When the Cat's Away the Mice will Play: Does Regulation at Home Affect Bank Risk Taking Abroad?
When the Cat's Away the Mice will Play: Does Regulation at Home Affect Bank Risk Taking Abroad?
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猫走老鼠会玩：国内监管是否会影响银行在国外的风险承担？
DOI：
10.2139/ssrn.2020906
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发表时间：
2012
期刊：
影响因子：
--
通讯作者：
["S. Ongena
中科院分区：
文献类型：
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作者：
["S. Ongena
本文首次提供了实证证据，证明银行监管通过大型跨国银行的贷款活动与跨境溢出效应有关。我们分析了16个国家1976年不同地区155家银行对9613家公司的商业贷款。我们发现，较低的进入门槛、对银行活动的更严格限制以及国内市场较高的最低资本要求，与较低的国外银行贷款标准相关。当银行在国内的监管效率较低时，这种影响会更强，并且可以观察到，这种影响独立于东道国监管的影响而存在。
This paper provides the first empirical evidence that bank regulation is associated with cross-border spillover effects through the lending activities of large multinational banks. We analyze business lending by 155 banks to 9613 firms in 1976 different localities across 16 countries. We find that lower barriers to entry, tighter restrictions on bank activities, and higher minimum capital requirements in domestic markets are associated with lower bank lending standards abroad. The effects are stronger when banks are less efficiently supervised at home, and are observed to exist independently from the impact of host-country regulation.