The Real Effects of Bank Capital Requirements
| hal.structure.identifier | Les Afriques dans le monde [LAM] | |
| dc.contributor.author | BRUN, Matthieu | |
| dc.contributor.author | FRAISSE, Henri | |
| hal.structure.identifier | Groupement de Recherche et d'Etudes en Gestion à HEC [GREGH] | |
| dc.contributor.author | THESMAR, David | |
| dc.date.created | 2013-07-05 | |
| dc.description.abstractEn | We measure the impact of bank capital requirements on corporate borrowing and investment using loan-level data. The Basel II regulatory framework makes capital requirements vary across both banks and across firms, which allows us to control for firm-level credit demand shocks and bank-level credit supply shocks. We find that a 1 percentage point increase in capital requirements reduces lending by 10%. Firms can attenuate this reduction by substituting borrowing across banks, but only partially. The resulting reduction in borrowing capacity impacts investment, but not working capital: Fixed assets are reduced by 2.6%, but lending to customers is unaffected. | |
| dc.language.iso | en | |
| dc.rights.uri | http://hal.archives-ouvertes.fr/licences/copyright/ | |
| dc.subject.en | Bank capital ratios | |
| dc.subject.en | Bank regulation | |
| dc.subject.en | Credit supply | |
| dc.title.en | The Real Effects of Bank Capital Requirements | |
| dc.type | Document de travail - Pré-publication | |
| dc.subject.hal | Sciences de l'Homme et Société/Gestion et management | |
| dc.subject.jel | E - Macroeconomics and Monetary Economics/E.E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit/E.E5.E51 - Money Supply • Credit • Money Multipliers | |
| dc.subject.jel | G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages | |
| dc.subject.jel | G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G28 - Government Policy and Regulation | |
| hal.identifier | hal-02011435 | |
| hal.version | 1 | |
| hal.origin.link | https://hal.archives-ouvertes.fr//hal-02011435v1 | |
| bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.au=BRUN,%20Matthieu&FRAISSE,%20Henri&THESMAR,%20David&rft.genre=preprint |
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