| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11265 |
| DP11265 The Real Effects of Capital Requirements and Monetary Policy: Evidence from the United Kingdom | |
| Tomasz Wieladek; Filippo De Marco | |
| 发表日期 | 2016-05-09 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We study the effects of bank-specific capital requirements on Small and Medium Enterprises (SMEs) in the UK from 1998 to 2006. Following a 1% increase in capital requirements, SMEs’ asset growth contracts by 6.9% in the first year of a new bank-firm relationship, but the effect declines over time. We also compare the effects of capital requirements to those of monetary policy. Monetary policy only affects firms with higher credit risk and those borrowing from small banks, whereas capital requirements affect both. Capital requirement changes, instead, do not affect firms with alternative sources of finance, but monetary policy shocks do. |
| 主题 | Financial Economics ; Monetary Economics and Fluctuations |
| 关键词 | Capital requirements Firm-level real effects Smes Relationship lending Prudential and monetary policy |
| URL | https://cepr.org/publications/dp11265 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540082 |
| 推荐引用方式 GB/T 7714 | Tomasz Wieladek,Filippo De Marco. DP11265 The Real Effects of Capital Requirements and Monetary Policy: Evidence from the United Kingdom. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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