Strategic Effects of Regulatory Capital Requirements in Imperfect Banking Competition

Autor:	Eva Schliephake, Roland Kirstein
Rok vydání:	2013
Předmět:	Economics and Econometrics Economic capital Monetary economics Microeconomics Capital adequacy ratio Physical capital Financial capital Cost of capital Accounting Economics Capital employed Capital requirement Capital intensity Finance
Zdroj:	Journal of Money, Credit and Banking. 45:675-700
ISSN:	0022-2879
Popis:	This paper analyses the competitive effects of capital requirement regulation on an oligo� polistic credit market. In the first stage, banks choose the structure of refinancing their assets, thereby making an imperfect commitment to a loan capacity as a function of the chosen degree of capitalization and the regulatory capital requirement. In the second stage, loan price competition takes place. It is shown that a capital requirement regulation may not only decrease the supply of credit through an increased marginal cost effect but can have an additional collusive enhancing effect resulting in even higher credit prices and increased profits for the banks.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b268ef39f738e4fcc0e12fad5a6592ec https://doi.org/10.1111/jmcb.12020 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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