How Does Regulation Affect the Risk Taking of Banks? A U.S. and Canadian Perspective

IF 3.9 3区 管理学 Q1 PUBLIC ADMINISTRATION Journal of Comparative Policy Analysis Pub Date : 2001-06-01 DOI:10.1080/13876980108412654
J. Hendrickson, Mark W. Nichols
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引用次数: 11

Abstract

This historical study utilizes annual insured bank data from 1936 through 1989 to empirically evaluate the impact of bank regulation on bank risk taking in a cross-country comparison of the United States and Canada. Risk is hypothesized to be determined, in part, by the regulatory environment in which a bank operates. The findings of this analysis contributes to the contemporary deregulation policy debate, since both branch banking restrictions and deposit insurance variables are found to be detrimental to bank stability. More specifically, these results support the 1994 Riegle–Neal Interstate Banking and Branching Efficiency Act, which removed legislative barriers to interstate branching. These results also confirm expectations that deposit insurance increases risk taking and supports the 1991 mandate by regulators that risk-based deposit insurance be created. Further, these findings support the 1988 Basel Accord to standardize bank capital requirements internationally and to link these standards to bank risk taking.
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监管如何影响银行的风险承担?美国和加拿大的视角
本历史研究利用1936年至1989年的年度保险银行数据,在美国和加拿大的跨国比较中实证评估银行监管对银行风险承担的影响。假设风险部分取决于银行所处的监管环境。这一分析的结果有助于当代放松管制政策的辩论,因为分行银行限制和存款保险变量都被发现对银行稳定有害。更具体地说,这些结果支持了1994年的Riegle-Neal州际银行和分支效率法案,该法案消除了州际分支的立法障碍。这些结果也证实了存款保险会增加风险承担的预期,并支持了1991年监管机构提出的建立基于风险的存款保险的要求。此外,这些发现支持1988年《巴塞尔协议》在国际上标准化银行资本要求,并将这些标准与银行风险承担联系起来。
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来源期刊
CiteScore
6.90
自引率
6.10%
发文量
22
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