银行监管:资本充足率、金融体系和监管过程的系统观点

Q4 Social Sciences Credit and Capital Markets Pub Date : 2020-09-01 DOI:10.3790/ccm.53.3.305
Hans-Peter Burghof
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引用次数: 0

摘要

在为德国联邦议院财政委员会就《巴塞尔协议III》的最终确定发表的评论中,我仔细研究了关于银行股本成本的辩论,研究了实际监管制度引发的激励效应和潜在扭曲,最后将银行监管描述为一个滞后的过程,它会产生监管不足和过度监管的有害阶段。关于第一个主题,我在金融中介理论中发现了强有力的论据,与Admati等人(2010)的有影响力的论文中的推理相反,银行股本确实是昂贵的,过高的资本要求会阻碍银行体系的效率。此外,我还指出了当今监管环境的几种激励效应,这些效应导致银行体系更加同质化,银行规模更大。这种发展可能对效率产生负面影响,特别是在德国经济的特殊需要方面。尽管在新制度下,单个银行可能更安全,但不断演变的结构可能会包含更高的系统性风险。
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Banking Regulation: A Systemic View on Capital Adequacy, Financial Systems and the Regulatory Process
In a comment for the Finance Committee of the Deutscher Bundestag on the finalization of Basel III, I scrutinize the debate on the costs of bank equity, look at the incentive effects and potential distortions provoked by the actual regulatory regimes, and finally describe banks’ regulation as a hysteretic process that creates detrimental phases of under- und overregulation. With regard to the first topic, I find strong arguments in the theory of financial intermediation that, in contradiction to the reasoning in the influential paper of Admati et al. (2010), bank equity is indeed costly and excessive capital requirements would hamper the efficiency of the banking system. Furthermore, I identify several incentive effects of today’s regulatory setting that lead to a more homogenous banking system with larger banks. This development could have negative effect on efficiency, in particular with regard to special needs of the German economy. And although the indivi­dual banks might be safer under the new regime, the evolving structure will probably contain a higher systemic risk.
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来源期刊
Credit and Capital Markets
Credit and Capital Markets Social Sciences-Law
CiteScore
0.50
自引率
0.00%
发文量
9
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