本文探討資金流動性風險與銀行風險承擔行為之間的關係，通過使用日本地方銀行協會和日本銀行的經濟數據進行研究。研究結果表明，資金流動性風險較低（存款較高）的銀行更傾向於承擔更多風險。然而，在全球金融危機期間，即使面臨較低的資金流動性風險，銀行也會對風險承擔保持謹慎。進一步分析顯示，在負利率政策期間，存款與銀行風險承擔行為之間的關係有所加強。最後，在新冠疫情背景下，即使資金流動性風險較低，銀行也不太願意承擔額外風險。

The relationship between funding liquidity risk and banks' risk-taking behavior was tested using data from the Regional Banks Association of Japan and the Bank of Japan Time-Series Data Search. The findings indicated that banks with lower funding liquidity risk, as indicated by higher deposits, were more likely to take more risks. However, it was observed that banks during the Global Financial Crisis would be cautious about risk-taking even when experiencing lower funding liquidity risk. Further analysis revealed the relationship between deposits and bank risk-taking behavior was strengthened during the Negative Interest Rate Policy. Lastly, in the context of the COVID-19 pandemic, banks were less inclined to take additional risks, even with low funding liquidity risk.

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