Basel III and bank-lending: Evidence from the United States and Europe

被引：60

作者：

Ben Naceur, S. ^{[1
]}

Marton, Katherin ^{[2
]}

Roulet, Caroline ^{[3
]}

机构：

[1] Int Monetary Fund, Washington, DC 20431 USA

[2] Fordham Univ, New York, NY 10023 USA

[3] OECD, Paris, France

来源：

JOURNAL OF FINANCIAL STABILITY | 2018年 / 39卷

关键词：

Lending supply; Bank regulatory capital; Liquidity requirements; Banking regulation; MONETARY-POLICY; CREDIT; SIZE;

D O I：

10.1016/j.jfs.2018.08.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using data on bank holding companies in the United States and Europe, this paper analyses the impact of capital and liquidity on bank-lending-growth following the 2008 financial crisis, and the new measures inspired by the Basel III regulatory framework. 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. (C) 2018 Elsevier B.V. All rights reserved.

引用

页码：1 / 27

页数：27

共 77 条

[11]

[Anonymous], 2011, BAS 3 GLOB REG FRAM

[12]

Atkinson P. E., 2012, OECD FINANCIAL MARKE, V2, P69

[13]

Atkinson P E., 2013, OECD Financial Market Trends, V2, P69

[14]

Baltagi B., 2013, Econometric Analysis of Panel Data, Vfifth