| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11607 |
| DP11607 A positive analysis of bank behaviour under capital requirements | |
| Frederic Malherbe; Saleem Bahaj | |
| 发表日期 | 2016-11-04 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We propose a theory of bank behaviour under capital requirements. The sign of the lending response to a change in capital requirement is ambiguous due to the interplay between risk-taking incentives and debt overhang considerations. Optimal lending is typically U-shaped in the capital requirement. Changes in expected returns on loans shift this relationship. The lower expected returns the lower its slope. Using UK regulatory data (1989-2007), we find support for this prediction. It follows that a bank mainly adjusts to a higher capital requirement through cutting lending when expected returns are low, and by raising capital when they are high. |
| 主题 | Financial Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| URL | https://cepr.org/publications/dp11607 |
| 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/540421 |
| 推荐引用方式 GB/T 7714 | Frederic Malherbe,Saleem Bahaj. DP11607 A positive analysis of bank behaviour under capital requirements. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
