62	14	a	a	DET
fbem-8484	62	15	gradual	gradual	ADJ
fbem-8484	62	16	adjustment	adjustment	NOUN
fbem-8484	62	17	of	of	ADP
fbem-8484	62	18	banking	banking	NOUN
fbem-8484	62	19	business	business	NOUN
fbem-8484	62	20	and	and	CCONJ
fbem-8484	62	21	eventually	eventually	ADV
fbem-8484	62	22	expand	expand	VERB
fbem-8484	62	23	banks	bank	NOUN
fbem-8484	62	24	’	'	PUNCT
fbem-8484	62	25	spread	spread	VERB
fbem-8484	62	26	income	income	NOUN
fbem-8484	62	27	.	.	PUNCT
fbem-8484	63	1	in	in	ADP
fbem-8484	63	2	contrast	contrast	NOUN
fbem-8484	63	3	,	,	PUNCT
fbem-8484	63	4	peng	peng	PROPN
fbem-8484	63	5	et	et	PROPN
fbem-8484	63	6	al	al	PROPN
fbem-8484	63	7	.	.	PROPN
fbem-8484	64	1	(	(	PUNCT
fbem-8484	64	2	2016	2016	NUM
fbem-8484	64	3	)	)	PUNCT
fbem-8484	65	1	[	[	X
fbem-8484	65	2	5	5	NUM
fbem-8484	65	3	]	]	PUNCT
fbem-8484	65	4	point	point	NOUN
fbem-8484	65	5	out	out	ADP
fbem-8484	65	6	that	that	SCONJ
fbem-8484	65	7	the	the	DET
fbem-8484	65	8	two	two	NUM
fbem-8484	65	9	show	show	VERB
fbem-8484	65	10	an	an	DET
fbem-8484	65	11	inverted	inverted	ADJ
fbem-8484	65	12	u	u	ADJ
fbem-8484	65	13	-	-	ADJ
fbem-8484	65	14	shaped	shape	VERB
fbem-8484	65	15	relationship	relationship	NOUN
fbem-8484	65	16	,	,	PUNCT
fbem-8484	65	17	with	with	ADP
fbem-8484	65	18	spreads	spread	NOUN
fbem-8484	65	19	showing	show	VERB
fbem-8484	65	20	a	a	DET
fbem-8484	65	21	trend	trend	NOUN
fbem-8484	65	22	of	of	ADP
fbem-8484	65	23	increasing	increase	VERB
fbem-8484	65	24	and	and	CCONJ
fbem-8484	65	25	then	then	ADV
fbem-8484	65	26	decreasing	decrease	VERB
fbem-8484	65	27	.	.	PUNCT
fbem-8484	66	1	with	with	ADP
fbem-8484	66	2	reference	reference	NOUN
fbem-8484	66	3	to	to	ADP
fbem-8484	66	4	the	the	DET
fbem-8484	66	5	above	above	ADJ
fbem-8484	66	6	literature	literature	NOUN
fbem-8484	66	7	,	,	PUNCT
fbem-8484	66	8	we	we	PRON
fbem-8484	66	9	will	will	AUX
fbem-8484	66	10	make	make	VERB
fbem-8484	66	11	comprehensive	comprehensive	ADJ
fbem-8484	66	12	refinements	refinement	NOUN
fbem-8484	66	13	to	to	ADP
fbem-8484	66	14	the	the	DET
fbem-8484	66	15	existing	exist	VERB
fbem-8484	66	16	interest	interest	NOUN
fbem-8484	66	17	rate	rate	NOUN
fbem-8484	66	18	determination	determination	NOUN
fbem-8484	66	19	model	model	NOUN
fbem-8484	66	20	by	by	ADP
fbem-8484	66	21	combining	combine	VERB
fbem-8484	66	22	the	the	DET
fbem-8484	66	23	latest	late	ADJ
fbem-8484	66	24	data	datum	NOUN
fbem-8484	66	25	of	of	ADP
fbem-8484	66	26	the	the	DET
fbem-8484	66	27	last	last	ADJ
fbem-8484	66	28	decade	decade	NOUN
fbem-8484	66	29	in	in	ADP
fbem-8484	66	30	china	china	PROPN
fbem-8484	66	31	,	,	PUNCT
fbem-8484	66	32	and	and	CCONJ
fbem-8484	66	33	examine	examine	VERB
fbem-8484	66	34	the	the	DET
fbem-8484	66	35	determinants	determinant	NOUN
fbem-8484	66	36	of	of	ADP
fbem-8484	66	37	commercial	commercial	ADJ
fbem-8484	66	38	bank	bank	NOUN
fbem-8484	66	39	spreads	spread	VERB
fbem-8484	66	40	during	during	ADP
fbem-8484	66	41	the	the	DET
fbem-8484	66	42	gradual	gradual	ADJ
fbem-8484	66	43	progress	progress	NOUN
fbem-8484	66	44	of	of	ADP
fbem-8484	66	45	interest	interest	NOUN
fbem-8484	66	46	rate	rate	NOUN
fbem-8484	66	47	liberalization	liberalization	NOUN
fbem-8484	66	48	and	and	CCONJ
fbem-8484	66	49	the	the	DET
fbem-8484	66	50	impact	impact	NOUN
fbem-8484	66	51	of	of	ADP
fbem-8484	66	52	the	the	DET
fbem-8484	66	53	degree	degree	NOUN
fbem-8484	66	54	of	of	ADP
fbem-8484	66	55	interest	interest	NOUN
fbem-8484	66	56	rate	rate	NOUN
fbem-8484	66	57	marketization	marketization	NOUN
fbem-8484	66	58	on	on	ADP
fbem-8484	66	59	commercial	commercial	ADJ
fbem-8484	66	60	banks	bank	NOUN
fbem-8484	66	61	’	’	PART
fbem-8484	66	62	interest	interest	NOUN
fbem-8484	66	63	margins	margin	NOUN
fbem-8484	66	64	in	in	ADP
fbem-8484	66	65	china	china	PROPN
fbem-8484	66	66	with	with	ADP
fbem-8484	66	67	empirical	empirical	ADJ
fbem-8484	66	68	analysis	analysis	NOUN
fbem-8484	66	69	.	.	PUNCT
fbem-8484	67	1	3	3	X
fbem-8484	67	2	.	.	X
fbem-8484	67	3	research	research	NOUN
fbem-8484	67	4	design	design	PROPN
fbem-8484	67	5	3.1	3.1	NUM
fbem-8484	67	6	.	.	PUNCT
fbem-8484	68	1	study	study	NOUN
fbem-8484	68	2	sample	sample	NOUN
fbem-8484	68	3	and	and	CCONJ
fbem-8484	68	4	data	datum	NOUN
fbem-8484	68	5	sources	source	NOUN
fbem-8484	68	6	we	we	PRON
fbem-8484	68	7	select	select	VERB
fbem-8484	68	8	39	39	NUM
fbem-8484	68	9	commercial	commercial	ADJ
fbem-8484	68	10	banks	bank	NOUN
fbem-8484	68	11	in	in	ADP
fbem-8484	68	12	china	china	PROPN
fbem-8484	68	13	(	(	PUNCT
fbem-8484	68	14	including	include	VERB
fbem-8484	68	15	5	5	NUM
fbem-8484	68	16	large	large	ADJ
fbem-8484	68	17	state	state	NOUN
fbem-8484	68	18	-	-	PUNCT
fbem-8484	68	19	owned	own	VERB
fbem-8484	68	20	commercial	commercial	ADJ
fbem-8484	68	21	banks	bank	NOUN
fbem-8484	68	22	,	,	PUNCT
fbem-8484	68	23	10	10	NUM
fbem-8484	68	24	joint	joint	ADJ
fbem-8484	68	25	-	-	PUNCT
fbem-8484	68	26	stock	stock	NOUN
fbem-8484	68	27	banks	bank	NOUN
fbem-8484	68	28	,	,	PUNCT
fbem-8484	68	29	17	17	NUM
fbem-8484	68	30	urban	urban	ADJ
fbem-8484	68	31	commercial	commercial	ADJ
fbem-8484	68	32	banks	bank	NOUN
fbem-8484	68	33	and	and	CCONJ
fbem-8484	68	34	7	7	NUM
fbem-8484	68	35	rural	rural	ADJ
fbem-8484	68	36	commercial	commercial	ADJ
fbem-8484	68	37	banks	bank	NOUN
fbem-8484	68	38	)	)	PUNCT
fbem-8484	68	39	as	as	ADP
fbem-8484	68	40	an	an	DET
fbem-8484	68	41	empirical	empirical	ADJ
fbem-8484	68	42	sample	sample	NOUN
fbem-8484	68	43	to	to	PART
fbem-8484	68	44	study	study	VERB
fbem-8484	68	45	the	the	DET
fbem-8484	68	46	impact	impact	NOUN
fbem-8484	68	47	of	of	ADP
fbem-8484	68	48	interest	interest	NOUN
fbem-8484	68	49	rate	rate	NOUN
fbem-8484	68	50	marketization	marketization	NOUN
fbem-8484	68	51	on	on	ADP
fbem-8484	68	52	the	the	DET
fbem-8484	68	53	spreads	spread	NOUN
fbem-8484	68	54	of	of	ADP
fbem-8484	68	55	commercial	commercial	ADJ
fbem-8484	68	56	banks	bank	NOUN
fbem-8484	68	57	in	in	ADP
fbem-8484	68	58	china	china	PROPN
fbem-8484	68	59	.	.	PUNCT
fbem-8484	69	1	macro	macro	ADJ
fbem-8484	69	2	data	datum	NOUN
fbem-8484	69	3	are	be	AUX
fbem-8484	69	4	obtained	obtain	VERB
fbem-8484	69	5	from	from	ADP
fbem-8484	69	6	the	the	DET
fbem-8484	69	7	national	national	PROPN
fbem-8484	69	8	bureau	bureau	PROPN
fbem-8484	69	9	of	of	ADP
fbem-8484	69	10	statistics	statistic	NOUN
fbem-8484	69	11	of	of	ADP
fbem-8484	69	12	china	china	PROPN
fbem-8484	69	13	,	,	PUNCT
fbem-8484	69	14	and	and	CCONJ
fbem-8484	69	15	bank	bank	PROPN
fbem-8484	69	16	micro	micro	PROPN
fbem-8484	69	17	data	datum	NOUN
fbem-8484	69	18	are	be	AUX
fbem-8484	69	19	obtained	obtain	VERB
fbem-8484	69	20	from	from	ADP
fbem-8484	69	21	the	the	DET
fbem-8484	69	22	csmar	csmar	PROPN
fbem-8484	69	23	database	database	NOUN
fbem-8484	69	24	.	.	PUNCT
fbem-8484	70	1	for	for	ADP
fbem-8484	70	2	missing	miss	VERB
fbem-8484	70	3	and	and	CCONJ
fbem-8484	70	4	apparently	apparently	ADV
fbem-8484	70	5	anomalous	anomalous	ADJ
fbem-8484	70	6	data	datum	NOUN
fbem-8484	70	7	,	,	PUNCT
fbem-8484	70	8	we	we	PRON
fbem-8484	70	9	consult	consult	VERB
fbem-8484	70	10	a	a	DET
fbem-8484	70	11	large	large	ADJ
fbem-8484	70	12	number	number	NOUN
fbem-8484	70	13	of	of	ADP
fbem-8484	70	14	bank	bank	NOUN
fbem-8484	70	15	annual	annual	ADJ
fbem-8484	70	16	reports	report	NOUN
fbem-8484	70	17	for	for	ADP
fbem-8484	70	18	additions	addition	NOUN
fbem-8484	70	19	and	and	CCONJ
fbem-8484	70	20	corrections	correction	NOUN
fbem-8484	70	21	,	,	PUNCT
fbem-8484	70	22	and	and	CCONJ
fbem-8484	70	23	finally	finally	ADV
fbem-8484	70	24	obtain	obtain	VERB
fbem-8484	70	25	balanced	balanced	ADJ
fbem-8484	70	26	panel	panel	NOUN
fbem-8484	70	27	data	datum	NOUN
fbem-8484	70	28	for	for	ADP
fbem-8484	70	29	39	39	NUM
fbem-8484	70	30	commercial	commercial	ADJ
fbem-8484	70	31	banks	bank	NOUN
fbem-8484	70	32	from	from	ADP
fbem-8484	70	33	2013	2013	NUM
fbem-8484	70	34	-	-	SYM
fbem-8484	70	35	2022	2022	NUM
fbem-8484	70	36	.	.	PUNCT
fbem-8484	71	1	3.2	3.2	NUM
fbem-8484	71	2	.	.	PUNCT
fbem-8484	72	1	variable	variable	ADJ
fbem-8484	72	2	selection	selection	NOUN
fbem-8484	72	3	3.2.1	3.2.1	NUM
fbem-8484	72	4	.	.	PUNCT
fbem-8484	73	1	dependent	dependent	ADJ
fbem-8484	73	2	variable	variable	NOUN
fbem-8484	73	3	the	the	DET
fbem-8484	73	4	dependent	dependent	ADJ
fbem-8484	73	5	variable	variable	NOUN
fbem-8484	73	6	in	in	ADP
fbem-8484	73	7	this	this	DET
fbem-8484	73	8	paper	paper	NOUN
fbem-8484	73	9	is	be	AUX
fbem-8484	73	10	commercial	commercial	ADJ
fbem-8484	73	11	bank	bank	NOUN
fbem-8484	73	12	’s	’s	PART
fbem-8484	73	13	interest	interest	NOUN
fbem-8484	73	14	margin	margin	NOUN
fbem-8484	73	15	.	.	PUNCT
fbem-8484	74	1	in	in	ADP
fbem-8484	74	2	traditional	traditional	ADJ
fbem-8484	74	3	theoretical	theoretical	ADJ
fbem-8484	74	4	studies	study	NOUN
fbem-8484	74	5	,	,	PUNCT
fbem-8484	74	6	banks	bank	NOUN
fbem-8484	74	7	are	be	AUX
fbem-8484	74	8	often	often	ADV
fbem-8484	74	9	regarded	regard	VERB
fbem-8484	74	10	as	as	ADP
fbem-8484	74	11	financial	financial	ADJ
fbem-8484	74	12	intermediaries	intermediary	NOUN
fbem-8484	74	13	who	who	PRON
fbem-8484	74	14	only	only	ADV
fbem-8484	74	15	take	take	VERB
fbem-8484	74	16	deposits	deposit	NOUN
fbem-8484	74	17	and	and	CCONJ
fbem-8484	74	18	issue	issue	NOUN
fbem-8484	74	19	loans	loan	NOUN
fbem-8484	74	20	,	,	PUNCT
fbem-8484	74	21	but	but	CCONJ
fbem-8484	74	22	with	with	ADP
fbem-8484	74	23	modern	modern	ADJ
fbem-8484	74	24	financial	financial	ADJ
fbem-8484	74	25	innovation	innovation	NOUN
fbem-8484	74	26	and	and	CCONJ
fbem-8484	74	27	the	the	DET
fbem-8484	74	28	continuous	continuous	ADJ
fbem-8484	74	29	diversification	diversification	NOUN
fbem-8484	74	30	and	and	CCONJ
fbem-8484	74	31	complexity	complexity	NOUN
fbem-8484	74	32	of	of	ADP
fbem-8484	74	33	bank	bank	NOUN
fbem-8484	74	34	functions	function	NOUN
fbem-8484	74	35	,	,	PUNCT
fbem-8484	74	36	such	such	ADJ
fbem-8484	74	37	simple	simple	ADJ
fbem-8484	74	38	abstraction	abstraction	NOUN
fbem-8484	74	39	has	have	AUX
fbem-8484	74	40	deviated	deviate	VERB
fbem-8484	74	41	from	from	ADP
fbem-8484	74	42	the	the	DET
fbem-8484	74	43	actual	actual	ADJ
fbem-8484	74	44	phenomenon	phenomenon	NOUN
fbem-8484	74	45	.	.	PUNCT
fbem-8484	75	1	interest	interest	NOUN
fbem-8484	75	2	-	-	PUNCT
fbem-8484	75	3	bearing	bear	VERB
fbem-8484	75	4	assets	asset	NOUN
fbem-8484	75	5	of	of	ADP
fbem-8484	75	6	modern	modern	ADJ
fbem-8484	75	7	commercial	commercial	ADJ
fbem-8484	75	8	banks	bank	NOUN
fbem-8484	75	9	not	not	PART
fbem-8484	75	10	only	only	ADV
fbem-8484	75	11	refer	refer	VERB
fbem-8484	75	12	to	to	ADP
fbem-8484	75	13	loans	loan	NOUN
fbem-8484	75	14	,	,	PUNCT
fbem-8484	75	15	but	but	CCONJ
fbem-8484	75	16	also	also	ADV
fbem-8484	75	17	include	include	VERB
fbem-8484	75	18	bond	bond	NOUN
fbem-8484	75	19	investments	investment	NOUN
fbem-8484	75	20	,	,	PUNCT
fbem-8484	75	21	interest	interest	NOUN
fbem-8484	75	22	on	on	ADP
fbem-8484	75	23	reserves	reserve	NOUN
fbem-8484	75	24	,	,	PUNCT
fbem-8484	75	25	interbank	interbank	NOUN
fbem-8484	75	26	deposits	deposit	NOUN
fbem-8484	75	27	,	,	PUNCT
fbem-8484	75	28	etc	etc	X
fbem-8484	75	29	.	.	X
fbem-8484	75	30	interest	interest	NOUN
fbem-8484	75	31	-	-	PUNCT
fbem-8484	75	32	bearing	bear	VERB
fbem-8484	75	33	liabilities	liability	NOUN
fbem-8484	75	34	not	not	PART
fbem-8484	75	35	only	only	ADV
fbem-8484	75	36	refer	refer	VERB
fbem-8484	75	37	to	to	ADP
fbem-8484	75	38	deposits	deposit	NOUN
fbem-8484	75	39	,	,	PUNCT
fbem-8484	75	40	but	but	CCONJ
fbem-8484	75	41	also	also	ADV
fbem-8484	75	42	include	include	VERB
fbem-8484	75	43	interbank	interbank	NOUN
fbem-8484	75	44	lending	lending	NOUN
fbem-8484	75	45	,	,	PUNCT
fbem-8484	75	46	bond	bond	NOUN
fbem-8484	75	47	financing	financing	NOUN
fbem-8484	75	48	,	,	PUNCT
fbem-8484	75	49	etc	etc	X
fbem-8484	75	50	.	.	X
fbem-8484	76	1	these	these	DET
fbem-8484	76	2	factors	factor	NOUN
fbem-8484	76	3	should	should	AUX
fbem-8484	76	4	obviously	obviously	ADV
fbem-8484	76	5	be	be	AUX
fbem-8484	76	6	taken	take	VERB
fbem-8484	76	7	into	into	ADP
fbem-8484	76	8	account	account	NOUN
fbem-8484	76	9	as	as	ADV
fbem-8484	76	10	well	well	ADV
fbem-8484	76	11	.	.	PUNCT
fbem-8484	77	1	in	in	ADP
fbem-8484	77	2	modern	modern	ADJ
fbem-8484	77	3	bank	bank	NOUN
fbem-8484	77	4	management	management	NOUN
fbem-8484	77	5	,	,	PUNCT
fbem-8484	77	6	net	net	ADJ
fbem-8484	77	7	interest	interest	NOUN
fbem-8484	77	8	margin	margin	NOUN
fbem-8484	77	9	(	(	PUNCT
fbem-8484	77	10	nim	nim	NOUN
fbem-8484	77	11	)	)	PUNCT
fbem-8484	77	12	is	be	AUX
fbem-8484	77	13	a	a	DET
fbem-8484	77	14	recognized	recognize	VERB
fbem-8484	77	15	indicator	indicator	NOUN
fbem-8484	77	16	to	to	PART
fbem-8484	77	17	measure	measure	VERB
fbem-8484	77	18	the	the	DET
fbem-8484	77	19	level	level	NOUN
fbem-8484	77	20	of	of	ADP
fbem-8484	77	21	bank	bank	NOUN
fbem-8484	77	22	spreads	spread	NOUN
fbem-8484	77	23	,	,	PUNCT
fbem-8484	77	24	and	and	CCONJ
fbem-8484	77	25	is	be	AUX
fbem-8484	77	26	also	also	ADV
fbem-8484	77	27	an	an	DET
fbem-8484	77	28	important	important	ADJ
fbem-8484	77	29	data	datum	NOUN
fbem-8484	77	30	required	require	VERB
fbem-8484	77	31	to	to	PART
fbem-8484	77	32	be	be	AUX
fbem-8484	77	33	disclosed	disclose	VERB
fbem-8484	77	34	in	in	ADP
fbem-8484	77	35	banks	bank	NOUN
fbem-8484	77	36	’	'	PUNCT
fbem-8484	77	37	annual	annual	ADJ
fbem-8484	77	38	reports	report	NOUN
fbem-8484	77	39	,	,	PUNCT
fbem-8484	77	40	which	which	PRON
fbem-8484	77	41	makes	make	VERB
fbem-8484	77	42	the	the	DET
fbem-8484	77	43	integrity	integrity	NOUN
fbem-8484	77	44	and	and	CCONJ
fbem-8484	77	45	rigor	rigor	NOUN
fbem-8484	77	46	of	of	ADP
fbem-8484	77	47	the	the	DET
fbem-8484	77	48	indicator	indicator	NOUN
fbem-8484	77	49	134	134	NUM
fbem-8484	77	50	data	datum	NOUN
fbem-8484	77	51	guaranteed	guarantee	VERB
fbem-8484	77	52	.	.	PUNCT
fbem-8484	78	1	in	in	ADP
fbem-8484	78	2	most	most	ADJ
fbem-8484	78	3	previous	previous	ADJ
fbem-8484	78	4	studies	study	NOUN
fbem-8484	78	5	,	,	PUNCT
fbem-8484	78	6	nim	nim	PROPN
fbem-8484	78	7	is	be	AUX
fbem-8484	78	8	also	also	ADV
fbem-8484	78	9	often	often	ADV
fbem-8484	78	10	selected	select	VERB
fbem-8484	78	11	as	as	ADP
fbem-8484	78	12	the	the	DET
fbem-8484	78	13	dependent	dependent	ADJ
fbem-8484	78	14	variable	variable	NOUN
fbem-8484	78	15	.	.	PUNCT
fbem-8484	79	1	therefore	therefore	ADV
fbem-8484	79	2	,	,	PUNCT
fbem-8484	79	3	in	in	ADP
fbem-8484	79	4	this	this	DET
fbem-8484	79	5	paper	paper	NOUN
fbem-8484	79	6	we	we	PRON
fbem-8484	79	7	choose	choose	VERB
fbem-8484	79	8	nim	nim	PROPN
fbem-8484	79	9	as	as	ADP
fbem-8484	79	10	the	the	DET
fbem-8484	79	11	dependent	dependent	ADJ
fbem-8484	79	12	variable	variable	NOUN
fbem-8484	79	13	.	.	PUNCT
fbem-8484	80	1	3.2.2	3.2.2	X
fbem-8484	80	2	.	.	PUNCT
fbem-8484	81	1	independent	independent	ADJ
fbem-8484	81	2	variable	variable	NOUN
fbem-8484	81	3	the	the	DET
fbem-8484	81	4	core	core	ADJ
fbem-8484	81	5	independent	independent	ADJ
fbem-8484	81	6	variable	variable	NOUN
fbem-8484	81	7	of	of	ADP
fbem-8484	81	8	this	this	DET
fbem-8484	81	9	paper	paper	NOUN
fbem-8484	81	10	is	be	AUX
fbem-8484	81	11	the	the	DET
fbem-8484	81	12	degree	degree	NOUN
fbem-8484	81	13	of	of	ADP
fbem-8484	81	14	interest	interest	NOUN
fbem-8484	81	15	rate	rate	NOUN
fbem-8484	81	16	liberalization	liberalization	NOUN
fbem-8484	81	17	,	,	PUNCT
fbem-8484	81	18	and	and	CCONJ
fbem-8484	81	19	the	the	DET
fbem-8484	81	20	interest	interest	NOUN
fbem-8484	81	21	rate	rate	NOUN
fbem-8484	81	22	liberalization	liberalization	NOUN
fbem-8484	81	23	index	index	NOUN
fbem-8484	81	24	irl	irl	NOUN
fbem-8484	81	25	is	be	AUX
fbem-8484	81	26	chosen	choose	VERB
fbem-8484	81	27	to	to	PART
fbem-8484	81	28	represent	represent	VERB
fbem-8484	81	29	the	the	DET
fbem-8484	81	30	degree	degree	NOUN
fbem-8484	81	31	of	of	ADP
fbem-8484	81	32	interest	interest	NOUN
fbem-8484	81	33	rate	rate	NOUN
fbem-8484	81	34	liberalization	liberalization	NOUN
fbem-8484	81	35	.	.	PUNCT
fbem-8484	82	1	referring	refer	VERB
fbem-8484	82	2	to	to	ADP
fbem-8484	82	3	the	the	DET
fbem-8484	82	4	existing	exist	VERB
fbem-8484	82	5	literature	literature	NOUN
fbem-8484	82	6	,	,	PUNCT
fbem-8484	82	7	shujun	shujun	PROPN
fbem-8484	82	8	wang	wang	PROPN
fbem-8484	82	9	and	and	CCONJ
fbem-8484	82	10	jiangang	jiangang	PROPN
fbem-8484	82	11	peng	peng	PROPN
fbem-8484	82	12	(	(	PUNCT
fbem-8484	82	13	2014	2014	NUM
fbem-8484	82	14	)	)	PUNCT
fbem-8484	83	1	[	[	X
fbem-8484	83	2	25	25	NUM
fbem-8484	83	3	]	]	PUNCT
fbem-8484	83	4	systematically	systematically	ADV
fbem-8484	83	5	measure	measure	VERB
fbem-8484	83	6	the	the	DET
fbem-8484	83	7	process	process	NOUN
fbem-8484	83	8	of	of	ADP
fbem-8484	83	9	interest	interest	NOUN
fbem-8484	83	10	rate	rate	NOUN
fbem-8484	83	11	liberalization	liberalization	NOUN
fbem-8484	83	12	.	.	PUNCT
fbem-8484	84	1	they	they	PRON
fbem-8484	84	2	divided	divide	VERB
fbem-8484	84	3	the	the	DET
fbem-8484	84	4	interest	interest	NOUN
fbem-8484	84	5	rate	rate	NOUN
fbem-8484	84	6	market	market	NOUN
fbem-8484	84	7	into	into	ADP
fbem-8484	84	8	four	four	NUM
fbem-8484	84	9	primary	primary	ADJ
fbem-8484	84	10	indicators	indicator	NOUN
fbem-8484	84	11	:	:	PUNCT
fbem-8484	84	12	deposit	deposit	NOUN
fbem-8484	84	13	and	and	CCONJ
fbem-8484	84	14	loan	loan	NOUN
fbem-8484	84	15	rates	rate	NOUN
fbem-8484	84	16	,	,	PUNCT
fbem-8484	84	17	money	money	NOUN
fbem-8484	84	18	market	market	NOUN
fbem-8484	84	19	rates	rate	NOUN
fbem-8484	84	20	,	,	PUNCT
fbem-8484	84	21	bond	bond	NOUN
fbem-8484	84	22	market	market	NOUN
fbem-8484	84	23	rates	rate	NOUN
fbem-8484	84	24	and	and	CCONJ
fbem-8484	84	25	yield	yield	NOUN
fbem-8484	84	26	of	of	ADP
fbem-8484	84	27	financial	financial	ADJ
fbem-8484	84	28	product	product	NOUN
fbem-8484	84	29	,	,	PUNCT
fbem-8484	84	30	and	and	CCONJ
fbem-8484	84	31	established	establish	VERB
fbem-8484	84	32	secondary	secondary	ADJ
fbem-8484	84	33	indicators	indicator	NOUN
fbem-8484	84	34	under	under	ADP
fbem-8484	84	35	the	the	DET
fbem-8484	84	36	four	four	NUM
fbem-8484	84	37	primary	primary	ADJ
fbem-8484	84	38	indicators	indicator	NOUN
fbem-8484	84	39	and	and	CCONJ
fbem-8484	84	40	assigned	assign	VERB
fbem-8484	84	41	weights	weight	NOUN
fbem-8484	84	42	to	to	ADP
fbem-8484	84	43	each	each	DET
fbem-8484	84	44	indicator	indicator	NOUN
fbem-8484	84	45	to	to	PART
fbem-8484	84	46	measure	measure	VERB
fbem-8484	84	47	the	the	DET
fbem-8484	84	48	comprehensive	comprehensive	ADJ
fbem-8484	84	49	index	index	NOUN
fbem-8484	84	50	of	of	ADP
fbem-8484	84	51	interest	interest	NOUN
fbem-8484	84	52	rate	rate	NOUN
fbem-8484	84	53	liberalization	liberalization	NOUN
fbem-8484	84	54	in	in	ADP
fbem-8484	84	55	china	china	PROPN
fbem-8484	84	56	,	,	PUNCT
fbem-8484	84	57	and	and	CCONJ
fbem-8484	84	58	the	the	DET
fbem-8484	84	59	specific	specific	ADJ
fbem-8484	84	60	indicators	indicator	NOUN
fbem-8484	84	61	and	and	CCONJ
fbem-8484	84	62	weights	weight	NOUN
fbem-8484	84	63	are	be	AUX
fbem-8484	84	64	shown	show	VERB
fbem-8484	84	65	in	in	ADP
fbem-8484	84	66	table	table	NOUN
fbem-8484	84	67	1	1	NUM
fbem-8484	84	68	.	.	PUNCT
fbem-8484	85	1	in	in	ADP
fbem-8484	85	2	this	this	DET
fbem-8484	85	3	paper	paper	NOUN
fbem-8484	85	4	,	,	PUNCT
fbem-8484	85	5	we	we	PRON
fbem-8484	85	6	take	take	VERB
fbem-8484	85	7	the	the	DET
fbem-8484	85	8	year	year	NOUN
fbem-8484	85	9	2013	2013	NUM
fbem-8484	85	10	as	as	ADP
fbem-8484	85	11	the	the	DET
fbem-8484	85	12	starting	starting	NOUN
fbem-8484	85	13	point	point	NOUN
fbem-8484	85	14	to	to	PART
fbem-8484	85	15	reconstruct	reconstruct	VERB
fbem-8484	85	16	the	the	DET
fbem-8484	85	17	interest	interest	NOUN
fbem-8484	85	18	rate	rate	NOUN
fbem-8484	85	19	market	market	NOUN
fbem-8484	85	20	index	index	NOUN
fbem-8484	85	21	for	for	ADP
fbem-8484	85	22	china	china	PROPN
fbem-8484	85	23	from	from	ADP
fbem-8484	85	24	2013	2013	NUM
fbem-8484	85	25	to	to	ADP
fbem-8484	85	26	2022	2022	NUM
fbem-8484	85	27	.	.	PUNCT
fbem-8484	86	1	table	table	NOUN
fbem-8484	86	2	1	1	NUM
fbem-8484	86	3	.	.	PUNCT
fbem-8484	87	1	indicators	indicator	NOUN
fbem-8484	87	2	of	of	ADP
fbem-8484	87	3	interest	interest	NOUN
fbem-8484	87	4	rate	rate	NOUN
fbem-8484	87	5	liberalization	liberalization	NOUN
fbem-8484	87	6	irl	irl	NOUN
fbem-8484	87	7	index	index	NOUN
fbem-8484	87	8	primary	primary	ADJ
fbem-8484	87	9	indicators	indicator	NOUN
fbem-8484	87	10	weight	weight	VERB
fbem-8484	87	11	secondary	secondary	ADJ
fbem-8484	87	12	indicators	indicator	NOUN
fbem-8484	87	13	weight	weight	NOUN
fbem-8484	87	14	deposit	deposit	NOUN
fbem-8484	87	15	and	and	CCONJ
fbem-8484	87	16	loan	loan	NOUN
fbem-8484	87	17	rates	rate	NOUN
fbem-8484	87	18	0.6140	0.6140	NUM
fbem-8484	87	19	rmb	rmb	NOUN
fbem-8484	87	20	loan	loan	NOUN
fbem-8484	87	21	rate	rate	NOUN
fbem-8484	87	22	0.4375	0.4375	NUM
fbem-8484	87	23	rmb	rmb	NOUN
fbem-8484	87	24	deposit	deposit	NOUN
fbem-8484	87	25	rate	rate	NOUN
fbem-8484	87	26	0.4375	0.4375	NUM
fbem-8484	87	27	foreign	foreign	ADJ
fbem-8484	87	28	currency	currency	NOUN
fbem-8484	87	29	loan	loan	NOUN
fbem-8484	87	30	rate	rate	NOUN
fbem-8484	87	31	0.0625	0.0625	NUM
fbem-8484	87	32	foreign	foreign	ADJ
fbem-8484	87	33	currency	currency	NOUN
fbem-8484	87	34	deposit	deposit	NOUN
fbem-8484	87	35	rate	rate	NOUN
fbem-8484	87	36	0.0625	0.0625	NUM
fbem-8484	87	37	money	money	NOUN
fbem-8484	87	38	market	market	NOUN
fbem-8484	87	39	rates	rate	NOUN
fbem-8484	87	40	0.1847	0.1847	NUM
fbem-8484	87	41	inter	inter	ADJ
fbem-8484	87	42	-	-	ADJ
fbem-8484	87	43	bank	bank	ADJ
fbem-8484	87	44	lending	lending	NOUN
fbem-8484	87	45	rate	rate	NOUN
fbem-8484	87	46	0.7500	0.7500	NUM
fbem-8484	87	47	bill	bill	NOUN
fbem-8484	87	48	discount	discount	NOUN
fbem-8484	87	49	interest	interest	NOUN
fbem-8484	87	50	rate	rate	NOUN
fbem-8484	87	51	0.2500	0.2500	NUM
fbem-8484	87	52	bond	bond	NOUN
fbem-8484	87	53	market	market	NOUN
fbem-8484	87	54	rates	rate	NOUN
fbem-8484	87	55	0.1074	0.1074	NUM
fbem-8484	87	56	bond	bond	NOUN
fbem-8484	87	57	issue	issue	NOUN
fbem-8484	87	58	interest	interest	NOUN
fbem-8484	87	59	rate	rate	NOUN
fbem-8484	87	60	0.6000	0.6000	NUM
fbem-8484	87	61	bond	bond	NOUN
fbem-8484	87	62	repurchase	repurchase	VERB
fbem-8484	87	63	rate	rate	NOUN
fbem-8484	87	64	0.2000	0.2000	NUM
fbem-8484	87	65	bond	bond	NOUN
fbem-8484	87	66	transaction	transaction	NOUN
fbem-8484	87	67	interest	interest	NOUN
fbem-8484	87	68	rate	rate	NOUN
fbem-8484	87	69	0.2000	0.2000	NUM
fbem-8484	87	70	yield	yield	NOUN
fbem-8484	87	71	of	of	ADP
fbem-8484	87	72	financial	financial	ADJ
fbem-8484	87	73	product	product	NOUN
fbem-8484	87	74	0.0939	0.0939	NUM
fbem-8484	87	75	yield	yield	NOUN
fbem-8484	87	76	of	of	ADP
fbem-8484	87	77	bank	bank	NOUN
fbem-8484	87	78	financial	financial	ADJ
fbem-8484	87	79	products	product	NOUN
fbem-8484	87	80	0.5370	0.5370	NUM
fbem-8484	87	81	yield	yield	NOUN
fbem-8484	87	82	of	of	ADP
fbem-8484	87	83	money	money	NOUN
fbem-8484	87	84	fund	fund	NOUN
fbem-8484	87	85	0.2047	0.2047	NUM
fbem-8484	87	86	yield	yield	NOUN
fbem-8484	87	87	of	of	ADP
fbem-8484	87	88	trust	trust	NOUN
fbem-8484	87	89	product	product	NOUN
fbem-8484	87	90	0.2583	0.2583	PRON
fbem-8484	87	91	ultimately	ultimately	ADV
fbem-8484	87	92	,	,	PUNCT
fbem-8484	87	93	the	the	DET
fbem-8484	87	94	interest	interest	NOUN
fbem-8484	87	95	rate	rate	NOUN
fbem-8484	87	96	liberalization	liberalization	NOUN
fbem-8484	87	97	index	index	NOUN
fbem-8484	87	98	is	be	AUX
fbem-8484	87	99	calculated	calculate	VERB
fbem-8484	87	100	as	as	ADP
fbem-8484	87	101	:	:	PUNCT
fbem-8484	87	102	irl=∑qi*(∑wi*pi	irl=∑qi*(∑wi*pi	PROPN
fbem-8484	87	103	)	)	PUNCT
fbem-8484	87	104	(	(	PUNCT
fbem-8484	87	105	1	1	X
fbem-8484	87	106	)	)	PUNCT
fbem-8484	87	107	where	where	SCONJ
fbem-8484	87	108	qi	qi	PROPN
fbem-8484	87	109	is	be	AUX
fbem-8484	87	110	the	the	DET
fbem-8484	87	111	respective	respective	ADJ
fbem-8484	87	112	weight	weight	NOUN
fbem-8484	87	113	of	of	ADP
fbem-8484	87	114	the	the	DET
fbem-8484	87	115	primary	primary	ADJ
fbem-8484	87	116	indicators	indicator	NOUN
fbem-8484	87	117	,	,	PUNCT
fbem-8484	87	118	wi	wi	PROPN
fbem-8484	87	119	is	be	AUX
fbem-8484	87	120	the	the	DET
fbem-8484	87	121	specific	specific	ADJ
fbem-8484	87	122	value	value	NOUN
fbem-8484	87	123	of	of	ADP
fbem-8484	87	124	each	each	DET
fbem-8484	87	125	secondary	secondary	ADJ
fbem-8484	87	126	indicator	indicator	NOUN
fbem-8484	87	127	,	,	PUNCT
fbem-8484	87	128	and	and	CCONJ
fbem-8484	87	129	pi	pi	NOUN
fbem-8484	87	130	is	be	AUX
fbem-8484	87	131	the	the	DET
fbem-8484	87	132	respective	respective	ADJ
fbem-8484	87	133	weight	weight	NOUN
fbem-8484	87	134	of	of	ADP
fbem-8484	87	135	the	the	DET
fbem-8484	87	136	secondary	secondary	ADJ
fbem-8484	87	137	indicators	indicator	NOUN
fbem-8484	87	138	.	.	PUNCT
fbem-8484	88	1	3.2.3	3.2.3	X
fbem-8484	88	2	.	.	X
fbem-8484	88	3	control	control	NOUN
fbem-8484	88	4	variables	variable	NOUN
fbem-8484	88	5	with	with	ADP
fbem-8484	88	6	reference	reference	NOUN
fbem-8484	88	7	to	to	ADP
fbem-8484	88	8	existing	exist	VERB
fbem-8484	88	9	studies	study	NOUN
fbem-8484	88	10	,	,	PUNCT
fbem-8484	88	11	we	we	PRON
fbem-8484	88	12	select	select	VERB
fbem-8484	88	13	control	control	NOUN
fbem-8484	88	14	variables	variable	NOUN
fbem-8484	88	15	based	base	VERB
fbem-8484	88	16	on	on	ADP
fbem-8484	88	17	bank	bank	NOUN
fbem-8484	88	18	level	level	NOUN
fbem-8484	88	19	and	and	CCONJ
fbem-8484	88	20	macroeconomic	macroeconomic	ADJ
fbem-8484	88	21	level	level	NOUN
fbem-8484	88	22	,	,	PUNCT
fbem-8484	88	23	respectively	respectively	ADV
fbem-8484	88	24	.	.	PUNCT
fbem-8484	89	1	risk	risk	NOUN
fbem-8484	89	2	aversion	aversion	NOUN
fbem-8484	89	3	,	,	PUNCT
fbem-8484	89	4	operating	operating	NOUN
fbem-8484	89	5	cost	cost	NOUN
fbem-8484	89	6	,	,	PUNCT
fbem-8484	89	7	operating	operating	NOUN
fbem-8484	89	8	scale	scale	NOUN
fbem-8484	89	9	,	,	PUNCT
fbem-8484	89	10	intermediate	intermediate	ADJ
fbem-8484	89	11	business	business	NOUN
fbem-8484	89	12	income	income	NOUN
fbem-8484	89	13	,	,	PUNCT
fbem-8484	89	14	and	and	CCONJ
fbem-8484	89	15	market	market	NOUN
fbem-8484	89	16	concentration	concentration	NOUN
fbem-8484	89	17	are	be	AUX
fbem-8484	89	18	selected	select	VERB
fbem-8484	89	19	as	as	ADP
fbem-8484	89	20	bank	bank	NOUN
fbem-8484	89	21	level	level	NOUN
fbem-8484	89	22	control	control	NOUN
fbem-8484	89	23	variables	variable	NOUN
fbem-8484	89	24	,	,	PUNCT
fbem-8484	89	25	and	and	CCONJ
fbem-8484	89	26	m2	m2	PROPN
fbem-8484	89	27	growth	growth	NOUN
fbem-8484	89	28	rate	rate	NOUN
fbem-8484	89	29	,	,	PUNCT
fbem-8484	89	30	and	and	CCONJ
fbem-8484	89	31	gdp	gdp	NOUN
fbem-8484	89	32	growth	growth	NOUN
fbem-8484	89	33	rate	rate	NOUN
fbem-8484	89	34	are	be	AUX
fbem-8484	89	35	selected	select	VERB
fbem-8484	89	36	as	as	ADP
fbem-8484	89	37	macro	macro	ADJ
fbem-8484	89	38	control	control	NOUN
fbem-8484	89	39	variables	variable	NOUN
fbem-8484	89	40	.	.	PUNCT
fbem-8484	90	1	the	the	DET
fbem-8484	90	2	calculation	calculation	NOUN
fbem-8484	90	3	method	method	NOUN
fbem-8484	90	4	and	and	CCONJ
fbem-8484	90	5	literature	literature	NOUN
fbem-8484	90	6	basis	basis	NOUN
fbem-8484	90	7	of	of	ADP
fbem-8484	90	8	each	each	DET
fbem-8484	90	9	variable	variable	NOUN
fbem-8484	90	10	are	be	AUX
fbem-8484	90	11	shown	show	VERB
fbem-8484	90	12	in	in	ADP
fbem-8484	90	13	table	table	NOUN
fbem-8484	90	14	2	2	NUM
fbem-8484	90	15	.	.	PUNCT
fbem-8484	90	16	table	table	NOUN
fbem-8484	90	17	2	2	NUM
fbem-8484	90	18	.	.	PUNCT
fbem-8484	90	19	description	description	NOUN
fbem-8484	90	20	of	of	ADP
fbem-8484	90	21	variables	variable	NOUN
fbem-8484	90	22	variables	variable	NOUN
fbem-8484	90	23	symbol	symbol	NOUN
fbem-8484	90	24	measurement	measurement	PROPN
