Does banks' systemic importance affect their capital structure and balance sheet adjustment processes? - Université de Limoges Accéder directement au contenu
Article Dans Une Revue Journal of Banking and Finance Année : 2019

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

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.
Fichier non déposé

Dates et versions

hal-02059939 , version 1 (07-03-2019)

Identifiants

  • HAL Id : hal-02059939 , version 1

Citer

Yassine Bakkar, Olivier de Jonghe, Amine Tarazi. Does banks' systemic importance affect their capital structure and balance sheet adjustment processes?. Journal of Banking and Finance, 2019. ⟨hal-02059939⟩

Collections

UNILIM
54 Consultations
0 Téléchargements

Partager

Gmail Facebook X LinkedIn More