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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15564 |
DP15564 GSIB status and corporate lending: An international analysis | |
Hans Degryse; Mike Mariathasan; Thi Hien Tang | |
发表日期 | 2020-12-16 |
出版年 | 2020 |
语种 | 英语 |
摘要 | Global Systemically Important Banks (GSIBs) benefit from implicit government guarantees but face additional capital requirements and oversight. This paper examines the effectiveness of the Financial Stability Board’s recently introduced GSIB-framework and its short-run implications for the real economy, by exploiting the leak of a partially accurate GSIB list by the Financial Times. We find that GSIB-designation reduces the supply of syndicated loans to risky corporate borrowers by 8%, and that these borrowers experience lower asset-, investment- and sales growth than similar firms borrowing from non-GSIB banks. The results appear to be driven by stricter supervision, not by higher capital surcharges. |
主题 | Financial Economics |
URL | https://cepr.org/publications/dp15564 |
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/544570 |
推荐引用方式 GB/T 7714 | Hans Degryse,Mike Mariathasan,Thi Hien Tang. DP15564 GSIB status and corporate lending: An international analysis. 2020. |
条目包含的文件 | 条目无相关文件。 |
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