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Real effects of bank capital regulations : Global evidence
(12.08.2017)
Bank of Finland Research Discussion Papers 23/2017
Bank of Finland Research Discussion Papers 23/2017
We examine the effect of the full set of bank capital regulations (capital stringency) on loan growth, using bank-level data for a maximum of 125 countries over the period 1998-2011. Contrary to standard theoretical ...
Model-based regulation and firms' access to finance
(15.02.2019)
Bank of Finland Research Discussion Papers 4/2019
Bank of Finland Research Discussion Papers 4/2019
This paper investigates the impact of the model-based approach to bank capital regulation (i.e. the Internal Ratings Based Approach; IRBA) on firms' access to finance. A difference-in-differences methodology is used given ...
Indicators used in setting the countercyclical capital buffer
(16.03.2015)
Bank of Finland Research Discussion Papers 8/2015
Bank of Finland Research Discussion Papers 8/2015
According to EU legislation, the national authorities should use the principle of 'guided discretion' in setting the countercyclical capital buffer (CCB), which increases banks' resilience against systemic risk associated ...
Enforcement of banking regulation and the cost of borrowing
(18.10.2018)
Bank of Finland Research Discussion Papers 19/2018
Bank of Finland Research Discussion Papers 19/2018
We show that borrowing firms benefit substantially from important enforcement actions issued on U.S. banks for safety and soundness reasons. Using hand-collected data on such actions from the main three U.S. regulators and ...
Did the Basel process of capital regulation enhance the resiliency of European Banks?
(27.09.2018)
Bank of Finland Research Discussion Papers 16/2018
Bank of Finland Research Discussion Papers 16/2018
This paper analyses the evolution of the safety and soundness of the European banking sector during the various stages of the Basel process of capital regulation. In the first part we document the evolution of various ...
Are bank capital requirements optimally set? Evidence from researchers’ views
(02.06.2020)
Bank of Finland Research Discussion Papers 10/2020
Bank of Finland Research Discussion Papers 10/2020
We survey 149 leading academic researchers on bank capital regulation. The median (average) respondent prefers a 10% (15%) minimum non-risk-weighted equity-to-assets ratio, which is considerably higher than the current ...
Precision of Public Information Disclosures, Banks’ Stability and Welfare
(04.03.2021)
Bank of Finland Research Discussion Papers 3/2021
Bank of Finland Research Discussion Papers 3/2021
We study the optimal precision of public information disclosures about banks assets quality. In our model the precision of information affects banks' cost of raising funding and asset profile riskiness. In an imperfectly ...
Why are bank runs sometimes partial?
(09.04.2015)
Bank of Finland Research Discussion Papers 10/2015
Bank of Finland Research Discussion Papers 10/2015
Concern that government may not guarantee bank deposits in a future crisis can cause a bank run. The government may break its guarantee during a severe crisis because of time-inconsistent preferences regarding the use of ...
Bonus caps, deferrals and bankers' risk-taking
(03.03.2015)
Bank of Finland Research Discussion Papers 5/2015
Bank of Finland Research Discussion Papers 5/2015
Regulators restrict bankers’ risk-taking by bonus caps or deferrals. We derive a structural model to analyze these compensation regulations and show that for a risk-neutral banker subject to positive switching costs of ...
Banking market deregulation and mortality inequality
(13.12.2022)
Bank of Finland Research Discussion Papers 14/2022
Bank of Finland Research Discussion Papers 14/2022
This paper shows that local banking market conditions affect mortality rates in the United States. Exploiting the staggered relaxation of branching restrictions in the 1990s across states, we find that banking deregulation ...