| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13942 |
| DP13942 The countercyclical capital buffer and the composition of bank lending | |
| Raphael Auer; Steven Ongena | |
| 发表日期 | 2019-08-21 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this question, we identify the compositional changes in banks’ supply of credit using the variation in their holdings of residential mortgages on which extra capital requirements were uniformly imposed by the countercyclical capital buffer (CCyB) introduced in Switzerland in 2012. We find that the CCyB’s introduction led to higher growth in commercial lending although this was unrelated to conditions in regional housing markets. Interest rates and fees charged to the firms concurrently increased. We rationalize these findings in a model featuring both private and firm-specific collateral. |
| 主题 | Financial Economics ; International Macroeconomics and Finance ; Monetary Economics and Fluctuations |
| 关键词 | Macroprudential policy Spillovers Credit Bank capital Systemic risk |
| URL | https://cepr.org/publications/dp13942 |
| 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/542824 |
| 推荐引用方式 GB/T 7714 | Raphael Auer,Steven Ongena. DP13942 The countercyclical capital buffer and the composition of bank lending. 2019. |
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