How financial intermediation impacts on financial stability?

被引：6
|
作者：
Pereira Antunes, Jose Americo [1 ]
De Moraes, Claudio Oliveira [1 ]
Rodrigues, Adriano [2 ]
机构：
[1] Cent Bank Brazil, Rio De Janeiro, Brazil
[2] Univ Fed Rio de Janeiro, Rio De Janeiro, Brazil
来源：
APPLIED ECONOMICS LETTERS | 2018年 / 25卷 / 16期
关键词：
Financial intermediation; financial stability; macroprudential policy; financial regulation;
D O I：
10.1080/13504851.2017.1400647
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The great financial crisis widened the role of financial intermediation in financial stability. This study develops a new financial intermediation variable, credit cash flow (CCF), which enables measurement of the net financial flow resulting from loan activity. An analysis provides evidence that CCF affects the capital buffer via credit gap behaviour, thus indicating the existence of a channel between the CCF and the capital buffer. Such a link offers the policy-maker the possibility to monitor the behaviour of financial intermediation carried out by banks, in order to avoid the outbreak of financial instability events.
引用
收藏
页码：1135 / 1139
页数：5
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