fbem-8484	90	25	previous	previous	ADJ
fbem-8484	90	26	studies	study	NOUN
fbem-8484	90	27	interest	interest	NOUN
fbem-8484	90	28	margin	margin	NOUN
fbem-8484	90	29	nim	nim	PROPN
fbem-8484	90	30	net	net	ADJ
fbem-8484	90	31	interest	interest	NOUN
fbem-8484	90	32	income	income	NOUN
fbem-8484	90	33	/	/	SYM
fbem-8484	90	34	average	average	ADJ
fbem-8484	90	35	interest	interest	NOUN
fbem-8484	90	36	-	-	PUNCT
fbem-8484	90	37	earning	earn	VERB
fbem-8484	90	38	assets	asset	NOUN
fbem-8484	90	39	peng	peng	PROPN
fbem-8484	90	40	et	et	PROPN
fbem-8484	90	41	al.(2016	al.(2016	PROPN
fbem-8484	90	42	)	)	PUNCT
fbem-8484	91	1	[	[	X
fbem-8484	91	2	5	5	NUM
fbem-8484	91	3	]	]	SYM
fbem-8484	91	4	degree	degree	NOUN
fbem-8484	91	5	of	of	ADP
fbem-8484	91	6	irl	irl	PROPN
fbem-8484	91	7	irl	irl	NOUN
fbem-8484	91	8	interest	interest	NOUN
fbem-8484	91	9	rate	rate	NOUN
fbem-8484	91	10	liberalization	liberalization	NOUN
fbem-8484	91	11	index	index	NOUN
fbem-8484	91	12	wang	wang	PROPN
fbem-8484	91	13	&	&	CCONJ
fbem-8484	91	14	peng(2014	peng(2014	PROPN
fbem-8484	91	15	)	)	PUNCT
fbem-8484	92	1	[	[	X
fbem-8484	92	2	25	25	NUM
fbem-8484	92	3	]	]	PUNCT
fbem-8484	92	4	risk	risk	NOUN
fbem-8484	92	5	aversion	aversion	NOUN
fbem-8484	92	6	eta	eta	PROPN
fbem-8484	92	7	owner	owner	PROPN
fbem-8484	92	8	’s	’s	PART
fbem-8484	92	9	equity	equity	NOUN
fbem-8484	92	10	/	/	SYM
fbem-8484	92	11	total	total	ADJ
fbem-8484	92	12	assets	asset	NOUN
fbem-8484	92	13	nguyen(2012	nguyen(2012	NOUN
fbem-8484	92	14	)	)	PUNCT
fbem-8484	93	1	[	[	X
fbem-8484	93	2	26	26	NUM
fbem-8484	93	3	]	]	X
fbem-8484	93	4	operating	operating	NOUN
fbem-8484	93	5	costs	cost	NOUN
fbem-8484	93	6	cost	cost	VERB
fbem-8484	93	7	operating	operating	NOUN
fbem-8484	93	8	costs	cost	NOUN
fbem-8484	93	9	/	/	SYM
fbem-8484	93	10	total	total	ADJ
fbem-8484	93	11	assets	asset	NOUN
fbem-8484	93	12	maudos	maudo	NOUN
fbem-8484	93	13	&	&	CCONJ
fbem-8484	93	14	solis(2009	solis(2009	ADJ
fbem-8484	93	15	)	)	PUNCT
fbem-8484	94	1	[	[	X
fbem-8484	94	2	27	27	NUM
fbem-8484	94	3	]	]	PUNCT
fbem-8484	94	4	loan	loan	NOUN
fbem-8484	94	5	size	size	NOUN
fbem-8484	94	6	lnlo	lnlo	ADJ
fbem-8484	94	7	ln(total	ln(total	ADJ
fbem-8484	94	8	loans	loan	NOUN
fbem-8484	94	9	)	)	PUNCT
fbem-8484	94	10	maudos	maudo	NOUN
fbem-8484	94	11	&	&	CCONJ
fbem-8484	94	12	solis(2009	solis(2009	ADJ
fbem-8484	94	13	)	)	PUNCT
fbem-8484	95	1	[	[	X
fbem-8484	95	2	27	27	NUM
fbem-8484	95	3	]	]	X
fbem-8484	95	4	intermediate	intermediate	ADJ
fbem-8484	95	5	business	business	NOUN
fbem-8484	95	6	income	income	NOUN
fbem-8484	95	7	nii	nii	PROPN
fbem-8484	95	8	handling	handling	NOUN
fbem-8484	95	9	fee	fee	NOUN
fbem-8484	95	10	and	and	CCONJ
fbem-8484	95	11	commission	commission	NOUN
fbem-8484	95	12	income	income	NOUN
fbem-8484	95	13	/	/	SYM
fbem-8484	95	14	operating	operate	VERB
fbem-8484	95	15	income	income	NOUN
fbem-8484	95	16	leptit	leptit	PROPN
fbem-8484	95	17	et	et	PROPN
fbem-8484	95	18	al.(2008	al.(2008	PROPN
fbem-8484	95	19	)	)	PUNCT
fbem-8484	96	1	[	[	X
fbem-8484	96	2	28	28	NUM
fbem-8484	96	3	]	]	PUNCT
fbem-8484	96	4	market	market	NOUN
fbem-8484	96	5	concentration	concentration	NOUN
fbem-8484	96	6	hhi	hhi	NOUN
fbem-8484	96	7	sum	sum	NOUN
fbem-8484	96	8	of	of	ADP
fbem-8484	96	9	the	the	DET
fbem-8484	96	10	squares	square	NOUN
fbem-8484	96	11	of	of	ADP
fbem-8484	96	12	each	each	DET
fbem-8484	96	13	bank	bank	NOUN
fbem-8484	96	14	’s	’s	PART
fbem-8484	96	15	assets	asset	NOUN
fbem-8484	96	16	/	/	SYM
fbem-8484	96	17	total	total	ADJ
fbem-8484	96	18	assets	asset	NOUN
fbem-8484	96	19	of	of	ADP
fbem-8484	96	20	similar	similar	ADJ
fbem-8484	96	21	banks	bank	NOUN
fbem-8484	96	22	han	han	PROPN
fbem-8484	96	23	&	&	CCONJ
fbem-8484	96	24	wang	wang	PROPN
fbem-8484	96	25	(	(	PUNCT
fbem-8484	96	26	2017	2017	NUM
fbem-8484	96	27	)	)	PUNCT
fbem-8484	97	1	[	[	X
fbem-8484	97	2	29	29	NUM
fbem-8484	97	3	]	]	X
fbem-8484	97	4	macroeconomic	macroeconomic	ADJ
fbem-8484	97	5	conditions	condition	NOUN
fbem-8484	97	6	m2	m2	PROPN
fbem-8484	97	7	m2	m2	PROPN
fbem-8484	97	8	growth	growth	NOUN
fbem-8484	97	9	rate	rate	NOUN
fbem-8484	97	10	gerlach	gerlach	PROPN
fbem-8484	97	11	et	et	PROPN
fbem-8484	97	12	al.(2005	al.(2005	PROPN
fbem-8484	97	13	)	)	PUNCT
fbem-8484	98	1	[	[	X
fbem-8484	98	2	30	30	NUM
fbem-8484	98	3	]	]	X
fbem-8484	98	4	gdp	gdp	NOUN
fbem-8484	98	5	gdp	gdp	PROPN
fbem-8484	98	6	growth	growth	PROPN
fbem-8484	98	7	rate	rate	NOUN
fbem-8484	98	8	omankhanlen	omankhanlen	VERB
fbem-8484	98	9	et	et	PROPN
fbem-8484	98	10	al.(2021	al.(2021	PROPN
fbem-8484	98	11	)	)	PUNCT
fbem-8484	99	1	[	[	X
fbem-8484	99	2	31	31	NUM
fbem-8484	99	3	]	]	SYM
fbem-8484	99	4	3.3	3.3	NUM
fbem-8484	99	5	.	.	PUNCT
fbem-8484	100	1	empirical	empirical	ADJ
fbem-8484	100	2	model	model	NOUN
fbem-8484	100	3	combined	combine	VERB
fbem-8484	100	4	with	with	ADP
fbem-8484	100	5	the	the	DET
fbem-8484	100	6	previous	previous	ADJ
fbem-8484	100	7	analysis	analysis	NOUN
fbem-8484	100	8	,	,	PUNCT
fbem-8484	100	9	we	we	PRON
fbem-8484	100	10	develop	develop	VERB
fbem-8484	100	11	an	an	DET
fbem-8484	100	12	empirical	empirical	ADJ
fbem-8484	100	13	model	model	NOUN
fbem-8484	100	14	of	of	ADP
fbem-8484	100	15	the	the	DET
fbem-8484	100	16	determinants	determinant	NOUN
fbem-8484	100	17	of	of	ADP
fbem-8484	100	18	spreads	spread	NOUN
fbem-8484	100	19	of	of	ADP
fbem-8484	100	20	chinese	chinese	ADJ
fbem-8484	100	21	commercial	commercial	ADJ
fbem-8484	100	22	banks	bank	NOUN
fbem-8484	100	23	as	as	SCONJ
fbem-8484	100	24	follows	follow	VERB
fbem-8484	100	25	:	:	PUNCT
fbem-8484	100	26	nimit	nimit	NOUN
fbem-8484	100	27	=	=	PUNCT
fbem-8484	100	28	αi	αi	VERB
fbem-8484	101	1	+	+	CCONJ
fbem-8484	101	2	β1irlt	β1irlt	PRON
fbem-8484	101	3	+	+	CCONJ
fbem-8484	101	4	β2etait	β2etait	ADJ
fbem-8484	101	5	+	+	NUM
fbem-8484	101	6	β3costit	β3costit	PROPN
fbem-8484	102	1	+	+	CCONJ
fbem-8484	102	2	β4lnloit	β4lnloit	NOUN
fbem-8484	102	3	+	+	CCONJ
fbem-8484	102	4	β5niiit	β5niiit	ADJ
fbem-8484	103	1	+	+	NUM
fbem-8484	103	2	β6hiiit	β6hiiit	NOUN
fbem-8484	103	3	+	+	CCONJ
fbem-8484	103	4	β7m2	β7m2	PUNCT
fbem-8484	103	5	t	t	NOUN
fbem-8484	103	6	+	+	CCONJ
fbem-8484	103	7	β8gdpt	β8gdpt	PROPN
fbem-8484	103	8	+	+	CCONJ
fbem-8484	103	9	εit	εit	NOUN
fbem-8484	103	10	(	(	PUNCT
fbem-8484	103	11	2	2	NUM
fbem-8484	103	12	)	)	PUNCT
fbem-8484	104	1	where	where	SCONJ
fbem-8484	104	2	,	,	PUNCT
fbem-8484	104	3	i=1,2,	i=1,2,	NOUN
fbem-8484	104	4	…	…	PUNCT
fbem-8484	104	5	,n	,n	PUNCT
fbem-8484	104	6	represent	represent	VERB
fbem-8484	104	7	the	the	DET
fbem-8484	104	8	number	number	NOUN
fbem-8484	104	9	of	of	ADP
fbem-8484	104	10	the	the	DET
fbem-8484	104	11	bank	bank	NOUN
fbem-8484	104	12	respectively	respectively	ADV
fbem-8484	104	13	,	,	PUNCT
fbem-8484	104	14	and	and	CCONJ
fbem-8484	104	15	t	t	PROPN
fbem-8484	104	16	stands	stand	VERB
fbem-8484	104	17	for	for	ADP
fbem-8484	104	18	the	the	DET
fbem-8484	104	19	time	time	NOUN
fbem-8484	104	20	span	span	NOUN
fbem-8484	104	21	.	.	PUNCT
fbem-8484	105	1	αi	αi	ADP
fbem-8484	105	2	,	,	PUNCT
fbem-8484	105	3	βi	βi	PRON
fbem-8484	105	4	stand	stand	VERB
fbem-8484	105	5	for	for	SCONJ
fbem-8484	105	6	the	the	DET
fbem-8484	105	7	135	135	NUM
fbem-8484	105	8	model	model	NOUN
fbem-8484	105	9	parameters	parameter	NOUN
fbem-8484	105	10	to	to	PART
fbem-8484	105	11	be	be	AUX
fbem-8484	105	12	estimated	estimate	VERB
fbem-8484	105	13	.	.	PUNCT
fbem-8484	106	1	εit	εit	PROPN
fbem-8484	106	2	is	be	AUX
fbem-8484	106	3	the	the	DET
fbem-8484	106	4	random	random	ADJ
fbem-8484	106	5	disturbance	disturbance	NOUN
fbem-8484	106	6	.	.	PUNCT
fbem-8484	107	1	4	4	X
fbem-8484	107	2	.	.	X
fbem-8484	107	3	empirical	empirical	ADJ
fbem-8484	107	4	results	result	NOUN
fbem-8484	107	5	and	and	CCONJ
fbem-8484	107	6	analysis	analysis	NOUN
fbem-8484	107	7	4.1	4.1	NUM
fbem-8484	107	8	.	.	PUNCT
fbem-8484	108	1	descriptive	descriptive	ADJ
fbem-8484	108	2	statistics	statistic	NOUN
fbem-8484	108	3	of	of	ADP
fbem-8484	108	4	the	the	DET
fbem-8484	108	5	main	main	ADJ
fbem-8484	108	6	variables	variable	NOUN
fbem-8484	108	7	table	table	NOUN
fbem-8484	108	8	3	3	NUM
fbem-8484	108	9	shows	show	VERB
fbem-8484	108	10	the	the	DET
fbem-8484	108	11	results	result	NOUN
fbem-8484	108	12	of	of	ADP
fbem-8484	108	13	descriptive	descriptive	ADJ
fbem-8484	108	14	statistics	statistic	NOUN
fbem-8484	108	15	of	of	ADP
fbem-8484	108	16	the	the	DET
fbem-8484	108	17	variables	variable	NOUN
fbem-8484	108	18	used	use	VERB
fbem-8484	108	19	in	in	ADP
fbem-8484	108	20	the	the	DET
fbem-8484	108	21	empirical	empirical	ADJ
fbem-8484	108	22	evidence	evidence	NOUN
fbem-8484	108	23	.	.	PUNCT
fbem-8484	109	1	from	from	ADP
fbem-8484	109	2	the	the	DET
fbem-8484	109	3	results	result	NOUN
fbem-8484	109	4	,	,	PUNCT
fbem-8484	109	5	it	it	PRON
fbem-8484	109	6	can	can	AUX
fbem-8484	109	7	be	be	AUX
fbem-8484	109	8	seen	see	VERB
fbem-8484	109	9	that	that	SCONJ
fbem-8484	109	10	the	the	DET
fbem-8484	109	11	average	average	ADJ
fbem-8484	109	12	net	net	ADJ
fbem-8484	109	13	interest	interest	NOUN
fbem-8484	109	14	margin	margin	NOUN
fbem-8484	109	15	(	(	PUNCT
fbem-8484	109	16	nim	nim	NOUN
fbem-8484	109	17	)	)	PUNCT
fbem-8484	109	18	of	of	ADP
fbem-8484	109	19	chinese	chinese	ADJ
fbem-8484	109	20	commercial	commercial	ADJ
fbem-8484	109	21	banks	bank	NOUN
fbem-8484	109	22	is	be	AUX
fbem-8484	109	23	2.45	2.45	NUM
fbem-8484	109	24	,	,	PUNCT
fbem-8484	109	25	with	with	ADP
fbem-8484	109	26	a	a	DET
fbem-8484	109	27	minimum	minimum	ADJ
fbem-8484	109	28	value	value	NOUN
fbem-8484	109	29	of	of	ADP
fbem-8484	109	30	1.25	1.25	NUM
fbem-8484	109	31	and	and	CCONJ
fbem-8484	109	32	a	a	DET
fbem-8484	109	33	maximum	maximum	ADJ
fbem-8484	109	34	value	value	NOUN
fbem-8484	109	35	of	of	ADP
fbem-8484	109	36	5.60	5.60	NUM
fbem-8484	109	37	,	,	PUNCT
fbem-8484	109	38	which	which	PRON
fbem-8484	109	39	indicates	indicate	VERB
fbem-8484	109	40	that	that	SCONJ
fbem-8484	109	41	the	the	DET
fbem-8484	109	42	nim	nim	PROPN
fbem-8484	109	43	varies	vary	VERB
fbem-8484	109	44	greatly	greatly	ADV
fbem-8484	109	45	among	among	ADP
fbem-8484	109	46	banks	bank	NOUN
fbem-8484	109	47	,	,	PUNCT
fbem-8484	109	48	and	and	CCONJ
fbem-8484	109	49	among	among	ADP
fbem-8484	109	50	years	year	NOUN
fbem-8484	109	51	.	.	PUNCT
fbem-8484	110	1	by	by	ADP
fbem-8484	110	2	bank	bank	NOUN
fbem-8484	110	3	type	type	NOUN
fbem-8484	110	4	,	,	PUNCT
fbem-8484	110	5	rural	rural	ADJ
fbem-8484	110	6	commercial	commercial	ADJ
fbem-8484	110	7	banks	bank	NOUN
fbem-8484	110	8	have	have	VERB
fbem-8484	110	9	the	the	DET
fbem-8484	110	10	highest	high	ADJ
fbem-8484	110	11	average	average	ADJ
fbem-8484	110	12	nim	nim	NOUN
fbem-8484	110	13	of	of	ADP
fbem-8484	110	14	3.21	3.21	NUM
fbem-8484	110	15	,	,	PUNCT
fbem-8484	110	16	which	which	PRON
fbem-8484	110	17	is	be	AUX
fbem-8484	110	18	much	much	ADV
fbem-8484	110	19	higher	high	ADJ
fbem-8484	110	20	than	than	ADP
fbem-8484	110	21	the	the	DET
fbem-8484	110	22	industry	industry	NOUN
fbem-8484	110	23	average	average	NOUN
fbem-8484	110	24	;	;	PUNCT
fbem-8484	110	25	large	large	ADJ
fbem-8484	110	26	state	state	NOUN
fbem-8484	110	27	-	-	PUNCT
fbem-8484	110	28	owned	own	VERB
fbem-8484	110	29	banks	bank	NOUN
fbem-8484	110	30	have	have	VERB
fbem-8484	110	31	the	the	DET
fbem-8484	110	32	lowest	low	ADJ
fbem-8484	110	33	average	average	ADJ
fbem-8484	110	34	nim	nim	NOUN
fbem-8484	110	35	of	of	ADP
fbem-8484	110	36	2.17	2.17	NUM
fbem-8484	110	37	.	.	PUNCT
fbem-8484	110	38	table	table	NOUN
fbem-8484	110	39	3	3	NUM
fbem-8484	110	40	.	.	PUNCT
fbem-8484	110	41	descriptive	descriptive	ADJ
fbem-8484	110	42	statistics	statistic	NOUN
fbem-8484	110	43	of	of	ADP
fbem-8484	110	44	variables	variable	NOUN
fbem-8484	110	45	variables	variable	NOUN
fbem-8484	110	46	mean	mean	VERB
fbem-8484	110	47	std	std	X
fbem-8484	110	48	min	min	PROPN
fbem-8484	110	49	max	max	PROPN
fbem-8484	110	50	observations	observation	NOUN
fbem-8484	110	51	full	full	ADJ
fbem-8484	110	52	sample	sample	NOUN
fbem-8484	110	53	nim	nim	PROPN
fbem-8484	110	54	2.45	2.45	NUM
fbem-8484	110	55	0.6580	0.6580	NUM
fbem-8484	110	56	1.25	1.25	NUM
fbem-8484	110	57	5.60	5.60	NUM
fbem-8484	110	58	390	390	NUM
fbem-8484	110	59	irl	irl	NOUN
fbem-8484	110	60	0.86	0.86	NUM
fbem-8484	110	61	0.1059	0.1059	NUM
fbem-8484	110	62	0.69	0.69	NUM
fbem-8484	110	63	1.00	1.00	NUM
fbem-8484	110	64	390	390	NUM
fbem-8484	111	1	eta	eta	PROPN
fbem-8484	111	2	7.57	7.57	NUM
fbem-8484	111	3	1.5452	1.5452	NUM
fbem-8484	111	4	2.53	2.53	NUM
fbem-8484	111	5	13.86	13.86	NUM
fbem-8484	111	6	390	390	NUM
fbem-8484	111	7	cost	cost	NOUN
fbem-8484	111	8	1.22	1.22	NUM
fbem-8484	111	9	0.5427	0.5427	NUM
fbem-8484	111	10	0.20	0.20	NUM
fbem-8484	111	11	3.30	3.30	NUM
fbem-8484	111	12	390	390	NUM
fbem-8484	111	13	lnlo	lnlo	ADJ
fbem-8484	111	14	13.02	13.02	NUM
fbem-8484	111	15	2.0620	2.0620	NUM
fbem-8484	111	16	8.66	8.66	NUM
fbem-8484	111	17	16.93	16.93	NUM
fbem-8484	111	18	390	390	NUM
fbem-8484	111	19	nii	nii	PROPN
fbem-8484	111	20	14.12	14.12	NUM
fbem-8484	111	21	8.8642	8.8642	NUM
fbem-8484	111	22	1.73	1.73	NUM
fbem-8484	111	23	37.64	37.64	NUM
fbem-8484	111	24	390	390	NUM
fbem-8484	111	25	hhi	hhi	NOUN
fbem-8484	111	26	0.189	0.189	DET
fbem-8484	111	27	0.1364	0.1364	NUM
fbem-8484	111	28	0.099	0.099	NUM
fbem-8484	111	29	0.488	0.488	NUM
fbem-8484	111	30	390	390	NUM
fbem-8484	111	31	m2	m2	PROPN
fbem-8484	111	32	10.62	10.62	NUM
fbem-8484	111	33	1.9919	1.9919	NUM
fbem-8484	111	34	8.10	8.10	NUM
fbem-8484	111	35	13.59	13.59	NUM
fbem-8484	111	36	390	390	NUM
fbem-8484	111	37	gdp	gdp	NOUN
fbem-8484	111	38	6.22	6.22	NUM
fbem-8484	111	39	1.9223	1.9223	NUM
fbem-8484	111	40	2.20	2.20	NUM
fbem-8484	111	41	8.40	8.40	NUM
fbem-8484	111	42	390	390	NUM
fbem-8484	111	43	large	large	ADJ
fbem-8484	111	44	state	state	NOUN
fbem-8484	111	45	-	-	PUNCT
fbem-8484	111	46	owned	own	VERB
fbem-8484	111	47	banks	bank	NOUN
fbem-8484	111	48	nim	nim	PROPN
fbem-8484	111	49	2.17	2.17	NUM
fbem-8484	111	50	0.3521	0.3521	NUM
fbem-8484	111	51	1.48	1.48	NUM
fbem-8484	111	52	2.92	2.92	NUM
fbem-8484	111	53	50	50	NUM
fbem-8484	111	54	eta	eta	ADV
fbem-8484	111	55	7.92	7.92	NUM
fbem-8484	111	56	0.7410	0.7410	NUM
fbem-8484	111	57	5.80	5.80	NUM
fbem-8484	111	58	9.30	9.30	NUM
fbem-8484	111	59	50	50	NUM
fbem-8484	111	60	cost	cost	NOUN
fbem-8484	111	61	1.13	1.13	NUM
fbem-8484	111	62	0.4032	0.4032	NUM
fbem-8484	111	63	0.26	0.26	NUM
fbem-8484	111	64	1.81	1.81	NUM
fbem-8484	111	65	50	50	NUM
fbem-8484	111	66	lnlo	lnlo	ADP
fbem-8484	111	67	16.14	16.14	NUM
fbem-8484	111	68	0.4966	0.4966	NUM
fbem-8484	111	69	14.98	14.98	NUM
fbem-8484	111	70	16.93	16.93	NUM
fbem-8484	111	71	50	50	NUM
fbem-8484	111	72	nii	nii	PROPN
fbem-8484	111	73	19.19	19.19	NUM
fbem-8484	111	74	2.9077	2.9077	NUM
fbem-8484	111	75	13.18	13.18	NUM
fbem-8484	111	76	24.37	24.37	NUM
fbem-8484	111	77	50	50	NUM
fbem-8484	111	78	hhi	hhi	NOUN
fbem-8484	111	79	0.218	0.218	NUM
fbem-8484	111	80	0.0010	0.0010	NUM
fbem-8484	111	81	0.217	0.217	NUM
fbem-8484	111	82	0.220	0.220	NUM
fbem-8484	111	83	50	50	NUM
fbem-8484	111	84	joint	joint	ADJ
fbem-8484	111	85	-	-	PUNCT
fbem-8484	111	86	stock	stock	NOUN
fbem-8484	111	87	banks	bank	NOUN
fbem-8484	111	88	nim	nim	PROPN
fbem-8484	111	89	2.32	2.32	NUM
fbem-8484	111	90	0.3248	0.3248	NUM
fbem-8484	111	91	1.52	1.52	NUM
fbem-8484	111	92	3.27	3.27	NUM
fbem-8484	111	93	100	100	NUM
fbem-8484	112	1	eta	eta	INTJ
fbem-8484	112	2	6.85	6.85	NUM
fbem-8484	112	3	1.2982	1.2982	NUM
fbem-8484	112	4	2.53	2.53	NUM
fbem-8484	112	5	9.41	9.41	NUM
fbem-8484	112	6	100	100	NUM
fbem-8484	112	7	cost	cost	VERB
fbem-8484	112	8	1.27	1.27	NUM
fbem-8484	112	9	0.5338	0.5338	NUM
fbem-8484	112	10	0.20	0.20	NUM
fbem-8484	112	11	2.68	2.68	NUM
fbem-8484	112	12	100	100	NUM
fbem-8484	112	13	lnlo	lnlo	ADP
fbem-8484	112	14	14.61	14.61	NUM
fbem-8484	112	15	0.6660	0.6660	NUM
fbem-8484	112	16	12.27	12.27	NUM
fbem-8484	112	17	15.76	15.76	NUM
fbem-8484	112	18	100	100	NUM
fbem-8484	112	19	nii	nii	PROPN
fbem-8484	112	20	23.17	23.17	NUM
fbem-8484	112	21	7.8138	7.8138	NUM
fbem-8484	112	22	7.56	7.56	NUM
fbem-8484	112	23	37.64	37.64	NUM
fbem-8484	112	24	100	100	NUM
fbem-8484	112	25	hhi	hhi	NOUN
fbem-8484	112	26	0.118	0.118	NUM
fbem-8484	112	27	0.0015	0.0015	NUM
fbem-8484	112	28	0.116	0.116	NUM
fbem-8484	112	29	0.120	0.120	NUM
fbem-8484	112	30	100	100	NUM
fbem-8484	112	31	rural	rural	ADJ
fbem-8484	112	32	commercial	commercial	ADJ
fbem-8484	112	33	bank	bank	NOUN
fbem-8484	112	34	nim	nim	PROPN
fbem-8484	112	35	3.21	3.21	NUM
fbem-8484	112	36	0.8914	0.8914	NUM
fbem-8484	112	37	1.96	1.96	NUM
fbem-8484	112	38	5.60	5.60	NUM
fbem-8484	112	39	70	70	NUM
fbem-8484	112	40	eta	eta	ADV
fbem-8484	112	41	9.48	9.48	NUM
fbem-8484	112	42	1.5571	1.5571	NUM
fbem-8484	112	43	6.74	6.74	NUM
fbem-8484	112	44	13.86	13.86	NUM
fbem-8484	112	45	70	70	NUM
fbem-8484	112	46	cost	cost	NOUN
fbem-8484	112	47	1.41	1.41	NUM
fbem-8484	112	48	0.7599	0.7599	NUM
fbem-8484	112	49	0.24	0.24	NUM
fbem-8484	112	50	3.30	3.30	NUM
fbem-8484	112	51	70	70	NUM
fbem-8484	112	52	lnlo	lnlo	ADP
fbem-8484	112	53	10.55	10.55	NUM
fbem-8484	112	54	1.2678	1.2678	NUM
fbem-8484	112	55	8.66	8.66	NUM
fbem-8484	112	56	13.31	13.31	NUM
fbem-8484	112	57	70	70	NUM
fbem-8484	112	58	nii	nii	PROPN
fbem-8484	112	59	4.34	4.34	NUM
fbem-8484	112	60	2.6137	2.6137	NUM
fbem-8484	112	61	1.73	1.73	NUM
fbem-8484	112	62	14.77	14.77	NUM
fbem-8484	112	63	70	70	NUM
fbem-8484	112	64	hhi	hhi	NOUN
fbem-8484	112	65	0.469	0.469	NUM
fbem-8484	112	66	0.0118	0.0118	NUM
fbem-8484	112	67	0.445	0.445	NUM
fbem-8484	112	68	0.488	0.488	NUM
fbem-8484	112	69	70	70	NUM
fbem-8484	112	70	city	city	NOUN
fbem-8484	112	71	commercial	commercial	PROPN
fbem-8484	112	72	bank	bank	PROPN
fbem-8484	112	73	nim	nim	PROPN
fbem-8484	112	74	2.30	2.30	NUM
fbem-8484	112	75	0.5270	0.5270	NUM
fbem-8484	112	76	1.25	1.25	NUM
fbem-8484	112	77	4.05	4.05	NUM
fbem-8484	112	78	170	170	NUM
fbem-8484	113	1	eta	eta	INTJ
fbem-8484	114	1	7.10	7.10	NUM
fbem-8484	114	2	1.1379	1.1379	NUM
fbem-8484	114	3	4.78	4.78	NUM
fbem-8484	114	4	10.33	10.33	NUM
fbem-8484	114	5	170	170	NUM
fbem-8484	114	6	cost	cost	VERB
fbem-8484	114	7	1.14	1.14	NUM
fbem-8484	114	8	0.4500	0.4500	NUM
fbem-8484	114	9	0.31	0.31	NUM
fbem-8484	114	10	2.53	2.53	NUM
fbem-8484	114	11	170	170	NUM
fbem-8484	114	12	lnlo	lnlo	ADP
fbem-8484	114	13	12.18	12.18	NUM
fbem-8484	114	14	1.0861	1.0861	NUM
fbem-8484	114	15	10.09	10.09	NUM
fbem-8484	114	16	14.37	14.37	NUM
fbem-8484	114	17	170	170	NUM
fbem-8484	114	18	nii	nii	PROPN
fbem-8484	114	19	11.33	11.33	NUM
fbem-8484	114	20	6.0287	6.0287	NUM
fbem-8484	114	21	2.27	2.27	NUM
fbem-8484	114	22	28.37	28.37	NUM
fbem-8484	114	23	170	170	NUM
fbem-8484	114	24	hhi	hhi	NOUN
fbem-8484	114	25	0.106	0.106	NUM
fbem-8484	114	26	0.0057	0.0057	NUM
fbem-8484	114	27	0.099	0.099	NUM
fbem-8484	114	28	0.116	0.116	NUM
fbem-8484	114	29	170	170	NUM
fbem-8484	114	30	figure	figure	NOUN
fbem-8484	114	31	1	1	NUM
fbem-8484	114	32	reflects	reflect	VERB
fbem-8484	114	33	the	the	DET
fbem-8484	114	34	trend	trend	NOUN
fbem-8484	114	35	of	of	ADP
fbem-8484	114	36	the	the	DET
fbem-8484	114	37	average	average	ADJ
fbem-8484	114	38	net	net	ADJ
fbem-8484	114	39	interest	interest	NOUN
fbem-8484	114	40	margin	margin	NOUN
fbem-8484	114	41	of	of	ADP
fbem-8484	114	42	different	different	ADJ
fbem-8484	114	43	types	type	NOUN
fbem-8484	114	44	of	of	ADP
fbem-8484	114	45	banks	bank	NOUN
fbem-8484	114	46	over	over	ADP
fbem-8484	114	47	time	time	NOUN
fbem-8484	114	48	,	,	PUNCT
fbem-8484	114	49	and	and	CCONJ
fbem-8484	114	50	figure	figure	NOUN
fbem-8484	114	51	2	2	NUM
fbem-8484	114	52	reflects	reflect	VERB
fbem-8484	114	53	the	the	DET
fbem-8484	114	54	trend	trend	NOUN
fbem-8484	114	55	of	of	ADP
fbem-8484	114	56	the	the	DET
fbem-8484	114	57	interest	interest	NOUN
fbem-8484	114	58	rate	rate	NOUN
fbem-8484	114	59	market	market	NOUN
fbem-8484	114	60	index	index	NOUN
fbem-8484	114	61	.	.	PUNCT
fbem-8484	115	1	from	from	ADP
fbem-8484	115	2	the	the	DET
fbem-8484	115	3	trend	trend	NOUN
fbem-8484	115	4	of	of	ADP
fbem-8484	115	5	the	the	DET
fbem-8484	115	6	average	average	ADJ
fbem-8484	115	7	net	net	ADJ
fbem-8484	115	8	interest	interest	NOUN
fbem-8484	115	9	margin	margin	NOUN
fbem-8484	115	10	,	,	PUNCT
fbem-8484	115	11	the	the	DET
fbem-8484	115	12	net	net	ADJ
fbem-8484	115	13	136	136	NUM
fbem-8484	115	14	interest	interest	NOUN
fbem-8484	115	15	margin	margin	NOUN
fbem-8484	115	16	of	of	ADP
fbem-8484	115	17	all	all	DET
fbem-8484	115	18	four	four	NUM
fbem-8484	115	19	types	type	NOUN
fbem-8484	115	20	of	of	ADP
fbem-8484	115	21	banks	bank	NOUN
fbem-8484	115	22	generally	generally	ADV
fbem-8484	115	23	shows	show	VERB
fbem-8484	115	24	a	a	DET
fbem-8484	115	25	gradual	gradual	ADJ
fbem-8484	115	26	decline	decline	NOUN
fbem-8484	115	27	in	in	ADP
fbem-8484	115	28	volatility	volatility	NOUN
fbem-8484	115	29	,	,	PUNCT
fbem-8484	115	30	with	with	ADP
fbem-8484	115	31	a	a	DET
fbem-8484	115	32	rapid	rapid	ADJ
fbem-8484	115	33	decline	decline	NOUN
fbem-8484	115	34	between	between	ADP
fbem-8484	115	35	2013	2013	NUM
fbem-8484	115	36	and	and	CCONJ
fbem-8484	115	37	2017	2017	NUM
fbem-8484	115	38	,	,	PUNCT
fbem-8484	115	39	a	a	DET
fbem-8484	115	40	rebounding	rebound	VERB
fbem-8484	115	41	rise	rise	NOUN
fbem-8484	115	42	between	between	ADP
fbem-8484	115	43	2017	2017	NUM
fbem-8484	115	44	and	and	CCONJ
fbem-8484	115	45	2018	2018	NUM
fbem-8484	115	46	,	,	PUNCT
fbem-8484	115	47	and	and	CCONJ
fbem-8484	115	48	a	a	DET
fbem-8484	115	49	gradual	gradual	ADJ
fbem-8484	115	50	and	and	CCONJ
fbem-8484	115	51	slow	slow	ADJ
fbem-8484	115	52	decline	decline	NOUN
fbem-8484	115	53	after	after	ADP
fbem-8484	115	54	2018	2018	NUM
fbem-8484	115	55	,	,	PUNCT
fbem-8484	115	56	with	with	ADP
fbem-8484	115	57	rural	rural	ADJ
fbem-8484	115	58	commercial	commercial	ADJ
fbem-8484	115	59	banks	bank	NOUN
fbem-8484	115	60	showing	show	VERB
fbem-8484	115	61	the	the	DET
fbem-8484	115	62	most	most	ADV
fbem-8484	115	63	drastic	drastic	ADJ
fbem-8484	115	64	fluctuations	fluctuation	NOUN
fbem-8484	115	65	and	and	CCONJ
fbem-8484	115	66	large	large	ADJ
fbem-8484	115	67	state	state	NOUN
fbem-8484	115	68	-	-	PUNCT
fbem-8484	115	69	owned	own	VERB
fbem-8484	115	70	banks	bank	NOUN
fbem-8484	115	71	being	be	AUX
fbem-8484	115	72	relatively	relatively	ADV
fbem-8484	115	73	the	the	DET
fbem-8484	115	74	most	most	ADV
fbem-8484	115	75	stable	stable	ADJ
fbem-8484	115	76	.	.	PUNCT
fbem-8484	116	1	figure	figure	NOUN
fbem-8484	116	2	1	1	NUM
fbem-8484	116	3	.	.	PUNCT
fbem-8484	117	1	trends	trend	NOUN
fbem-8484	117	2	in	in	ADP
fbem-8484	117	3	net	net	ADJ
fbem-8484	117	4	interest	interest	NOUN
fbem-8484	117	5	margin	margin	NOUN
fbem-8484	117	6	over	over	ADP
fbem-8484	117	7	time	time	NOUN
fbem-8484	117	8	figure	figure	NOUN
fbem-8484	117	9	2	2	NUM
fbem-8484	117	10	.	.	NOUN
fbem-8484	117	11	trends	trend	NOUN
fbem-8484	117	12	in	in	ADP
fbem-8484	117	13	interest	interest	NOUN
fbem-8484	117	14	rate	rate	NOUN
fbem-8484	117	15	liberalization	liberalization	NOUN
fbem-8484	117	16	over	over	ADP
fbem-8484	117	17	time	time	NOUN
fbem-8484	117	18	in	in	ADP
fbem-8484	117	19	the	the	DET
fbem-8484	117	20	ten	ten	NUM
fbem-8484	117	21	years	year	NOUN
fbem-8484	117	22	from	from	ADP
fbem-8484	117	23	2013	2013	NUM
fbem-8484	117	24	to	to	ADP
fbem-8484	117	25	2022	2022	NUM
fbem-8484	117	26	,	,	PUNCT
fbem-8484	117	27	along	along	ADP
fbem-8484	117	28	with	with	ADP
fbem-8484	117	29	the	the	DET
fbem-8484	117	30	liberalization	liberalization	NOUN
fbem-8484	117	31	of	of	ADP
fbem-8484	117	32	the	the	DET
fbem-8484	117	33	upper	upper	ADJ
fbem-8484	117	34	limit	limit	NOUN
fbem-8484	117	35	of	of	ADP
fbem-8484	117	36	loan	loan	NOUN
fbem-8484	117	37	interest	interest	NOUN
fbem-8484	117	38	rates	rate	NOUN
fbem-8484	118	1	,	,	PUNCT
fbem-8484	118	2	the	the	DET
fbem-8484	118	3	establishment	establishment	NOUN
fbem-8484	118	4	of	of	ADP
fbem-8484	118	5	the	the	DET
fbem-8484	118	6	interest	interest	NOUN
fbem-8484	118	7	rate	rate	NOUN
fbem-8484	118	8	corridor	corridor	PROPN
fbem-8484	118	9	,	,	PUNCT
fbem-8484	118	10	the	the	DET
fbem-8484	118	11	introduction	introduction	NOUN
fbem-8484	118	12	of	of	ADP
fbem-8484	118	13	the	the	DET
fbem-8484	118	14	new	new	ADJ
fbem-8484	118	15	lpr	lpr	PROPN
fbem-8484	118	16	mechanism	mechanism	NOUN
fbem-8484	118	17	,	,	PUNCT
fbem-8484	118	18	and	and	CCONJ
fbem-8484	118	19	the	the	DET
fbem-8484	118	20	promotion	promotion	NOUN
fbem-8484	118	21	of	of	ADP
fbem-8484	118	22	the	the	DET
fbem-8484	118	23	two	two	NUM
fbem-8484	118	24	tracks	track	NOUN
fbem-8484	118	25	of	of	ADP
fbem-8484	118	26	interest	interest	NOUN
fbem-8484	118	27	rates	rate	NOUN
fbem-8484	118	28	into	into	ADP
fbem-8484	118	29	one	one	NUM
fbem-8484	118	30	,	,	PUNCT
fbem-8484	118	31	the	the	DET
fbem-8484	118	32	interest	interest	NOUN
fbem-8484	118	33	rate	rate	NOUN
fbem-8484	118	34	liberalization	liberalization	NOUN
fbem-8484	118	35	index	index	NOUN
fbem-8484	118	36	(	(	PUNCT
fbem-8484	118	37	irl	irl	NOUN
fbem-8484	118	38	)	)	PUNCT
fbem-8484	118	39	increased	increase	VERB
fbem-8484	118	40	from	from	ADP
fbem-8484	118	41	a	a	DET
fbem-8484	118	42	minimum	minimum	ADJ
fbem-8484	118	43	value	value	NOUN
fbem-8484	118	44	of	of	ADP
fbem-8484	118	45	0.69	0.69	NUM
fbem-8484	118	46	to	to	ADP
fbem-8484	118	47	a	a	DET
fbem-8484	118	48	maximum	maximum	ADJ
fbem-8484	118	49	value	value	NOUN
fbem-8484	118	50	of	of	ADP
fbem-8484	118	51	1.00	1.00	NUM
fbem-8484	118	52	,	,	PUNCT
fbem-8484	118	53	indicating	indicate	VERB
fbem-8484	118	54	that	that	SCONJ
fbem-8484	118	55	the	the	DET
fbem-8484	118	56	degree	degree	NOUN
fbem-8484	118	57	of	of	ADP
fbem-8484	118	58	interest	interest	NOUN
fbem-8484	118	59	rate	rate	NOUN
fbem-8484	118	60	marketization	marketization	NOUN
fbem-8484	118	61	in	in	ADP
fbem-8484	118	62	china	china	PROPN
fbem-8484	118	63	has	have	AUX
fbem-8484	118	64	been	be	AUX
fbem-8484	118	65	deepening	deepen	VERB
fbem-8484	118	66	in	in	ADP
fbem-8484	118	67	the	the	DET
fbem-8484	118	68	past	past	ADJ
fbem-8484	118	69	ten	ten	NUM
fbem-8484	118	70	years	year	NOUN
fbem-8484	118	71	,	,	PUNCT
fbem-8484	118	72	and	and	CCONJ
fbem-8484	118	73	by	by	ADP
fbem-8484	118	74	2022	2022	NUM
fbem-8484	118	75	,	,	PUNCT
fbem-8484	118	76	the	the	DET
fbem-8484	118	77	interest	interest	NOUN
fbem-8484	118	78	rate	rate	NOUN
fbem-8484	118	79	market	market	NOUN
fbem-8484	118	80	reform	reform	NOUN
fbem-8484	118	81	process	process	NOUN
fbem-8484	118	82	has	have	VERB
fbem-8484	118	83	by	by	ADP
fbem-8484	118	84	2022	2022	NUM
fbem-8484	118	85	,	,	PUNCT
fbem-8484	118	86	the	the	DET
fbem-8484	118	87	interest	interest	NOUN
fbem-8484	118	88	rate	rate	NOUN
fbem-8484	118	89	market	market	NOUN
fbem-8484	118	90	reform	reform	NOUN
fbem-8484	118	91	process	process	NOUN
fbem-8484	118	92	has	have	AUX
fbem-8484	118	93	entered	enter	VERB
fbem-8484	118	94	deep	deep	ADJ
fbem-8484	118	95	water	water	NOUN
fbem-8484	118	96	and	and	CCONJ
fbem-8484	118	97	the	the	DET
fbem-8484	118	98	degree	degree	NOUN
fbem-8484	118	99	of	of	ADP
fbem-8484	118	100	interest	interest	NOUN
fbem-8484	118	101	rate	rate	NOUN
fbem-8484	118	102	liberalization	liberalization	NOUN
fbem-8484	118	103	has	have	AUX
fbem-8484	118	104	reached	reach	VERB
fbem-8484	118	105	a	a	DET
fbem-8484	118	106	high	high	ADJ
fbem-8484	118	107	level	level	NOUN
fbem-8484	118	108	.	.	PUNCT
fbem-8484	119	1	among	among	ADP
fbem-8484	119	2	the	the	DET
fbem-8484	119	3	control	control	NOUN
fbem-8484	119	4	variables	variable	NOUN
fbem-8484	119	5	,	,	PUNCT
fbem-8484	119	6	the	the	DET
fbem-8484	119	7	degree	degree	NOUN
fbem-8484	119	8	of	of	ADP
fbem-8484	119	9	risk	risk	NOUN
fbem-8484	119	10	aversion	aversion	NOUN
fbem-8484	119	11	(	(	PUNCT
