The Impact of Monetary Policy on the Risk of Insolvency at Vietnamese Commercial Banks - 12
3 Characteristics of each commercial bank Market competition LERNER Lerner = P i,t −MC i,t P i,t - Diversify income INC non-interest income total operating income - 3 Macroeconomic conditions GDP growth rate GRO GDP t − GDP t−1 GDP t−1 + Inflation rate INF CPI t − CPI t−1 CPI t−1 CPI ...



