Banks' regulatory capital buffer and the business cycle: Evidence for Germany

被引：85

作者：

Stolz, Stephanie ^{[2
]}

Wedow, Michael ^{[1
]}

机构：

[1] Deutsch Bundesbank, D-60431 Frankfurt, Germany

[2] Int Monetary Fund, Washington, DC 20431 USA

来源：

JOURNAL OF FINANCIAL STABILITY | 2011年 / 7卷 / 02期

关键词：

Capital regulation; Bank capital; Business cycle fluctuations; PANEL-DATA MODELS; RISK; BEHAVIOR;

D O I：

10.1016/j.jfs.2009.09.001

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper analyzes the effect of the business cycle on the regulatory capital buffers of German local banks in the period 1993-2004. The capital buffers are found to fluctuate countercyclically over the business cycle. The evidence supports that low-capitalized banks do not catch up with their well-capitalized peers over the observation period and they do not decrease risk-weighted assets during a recession. This finding suggests that their low capitalization does not force them to retreat from lending. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：98 / 110

页数：13

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