fbem-8484	119	12	eta	eta	NOUN
fbem-8484	119	13	)	)	PUNCT
fbem-8484	119	14	varies	vary	VERB
fbem-8484	119	15	widely	widely	ADV
fbem-8484	119	16	across	across	ADP
fbem-8484	119	17	different	different	ADJ
fbem-8484	119	18	types	type	NOUN
fbem-8484	119	19	of	of	ADP
fbem-8484	119	20	banks	bank	NOUN
fbem-8484	119	21	,	,	PUNCT
fbem-8484	119	22	with	with	ADP
fbem-8484	119	23	rural	rural	ADJ
fbem-8484	119	24	commercial	commercial	ADJ
fbem-8484	119	25	banks	bank	NOUN
fbem-8484	119	26	having	have	VERB
fbem-8484	119	27	a	a	DET
fbem-8484	119	28	significantly	significantly	ADV
fbem-8484	119	29	higher	high	ADJ
fbem-8484	119	30	degree	degree	NOUN
fbem-8484	119	31	of	of	ADP
fbem-8484	119	32	risk	risk	NOUN
fbem-8484	119	33	appetite	appetite	NOUN
fbem-8484	119	34	and	and	CCONJ
fbem-8484	119	35	fewer	few	ADJ
fbem-8484	119	36	risk	risk	NOUN
fbem-8484	119	37	control	control	NOUN
fbem-8484	119	38	measures	measure	NOUN
fbem-8484	119	39	,	,	PUNCT
fbem-8484	119	40	resulting	result	VERB
fbem-8484	119	41	in	in	ADP
fbem-8484	119	42	higher	high	ADJ
fbem-8484	119	43	mean	mean	ADJ
fbem-8484	119	44	and	and	CCONJ
fbem-8484	119	45	maximum	maximum	ADJ
fbem-8484	119	46	values	value	NOUN
fbem-8484	119	47	of	of	ADP
fbem-8484	119	48	eta	eta	PROPN
fbem-8484	119	49	than	than	ADP
fbem-8484	119	50	other	other	ADJ
fbem-8484	119	51	types	type	NOUN
fbem-8484	119	52	of	of	ADP
fbem-8484	119	53	banks	bank	NOUN
fbem-8484	119	54	,	,	PUNCT
fbem-8484	119	55	while	while	SCONJ
fbem-8484	119	56	urban	urban	ADJ
fbem-8484	119	57	commercial	commercial	ADJ
fbem-8484	119	58	banks	bank	NOUN
fbem-8484	119	59	with	with	ADP
fbem-8484	119	60	government	government	NOUN
fbem-8484	119	61	background	background	NOUN
fbem-8484	119	62	have	have	VERB
fbem-8484	119	63	lower	low	ADJ
fbem-8484	119	64	values	value	NOUN
fbem-8484	119	65	of	of	ADP
fbem-8484	119	66	eta	eta	PROPN
fbem-8484	119	67	,	,	PUNCT
fbem-8484	119	68	perhaps	perhaps	ADV
fbem-8484	119	69	because	because	SCONJ
fbem-8484	119	70	local	local	ADJ
fbem-8484	119	71	governments	government	NOUN
fbem-8484	119	72	value	value	VERB
fbem-8484	119	73	risk	risk	NOUN
fbem-8484	119	74	control	control	NOUN
fbem-8484	119	75	more	more	ADJ
fbem-8484	119	76	than	than	ADP
fbem-8484	119	77	earnings	earning	NOUN
fbem-8484	119	78	and	and	CCONJ
fbem-8484	119	79	thus	thus	ADV
fbem-8484	119	80	reject	reject	VERB
fbem-8484	119	81	riskier	risky	ADJ
fbem-8484	119	82	projects	project	NOUN
fbem-8484	119	83	and	and	CCONJ
fbem-8484	119	84	asset	asset	NOUN
fbem-8484	119	85	allocation	allocation	NOUN
fbem-8484	119	86	decisions	decision	NOUN
fbem-8484	119	87	.	.	PUNCT
fbem-8484	120	1	the	the	DET
fbem-8484	120	2	variability	variability	NOUN
fbem-8484	120	3	of	of	ADP
fbem-8484	120	4	operating	operating	NOUN
fbem-8484	120	5	costs	cost	NOUN
fbem-8484	120	6	(	(	PUNCT
fbem-8484	120	7	cost	cost	NOUN
fbem-8484	120	8	)	)	PUNCT
fbem-8484	120	9	is	be	AUX
fbem-8484	120	10	not	not	PART
fbem-8484	120	11	significant	significant	ADJ
fbem-8484	120	12	among	among	ADP
fbem-8484	120	13	the	the	DET
fbem-8484	120	14	various	various	ADJ
fbem-8484	120	15	types	type	NOUN
fbem-8484	120	16	of	of	ADP
fbem-8484	120	17	banks	bank	NOUN
fbem-8484	120	18	,	,	PUNCT
fbem-8484	120	19	with	with	ADP
fbem-8484	120	20	rural	rural	ADJ
fbem-8484	120	21	commercial	commercial	ADJ
fbem-8484	120	22	banks	bank	NOUN
fbem-8484	120	23	having	have	VERB
fbem-8484	120	24	slightly	slightly	ADV
fbem-8484	120	25	higher	high	ADJ
fbem-8484	120	26	values	value	NOUN
fbem-8484	120	27	in	in	ADP
fbem-8484	120	28	terms	term	NOUN
fbem-8484	120	29	of	of	ADP
fbem-8484	120	30	mean	mean	ADJ
fbem-8484	120	31	values	value	NOUN
fbem-8484	120	32	and	and	CCONJ
fbem-8484	120	33	the	the	DET
fbem-8484	120	34	rest	rest	NOUN
fbem-8484	120	35	of	of	ADP
fbem-8484	120	36	the	the	DET
fbem-8484	120	37	types	type	NOUN
fbem-8484	120	38	of	of	ADP
fbem-8484	120	39	banks	bank	NOUN
fbem-8484	120	40	having	have	VERB
fbem-8484	120	41	very	very	ADV
fbem-8484	120	42	similar	similar	ADJ
fbem-8484	120	43	values	value	NOUN
fbem-8484	120	44	.	.	PUNCT
fbem-8484	121	1	loan	loan	NOUN
fbem-8484	121	2	size	size	NOUN
fbem-8484	121	3	(	(	PUNCT
fbem-8484	121	4	lnlo	lnlo	PROPN
fbem-8484	121	5	)	)	PUNCT
fbem-8484	121	6	is	be	AUX
fbem-8484	121	7	closely	closely	ADV
fbem-8484	121	8	related	relate	VERB
fbem-8484	121	9	to	to	ADP
fbem-8484	121	10	the	the	DET
fbem-8484	121	11	overall	overall	ADJ
fbem-8484	121	12	asset	asset	NOUN
fbem-8484	121	13	size	size	NOUN
fbem-8484	121	14	of	of	ADP
fbem-8484	121	15	banks	bank	NOUN
fbem-8484	121	16	,	,	PUNCT
fbem-8484	121	17	and	and	CCONJ
fbem-8484	121	18	generally	generally	ADV
fbem-8484	121	19	banks	bank	NOUN
fbem-8484	121	20	with	with	ADP
fbem-8484	121	21	large	large	ADJ
fbem-8484	121	22	asset	asset	NOUN
fbem-8484	121	23	size	size	NOUN
fbem-8484	121	24	have	have	VERB
fbem-8484	121	25	relatively	relatively	ADV
fbem-8484	121	26	larger	large	ADJ
fbem-8484	121	27	loan	loan	NOUN
fbem-8484	121	28	size	size	NOUN
fbem-8484	121	29	,	,	PUNCT
fbem-8484	121	30	so	so	SCONJ
fbem-8484	121	31	it	it	PRON
fbem-8484	121	32	is	be	AUX
fbem-8484	121	33	natural	natural	ADJ
fbem-8484	121	34	to	to	PART
fbem-8484	121	35	find	find	VERB
fbem-8484	121	36	that	that	SCONJ
fbem-8484	121	37	large	large	ADJ
fbem-8484	121	38	state	state	NOUN
fbem-8484	121	39	-	-	PUNCT
fbem-8484	121	40	owned	own	VERB
fbem-8484	121	41	banks	bank	NOUN
fbem-8484	121	42	have	have	VERB
fbem-8484	121	43	the	the	DET
fbem-8484	121	44	largest	large	ADJ
fbem-8484	121	45	loan	loan	NOUN
fbem-8484	121	46	size	size	NOUN
fbem-8484	121	47	with	with	ADP
fbem-8484	121	48	an	an	DET
fbem-8484	121	49	average	average	ADJ
fbem-8484	121	50	value	value	NOUN
fbem-8484	121	51	of	of	ADP
fbem-8484	121	52	16.14	16.14	NUM
fbem-8484	121	53	,	,	PUNCT
fbem-8484	121	54	while	while	SCONJ
fbem-8484	121	55	rural	rural	ADJ
fbem-8484	121	56	commercial	commercial	ADJ
fbem-8484	121	57	banks	bank	NOUN
fbem-8484	121	58	have	have	VERB
fbem-8484	121	59	the	the	DET
fbem-8484	121	60	smallest	small	ADJ
fbem-8484	121	61	loan	loan	NOUN
fbem-8484	121	62	size	size	NOUN
fbem-8484	121	63	with	with	ADP
fbem-8484	121	64	an	an	DET
fbem-8484	121	65	average	average	ADJ
fbem-8484	121	66	value	value	NOUN
fbem-8484	121	67	of	of	ADP
fbem-8484	121	68	only	only	ADV
fbem-8484	121	69	10.55	10.55	NUM
fbem-8484	121	70	.	.	PUNCT
fbem-8484	122	1	the	the	DET
fbem-8484	122	2	mean	mean	ADJ
fbem-8484	122	3	value	value	NOUN
fbem-8484	122	4	of	of	ADP
fbem-8484	122	5	intermediate	intermediate	ADJ
fbem-8484	122	6	business	business	NOUN
fbem-8484	122	7	income	income	NOUN
fbem-8484	122	8	ratio	ratio	NOUN
fbem-8484	122	9	(	(	PUNCT
fbem-8484	122	10	nii	nii	PROPN
fbem-8484	122	11	)	)	PUNCT
fbem-8484	122	12	for	for	ADP
fbem-8484	122	13	the	the	DET
fbem-8484	122	14	whole	whole	ADJ
fbem-8484	122	15	sample	sample	NOUN
fbem-8484	122	16	is	be	AUX
fbem-8484	122	17	14.12	14.12	NUM
fbem-8484	122	18	,	,	PUNCT
fbem-8484	122	19	reflecting	reflect	VERB
fbem-8484	122	20	the	the	DET
fbem-8484	122	21	reality	reality	NOUN
fbem-8484	122	22	that	that	SCONJ
fbem-8484	122	23	the	the	DET
fbem-8484	122	24	development	development	NOUN
fbem-8484	122	25	of	of	ADP
fbem-8484	122	26	intermediate	intermediate	ADJ
fbem-8484	122	27	business	business	NOUN
fbem-8484	122	28	of	of	ADP
fbem-8484	122	29	chinese	chinese	ADJ
fbem-8484	122	30	commercial	commercial	ADJ
fbem-8484	122	31	banks	bank	NOUN
fbem-8484	122	32	is	be	AUX
fbem-8484	122	33	relatively	relatively	ADV
fbem-8484	122	34	backward	backward	ADJ
fbem-8484	122	35	compared	compare	VERB
fbem-8484	122	36	with	with	ADP
fbem-8484	122	37	that	that	PRON
fbem-8484	122	38	of	of	ADP
fbem-8484	122	39	developed	develop	VERB
fbem-8484	122	40	countries	country	NOUN
fbem-8484	122	41	;	;	PUNCT
fbem-8484	122	42	and	and	CCONJ
fbem-8484	122	43	there	there	PRON
fbem-8484	122	44	is	be	VERB
fbem-8484	122	45	also	also	ADV
fbem-8484	122	46	a	a	DET
fbem-8484	122	47	large	large	ADJ
fbem-8484	122	48	gap	gap	NOUN
fbem-8484	122	49	between	between	ADP
fbem-8484	122	50	different	different	ADJ
fbem-8484	122	51	types	type	NOUN
fbem-8484	122	52	of	of	ADP
fbem-8484	122	53	banks	bank	NOUN
fbem-8484	122	54	,	,	PUNCT
fbem-8484	122	55	with	with	ADP
fbem-8484	122	56	the	the	DET
fbem-8484	122	57	share	share	NOUN
fbem-8484	122	58	of	of	ADP
fbem-8484	122	59	intermediate	intermediate	ADJ
fbem-8484	122	60	business	business	NOUN
fbem-8484	122	61	income	income	NOUN
fbem-8484	122	62	of	of	ADP
fbem-8484	122	63	joint	joint	ADJ
fbem-8484	122	64	-	-	PUNCT
fbem-8484	122	65	stock	stock	NOUN
fbem-8484	122	66	banks	bank	NOUN
fbem-8484	122	67	reaching	reach	VERB
fbem-8484	122	68	23.17	23.17	NUM
fbem-8484	122	69	,	,	PUNCT
fbem-8484	122	70	which	which	PRON
fbem-8484	122	71	is	be	AUX
fbem-8484	122	72	significantly	significantly	ADV
fbem-8484	122	73	higher	high	ADJ
fbem-8484	122	74	than	than	ADP
fbem-8484	122	75	that	that	PRON
fbem-8484	122	76	of	of	ADP
fbem-8484	122	77	other	other	ADJ
fbem-8484	122	78	types	type	NOUN
fbem-8484	122	79	of	of	ADP
fbem-8484	122	80	banks	bank	NOUN
fbem-8484	122	81	,	,	PUNCT
fbem-8484	122	82	followed	follow	VERB
fbem-8484	122	83	by	by	ADP
fbem-8484	122	84	large	large	ADJ
fbem-8484	122	85	state	state	NOUN
fbem-8484	122	86	-	-	PUNCT
fbem-8484	122	87	owned	own	VERB
fbem-8484	122	88	banks	bank	NOUN
fbem-8484	122	89	with	with	ADP
fbem-8484	122	90	19.19	19.19	NUM
fbem-8484	122	91	,	,	PUNCT
fbem-8484	122	92	and	and	CCONJ
fbem-8484	122	93	rural	rural	ADJ
fbem-8484	122	94	commercial	commercial	ADJ
fbem-8484	122	95	banks	bank	NOUN
fbem-8484	122	96	have	have	VERB
fbem-8484	122	97	less	less	ADJ
fbem-8484	122	98	intermediate	intermediate	ADJ
fbem-8484	122	99	business	business	NOUN
fbem-8484	122	100	development	development	NOUN
fbem-8484	122	101	,	,	PUNCT
fbem-8484	122	102	with	with	ADP
fbem-8484	122	103	a	a	DET
fbem-8484	122	104	share	share	NOUN
fbem-8484	122	105	of	of	ADP
fbem-8484	122	106	only	only	ADV
fbem-8484	122	107	4.34	4.34	NUM
fbem-8484	122	108	.	.	PUNCT
fbem-8484	123	1	in	in	ADP
fbem-8484	123	2	terms	term	NOUN
fbem-8484	123	3	of	of	ADP
fbem-8484	123	4	market	market	NOUN
fbem-8484	123	5	concentration	concentration	NOUN
fbem-8484	123	6	(	(	PUNCT
fbem-8484	123	7	hii	hii	PROPN
fbem-8484	123	8	)	)	PUNCT
fbem-8484	123	9	,	,	PUNCT
fbem-8484	123	10	the	the	DET
fbem-8484	123	11	degree	degree	NOUN
fbem-8484	123	12	of	of	ADP
fbem-8484	123	13	monopoly	monopoly	NOUN
fbem-8484	123	14	is	be	AUX
fbem-8484	123	15	stronger	strong	ADJ
fbem-8484	123	16	among	among	ADP
fbem-8484	123	17	rural	rural	ADJ
fbem-8484	123	18	commercial	commercial	ADJ
fbem-8484	123	19	banks	bank	NOUN
fbem-8484	123	20	,	,	PUNCT
fbem-8484	123	21	while	while	SCONJ
fbem-8484	123	22	the	the	DET
fbem-8484	123	23	degree	degree	NOUN
fbem-8484	123	24	of	of	ADP
fbem-8484	123	25	competition	competition	NOUN
fbem-8484	123	26	is	be	AUX
fbem-8484	123	27	stronger	strong	ADJ
fbem-8484	123	28	among	among	ADP
fbem-8484	123	29	urban	urban	ADJ
fbem-8484	123	30	1.5	1.5	NUM
fbem-8484	123	31	2	2	NUM
fbem-8484	123	32	2.5	2.5	NUM
fbem-8484	123	33	3	3	NUM
fbem-8484	123	34	3.5	3.5	NUM
fbem-8484	123	35	4	4	NUM
fbem-8484	123	36	2013	2013	NUM
fbem-8484	123	37	2014	2014	NUM
fbem-8484	123	38	2015	2015	NUM
fbem-8484	123	39	2016	2016	NUM
fbem-8484	123	40	2017	2017	NUM
fbem-8484	123	41	2018	2018	NUM
fbem-8484	123	42	2019	2019	NUM
fbem-8484	123	43	2020	2020	NUM
fbem-8484	123	44	2021	2021	NUM
fbem-8484	123	45	2022	2022	NUM
fbem-8484	123	46	n	n	CCONJ
fbem-8484	124	1	i	i	PRON
fbem-8484	124	2	m	m	VERB
fbem-8484	124	3	year	year	NOUN
fbem-8484	124	4	large	large	ADJ
fbem-8484	124	5	state	state	NOUN
fbem-8484	124	6	-	-	PUNCT
fbem-8484	124	7	owned	own	VERB
fbem-8484	124	8	joint	joint	ADJ
fbem-8484	124	9	-	-	PUNCT
fbem-8484	124	10	stock	stock	NOUN
fbem-8484	124	11	city	city	NOUN
fbem-8484	124	12	rural	rural	ADJ
fbem-8484	124	13	full	full	ADJ
fbem-8484	124	14	sample	sample	NOUN
fbem-8484	124	15	0.6	0.6	NUM
fbem-8484	124	16	0.65	0.65	NUM
fbem-8484	124	17	0.7	0.7	NUM
fbem-8484	124	18	0.75	0.75	NUM
fbem-8484	124	19	0.8	0.8	NUM
fbem-8484	124	20	0.85	0.85	NUM
fbem-8484	124	21	0.9	0.9	NUM
fbem-8484	124	22	0.95	0.95	NUM
fbem-8484	124	23	1	1	NUM
fbem-8484	124	24	2013	2013	NUM
fbem-8484	124	25	2014	2014	NUM
fbem-8484	124	26	2015	2015	NUM
fbem-8484	124	27	2016	2016	NUM
fbem-8484	124	28	2017	2017	NUM
fbem-8484	124	29	2018	2018	NUM
fbem-8484	124	30	2019	2019	NUM
fbem-8484	124	31	2020	2020	NUM
fbem-8484	124	32	2021	2021	NUM
fbem-8484	124	33	2022	2022	NUM
fbem-8484	124	34	ir	ir	PROPN
fbem-8484	124	35	l	l	NOUN
fbem-8484	124	36	year	year	NOUN
fbem-8484	124	37	137	137	NUM
fbem-8484	124	38	commercial	commercial	ADJ
fbem-8484	124	39	banks	bank	NOUN
fbem-8484	124	40	.	.	PUNCT
fbem-8484	125	1	overall	overall	ADV
fbem-8484	125	2	,	,	PUNCT
fbem-8484	125	3	the	the	DET
fbem-8484	125	4	nature	nature	NOUN
fbem-8484	125	5	exhibited	exhibit	VERB
fbem-8484	125	6	by	by	ADP
fbem-8484	125	7	all	all	DET
fbem-8484	125	8	variables	variable	NOUN
fbem-8484	125	9	is	be	AUX
fbem-8484	125	10	consistent	consistent	ADJ
fbem-8484	125	11	with	with	ADP
fbem-8484	125	12	normal	normal	ADJ
fbem-8484	125	13	expectations	expectation	NOUN
fbem-8484	125	14	and	and	CCONJ
fbem-8484	125	15	financial	financial	ADJ
fbem-8484	125	16	theory	theory	NOUN
fbem-8484	125	17	,	,	PUNCT
fbem-8484	125	18	and	and	CCONJ
fbem-8484	125	19	no	no	DET
fbem-8484	125	20	statistical	statistical	ADJ
fbem-8484	125	21	results	result	NOUN
fbem-8484	125	22	that	that	PRON
fbem-8484	125	23	clearly	clearly	ADV
fbem-8484	125	24	contradict	contradict	VERB
fbem-8484	125	25	financial	financial	ADJ
fbem-8484	125	26	theory	theory	NOUN
fbem-8484	125	27	are	be	AUX
fbem-8484	125	28	observed	observe	VERB
fbem-8484	125	29	.	.	PUNCT
fbem-8484	126	1	4.2	4.2	NUM
fbem-8484	126	2	.	.	PUNCT
fbem-8484	126	3	empirical	empirical	ADJ
fbem-8484	126	4	regression	regression	NOUN
fbem-8484	126	5	results	result	NOUN
fbem-8484	126	6	and	and	CCONJ
fbem-8484	126	7	analysis	analysis	NOUN
fbem-8484	126	8	4.2.1	4.2.1	NUM
fbem-8484	126	9	.	.	PUNCT
fbem-8484	127	1	full	full	ADJ
fbem-8484	127	2	sample	sample	NOUN
fbem-8484	127	3	regression	regression	NOUN
fbem-8484	127	4	results	result	NOUN
fbem-8484	127	5	and	and	CCONJ
fbem-8484	127	6	analysis	analysis	NOUN
fbem-8484	127	7	since	since	SCONJ
fbem-8484	127	8	the	the	DET
fbem-8484	127	9	data	datum	NOUN
fbem-8484	127	10	we	we	PRON
fbem-8484	127	11	use	use	VERB
fbem-8484	127	12	is	be	AUX
fbem-8484	127	13	panel	panel	NOUN
fbem-8484	127	14	data	datum	NOUN
fbem-8484	127	15	,	,	PUNCT
fbem-8484	127	16	we	we	PRON
fbem-8484	127	17	need	need	VERB
fbem-8484	127	18	to	to	PART
fbem-8484	127	19	consider	consider	VERB
fbem-8484	127	20	whether	whether	SCONJ
fbem-8484	127	21	there	there	PRON
fbem-8484	127	22	is	be	VERB
fbem-8484	127	23	individual	individual	ADJ
fbem-8484	127	24	effect	effect	NOUN
fbem-8484	127	25	before	before	ADP
fbem-8484	127	26	regression	regression	NOUN
fbem-8484	127	27	,	,	PUNCT
fbem-8484	127	28	we	we	PRON
fbem-8484	127	29	first	first	ADV
fbem-8484	127	30	determine	determine	VERB
fbem-8484	127	31	whether	whether	SCONJ
fbem-8484	127	32	there	there	PRON
fbem-8484	127	33	is	be	VERB
fbem-8484	127	34	individual	individual	ADJ
fbem-8484	127	35	effect	effect	NOUN
fbem-8484	127	36	in	in	ADP
fbem-8484	127	37	the	the	DET
fbem-8484	127	38	model	model	NOUN
fbem-8484	127	39	by	by	ADP
fbem-8484	127	40	f	f	PROPN
fbem-8484	127	41	-	-	PUNCT
fbem-8484	127	42	test	test	NOUN
fbem-8484	127	43	,	,	PUNCT
fbem-8484	127	44	the	the	DET
fbem-8484	127	45	f	f	NOUN
fbem-8484	127	46	-	-	PUNCT
fbem-8484	127	47	value	value	NOUN
fbem-8484	127	48	obtained	obtain	VERB
fbem-8484	127	49	by	by	ADP
fbem-8484	127	50	the	the	DET
fbem-8484	127	51	test	test	NOUN
fbem-8484	127	52	is	be	AUX
fbem-8484	127	53	18.23	18.23	NUM
fbem-8484	127	54	and	and	CCONJ
fbem-8484	127	55	the	the	DET
fbem-8484	127	56	pvalue	pvalue	NOUN
fbem-8484	127	57	is	be	AUX
fbem-8484	127	58	0.0000	0.0000	NUM
fbem-8484	127	59	,	,	PUNCT
fbem-8484	127	60	indicating	indicate	VERB
fbem-8484	127	61	that	that	SCONJ
fbem-8484	127	62	there	there	PRON
fbem-8484	127	63	is	be	VERB
fbem-8484	127	64	significant	significant	ADJ
fbem-8484	127	65	individual	individual	ADJ
fbem-8484	127	66	effect	effect	NOUN
fbem-8484	127	67	in	in	ADP
fbem-8484	127	68	the	the	DET
fbem-8484	127	69	model	model	NOUN
fbem-8484	127	70	,	,	PUNCT
fbem-8484	127	71	that	that	ADV
fbem-8484	127	72	is	is	ADV
fbem-8484	127	73	,	,	PUNCT
fbem-8484	127	74	the	the	DET
fbem-8484	127	75	fixed	fix	VERB
fbem-8484	127	76	-	-	PUNCT
fbem-8484	127	77	effects	effect	NOUN
fbem-8484	127	78	model	model	NOUN
fbem-8484	127	79	is	be	AUX
fbem-8484	127	80	better	well	ADJ
fbem-8484	127	81	than	than	SCONJ
fbem-8484	127	82	pooled	pool	VERB
fbem-8484	127	83	regression	regression	NOUN
fbem-8484	127	84	model	model	NOUN
fbem-8484	127	85	,	,	PUNCT
fbem-8484	127	86	so	so	CCONJ
fbem-8484	127	87	the	the	DET
fbem-8484	127	88	fixed	fix	VERB
fbem-8484	127	89	-	-	PUNCT
fbem-8484	127	90	effects	effect	NOUN
fbem-8484	127	91	model	model	NOUN
fbem-8484	127	92	is	be	AUX
fbem-8484	127	93	used	use	VERB
fbem-8484	127	94	for	for	ADP
fbem-8484	127	95	regression	regression	NOUN
fbem-8484	127	96	analysis	analysis	NOUN
fbem-8484	127	97	.	.	PUNCT
fbem-8484	128	1	to	to	PART
fbem-8484	128	2	analyze	analyze	VERB
fbem-8484	128	3	the	the	DET
fbem-8484	128	4	rationality	rationality	NOUN
fbem-8484	128	5	of	of	ADP
fbem-8484	128	6	introducing	introduce	VERB
fbem-8484	128	7	macro	macro	ADJ
fbem-8484	128	8	control	control	NOUN
fbem-8484	128	9	variables	variable	NOUN
fbem-8484	128	10	outside	outside	ADP
fbem-8484	128	11	the	the	DET
fbem-8484	128	12	model	model	NOUN
fbem-8484	128	13	,	,	PUNCT
fbem-8484	128	14	we	we	PRON
fbem-8484	128	15	test	test	VERB
fbem-8484	128	16	the	the	DET
fbem-8484	128	17	introduced	introduce	VERB
fbem-8484	128	18	variables	variable	NOUN
fbem-8484	128	19	accordingly	accordingly	ADV
fbem-8484	128	20	.	.	PUNCT
fbem-8484	129	1	column	column	NOUN
fbem-8484	129	2	1	1	NUM
fbem-8484	129	3	contains	contain	VERB
fbem-8484	129	4	only	only	ADV
fbem-8484	129	5	the	the	DET
fbem-8484	129	6	variables	variable	NOUN
fbem-8484	129	7	in	in	ADP
fbem-8484	129	8	the	the	DET
fbem-8484	129	9	above	above	ADJ
fbem-8484	129	10	theoretical	theoretical	ADJ
fbem-8484	129	11	model	model	NOUN
fbem-8484	129	12	,	,	PUNCT
fbem-8484	129	13	while	while	SCONJ
fbem-8484	129	14	column	column	NOUN
fbem-8484	129	15	2	2	NUM
fbem-8484	129	16	adds	add	VERB
fbem-8484	129	17	two	two	NUM
fbem-8484	129	18	variables	variable	NOUN
fbem-8484	129	19	,	,	PUNCT
fbem-8484	129	20	gdp	gdp	NOUN
fbem-8484	129	21	growth	growth	NOUN
fbem-8484	129	22	rate	rate	NOUN
fbem-8484	129	23	(	(	PUNCT
fbem-8484	129	24	gdp	gdp	NOUN
fbem-8484	129	25	)	)	PUNCT
fbem-8484	129	26	and	and	CCONJ
fbem-8484	129	27	m2	m2	PROPN
fbem-8484	129	28	growth	growth	NOUN
fbem-8484	129	29	rate	rate	NOUN
fbem-8484	129	30	(	(	PUNCT
fbem-8484	129	31	m2	m2	PROPN
fbem-8484	129	32	)	)	PUNCT
fbem-8484	129	33	.	.	PUNCT
fbem-8484	130	1	in	in	ADP
fbem-8484	130	2	addition	addition	NOUN
fbem-8484	130	3	,	,	PUNCT
fbem-8484	130	4	r	r	NOUN
fbem-8484	130	5	-	-	PUNCT
fbem-8484	130	6	squared	square	VERB
fbem-8484	130	7	of	of	ADP
fbem-8484	130	8	the	the	DET
fbem-8484	130	9	regression	regression	NOUN
fbem-8484	130	10	equation	equation	NOUN
fbem-8484	130	11	improved	improve	VERB
fbem-8484	130	12	from	from	ADP
fbem-8484	130	13	0.8689	0.8689	NUM
fbem-8484	130	14	to	to	ADP
fbem-8484	130	15	0.8716	0.8716	NUM
fbem-8484	130	16	after	after	ADP
fbem-8484	130	17	the	the	DET
fbem-8484	130	18	introduction	introduction	NOUN
fbem-8484	130	19	of	of	ADP
fbem-8484	130	20	the	the	DET
fbem-8484	130	21	variables	variable	NOUN
fbem-8484	130	22	,	,	PUNCT
fbem-8484	130	23	and	and	CCONJ
fbem-8484	130	24	the	the	DET
fbem-8484	130	25	adjusted	adjusted	ADJ
fbem-8484	130	26	r	r	NOUN
fbem-8484	130	27	-	-	PUNCT
fbem-8484	130	28	squared	square	VERB
fbem-8484	130	29	improved	improve	VERB
fbem-8484	130	30	from	from	ADP
fbem-8484	130	31	0.8522	0.8522	NUM
fbem-8484	130	32	to	to	ADP
fbem-8484	130	33	0.8544	0.8544	NUM
fbem-8484	130	34	after	after	ADP
fbem-8484	130	35	adding	add	VERB
fbem-8484	130	36	the	the	DET
fbem-8484	130	37	variables	variable	NOUN
fbem-8484	130	38	.	.	PUNCT
fbem-8484	131	1	the	the	DET
fbem-8484	131	2	reliability	reliability	NOUN
fbem-8484	131	3	of	of	ADP
fbem-8484	131	4	the	the	DET
fbem-8484	131	5	model	model	NOUN
fbem-8484	131	6	is	be	AUX
fbem-8484	131	7	improved	improve	VERB
fbem-8484	131	8	,	,	PUNCT
fbem-8484	131	9	which	which	PRON
fbem-8484	131	10	indicates	indicate	VERB
fbem-8484	131	11	that	that	SCONJ
fbem-8484	131	12	gdp	gdp	NOUN
fbem-8484	131	13	growth	growth	NOUN
fbem-8484	131	14	rate	rate	NOUN
fbem-8484	131	15	and	and	CCONJ
fbem-8484	131	16	m2	m2	PROPN
fbem-8484	131	17	growth	growth	NOUN
fbem-8484	131	18	rate	rate	NOUN
fbem-8484	131	19	are	be	AUX
fbem-8484	131	20	indispensable	indispensable	ADJ
fbem-8484	131	21	in	in	ADP
fbem-8484	131	22	explaining	explain	VERB
fbem-8484	131	23	banks	bank	NOUN
fbem-8484	131	24	’	'	PUNCT
fbem-8484	131	25	net	net	ADJ
fbem-8484	131	26	interest	interest	NOUN
fbem-8484	131	27	margin	margin	NOUN
fbem-8484	131	28	.	.	PUNCT
fbem-8484	132	1	table	table	NOUN
fbem-8484	132	2	4	4	NUM
fbem-8484	132	3	.	.	PUNCT
fbem-8484	133	1	results	result	NOUN
fbem-8484	133	2	of	of	ADP
fbem-8484	133	3	linear	linear	ADJ
fbem-8484	133	4	regression	regression	NOUN
fbem-8484	133	5	analysis	analysis	NOUN
fbem-8484	133	6	(	(	PUNCT
fbem-8484	133	7	1	1	NUM
fbem-8484	133	8	)	)	PUNCT
fbem-8484	133	9	(	(	PUNCT
fbem-8484	133	10	2	2	X
fbem-8484	133	11	)	)	PUNCT
fbem-8484	133	12	coefficient	coefficient	NOUN
fbem-8484	133	13	t	t	PROPN
fbem-8484	133	14	-	-	PUNCT
fbem-8484	133	15	value	value	NOUN
fbem-8484	133	16	coefficient	coefficient	NOUN
fbem-8484	133	17	t	t	NOUN
fbem-8484	133	18	-	-	PUNCT
fbem-8484	133	19	value	value	NOUN
fbem-8484	133	20	_	_	PROPN
fbem-8484	133	21	cons	con	NOUN
fbem-8484	133	22	-4.6805	-4.6805	VERB
fbem-8484	133	23	*	*	PUNCT
fbem-8484	133	24	*	*	PUNCT
fbem-8484	133	25	*	*	PUNCT
fbem-8484	133	26	(	(	PUNCT
fbem-8484	133	27	1.1901	1.1901	NUM
fbem-8484	133	28	)	)	PUNCT
fbem-8484	133	29	-3.93	-3.93	NOUN
fbem-8484	133	30	-4.9511	-4.9511	NOUN
fbem-8484	134	1	*	*	PUNCT
fbem-8484	135	1	*	*	PUNCT
fbem-8484	135	2	*	*	PUNCT
fbem-8484	135	3	(	(	PUNCT
fbem-8484	135	4	1.1938	1.1938	NUM
fbem-8484	135	5	)	)	PUNCT
fbem-8484	135	6	4.15	4.15	NUM
fbem-8484	135	7	irl	irl	NOUN
fbem-8484	135	8	-3.5886	-3.5886	NOUN
fbem-8484	135	9	*	*	PUNCT
fbem-8484	135	10	*	*	PUNCT
fbem-8484	135	11	*	*	PUNCT
fbem-8484	135	12	(	(	PUNCT
fbem-8484	135	13	0.3191	0.3191	NUM
fbem-8484	135	14	)	)	PUNCT
fbem-8484	135	15	-11.25	-11.25	NOUN
fbem-8484	135	16	-3.0342	-3.0342	NOUN
fbem-8484	135	17	*	*	PUNCT
fbem-8484	136	1	*	*	PUNCT
fbem-8484	136	2	*	*	PUNCT
fbem-8484	136	3	(	(	PUNCT
fbem-8484	136	4	0.3885	0.3885	NUM
fbem-8484	136	5	)	)	PUNCT
fbem-8484	136	6	7.81	7.81	NUM
fbem-8484	136	7	eta	eta	NOUN
fbem-8484	136	8	0.0611	0.0611	NUM
fbem-8484	136	9	*	*	PUNCT
fbem-8484	136	10	*	*	PUNCT
fbem-8484	136	11	*	*	PUNCT
fbem-8484	136	12	(	(	PUNCT
fbem-8484	136	13	0.0188	0.0188	NUM
fbem-8484	136	14	)	)	PUNCT
fbem-8484	136	15	3.26	3.26	NUM
fbem-8484	136	16	0.0636	0.0636	NUM
fbem-8484	136	17	*	*	PUNCT
fbem-8484	136	18	*	*	PUNCT
fbem-8484	136	19	*	*	PUNCT
fbem-8484	136	20	(	(	PUNCT
fbem-8484	136	21	0.0187	0.0187	NUM
fbem-8484	136	22	)	)	PUNCT
fbem-8484	136	23	3.41	3.41	NUM
fbem-8484	136	24	cost	cost	VERB
fbem-8484	136	25	0.0594	0.0594	NUM
fbem-8484	136	26	(	(	PUNCT
fbem-8484	136	27	0.0389	0.0389	NUM
fbem-8484	136	28	)	)	PUNCT
fbem-8484	136	29	1.53	1.53	NUM
fbem-8484	136	30	0.0600	0.0600	NUM
fbem-8484	136	31	(	(	PUNCT
fbem-8484	136	32	0.0387	0.0387	NUM
fbem-8484	136	33	)	)	PUNCT
fbem-8484	136	34	1.55	1.55	NUM
fbem-8484	136	35	lnlo	lnlo	NOUN
fbem-8484	136	36	0.4315	0.4315	NUM
fbem-8484	136	37	*	*	PUNCT
fbem-8484	136	38	*	*	PUNCT
fbem-8484	136	39	*	*	PUNCT
fbem-8484	136	40	(	(	PUNCT
fbem-8484	136	41	0.0793	0.0793	NUM
fbem-8484	136	42	)	)	PUNCT
fbem-8484	136	43	5.44	5.44	NUM
fbem-8484	136	44	0.3763	0.3763	NUM
fbem-8484	136	45	*	*	PUNCT
fbem-8484	137	1	*	*	PUNCT
fbem-8484	137	2	*	*	PUNCT
fbem-8484	137	3	(	(	PUNCT
fbem-8484	137	4	0.0813	0.0813	NUM
fbem-8484	137	5	)	)	PUNCT
fbem-8484	137	6	4.63	4.63	NUM
fbem-8484	137	7	nii	nii	PROPN
fbem-8484	137	8	-0.0258	-0.0258	PROPN
fbem-8484	137	9	*	*	PROPN
fbem-8484	137	10	*	*	PUNCT
fbem-8484	137	11	*	*	PUNCT
fbem-8484	137	12	(	(	PUNCT
fbem-8484	137	13	0.0040	0.0040	NUM
fbem-8484	137	14	)	)	PUNCT
fbem-8484	137	15	-6.39	-6.39	NOUN
fbem-8484	137	16	-0.0211	-0.0211	NOUN
fbem-8484	137	17	*	*	PUNCT
fbem-8484	137	18	*	*	PUNCT
fbem-8484	137	19	*	*	PUNCT
fbem-8484	137	20	(	(	PUNCT
fbem-8484	137	21	0.0044	0.0044	NUM
fbem-8484	137	22	)	)	PUNCT
fbem-8484	137	23	4.85	4.85	NUM
fbem-8484	137	24	hhi	hhi	NOUN
fbem-8484	137	25	23.5280	23.5280	NUM
fbem-8484	137	26	*	*	PUNCT
fbem-8484	137	27	*	*	PUNCT
fbem-8484	137	28	*	*	PUNCT
fbem-8484	137	29	(	(	PUNCT
fbem-8484	137	30	2.9880	2.9880	NUM
fbem-8484	137	31	)	)	PUNCT
fbem-8484	137	32	7.87	7.87	NUM
fbem-8484	137	33	24.2365	24.2365	NUM
fbem-8484	137	34	*	*	PUNCT
fbem-8484	137	35	*	*	PUNCT
fbem-8484	137	36	*	*	PUNCT
fbem-8484	137	37	(	(	PUNCT
fbem-8484	137	38	2.9843	2.9843	NUM
fbem-8484	137	39	)	)	PUNCT
fbem-8484	137	40	8.12	8.12	NUM
fbem-8484	137	41	m2	m2	PROPN
fbem-8484	137	42	0.0260	0.0260	NUM
fbem-8484	137	43	*	*	PUNCT
fbem-8484	137	44	*	*	PUNCT
fbem-8484	137	45	*	*	PUNCT
fbem-8484	137	46	(	(	PUNCT
fbem-8484	137	47	0.0100	0.0100	NUM
fbem-8484	137	48	)	)	PUNCT
fbem-8484	137	49	2.61	2.61	NUM
fbem-8484	137	50	gdp	gdp	NOUN
fbem-8484	137	51	0.0026	0.0026	NUM
fbem-8484	137	52	(	(	PUNCT
fbem-8484	137	53	0.0088	0.0088	NUM
fbem-8484	137	54	)	)	PUNCT
fbem-8484	137	55	0.30	0.30	NUM
fbem-8484	137	56	r2	r2	NOUN
fbem-8484	137	57	0.8689	0.8689	NUM
fbem-8484	137	58	0.8716	0.8716	NUM
fbem-8484	137	59	adj	adj	NOUN
fbem-8484	137	60	.	.	PUNCT
fbem-8484	137	61	r2	r2	PROPN
fbem-8484	137	62	0.8522	0.8522	NUM
fbem-8484	137	63	0.8544	0.8544	NUM
fbem-8484	137	64	f	f	X
fbem-8484	137	65	-	-	PUNCT
fbem-8484	137	66	value	value	NOUN
fbem-8484	137	67	51.9577	51.9577	NUM
fbem-8484	137	68	50.6373	50.6373	NUM
fbem-8484	137	69	p	p	NOUN
fbem-8484	137	70	-	-	PUNCT
fbem-8484	137	71	value	value	NOUN
fbem-8484	137	72	0.0000	0.0000	NUM
fbem-8484	137	73	0.0000	0.0000	NUM
fbem-8484	137	74	note	note	NOUN
fbem-8484	137	75	:	:	PUNCT
fbem-8484	137	76	standard	standard	ADJ
fbem-8484	137	77	errors	error	NOUN
fbem-8484	137	78	are	be	AUX
fbem-8484	137	79	in	in	ADP
fbem-8484	137	80	the	the	DET
fbem-8484	137	81	parentheses	parenthesis	NOUN
fbem-8484	137	82	.	.	PUNCT
fbem-8484	138	1	*	*	PUNCT
fbem-8484	138	2	*	*	PUNCT
fbem-8484	138	3	*	*	PUNCT
fbem-8484	138	4	,	,	PUNCT
fbem-8484	138	5	*	*	PUNCT
fbem-8484	138	6	*	*	PUNCT
fbem-8484	138	7	,	,	PUNCT
fbem-8484	138	8	*	*	PUNCT
fbem-8484	138	9	refer	refer	VERB
fbem-8484	138	10	to	to	ADP
fbem-8484	138	11	significant	significant	ADJ
fbem-8484	138	12	at	at	ADP
fbem-8484	138	13	1	1	NUM
fbem-8484	138	14	%	%	NOUN
fbem-8484	138	15	,	,	PUNCT
fbem-8484	138	16	5	5	NUM
fbem-8484	138	17	%	%	NOUN
fbem-8484	138	18	,	,	PUNCT
fbem-8484	138	19	and	and	CCONJ
fbem-8484	138	20	10	10	NUM
fbem-8484	138	21	%	%	NOUN
fbem-8484	138	22	significance	significance	NOUN
fbem-8484	138	23	levels	level	NOUN
fbem-8484	138	24	respectively	respectively	ADV
fbem-8484	138	25	.	.	PUNCT
fbem-8484	139	1	observing	observe	VERB
fbem-8484	139	2	the	the	DET
fbem-8484	139	3	data	datum	NOUN
fbem-8484	139	4	of	of	ADP
fbem-8484	139	5	column	column	NOUN
fbem-8484	139	6	2	2	NUM
