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The Effects of Higher Bank Capital Requirements on Credit in Peru

Xiang FangDavid JutrsaMr.Maria Soledad Martinez PeriaAndrea PresbiteroMr.Lev RatnovskiMr.Felix J Vardy

出版	International Monetary Fund, 2018-09-28
主題	Business & Economics / Banks & BankingBusiness & Economics / Money & Monetary PolicyBusiness & Economics / Industries / Financial Services
ISBN	14843783699781484378366
URL	http://books.google.com.hk/books?id=LJ8ZEAAAQBAJ&hl=&source=gbs_api
EBook	SAMPLE

註釋

This paper offers novel evidence on the impact of raising bank capital requirements in the context of an emerging market: Peru. Using quarterly bank-level data and exploiting the adoption of bank-specific capital buffers, we find that higher capital requirements have a short-lived, negative impact on bank credit in Peru, although this effect becomes statistically insignificant in about half a year. This finding is robust to estimating different specifications to address concerns about the exogeneity of capital requirements. The fact that the reform was gradual and pre-announced and that banks were highly profitable at the time could explain the short-lived effects on credit.