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Does banks' systemic importance affect their capital structure and balance sheet adjustment processes?

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Résumé

Frictions prevent banks to immediately adjust their capital ratio towards their desired and/or imposed level. This paper analyzes (i) whether or not these frictions are larger for regulatory capital ratios vis-à-vis a plain leverage ratio; (ii) which adjustment channels banks use to adjust their capital ratio; and (iii) how the speed of adjustment and adjustment channels differ between large, systemic and complex banks versus small banks. Our results, obtained using a sample of listed banks across OECD countries for the 2001-2012 period, bear critical policy implications for the implementation of new (systemic risk-based) capital requirements and their impact on banks' balance sheets, specifically lending, and hence the real economy.
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Dates et versions

hal-01636253 , version 1 (16-11-2017)

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  • HAL Id : hal-01636253 , version 1

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Yassine Bakkar, Olivier de Jonghe, Amine Tarazi. Does banks' systemic importance affect their capital structure and balance sheet adjustment processes?. 2017. ⟨hal-01636253⟩

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