fbem-8484	139	7	in	in	ADP
fbem-8484	139	8	table	table	NOUN
fbem-8484	139	9	4	4	NUM
fbem-8484	139	10	,	,	PUNCT
fbem-8484	139	11	the	the	DET
fbem-8484	139	12	most	most	ADV
fbem-8484	139	13	noteworthy	noteworthy	ADJ
fbem-8484	139	14	is	be	AUX
fbem-8484	139	15	the	the	DET
fbem-8484	139	16	coefficient	coefficient	NOUN
fbem-8484	139	17	of	of	ADP
fbem-8484	139	18	interest	interest	NOUN
fbem-8484	139	19	rate	rate	NOUN
fbem-8484	139	20	liberalization	liberalization	NOUN
fbem-8484	139	21	index	index	NOUN
fbem-8484	139	22	.	.	PUNCT
fbem-8484	140	1	the	the	DET
fbem-8484	140	2	coefficient	coefficient	NOUN
fbem-8484	140	3	of	of	ADP
fbem-8484	140	4	the	the	DET
fbem-8484	140	5	degree	degree	NOUN
fbem-8484	140	6	of	of	ADP
fbem-8484	140	7	interest	interest	NOUN
fbem-8484	140	8	rate	rate	NOUN
fbem-8484	140	9	marketization	marketization	NOUN
fbem-8484	140	10	is	be	AUX
fbem-8484	140	11	-3.0342	-3.0342	PUNCT
fbem-8484	140	12	and	and	CCONJ
fbem-8484	140	13	is	be	AUX
fbem-8484	140	14	significant	significant	ADJ
fbem-8484	140	15	at	at	ADP
fbem-8484	140	16	the	the	DET
fbem-8484	140	17	1	1	NUM
fbem-8484	140	18	%	%	NOUN
fbem-8484	140	19	level	level	NOUN
fbem-8484	140	20	,	,	PUNCT
fbem-8484	140	21	indicating	indicate	VERB
fbem-8484	140	22	that	that	SCONJ
fbem-8484	140	23	the	the	DET
fbem-8484	140	24	liberalization	liberalization	NOUN
fbem-8484	140	25	of	of	ADP
fbem-8484	140	26	interest	interest	NOUN
fbem-8484	140	27	rates	rate	NOUN
fbem-8484	140	28	in	in	ADP
fbem-8484	140	29	china	china	PROPN
fbem-8484	140	30	has	have	AUX
fbem-8484	140	31	had	have	VERB
fbem-8484	140	32	a	a	DET
fbem-8484	140	33	significant	significant	ADJ
fbem-8484	140	34	negative	negative	ADJ
fbem-8484	140	35	impact	impact	NOUN
fbem-8484	140	36	on	on	ADP
fbem-8484	140	37	commercial	commercial	ADJ
fbem-8484	140	38	banks	bank	NOUN
fbem-8484	140	39	’	’	PART
fbem-8484	140	40	interest	interest	NOUN
fbem-8484	140	41	margins	margin	NOUN
fbem-8484	140	42	.	.	PUNCT
fbem-8484	141	1	this	this	PRON
fbem-8484	141	2	shows	show	VERB
fbem-8484	141	3	that	that	SCONJ
fbem-8484	141	4	in	in	ADP
fbem-8484	141	5	the	the	DET
fbem-8484	141	6	process	process	NOUN
fbem-8484	141	7	of	of	ADP
fbem-8484	141	8	interest	interest	NOUN
fbem-8484	141	9	rate	rate	NOUN
fbem-8484	141	10	liberalization	liberalization	NOUN
fbem-8484	141	11	in	in	ADP
fbem-8484	141	12	the	the	DET
fbem-8484	141	13	last	last	ADJ
fbem-8484	141	14	decade	decade	NOUN
fbem-8484	141	15	,	,	PUNCT
fbem-8484	141	16	the	the	DET
fbem-8484	141	17	available	available	ADJ
fbem-8484	141	18	spreads	spread	NOUN
fbem-8484	141	19	have	have	AUX
fbem-8484	141	20	not	not	PART
fbem-8484	141	21	shortened	shorten	VERB
fbem-8484	141	22	due	due	ADP
fbem-8484	141	23	to	to	ADP
fbem-8484	141	24	the	the	DET
fbem-8484	141	25	liberalization	liberalization	NOUN
fbem-8484	141	26	of	of	ADP
fbem-8484	141	27	deposit	deposit	NOUN
fbem-8484	141	28	rate	rate	NOUN
fbem-8484	141	29	pricing	pricing	NOUN
fbem-8484	141	30	and	and	CCONJ
fbem-8484	141	31	the	the	DET
fbem-8484	141	32	improvement	improvement	NOUN
fbem-8484	141	33	of	of	ADP
fbem-8484	141	34	the	the	DET
fbem-8484	141	35	lpr	lpr	PROPN
fbem-8484	141	36	quotation	quotation	NOUN
fbem-8484	141	37	mechanism	mechanism	NOUN
fbem-8484	141	38	,	,	PUNCT
fbem-8484	141	39	which	which	PRON
fbem-8484	141	40	led	lead	VERB
fbem-8484	141	41	to	to	ADP
fbem-8484	141	42	the	the	DET
fbem-8484	141	43	intensification	intensification	NOUN
fbem-8484	141	44	of	of	ADP
fbem-8484	141	45	the	the	DET
fbem-8484	141	46	competition	competition	NOUN
fbem-8484	141	47	among	among	ADP
fbem-8484	141	48	commercial	commercial	ADJ
fbem-8484	141	49	banks	bank	NOUN
fbem-8484	141	50	inappropriately	inappropriately	ADV
fbem-8484	141	51	.	.	PUNCT
fbem-8484	142	1	in	in	ADP
fbem-8484	142	2	a	a	DET
fbem-8484	142	3	study	study	NOUN
fbem-8484	142	4	of	of	ADP
fbem-8484	142	5	commercial	commercial	ADJ
fbem-8484	142	6	banks	bank	NOUN
fbem-8484	142	7	from	from	ADP
fbem-8484	142	8	2003	2003	NUM
fbem-8484	142	9	-	-	SYM
fbem-8484	142	10	2014	2014	NUM
fbem-8484	142	11	by	by	ADP
fbem-8484	142	12	jiangang	jiangang	PROPN
fbem-8484	142	13	peng	peng	PROPN
fbem-8484	143	1	[	[	X
fbem-8484	143	2	5	5	NUM
fbem-8484	143	3	]	]	PUNCT
fbem-8484	143	4	,	,	PUNCT
fbem-8484	143	5	the	the	DET
fbem-8484	143	6	squared	squared	ADJ
fbem-8484	143	7	term	term	NOUN
fbem-8484	143	8	of	of	ADP
fbem-8484	143	9	the	the	DET
fbem-8484	143	10	interest	interest	NOUN
fbem-8484	143	11	rate	rate	NOUN
fbem-8484	143	12	liberalization	liberalization	NOUN
fbem-8484	143	13	index	index	NOUN
fbem-8484	143	14	,	,	PUNCT
fbem-8484	143	15	irl2	irl2	PROPN
fbem-8484	143	16	,	,	PUNCT
fbem-8484	143	17	was	be	AUX
fbem-8484	143	18	added	add	VERB
fbem-8484	143	19	in	in	ADP
fbem-8484	143	20	the	the	DET
fbem-8484	143	21	model	model	NOUN
fbem-8484	143	22	and	and	CCONJ
fbem-8484	143	23	pointed	point	VERB
fbem-8484	143	24	out	out	ADP
fbem-8484	143	25	that	that	SCONJ
fbem-8484	143	26	bank	bank	NOUN
fbem-8484	143	27	interest	interest	NOUN
fbem-8484	143	28	margins	margin	NOUN
fbem-8484	143	29	are	be	AUX
fbem-8484	143	30	not	not	PART
fbem-8484	143	31	linearly	linearly	ADV
fbem-8484	143	32	related	relate	VERB
fbem-8484	143	33	to	to	ADP
fbem-8484	143	34	the	the	DET
fbem-8484	143	35	degree	degree	NOUN
fbem-8484	143	36	of	of	ADP
fbem-8484	143	37	interest	interest	NOUN
fbem-8484	143	38	rate	rate	NOUN
fbem-8484	143	39	liberalization	liberalization	NOUN
fbem-8484	143	40	,	,	PUNCT
fbem-8484	143	41	but	but	CCONJ
fbem-8484	143	42	rather	rather	ADV
fbem-8484	143	43	in	in	ADP
fbem-8484	143	44	an	an	DET
fbem-8484	143	45	inverted	inverted	ADJ
fbem-8484	143	46	u	u	NOUN
fbem-8484	143	47	-	-	NOUN
fbem-8484	143	48	shape	shape	NOUN
fbem-8484	143	49	.	.	PUNCT
fbem-8484	144	1	we	we	PRON
fbem-8484	144	2	likewise	likewise	ADV
fbem-8484	144	3	attempted	attempt	VERB
fbem-8484	144	4	a	a	DET
fbem-8484	144	5	regression	regression	NOUN
fbem-8484	144	6	with	with	ADP
fbem-8484	144	7	the	the	DET
fbem-8484	144	8	inclusion	inclusion	NOUN
fbem-8484	144	9	of	of	ADP
fbem-8484	144	10	irl2	irl2	NOUN
fbem-8484	144	11	and	and	CCONJ
fbem-8484	144	12	found	find	VERB
fbem-8484	144	13	that	that	SCONJ
fbem-8484	144	14	both	both	DET
fbem-8484	144	15	irl	irl	NOUN
fbem-8484	144	16	and	and	CCONJ
fbem-8484	144	17	irl2	irl2	NOUN
fbem-8484	144	18	are	be	AUX
fbem-8484	144	19	insignificant	insignificant	ADJ
fbem-8484	144	20	at	at	ADP
fbem-8484	144	21	10	10	NUM
fbem-8484	144	22	%	%	NOUN
fbem-8484	144	23	,	,	PUNCT
fbem-8484	144	24	with	with	ADP
fbem-8484	144	25	p	p	NOUN
fbem-8484	144	26	-	-	PUNCT
fbem-8484	144	27	values	value	NOUN
fbem-8484	144	28	of	of	ADP
fbem-8484	144	29	0.1093	0.1093	NUM
fbem-8484	144	30	and	and	CCONJ
fbem-8484	144	31	0.4123	0.4123	NUM
fbem-8484	144	32	,	,	PUNCT
fbem-8484	144	33	respectively	respectively	ADV
fbem-8484	144	34	.	.	PUNCT
fbem-8484	145	1	this	this	DET
fbem-8484	145	2	result	result	NOUN
fbem-8484	145	3	is	be	AUX
fbem-8484	145	4	due	due	ADJ
fbem-8484	145	5	to	to	ADP
fbem-8484	145	6	the	the	DET
fbem-8484	145	7	fact	fact	NOUN
fbem-8484	145	8	that	that	SCONJ
fbem-8484	145	9	peng	peng	PROPN
fbem-8484	145	10	[	[	X
fbem-8484	145	11	5	5	NUM
fbem-8484	145	12	]	]	PUNCT
fbem-8484	145	13	ultimately	ultimately	ADV
fbem-8484	145	14	concludes	conclude	VERB
fbem-8484	145	15	that	that	SCONJ
fbem-8484	145	16	the	the	DET
fbem-8484	145	17	inverted	invert	VERB
fbem-8484	145	18	u	u	NOUN
fbem-8484	145	19	-	-	ADJ
fbem-8484	145	20	shaped	shape	VERB
fbem-8484	145	21	relationship	relationship	NOUN
fbem-8484	145	22	is	be	AUX
fbem-8484	145	23	based	base	VERB
fbem-8484	145	24	on	on	ADP
fbem-8484	145	25	the	the	DET
fbem-8484	145	26	gradual	gradual	ADJ
fbem-8484	145	27	model	model	NOUN
fbem-8484	145	28	of	of	ADP
fbem-8484	145	29	"	"	PUNCT
fbem-8484	145	30	loans	loan	NOUN
fbem-8484	145	31	before	before	ADP
fbem-8484	145	32	deposits	deposit	NOUN
fbem-8484	145	33	"	"	PUNCT
fbem-8484	145	34	that	that	PRON
fbem-8484	145	35	was	be	AUX
fbem-8484	145	36	followed	follow	VERB
fbem-8484	145	37	during	during	ADP
fbem-8484	145	38	the	the	DET
fbem-8484	145	39	interest	interest	NOUN
fbem-8484	145	40	rate	rate	NOUN
fbem-8484	145	41	liberalization	liberalization	NOUN
fbem-8484	145	42	reform	reform	NOUN
fbem-8484	145	43	in	in	ADP
fbem-8484	145	44	china	china	PROPN
fbem-8484	145	45	from	from	ADP
fbem-8484	145	46	2003	2003	NUM
fbem-8484	145	47	to	to	ADP
fbem-8484	145	48	2013	2013	NUM
fbem-8484	145	49	,	,	PUNCT
fbem-8484	145	50	which	which	PRON
fbem-8484	145	51	gave	give	VERB
fbem-8484	145	52	commercial	commercial	ADJ
fbem-8484	145	53	banks	bank	NOUN
fbem-8484	145	54	the	the	DET
fbem-8484	145	55	opportunity	opportunity	NOUN
fbem-8484	145	56	to	to	PART
fbem-8484	145	57	price	price	VERB
fbem-8484	145	58	their	their	PRON
fbem-8484	145	59	loans	loan	NOUN
fbem-8484	145	60	autonomously	autonomously	ADV
fbem-8484	145	61	.	.	PUNCT
fbem-8484	146	1	so	so	ADV
fbem-8484	146	2	commercial	commercial	ADJ
fbem-8484	146	3	banks	bank	NOUN
fbem-8484	146	4	obtained	obtain	VERB
fbem-8484	146	5	excess	excess	ADJ
fbem-8484	146	6	spreads	spread	NOUN
fbem-8484	146	7	above	above	ADP
fbem-8484	146	8	the	the	DET
fbem-8484	146	9	benchmark	benchmark	NOUN
fbem-8484	146	10	spreads	spread	NOUN
fbem-8484	146	11	by	by	ADP
fbem-8484	146	12	increasing	increase	VERB
fbem-8484	146	13	their	their	PRON
fbem-8484	146	14	lending	lending	NOUN
fbem-8484	146	15	rates	rate	NOUN
fbem-8484	146	16	,	,	PUNCT
fbem-8484	146	17	which	which	PRON
fbem-8484	146	18	led	lead	VERB
fbem-8484	146	19	to	to	ADP
fbem-8484	146	20	an	an	DET
fbem-8484	146	21	inverted	inverted	ADJ
fbem-8484	146	22	ushaped	ushaped	ADJ
fbem-8484	146	23	relationship	relationship	NOUN
fbem-8484	146	24	in	in	ADP
fbem-8484	146	25	which	which	PRON
fbem-8484	146	26	bank	bank	NOUN
fbem-8484	146	27	spreads	spread	VERB
fbem-8484	146	28	rose	rise	VERB
fbem-8484	146	29	and	and	CCONJ
fbem-8484	146	30	then	then	ADV
fbem-8484	146	31	fell	fall	VERB
fbem-8484	146	32	.	.	PUNCT
fbem-8484	147	1	however	however	ADV
fbem-8484	147	2	,	,	PUNCT
fbem-8484	147	3	during	during	ADP
fbem-8484	147	4	the	the	DET
fbem-8484	147	5	period	period	NOUN
fbem-8484	147	6	2013	2013	NUM
fbem-8484	147	7	-	-	SYM
fbem-8484	147	8	2022	2022	NUM
fbem-8484	147	9	studied	study	VERB
fbem-8484	147	10	in	in	ADP
fbem-8484	147	11	this	this	DET
fbem-8484	147	12	paper	paper	NOUN
fbem-8484	147	13	,	,	PUNCT
fbem-8484	147	14	the	the	DET
fbem-8484	147	15	liberalization	liberalization	NOUN
fbem-8484	147	16	of	of	ADP
fbem-8484	147	17	lending	lending	NOUN
fbem-8484	147	18	rates	rate	NOUN
fbem-8484	147	19	has	have	AUX
fbem-8484	147	20	been	be	AUX
fbem-8484	147	21	completed	complete	VERB
fbem-8484	147	22	,	,	PUNCT
fbem-8484	147	23	and	and	CCONJ
fbem-8484	147	24	commercial	commercial	ADJ
fbem-8484	147	25	banks	bank	NOUN
fbem-8484	147	26	can	can	AUX
fbem-8484	147	27	no	no	ADV
fbem-8484	147	28	longer	long	ADV
fbem-8484	147	29	obtain	obtain	VERB
fbem-8484	147	30	spreads	spread	NOUN
fbem-8484	147	31	in	in	ADP
fbem-8484	147	32	the	the	DET
fbem-8484	147	33	competitive	competitive	ADJ
fbem-8484	147	34	market	market	NOUN
fbem-8484	147	35	by	by	ADP
fbem-8484	147	36	raising	raise	VERB
fbem-8484	147	37	lending	lending	NOUN
fbem-8484	147	38	rates	rate	NOUN
fbem-8484	147	39	as	as	ADP
fbem-8484	147	40	a	a	DET
fbem-8484	147	41	result	result	NOUN
fbem-8484	147	42	of	of	ADP
fbem-8484	147	43	the	the	DET
fbem-8484	147	44	reform	reform	NOUN
fbem-8484	147	45	,	,	PUNCT
fbem-8484	147	46	while	while	SCONJ
fbem-8484	147	47	the	the	DET
fbem-8484	147	48	liberalized	liberalize	VERB
fbem-8484	147	49	deposit	deposit	NOUN
fbem-8484	147	50	rates	rate	NOUN
fbem-8484	147	51	will	will	AUX
fbem-8484	147	52	lead	lead	VERB
fbem-8484	147	53	to	to	ADP
fbem-8484	147	54	a	a	DET
fbem-8484	147	55	narrowing	narrowing	NOUN
fbem-8484	147	56	of	of	ADP
fbem-8484	147	57	bank	bank	NOUN
fbem-8484	147	58	spreads	spread	NOUN
fbem-8484	147	59	in	in	ADP
fbem-8484	147	60	the	the	DET
fbem-8484	147	61	fierce	fierce	ADJ
fbem-8484	147	62	competition	competition	NOUN
fbem-8484	147	63	,	,	PUNCT
fbem-8484	147	64	so	so	CCONJ
fbem-8484	147	65	the	the	DET
fbem-8484	147	66	negative	negative	ADJ
fbem-8484	147	67	linear	linear	PROPN
fbem-8484	147	68	relationship	relationship	NOUN
fbem-8484	147	69	obtained	obtain	VERB
fbem-8484	147	70	in	in	ADP
fbem-8484	147	71	this	this	DET
fbem-8484	147	72	paper	paper	NOUN
fbem-8484	147	73	is	be	AUX
fbem-8484	147	74	consistent	consistent	ADJ
fbem-8484	147	75	with	with	ADP
fbem-8484	147	76	the	the	DET
fbem-8484	147	77	theoretical	theoretical	ADJ
fbem-8484	147	78	results	result	NOUN
fbem-8484	147	79	and	and	CCONJ
fbem-8484	147	80	is	be	AUX
fbem-8484	147	81	an	an	DET
fbem-8484	147	82	innovation	innovation	NOUN
fbem-8484	147	83	and	and	CCONJ
fbem-8484	147	84	continuation	continuation	NOUN
fbem-8484	147	85	of	of	ADP
fbem-8484	147	86	the	the	DET
fbem-8484	147	87	previous	previous	ADJ
fbem-8484	147	88	results	result	NOUN
fbem-8484	147	89	.	.	PUNCT
fbem-8484	148	1	in	in	ADP
fbem-8484	148	2	addition	addition	NOUN
fbem-8484	148	3	,	,	PUNCT
fbem-8484	148	4	all	all	DET
fbem-8484	148	5	independent	independent	ADJ
fbem-8484	148	6	variables	variable	NOUN
fbem-8484	148	7	except	except	SCONJ
fbem-8484	148	8	for	for	ADP
fbem-8484	148	9	operating	operating	NOUN
fbem-8484	148	10	costs	cost	NOUN
fbem-8484	148	11	and	and	CCONJ
fbem-8484	148	12	gdp	gdp	NOUN
fbem-8484	148	13	growth	growth	NOUN
fbem-8484	148	14	rate	rate	NOUN
fbem-8484	148	15	have	have	VERB
fbem-8484	148	16	a	a	DET
fbem-8484	148	17	significant	significant	ADJ
fbem-8484	148	18	effect	effect	NOUN
fbem-8484	148	19	on	on	ADP
fbem-8484	148	20	bank	bank	NOUN
fbem-8484	148	21	spreads	spread	NOUN
fbem-8484	148	22	.	.	PUNCT
fbem-8484	149	1	among	among	ADP
fbem-8484	149	2	them	they	PRON
fbem-8484	149	3	,	,	PUNCT
fbem-8484	149	4	the	the	DET
fbem-8484	149	5	coefficient	coefficient	NOUN
fbem-8484	149	6	of	of	ADP
fbem-8484	149	7	risk	risk	NOUN
fbem-8484	149	8	aversion	aversion	NOUN
fbem-8484	149	9	(	(	PUNCT
fbem-8484	149	10	eta	eta	NOUN
fbem-8484	149	11	)	)	PUNCT
fbem-8484	149	12	is	be	AUX
fbem-8484	149	13	0.0636	0.0636	NUM
fbem-8484	149	14	and	and	CCONJ
fbem-8484	149	15	is	be	AUX
fbem-8484	149	16	significant	significant	ADJ
fbem-8484	149	17	at	at	ADP
fbem-8484	149	18	the	the	DET
fbem-8484	149	19	1	1	NUM
fbem-8484	149	20	%	%	NOUN
fbem-8484	149	21	level	level	NOUN
fbem-8484	149	22	,	,	PUNCT
fbem-8484	149	23	which	which	PRON
fbem-8484	149	24	indicates	indicate	VERB
fbem-8484	149	25	that	that	SCONJ
fbem-8484	149	26	commercial	commercial	ADJ
fbem-8484	149	27	banks	bank	NOUN
fbem-8484	149	28	,	,	PUNCT
fbem-8484	149	29	out	out	ADP
fbem-8484	149	30	of	of	ADP
fbem-8484	149	31	risk	risk	NOUN
fbem-8484	149	32	aversion	aversion	NOUN
fbem-8484	149	33	preference	preference	NOUN
fbem-8484	149	34	,	,	PUNCT
fbem-8484	149	35	require	require	VERB
fbem-8484	149	36	greater	great	ADJ
fbem-8484	149	37	compensation	compensation	NOUN
fbem-8484	149	38	for	for	ADP
fbem-8484	149	39	greater	great	ADJ
fbem-8484	149	40	risks	risk	NOUN
fbem-8484	149	41	,	,	PUNCT
fbem-8484	149	42	higher	high	ADJ
fbem-8484	149	43	loan	loan	NOUN
fbem-8484	149	44	138	138	NUM
fbem-8484	149	45	pricing	pricing	NOUN
fbem-8484	149	46	and	and	CCONJ
fbem-8484	149	47	consequently	consequently	ADV
fbem-8484	149	48	higher	high	ADJ
fbem-8484	149	49	spreads	spread	NOUN
fbem-8484	149	50	,	,	PUNCT
fbem-8484	149	51	and	and	CCONJ
fbem-8484	149	52	the	the	DET
fbem-8484	149	53	empirical	empirical	ADJ
fbem-8484	149	54	results	result	NOUN
fbem-8484	149	55	are	be	AUX
fbem-8484	149	56	consistent	consistent	ADJ
fbem-8484	149	57	with	with	ADP
fbem-8484	149	58	the	the	DET
fbem-8484	149	59	theory	theory	NOUN
fbem-8484	149	60	.	.	PUNCT
fbem-8484	150	1	the	the	DET
fbem-8484	150	2	coefficient	coefficient	NOUN
fbem-8484	150	3	of	of	ADP
fbem-8484	150	4	scale	scale	NOUN
fbem-8484	150	5	of	of	ADP
fbem-8484	150	6	operations	operation	NOUN
fbem-8484	150	7	(	(	PUNCT
fbem-8484	150	8	lnlo	lnlo	ADJ
fbem-8484	150	9	)	)	PUNCT
fbem-8484	150	10	is	be	AUX
fbem-8484	150	11	0.3763	0.3763	NUM
fbem-8484	150	12	and	and	CCONJ
fbem-8484	150	13	significant	significant	ADJ
fbem-8484	150	14	at	at	ADP
fbem-8484	150	15	the	the	DET
fbem-8484	150	16	1	1	NUM
fbem-8484	150	17	%	%	NOUN
fbem-8484	150	18	level	level	NOUN
fbem-8484	150	19	,	,	PUNCT
fbem-8484	150	20	indicating	indicate	VERB
fbem-8484	150	21	that	that	SCONJ
fbem-8484	150	22	the	the	PRON
fbem-8484	150	23	larger	large	ADJ
fbem-8484	150	24	the	the	DET
fbem-8484	150	25	loan	loan	NOUN
fbem-8484	150	26	size	size	NOUN
fbem-8484	150	27	,	,	PUNCT
fbem-8484	150	28	the	the	PRON
fbem-8484	150	29	greater	great	ADJ
fbem-8484	150	30	the	the	DET
fbem-8484	150	31	potential	potential	ADJ
fbem-8484	150	32	loss	loss	NOUN
fbem-8484	150	33	faced	face	VERB
fbem-8484	150	34	,	,	PUNCT
fbem-8484	150	35	and	and	CCONJ
fbem-8484	150	36	therefore	therefore	ADV
fbem-8484	150	37	the	the	DET
fbem-8484	150	38	higher	high	ADJ
fbem-8484	150	39	interest	interest	NOUN
fbem-8484	150	40	margin	margin	NOUN
fbem-8484	150	41	is	be	AUX
fbem-8484	150	42	needed	need	VERB
fbem-8484	150	43	as	as	ADP
fbem-8484	150	44	compensation	compensation	NOUN
fbem-8484	150	45	,	,	PUNCT
fbem-8484	150	46	which	which	PRON
fbem-8484	150	47	is	be	AUX
fbem-8484	150	48	consistent	consistent	ADJ
fbem-8484	150	49	with	with	ADP
fbem-8484	150	50	the	the	DET
fbem-8484	150	51	theoretical	theoretical	ADJ
fbem-8484	150	52	results	result	NOUN
fbem-8484	150	53	.	.	PUNCT
fbem-8484	151	1	the	the	DET
fbem-8484	151	2	coefficient	coefficient	NOUN
fbem-8484	151	3	of	of	ADP
fbem-8484	151	4	intermediate	intermediate	ADJ
fbem-8484	151	5	business	business	NOUN
fbem-8484	151	6	income	income	NOUN
fbem-8484	151	7	(	(	PUNCT
fbem-8484	151	8	nii	nii	PROPN
fbem-8484	151	9	)	)	PUNCT
fbem-8484	151	10	is	be	AUX
fbem-8484	151	11	negatively	negatively	ADV
fbem-8484	151	12	correlated	correlate	VERB
fbem-8484	151	13	with	with	ADP
fbem-8484	151	14	the	the	DET
fbem-8484	151	15	spread	spread	NOUN
fbem-8484	151	16	,	,	PUNCT
fbem-8484	151	17	with	with	ADP
fbem-8484	151	18	a	a	DET
fbem-8484	151	19	coefficient	coefficient	NOUN
fbem-8484	151	20	of	of	ADP
fbem-8484	151	21	-0.0211	-0.0211	NOUN
fbem-8484	151	22	and	and	CCONJ
fbem-8484	151	23	significant	significant	ADJ
fbem-8484	151	24	at	at	ADP
fbem-8484	151	25	the	the	DET
fbem-8484	151	26	1	1	NUM
fbem-8484	151	27	%	%	NOUN
fbem-8484	151	28	level	level	NOUN
fbem-8484	151	29	,	,	PUNCT
fbem-8484	151	30	indicating	indicate	VERB
fbem-8484	151	31	that	that	SCONJ
fbem-8484	151	32	the	the	DET
fbem-8484	151	33	more	more	ADV
fbem-8484	151	34	intermediate	intermediate	ADJ
fbem-8484	151	35	business	business	NOUN
fbem-8484	151	36	a	a	DET
fbem-8484	151	37	bank	bank	NOUN
fbem-8484	151	38	has	have	VERB
fbem-8484	151	39	,	,	PUNCT
fbem-8484	151	40	the	the	PRON
fbem-8484	151	41	more	more	ADV
fbem-8484	151	42	diversified	diversified	ADJ
fbem-8484	151	43	it	it	PRON
fbem-8484	151	44	is	be	AUX
fbem-8484	151	45	,	,	PUNCT
fbem-8484	151	46	the	the	PRON
fbem-8484	151	47	wider	wide	ADJ
fbem-8484	151	48	the	the	DET
fbem-8484	151	49	source	source	NOUN
fbem-8484	151	50	of	of	ADP
fbem-8484	151	51	income	income	NOUN
fbem-8484	151	52	,	,	PUNCT
fbem-8484	151	53	the	the	PRON
fbem-8484	151	54	lower	low	ADJ
fbem-8484	151	55	the	the	DET
fbem-8484	151	56	need	need	NOUN
fbem-8484	151	57	for	for	ADP
fbem-8484	151	58	spread	spread	NOUN
fbem-8484	151	59	,	,	PUNCT
fbem-8484	151	60	and	and	CCONJ
fbem-8484	151	61	the	the	DET
fbem-8484	151	62	interest	interest	NOUN
fbem-8484	151	63	margin	margin	NOUN
fbem-8484	151	64	will	will	AUX
fbem-8484	151	65	be	be	AUX
fbem-8484	151	66	relatively	relatively	ADV
fbem-8484	151	67	lower	low	ADJ
fbem-8484	151	68	.	.	PUNCT
fbem-8484	152	1	the	the	DET
fbem-8484	152	2	degree	degree	NOUN
fbem-8484	152	3	of	of	ADP
fbem-8484	152	4	market	market	NOUN
fbem-8484	152	5	concentration	concentration	NOUN
fbem-8484	152	6	(	(	PUNCT
fbem-8484	152	7	hii	hii	PROPN
fbem-8484	152	8	)	)	PUNCT
fbem-8484	152	9	is	be	AUX
fbem-8484	152	10	positively	positively	ADV
fbem-8484	152	11	related	relate	VERB
fbem-8484	152	12	to	to	ADP
fbem-8484	152	13	interest	interest	NOUN
fbem-8484	152	14	margins	margin	NOUN
fbem-8484	152	15	with	with	ADP
fbem-8484	152	16	a	a	DET
fbem-8484	152	17	coefficient	coefficient	NOUN
fbem-8484	152	18	of	of	ADP
fbem-8484	152	19	24.2365	24.2365	NUM
fbem-8484	152	20	,	,	PUNCT
fbem-8484	152	21	which	which	PRON
fbem-8484	152	22	is	be	AUX
fbem-8484	152	23	significant	significant	ADJ
fbem-8484	152	24	at	at	ADP
fbem-8484	152	25	the	the	DET
fbem-8484	152	26	1	1	NUM
fbem-8484	152	27	%	%	NOUN
fbem-8484	152	28	level	level	NOUN
fbem-8484	152	29	,	,	PUNCT
fbem-8484	152	30	implying	imply	VERB
fbem-8484	152	31	that	that	SCONJ
fbem-8484	152	32	the	the	PRON
fbem-8484	152	33	stronger	strong	ADJ
fbem-8484	152	34	the	the	DET
fbem-8484	152	35	concentration	concentration	NOUN
fbem-8484	152	36	of	of	ADP
fbem-8484	152	37	the	the	DET
fbem-8484	152	38	market	market	NOUN
fbem-8484	152	39	,	,	PUNCT
fbem-8484	152	40	the	the	PRON
fbem-8484	152	41	stronger	strong	ADJ
fbem-8484	152	42	the	the	DET
fbem-8484	152	43	bargaining	bargaining	NOUN
fbem-8484	152	44	power	power	NOUN
fbem-8484	152	45	in	in	ADP
fbem-8484	152	46	the	the	DET
fbem-8484	152	47	market	market	NOUN
fbem-8484	152	48	,	,	PUNCT
fbem-8484	152	49	which	which	PRON
fbem-8484	152	50	is	be	AUX
fbem-8484	152	51	more	more	ADV
fbem-8484	152	52	conducive	conducive	ADJ
fbem-8484	152	53	to	to	ADP
fbem-8484	152	54	higher	high	ADJ
fbem-8484	152	55	interest	interest	NOUN
fbem-8484	152	56	margins	margin	NOUN
fbem-8484	152	57	,	,	PUNCT
fbem-8484	152	58	in	in	ADP
fbem-8484	152	59	line	line	NOUN
fbem-8484	152	60	with	with	ADP
fbem-8484	152	61	theoretical	theoretical	ADJ
fbem-8484	152	62	expectations	expectation	NOUN
fbem-8484	152	63	.	.	PUNCT
fbem-8484	153	1	in	in	ADP
fbem-8484	153	2	peng	peng	PROPN
fbem-8484	153	3	’s	’s	PART
fbem-8484	153	4	study	study	NOUN
fbem-8484	153	5	[	[	X
fbem-8484	153	6	5	5	NUM
fbem-8484	153	7	]	]	PUNCT
fbem-8484	153	8	,	,	PUNCT
fbem-8484	153	9	the	the	DET
fbem-8484	153	10	coefficient	coefficient	NOUN
fbem-8484	153	11	of	of	ADP
fbem-8484	153	12	money	money	NOUN
fbem-8484	153	13	supply	supply	NOUN
fbem-8484	153	14	is	be	AUX
fbem-8484	153	15	positive	positive	ADJ
fbem-8484	153	16	but	but	CCONJ
fbem-8484	153	17	insignificant	insignificant	ADJ
fbem-8484	153	18	,	,	PUNCT
fbem-8484	153	19	which	which	PRON
fbem-8484	153	20	is	be	AUX
fbem-8484	153	21	not	not	PART
fbem-8484	153	22	consistent	consistent	ADJ
fbem-8484	153	23	with	with	ADP
fbem-8484	153	24	theoretical	theoretical	ADJ
fbem-8484	153	25	expectations	expectation	NOUN
fbem-8484	153	26	,	,	PUNCT
fbem-8484	153	27	and	and	CCONJ
fbem-8484	153	28	the	the	DET
fbem-8484	153	29	explanation	explanation	NOUN
fbem-8484	153	30	is	be	AUX
fbem-8484	153	31	that	that	SCONJ
fbem-8484	153	32	china	china	PROPN
fbem-8484	153	33	's	's	PART
fbem-8484	153	34	interest	interest	NOUN
fbem-8484	153	35	rate	rate	NOUN
fbem-8484	153	36	formation	formation	NOUN
fbem-8484	153	37	mechanism	mechanism	NOUN
fbem-8484	153	38	is	be	AUX
fbem-8484	153	39	still	still	ADV
fbem-8484	153	40	not	not	PART
fbem-8484	153	41	liberalized	liberalize	VERB
fbem-8484	153	42	enough	enough	ADV
fbem-8484	153	43	and	and	CCONJ
fbem-8484	153	44	the	the	DET
fbem-8484	153	45	interest	interest	NOUN
fbem-8484	153	46	rate	rate	NOUN
fbem-8484	153	47	liberalization	liberalization	NOUN
fbem-8484	153	48	reform	reform	NOUN
fbem-8484	153	49	needs	need	VERB
fbem-8484	153	50	to	to	PART
fbem-8484	153	51	be	be	AUX
fbem-8484	153	52	strengthened	strengthen	VERB
fbem-8484	153	53	,	,	PUNCT
fbem-8484	153	54	while	while	SCONJ
fbem-8484	153	55	the	the	DET
fbem-8484	153	56	coefficient	coefficient	NOUN
fbem-8484	153	57	of	of	ADP
fbem-8484	153	58	money	money	NOUN
fbem-8484	153	59	supply	supply	NOUN
fbem-8484	153	60	growth	growth	NOUN
fbem-8484	153	61	(	(	PUNCT
fbem-8484	153	62	m2	m2	PROPN
fbem-8484	153	63	)	)	PUNCT
fbem-8484	153	64	in	in	ADP
fbem-8484	153	65	this	this	DET
fbem-8484	153	66	study	study	NOUN
fbem-8484	153	67	is	be	AUX
fbem-8484	153	68	0.0260	0.0260	NUM
fbem-8484	153	69	and	and	CCONJ
fbem-8484	153	70	significant	significant	ADJ
fbem-8484	153	71	at	at	ADP
fbem-8484	153	72	the	the	DET
fbem-8484	153	73	1	1	NUM
fbem-8484	153	74	%	%	NOUN
fbem-8484	153	75	level	level	NOUN
fbem-8484	153	76	,	,	PUNCT
fbem-8484	153	77	which	which	PRON
fbem-8484	153	78	indicates	indicate	VERB
fbem-8484	153	79	that	that	SCONJ
fbem-8484	153	80	the	the	DET
fbem-8484	153	81	degree	degree	NOUN
fbem-8484	153	82	of	of	ADP
fbem-8484	153	83	interest	interest	NOUN
fbem-8484	153	84	rate	rate	NOUN
fbem-8484	153	85	marketization	marketization	NOUN
fbem-8484	153	86	in	in	ADP
fbem-8484	153	87	china	china	PROPN
fbem-8484	153	88	has	have	AUX
fbem-8484	153	89	been	be	AUX
fbem-8484	153	90	greatly	greatly	ADV
fbem-8484	153	91	improved	improve	VERB
fbem-8484	153	92	compared	compare	VERB
fbem-8484	153	93	with	with	ADP
fbem-8484	153	94	that	that	PRON
fbem-8484	153	95	of	of	ADP
fbem-8484	153	96	10	10	NUM
fbem-8484	153	97	years	year	NOUN
fbem-8484	153	98	ago	ago	ADV
fbem-8484	153	99	,	,	PUNCT
fbem-8484	153	100	and	and	CCONJ
fbem-8484	153	101	the	the	DET
fbem-8484	153	102	interest	interest	NOUN
fbem-8484	153	103	rate	rate	NOUN
fbem-8484	153	104	formation	formation	NOUN
fbem-8484	153	105	mechanism	mechanism	NOUN
fbem-8484	153	106	has	have	AUX
fbem-8484	153	107	been	be	AUX
fbem-8484	153	108	liberalized	liberalize	VERB
fbem-8484	153	109	and	and	CCONJ
fbem-8484	153	110	perfected	perfect	VERB
fbem-8484	153	111	,	,	PUNCT
fbem-8484	153	112	resulting	result	VERB
fbem-8484	153	113	in	in	ADP
fbem-8484	153	114	the	the	DET
fbem-8484	153	115	final	final	ADJ
fbem-8484	153	116	research	research	NOUN
fbem-8484	153	117	results	result	NOUN
fbem-8484	153	118	in	in	ADP
fbem-8484	153	119	line	line	NOUN
fbem-8484	153	120	with	with	ADP
fbem-8484	153	121	theoretical	theoretical	ADJ
fbem-8484	153	122	expectations	expectation	NOUN
fbem-8484	153	123	.	.	PUNCT
fbem-8484	154	1	finally	finally	ADV
fbem-8484	154	2	,	,	PUNCT
fbem-8484	154	3	the	the	DET
fbem-8484	154	4	coefficients	coefficient	NOUN
fbem-8484	154	5	of	of	ADP
fbem-8484	154	6	two	two	NUM
fbem-8484	154	7	variables	variable	NOUN
fbem-8484	154	8	,	,	PUNCT
fbem-8484	154	9	operating	operate	VERB
fbem-8484	154	10	cost	cost	NOUN
fbem-8484	154	11	and	and	CCONJ
fbem-8484	154	12	gdp	gdp	NOUN
fbem-8484	154	13	growth	growth	NOUN
fbem-8484	154	14	rate	rate	NOUN
fbem-8484	154	15	,	,	PUNCT
fbem-8484	154	16	are	be	AUX
fbem-8484	154	17	positive	positive	ADJ
fbem-8484	154	18	but	but	CCONJ
fbem-8484	154	19	insignificant	insignificant	ADJ
fbem-8484	154	20	.	.	PUNCT
fbem-8484	155	1	the	the	DET
fbem-8484	155	2	nonsignificant	nonsignificant	ADJ
fbem-8484	155	3	coefficient	coefficient	NOUN
fbem-8484	155	4	of	of	ADP
fbem-8484	155	5	cost	cost	NOUN
fbem-8484	155	6	of	of	ADP
fbem-8484	155	7	operations	operation	NOUN
fbem-8484	155	8	(	(	PUNCT
fbem-8484	155	9	cost	cost	NOUN
fbem-8484	155	10	)	)	PUNCT
fbem-8484	155	11	shows	show	VERB
fbem-8484	155	12	that	that	SCONJ
fbem-8484	155	13	larger	large	ADJ
fbem-8484	155	14	operating	operating	NOUN
fbem-8484	155	15	costs	cost	NOUN
fbem-8484	155	16	do	do	AUX
fbem-8484	155	17	not	not	PART
fbem-8484	155	18	necessarily	necessarily	ADV
fbem-8484	155	19	lead	lead	VERB
fbem-8484	155	20	to	to	ADP
fbem-8484	155	21	higher	high	ADJ
fbem-8484	155	22	interest	interest	NOUN
fbem-8484	155	23	margins	margin	NOUN
fbem-8484	155	24	to	to	PART
fbem-8484	155	25	compensate	compensate	VERB
fbem-8484	155	26	for	for	ADP
