Did the bank capital relief induced by the Supporting Factor enhance SME lending?

被引：14

作者：

Mayordomo, Sergio ^{[1
]}

Rodriguez-Moreno, Maria ^{[2
]}

机构：

[1] Banco Espana, ADG Econ & Res, C Alcala 48, Madrid 28014, Spain

[2] Banco Espana, Financial Stabil & Macroprudential Policy Dept, Calle Alcala 48, Madrid 28014, Spain

来源：

JOURNAL OF FINANCIAL INTERMEDIATION | 2018年 / 36卷

关键词：

SME; Credit access; Supporting Factor; Bank lending; CREDIT CRUNCH; RISK-TAKING; REQUIREMENTS; ACCESS; CRISIS;

D O I：

10.1016/j.jfi.2018.05.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The introduction of the SME Supporting Factor (SF) allows banks to reduce capital requirements for credit risk on exposures to SME. This means that banks can free up capital resources that can be redeployed in the form of new loans. Our study documents that the SF alleviates credit rationing for medium-sized firms that are eligible for the application of the SF but not for micro/small firms. These results suggest that European banks were aware of this policy measure and optimized both their regulatory capital and their credit exposures by granting loans to the medium-sized firms, which are safer than micro/small firms.

引用

页码：45 / 57

页数：13