Time-varying Capital Requirements and Disclosure Rules

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Time-varying Capital Requirements and Disclosure Rules

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dc.contributor.author Kragh, Jonas
dc.contributor.author Rangvid, Jesper
dc.date.accessioned 2016-06-15T09:31:08Z
dc.date.available 2016-06-15T09:31:08Z
dc.date.issued 2016-06-15
dc.identifier.uri http://hdl.handle.net/10398/9314
dc.description.abstract Unique and confidential Danish data allow us to identify how changes in disclosure requirements and bank-specific time-varying capital requirements affect banks'lending and capital accumu- lation decisions. We find that banks increase their capital ratios after capital requirements are increased, implying that resilience in the banking system is also increased. The increase in capital ratios is partly due to a modest reduction in lending. Using a policy changes, we show that banks react stronger to changes in capital requirements when these are public. Our results further suggest that the impact of capital requirements di¤er for small and large banks. Large banks raise their capital ratios more, reduce lending less, and accumulate more new capital compared to small banks. en_US
dc.format.extent 41 en_US
dc.language eng en_US
dc.subject.other Time-varying capital requirements en_US
dc.subject.other Bank lending en_US
dc.subject.other Disclosure rules en_US
dc.subject.other Basel requirements en_US
dc.subject.other Transmission mechanism en_US
dc.title Time-varying Capital Requirements and Disclosure Rules en_US
dc.type wp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Finansiering en_US
dc.contributor.departmentshort FI en_US
dc.contributor.departmentuk Department of Finance en_US
dc.contributor.departmentukshort FI en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2016 en_US
dc.title.subtitle Effects on Capitalization and Lending Decisions of Banks en_US


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