fbem-8484	155	27	expenses	expense	NOUN
fbem-8484	155	28	,	,	PUNCT
fbem-8484	155	29	and	and	CCONJ
fbem-8484	155	30	interest	interest	NOUN
fbem-8484	155	31	rates	rate	NOUN
fbem-8484	155	32	are	be	AUX
fbem-8484	155	33	not	not	PART
fbem-8484	155	34	significantly	significantly	ADV
fbem-8484	155	35	affected	affect	VERB
fbem-8484	155	36	by	by	ADP
fbem-8484	155	37	operating	operate	VERB
fbem-8484	155	38	expenses	expense	NOUN
fbem-8484	155	39	.	.	PUNCT
fbem-8484	156	1	the	the	DET
fbem-8484	156	2	insignificant	insignificant	ADJ
fbem-8484	156	3	coefficient	coefficient	NOUN
fbem-8484	156	4	of	of	ADP
fbem-8484	156	5	gdp	gdp	NOUN
fbem-8484	156	6	growth	growth	NOUN
fbem-8484	156	7	rate	rate	NOUN
fbem-8484	156	8	implies	imply	VERB
fbem-8484	156	9	that	that	SCONJ
fbem-8484	156	10	an	an	DET
fbem-8484	156	11	increase	increase	NOUN
fbem-8484	156	12	in	in	ADP
fbem-8484	156	13	gdp	gdp	NOUN
fbem-8484	156	14	growth	growth	NOUN
fbem-8484	156	15	rate	rate	NOUN
fbem-8484	156	16	does	do	AUX
fbem-8484	156	17	not	not	PART
fbem-8484	156	18	have	have	VERB
fbem-8484	156	19	a	a	DET
fbem-8484	156	20	significant	significant	ADJ
fbem-8484	156	21	impact	impact	NOUN
fbem-8484	156	22	on	on	ADP
fbem-8484	156	23	spreads	spread	NOUN
fbem-8484	156	24	,	,	PUNCT
fbem-8484	156	25	which	which	PRON
fbem-8484	156	26	is	be	AUX
fbem-8484	156	27	not	not	PART
fbem-8484	156	28	consistent	consistent	ADJ
fbem-8484	156	29	with	with	ADP
fbem-8484	156	30	theoretical	theoretical	ADJ
fbem-8484	156	31	expectations	expectation	NOUN
fbem-8484	156	32	,	,	PUNCT
fbem-8484	156	33	probably	probably	ADV
fbem-8484	156	34	because	because	SCONJ
fbem-8484	156	35	gdp	gdp	NOUN
fbem-8484	156	36	growth	growth	NOUN
fbem-8484	156	37	rate	rate	NOUN
fbem-8484	156	38	has	have	AUX
fbem-8484	156	39	been	be	AUX
fbem-8484	156	40	gradually	gradually	ADV
fbem-8484	156	41	slowing	slow	VERB
fbem-8484	156	42	down	down	ADP
fbem-8484	156	43	in	in	ADP
fbem-8484	156	44	the	the	DET
fbem-8484	156	45	last	last	ADJ
fbem-8484	156	46	decade	decade	NOUN
fbem-8484	156	47	due	due	ADP
fbem-8484	156	48	to	to	ADP
fbem-8484	156	49	a	a	DET
fbem-8484	156	50	number	number	NOUN
fbem-8484	156	51	of	of	ADP
fbem-8484	156	52	factors	factor	NOUN
fbem-8484	156	53	and	and	CCONJ
fbem-8484	156	54	has	have	AUX
fbem-8484	156	55	been	be	AUX
fbem-8484	156	56	subject	subject	ADJ
fbem-8484	156	57	to	to	ADP
fbem-8484	156	58	great	great	ADJ
fbem-8484	156	59	fluctuations	fluctuation	NOUN
fbem-8484	156	60	due	due	ADP
fbem-8484	156	61	to	to	ADP
fbem-8484	156	62	the	the	DET
fbem-8484	156	63	epidemic	epidemic	NOUN
fbem-8484	156	64	,	,	PUNCT
fbem-8484	156	65	resulting	result	VERB
fbem-8484	156	66	in	in	ADP
fbem-8484	156	67	its	its	PRON
fbem-8484	156	68	failure	failure	NOUN
fbem-8484	156	69	to	to	PART
fbem-8484	156	70	have	have	AUX
fbem-8484	156	71	a	a	DET
fbem-8484	156	72	significant	significant	ADJ
fbem-8484	156	73	impact	impact	NOUN
fbem-8484	156	74	.	.	PUNCT
fbem-8484	157	1	4.2.2	4.2.2	X
fbem-8484	157	2	.	.	PUNCT
fbem-8484	158	1	heterogeneity	heterogeneity	NOUN
fbem-8484	158	2	analysis	analysis	NOUN
fbem-8484	158	3	to	to	PART
fbem-8484	158	4	further	far	ADV
fbem-8484	158	5	justify	justify	VERB
fbem-8484	158	6	the	the	DET
fbem-8484	158	7	results	result	NOUN
fbem-8484	158	8	obtained	obtain	VERB
fbem-8484	158	9	from	from	ADP
fbem-8484	158	10	the	the	DET
fbem-8484	158	11	full	full	ADJ
fbem-8484	158	12	-	-	PUNCT
fbem-8484	158	13	sample	sample	NOUN
fbem-8484	158	14	analysis	analysis	NOUN
fbem-8484	158	15	and	and	CCONJ
fbem-8484	158	16	to	to	PART
fbem-8484	158	17	explore	explore	VERB
fbem-8484	158	18	the	the	DET
fbem-8484	158	19	impact	impact	NOUN
fbem-8484	158	20	of	of	ADP
fbem-8484	158	21	interest	interest	NOUN
fbem-8484	158	22	rate	rate	NOUN
fbem-8484	158	23	marketization	marketization	NOUN
fbem-8484	158	24	on	on	ADP
fbem-8484	158	25	different	different	ADJ
fbem-8484	158	26	types	type	NOUN
fbem-8484	158	27	of	of	ADP
fbem-8484	158	28	banks	bank	NOUN
fbem-8484	158	29	,	,	PUNCT
fbem-8484	158	30	we	we	PRON
fbem-8484	158	31	conducted	conduct	VERB
fbem-8484	158	32	a	a	DET
fbem-8484	158	33	grouped	group	VERB
fbem-8484	158	34	regression	regression	NOUN
fbem-8484	158	35	study	study	NOUN
fbem-8484	158	36	on	on	ADP
fbem-8484	158	37	four	four	NUM
fbem-8484	158	38	types	type	NOUN
fbem-8484	158	39	of	of	ADP
fbem-8484	158	40	banks	bank	NOUN
fbem-8484	158	41	,	,	PUNCT
fbem-8484	158	42	including	include	VERB
fbem-8484	158	43	large	large	ADJ
fbem-8484	158	44	state	state	NOUN
fbem-8484	158	45	-	-	PUNCT
fbem-8484	158	46	owned	own	VERB
fbem-8484	158	47	banks	bank	NOUN
fbem-8484	158	48	,	,	PUNCT
fbem-8484	158	49	joint	joint	ADJ
fbem-8484	158	50	-	-	PUNCT
fbem-8484	158	51	stock	stock	NOUN
fbem-8484	158	52	banks	bank	NOUN
fbem-8484	158	53	,	,	PUNCT
fbem-8484	158	54	urban	urban	ADJ
fbem-8484	158	55	commercial	commercial	ADJ
fbem-8484	158	56	banks	bank	NOUN
fbem-8484	158	57	,	,	PUNCT
fbem-8484	158	58	and	and	CCONJ
fbem-8484	158	59	rural	rural	ADJ
fbem-8484	158	60	commercial	commercial	ADJ
fbem-8484	158	61	banks	bank	NOUN
fbem-8484	158	62	,	,	PUNCT
fbem-8484	158	63	and	and	CCONJ
fbem-8484	158	64	table	table	NOUN
fbem-8484	158	65	5	5	NUM
fbem-8484	158	66	presents	present	VERB
fbem-8484	158	67	the	the	DET
fbem-8484	158	68	regression	regression	NOUN
fbem-8484	158	69	results	result	NOUN
fbem-8484	158	70	for	for	ADP
fbem-8484	158	71	each	each	PRON
fbem-8484	158	72	of	of	ADP
fbem-8484	158	73	the	the	DET
fbem-8484	158	74	four	four	NUM
fbem-8484	158	75	types	type	NOUN
fbem-8484	158	76	of	of	ADP
fbem-8484	158	77	banks	bank	NOUN
fbem-8484	158	78	.	.	PUNCT
fbem-8484	159	1	table	table	NOUN
fbem-8484	159	2	5	5	NUM
fbem-8484	159	3	.	.	PUNCT
fbem-8484	160	1	regression	regression	NOUN
fbem-8484	160	2	results	result	NOUN
fbem-8484	160	3	for	for	ADP
fbem-8484	160	4	different	different	ADJ
fbem-8484	160	5	types	type	NOUN
fbem-8484	160	6	of	of	ADP
fbem-8484	160	7	banks	bank	NOUN
fbem-8484	160	8	(	(	PUNCT
fbem-8484	160	9	1	1	NUM
fbem-8484	160	10	)	)	PUNCT
fbem-8484	160	11	(	(	PUNCT
fbem-8484	160	12	2	2	NUM
fbem-8484	160	13	)	)	PUNCT
fbem-8484	160	14	(	(	PUNCT
fbem-8484	160	15	3	3	X
fbem-8484	160	16	)	)	PUNCT
fbem-8484	160	17	(	(	PUNCT
fbem-8484	160	18	4	4	X
fbem-8484	160	19	)	)	PUNCT
fbem-8484	160	20	coefficient	coefficient	NOUN
fbem-8484	160	21	t	t	PROPN
fbem-8484	160	22	-	-	PUNCT
fbem-8484	160	23	value	value	NOUN
fbem-8484	160	24	coefficient	coefficient	NOUN
fbem-8484	160	25	t	t	PROPN
fbem-8484	160	26	-	-	PUNCT
fbem-8484	160	27	value	value	NOUN
fbem-8484	160	28	coefficient	coefficient	NOUN
fbem-8484	160	29	t	t	PROPN
fbem-8484	160	30	-	-	PUNCT
fbem-8484	160	31	value	value	NOUN
fbem-8484	160	32	coefficient	coefficient	NOUN
fbem-8484	160	33	t	t	NOUN
fbem-8484	160	34	-	-	PUNCT
fbem-8484	160	35	value	value	NOUN
fbem-8484	160	36	_	_	NOUN
fbem-8484	160	37	cons	con	NOUN
fbem-8484	160	38	5.2407	5.2407	NUM
fbem-8484	160	39	(	(	PUNCT
fbem-8484	160	40	4.6434	4.6434	NUM
fbem-8484	160	41	)	)	PUNCT
fbem-8484	160	42	1.13	1.13	NUM
fbem-8484	160	43	11.1917	11.1917	NUM
fbem-8484	160	44	*	*	PUNCT
fbem-8484	160	45	*	*	PUNCT
fbem-8484	160	46	(	(	PUNCT
fbem-8484	160	47	4.6712	4.6712	NUM
fbem-8484	160	48	)	)	PUNCT
fbem-8484	160	49	2.40	2.40	NUM
fbem-8484	160	50	-5.9802	-5.9802	NOUN
fbem-8484	160	51	*	*	PUNCT
fbem-8484	160	52	*	*	PUNCT
fbem-8484	160	53	(	(	PUNCT
fbem-8484	160	54	2.9866	2.9866	NUM
fbem-8484	160	55	)	)	PUNCT
fbem-8484	160	56	-2.00	-2.00	NUM
fbem-8484	160	57	-9.9689	-9.9689	NOUN
fbem-8484	161	1	*	*	PUNCT
fbem-8484	162	1	*	*	PUNCT
fbem-8484	163	1	(	(	PUNCT
fbem-8484	163	2	4.4879	4.4879	NUM
fbem-8484	163	3	)	)	PUNCT
fbem-8484	163	4	-2.22	-2.22	NUM
fbem-8484	163	5	irl	irl	NOUN
fbem-8484	163	6	0.6662	0.6662	NUM
fbem-8484	163	7	(	(	PUNCT
fbem-8484	163	8	0.6737	0.6737	NUM
fbem-8484	163	9	)	)	PUNCT
fbem-8484	163	10	0.99	0.99	NUM
fbem-8484	163	11	-2.3579	-2.3579	NOUN
fbem-8484	163	12	*	*	PUNCT
fbem-8484	164	1	*	*	PUNCT
fbem-8484	164	2	*	*	PUNCT
fbem-8484	164	3	(	(	PUNCT
fbem-8484	164	4	0.8196	0.8196	NUM
fbem-8484	164	5	)	)	PUNCT
fbem-8484	164	6	-2.88	-2.88	NOUN
fbem-8484	164	7	-2.4719	-2.4719	NOUN
fbem-8484	164	8	*	*	PUNCT
fbem-8484	164	9	*	*	PUNCT
fbem-8484	164	10	*	*	PUNCT
fbem-8484	164	11	(	(	PUNCT
fbem-8484	164	12	0.9280	0.9280	NUM
fbem-8484	164	13	)	)	PUNCT
fbem-8484	164	14	-2.66	-2.66	X
fbem-8484	164	15	-3.1848	-3.1848	NOUN
fbem-8484	164	16	*	*	PUNCT
fbem-8484	165	1	*	*	PUNCT
fbem-8484	165	2	*	*	PUNCT
fbem-8484	165	3	(	(	PUNCT
fbem-8484	165	4	1.1634	1.1634	NUM
fbem-8484	165	5	)	)	PUNCT
fbem-8484	165	6	-2.74	-2.74	NOUN
fbem-8484	165	7	eta	eta	PROPN
fbem-8484	165	8	0.1097	0.1097	NUM
fbem-8484	165	9	*	*	PUNCT
fbem-8484	165	10	*	*	PUNCT
fbem-8484	165	11	*	*	PUNCT
fbem-8484	165	12	(	(	PUNCT
fbem-8484	165	13	0.0416	0.0416	NUM
fbem-8484	165	14	)	)	PUNCT
fbem-8484	165	15	2.64	2.64	NUM
fbem-8484	165	16	0.0542	0.0542	NUM
fbem-8484	165	17	(	(	PUNCT
fbem-8484	165	18	0.0458	0.0458	NUM
fbem-8484	165	19	)	)	PUNCT
fbem-8484	165	20	1.18	1.18	NUM
fbem-8484	166	1	0.0555	0.0555	NUM
fbem-8484	166	2	*	*	SYM
fbem-8484	166	3	(	(	PUNCT
fbem-8484	166	4	0.0303	0.0303	NUM
fbem-8484	166	5	)	)	PUNCT
fbem-8484	166	6	1.84	1.84	NUM
fbem-8484	166	7	0.0191	0.0191	NUM
fbem-8484	166	8	(	(	PUNCT
fbem-8484	166	9	0.0435	0.0435	NUM
fbem-8484	166	10	)	)	PUNCT
fbem-8484	166	11	0.44	0.44	NUM
fbem-8484	166	12	cost	cost	VERB
fbem-8484	166	13	0.0886	0.0886	NUM
fbem-8484	166	14	(	(	PUNCT
fbem-8484	166	15	0.0655	0.0655	NUM
fbem-8484	166	16	)	)	PUNCT
fbem-8484	166	17	1.35	1.35	NUM
fbem-8484	166	18	-0.0198	-0.0198	NOUN
fbem-8484	166	19	(	(	PUNCT
fbem-8484	166	20	0.0540	0.0540	NUM
fbem-8484	166	21	)	)	PUNCT
fbem-8484	166	22	-0.37	-0.37	NUM
fbem-8484	166	23	0.1138	0.1138	NUM
fbem-8484	166	24	(	(	PUNCT
fbem-8484	166	25	0.0775	0.0775	NUM
fbem-8484	166	26	)	)	PUNCT
fbem-8484	166	27	1.47	1.47	NUM
fbem-8484	166	28	0.0427	0.0427	NUM
fbem-8484	166	29	(	(	PUNCT
fbem-8484	166	30	0.0966	0.0966	NUM
fbem-8484	166	31	)	)	PUNCT
fbem-8484	166	32	0.44	0.44	NUM
fbem-8484	166	33	lnlo	lnlo	NOUN
fbem-8484	166	34	-1.3460	-1.3460	NOUN
fbem-8484	166	35	*	*	PUNCT
fbem-8484	166	36	*	*	PUNCT
fbem-8484	166	37	*	*	PUNCT
fbem-8484	166	38	(	(	PUNCT
fbem-8484	166	39	0.2144	0.2144	NUM
fbem-8484	166	40	)	)	PUNCT
fbem-8484	166	41	-6.37	-6.37	NUM
fbem-8484	166	42	-0.0043	-0.0043	X
fbem-8484	166	43	(	(	PUNCT
fbem-8484	166	44	0.1524	0.1524	NUM
fbem-8484	166	45	)	)	PUNCT
fbem-8484	166	46	-0.03	-0.03	NOUN
fbem-8484	166	47	0.4804	0.4804	NUM
fbem-8484	166	48	*	*	PUNCT
fbem-8484	166	49	*	*	PUNCT
fbem-8484	166	50	*	*	PUNCT
fbem-8484	166	51	(	(	PUNCT
fbem-8484	166	52	0.1448	0.1448	NUM
fbem-8484	166	53	)	)	PUNCT
fbem-8484	166	54	3.32	3.32	NUM
fbem-8484	166	55	0.3257	0.3257	NUM
fbem-8484	166	56	(	(	PUNCT
fbem-8484	166	57	0.2394	0.2394	NUM
fbem-8484	166	58	)	)	PUNCT
fbem-8484	166	59	1.36	1.36	NUM
fbem-8484	166	60	nii	nii	PROPN
fbem-8484	166	61	-0.0404	-0.0404	PROPN
fbem-8484	166	62	*	*	PUNCT
fbem-8484	166	63	*	*	PUNCT
fbem-8484	166	64	*	*	PUNCT
fbem-8484	166	65	(	(	PUNCT
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fbem-8484	166	67	)	)	PUNCT
fbem-8484	166	68	-5.43	-5.43	NUM
fbem-8484	166	69	-0.0206	-0.0206	NOUN
fbem-8484	166	70	*	*	PUNCT
fbem-8484	166	71	*	*	PUNCT
fbem-8484	166	72	*	*	PUNCT
fbem-8484	166	73	(	(	PUNCT
fbem-8484	166	74	0.0044	0.0044	NUM
fbem-8484	166	75	)	)	PUNCT
fbem-8484	166	76	-4.72	-4.72	NOUN
fbem-8484	166	77	-0.0330	-0.0330	NOUN
fbem-8484	166	78	*	*	PUNCT
fbem-8484	166	79	*	*	PUNCT
fbem-8484	166	80	*	*	PUNCT
fbem-8484	166	81	(	(	PUNCT
fbem-8484	166	82	0.0080	0.0080	NUM
fbem-8484	166	83	)	)	PUNCT
fbem-8484	166	84	-4.10	-4.10	NOUN
fbem-8484	166	85	0.0226	0.0226	NUM
fbem-8484	166	86	(	(	PUNCT
fbem-8484	166	87	0.0300	0.0300	NUM
fbem-8484	166	88	)	)	PUNCT
fbem-8484	166	89	0.76	0.76	NUM
fbem-8484	166	90	hhi	hhi	NOUN
fbem-8484	166	91	81.5830	81.5830	NUM
fbem-8484	166	92	*	*	PUNCT
fbem-8484	166	93	*	*	PUNCT
fbem-8484	166	94	*	*	PUNCT
fbem-8484	166	95	(	(	PUNCT
fbem-8484	166	96	17.6266	17.6266	NUM
fbem-8484	166	97	)	)	PUNCT
fbem-8484	166	98	4.63	4.63	NUM
fbem-8484	166	99	-59.8368	-59.8368	SYM
fbem-8484	166	100	*	*	X
fbem-8484	166	101	(	(	PUNCT
fbem-8484	166	102	34.7954	34.7954	NUM
fbem-8484	166	103	)	)	PUNCT
fbem-8484	166	104	-1.72	-1.72	ADP
fbem-8484	166	105	37.3922	37.3922	NUM
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fbem-8484	166	107	*	*	PUNCT
fbem-8484	166	108	(	(	PUNCT
fbem-8484	166	109	17.3713	17.3713	NUM
fbem-8484	166	110	)	)	PUNCT
fbem-8484	166	111	2.15	2.15	NUM
fbem-8484	166	112	25.4759	25.4759	NUM
fbem-8484	166	113	*	*	PUNCT
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fbem-8484	166	115	*	*	PUNCT
fbem-8484	166	116	(	(	PUNCT
fbem-8484	166	117	6.4834	6.4834	NUM
fbem-8484	166	118	)	)	PUNCT
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fbem-8484	166	120	m2	m2	PROPN
fbem-8484	166	121	-0.0029	-0.0029	PROPN
fbem-8484	166	122	(	(	PUNCT
fbem-8484	166	123	0.0096	0.0096	NUM
fbem-8484	166	124	)	)	PUNCT
fbem-8484	166	125	-0.30	-0.30	VERB
fbem-8484	166	126	0.0302	0.0302	NUM
fbem-8484	166	127	*	*	PUNCT
fbem-8484	166	128	(	(	PUNCT
fbem-8484	166	129	0.0177	0.0177	NUM
fbem-8484	166	130	)	)	PUNCT
fbem-8484	166	131	1.70	1.70	NUM
fbem-8484	166	132	0.0365	0.0365	NUM
fbem-8484	166	133	*	*	PUNCT
fbem-8484	166	134	*	*	PUNCT
fbem-8484	166	135	(	(	PUNCT
fbem-8484	166	136	0.0169	0.0169	NUM
fbem-8484	166	137	)	)	PUNCT
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fbem-8484	166	139	0.0342	0.0342	NUM
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fbem-8484	166	142	)	)	PUNCT
fbem-8484	166	143	0.84	0.84	NUM
fbem-8484	166	144	gdp	gdp	NOUN
fbem-8484	166	145	0.0174	0.0174	PRON
fbem-8484	166	146	*	*	PUNCT
fbem-8484	166	147	*	*	PUNCT
fbem-8484	166	148	(	(	PUNCT
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fbem-8484	166	150	)	)	PUNCT
fbem-8484	166	151	2.25	2.25	NUM
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fbem-8484	166	153	(	(	PUNCT
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fbem-8484	166	155	)	)	PUNCT
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fbem-8484	166	160	)	)	PUNCT
fbem-8484	166	161	0.63	0.63	NUM
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fbem-8484	166	163	(	(	PUNCT
fbem-8484	166	164	0.0313	0.0313	NUM
fbem-8484	166	165	)	)	PUNCT
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fbem-8484	166	167	r2	r2	NOUN
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fbem-8484	167	1	0.8716	0.8716	NUM
fbem-8484	167	2	0.8030	0.8030	NUM
fbem-8484	167	3	0.8662	0.8662	NUM
fbem-8484	167	4	adj	adj	PROPN
fbem-8484	167	5	.	.	PUNCT
fbem-8484	167	6	r2	r2	PROPN
fbem-8484	167	7	0.9516	0.9516	NUM
fbem-8484	167	8	0.8544	0.8544	NUM
fbem-8484	167	9	0.7704	0.7704	NUM
fbem-8484	167	10	0.8321	0.8321	NUM
fbem-8484	167	11	f	f	X
fbem-8484	167	12	-	-	PUNCT
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fbem-8484	167	15	50.6373	50.6373	NUM
fbem-8484	167	16	24.6317	24.6317	NUM
fbem-8484	167	17	25.4257	25.4257	NUM
fbem-8484	167	18	p	p	NOUN
fbem-8484	167	19	-	-	PUNCT
fbem-8484	167	20	value	value	NOUN
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fbem-8484	167	25	note	note	NOUN
fbem-8484	167	26	:	:	PUNCT
fbem-8484	167	27	standard	standard	ADJ
fbem-8484	167	28	errors	error	NOUN
fbem-8484	167	29	are	be	AUX
fbem-8484	167	30	in	in	ADP
fbem-8484	167	31	the	the	DET
fbem-8484	167	32	parentheses	parenthesis	NOUN
fbem-8484	167	33	.	.	PUNCT
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fbem-8484	168	8	*	*	PUNCT
fbem-8484	168	9	refer	refer	VERB
fbem-8484	168	10	to	to	ADP
fbem-8484	168	11	significant	significant	ADJ
fbem-8484	168	12	at	at	ADP
fbem-8484	168	13	1	1	NUM
fbem-8484	168	14	%	%	NOUN
fbem-8484	168	15	,	,	PUNCT
fbem-8484	168	16	5	5	NUM
fbem-8484	168	17	%	%	NOUN
fbem-8484	168	18	,	,	PUNCT
fbem-8484	168	19	and	and	CCONJ
fbem-8484	168	20	10	10	NUM
fbem-8484	168	21	%	%	NOUN
fbem-8484	168	22	significance	significance	NOUN
fbem-8484	168	23	levels	level	NOUN
fbem-8484	168	24	respectively	respectively	ADV
fbem-8484	168	25	.	.	PUNCT
fbem-8484	169	1	in	in	ADP
fbem-8484	169	2	table	table	NOUN
fbem-8484	169	3	5	5	NUM
fbem-8484	169	4	,	,	PUNCT
fbem-8484	169	5	(	(	PUNCT
fbem-8484	169	6	1	1	NUM
fbem-8484	169	7	)	)	PUNCT
fbem-8484	169	8	,	,	PUNCT
fbem-8484	169	9	(	(	PUNCT
fbem-8484	169	10	2	2	NUM
fbem-8484	169	11	)	)	PUNCT
fbem-8484	169	12	,	,	PUNCT
fbem-8484	169	13	(	(	PUNCT
fbem-8484	169	14	3	3	NUM
fbem-8484	169	15	)	)	PUNCT
fbem-8484	169	16	,	,	PUNCT
fbem-8484	169	17	and	and	CCONJ
fbem-8484	169	18	(	(	PUNCT
fbem-8484	169	19	4	4	X
fbem-8484	169	20	)	)	PUNCT
fbem-8484	169	21	represent	represent	VERB
fbem-8484	169	22	the	the	DET
fbem-8484	169	23	regression	regression	NOUN
fbem-8484	169	24	results	result	NOUN
fbem-8484	169	25	for	for	ADP
fbem-8484	169	26	large	large	ADJ
fbem-8484	169	27	state	state	NOUN
fbem-8484	169	28	-	-	PUNCT
fbem-8484	169	29	owned	own	VERB
fbem-8484	169	30	banks	bank	NOUN
fbem-8484	169	31	,	,	PUNCT
fbem-8484	169	32	joint	joint	ADJ
fbem-8484	169	33	-	-	PUNCT
fbem-8484	169	34	stock	stock	NOUN
fbem-8484	169	35	banks	bank	NOUN
fbem-8484	169	36	and	and	CCONJ
fbem-8484	169	37	urban	urban	ADJ
fbem-8484	169	38	commercial	commercial	ADJ
fbem-8484	169	39	banks	bank	NOUN
fbem-8484	169	40	,	,	PUNCT
fbem-8484	169	41	and	and	CCONJ
fbem-8484	169	42	rural	rural	ADJ
fbem-8484	169	43	commercial	commercial	ADJ
fbem-8484	169	44	banks	bank	NOUN
fbem-8484	169	45	,	,	PUNCT
fbem-8484	169	46	respectively	respectively	ADV
fbem-8484	169	47	.	.	PUNCT
fbem-8484	170	1	in	in	ADP
fbem-8484	170	2	the	the	DET
fbem-8484	170	3	regression	regression	NOUN
fbem-8484	170	4	results	result	NOUN
fbem-8484	170	5	for	for	ADP
fbem-8484	170	6	large	large	ADJ
fbem-8484	170	7	state	state	NOUN
fbem-8484	170	8	-	-	PUNCT
fbem-8484	170	9	owned	own	VERB
fbem-8484	170	10	banks	bank	NOUN
fbem-8484	170	11	,	,	PUNCT
fbem-8484	170	12	the	the	DET
fbem-8484	170	13	coefficient	coefficient	NOUN
fbem-8484	170	14	of	of	ADP
fbem-8484	170	15	the	the	DET
fbem-8484	170	16	interest	interest	NOUN
fbem-8484	170	17	rate	rate	NOUN
fbem-8484	170	18	liberalization	liberalization	NOUN
fbem-8484	170	19	index	index	NOUN
fbem-8484	170	20	does	do	AUX
fbem-8484	170	21	not	not	PART
fbem-8484	170	22	pass	pass	VERB
fbem-8484	170	23	the	the	DET
fbem-8484	170	24	significance	significance	NOUN
fbem-8484	170	25	test	test	NOUN
fbem-8484	170	26	,	,	PUNCT
fbem-8484	170	27	indicating	indicate	VERB
fbem-8484	170	28	that	that	SCONJ
fbem-8484	170	29	there	there	PRON
fbem-8484	170	30	is	be	VERB
fbem-8484	170	31	no	no	DET
fbem-8484	170	32	significant	significant	ADJ
fbem-8484	170	33	negative	negative	ADJ
fbem-8484	170	34	linear	linear	ADJ
fbem-8484	170	35	relationship	relationship	NOUN
fbem-8484	170	36	between	between	ADP
fbem-8484	170	37	the	the	DET
fbem-8484	170	38	degree	degree	NOUN
fbem-8484	170	39	of	of	ADP
fbem-8484	170	40	interest	interest	NOUN
fbem-8484	170	41	rate	rate	NOUN
fbem-8484	170	42	liberalization	liberalization	NOUN
fbem-8484	170	43	and	and	CCONJ
fbem-8484	170	44	the	the	DET
fbem-8484	170	45	interest	interest	NOUN
fbem-8484	170	46	margin	margin	NOUN
fbem-8484	170	47	of	of	ADP
fbem-8484	170	48	large	large	ADJ
fbem-8484	170	49	state	state	NOUN
fbem-8484	170	50	-	-	PUNCT
fbem-8484	170	51	owned	own	VERB
fbem-8484	170	52	banks	bank	NOUN
fbem-8484	170	53	.	.	PUNCT
fbem-8484	171	1	it	it	PRON
fbem-8484	171	2	is	be	AUX
fbem-8484	171	3	also	also	ADV
fbem-8484	171	4	noted	note	VERB
fbem-8484	171	5	that	that	SCONJ
fbem-8484	171	6	the	the	DET
fbem-8484	171	7	coefficients	coefficient	NOUN
fbem-8484	171	8	of	of	ADP
fbem-8484	171	9	the	the	DET
fbem-8484	171	10	degree	degree	NOUN
fbem-8484	171	11	of	of	ADP
fbem-8484	171	12	risk	risk	NOUN
fbem-8484	171	13	aversion	aversion	NOUN
fbem-8484	171	14	(	(	PUNCT
fbem-8484	171	15	eta	eta	PROPN
fbem-8484	171	16	)	)	PUNCT
fbem-8484	171	17	,	,	PUNCT
fbem-8484	171	18	scale	scale	NOUN
fbem-8484	171	19	of	of	ADP
fbem-8484	171	20	operations	operation	NOUN
fbem-8484	171	21	(	(	PUNCT
fbem-8484	171	22	lnlo	lnlo	ADJ
fbem-8484	171	23	)	)	PUNCT
fbem-8484	171	24	,	,	PUNCT
fbem-8484	171	25	intermediate	intermediate	ADJ
fbem-8484	171	26	business	business	NOUN
fbem-8484	171	27	income	income	NOUN
fbem-8484	171	28	(	(	PUNCT
fbem-8484	171	29	nii	nii	PROPN
fbem-8484	171	30	)	)	PUNCT
fbem-8484	171	31	,	,	PUNCT
fbem-8484	171	32	and	and	CCONJ
fbem-8484	171	33	degree	degree	NOUN
fbem-8484	171	34	of	of	ADP
fbem-8484	171	35	market	market	NOUN
fbem-8484	171	36	concentration	concentration	NOUN
fbem-8484	171	37	(	(	PUNCT
fbem-8484	171	38	hii	hii	PROPN
fbem-8484	171	39	)	)	PUNCT
fbem-8484	171	40	are	be	AUX
fbem-8484	171	41	significant	significant	ADJ
fbem-8484	171	42	,	,	PUNCT
fbem-8484	171	43	which	which	PRON
fbem-8484	171	44	indicates	indicate	VERB
fbem-8484	171	45	that	that	SCONJ
fbem-8484	171	46	large	large	ADJ
fbem-8484	171	47	state	state	NOUN
fbem-8484	171	48	-	-	PUNCT
fbem-8484	171	49	owned	own	VERB
fbem-8484	171	50	banks	bank	NOUN
fbem-8484	171	51	tend	tend	VERB
fbem-8484	171	52	to	to	PART
fbem-8484	171	53	have	have	VERB
fbem-8484	171	54	policy	policy	NOUN
fbem-8484	171	55	advantages	advantage	NOUN
fbem-8484	171	56	and	and	CCONJ
fbem-8484	171	57	economies	economy	NOUN
fbem-8484	171	58	of	of	ADP
fbem-8484	171	59	scale	scale	NOUN
fbem-8484	171	60	due	due	ADP
fbem-8484	171	61	to	to	ADP
fbem-8484	171	62	their	their	PRON
fbem-8484	171	63	special	special	ADJ
fbem-8484	171	64	political	political	ADJ
fbem-8484	171	65	status	status	NOUN
fbem-8484	171	66	and	and	CCONJ
fbem-8484	171	67	market	market	NOUN
fbem-8484	171	68	monopoly	monopoly	NOUN
fbem-8484	171	69	in	in	ADP
fbem-8484	171	70	china	china	PROPN
fbem-8484	171	71	.	.	PUNCT
fbem-8484	172	1	in	in	ADP
fbem-8484	172	2	addition	addition	NOUN
fbem-8484	172	3	,	,	PUNCT
fbem-8484	172	4	its	its	PRON
fbem-8484	172	5	lending	lending	NOUN
fbem-8484	172	6	business	business	NOUN
fbem-8484	172	7	mainly	mainly	ADV
fbem-8484	172	8	serves	serve	VERB
fbem-8484	172	9	large	large	ADJ
fbem-8484	172	10	state	state	NOUN
fbem-8484	172	11	-	-	PUNCT
fbem-8484	172	12	owned	own	VERB
fbem-8484	172	13	enterprises	enterprise	NOUN
fbem-8484	172	14	,	,	PUNCT
fbem-8484	172	15	and	and	CCONJ
fbem-8484	172	16	its	its	PRON
fbem-8484	172	17	interest	interest	NOUN
fbem-8484	172	18	139	139	NUM
fbem-8484	172	19	rate	rate	NOUN
fbem-8484	172	20	pricing	pricing	NOUN
fbem-8484	172	21	is	be	AUX
fbem-8484	172	22	relatively	relatively	ADV
fbem-8484	172	23	low	low	ADJ
fbem-8484	172	24	and	and	CCONJ
fbem-8484	172	25	stable	stable	ADJ
fbem-8484	172	26	,	,	PUNCT
fbem-8484	172	27	which	which	PRON
fbem-8484	172	28	is	be	AUX
fbem-8484	172	29	less	less	ADV
fbem-8484	172	30	affected	affect	VERB
fbem-8484	172	31	by	by	ADP
fbem-8484	172	32	interest	interest	NOUN
fbem-8484	172	33	rate	rate	NOUN
fbem-8484	172	34	liberalization	liberalization	NOUN
fbem-8484	172	35	.	.	PUNCT
fbem-8484	173	1	what	what	PRON
fbem-8484	173	2	’s	’	VERB
fbem-8484	173	3	more	more	ADJ
fbem-8484	173	4	,	,	PUNCT
fbem-8484	173	5	large	large	ADJ
fbem-8484	173	6	state	state	NOUN
fbem-8484	173	7	-	-	PUNCT
fbem-8484	173	8	owned	own	VERB
fbem-8484	173	9	banks	bank	NOUN
fbem-8484	173	10	have	have	VERB
fbem-8484	173	11	significant	significant	ADJ
fbem-8484	173	12	advantages	advantage	NOUN
fbem-8484	173	13	in	in	ADP
fbem-8484	173	14	intermediate	intermediate	ADJ
fbem-8484	173	15	business	business	NOUN
fbem-8484	173	16	income	income	NOUN
fbem-8484	173	17	,	,	PUNCT
fbem-8484	173	18	and	and	CCONJ
fbem-8484	173	19	with	with	ADP
fbem-8484	173	20	the	the	DET
fbem-8484	173	21	unwarranted	unwarranted	ADJ
fbem-8484	173	22	advance	advance	NOUN
fbem-8484	173	23	of	of	ADP
fbem-8484	173	24	the	the	DET
fbem-8484	173	25	interest	interest	NOUN
fbem-8484	173	26	rate	rate	NOUN
fbem-8484	173	27	liberalization	liberalization	NOUN
fbem-8484	173	28	,	,	PUNCT
fbem-8484	173	29	the	the	DET
fbem-8484	173	30	proportion	proportion	NOUN
fbem-8484	173	31	of	of	ADP
fbem-8484	173	32	their	their	PRON
fbem-8484	173	33	intermediate	intermediate	ADJ
fbem-8484	173	34	business	business	NOUN
fbem-8484	173	35	income	income	NOUN
fbem-8484	173	36	increases	increase	VERB
fbem-8484	173	37	unwarrantedly	unwarrantedly	ADV
fbem-8484	173	38	,	,	PUNCT
fbem-8484	173	39	reducing	reduce	VERB
fbem-8484	173	40	their	their	PRON
fbem-8484	173	41	reliance	reliance	NOUN
fbem-8484	173	42	on	on	ADP
fbem-8484	173	43	spread	spread	ADJ
fbem-8484	173	44	income	income	NOUN
fbem-8484	173	45	,	,	PUNCT
fbem-8484	173	46	and	and	CCONJ
fbem-8484	173	47	completing	complete	VERB
fbem-8484	173	48	the	the	DET
fbem-8484	173	49	adjustment	adjustment	NOUN
fbem-8484	173	50	of	of	ADP
fbem-8484	173	51	their	their	PRON
fbem-8484	173	52	income	income	NOUN
fbem-8484	173	53	composition	composition	NOUN
fbem-8484	173	54	and	and	CCONJ
fbem-8484	173	55	preferences	preference	NOUN
fbem-8484	173	56	in	in	ADP
fbem-8484	173	57	the	the	DET
fbem-8484	173	58	process	process	NOUN
fbem-8484	173	59	of	of	ADP
fbem-8484	173	60	interest	interest	NOUN
fbem-8484	173	61	rate	rate	NOUN
fbem-8484	173	62	liberalization	liberalization	NOUN
fbem-8484	173	63	,	,	PUNCT
fbem-8484	173	64	and	and	CCONJ
fbem-8484	173	65	eventually	eventually	ADV
fbem-8484	173	66	these	these	DET
fbem-8484	173	67	changes	change	NOUN
fbem-8484	173	68	significantly	significantly	ADV
fbem-8484	173	69	explain	explain	VERB
fbem-8484	173	70	the	the	DET
fbem-8484	173	71	changes	change	NOUN
fbem-8484	173	72	in	in	ADP
fbem-8484	173	73	bank	bank	NOUN
fbem-8484	173	74	interest	interest	NOUN
fbem-8484	173	75	margins	margin	NOUN
fbem-8484	173	76	.	.	PUNCT
fbem-8484	174	1	for	for	ADP
fbem-8484	174	2	joint	joint	ADJ
fbem-8484	174	3	-	-	PUNCT
fbem-8484	174	4	stock	stock	NOUN
fbem-8484	174	5	banks	bank	NOUN
fbem-8484	174	6	,	,	PUNCT
fbem-8484	174	7	urban	urban	ADJ
fbem-8484	174	8	commercial	commercial	ADJ
fbem-8484	174	9	banks	bank	NOUN
fbem-8484	174	10	and	and	CCONJ
fbem-8484	174	11	rural	rural	ADJ
fbem-8484	174	12	commercial	commercial	ADJ
fbem-8484	174	13	banks	bank	NOUN
fbem-8484	174	14	,	,	PUNCT
fbem-8484	174	15	the	the	DET
fbem-8484	174	16	coefficient	coefficient	NOUN
fbem-8484	174	17	of	of	ADP
fbem-8484	174	18	the	the	DET
fbem-8484	174	19	interest	interest	NOUN
fbem-8484	174	20	rate	rate	NOUN
fbem-8484	174	21	liberalization	liberalization	NOUN
fbem-8484	174	22	index	index	NOUN
fbem-8484	174	23	is	be	AUX
fbem-8484	174	24	negative	negative	ADJ
fbem-8484	174	25	and	and	CCONJ
fbem-8484	174	26	significant	significant	ADJ
fbem-8484	174	27	at	at	ADP
fbem-8484	174	28	the	the	DET
fbem-8484	174	29	1	1	NUM
fbem-8484	174	30	%	%	NOUN
fbem-8484	174	31	level	level	NOUN
fbem-8484	174	32	,	,	PUNCT
fbem-8484	174	33	indicating	indicate	VERB
fbem-8484	174	34	that	that	SCONJ
fbem-8484	174	35	the	the	DET
fbem-8484	174	36	interest	interest	NOUN
fbem-8484	174	37	margins	margin	NOUN
fbem-8484	174	38	of	of	ADP
fbem-8484	174	39	these	these	DET
fbem-8484	174	40	banks	bank	NOUN
fbem-8484	174	41	show	show	VERB
fbem-8484	174	42	a	a	DET
fbem-8484	174	43	significant	significant	ADJ
fbem-8484	174	44	negative	negative	ADJ
fbem-8484	174	45	relationship	relationship	NOUN
fbem-8484	174	46	with	with	ADP
fbem-8484	174	47	the	the	DET
fbem-8484	174	48	degree	degree	NOUN
fbem-8484	174	49	of	of	ADP
fbem-8484	174	50	interest	interest	NOUN
fbem-8484	174	51	rate	rate	NOUN
fbem-8484	174	52	liberalization	liberalization	NOUN
fbem-8484	174	53	.	.	PUNCT
fbem-8484	175	1	among	among	ADP
fbem-8484	175	2	them	they	PRON
fbem-8484	175	3	,	,	PUNCT
fbem-8484	175	4	the	the	DET
fbem-8484	175	5	coefficient	coefficient	NOUN
fbem-8484	175	6	of	of	ADP
fbem-8484	175	7	the	the	DET
fbem-8484	175	8	interest	interest	NOUN
