The Effects of Higher Bank Capital Requirements on Credit in Peru /
This paper offers novel evidence on the impact of raising bank capital requirements in the context of an emerging market: Peru. Using quarterly bank-level data and exploiting the adoption of bank-specific capital buffers, we find that higher capital requirements have a short-lived, negative impact o...
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| Other Authors: | , , , , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2018
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| Series: | IMF Working Papers; Working Paper ;
No. 2018/222 IMF eLibrary |
| Subjects: |
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| 100 | 1 | |a Fang, Xiangming | |
| 245 | 1 | 4 | |a The Effects of Higher Bank Capital Requirements on Credit in Peru / |c Xiangming Fang, David Jutrsa, Maria Martinez Peria, Andrea Presbitero, Lev Ratnovski, Felix Vardy |
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2018 | |
| 300 | |a 1 online resource (34 pages) | ||
| 300 | |a 1 online resource (35 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers | |
| 500 | |a Part of the IMF eLibrary collection | ||
| 505 | 0 | |a Cover -- Contents -- Abstract -- Glossary -- I. Introduction -- II. Literature Review -- III. Peruvian Capital Reforms -- IV. Conceptual Framework -- V. Data and Empirical Methodology -- VI. Results -- A. Baseline Results -- B. Bank Heterogeneity -- C. Robustness -- D. Addressing Endogeneity -- VII. Conclusions -- References -- Tables -- 1. OLS Estimates for Specification (1) -- 2. Heterogeneous Impact of Capital Requirements -- 3. Robustness Estimations -- 4. OLS Estimates for Specification (2) -- 5. OLS Estimates for Specification (3) -- Figures -- 1. Timeline of Peruvian Capital Reforms -- 2. Two Reform Phases -- 3. Components of Total Capital Requirements -- 4. Actual Versus Required Capital -- 5. Peru: Capital Requirements Versus Capital Held -- 6. Conceptual Framework to Analyze an Increase in Capital Requirements -- 7. Capital Requirements over Time -- 8. Impulse Response Function -- 9. Capital Buffers-Virtual and Actual -- Appendix -- I. Data Description, and Additional Tables and Figures | |
| 506 | |a Restricted for use by site license. | ||
| 520 | 3 | |a This paper offers novel evidence on the impact of raising bank capital requirements in the context of an emerging market: Peru. Using quarterly bank-level data and exploiting the adoption of bank-specific capital buffers, we find that higher capital requirements have a short-lived, negative impact on bank credit in Peru, although this effect becomes statistically insignificant in about half a year. This finding is robust to estimating different specifications to address concerns about the exogeneity of capital requirements. The fact that the reform was gradual and pre-announced and that banks were highly profitable at the time could explain the short-lived effects on credit | |
| 588 | |a Description based on print version record | ||
| 588 | |a Description based on publisher supplied metadata and other sources | ||
| 650 | 7 | |a Asset requirements |2 imf | |
| 650 | 7 | |a Bank credit |2 imf | |
| 650 | 7 | |a Banking |2 imf | |
| 650 | 7 | |a Banks and Banking |2 imf | |
| 650 | 7 | |a Banks and banking |2 imf | |
| 650 | 7 | |a Banks |2 imf | |
| 650 | 7 | |a Capital adequacy requirements |2 imf | |
| 650 | 7 | |a Countercyclical capital buffers |2 imf | |
| 650 | 7 | |a Credit |2 imf | |
| 650 | 7 | |a Depository Institutions |2 imf | |
| 650 | 7 | |a Finance |2 imf | |
| 650 | 7 | |a Financial Institutions and Services: Government Policy and Regulation |2 imf | |
| 650 | 7 | |a Financial Markets and the Macroeconomy |2 imf | |
| 650 | 7 | |a Financial institutions |2 imf | |
| 650 | 7 | |a Financial regulation and supervision |2 imf | |
| 650 | 7 | |a Financial services law & regulation |2 imf | |
| 650 | 7 | |a Industries: Financial Services |2 imf | |
| 650 | 7 | |a Loans |2 imf | |
| 650 | 7 | |a Micro Finance Institutions |2 imf | |
| 650 | 7 | |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General |2 imf | |
| 650 | 7 | |a Monetary economics |2 imf | |
| 650 | 7 | |a Money and Monetary Policy |2 imf | |
| 650 | 7 | |a Money |2 imf | |
| 650 | 7 | |a Mortgages |2 imf | |
| 651 | 7 | |a Peru |2 imf | |
| 700 | 1 | |a Jutrsa, David | |
| 700 | 1 | |a Martinez Peria, Maria | |
| 700 | 1 | |a Presbitero, Andrea | |
| 700 | 1 | |a Ratnovski, Lev | |
| 700 | 1 | |a Vardy, Felix | |
| 776 | |z 1-4843-7836-9 | ||
| 776 | 0 | 8 | |i Print Version: |a Fang, Xiangming |t The Effects of Higher Bank Capital Requirements on Credit in Peru |d Washington, D.C. : International Monetary Fund, 2018. |z 9781484378830 |
| 830 | 0 | |a IMF Working Papers; Working Paper ; |v No. 2018/222 | |
| 830 | 0 | |a IMF eLibrary | |
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