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Tracing the Mechanism in Latin America
出版Bank for International Settlements, Monetary and Economic Department, 2022
URLhttp://books.google.com.hk/books?id=sYOIzwEACAAJ&hl=&source=gbs_api
註釋We explore the mechanism that links capital inflows from abroad with domestic bank lending. Five Latin American countries use their credit registry data to examine the changes in outstanding loans and prices that are charged by banks with different balance sheet characteristics. Our meta-analysis sums up their results. We find that high capital inflows generally induce weak banks to relax their lending standards. For the most vulnerable market segment, where weak banks lend to risky firms, only banks with low capital ratios tend to lend more and charge less during periods of high capital inflows. Financial stability concerns could arise, but they are limited as even low-capital banks have capital ratios above the regulatory minimum.