fbem-8484	175	9	rate	rate	NOUN
fbem-8484	175	10	liberalization	liberalization	NOUN
fbem-8484	175	11	index	index	NOUN
fbem-8484	175	12	of	of	ADP
fbem-8484	175	13	rural	rural	ADJ
fbem-8484	175	14	commercial	commercial	ADJ
fbem-8484	175	15	banks	bank	NOUN
fbem-8484	175	16	is	be	AUX
fbem-8484	175	17	-2.74	-2.74	ADJ
fbem-8484	175	18	,	,	PUNCT
fbem-8484	175	19	and	and	CCONJ
fbem-8484	175	20	its	its	PRON
fbem-8484	175	21	absolute	absolute	ADJ
fbem-8484	175	22	value	value	NOUN
fbem-8484	175	23	is	be	AUX
fbem-8484	175	24	the	the	DET
fbem-8484	175	25	largest	large	ADJ
fbem-8484	175	26	among	among	ADP
fbem-8484	175	27	the	the	DET
fbem-8484	175	28	four	four	NUM
fbem-8484	175	29	types	type	NOUN
fbem-8484	175	30	of	of	ADP
fbem-8484	175	31	banks	bank	NOUN
fbem-8484	175	32	,	,	PUNCT
fbem-8484	175	33	which	which	PRON
fbem-8484	175	34	shows	show	VERB
fbem-8484	175	35	that	that	SCONJ
fbem-8484	175	36	the	the	DET
fbem-8484	175	37	interest	interest	NOUN
fbem-8484	175	38	rate	rate	NOUN
fbem-8484	175	39	liberalization	liberalization	NOUN
fbem-8484	175	40	has	have	VERB
fbem-8484	175	41	the	the	DET
fbem-8484	175	42	greatest	great	ADJ
fbem-8484	175	43	impact	impact	NOUN
fbem-8484	175	44	on	on	ADP
fbem-8484	175	45	rural	rural	ADJ
fbem-8484	175	46	commercial	commercial	ADJ
fbem-8484	175	47	banks	bank	NOUN
fbem-8484	175	48	.	.	PUNCT
fbem-8484	176	1	for	for	ADP
fbem-8484	176	2	these	these	DET
fbem-8484	176	3	three	three	NUM
fbem-8484	176	4	types	type	NOUN
fbem-8484	176	5	of	of	ADP
fbem-8484	176	6	banks	bank	NOUN
fbem-8484	176	7	,	,	PUNCT
fbem-8484	176	8	the	the	DET
fbem-8484	176	9	performance	performance	NOUN
fbem-8484	176	10	on	on	ADP
fbem-8484	176	11	the	the	DET
fbem-8484	176	12	control	control	NOUN
fbem-8484	176	13	variables	variable	NOUN
fbem-8484	176	14	is	be	AUX
fbem-8484	176	15	different	different	ADJ
fbem-8484	176	16	.	.	PUNCT
fbem-8484	177	1	it	it	PRON
fbem-8484	177	2	is	be	AUX
fbem-8484	177	3	noteworthy	noteworthy	ADJ
fbem-8484	177	4	that	that	SCONJ
fbem-8484	177	5	the	the	DET
fbem-8484	177	6	coefficients	coefficient	NOUN
fbem-8484	177	7	of	of	ADP
fbem-8484	177	8	intermediate	intermediate	ADJ
fbem-8484	177	9	business	business	NOUN
fbem-8484	177	10	income	income	NOUN
fbem-8484	177	11	for	for	ADP
fbem-8484	177	12	both	both	PRON
fbem-8484	177	13	jointstock	jointstock	NOUN
fbem-8484	177	14	banks	bank	NOUN
fbem-8484	177	15	and	and	CCONJ
fbem-8484	177	16	urban	urban	ADJ
fbem-8484	177	17	commercial	commercial	ADJ
fbem-8484	177	18	banks	bank	NOUN
fbem-8484	177	19	are	be	AUX
fbem-8484	177	20	significantly	significantly	ADV
fbem-8484	177	21	negative	negative	ADJ
fbem-8484	177	22	,	,	PUNCT
fbem-8484	177	23	which	which	PRON
fbem-8484	177	24	indicates	indicate	VERB
fbem-8484	177	25	that	that	SCONJ
fbem-8484	177	26	with	with	ADP
fbem-8484	177	27	the	the	DET
fbem-8484	177	28	advancement	advancement	NOUN
fbem-8484	177	29	of	of	ADP
fbem-8484	177	30	interest	interest	NOUN
fbem-8484	177	31	rate	rate	NOUN
fbem-8484	177	32	market	market	NOUN
fbem-8484	177	33	reform	reform	NOUN
fbem-8484	177	34	,	,	PUNCT
fbem-8484	177	35	these	these	DET
fbem-8484	177	36	two	two	NUM
fbem-8484	177	37	types	type	NOUN
fbem-8484	177	38	of	of	ADP
fbem-8484	177	39	banks	bank	NOUN
fbem-8484	177	40	are	be	AUX
fbem-8484	177	41	also	also	ADV
fbem-8484	177	42	expanding	expand	VERB
fbem-8484	177	43	their	their	PRON
fbem-8484	177	44	intermediate	intermediate	ADJ
fbem-8484	177	45	business	business	NOUN
fbem-8484	177	46	income	income	NOUN
fbem-8484	177	47	to	to	PART
fbem-8484	177	48	reduce	reduce	VERB
fbem-8484	177	49	their	their	PRON
fbem-8484	177	50	reliance	reliance	NOUN
fbem-8484	177	51	on	on	ADP
fbem-8484	177	52	spread	spread	ADJ
fbem-8484	177	53	income	income	NOUN
fbem-8484	177	54	,	,	PUNCT
fbem-8484	177	55	and	and	CCONJ
fbem-8484	177	56	joint	joint	ADJ
fbem-8484	177	57	-	-	PUNCT
fbem-8484	177	58	stock	stock	NOUN
fbem-8484	177	59	banks	bank	NOUN
fbem-8484	177	60	are	be	AUX
fbem-8484	177	61	more	more	ADV
fbem-8484	177	62	obvious	obvious	ADJ
fbem-8484	177	63	in	in	ADP
fbem-8484	177	64	this	this	DET
fbem-8484	177	65	regard	regard	NOUN
fbem-8484	177	66	.	.	PUNCT
fbem-8484	178	1	in	in	ADP
fbem-8484	178	2	contrast	contrast	NOUN
fbem-8484	178	3	,	,	PUNCT
fbem-8484	178	4	the	the	DET
fbem-8484	178	5	coefficient	coefficient	NOUN
fbem-8484	178	6	of	of	ADP
fbem-8484	178	7	rural	rural	ADJ
fbem-8484	178	8	commercial	commercial	ADJ
fbem-8484	178	9	banks	bank	NOUN
fbem-8484	178	10	is	be	AUX
fbem-8484	178	11	not	not	PART
fbem-8484	178	12	significant	significant	ADJ
fbem-8484	178	13	,	,	PUNCT
fbem-8484	178	14	because	because	SCONJ
fbem-8484	178	15	rural	rural	ADJ
fbem-8484	178	16	commercial	commercial	ADJ
fbem-8484	178	17	banks	bank	NOUN
fbem-8484	178	18	are	be	AUX
fbem-8484	178	19	able	able	ADJ
fbem-8484	178	20	to	to	PART
fbem-8484	178	21	engage	engage	VERB
fbem-8484	178	22	in	in	ADP
fbem-8484	178	23	few	few	ADJ
fbem-8484	178	24	intermediate	intermediate	ADJ
fbem-8484	178	25	businesses	business	NOUN
fbem-8484	178	26	themselves	themselves	PRON
fbem-8484	178	27	and	and	CCONJ
fbem-8484	178	28	are	be	AUX
fbem-8484	178	29	hardly	hardly	ADV
fbem-8484	178	30	chosen	choose	VERB
fbem-8484	178	31	by	by	ADP
fbem-8484	178	32	customers	customer	NOUN
fbem-8484	178	33	.	.	PUNCT
fbem-8484	179	1	compared	compare	VERB
fbem-8484	179	2	with	with	ADP
fbem-8484	179	3	large	large	ADJ
fbem-8484	179	4	state	state	NOUN
fbem-8484	179	5	-	-	PUNCT
fbem-8484	179	6	owned	own	VERB
fbem-8484	179	7	banks	bank	NOUN
fbem-8484	179	8	,	,	PUNCT
fbem-8484	179	9	other	other	ADJ
fbem-8484	179	10	banks	bank	NOUN
fbem-8484	179	11	lack	lack	VERB
fbem-8484	179	12	the	the	DET
fbem-8484	179	13	advantages	advantage	NOUN
fbem-8484	179	14	of	of	ADP
fbem-8484	179	15	scale	scale	NOUN
fbem-8484	179	16	and	and	CCONJ
fbem-8484	179	17	policy	policy	NOUN
fbem-8484	179	18	,	,	PUNCT
fbem-8484	179	19	which	which	PRON
fbem-8484	179	20	makes	make	VERB
fbem-8484	179	21	them	they	PRON
fbem-8484	179	22	more	more	ADV
fbem-8484	179	23	serious	serious	ADJ
fbem-8484	179	24	in	in	ADP
fbem-8484	179	25	the	the	DET
fbem-8484	179	26	narrowing	narrowing	NOUN
fbem-8484	179	27	of	of	ADP
fbem-8484	179	28	interest	interest	NOUN
fbem-8484	179	29	margins	margin	NOUN
fbem-8484	179	30	in	in	ADP
fbem-8484	179	31	a	a	DET
fbem-8484	179	32	competitive	competitive	ADJ
fbem-8484	179	33	market	market	NOUN
fbem-8484	179	34	environment	environment	NOUN
fbem-8484	179	35	and	and	CCONJ
fbem-8484	179	36	more	more	ADV
fbem-8484	179	37	sensitive	sensitive	ADJ
fbem-8484	179	38	and	and	CCONJ
fbem-8484	179	39	susceptible	susceptible	ADJ
fbem-8484	179	40	to	to	ADP
fbem-8484	179	41	the	the	DET
fbem-8484	179	42	response	response	NOUN
fbem-8484	179	43	to	to	ADP
fbem-8484	179	44	interest	interest	NOUN
fbem-8484	179	45	rate	rate	NOUN
fbem-8484	179	46	liberalization	liberalization	NOUN
fbem-8484	179	47	.	.	PUNCT
fbem-8484	180	1	4.3	4.3	NUM
fbem-8484	180	2	.	.	PUNCT
fbem-8484	181	1	robustness	robustness	NOUN
fbem-8484	181	2	tests	test	NOUN
fbem-8484	181	3	in	in	ADP
fbem-8484	181	4	order	order	NOUN
fbem-8484	181	5	to	to	PART
fbem-8484	181	6	ensure	ensure	VERB
fbem-8484	181	7	the	the	DET
fbem-8484	181	8	robustness	robustness	NOUN
fbem-8484	181	9	of	of	ADP
fbem-8484	181	10	the	the	DET
fbem-8484	181	11	above	above	ADJ
fbem-8484	181	12	analysis	analysis	NOUN
fbem-8484	181	13	results	result	NOUN
fbem-8484	181	14	,	,	PUNCT
fbem-8484	181	15	we	we	PRON
fbem-8484	181	16	perform	perform	VERB
fbem-8484	181	17	robustness	robustness	NOUN
fbem-8484	181	18	tests	test	NOUN
fbem-8484	181	19	in	in	ADP
fbem-8484	181	20	several	several	ADJ
fbem-8484	181	21	ways	way	NOUN
fbem-8484	181	22	.	.	PUNCT
fbem-8484	182	1	4.3.1	4.3.1	X
fbem-8484	182	2	.	.	PUNCT
fbem-8484	183	1	using	use	VERB
fbem-8484	183	2	different	different	ADJ
fbem-8484	183	3	models	model	NOUN
fbem-8484	183	4	in	in	ADP
fbem-8484	183	5	regression	regression	NOUN
fbem-8484	183	6	in	in	ADP
fbem-8484	183	7	the	the	DET
fbem-8484	183	8	previous	previous	ADJ
fbem-8484	183	9	we	we	PRON
fbem-8484	183	10	used	use	VERB
fbem-8484	183	11	a	a	DET
fbem-8484	183	12	fixed	fix	VERB
fbem-8484	183	13	-	-	PUNCT
fbem-8484	183	14	effects	effect	NOUN
fbem-8484	183	15	model	model	NOUN
fbem-8484	183	16	to	to	ADP
fbem-8484	183	17	regress	regress	VERB
fbem-8484	183	18	the	the	DET
fbem-8484	183	19	panel	panel	NOUN
fbem-8484	183	20	data	datum	NOUN
fbem-8484	183	21	,	,	PUNCT
fbem-8484	183	22	and	and	CCONJ
fbem-8484	183	23	there	there	PRON
fbem-8484	183	24	are	be	VERB
fbem-8484	183	25	also	also	ADV
fbem-8484	183	26	many	many	ADJ
fbem-8484	183	27	scholars	scholar	NOUN
fbem-8484	183	28	who	who	PRON
fbem-8484	183	29	use	use	VERB
fbem-8484	183	30	pooled	pool	VERB
fbem-8484	183	31	models	model	NOUN
fbem-8484	183	32	or	or	CCONJ
fbem-8484	183	33	random	random	ADJ
fbem-8484	183	34	-	-	PUNCT
fbem-8484	183	35	effects	effect	NOUN
fbem-8484	183	36	models	model	NOUN
fbem-8484	183	37	for	for	ADP
fbem-8484	183	38	regression	regression	NOUN
fbem-8484	183	39	,	,	PUNCT
fbem-8484	183	40	and	and	CCONJ
fbem-8484	183	41	we	we	PRON
fbem-8484	183	42	can	can	AUX
fbem-8484	183	43	test	test	VERB
fbem-8484	183	44	the	the	DET
fbem-8484	183	45	robustness	robustness	NOUN
fbem-8484	183	46	of	of	ADP
fbem-8484	183	47	the	the	DET
fbem-8484	183	48	regression	regression	NOUN
fbem-8484	183	49	results	result	NOUN
fbem-8484	183	50	of	of	ADP
fbem-8484	183	51	the	the	DET
fbem-8484	183	52	fixed	fix	VERB
fbem-8484	183	53	-	-	PUNCT
fbem-8484	183	54	effects	effect	NOUN
fbem-8484	183	55	model	model	NOUN
fbem-8484	183	56	through	through	ADP
fbem-8484	183	57	these	these	DET
fbem-8484	183	58	two	two	NUM
fbem-8484	183	59	regressions	regression	NOUN
fbem-8484	183	60	,	,	PUNCT
fbem-8484	183	61	and	and	CCONJ
fbem-8484	183	62	the	the	DET
fbem-8484	183	63	results	result	NOUN
fbem-8484	183	64	of	of	ADP
fbem-8484	183	65	the	the	DET
fbem-8484	183	66	regressions	regression	NOUN
fbem-8484	183	67	are	be	AUX
fbem-8484	183	68	shown	show	VERB
fbem-8484	183	69	in	in	ADP
fbem-8484	183	70	the	the	DET
fbem-8484	183	71	table	table	NOUN
fbem-8484	183	72	6	6	NUM
fbem-8484	183	73	.	.	PUNCT
fbem-8484	183	74	table	table	NOUN
fbem-8484	183	75	6	6	NUM
fbem-8484	183	76	.	.	PUNCT
fbem-8484	184	1	regression	regression	NOUN
fbem-8484	184	2	results	result	NOUN
fbem-8484	184	3	of	of	ADP
fbem-8484	184	4	different	different	ADJ
fbem-8484	184	5	models	model	NOUN
fbem-8484	184	6	pooled	pool	VERB
fbem-8484	184	7	model	model	NOUN
fbem-8484	184	8	random	random	ADJ
fbem-8484	184	9	-	-	PUNCT
fbem-8484	184	10	effects	effect	NOUN
fbem-8484	184	11	model	model	NOUN
fbem-8484	184	12	coefficient	coefficient	PROPN
fbem-8484	184	13	t	t	PROPN
fbem-8484	184	14	-	-	PUNCT
fbem-8484	184	15	value	value	NOUN
fbem-8484	184	16	coefficient	coefficient	NOUN
fbem-8484	184	17	t	t	NOUN
fbem-8484	184	18	-	-	PUNCT
fbem-8484	184	19	value	value	NOUN
fbem-8484	184	20	_	_	PROPN
fbem-8484	184	21	cons	con	NOUN
fbem-8484	184	22	2.7386	2.7386	NUM
fbem-8484	184	23	*	*	PUNCT
fbem-8484	184	24	*	*	PUNCT
fbem-8484	184	25	*	*	PUNCT
fbem-8484	184	26	(	(	PUNCT
fbem-8484	184	27	0.5305	0.5305	NUM
fbem-8484	184	28	)	)	PUNCT
fbem-8484	184	29	5.16	5.16	NUM
fbem-8484	184	30	3.2663	3.2663	NUM
fbem-8484	184	31	*	*	PUNCT
fbem-8484	184	32	*	*	PUNCT
fbem-8484	184	33	*	*	PUNCT
fbem-8484	184	34	(	(	PUNCT
fbem-8484	184	35	0.4308	0.4308	NUM
fbem-8484	184	36	)	)	PUNCT
fbem-8484	184	37	7.58	7.58	NUM
fbem-8484	184	38	irl	irl	NOUN
fbem-8484	184	39	-1.6855	-1.6855	NOUN
fbem-8484	184	40	*	*	PUNCT
fbem-8484	185	1	*	*	PUNCT
fbem-8484	185	2	*	*	PUNCT
fbem-8484	185	3	(	(	PUNCT
fbem-8484	185	4	0.3951	0.3951	NUM
fbem-8484	185	5	)	)	PUNCT
fbem-8484	185	6	-4.27	-4.27	NOUN
fbem-8484	185	7	-2.6112	-2.6112	PROPN
fbem-8484	186	1	*	*	PUNCT
fbem-8484	186	2	*	*	PUNCT
fbem-8484	186	3	*	*	PUNCT
fbem-8484	186	4	(	(	PUNCT
fbem-8484	186	5	0.2732	0.2732	NUM
fbem-8484	186	6	)	)	PUNCT
fbem-8484	186	7	-9.56	-9.56	NOUN
fbem-8484	186	8	eta	eta	NOUN
fbem-8484	186	9	0.1007	0.1007	NUM
fbem-8484	186	10	*	*	PUNCT
fbem-8484	186	11	*	*	PUNCT
fbem-8484	186	12	*	*	PUNCT
fbem-8484	186	13	(	(	PUNCT
fbem-8484	186	14	0.0192	0.0192	NUM
fbem-8484	186	15	)	)	PUNCT
fbem-8484	186	16	5.25	5.25	NUM
fbem-8484	186	17	0.1052	0.1052	NUM
fbem-8484	187	1	*	*	PUNCT
fbem-8484	187	2	*	*	PUNCT
fbem-8484	187	3	*	*	PUNCT
fbem-8484	187	4	(	(	PUNCT
fbem-8484	187	5	0.0171	0.0171	NUM
fbem-8484	187	6	)	)	PUNCT
fbem-8484	187	7	6.15	6.15	NUM
fbem-8484	187	8	cost	cost	VERB
fbem-8484	187	9	0.2921	0.2921	PRON
fbem-8484	187	10	*	*	PUNCT
fbem-8484	187	11	*	*	PUNCT
fbem-8484	187	12	*	*	PUNCT
fbem-8484	187	13	(	(	PUNCT
fbem-8484	187	14	0.0520	0.0520	NUM
fbem-8484	187	15	)	)	PUNCT
fbem-8484	187	16	5.62	5.62	NUM
fbem-8484	187	17	0.1063	0.1063	NUM
fbem-8484	187	18	*	*	PUNCT
fbem-8484	187	19	*	*	PUNCT
fbem-8484	187	20	*	*	PUNCT
fbem-8484	187	21	(	(	PUNCT
fbem-8484	187	22	0.0379	0.0379	NUM
fbem-8484	187	23	)	)	PUNCT
fbem-8484	187	24	2.81	2.81	NUM
fbem-8484	187	25	lnlo	lnlo	NOUN
fbem-8484	187	26	-0.0308	-0.0308	PROPN
fbem-8484	187	27	*	*	PUNCT
fbem-8484	187	28	(	(	PUNCT
fbem-8484	187	29	0.0165	0.0165	NUM
fbem-8484	187	30	)	)	PUNCT
fbem-8484	187	31	-1.86	-1.86	NOUN
fbem-8484	187	32	0.0200	0.0200	NUM
fbem-8484	187	33	(	(	PUNCT
fbem-8484	187	34	0.0277	0.0277	NUM
fbem-8484	187	35	)	)	PUNCT
fbem-8484	187	36	0.72	0.72	NUM
fbem-8484	187	37	nii	nii	PROPN
fbem-8484	187	38	-0.0146	-0.0146	PROPN
fbem-8484	187	39	*	*	PUNCT
fbem-8484	187	40	*	*	PUNCT
fbem-8484	187	41	*	*	PUNCT
fbem-8484	187	42	(	(	PUNCT
fbem-8484	187	43	0.0039	0.0039	NUM
fbem-8484	187	44	)	)	PUNCT
fbem-8484	187	45	-3.78	-3.78	PRON
fbem-8484	187	46	-0.0246	-0.0246	NOUN
fbem-8484	187	47	*	*	PUNCT
fbem-8484	187	48	*	*	PUNCT
fbem-8484	187	49	*	*	PUNCT
fbem-8484	187	50	(	(	PUNCT
fbem-8484	187	51	0.0040	0.0040	NUM
fbem-8484	187	52	)	)	PUNCT
fbem-8484	187	53	-6.20	-6.20	NUM
fbem-8484	187	54	hhi	hhi	NOUN
fbem-8484	187	55	0.9810	0.9810	NUM
fbem-8484	187	56	*	*	PUNCT
fbem-8484	187	57	*	*	PUNCT
fbem-8484	187	58	*	*	PUNCT
fbem-8484	187	59	(	(	PUNCT
fbem-8484	187	60	0.2136	0.2136	NUM
fbem-8484	187	61	)	)	PUNCT
fbem-8484	187	62	4.59	4.59	NUM
fbem-8484	187	63	1.3635	1.3635	NUM
fbem-8484	187	64	*	*	PUNCT
fbem-8484	187	65	*	*	PUNCT
fbem-8484	187	66	*	*	PUNCT
fbem-8484	187	67	(	(	PUNCT
fbem-8484	187	68	0.4122	0.4122	NUM
fbem-8484	187	69	)	)	PUNCT
fbem-8484	187	70	3.31	3.31	NUM
fbem-8484	187	71	m2	m2	PROPN
fbem-8484	187	72	0.0417	0.0417	NUM
fbem-8484	187	73	*	*	PUNCT
fbem-8484	187	74	*	*	PUNCT
fbem-8484	187	75	*	*	PUNCT
fbem-8484	187	76	(	(	PUNCT
fbem-8484	187	77	0.0152	0.0152	NUM
fbem-8484	187	78	)	)	PUNCT
fbem-8484	187	79	2.74	2.74	NUM
fbem-8484	187	80	0.0283	0.0283	NUM
fbem-8484	187	81	*	*	PUNCT
fbem-8484	187	82	*	*	PUNCT
fbem-8484	187	83	*	*	PUNCT
fbem-8484	187	84	(	(	PUNCT
fbem-8484	187	85	0.0097	0.0097	NUM
fbem-8484	187	86	)	)	PUNCT
fbem-8484	187	87	2.93	2.93	NUM
fbem-8484	187	88	gdp	gdp	NOUN
fbem-8484	187	89	0.0039	0.0039	NUM
fbem-8484	187	90	(	(	PUNCT
fbem-8484	187	91	0.0144	0.0144	NUM
fbem-8484	187	92	)	)	PUNCT
fbem-8484	187	93	0.27	0.27	NUM
fbem-8484	187	94	0.0063	0.0063	NUM
fbem-8484	187	95	(	(	PUNCT
fbem-8484	187	96	0.0087	0.0087	NUM
fbem-8484	187	97	)	)	PUNCT
fbem-8484	187	98	0.72	0.72	NUM
fbem-8484	187	99	r2	r2	NOUN
fbem-8484	187	100	0.6125	0.6125	NUM
fbem-8484	187	101	0.8716	0.8716	NUM
fbem-8484	187	102	0.6114	0.6114	NUM
fbem-8484	187	103	adj	adj	NOUN
fbem-8484	187	104	.	.	PUNCT
fbem-8484	188	1	r2	r2	PROPN
fbem-8484	188	2	0.6043	0.6043	NUM
fbem-8484	188	3	0.8544	0.8544	NUM
fbem-8484	188	4	0.6032	0.6032	NUM
fbem-8484	188	5	f	f	X
fbem-8484	188	6	-	-	PUNCT
fbem-8484	188	7	value	value	NOUN
fbem-8484	188	8	75.2687	75.2687	NUM
fbem-8484	188	9	50.6373	50.6373	NUM
fbem-8484	188	10	74.9287	74.9287	NUM
fbem-8484	188	11	p	p	NOUN
fbem-8484	188	12	-	-	PUNCT
fbem-8484	188	13	value	value	NOUN
fbem-8484	188	14	0.0000	0.0000	NUM
fbem-8484	188	15	0.0000	0.0000	NUM
fbem-8484	188	16	0.0000	0.0000	NUM
fbem-8484	188	17	note	note	NOUN
fbem-8484	188	18	:	:	PUNCT
fbem-8484	188	19	standard	standard	ADJ
fbem-8484	188	20	errors	error	NOUN
fbem-8484	188	21	are	be	AUX
fbem-8484	188	22	in	in	ADP
fbem-8484	188	23	the	the	DET
fbem-8484	188	24	parentheses	parenthesis	NOUN
fbem-8484	188	25	.	.	PUNCT
fbem-8484	189	1	*	*	PUNCT
fbem-8484	189	2	*	*	PUNCT
fbem-8484	189	3	*	*	PUNCT
fbem-8484	189	4	,	,	PUNCT
fbem-8484	189	5	*	*	PUNCT
fbem-8484	189	6	*	*	PUNCT
fbem-8484	189	7	,	,	PUNCT
fbem-8484	189	8	*	*	PUNCT
fbem-8484	189	9	refer	refer	VERB
fbem-8484	189	10	to	to	ADP
fbem-8484	189	11	significant	significant	ADJ
fbem-8484	189	12	at	at	ADP
fbem-8484	189	13	1	1	NUM
fbem-8484	189	14	%	%	NOUN
fbem-8484	189	15	,	,	PUNCT
fbem-8484	189	16	5	5	NUM
fbem-8484	189	17	%	%	NOUN
fbem-8484	189	18	,	,	PUNCT
fbem-8484	189	19	and	and	CCONJ
fbem-8484	189	20	10	10	NUM
fbem-8484	189	21	%	%	NOUN
fbem-8484	189	22	significance	significance	NOUN
fbem-8484	189	23	levels	level	NOUN
fbem-8484	189	24	respectively	respectively	ADV
fbem-8484	189	25	.	.	PUNCT
fbem-8484	190	1	from	from	ADP
fbem-8484	190	2	the	the	DET
fbem-8484	190	3	regression	regression	NOUN
fbem-8484	190	4	results	result	NOUN
fbem-8484	190	5	,	,	PUNCT
fbem-8484	190	6	we	we	PRON
fbem-8484	190	7	can	can	AUX
fbem-8484	190	8	see	see	VERB
fbem-8484	190	9	that	that	SCONJ
fbem-8484	190	10	the	the	DET
fbem-8484	190	11	index	index	NOUN
fbem-8484	190	12	of	of	ADP
fbem-8484	190	13	interest	interest	NOUN
fbem-8484	190	14	rate	rate	NOUN
fbem-8484	190	15	liberalization	liberalization	NOUN
fbem-8484	190	16	is	be	AUX
fbem-8484	190	17	-1.6855	-1.6855	ADJ
fbem-8484	190	18	and	and	CCONJ
fbem-8484	190	19	-2.6112	-2.6112	NOUN
fbem-8484	190	20	and	and	CCONJ
fbem-8484	190	21	significant	significant	ADJ
fbem-8484	190	22	at	at	ADP
fbem-8484	190	23	the	the	DET
fbem-8484	190	24	1	1	NUM
fbem-8484	190	25	%	%	NOUN
fbem-8484	190	26	level	level	NOUN
fbem-8484	190	27	,	,	PUNCT
fbem-8484	190	28	respectively	respectively	ADV
fbem-8484	190	29	,	,	PUNCT
fbem-8484	190	30	regardless	regardless	ADV
fbem-8484	190	31	of	of	ADP
fbem-8484	190	32	the	the	DET
fbem-8484	190	33	model	model	NOUN
fbem-8484	190	34	used	use	VERB
fbem-8484	190	35	,	,	PUNCT
fbem-8484	190	36	while	while	SCONJ
fbem-8484	190	37	the	the	DET
fbem-8484	190	38	other	other	ADJ
fbem-8484	190	39	control	control	NOUN
fbem-8484	190	40	variables	variable	NOUN
fbem-8484	190	41	are	be	AUX
fbem-8484	190	42	significant	significant	ADJ
fbem-8484	190	43	at	at	ADP
fbem-8484	190	44	the	the	DET
fbem-8484	190	45	1	1	NUM
fbem-8484	190	46	%	%	NOUN
fbem-8484	190	47	level	level	NOUN
fbem-8484	190	48	and	and	CCONJ
fbem-8484	190	49	consistent	consistent	ADJ
fbem-8484	190	50	with	with	ADP
fbem-8484	190	51	the	the	DET
fbem-8484	190	52	coefficients	coefficient	NOUN
fbem-8484	190	53	obtained	obtain	VERB
fbem-8484	190	54	from	from	ADP
fbem-8484	190	55	the	the	DET
fbem-8484	190	56	fixed	fix	VERB
fbem-8484	190	57	effects	effect	NOUN
fbem-8484	190	58	model	model	NOUN
fbem-8484	190	59	,	,	PUNCT
fbem-8484	190	60	except	except	SCONJ
fbem-8484	190	61	for	for	ADP
fbem-8484	190	62	lnlo	lnlo	NOUN
fbem-8484	190	63	and	and	CCONJ
fbem-8484	190	64	gdp	gdp	NOUN
fbem-8484	190	65	.	.	PUNCT
fbem-8484	191	1	this	this	PRON
fbem-8484	191	2	further	far	ADV
fbem-8484	191	3	confirms	confirm	VERB
fbem-8484	191	4	the	the	DET
fbem-8484	191	5	reliability	reliability	NOUN
fbem-8484	191	6	of	of	ADP
fbem-8484	191	7	the	the	DET
fbem-8484	191	8	results	result	NOUN
fbem-8484	191	9	obtained	obtain	VERB
fbem-8484	191	10	from	from	ADP
fbem-8484	191	11	the	the	DET
fbem-8484	191	12	previous	previous	ADJ
fbem-8484	191	13	study	study	NOUN
fbem-8484	191	14	that	that	PRON
fbem-8484	191	15	bank	bank	NOUN
fbem-8484	191	16	interest	interest	NOUN
fbem-8484	191	17	margins	margin	NOUN
fbem-8484	191	18	are	be	AUX
fbem-8484	191	19	linearly	linearly	ADV
fbem-8484	191	20	and	and	CCONJ
fbem-8484	191	21	negatively	negatively	ADV
fbem-8484	191	22	correlated	correlate	VERB
fbem-8484	191	23	with	with	ADP
fbem-8484	191	24	interest	interest	NOUN
fbem-8484	191	25	rate	rate	NOUN
fbem-8484	191	26	liberalization	liberalization	NOUN
fbem-8484	191	27	,	,	PUNCT
fbem-8484	191	28	and	and	CCONJ
fbem-8484	191	29	robustness	robustness	NOUN
fbem-8484	191	30	and	and	CCONJ
fbem-8484	191	31	rigor	rigor	NOUN
fbem-8484	191	32	are	be	AUX
fbem-8484	191	33	ensured	ensure	VERB
fbem-8484	191	34	.	.	PUNCT
fbem-8484	192	1	4.3.2	4.3.2	X
fbem-8484	192	2	.	.	PUNCT
fbem-8484	193	1	change	change	VERB
fbem-8484	193	2	the	the	DET
fbem-8484	193	3	proxy	proxy	ADJ
fbem-8484	193	4	variable	variable	ADJ
fbem-8484	193	5	selection	selection	NOUN
fbem-8484	193	6	to	to	PART
fbem-8484	193	7	further	far	ADV
fbem-8484	193	8	ensure	ensure	VERB
fbem-8484	193	9	the	the	DET
fbem-8484	193	10	reliability	reliability	NOUN
fbem-8484	193	11	of	of	ADP
fbem-8484	193	12	the	the	DET
fbem-8484	193	13	above	above	ADJ
fbem-8484	193	14	analysis	analysis	NOUN
fbem-8484	193	15	results	result	NOUN
fbem-8484	193	16	,	,	PUNCT
fbem-8484	193	17	we	we	PRON
fbem-8484	193	18	change	change	VERB
fbem-8484	193	19	the	the	DET
fbem-8484	193	20	proxies	proxy	NOUN
fbem-8484	193	21	for	for	ADP
fbem-8484	193	22	robustness	robustness	NOUN
fbem-8484	193	23	testing	testing	NOUN
fbem-8484	193	24	.	.	PUNCT
fbem-8484	194	1	when	when	SCONJ
fbem-8484	194	2	choosing	choose	VERB
fbem-8484	194	3	macro	macro	ADJ
fbem-8484	194	4	control	control	NOUN
fbem-8484	194	5	variables	variable	NOUN
fbem-8484	194	6	,	,	PUNCT
fbem-8484	194	7	many	many	ADJ
fbem-8484	194	8	scholars	scholar	NOUN
fbem-8484	194	9	choose	choose	VERB
fbem-8484	194	10	cpi	cpi	PROPN
fbem-8484	194	11	growth	growth	NOUN
fbem-8484	194	12	rate	rate	NOUN
fbem-8484	194	13	as	as	ADP
fbem-8484	194	14	the	the	DET
fbem-8484	194	15	control	control	NOUN
fbem-8484	194	16	variable	variable	NOUN
fbem-8484	194	17	,	,	PUNCT
fbem-8484	194	18	so	so	SCONJ
fbem-8484	194	19	we	we	PRON
fbem-8484	194	20	use	use	VERB
fbem-8484	194	21	cpi	cpi	NOUN
fbem-8484	194	22	growth	growth	NOUN
fbem-8484	194	23	rate	rate	NOUN
fbem-8484	194	24	instead	instead	ADV
fbem-8484	194	25	of	of	ADP
fbem-8484	194	26	gdp	gdp	NOUN
fbem-8484	194	27	growth	growth	NOUN
fbem-8484	194	28	rate	rate	NOUN
fbem-8484	194	29	for	for	ADP
fbem-8484	194	30	the	the	DET
fbem-8484	194	31	regression	regression	NOUN
fbem-8484	194	32	,	,	PUNCT
fbem-8484	194	33	and	and	CCONJ
fbem-8484	194	34	the	the	DET
fbem-8484	194	35	regression	regression	NOUN
fbem-8484	194	36	results	result	NOUN
fbem-8484	194	37	obtained	obtain	VERB
fbem-8484	194	38	are	be	AUX
fbem-8484	194	39	shown	show	VERB
fbem-8484	194	40	in	in	ADP
fbem-8484	194	41	the	the	DET
fbem-8484	194	42	table	table	NOUN
fbem-8484	194	43	below	below	ADV
fbem-8484	194	44	,	,	PUNCT
fbem-8484	194	45	the	the	DET
fbem-8484	194	46	coefficient	coefficient	NOUN
fbem-8484	194	47	of	of	ADP
fbem-8484	194	48	interest	interest	NOUN
fbem-8484	194	49	rate	rate	NOUN
fbem-8484	194	50	liberalization	liberalization	NOUN
fbem-8484	194	51	index	index	NOUN
fbem-8484	194	52	is	be	AUX
fbem-8484	194	53	-2.8010	-2.8010	ADJ
fbem-8484	194	54	,	,	PUNCT
fbem-8484	194	55	and	and	CCONJ
fbem-8484	194	56	it	it	PRON
fbem-8484	194	57	passes	pass	VERB
fbem-8484	194	58	the	the	DET
fbem-8484	194	59	significance	significance	NOUN
fbem-8484	194	60	test	test	NOUN
fbem-8484	194	61	at	at	ADP
fbem-8484	194	62	1	1	NUM
fbem-8484	194	63	%	%	NOUN
fbem-8484	194	64	level	level	NOUN
fbem-8484	194	65	,	,	PUNCT
fbem-8484	194	66	thus	thus	ADV
fbem-8484	194	67	,	,	PUNCT
fbem-8484	194	68	the	the	DET
fbem-8484	194	69	empirical	empirical	ADJ
fbem-8484	194	70	results	result	NOUN
fbem-8484	194	71	of	of	ADP
fbem-8484	194	72	this	this	DET
fbem-8484	194	73	paper	paper	NOUN
fbem-8484	194	74	have	have	VERB
fbem-8484	194	75	strong	strong	ADJ
fbem-8484	194	76	robustness	robustness	NOUN
fbem-8484	194	77	and	and	CCONJ
fbem-8484	194	78	reliability	reliability	NOUN
fbem-8484	194	79	.	.	PUNCT
fbem-8484	195	1	140	140	NUM
fbem-8484	195	2	table	table	NOUN
fbem-8484	195	3	7	7	NUM
fbem-8484	195	4	.	.	PUNCT
fbem-8484	195	5	results	result	NOUN
fbem-8484	195	6	of	of	ADP
fbem-8484	195	7	robustness	robustness	NOUN
fbem-8484	195	8	tests	test	NOUN
fbem-8484	195	9	coefficient	coefficient	VERB
fbem-8484	195	10	t	t	NOUN
fbem-8484	195	11	-	-	PUNCT
fbem-8484	195	12	value	value	NOUN
fbem-8484	195	13	_	_	PROPN
fbem-8484	195	14	cons	con	NOUN
fbem-8484	195	15	-4.6104	-4.6104	PUNCT
fbem-8484	196	1	*	*	PUNCT
fbem-8484	197	1	*	*	PUNCT
fbem-8484	197	2	*	*	PUNCT
fbem-8484	197	3	(	(	PUNCT
fbem-8484	197	4	1.1846	1.1846	NUM
fbem-8484	197	5	)	)	PUNCT
fbem-8484	197	6	-3.89	-3.89	PROPN
fbem-8484	197	7	irl	irl	NOUN
fbem-8484	197	8	-2.8010	-2.8010	NOUN
fbem-8484	197	9	*	*	PUNCT
fbem-8484	197	10	*	*	PUNCT
fbem-8484	197	11	*	*	PUNCT
fbem-8484	197	12	(	(	PUNCT
fbem-8484	197	13	0.3893	0.3893	NUM
fbem-8484	197	14	)	)	PUNCT
fbem-8484	197	15	-7.20	-7.20	X
fbem-8484	198	1	eta	eta	ADV
fbem-8484	198	2	0.0605	0.0605	NUM
fbem-8484	198	3	*	*	PUNCT
fbem-8484	198	4	*	*	PUNCT
fbem-8484	198	5	*	*	PUNCT
fbem-8484	198	6	(	(	PUNCT
fbem-8484	198	7	0.0186	0.0186	NUM
fbem-8484	198	8	)	)	PUNCT
fbem-8484	198	9	3.26	3.26	NUM
fbem-8484	198	10	cost	cost	VERB
fbem-8484	198	11	0.0683	0.0683	NUM
fbem-8484	198	12	*	*	SYM
fbem-8484	198	13	(	(	PUNCT
fbem-8484	198	14	0.0385	0.0385	NUM
fbem-8484	198	15	)	)	PUNCT
fbem-8484	198	16	1.77	1.77	NUM
fbem-8484	198	17	lnlo	lnlo	ADJ
fbem-8484	198	18	0.3468	0.3468	NUM
fbem-8484	198	19	*	*	PUNCT
fbem-8484	198	20	*	*	PUNCT
fbem-8484	198	21	*	*	PUNCT
fbem-8484	198	22	(	(	PUNCT
fbem-8484	198	23	0.0820	0.0820	NUM
fbem-8484	198	24	)	)	PUNCT
fbem-8484	198	25	4.23	4.23	NUM
fbem-8484	198	26	nii	nii	PROPN
fbem-8484	198	27	-0.0182	-0.0182	PROPN
fbem-8484	198	28	*	*	PROPN
fbem-8484	199	1	*	*	PUNCT
fbem-8484	199	2	*	*	PUNCT
fbem-8484	199	3	(	(	PUNCT
fbem-8484	199	4	0.0045	0.0045	NUM
fbem-8484	199	5	)	)	PUNCT
fbem-8484	199	6	-4.00	-4.00	NUM
fbem-8484	199	7	hhi	hhi	NOUN
fbem-8484	199	8	23.4475	23.4475	NUM
fbem-8484	199	9	*	*	PUNCT
fbem-8484	199	10	*	*	PUNCT
fbem-8484	199	11	*	*	PUNCT
fbem-8484	199	12	(	(	PUNCT
fbem-8484	199	13	2.9865	2.9865	NUM
fbem-8484	199	14	)	)	PUNCT
fbem-8484	199	15	7.85	7.85	NUM
fbem-8484	199	16	m2	m2	PROPN
fbem-8484	199	17	0.0346	0.0346	NUM
fbem-8484	199	18	*	*	PUNCT
fbem-8484	199	19	*	*	PUNCT
fbem-8484	199	20	*	*	PUNCT
fbem-8484	199	21	(	(	PUNCT
fbem-8484	199	22	0.0102	0.0102	NUM
fbem-8484	199	23	)	)	PUNCT
fbem-8484	199	24	3.38	3.38	NUM
fbem-8484	199	25	cpi	cpi	NOUN
fbem-8484	199	26	-0.0559	-0.0559	PROPN
fbem-8484	200	1	*	*	PUNCT
fbem-8484	200	2	*	*	PUNCT
fbem-8484	200	3	(	(	PUNCT
fbem-8484	200	4	0.0264	0.0264	NOUN
fbem-8484	200	5	)	)	PUNCT
fbem-8484	200	6	-2.11	-2.11	ADJ
fbem-8484	200	7	r2	r2	PROPN
fbem-8484	200	8	0.8733	0.8733	NUM
fbem-8484	200	9	adj	adj	PROPN
fbem-8484	200	10	.	.	PUNCT
fbem-8484	201	1	r2	r2	PROPN
fbem-8484	201	2	0.8563	0.8563	NUM
fbem-8484	201	3	f	f	X
fbem-8484	201	4	-	-	PUNCT
fbem-8484	201	5	value	value	NOUN
fbem-8484	201	6	51.3785	51.3785	NUM
fbem-8484	201	7	p	p	ADJ
fbem-8484	201	8	-	-	PUNCT
fbem-8484	201	9	value	value	NOUN
fbem-8484	201	10	0.0000	0.0000	NUM
fbem-8484	201	11	note	note	NOUN
fbem-8484	201	12	:	:	PUNCT
fbem-8484	201	13	standard	standard	ADJ
fbem-8484	201	14	errors	error	NOUN
fbem-8484	201	15	are	be	AUX
fbem-8484	201	16	in	in	ADP
fbem-8484	201	17	the	the	DET
fbem-8484	201	18	parentheses	parenthesis	NOUN
fbem-8484	201	19	.	.	PUNCT
fbem-8484	202	1	*	*	PUNCT
fbem-8484	202	2	*	*	PUNCT
fbem-8484	202	3	*	*	PUNCT
fbem-8484	202	4	,	,	PUNCT
fbem-8484	202	5	*	*	PUNCT
fbem-8484	202	6	*	*	PUNCT
fbem-8484	202	7	,	,	PUNCT
fbem-8484	202	8	*	*	PUNCT
