银行监管资本的成本

IF 6.8 1区 经济学 Q1 BUSINESS, FINANCE Review of Financial Studies Pub Date : 2023-10-07 DOI:10.1093/rfs/hhad077
Matthew C Plosser, João A C Santos
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引用次数: 0

摘要

《巴塞尔协议I》引入了对未兑现承诺的资本要求,但仅限于原始到期日大于一年的左轮手枪。我们使用这种监管不连续性来估计资本监管对信贷成本和构成的影响。在巴塞尔协议I之后,短期承诺费用相对于长期承诺有所下降,短期贷款的发行有所增加。我们的研究结果突出了信贷供应对资本监管的敏感性,特别是对于资本较少的银行。我们可以推断,低资本银行愿意放弃两倍的手续费收入,以减少1美元的监管资本要求。
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The Cost of Bank Regulatory Capital
Basel I introduced capital requirements for undrawn commitments, but only for revolvers with an original maturity greater than one year. We use this regulatory discontinuity to estimate the impact of capital regulation on the cost and composition of credit. Following Basel I, short-term commitment fees declined relative to long-term commitments and issuance of short-term facilities increased. Our results highlight the sensitivity of credit provision to capital regulation, particularly for banks with less capital. We are able to infer that low-capital banks are willing to forego twice as much income from fees to reduce required regulatory capital by a dollar.
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来源期刊
CiteScore
16.00
自引率
2.40%
发文量
83
期刊介绍: The Review of Financial Studies is a prominent platform that aims to foster and widely distribute noteworthy research in financial economics. With an expansive editorial board, the Review strives to maintain a balance between theoretical and empirical contributions. The primary focus of paper selection is based on the quality and significance of the research to the field of finance, rather than its level of technical complexity. The scope of finance within the Review encompasses its intersection with economics. Sponsoring The Society for Financial Studies, the Review and the Society appoint editors and officers through limited terms.
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