Sami Ben Naceur, Caroline Roulet, (2017), “Basel III and Bank-Lending: Evidence from the United States and Europe”, IMF Working Paper No.17/245, 15 Νοεμβρίου
Using data on commercial banks in the United States and Europe, this paper analyses the impact of the new Basel III capital and liquidity regulation on bank-lending following the 2008 financial crisis. We find that U.S. banks reinforce their risk absorption capacities when expanding their credit activities. Capital ratios have significant, negative impacts on bank-retail-and-other-lending-growth for large European banks in the context of deleveraging and the “credit crunch” in Europe over the post-2008 financial crisis period. Additionally, liquidity indicators have positive but perverse effects on bank-lending-growth, which supports the need to consider heterogeneous banks’ characteristics and behaviors when implementing new regulatory policies.
Σχετικές Αναρτήσεις
- Kanngiesser, Derrick, Martin, Reiner, Maurin, Laurent, Moccero, Diego, (2017), «Estimating the impact of shocks to bank capital in the euro area», ECB, Ιούνιος
- European Central Bank, (2017), «Results of the April 2017 euro area bank lending survey», ECB, 25 Απριλίου