fbem-8484	202	9	refer	refer	VERB
fbem-8484	202	10	to	to	ADP
fbem-8484	202	11	significant	significant	ADJ
fbem-8484	202	12	at	at	ADP
fbem-8484	202	13	1	1	NUM
fbem-8484	202	14	%	%	NOUN
fbem-8484	202	15	,	,	PUNCT
fbem-8484	202	16	5	5	NUM
fbem-8484	202	17	%	%	NOUN
fbem-8484	202	18	,	,	PUNCT
fbem-8484	202	19	and	and	CCONJ
fbem-8484	202	20	10	10	NUM
fbem-8484	202	21	%	%	NOUN
fbem-8484	202	22	significance	significance	NOUN
fbem-8484	202	23	levels	level	NOUN
fbem-8484	202	24	respectively	respectively	ADV
fbem-8484	202	25	.	.	PUNCT
fbem-8484	203	1	5	5	X
fbem-8484	203	2	.	.	X
fbem-8484	203	3	conclusion	conclusion	NOUN
fbem-8484	203	4	the	the	DET
fbem-8484	203	5	following	follow	VERB
fbem-8484	203	6	results	result	NOUN
fbem-8484	203	7	can	can	AUX
fbem-8484	203	8	be	be	AUX
fbem-8484	203	9	obtained	obtain	VERB
fbem-8484	203	10	from	from	ADP
fbem-8484	203	11	the	the	DET
fbem-8484	203	12	research	research	NOUN
fbem-8484	203	13	of	of	ADP
fbem-8484	203	14	this	this	DET
fbem-8484	203	15	paper	paper	NOUN
fbem-8484	203	16	:	:	PUNCT
fbem-8484	203	17	(	(	PUNCT
fbem-8484	203	18	1	1	X
fbem-8484	203	19	)	)	PUNCT
fbem-8484	203	20	the	the	DET
fbem-8484	203	21	impact	impact	NOUN
fbem-8484	203	22	of	of	ADP
fbem-8484	203	23	interest	interest	NOUN
fbem-8484	203	24	rate	rate	NOUN
fbem-8484	203	25	liberalization	liberalization	NOUN
fbem-8484	203	26	on	on	ADP
fbem-8484	203	27	the	the	DET
fbem-8484	203	28	interest	interest	NOUN
fbem-8484	203	29	margin	margin	NOUN
fbem-8484	203	30	income	income	NOUN
fbem-8484	203	31	of	of	ADP
fbem-8484	203	32	chinese	chinese	ADJ
fbem-8484	203	33	commercial	commercial	ADJ
fbem-8484	203	34	banks	bank	NOUN
fbem-8484	203	35	is	be	AUX
fbem-8484	203	36	significant	significant	ADJ
fbem-8484	203	37	,	,	PUNCT
fbem-8484	203	38	but	but	CCONJ
fbem-8484	203	39	it	it	PRON
fbem-8484	203	40	no	no	ADV
fbem-8484	203	41	longer	long	ADV
fbem-8484	203	42	presents	present	VERB
fbem-8484	203	43	the	the	DET
fbem-8484	203	44	inverted	inverted	ADJ
fbem-8484	203	45	u	u	ADJ
fbem-8484	203	46	-	-	ADJ
fbem-8484	203	47	shaped	shape	VERB
fbem-8484	203	48	relationship	relationship	NOUN
fbem-8484	203	49	as	as	ADP
fbem-8484	203	50	in	in	ADP
fbem-8484	203	51	the	the	DET
fbem-8484	203	52	existing	exist	VERB
fbem-8484	203	53	extensive	extensive	ADJ
fbem-8484	203	54	literature	literature	NOUN
fbem-8484	203	55	,	,	PUNCT
fbem-8484	203	56	but	but	CCONJ
fbem-8484	203	57	a	a	DET
fbem-8484	203	58	clear	clear	ADJ
fbem-8484	203	59	negative	negative	ADJ
fbem-8484	203	60	relationship	relationship	NOUN
fbem-8484	203	61	,	,	PUNCT
fbem-8484	203	62	and	and	CCONJ
fbem-8484	203	63	the	the	DET
fbem-8484	203	64	interest	interest	NOUN
fbem-8484	203	65	margins	margin	NOUN
fbem-8484	203	66	will	will	AUX
fbem-8484	203	67	keep	keep	VERB
fbem-8484	203	68	shrinking	shrink	VERB
fbem-8484	203	69	as	as	ADP
fbem-8484	203	70	the	the	DET
fbem-8484	203	71	degree	degree	NOUN
fbem-8484	203	72	of	of	ADP
fbem-8484	203	73	interest	interest	NOUN
fbem-8484	203	74	rate	rate	NOUN
fbem-8484	203	75	liberalization	liberalization	NOUN
fbem-8484	203	76	deepens	deepen	VERB
fbem-8484	203	77	.	.	PUNCT
fbem-8484	204	1	(	(	PUNCT
fbem-8484	204	2	2	2	X
fbem-8484	204	3	)	)	PUNCT
fbem-8484	204	4	there	there	PRON
fbem-8484	204	5	are	be	VERB
fbem-8484	204	6	some	some	DET
fbem-8484	204	7	differences	difference	NOUN
fbem-8484	204	8	in	in	ADP
fbem-8484	204	9	the	the	DET
fbem-8484	204	10	effects	effect	NOUN
fbem-8484	204	11	of	of	ADP
fbem-8484	204	12	interest	interest	NOUN
fbem-8484	204	13	rate	rate	NOUN
fbem-8484	204	14	liberalization	liberalization	NOUN
fbem-8484	204	15	on	on	ADP
fbem-8484	204	16	different	different	ADJ
fbem-8484	204	17	types	type	NOUN
fbem-8484	204	18	of	of	ADP
fbem-8484	204	19	banks	bank	NOUN
fbem-8484	204	20	,	,	PUNCT
fbem-8484	204	21	with	with	ADP
fbem-8484	204	22	significant	significant	ADJ
fbem-8484	204	23	negative	negative	ADJ
fbem-8484	204	24	effects	effect	NOUN
fbem-8484	204	25	on	on	ADP
fbem-8484	204	26	the	the	DET
fbem-8484	204	27	spreads	spread	NOUN
fbem-8484	204	28	of	of	ADP
fbem-8484	204	29	joint	joint	ADJ
fbem-8484	204	30	-	-	PUNCT
fbem-8484	204	31	stock	stock	NOUN
fbem-8484	204	32	banks	bank	NOUN
fbem-8484	204	33	,	,	PUNCT
fbem-8484	204	34	rural	rural	ADJ
fbem-8484	204	35	commercial	commercial	ADJ
fbem-8484	204	36	banks	bank	NOUN
fbem-8484	204	37	,	,	PUNCT
fbem-8484	204	38	and	and	CCONJ
fbem-8484	204	39	urban	urban	ADJ
fbem-8484	204	40	commercial	commercial	ADJ
fbem-8484	204	41	banks	bank	NOUN
fbem-8484	204	42	,	,	PUNCT
fbem-8484	204	43	and	and	CCONJ
fbem-8484	204	44	the	the	DET
fbem-8484	204	45	largest	large	ADJ
fbem-8484	204	46	effects	effect	NOUN
fbem-8484	204	47	on	on	ADP
fbem-8484	204	48	rural	rural	ADJ
fbem-8484	204	49	commercial	commercial	ADJ
fbem-8484	204	50	banks	bank	NOUN
fbem-8484	204	51	,	,	PUNCT
fbem-8484	204	52	while	while	SCONJ
fbem-8484	204	53	the	the	DET
fbem-8484	204	54	effects	effect	NOUN
fbem-8484	204	55	on	on	ADP
fbem-8484	204	56	large	large	ADJ
fbem-8484	204	57	state	state	NOUN
fbem-8484	204	58	-	-	PUNCT
fbem-8484	204	59	owned	own	VERB
fbem-8484	204	60	banks	bank	NOUN
fbem-8484	204	61	are	be	AUX
fbem-8484	204	62	insignificant	insignificant	ADJ
fbem-8484	204	63	.	.	PUNCT
fbem-8484	205	1	(	(	PUNCT
fbem-8484	205	2	3	3	X
fbem-8484	205	3	)	)	PUNCT
fbem-8484	205	4	factors	factor	NOUN
fbem-8484	205	5	such	such	ADJ
fbem-8484	205	6	as	as	ADP
fbem-8484	205	7	risk	risk	NOUN
fbem-8484	205	8	aversion	aversion	NOUN
fbem-8484	205	9	,	,	PUNCT
fbem-8484	205	10	loan	loan	NOUN
fbem-8484	205	11	size	size	NOUN
fbem-8484	205	12	,	,	PUNCT
fbem-8484	205	13	intermediate	intermediate	ADJ
fbem-8484	205	14	business	business	NOUN
fbem-8484	205	15	income	income	NOUN
fbem-8484	205	16	,	,	PUNCT
fbem-8484	205	17	degree	degree	NOUN
fbem-8484	205	18	of	of	ADP
fbem-8484	205	19	market	market	NOUN
fbem-8484	205	20	concentration	concentration	NOUN
fbem-8484	205	21	and	and	CCONJ
fbem-8484	205	22	macroeconomic	macroeconomic	ADJ
fbem-8484	205	23	changes	change	NOUN
fbem-8484	205	24	also	also	ADV
fbem-8484	205	25	have	have	VERB
fbem-8484	205	26	an	an	DET
fbem-8484	205	27	impact	impact	NOUN
fbem-8484	205	28	on	on	ADP
fbem-8484	205	29	commercial	commercial	ADJ
fbem-8484	205	30	bank	bank	NOUN
fbem-8484	205	31	spreads	spread	NOUN
fbem-8484	205	32	.	.	PUNCT
fbem-8484	206	1	based	base	VERB
fbem-8484	206	2	on	on	ADP
fbem-8484	206	3	the	the	DET
fbem-8484	206	4	results	result	NOUN
fbem-8484	206	5	of	of	ADP
fbem-8484	206	6	the	the	DET
fbem-8484	206	7	research	research	NOUN
fbem-8484	206	8	,	,	PUNCT
fbem-8484	206	9	the	the	DET
fbem-8484	206	10	following	follow	VERB
fbem-8484	206	11	recommendations	recommendation	NOUN
fbem-8484	206	12	are	be	AUX
fbem-8484	206	13	made	make	VERB
fbem-8484	206	14	:	:	PUNCT
fbem-8484	206	15	(	(	PUNCT
fbem-8484	206	16	1	1	X
fbem-8484	206	17	)	)	PUNCT
fbem-8484	206	18	interest	interest	NOUN
fbem-8484	206	19	rate	rate	NOUN
fbem-8484	206	20	liberalization	liberalization	NOUN
fbem-8484	206	21	has	have	AUX
fbem-8484	206	22	reduced	reduce	VERB
fbem-8484	206	23	interest	interest	NOUN
fbem-8484	206	24	margins	margin	NOUN
fbem-8484	206	25	of	of	ADP
fbem-8484	206	26	commercial	commercial	ADJ
fbem-8484	206	27	banks	bank	NOUN
fbem-8484	206	28	in	in	ADP
fbem-8484	206	29	china	china	PROPN
fbem-8484	206	30	and	and	CCONJ
fbem-8484	206	31	intensified	intensify	VERB
fbem-8484	206	32	the	the	DET
fbem-8484	206	33	intensity	intensity	NOUN
fbem-8484	206	34	of	of	ADP
fbem-8484	206	35	market	market	NOUN
fbem-8484	206	36	competition	competition	NOUN
fbem-8484	206	37	.	.	PUNCT
fbem-8484	207	1	some	some	DET
fbem-8484	207	2	banks	bank	NOUN
fbem-8484	207	3	may	may	AUX
fbem-8484	207	4	invest	invest	VERB
fbem-8484	207	5	their	their	PRON
fbem-8484	207	6	loans	loan	NOUN
fbem-8484	207	7	in	in	ADP
fbem-8484	207	8	riskier	risky	ADJ
fbem-8484	207	9	areas	area	NOUN
fbem-8484	207	10	to	to	PART
fbem-8484	207	11	make	make	VERB
fbem-8484	207	12	up	up	ADP
fbem-8484	207	13	for	for	ADP
fbem-8484	207	14	the	the	DET
fbem-8484	207	15	loss	loss	NOUN
fbem-8484	207	16	of	of	ADP
fbem-8484	207	17	lower	low	ADJ
fbem-8484	207	18	spreads	spread	NOUN
fbem-8484	207	19	in	in	ADP
fbem-8484	207	20	order	order	NOUN
fbem-8484	207	21	to	to	PART
fbem-8484	207	22	obtain	obtain	VERB
fbem-8484	207	23	higher	high	ADJ
fbem-8484	207	24	profits	profit	NOUN
fbem-8484	207	25	.	.	PUNCT
fbem-8484	208	1	in	in	ADP
fbem-8484	208	2	response	response	NOUN
fbem-8484	208	3	,	,	PUNCT
fbem-8484	208	4	commercial	commercial	ADJ
fbem-8484	208	5	banks	bank	NOUN
fbem-8484	208	6	need	need	VERB
fbem-8484	208	7	to	to	PART
fbem-8484	208	8	improve	improve	VERB
fbem-8484	208	9	their	their	PRON
fbem-8484	208	10	risk	risk	NOUN
fbem-8484	208	11	management	management	NOUN
fbem-8484	208	12	capabilities	capability	NOUN
fbem-8484	208	13	,	,	PUNCT
fbem-8484	208	14	while	while	SCONJ
fbem-8484	208	15	the	the	DET
fbem-8484	208	16	regulatory	regulatory	ADJ
fbem-8484	208	17	authorities	authority	NOUN
fbem-8484	208	18	need	need	VERB
fbem-8484	208	19	to	to	PART
fbem-8484	208	20	further	far	ADV
fbem-8484	208	21	strengthen	strengthen	VERB
fbem-8484	208	22	their	their	PRON
fbem-8484	208	23	supervision	supervision	NOUN
fbem-8484	208	24	of	of	ADP
fbem-8484	208	25	commercial	commercial	ADJ
fbem-8484	208	26	banks	bank	NOUN
fbem-8484	208	27	.	.	PUNCT
fbem-8484	209	1	(	(	PUNCT
fbem-8484	209	2	2	2	X
fbem-8484	209	3	)	)	PUNCT
fbem-8484	209	4	in	in	ADP
fbem-8484	209	5	the	the	DET
fbem-8484	209	6	long	long	ADJ
fbem-8484	209	7	run	run	NOUN
fbem-8484	209	8	,	,	PUNCT
fbem-8484	209	9	interest	interest	NOUN
fbem-8484	209	10	rate	rate	NOUN
fbem-8484	209	11	liberalization	liberalization	NOUN
fbem-8484	209	12	has	have	AUX
fbem-8484	209	13	reduced	reduce	VERB
fbem-8484	209	14	interest	interest	NOUN
fbem-8484	209	15	margins	margin	NOUN
fbem-8484	209	16	,	,	PUNCT
fbem-8484	209	17	and	and	CCONJ
fbem-8484	209	18	data	datum	NOUN
fbem-8484	209	19	show	show	VERB
fbem-8484	209	20	that	that	SCONJ
fbem-8484	209	21	china	china	PROPN
fbem-8484	209	22	has	have	AUX
fbem-8484	209	23	been	be	AUX
fbem-8484	209	24	in	in	ADP
fbem-8484	209	25	a	a	DET
fbem-8484	209	26	phase	phase	NOUN
fbem-8484	209	27	of	of	ADP
fbem-8484	209	28	declining	decline	VERB
fbem-8484	209	29	spreads	spread	NOUN
fbem-8484	209	30	for	for	ADP
fbem-8484	209	31	the	the	DET
fbem-8484	209	32	past	past	ADJ
fbem-8484	209	33	decade	decade	NOUN
fbem-8484	209	34	.	.	PUNCT
fbem-8484	210	1	banks	bank	NOUN
fbem-8484	210	2	should	should	AUX
fbem-8484	210	3	move	move	VERB
fbem-8484	210	4	away	away	ADV
fbem-8484	210	5	from	from	ADP
fbem-8484	210	6	reliance	reliance	NOUN
fbem-8484	210	7	on	on	ADP
fbem-8484	210	8	interest	interest	NOUN
fbem-8484	210	9	margins	margin	NOUN
fbem-8484	210	10	to	to	PART
fbem-8484	210	11	develop	develop	VERB
fbem-8484	210	12	diversified	diversified	ADJ
fbem-8484	210	13	businesses	business	NOUN
fbem-8484	210	14	,	,	PUNCT
fbem-8484	210	15	especially	especially	ADV
fbem-8484	210	16	intermediate	intermediate	ADJ
fbem-8484	210	17	businesses	business	NOUN
fbem-8484	210	18	,	,	PUNCT
fbem-8484	210	19	to	to	PART
fbem-8484	210	20	improve	improve	VERB
fbem-8484	210	21	comprehensive	comprehensive	ADJ
fbem-8484	210	22	income	income	NOUN
fbem-8484	210	23	,	,	PUNCT
fbem-8484	210	24	mitigate	mitigate	VERB
fbem-8484	210	25	the	the	DET
fbem-8484	210	26	negative	negative	ADJ
fbem-8484	210	27	impact	impact	NOUN
fbem-8484	210	28	of	of	ADP
fbem-8484	210	29	declining	decline	VERB
fbem-8484	210	30	interest	interest	NOUN
fbem-8484	210	31	margins	margin	NOUN
fbem-8484	210	32	,	,	PUNCT
fbem-8484	210	33	and	and	CCONJ
fbem-8484	210	34	find	find	VERB
fbem-8484	210	35	new	new	ADJ
fbem-8484	210	36	profit	profit	NOUN
fbem-8484	210	37	opportunities	opportunity	NOUN
fbem-8484	210	38	.	.	PUNCT
fbem-8484	211	1	(	(	PUNCT
fbem-8484	211	2	3	3	X
fbem-8484	211	3	)	)	PUNCT
fbem-8484	211	4	the	the	DET
fbem-8484	211	5	government	government	NOUN
fbem-8484	211	6	and	and	CCONJ
fbem-8484	211	7	the	the	DET
fbem-8484	211	8	central	central	ADJ
fbem-8484	211	9	bank	bank	NOUN
fbem-8484	211	10	need	need	VERB
fbem-8484	211	11	to	to	PART
fbem-8484	211	12	recognize	recognize	VERB
fbem-8484	211	13	the	the	DET
fbem-8484	211	14	heterogeneity	heterogeneity	NOUN
fbem-8484	211	15	of	of	ADP
fbem-8484	211	16	the	the	DET
fbem-8484	211	17	impact	impact	NOUN
fbem-8484	211	18	of	of	ADP
fbem-8484	211	19	interest	interest	NOUN
fbem-8484	211	20	rate	rate	NOUN
fbem-8484	211	21	liberalization	liberalization	NOUN
fbem-8484	211	22	reform	reform	NOUN
fbem-8484	211	23	on	on	ADP
fbem-8484	211	24	different	different	ADJ
fbem-8484	211	25	types	type	NOUN
fbem-8484	211	26	of	of	ADP
fbem-8484	211	27	commercial	commercial	ADJ
fbem-8484	211	28	banks	bank	NOUN
fbem-8484	211	29	,	,	PUNCT
fbem-8484	211	30	and	and	CCONJ
fbem-8484	211	31	in	in	ADP
fbem-8484	211	32	the	the	DET
fbem-8484	211	33	process	process	NOUN
fbem-8484	211	34	of	of	ADP
fbem-8484	211	35	further	far	ADV
fbem-8484	211	36	promoting	promote	VERB
fbem-8484	211	37	interest	interest	NOUN
fbem-8484	211	38	rate	rate	NOUN
fbem-8484	211	39	liberalization	liberalization	NOUN
fbem-8484	211	40	reform	reform	NOUN
fbem-8484	211	41	,	,	PUNCT
fbem-8484	211	42	they	they	PRON
fbem-8484	211	43	should	should	AUX
fbem-8484	211	44	apply	apply	VERB
fbem-8484	211	45	differentiated	differentiated	ADJ
fbem-8484	211	46	policies	policy	NOUN
fbem-8484	211	47	in	in	ADP
fbem-8484	211	48	order	order	NOUN
fbem-8484	211	49	to	to	PART
fbem-8484	211	50	help	help	VERB
fbem-8484	211	51	commercial	commercial	ADJ
fbem-8484	211	52	banks	bank	NOUN
fbem-8484	211	53	complete	complete	VERB
fbem-8484	211	54	financial	financial	ADJ
fbem-8484	211	55	innovation	innovation	NOUN
fbem-8484	211	56	and	and	CCONJ
fbem-8484	211	57	promote	promote	VERB
fbem-8484	211	58	the	the	DET
fbem-8484	211	59	development	development	NOUN
fbem-8484	211	60	of	of	ADP
fbem-8484	211	61	the	the	DET
fbem-8484	211	62	real	real	ADJ
fbem-8484	211	63	economy	economy	NOUN
fbem-8484	211	64	.	.	PUNCT
fbem-8484	212	1	references	reference	NOUN
fbem-8484	212	2	[	[	X
fbem-8484	212	3	1	1	NUM
fbem-8484	212	4	]	]	X
fbem-8484	212	5	r	r	NOUN
fbem-8484	212	6	i.	i.	PROPN
fbem-8484	212	7	mckinnon	mckinnon	PROPN
fbem-8484	212	8	,	,	PUNCT
fbem-8484	212	9	money	money	NOUN
fbem-8484	212	10	and	and	CCONJ
fbem-8484	212	11	capital	capital	NOUN
fbem-8484	212	12	in	in	ADP
fbem-8484	212	13	economic	economic	ADJ
fbem-8484	212	14	development[m	development[m	NOUN
fbem-8484	212	15	]	]	PUNCT
fbem-8484	212	16	.	.	PUNCT
fbem-8484	213	1	washington	washington	PROPN
fbem-8484	213	2	d.	d.	PROPN
fbem-8484	213	3	c	c	PROPN
fbem-8484	213	4	:	:	PUNCT
fbem-8484	213	5	brookings	brookings	PROPN
fbem-8484	213	6	institution	institution	PROPN
fbem-8484	213	7	press	press	NOUN
fbem-8484	213	8	,	,	PUNCT
fbem-8484	213	9	1973:115	1973:115	PROPN
fbem-8484	213	10	-	-	SYM
fbem-8484	213	11	128	128	NUM
fbem-8484	213	12	.	.	PUNCT
fbem-8484	214	1	[	[	X
fbem-8484	214	2	2	2	X
fbem-8484	214	3	]	]	PUNCT
fbem-8484	214	4	s.	s.	PROPN
fbem-8484	214	5	edwards	edwards	PROPN
fbem-8484	214	6	,	,	PUNCT
fbem-8484	214	7	financial	financial	ADJ
fbem-8484	214	8	deepening	deepening	NOUN
fbem-8484	214	9	in	in	ADP
fbem-8484	214	10	economic	economic	ADJ
fbem-8484	214	11	development[m	development[m	NOUN
fbem-8484	214	12	]	]	PUNCT
fbem-8484	214	13	.	.	PUNCT
fbem-8484	215	1	oxford	oxford	PROPN
fbem-8484	215	2	:	:	PUNCT
fbem-8484	215	3	oxford	oxford	PROPN
fbem-8484	215	4	university	university	PROPN
fbem-8484	215	5	press	press	NOUN
fbem-8484	215	6	,	,	PUNCT
fbem-8484	215	7	1973:260	1973:260	NUM
fbem-8484	215	8	.	.	PUNCT
fbem-8484	216	1	[	[	X
fbem-8484	216	2	3	3	X
fbem-8484	216	3	]	]	X
fbem-8484	216	4	j.	j.	PROPN
fbem-8484	216	5	maudos	maudos	PROPN
fbem-8484	216	6	and	and	CCONJ
fbem-8484	216	7	j.	j.	PROPN
fbem-8484	216	8	f.	f.	PROPN
fbem-8484	216	9	d.	d.	PROPN
fbem-8484	216	10	guevara	guevara	PROPN
fbem-8484	216	11	.	.	PUNCT
fbem-8484	217	1	“	"	PUNCT
fbem-8484	217	2	factors	factor	NOUN
fbem-8484	217	3	explaining	explain	VERB
fbem-8484	217	4	the	the	DET
fbem-8484	217	5	interest	interest	NOUN
fbem-8484	217	6	margins	margin	NOUN
fbem-8484	217	7	in	in	ADP
fbem-8484	217	8	the	the	DET
fbem-8484	217	9	banking	banking	NOUN
fbem-8484	217	10	sectors	sector	NOUN
fbem-8484	217	11	of	of	ADP
fbem-8484	217	12	the	the	DET
fbem-8484	217	13	european	european	PROPN
fbem-8484	217	14	union	union	PROPN
fbem-8484	217	15	”	"	PUNCT
fbem-8484	217	16	,	,	PUNCT
fbem-8484	217	17	journal	journal	NOUN
fbem-8484	217	18	of	of	ADP
fbem-8484	217	19	banking	banking	NOUN
fbem-8484	217	20	and	and	CCONJ
fbem-8484	217	21	finance	finance	NOUN
fbem-8484	217	22	,	,	PUNCT
fbem-8484	217	23	2004	2004	NUM
fbem-8484	217	24	,	,	PUNCT
fbem-8484	217	25	28(9	28(9	NOUN
fbem-8484	217	26	)	)	PUNCT
fbem-8484	217	27	:	:	PUNCT
fbem-8484	217	28	22592281	22592281	NUM
fbem-8484	217	29	.	.	PUNCT
fbem-8484	218	1	[	[	X
fbem-8484	218	2	4	4	NUM
fbem-8484	218	3	]	]	PUNCT
fbem-8484	218	4	a.	a.	NOUN
fbem-8484	218	5	birchwood	birchwood	PROPN
fbem-8484	218	6	,	,	PUNCT
fbem-8484	218	7	m.	m.	NOUN
fbem-8484	218	8	brei	brei	PROPN
fbem-8484	218	9	,	,	PUNCT
fbem-8484	218	10	and	and	CCONJ
fbem-8484	218	11	d.	d.	PROPN
fbem-8484	218	12	m.	m.	PROPN
fbem-8484	218	13	noel	noel	PROPN
fbem-8484	218	14	,	,	PUNCT
fbem-8484	218	15	interest	interest	NOUN
fbem-8484	218	16	margins	margin	NOUN
fbem-8484	218	17	and	and	CCONJ
fbem-8484	218	18	bank	bank	NOUN
fbem-8484	218	19	regulation	regulation	NOUN
fbem-8484	218	20	in	in	ADP
fbem-8484	218	21	central	central	PROPN
fbem-8484	218	22	america	america	PROPN
fbem-8484	218	23	and	and	CCONJ
fbem-8484	218	24	the	the	DET
fbem-8484	218	25	caribbean	caribbean	ADJ
fbem-8484	218	26	,	,	PUNCT
fbem-8484	218	27	journal	journal	NOUN
fbem-8484	218	28	of	of	ADP
fbem-8484	218	29	banking	banking	NOUN
fbem-8484	218	30	and	and	CCONJ
fbem-8484	218	31	finance	finance	NOUN
fbem-8484	218	32	,	,	PUNCT
fbem-8484	218	33	2017	2017	NUM
fbem-8484	218	34	,	,	PUNCT
fbem-8484	218	35	vol.85	vol.85	NOUN
fbem-8484	218	36	,	,	PUNCT
fbem-8484	218	37	56	56	NUM
fbem-8484	218	38	-	-	SYM
fbem-8484	218	39	68	68	NUM
fbem-8484	218	40	.	.	PUNCT
fbem-8484	219	1	[	[	X
fbem-8484	219	2	5	5	X
fbem-8484	219	3	]	]	PUNCT
fbem-8484	219	4	jiangang	jiangang	PROPN
fbem-8484	219	5	peng	peng	PROPN
fbem-8484	219	6	,	,	PUNCT
fbem-8484	219	7	shujun	shujun	PROPN
fbem-8484	219	8	wang	wang	PROPN
fbem-8484	219	9	,	,	PUNCT
fbem-8484	219	10	and	and	CCONJ
fbem-8484	219	11	tianyu	tianyu	PROPN
fbem-8484	219	12	guan	guan	PROPN
fbem-8484	219	13	,	,	PUNCT
fbem-8484	219	14	“	"	PUNCT
fbem-8484	219	15	does	do	VERB
fbem-8484	219	16	interest	interest	NOUN
fbem-8484	219	17	rate	rate	NOUN
fbem-8484	219	18	liberalization	liberalization	NOUN
fbem-8484	219	19	narrow	narrow	ADJ
fbem-8484	219	20	interest	interest	NOUN
fbem-8484	219	21	margins	margin	NOUN
fbem-8484	219	22	of	of	ADP
fbem-8484	219	23	commercial	commercial	ADJ
fbem-8484	219	24	bank	bank	NOUN
fbem-8484	219	25	?	?	PUNCT
fbem-8484	220	1	empirical	empirical	ADJ
fbem-8484	220	2	evidence	evidence	NOUN
fbem-8484	220	3	based	base	VERB
fbem-8484	220	4	on	on	ADP
fbem-8484	220	5	chinese	chinese	ADJ
fbem-8484	220	6	banking	banking	NOUN
fbem-8484	220	7	industry	industry	NOUN
fbem-8484	220	8	”	"	PUNCT
fbem-8484	220	9	,	,	PUNCT
fbem-8484	220	10	journal	journal	NOUN
fbem-8484	220	11	of	of	ADP
fbem-8484	220	12	financial	financial	ADJ
fbem-8484	220	13	research	research	NOUN
fbem-8484	220	14	(	(	PUNCT
fbem-8484	220	15	in	in	ADP
fbem-8484	220	16	chinese	chinese	PROPN
fbem-8484	220	17	)	)	PUNCT
fbem-8484	220	18	,	,	PUNCT
fbem-8484	220	19	2016	2016	NUM
fbem-8484	220	20	,	,	PUNCT
fbem-8484	220	21	433(7	433(7	NUM
fbem-8484	220	22	)	)	PUNCT
fbem-8484	220	23	:	:	PUNCT
fbem-8484	220	24	48	48	NUM
fbem-8484	220	25	-	-	SYM
fbem-8484	220	26	63	63	NUM
fbem-8484	220	27	.	.	PUNCT
fbem-8484	221	1	[	[	X
fbem-8484	221	2	6	6	NUM
fbem-8484	221	3	]	]	PUNCT
fbem-8484	221	4	t.	t.	PROPN
fbem-8484	221	5	s.	s.	PROPN
fbem-8484	221	6	ho	ho	PROPN
fbem-8484	221	7	,	,	PUNCT
fbem-8484	221	8	and	and	CCONJ
fbem-8484	221	9	a.	a.	NOUN
fbem-8484	221	10	saunders	saunder	NOUN
fbem-8484	221	11	,	,	PUNCT
fbem-8484	221	12	the	the	DET
fbem-8484	221	13	determinants	determinant	NOUN
fbem-8484	221	14	of	of	ADP
fbem-8484	221	15	bank	bank	NOUN
fbem-8484	221	16	interest	interest	NOUN
fbem-8484	221	17	margins	margin	NOUN
fbem-8484	221	18	:	:	PUNCT
fbem-8484	221	19	theory	theory	NOUN
fbem-8484	221	20	and	and	CCONJ
fbem-8484	221	21	empirical	empirical	ADJ
fbem-8484	221	22	evidence	evidence	NOUN
fbem-8484	221	23	,	,	PUNCT
fbem-8484	221	24	journal	journal	NOUN
fbem-8484	221	25	of	of	ADP
fbem-8484	221	26	financial	financial	ADJ
fbem-8484	221	27	and	and	CCONJ
fbem-8484	221	28	quantitative	quantitative	ADJ
fbem-8484	221	29	analysis	analysis	NOUN
fbem-8484	221	30	,	,	PUNCT
fbem-8484	221	31	1981	1981	NUM
fbem-8484	221	32	,	,	PUNCT
fbem-8484	221	33	vol.16	vol.16	PROPN
fbem-8484	221	34	,	,	PUNCT
fbem-8484	221	35	581	581	NUM
fbem-8484	221	36	-	-	SYM
fbem-8484	221	37	600	600	NUM
fbem-8484	221	38	.	.	PUNCT
fbem-8484	222	1	[	[	X
fbem-8484	222	2	7	7	X
fbem-8484	222	3	]	]	X
fbem-8484	222	4	l.	l.	PROPN
fbem-8484	222	5	allen	allen	PROPN
fbem-8484	222	6	,	,	PUNCT
fbem-8484	222	7	“	"	PUNCT
fbem-8484	222	8	the	the	DET
fbem-8484	222	9	determinants	determinant	NOUN
fbem-8484	222	10	of	of	ADP
fbem-8484	222	11	bank	bank	NOUN
fbem-8484	222	12	interest	interest	NOUN
fbem-8484	222	13	margins	margin	NOUN
fbem-8484	222	14	:	:	PUNCT
fbem-8484	222	15	a	a	DET
fbem-8484	222	16	note	note	NOUN
fbem-8484	222	17	”	"	PUNCT
fbem-8484	222	18	.	.	PUNCT
fbem-8484	223	1	journal	journal	PROPN
fbem-8484	223	2	of	of	ADP
fbem-8484	223	3	financial	financial	ADJ
fbem-8484	223	4	and	and	CCONJ
fbem-8484	223	5	quantitative	quantitative	ADJ
fbem-8484	223	6	analysis	analysis	NOUN
fbem-8484	223	7	,	,	PUNCT
fbem-8484	223	8	1988	1988	NUM
fbem-8484	223	9	,	,	PUNCT
fbem-8484	223	10	23(2	23(2	NUM
fbem-8484	223	11	)	)	PUNCT
fbem-8484	223	12	:	:	PUNCT
fbem-8484	224	1	231	231	NUM
fbem-8484	224	2	-	-	SYM
fbem-8484	224	3	235	235	NUM
fbem-8484	224	4	.	.	PUNCT
fbem-8484	225	1	[	[	X
fbem-8484	225	2	8	8	NUM
fbem-8484	225	3	]	]	X
fbem-8484	225	4	l.	l.	PROPN
fbem-8484	225	5	angbazo	angbazo	PROPN
fbem-8484	225	6	,	,	PUNCT
fbem-8484	225	7	“	"	PUNCT
fbem-8484	225	8	commercial	commercial	ADJ
fbem-8484	225	9	bank	bank	NOUN
fbem-8484	225	10	net	net	ADJ
fbem-8484	225	11	interest	interest	NOUN
fbem-8484	225	12	margins	margin	NOUN
fbem-8484	225	13	,	,	PUNCT
fbem-8484	225	14	default	default	NOUN
fbem-8484	225	15	risk	risk	NOUN
fbem-8484	225	16	,	,	PUNCT
fbem-8484	225	17	interest	interest	NOUN
fbem-8484	225	18	rate	rate	NOUN
fbem-8484	225	19	risk	risk	NOUN
fbem-8484	225	20	and	and	CCONJ
fbem-8484	225	21	off	off	ADP
fbem-8484	225	22	-	-	PUNCT
fbem-8484	225	23	balance	balance	NOUN
fbem-8484	225	24	sheet	sheet	NOUN
fbem-8484	225	25	banking	banking	NOUN
fbem-8484	225	26	”	"	PUNCT
fbem-8484	225	27	.	.	PUNCT
fbem-8484	226	1	journal	journal	PROPN
fbem-8484	226	2	of	of	ADP
fbem-8484	226	3	banking	banking	NOUN
fbem-8484	226	4	and	and	CCONJ
fbem-8484	226	5	finance	finance	NOUN
fbem-8484	226	6	,	,	PUNCT
fbem-8484	226	7	1997	1997	NUM
fbem-8484	226	8	,	,	PUNCT
fbem-8484	226	9	21(1	21(1	NUM
fbem-8484	226	10	)	)	PUNCT
fbem-8484	226	11	:	:	PUNCT
fbem-8484	226	12	55	55	NUM
fbem-8484	226	13	-	-	SYM
fbem-8484	226	14	87	87	NUM
fbem-8484	226	15	.	.	PUNCT
fbem-8484	226	16	141	141	NUM
fbem-8484	227	1	[	[	SYM
fbem-8484	227	2	9	9	NUM
fbem-8484	227	3	]	]	X
fbem-8484	227	4	lin	lin	PROPN
fbem-8484	227	5	jane	jane	PROPN
fbem-8484	227	6	-	-	PUNCT
fbem-8484	227	7	raung	raung	PROPN
fbem-8484	227	8	,	,	PUNCT
fbem-8484	227	9	chung	chung	PROPN
fbem-8484	227	10	huimin	huimin	PROPN
fbem-8484	227	11	,	,	PUNCT
fbem-8484	227	12	hsieh	hsieh	PROPN
fbem-8484	227	13	ming	ming	PROPN
fbem-8484	227	14	-	-	PUNCT
fbem-8484	227	15	hsiang	hsiang	PROPN
fbem-8484	227	16	,	,	PUNCT
fbem-8484	227	17	and	and	CCONJ
fbem-8484	227	18	wu	wu	PROPN
fbem-8484	227	19	soushan	soushan	ADV
fbem-8484	227	20	,	,	PUNCT
fbem-8484	227	21	the	the	DET
fbem-8484	227	22	determinants	determinant	NOUN
fbem-8484	227	23	of	of	ADP
fbem-8484	227	24	interest	interest	NOUN
fbem-8484	227	25	margins	margin	NOUN
fbem-8484	227	26	and	and	CCONJ
fbem-8484	227	27	their	their	PRON
fbem-8484	227	28	effect	effect	NOUN
fbem-8484	227	29	on	on	ADP
fbem-8484	227	30	bank	bank	NOUN
fbem-8484	227	31	diversification	diversification	NOUN
fbem-8484	227	32	:	:	PUNCT
fbem-8484	227	33	evidence	evidence	NOUN
fbem-8484	227	34	from	from	ADP
fbem-8484	227	35	asian	asian	ADJ
fbem-8484	227	36	banks	bank	NOUN
fbem-8484	227	37	.	.	PUNCT
fbem-8484	228	1	journal	journal	PROPN
fbem-8484	228	2	of	of	ADP
fbem-8484	228	3	financial	financial	ADJ
fbem-8484	228	4	stability	stability	NOUN
fbem-8484	228	5	,	,	PUNCT
fbem-8484	228	6	2012	2012	NUM
fbem-8484	228	7	,	,	PUNCT
fbem-8484	228	8	vol	vol	NOUN
fbem-8484	228	9	.	.	PROPN
fbem-8484	228	10	8	8	NUM
fbem-8484	228	11	,	,	PUNCT
fbem-8484	228	12	no	no	INTJ
fbem-8484	228	13	.	.	NOUN
fbem-8484	228	14	2	2	NUM
fbem-8484	228	15	:	:	SYM
fbem-8484	228	16	1	1	NUM
fbem-8484	228	17	-	-	SYM
fbem-8484	228	18	11	11	NUM
fbem-8484	228	19	.	.	PUNCT
fbem-8484	229	1	[	[	X
fbem-8484	229	2	10	10	NUM
fbem-8484	229	3	]	]	X
fbem-8484	229	4	liya	liya	PROPN
fbem-8484	229	5	liu	liu	PROPN
fbem-8484	229	6	,	,	PUNCT
fbem-8484	229	7	minghui	minghui	PROPN
fbem-8484	229	8	li	li	PROPN
fbem-8484	229	9	,	,	PUNCT
fbem-8484	229	10	sha	sha	PROPN
fbem-8484	229	11	sun	sun	PROPN
fbem-8484	229	12	,	,	PUNCT
fbem-8484	229	13	and	and	CCONJ
fbem-8484	229	14	jinqiang	jinqiang	PROPN
fbem-8484	229	15	yang	yang	PROPN
fbem-8484	229	16	,	,	PUNCT
fbem-8484	229	17	the	the	DET
fbem-8484	229	18	relationship	relationship	NOUN
fbem-8484	229	19	between	between	ADP
fbem-8484	229	20	net	net	ADJ
fbem-8484	229	21	interest	interest	NOUN
fbem-8484	229	22	margin	margin	NOUN
fbem-8484	229	23	and	and	CCONJ
fbem-8484	229	24	non	non	ADJ
fbem-8484	229	25	-	-	ADJ
fbem-8484	229	26	interest	interest	ADJ
fbem-8484	229	27	income	income	NOUN
fbem-8484	229	28	for	for	ADP
fbem-8484	229	29	chinese	chinese	ADJ
fbem-8484	229	30	banks	bank	NOUN
fbem-8484	229	31	.	.	PUNCT
fbem-8484	230	1	economic	economic	ADJ
fbem-8484	230	2	research	research	NOUN
fbem-8484	230	3	journal	journal	NOUN
fbem-8484	230	4	(	(	PUNCT
fbem-8484	230	5	in	in	ADP
fbem-8484	230	6	chinese	chinese	PROPN
fbem-8484	230	7	)	)	PUNCT
fbem-8484	230	8	,	,	PUNCT
fbem-8484	230	9	2014	2014	NUM
fbem-8484	230	10	,	,	PUNCT
fbem-8484	230	11	(	(	PUNCT
fbem-8484	230	12	7	7	NUM
fbem-8484	230	13	)	)	PUNCT
fbem-8484	230	14	:	:	PUNCT
fbem-8484	230	15	110	110	NUM
fbem-8484	230	16	-	-	SYM
fbem-8484	230	17	124	124	NUM
fbem-8484	230	18	.	.	PUNCT
fbem-8484	231	1	[	[	X
fbem-8484	231	2	11	11	NUM
fbem-8484	231	3	]	]	X
fbem-8484	231	4	xiang	xiang	PROPN
fbem-8484	231	5	qiu	qiu	PROPN
fbem-8484	231	6	,	,	PUNCT
fbem-8484	231	7	maturity	maturity	NOUN
fbem-8484	231	8	mismatch	mismatch	NOUN
fbem-8484	231	9	and	and	CCONJ
fbem-8484	231	10	bank	bank	NOUN
fbem-8484	231	11	interest	interest	NOUN
fbem-8484	231	12	margin	margin	NOUN
fbem-8484	231	13	.	.	PUNCT
fbem-8484	232	1	journal	journal	NOUN
fbem-8484	232	2	of	of	ADP
fbem-8484	232	3	financial	financial	ADJ
fbem-8484	232	4	research	research	NOUN
fbem-8484	232	5	(	(	PUNCT
fbem-8484	232	6	in	in	ADP
fbem-8484	232	7	chinese	chinese	PROPN
fbem-8484	232	8	)	)	PUNCT
fbem-8484	232	9	,	,	PUNCT
fbem-8484	232	10	2015	2015	NUM
fbem-8484	232	11	,	,	PUNCT
fbem-8484	232	12	419(5	419(5	NUM
fbem-8484	232	13	)	)	PUNCT
fbem-8484	232	14	:	:	PUNCT
fbem-8484	232	15	83100	83100	NUM
