Capital Account Liberalization and the Composition of Bank Liabilities
| Autor: | Daniel Marcel te Kaat, Luis Catão |
|---|---|
| Přispěvatelé: | Research programme EEF |
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
050208 finance Latin Americans media_common.quotation_subject 05 social sciences Equity (finance) Sample (statistics) Monetary economics Capital account liberalization Interest rate 0502 economics and business Economics 050207 economics Composition (language) health care economics and organizations Finance media_common |
| Zdroj: | Journal of International Money and Finance, 116:102434. ELSEVIER SCI LTD |
| ISSN: | 0261-5606 |
| Popis: | Using a sample of almost 600 banks in Latin America, we show that capital account liberalization lowers the share of equity and raises the share of interbank funding in total liabilities of the banking system. These shifts are mostly due to large banks; smaller banks, instead, increase their resort to retail funding by offering higher average deposit interest rates than larger banks. We also find significant differences in the behavior of banks with seemingly greater information opacity. These findings have positive implications for macro-prudential regulation. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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