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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15278 |
DP15278 Forward looking loan provisions: Credit supply and risk-taking | |
José-Luis Peydró; Gaizka Ormazabal; Bernardo Morais; Monica Roa; Miguel Sarmiento | |
发表日期 | 2020-09-10 |
出版年 | 2020 |
语种 | 英语 |
摘要 | We show corporate-level real, financial, and (bank) risk-taking effects associated with calculating loan provisions based on expected—rather than incurred—credit losses. For identification, we exploit unique features of a Colombian reform and supervisory, matched loan-level data. The regulatory change induces a dramatic increase in provisions. Banks tighten all new lending conditions, adversely affecting borrowing-firms, with stronger effects for risky-firms. Moreover, to minimize provisioning, more affected (less-capitalized) banks cut credit supply to risky-firms— SMEs with shorter credit history, less tangible assets or more defaulted loans—but engage in “search-for-yield” within regulatory constraints and increase portfolio concentration, thereby decreasing risk diversification. |
主题 | International Macroeconomics and Finance |
关键词 | Loan provisions Ifrs9 Ecl Corporate real and credit supply effects of accounting Bank risk-taking |
URL | https://cepr.org/publications/dp15278 |
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/544254 |
推荐引用方式 GB/T 7714 | José-Luis Peydró,Gaizka Ormazabal,Bernardo Morais,et al. DP15278 Forward looking loan provisions: Credit supply and risk-taking. 2020. |
条目包含的文件 | 条目无相关文件。 |
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