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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Bibliografiske detaljer
Hovedforfatter: Fang, Xiang
Andre forfattere: Jutrsa, David, Martinez Peria, Maria, Presbitero, Andrea
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2018.
Serier:IMF Working Papers; Working Paper ; No. 2018/222
Online adgang:Full text available on IMF
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100 1 |a Fang, Xiang. 
245 1 4 |a The Effects of Higher Bank Capital Requirements on Credit in Peru /  |c Xiang Fang, David Jutrsa, Maria Martinez Peria, Andrea Presbitero. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (34 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
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. 
538 |a Mode of access: Internet 
700 1 |a Jutrsa, David. 
700 1 |a Martinez Peria, Maria. 
700 1 |a Presbitero, Andrea. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/222 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/222/001.2018.issue-222-en.xml  |z IMF e-Library