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Cross-border capital flows and bank risk-taking

机译:跨境资本流动和银行冒险

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This paper explores the impact of cross-border capital flows on bank lending volumes and risk. Employing bank-level data from the euro area, we show that capital inflows are associated with higher bank credit supply and lower average loan quality. By showing that the lending patterns of smaller domestic banks are also affected, we present evidence that the impact of international capital flows is not limited to large banks with international exposure. Nevertheless, the observed effects are stronger for large banks as well as for banks with low levels of capitalisation, suggesting that agency issues reinforce the link between capital flows and bank lending. (C) 2020 Elsevier B.V. All rights reserved.
机译:本文探讨了跨境资本流量对银行贷款卷和风险的影响。从欧元区雇用银行级数据,我们表明,资本流入与更高的银行信贷供应和较低的平均贷款质量有关。通过表明,较小的国内银行的贷款模式也受到影响,我们提出了有证据表明国际资本流量的影响不仅限于国际风险的大型银行。然而,观察到的效果对于大型银行以及资本水平低的银行更强,这表明该机构问题加强了资本流动与银行贷款之间的联系。 (c)2020 Elsevier B.v.保留所有权利。

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