| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13331 |
| DP13331 To Ask or Not To Ask? Bank Capital Requirements and Loan Collateralization | |
| Hans Degryse; Artashes Karapetyan | |
| 发表日期 | 2018-11-20 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We study the impact of higher capital requirements on banks’ decisions to grant collateralized rather than uncollateralized loans. We exploit the 2011 EBA capital exercise, a quasi-natural experiment that required a number of banks to increase their regulatory capital but not others. This experiment makes secured lending more attractive vis-à-vis unsecured lending for the affected banks as secured loans require less regulatory capital. Using a loan-level dataset covering all corporate loans in Portugal, we identify a novel channel of higher capital requirements: relative to the control group, treated banks require loans to be collateralized more often after the shock, but less so for relationship borrowers. This applies in particular for collateral that saves more on regulatory capital. |
| 主题 | Financial Economics |
| 关键词 | Capital requirements Collateral Relationship lending Lending technology |
| URL | https://cepr.org/publications/dp13331 |
| 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/542143 |
| 推荐引用方式 GB/T 7714 | Hans Degryse,Artashes Karapetyan. DP13331 To Ask or Not To Ask? Bank Capital Requirements and Loan Collateralization. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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