The Transmission of Bank Funding to Corporate Loans: Deleveraging in Germany

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F15%3A10297803" target="_blank" >RIV/00216208:11230/15:10297803 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1007/s11079-015-9353-0" target="_blank" >http://dx.doi.org/10.1007/s11079-015-9353-0</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s11079-015-9353-0" target="_blank" >10.1007/s11079-015-9353-0</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Transmission of Bank Funding to Corporate Loans: Deleveraging in Germany

Popis výsledku v původním jazyce

Healthy banks are crucially important for smooth lending. Correspondingly, bank regulations including Basel III intend to create a strong financial sector. However, the higher capital requirements may also worsen the access to finance especially during the transition period. Using data on firm-bank relationships in Germany between 2005 and 2007, we show that the debt ratio of banks is related to the bank loan risk. In order to assess the potential effect of tighter capital requirements due to regulatorychanges, we analyze industry specific responses of loan conditions to bank debt levels. Our findings imply that manufacturing, and to a lesser extent wholesale and retail trade, will potentially face a more restricted access to bank loans after the tightening of capital requirements.

Název v anglickém jazyce

The Transmission of Bank Funding to Corporate Loans: Deleveraging in Germany

Popis výsledku anglicky

Healthy banks are crucially important for smooth lending. Correspondingly, bank regulations including Basel III intend to create a strong financial sector. However, the higher capital requirements may also worsen the access to finance especially during the transition period. Using data on firm-bank relationships in Germany between 2005 and 2007, we show that the debt ratio of banks is related to the bank loan risk. In order to assess the potential effect of tighter capital requirements due to regulatorychanges, we analyze industry specific responses of loan conditions to bank debt levels. Our findings imply that manufacturing, and to a lesser extent wholesale and retail trade, will potentially face a more restricted access to bank loans after the tightening of capital requirements.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Open Economices Review

ISSN

0923-7992

e-ISSN

—

Svazek periodika

26

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

17

Strana od-do

581-597

Kód UT WoS článku

000356172200009

EID výsledku v databázi Scopus

2-s2.0-84930924037