fbem-8484	232	16	.	.	PUNCT
fbem-8484	233	1	[	[	X
fbem-8484	233	2	12	12	NUM
fbem-8484	233	3	]	]	X
fbem-8484	233	4	binghai	binghai	PROPN
fbem-8484	233	5	xin	xin	PROPN
fbem-8484	233	6	,	,	PUNCT
fbem-8484	233	7	jiang	jiang	PROPN
fbem-8484	233	8	tao	tao	PROPN
fbem-8484	233	9	,	,	PUNCT
fbem-8484	233	10	and	and	CCONJ
fbem-8484	233	11	xiaoyun	xiaoyun	VERB
fbem-8484	233	12	zhang	zhang	PROPN
fbem-8484	233	13	,	,	PUNCT
fbem-8484	233	14	the	the	DET
fbem-8484	233	15	impact	impact	NOUN
fbem-8484	233	16	of	of	ADP
fbem-8484	233	17	macroeconomic	macroeconomic	ADJ
fbem-8484	233	18	uncertainty	uncertainty	NOUN
fbem-8484	233	19	on	on	ADP
fbem-8484	233	20	net	net	ADJ
fbem-8484	233	21	interest	interest	NOUN
fbem-8484	233	22	margin	margin	NOUN
fbem-8484	233	23	.	.	PUNCT
fbem-8484	234	1	journal	journal	PROPN
fbem-8484	234	2	of	of	ADP
fbem-8484	234	3	yunnan	yunnan	PROPN
fbem-8484	234	4	finance	finance	PROPN
fbem-8484	234	5	and	and	CCONJ
fbem-8484	234	6	trade	trade	PROPN
fbem-8484	234	7	institute	institute	PROPN
fbem-8484	234	8	(	(	PUNCT
fbem-8484	234	9	in	in	ADP
fbem-8484	234	10	chinese	chinese	PROPN
fbem-8484	234	11	)	)	PUNCT
fbem-8484	234	12	,	,	PUNCT
fbem-8484	234	13	2015	2015	NUM
fbem-8484	234	14	,	,	PUNCT
fbem-8484	234	15	(	(	PUNCT
fbem-8484	234	16	5	5	NUM
fbem-8484	234	17	)	)	PUNCT
fbem-8484	234	18	:	:	PUNCT
fbem-8484	234	19	111	111	NUM
fbem-8484	234	20	-	-	SYM
fbem-8484	234	21	123	123	NUM
fbem-8484	234	22	.	.	PUNCT
fbem-8484	235	1	[	[	X
fbem-8484	235	2	13	13	NUM
fbem-8484	235	3	]	]	X
fbem-8484	235	4	c.	c.	PROPN
fbem-8484	235	5	m.	m.	NOUN
fbem-8484	235	6	buch	buch	PROPN
fbem-8484	235	7	,	,	PUNCT
fbem-8484	235	8	c.	c.	PROPN
fbem-8484	235	9	t.	t.	PROPN
fbem-8484	235	10	koch	koch	PROPN
fbem-8484	235	11	,	,	PUNCT
fbem-8484	235	12	and	and	CCONJ
fbem-8484	235	13	m.	m.	PROPN
fbem-8484	235	14	koetter	koetter	PROPN
fbem-8484	235	15	,	,	PUNCT
fbem-8484	235	16	should	should	AUX
fbem-8484	235	17	i	i	PRON
fbem-8484	235	18	stay	stay	VERB
fbem-8484	235	19	or	or	CCONJ
fbem-8484	235	20	should	should	AUX
fbem-8484	235	21	i	i	PRON
fbem-8484	235	22	go	go	VERB
fbem-8484	235	23	?	?	PUNCT
fbem-8484	236	1	bank	bank	NOUN
fbem-8484	236	2	productivity	productivity	NOUN
fbem-8484	236	3	and	and	CCONJ
fbem-8484	236	4	internationalization	internationalization	NOUN
fbem-8484	236	5	decisions	decision	NOUN
fbem-8484	236	6	.	.	PUNCT
fbem-8484	237	1	journal	journal	NOUN
fbem-8484	237	2	of	of	ADP
fbem-8484	237	3	banking	banking	NOUN
fbem-8484	237	4	and	and	CCONJ
fbem-8484	237	5	finance	finance	NOUN
fbem-8484	237	6	,	,	PUNCT
fbem-8484	237	7	2014	2014	NUM
fbem-8484	237	8	,	,	PUNCT
fbem-8484	237	9	vol	vol	NOUN
fbem-8484	237	10	.	.	PROPN
fbem-8484	237	11	42	42	NUM
fbem-8484	237	12	,	,	PUNCT
fbem-8484	237	13	no	no	INTJ
fbem-8484	237	14	.	.	PUNCT
fbem-8484	238	1	1:266	1:266	NUM
fbem-8484	238	2	-	-	SYM
fbem-8484	238	3	282	282	NUM
fbem-8484	238	4	.	.	PUNCT
fbem-8484	239	1	[	[	X
fbem-8484	239	2	14	14	NUM
fbem-8484	239	3	]	]	PUNCT
fbem-8484	239	4	a.	a.	NOUN
fbem-8484	239	5	sarr	sarr	PROPN
fbem-8484	239	6	,	,	PUNCT
fbem-8484	239	7	“	"	PUNCT
fbem-8484	239	8	financial	financial	ADJ
fbem-8484	239	9	liberalization	liberalization	NOUN
fbem-8484	239	10	,	,	PUNCT
fbem-8484	239	11	bank	bank	NOUN
fbem-8484	239	12	market	market	NOUN
fbem-8484	239	13	structure	structure	NOUN
fbem-8484	239	14	and	and	CCONJ
fbem-8484	239	15	financial	financial	ADJ
fbem-8484	239	16	deepening	deepen	VERB
fbem-8484	239	17	an	an	DET
fbem-8484	239	18	interest	interest	NOUN
fbem-8484	239	19	margin	margin	NOUN
fbem-8484	239	20	analysis	analysis	NOUN
fbem-8484	239	21	”	"	PUNCT
fbem-8484	239	22	.	.	PUNCT
fbem-8484	240	1	imf	imf	PROPN
fbem-8484	240	2	working	working	PROPN
fbem-8484	240	3	papers	paper	NOUN
fbem-8484	240	4	,	,	PUNCT
fbem-8484	240	5	2000	2000	NUM
fbem-8484	240	6	,	,	PUNCT
fbem-8484	240	7	00	00	NUM
fbem-8484	240	8	-	-	SYM
fbem-8484	240	9	38	38	NUM
fbem-8484	240	10	.	.	PUNCT
fbem-8484	241	1	[	[	X
fbem-8484	241	2	15	15	NUM
fbem-8484	241	3	]	]	X
fbem-8484	241	4	a.	a.	NOUN
fbem-8484	241	5	saunders	saunder	NOUN
fbem-8484	241	6	and	and	CCONJ
fbem-8484	241	7	l.	l.	PROPN
fbem-8484	241	8	schumacher	schumacher	PROPN
fbem-8484	241	9	,	,	PUNCT
fbem-8484	241	10	“	"	PUNCT
fbem-8484	241	11	the	the	DET
fbem-8484	241	12	determinants	determinant	NOUN
fbem-8484	241	13	of	of	ADP
fbem-8484	241	14	bank	bank	NOUN
fbem-8484	241	15	interest	interest	NOUN
fbem-8484	241	16	rate	rate	NOUN
fbem-8484	241	17	margins	margin	NOUN
fbem-8484	241	18	:	:	PUNCT
fbem-8484	241	19	an	an	DET
fbem-8484	241	20	international	international	ADJ
fbem-8484	241	21	study	study	NOUN
fbem-8484	241	22	”	"	PUNCT
fbem-8484	241	23	.	.	PUNCT
fbem-8484	242	1	journal	journal	PROPN
fbem-8484	242	2	of	of	ADP
fbem-8484	242	3	international	international	ADJ
fbem-8484	242	4	money	money	NOUN
fbem-8484	242	5	and	and	CCONJ
fbem-8484	242	6	finance	finance	NOUN
fbem-8484	242	7	,	,	PUNCT
fbem-8484	242	8	2000	2000	NUM
fbem-8484	242	9	,	,	PUNCT
fbem-8484	242	10	19(6	19(6	NUM
fbem-8484	242	11	)	)	PUNCT
fbem-8484	242	12	:	:	PUNCT
fbem-8484	242	13	813	813	NUM
fbem-8484	242	14	-	-	SYM
fbem-8484	242	15	832	832	NUM
fbem-8484	242	16	.	.	PUNCT
fbem-8484	243	1	[	[	X
fbem-8484	243	2	16	16	NUM
fbem-8484	243	3	]	]	X
fbem-8484	243	4	e.	e.	PROPN
fbem-8484	243	5	chirwa	chirwa	PROPN
fbem-8484	243	6	and	and	CCONJ
fbem-8484	243	7	m.	m.	NOUN
fbem-8484	243	8	mlachila	mlachila	PROPN
fbem-8484	243	9	,	,	PUNCT
fbem-8484	243	10	“	"	PUNCT
fbem-8484	243	11	financial	financial	ADJ
fbem-8484	243	12	reforms	reform	NOUN
fbem-8484	243	13	and	and	CCONJ
fbem-8484	243	14	interest	interest	NOUN
fbem-8484	243	15	rate	rate	NOUN
fbem-8484	243	16	spreads	spread	VERB
fbem-8484	243	17	in	in	ADP
fbem-8484	243	18	the	the	DET
fbem-8484	243	19	commercial	commercial	ADJ
fbem-8484	243	20	banking	banking	NOUN
fbem-8484	243	21	system	system	NOUN
fbem-8484	243	22	in	in	ADP
fbem-8484	243	23	malawi	malawi	PROPN
fbem-8484	243	24	”	"	PUNCT
fbem-8484	243	25	.	.	PUNCT
fbem-8484	244	1	imf	imf	PROPN
fbem-8484	244	2	working	working	PROPN
fbem-8484	244	3	papers	paper	NOUN
fbem-8484	244	4	,	,	PUNCT
fbem-8484	244	5	2004,51(1	2004,51(1	NUM
fbem-8484	244	6	)	)	PUNCT
fbem-8484	244	7	:	:	PUNCT
fbem-8484	244	8	96	96	NUM
fbem-8484	244	9	-	-	SYM
fbem-8484	244	10	122	122	NUM
fbem-8484	244	11	.	.	PUNCT
fbem-8484	245	1	[	[	X
fbem-8484	245	2	17	17	NUM
fbem-8484	245	3	]	]	X
fbem-8484	245	4	g.	g.	PROPN
fbem-8484	245	5	lópez	lópez	PROPN
fbem-8484	245	6	–	–	PUNCT
fbem-8484	245	7	espinosa	espinosa	PROPN
fbem-8484	245	8	,	,	PUNCT
fbem-8484	245	9	a.moreno	a.moreno	ADJ
fbem-8484	245	10	,	,	PUNCT
fbem-8484	245	11	and	and	CCONJ
fbem-8484	245	12	f.	f.	PROPN
fbem-8484	245	13	p.	p.	PROPN
fbem-8484	245	14	d.	d.	PROPN
fbem-8484	245	15	gracia	gracia	PROPN
fbem-8484	245	16	,	,	PUNCT
fbem-8484	245	17	“	"	PUNCT
fbem-8484	245	18	banks	bank	NOUN
fbem-8484	245	19	net	net	ADJ
fbem-8484	245	20	interest	interest	NOUN
fbem-8484	245	21	margin	margin	NOUN
fbem-8484	245	22	in	in	ADP
fbem-8484	245	23	the	the	DET
fbem-8484	245	24	2000s	2000s	NUM
fbem-8484	245	25	:	:	PUNCT
fbem-8484	245	26	-a	-a	PROPN
fbem-8484	245	27	macro	macro	X
fbem-8484	245	28	accounting	accounting	PROPN
fbem-8484	245	29	international	international	PROPN
fbem-8484	245	30	perspective	perspective	NOUN
fbem-8484	245	31	”	"	PUNCT
fbem-8484	245	32	.	.	PUNCT
fbem-8484	246	1	journal	journal	PROPN
fbem-8484	246	2	of	of	ADP
fbem-8484	246	3	international	international	ADJ
fbem-8484	246	4	money	money	NOUN
fbem-8484	246	5	and	and	CCONJ
fbem-8484	246	6	finance	finance	NOUN
fbem-8484	246	7	,	,	PUNCT
fbem-8484	246	8	2011	2011	NUM
fbem-8484	246	9	,	,	PUNCT
fbem-8484	246	10	30(6	30(6	NUM
fbem-8484	246	11	)	)	PUNCT
fbem-8484	246	12	:	:	PUNCT
fbem-8484	246	13	1214	1214	NUM
fbem-8484	246	14	-	-	SYM
fbem-8484	246	15	1233	1233	NUM
fbem-8484	246	16	.	.	PUNCT
fbem-8484	247	1	[	[	X
fbem-8484	247	2	18	18	NUM
fbem-8484	247	3	]	]	X
fbem-8484	247	4	d.	d.	PROPN
fbem-8484	247	5	kumar	kumar	PROPN
fbem-8484	247	6	,	,	PUNCT
fbem-8484	247	7	the	the	DET
fbem-8484	247	8	impact	impact	NOUN
fbem-8484	247	9	of	of	ADP
fbem-8484	247	10	interest	interest	NOUN
fbem-8484	247	11	rate	rate	NOUN
fbem-8484	247	12	marketization	marketization	NOUN
fbem-8484	247	13	on	on	ADP
fbem-8484	247	14	china	china	PROPN
fbem-8484	247	15	’	'	PUNCT
fbem-8484	247	16	s	s	PART
fbem-8484	247	17	commercial	commercial	ADJ
fbem-8484	247	18	banks	bank	NOUN
fbem-8484	247	19	and	and	CCONJ
fbem-8484	247	20	its	its	PRON
fbem-8484	247	21	tactics	tactic	NOUN
fbem-8484	247	22	.	.	PUNCT
fbem-8484	248	1	journal	journal	PROPN
fbem-8484	248	2	of	of	ADP
fbem-8484	248	3	mathematical	mathematical	ADJ
fbem-8484	248	4	finance	finance	NOUN
fbem-8484	248	5	,	,	PUNCT
fbem-8484	248	6	2017	2017	NUM
fbem-8484	248	7	,	,	PUNCT
fbem-8484	248	8	6	6	NUM
fbem-8484	248	9	(	(	PUNCT
fbem-8484	248	10	5	5	NUM
fbem-8484	248	11	)	)	PUNCT
fbem-8484	248	12	:	:	PUNCT
fbem-8484	248	13	921	921	NUM
fbem-8484	248	14	-	-	SYM
fbem-8484	248	15	929	929	NUM
fbem-8484	248	16	.	.	PUNCT
fbem-8484	249	1	[	[	X
fbem-8484	249	2	19	19	NUM
fbem-8484	249	3	]	]	X
fbem-8484	249	4	working	working	NOUN
fbem-8484	249	5	group	group	NOUN
fbem-8484	249	6	on	on	ADP
fbem-8484	249	7	interest	interest	NOUN
fbem-8484	249	8	rate	rate	NOUN
fbem-8484	249	9	liberalization	liberalization	NOUN
fbem-8484	249	10	reform	reform	NOUN
fbem-8484	249	11	of	of	ADP
fbem-8484	249	12	the	the	DET
fbem-8484	249	13	cbrc	cbrc	NOUN
fbem-8484	249	14	,	,	PUNCT
fbem-8484	249	15	research	research	NOUN
fbem-8484	249	16	on	on	ADP
fbem-8484	249	17	interest	interest	NOUN
fbem-8484	249	18	rate	rate	NOUN
fbem-8484	249	19	liberalization	liberalization	NOUN
fbem-8484	249	20	reform	reform	NOUN
fbem-8484	249	21	and	and	CCONJ
fbem-8484	249	22	commercial	commercial	ADJ
fbem-8484	249	23	bank	bank	NOUN
fbem-8484	249	24	transformation	transformation	NOUN
fbem-8484	249	25	.	.	PUNCT
fbem-8484	250	1	financial	financial	ADJ
fbem-8484	250	2	regulation	regulation	NOUN
fbem-8484	250	3	research	research	NOUN
fbem-8484	250	4	(	(	PUNCT
fbem-8484	250	5	in	in	ADP
fbem-8484	250	6	chinese	chinese	PROPN
fbem-8484	250	7	)	)	PUNCT
fbem-8484	250	8	,	,	PUNCT
fbem-8484	250	9	2012	2012	NUM
fbem-8484	250	10	,	,	PUNCT
fbem-8484	250	11	(	(	PUNCT
fbem-8484	250	12	11	11	NUM
fbem-8484	250	13	)	)	PUNCT
fbem-8484	250	14	:	:	PUNCT
fbem-8484	250	15	1	1	NUM
fbem-8484	250	16	-	-	SYM
fbem-8484	250	17	12	12	NUM
fbem-8484	250	18	.	.	PUNCT
fbem-8484	251	1	[	[	X
fbem-8484	251	2	20	20	NUM
fbem-8484	251	3	]	]	X
fbem-8484	251	4	guangyuan	guangyuan	PROPN
fbem-8484	251	5	xing	xing	PROPN
fbem-8484	251	6	,	,	PUNCT
fbem-8484	251	7	zongxian	zongxian	PROPN
fbem-8484	251	8	feng	feng	PROPN
fbem-8484	251	9	,	,	PUNCT
fbem-8484	251	10	and	and	CCONJ
fbem-8484	251	11	aolin	aolin	PROPN
fbem-8484	251	12	leng	leng	PROPN
fbem-8484	251	13	,	,	PUNCT
fbem-8484	251	14	the	the	DET
fbem-8484	251	15	impact	impact	NOUN
fbem-8484	251	16	of	of	ADP
fbem-8484	251	17	deregulation	deregulation	NOUN
fbem-8484	251	18	of	of	ADP
fbem-8484	251	19	loan	loan	NOUN
fbem-8484	251	20	interest	interest	NOUN
fbem-8484	251	21	rates	rate	NOUN
fbem-8484	251	22	on	on	ADP
fbem-8484	251	23	commercial	commercial	ADJ
fbem-8484	251	24	bank	bank	NOUN
fbem-8484	251	25	profitability	profitability	NOUN
fbem-8484	251	26	.	.	PUNCT
fbem-8484	252	1	journal	journal	PROPN
fbem-8484	252	2	of	of	ADP
fbem-8484	252	3	xi’an	xi’an	PROPN
fbem-8484	252	4	jiaotong	jiaotong	PROPN
fbem-8484	252	5	university	university	PROPN
fbem-8484	252	6	(	(	PUNCT
fbem-8484	252	7	social	social	ADJ
fbem-8484	252	8	sciences	science	NOUN
fbem-8484	252	9	)	)	PUNCT
fbem-8484	252	10	(	(	PUNCT
fbem-8484	252	11	in	in	ADP
fbem-8484	252	12	chinese	chinese	PROPN
fbem-8484	252	13	)	)	PUNCT
fbem-8484	252	14	,	,	PUNCT
fbem-8484	252	15	2014	2014	NUM
fbem-8484	252	16	,	,	PUNCT
fbem-8484	252	17	(	(	PUNCT
fbem-8484	252	18	6	6	NUM
fbem-8484	252	19	)	)	PUNCT
fbem-8484	252	20	:	:	PUNCT
fbem-8484	253	1	51	51	NUM
fbem-8484	253	2	-	-	SYM
fbem-8484	253	3	57	57	NUM
fbem-8484	253	4	.	.	PUNCT
fbem-8484	254	1	[	[	X
fbem-8484	254	2	21	21	NUM
fbem-8484	254	3	]	]	X
fbem-8484	254	4	chuang	chuang	PROPN
fbem-8484	254	5	shen	shen	PROPN
fbem-8484	254	6	,	,	PUNCT
fbem-8484	254	7	shengmin	shengmin	PROPN
fbem-8484	254	8	zhao	zhao	PROPN
fbem-8484	254	9	,	,	PUNCT
fbem-8484	254	10	and	and	CCONJ
fbem-8484	254	11	ying	ying	PROPN
fbem-8484	254	12	li	li	PROPN
fbem-8484	254	13	,	,	PUNCT
fbem-8484	254	14	interest	interest	NOUN
fbem-8484	254	15	rate	rate	NOUN
fbem-8484	254	16	liberalization	liberalization	NOUN
fbem-8484	254	17	,	,	PUNCT
fbem-8484	254	18	non	non	ADJ
fbem-8484	254	19	-	-	ADJ
fbem-8484	254	20	interest	interest	ADJ
fbem-8484	254	21	income	income	NOUN
fbem-8484	254	22	and	and	CCONJ
fbem-8484	254	23	net	net	ADJ
fbem-8484	254	24	interest	interest	NOUN
fbem-8484	254	25	margin	margin	NOUN
fbem-8484	254	26	of	of	ADP
fbem-8484	254	27	banks	bank	NOUN
fbem-8484	254	28	—	—	PUNCT
fbem-8484	254	29	the	the	DET
fbem-8484	254	30	different	different	ADJ
fbem-8484	254	31	influence	influence	NOUN
fbem-8484	254	32	paths	path	NOUN
fbem-8484	254	33	of	of	ADP
fbem-8484	254	34	classified	classified	ADJ
fbem-8484	254	35	noninterest	noninter	ADJ
fbem-8484	254	36	income	income	NOUN
fbem-8484	254	37	.	.	PUNCT
fbem-8484	255	1	statistical	statistical	ADJ
fbem-8484	255	2	research	research	NOUN
fbem-8484	255	3	(	(	PUNCT
fbem-8484	255	4	in	in	ADP
fbem-8484	255	5	chinese	chinese	PROPN
fbem-8484	255	6	)	)	PUNCT
fbem-8484	255	7	,	,	PUNCT
fbem-8484	255	8	2020	2020	NUM
fbem-8484	255	9	,	,	PUNCT
fbem-8484	255	10	(	(	PUNCT
fbem-8484	255	11	5	5	NUM
fbem-8484	255	12	)	)	PUNCT
fbem-8484	255	13	:	:	PUNCT
fbem-8484	255	14	68	68	NUM
fbem-8484	255	15	-	-	SYM
fbem-8484	255	16	81	81	NUM
fbem-8484	255	17	.	.	PUNCT
fbem-8484	256	1	[	[	X
fbem-8484	256	2	22	22	NUM
fbem-8484	256	3	]	]	PUNCT
fbem-8484	256	4	lifu	lifu	VERB
fbem-8484	256	5	fu	fu	NOUN
fbem-8484	256	6	and	and	CCONJ
fbem-8484	256	7	jian	jian	PROPN
fbem-8484	256	8	wei	wei	PROPN
fbem-8484	256	9	,	,	PUNCT
fbem-8484	256	10	government	government	NOUN
fbem-8484	256	11	regulation	regulation	NOUN
fbem-8484	256	12	,	,	PUNCT
fbem-8484	256	13	interest	interest	NOUN
fbem-8484	256	14	rate	rate	NOUN
fbem-8484	256	15	liberalization	liberalization	NOUN
fbem-8484	256	16	and	and	CCONJ
fbem-8484	256	17	net	net	ADJ
fbem-8484	256	18	interest	interest	NOUN
fbem-8484	256	19	margin	margin	NOUN
fbem-8484	256	20	.	.	PUNCT
fbem-8484	257	1	colletced	colletce	VERB
fbem-8484	257	2	essays	essay	NOUN
fbem-8484	257	3	on	on	ADP
fbem-8484	257	4	finance	finance	NOUN
fbem-8484	257	5	and	and	CCONJ
fbem-8484	257	6	economics	economic	NOUN
fbem-8484	257	7	(	(	PUNCT
fbem-8484	257	8	in	in	ADP
fbem-8484	257	9	chinese	chinese	PROPN
fbem-8484	257	10	)	)	PUNCT
fbem-8484	257	11	,	,	PUNCT
fbem-8484	257	12	2014	2014	NUM
fbem-8484	257	13	,	,	PUNCT
fbem-8484	257	14	(	(	PUNCT
fbem-8484	257	15	7	7	NUM
fbem-8484	257	16	)	)	PUNCT
fbem-8484	257	17	:	:	PUNCT
fbem-8484	257	18	90	90	NUM
fbem-8484	257	19	-	-	SYM
fbem-8484	257	20	97	97	NUM
fbem-8484	257	21	.	.	PUNCT
fbem-8484	258	1	[	[	X
fbem-8484	258	2	23	23	NUM
fbem-8484	258	3	]	]	X
fbem-8484	258	4	shusong	shusong	PROPN
fbem-8484	258	5	ba	ba	PROPN
fbem-8484	258	6	,	,	PUNCT
fbem-8484	258	7	zhongwei	zhongwei	PROPN
fbem-8484	258	8	hua	hua	PROPN
fbem-8484	258	9	,	,	PUNCT
fbem-8484	258	10	and	and	CCONJ
fbem-8484	258	11	yuanqian	yuanqian	PROPN
fbem-8484	258	12	zhu	zhu	PROPN
fbem-8484	258	13	,	,	PUNCT
fbem-8484	258	14	international	international	ADJ
fbem-8484	258	15	comparison	comparison	NOUN
fbem-8484	258	16	of	of	ADP
fbem-8484	258	17	interest	interest	NOUN
fbem-8484	258	18	rate	rate	NOUN
fbem-8484	258	19	liberalization	liberalization	NOUN
fbem-8484	258	20	:	:	PUNCT
fbem-8484	258	21	path	path	NOUN
fbem-8484	258	22	,	,	PUNCT
fbem-8484	258	23	performance	performance	NOUN
fbem-8484	258	24	and	and	CCONJ
fbem-8484	258	25	market	market	NOUN
fbem-8484	258	26	structure	structure	NOUN
fbem-8484	258	27	.	.	PUNCT
fbem-8484	259	1	journal	journal	NOUN
fbem-8484	259	2	of	of	ADP
fbem-8484	259	3	central	central	PROPN
fbem-8484	259	4	china	china	PROPN
fbem-8484	259	5	normal	normal	ADJ
fbem-8484	259	6	university	university	PROPN
fbem-8484	259	7	(	(	PUNCT
fbem-8484	259	8	humanities	humanity	NOUN
fbem-8484	259	9	and	and	CCONJ
fbem-8484	259	10	social	social	ADJ
fbem-8484	259	11	sciences	science	NOUN
fbem-8484	259	12	)	)	PUNCT
fbem-8484	259	13	(	(	PUNCT
fbem-8484	259	14	in	in	ADP
fbem-8484	259	15	chinese	chinese	PROPN
fbem-8484	259	16	)	)	PUNCT
fbem-8484	259	17	,	,	PUNCT
fbem-8484	259	18	2012	2012	NUM
fbem-8484	259	19	,	,	PUNCT
fbem-8484	259	20	vol.51,(5	vol.51,(5	NOUN
fbem-8484	259	21	)	)	PUNCT
fbem-8484	259	22	:	:	PUNCT
fbem-8484	259	23	33	33	NUM
fbem-8484	259	24	-	-	SYM
fbem-8484	259	25	46	46	NUM
fbem-8484	259	26	.	.	PUNCT
fbem-8484	260	1	[	[	X
fbem-8484	260	2	24	24	NUM
fbem-8484	260	3	]	]	PUNCT
fbem-8484	260	4	shuqing	shuqe	VERB
fbem-8484	260	5	huang	huang	PROPN
fbem-8484	260	6	and	and	CCONJ
fbem-8484	260	7	lulu	lulu	PROPN
fbem-8484	260	8	sun	sun	PROPN
fbem-8484	260	9	,	,	PUNCT
fbem-8484	260	10	dynamic	dynamic	ADJ
fbem-8484	260	11	choice	choice	NOUN
fbem-8484	260	12	of	of	ADP
fbem-8484	260	13	commercial	commercial	ADJ
fbem-8484	260	14	banks	bank	NOUN
fbem-8484	260	15	’	’	PART
fbem-8484	260	16	pricing	pricing	NOUN
fbem-8484	260	17	strategies	strategy	NOUN
fbem-8484	260	18	in	in	ADP
fbem-8484	260	19	the	the	DET
fbem-8484	260	20	process	process	NOUN
fbem-8484	260	21	of	of	ADP
fbem-8484	260	22	deposit	deposit	NOUN
fbem-8484	260	23	rate	rate	NOUN
fbem-8484	260	24	liberalization	liberalization	NOUN
fbem-8484	260	25	.	.	PUNCT
fbem-8484	261	1	shanghai	shanghai	PROPN
fbem-8484	261	2	finance	finance	PROPN
fbem-8484	261	3	(	(	PUNCT
fbem-8484	261	4	in	in	ADP
fbem-8484	261	5	chinese	chinese	PROPN
fbem-8484	261	6	)	)	PUNCT
fbem-8484	261	7	,	,	PUNCT
fbem-8484	261	8	2014	2014	NUM
fbem-8484	261	9	,	,	PUNCT
fbem-8484	261	10	(	(	PUNCT
fbem-8484	261	11	5	5	NUM
fbem-8484	261	12	)	)	PUNCT
fbem-8484	261	13	:	:	PUNCT
fbem-8484	261	14	3439	3439	NUM
fbem-8484	261	15	.	.	PUNCT
fbem-8484	262	1	[	[	X
fbem-8484	262	2	25	25	NUM
fbem-8484	262	3	]	]	PUNCT
fbem-8484	262	4	shujun	shujun	PROPN
fbem-8484	262	5	wang	wang	PROPN
fbem-8484	262	6	and	and	CCONJ
fbem-8484	262	7	jiangang	jiangang	PROPN
fbem-8484	262	8	peng	peng	PROPN
fbem-8484	262	9	,	,	PUNCT
fbem-8484	262	10	the	the	DET
fbem-8484	262	11	studies	study	NOUN
fbem-8484	262	12	on	on	ADP
fbem-8484	262	13	the	the	DET
fbem-8484	262	14	measurement	measurement	NOUN
fbem-8484	262	15	and	and	CCONJ
fbem-8484	262	16	performanceof	performanceof	PROPN
fbem-8484	262	17	china	china	PROPN
fbem-8484	262	18	’s	’s	PART
fbem-8484	262	19	interest	interest	NOUN
fbem-8484	262	20	rate	rate	NOUN
fbem-8484	262	21	liberalization	liberalization	NOUN
fbem-8484	262	22	:	:	PUNCT
fbem-8484	262	23	empirical	empirical	ADJ
fbem-8484	262	24	analysis	analysis	NOUN
fbem-8484	262	25	based	base	VERB
fbem-8484	262	26	on	on	ADP
fbem-8484	262	27	the	the	DET
fbem-8484	262	28	bank	bank	NOUN
fbem-8484	262	29	credit	credit	NOUN
fbem-8484	262	30	channel	channel	NOUN
fbem-8484	262	31	.	.	PUNCT
fbem-8484	263	1	financial	financial	ADJ
fbem-8484	263	2	economics	economic	NOUN
fbem-8484	263	3	research	research	NOUN
fbem-8484	263	4	(	(	PUNCT
fbem-8484	263	5	in	in	ADP
fbem-8484	263	6	chinese	chinese	PROPN
fbem-8484	263	7	)	)	PUNCT
fbem-8484	263	8	,	,	PUNCT
fbem-8484	263	9	2014	2014	NUM
fbem-8484	263	10	,	,	PUNCT
fbem-8484	263	11	vol.29	vol.29	NOUN
fbem-8484	263	12	,	,	PUNCT
fbem-8484	263	13	(	(	PUNCT
fbem-8484	263	14	6	6	NUM
fbem-8484	263	15	)	)	PUNCT
fbem-8484	263	16	:	:	PUNCT
fbem-8484	263	17	75	75	NUM
fbem-8484	263	18	-	-	SYM
fbem-8484	263	19	85	85	NUM
fbem-8484	263	20	.	.	PUNCT
fbem-8484	264	1	[	[	X
fbem-8484	264	2	26	26	NUM
fbem-8484	264	3	]	]	PUNCT
fbem-8484	264	4	j.	j.	PROPN
fbem-8484	264	5	nguyen	nguyen	PROPN
fbem-8484	264	6	,	,	PUNCT
fbem-8484	264	7	“	"	PUNCT
fbem-8484	264	8	the	the	DET
fbem-8484	264	9	relationship	relationship	NOUN
fbem-8484	264	10	between	between	ADP
fbem-8484	264	11	net	net	ADJ
fbem-8484	264	12	interest	interest	NOUN
fbem-8484	264	13	margin	margin	NOUN
fbem-8484	264	14	and	and	CCONJ
fbem-8484	264	15	noninterest	noninter	ADJ
fbem-8484	264	16	income	income	NOUN
fbem-8484	264	17	using	use	VERB
fbem-8484	264	18	a	a	DET
fbem-8484	264	19	sysyem	sysyem	ADJ
fbem-8484	264	20	estimation	estimation	NOUN
fbem-8484	264	21	approach	approach	NOUN
fbem-8484	264	22	”	"	PUNCT
fbem-8484	264	23	.	.	PUNCT
fbem-8484	265	1	journal	journal	PROPN
fbem-8484	265	2	of	of	ADP
fbem-8484	265	3	banking	banking	NOUN
fbem-8484	265	4	and	and	CCONJ
fbem-8484	265	5	finance	finance	NOUN
fbem-8484	265	6	,	,	PUNCT
fbem-8484	265	7	2012	2012	NUM
fbem-8484	265	8	,	,	PUNCT
fbem-8484	265	9	36(9	36(9	NUM
fbem-8484	265	10	)	)	PUNCT
fbem-8484	265	11	,	,	PUNCT
fbem-8484	265	12	2429	2429	NUM
fbem-8484	265	13	-	-	SYM
fbem-8484	265	14	2437	2437	NUM
fbem-8484	265	15	.	.	PUNCT
fbem-8484	266	1	[	[	X
fbem-8484	266	2	27	27	NUM
fbem-8484	266	3	]	]	X
fbem-8484	266	4	j.	j.	PROPN
fbem-8484	266	5	maudos	maudos	PROPN
fbem-8484	266	6	and	and	CCONJ
fbem-8484	266	7	l.	l.	PROPN
fbem-8484	266	8	solís	solís	PROPN
fbem-8484	266	9	,	,	PUNCT
fbem-8484	266	10	the	the	DET
fbem-8484	266	11	determinants	determinant	NOUN
fbem-8484	266	12	of	of	ADP
fbem-8484	266	13	net	net	ADJ
fbem-8484	266	14	interest	interest	NOUN
fbem-8484	266	15	income	income	NOUN
fbem-8484	266	16	in	in	ADP
fbem-8484	266	17	the	the	DET
fbem-8484	266	18	mexican	mexican	ADJ
fbem-8484	266	19	banking	banking	NOUN
fbem-8484	266	20	system	system	NOUN
fbem-8484	266	21	:	:	PUNCT
fbem-8484	266	22	an	an	DET
fbem-8484	266	23	integrated	integrated	ADJ
fbem-8484	266	24	model	model	NOUN
fbem-8484	266	25	.	.	PUNCT
fbem-8484	267	1	journal	journal	PROPN
fbem-8484	267	2	of	of	ADP
fbem-8484	267	3	banking	banking	NOUN
fbem-8484	267	4	and	and	CCONJ
fbem-8484	267	5	finance	finance	NOUN
fbem-8484	267	6	,	,	PUNCT
fbem-8484	267	7	2009	2009	NUM
fbem-8484	267	8	,	,	PUNCT
fbem-8484	267	9	vol.33	vol.33	PRON
fbem-8484	267	10	,	,	PUNCT
fbem-8484	267	11	1920	1920	NUM
fbem-8484	267	12	-	-	SYM
fbem-8484	267	13	1931	1931	NUM
fbem-8484	267	14	.	.	PUNCT
fbem-8484	268	1	[	[	X
fbem-8484	268	2	28	28	NUM
fbem-8484	268	3	]	]	X
fbem-8484	268	4	l.	l.	PROPN
fbem-8484	268	5	lepetit	lepetit	PROPN
fbem-8484	268	6	,	,	PUNCT
fbem-8484	268	7	e.	e.	PROPN
fbem-8484	268	8	nys	nys	PROPN
fbem-8484	268	9	,	,	PUNCT
fbem-8484	268	10	p.	p.	NOUN
fbem-8484	268	11	rous	rous	ADJ
fbem-8484	268	12	,	,	PUNCT
fbem-8484	268	13	and	and	CCONJ
fbem-8484	268	14	a.	a.	NOUN
fbem-8484	268	15	tarazi	tarazi	NOUN
fbem-8484	268	16	,	,	PUNCT
fbem-8484	268	17	bank	bank	NOUN
fbem-8484	268	18	income	income	NOUN
fbem-8484	268	19	structure	structure	NOUN
fbem-8484	268	20	and	and	CCONJ
fbem-8484	268	21	risk	risk	NOUN
fbem-8484	268	22	:	:	PUNCT
fbem-8484	268	23	an	an	DET
fbem-8484	268	24	empirical	empirical	ADJ
fbem-8484	268	25	analysis	analysis	NOUN
fbem-8484	268	26	of	of	ADP
fbem-8484	268	27	european	european	ADJ
fbem-8484	268	28	banks	bank	NOUN
fbem-8484	268	29	.	.	PUNCT
fbem-8484	269	1	journal	journal	NOUN
fbem-8484	269	2	of	of	ADP
fbem-8484	269	3	banking	banking	NOUN
fbem-8484	269	4	and	and	CCONJ
fbem-8484	269	5	finance	finance	NOUN
fbem-8484	269	6	,	,	PUNCT
fbem-8484	269	7	2008	2008	NUM
fbem-8484	269	8	,	,	PUNCT
fbem-8484	269	9	vol.32	vol.32	ADJ
fbem-8484	269	10	,	,	PUNCT
fbem-8484	269	11	1452	1452	NUM
fbem-8484	269	12	-	-	SYM
fbem-8484	269	13	1467	1467	NUM
fbem-8484	269	14	.	.	PUNCT
fbem-8484	270	1	[	[	X
fbem-8484	270	2	29	29	NUM
fbem-8484	270	3	]	]	X
fbem-8484	270	4	zhenguo	zhenguo	PROPN
fbem-8484	270	5	han	han	PROPN
fbem-8484	270	6	and	and	CCONJ
fbem-8484	270	7	yajun	yajun	PROPN
fbem-8484	270	8	wang	wang	PROPN
fbem-8484	270	9	,	,	PUNCT
fbem-8484	270	10	factors	factor	NOUN
fbem-8484	270	11	affecting	affect	VERB
fbem-8484	270	12	commercial	commercial	ADJ
fbem-8484	270	13	bank	bank	NOUN
fbem-8484	270	14	spreads	spread	VERB
fbem-8484	270	15	under	under	ADP
fbem-8484	270	16	interest	interest	NOUN
fbem-8484	270	17	rate	rate	NOUN
fbem-8484	270	18	liberalization	liberalization	NOUN
fbem-8484	270	19	.	.	PUNCT
fbem-8484	271	1	journal	journal	PROPN
fbem-8484	271	2	of	of	ADP
fbem-8484	271	3	capital	capital	PROPN
fbem-8484	271	4	university	university	PROPN
fbem-8484	271	5	of	of	ADP
fbem-8484	271	6	economics	economic	NOUN
fbem-8484	271	7	and	and	CCONJ
fbem-8484	271	8	business	business	NOUN
fbem-8484	271	9	(	(	PUNCT
fbem-8484	271	10	in	in	ADP
fbem-8484	271	11	chinese	chinese	PROPN
fbem-8484	271	12	)	)	PUNCT
fbem-8484	271	13	,	,	PUNCT
fbem-8484	271	14	2017	2017	NUM
fbem-8484	271	15	,	,	PUNCT
fbem-8484	271	16	vol.19	vol.19	NOUN
fbem-8484	271	17	,	,	PUNCT
fbem-8484	271	18	(	(	PUNCT
fbem-8484	271	19	1	1	NUM
fbem-8484	271	20	)	)	PUNCT
fbem-8484	271	21	:	:	PUNCT
fbem-8484	271	22	18	18	NUM
fbem-8484	271	23	-	-	SYM
fbem-8484	271	24	24	24	NUM
fbem-8484	271	25	.	.	PUNCT
fbem-8484	272	1	[	[	X
fbem-8484	272	2	30	30	NUM
fbem-8484	272	3	]	]	X
fbem-8484	272	4	s.	s.	PROPN
fbem-8484	272	5	gerlach	gerlach	PROPN
fbem-8484	272	6	,	,	PUNCT
fbem-8484	272	7	w.	w.	PROPN
fbem-8484	272	8	peng	peng	PROPN
fbem-8484	272	9	,	,	PUNCT
fbem-8484	272	10	and	and	CCONJ
fbem-8484	272	11	c.	c.	PROPN
fbem-8484	272	12	shu	shu	PROPN
fbem-8484	272	13	,	,	PUNCT
fbem-8484	272	14	macroeconomic	macroeconomic	ADJ
fbem-8484	272	15	conditions	condition	NOUN
fbem-8484	272	16	and	and	CCONJ
fbem-8484	272	17	banking	banking	NOUN
fbem-8484	272	18	performance	performance	NOUN
fbem-8484	272	19	in	in	ADP
fbem-8484	272	20	hong	hong	PROPN
fbem-8484	272	21	kong	kong	PROPN
fbem-8484	272	22	sar	sar	PROPN
fbem-8484	272	23	:	:	PUNCT
fbem-8484	272	24	a	a	DET
fbem-8484	272	25	panel	panel	NOUN
fbem-8484	272	26	data	datum	NOUN
fbem-8484	272	27	study	study	NOUN
fbem-8484	272	28	.	.	PUNCT
fbem-8484	273	1	bis	bis	PROPN
fbem-8484	273	2	papers	paper	NOUN
fbem-8484	273	3	,	,	PUNCT
fbem-8484	273	4	2005	2005	NUM
fbem-8484	273	5	,	,	PUNCT
fbem-8484	273	6	22(2	22(2	NUM
fbem-8484	273	7	)	)	PUNCT
fbem-8484	273	8	,	,	PUNCT
fbem-8484	273	9	481–497	481–497	NUM
fbem-8484	273	10	.	.	PUNCT
fbem-8484	274	1	[	[	X
fbem-8484	274	2	31	31	NUM
fbem-8484	274	3	]	]	PUNCT
fbem-8484	274	4	a.	a.	PROPN
fbem-8484	274	5	e.	e.	PROPN
fbem-8484	274	6	omankhanlen	omankhanlen	PROPN
fbem-8484	274	7	,	,	PUNCT
fbem-8484	274	8	n.	n.	PROPN
fbem-8484	274	9	ilori	ilori	PROPN
fbem-8484	274	10	,	,	PUNCT
fbem-8484	274	11	a.	a.	PROPN
fbem-8484	274	12	a.	a.	PROPN
fbem-8484	274	13	isibor	isibor	PROPN
fbem-8484	274	14	,	,	PUNCT
fbem-8484	274	15	and	and	CCONJ
fbem-8484	274	16	l.	l.	PROPN
fbem-8484	274	17	u.	u.	PROPN
fbem-8484	274	18	okoye	okoye	PROPN
fbem-8484	274	19	,	,	PUNCT
fbem-8484	274	20	monetary	monetary	ADJ
fbem-8484	274	21	policies	policy	NOUN
fbem-8484	274	22	and	and	CCONJ
fbem-8484	274	23	the	the	DET
fbem-8484	274	24	achievement	achievement	NOUN
fbem-8484	274	25	of	of	ADP
fbem-8484	274	26	bank	bank	NOUN
fbem-8484	274	27	profit	profit	NOUN
fbem-8484	274	28	objectives	objective	NOUN
fbem-8484	274	29	.	.	PUNCT
fbem-8484	275	1	journal	journal	NOUN
fbem-8484	275	2	of	of	ADP
fbem-8484	275	3	central	central	ADJ
fbem-8484	275	4	banking	banking	NOUN
fbem-8484	275	5	theory	theory	NOUN
fbem-8484	275	6	and	and	CCONJ
fbem-8484	275	7	practice	practice	NOUN
fbem-8484	275	8	,	,	PUNCT
fbem-8484	275	9	2021	2021	NUM
fbem-8484	275	10	,	,	PUNCT
fbem-8484	275	11	2(1	2(1	NUM
fbem-8484	275	12	)	)	PUNCT
fbem-8484	275	13	,	,	PUNCT
fbem-8484	275	14	201	201	NUM
fbem-8484	275	15	-	-	SYM
fbem-8484	275	16	220	220	NUM
fbem-8484	275	17	.	.	PUNCT