Does capital-based regulation affect bank pricing policy?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F22%3A10454638" target="_blank" >RIV/00216208:11230/22:10454638 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/00216224:14560/22:00125698 RIV/61989100:27510/22:10249821

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=3wS1WI02CO" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=3wS1WI02CO</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s11149-022-09448-5" target="_blank" >10.1007/s11149-022-09448-5</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Does capital-based regulation affect bank pricing policy?

Popis výsledku v původním jazyce

This paper tests whether a series of changes to capital requirements transmitted to a change to banks&apos; pricing policy. We compile a rich bank-level supervisory dataset covering the banking sector in the Czech Republic over the period 2004-2019. We estimate that the changes to the overall capital requirements did not force banks to alter their pricing policy. The impact on bank interest margins and loan rates is found to lie in a narrow range around zero irrespective of loan category. Our estimates allow us to rule out effects even for less-capitalised banks and small banks. The results obtained contradict estimates from other studies reporting significant transmission of capital regulation to lending rates and interest margins. We therefore engage in a deeper discussion of why this might be the case. Our estimates may be used in the ongoing discussion of the benefits and costs of capital-based regulation in banking.

Název v anglickém jazyce

Does capital-based regulation affect bank pricing policy?

Popis výsledku anglicky

This paper tests whether a series of changes to capital requirements transmitted to a change to banks&apos; pricing policy. We compile a rich bank-level supervisory dataset covering the banking sector in the Czech Republic over the period 2004-2019. We estimate that the changes to the overall capital requirements did not force banks to alter their pricing policy. The impact on bank interest margins and loan rates is found to lie in a narrow range around zero irrespective of loan category. Our estimates allow us to rule out effects even for less-capitalised banks and small banks. The results obtained contradict estimates from other studies reporting significant transmission of capital regulation to lending rates and interest margins. We therefore engage in a deeper discussion of why this might be the case. Our estimates may be used in the ongoing discussion of the benefits and costs of capital-based regulation in banking.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název periodika

Journal of Regulatory Economics

ISSN

0922-680X

e-ISSN

1573-0468

Svazek periodika

61

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

33

Strana od-do

135-167

Kód UT WoS článku

000779802900001

EID výsledku v databázi Scopus

2-s2.0-85127671346