...
  • 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Journal of Financial Economic Policy >Do bank regulation and supervision matter? International evidence from the recent financial crisis
【24h】

Do bank regulation and supervision matter? International evidence from the recent financial crisis

机译：银行监管是否重要？最近的金融危机的国际证据

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Purpose - The purpose of this paper is to examine the impact of bank regulation and supervision on bank development, efficiency and fragility over the period of 1999-2011. Design/methodology/approach - The authors' approach is based on a multivariate difference-in-difference model which controls for potential endogeneity of the explanatory variables and unobservable country-specific effect. The paper investigates the changes of bank outcomes and a country's regulation and supervisory practices, in terms of capital regulation, supervisory power, private monitoring, entry into banking requirements, overall restrictions on bank activities and government ownership of banks in a sample of 53 countries with a total of 482 observations. Findings - Empirical results indicate that greater capital regulatory requirements reduce bank fragility, as measured by lower levels of non-performing loans but reduce bank efficiency, as measured by higher levels of net interest margin; supervisory practices that strengthen private sector monitoring of banks improve bank development, as measured by bank private credit as a share of gross domestic product; lower levels of non-performing loans are associated with greater enter-into-banking requirements and less restrictiveness on bank activities; and greater government ownership of banks is associated with both higher levels of net interest margin and higher levels of non-performing loans. Overall, the findings support Basel II's first and third pillars: capital requirements and private monitoring. Originality/value - This cross-country analysis provides evidence on which specific regulatory and supervisory practices work best in light of what was learned from the recent financial crisis.
机译：目的-本文的目的是研究1999-2011年间银行监管对银行发展，效率和脆弱性的影响。设计/方法/方法-作者的方法基于多变量差异模型，该模型控制解释变量的潜在内生性和无法观察到的特定国家/地区的影响。本文在53个样本国家中，从资本监管，监管权，私人监管，进入银行要求，对银行活动的总体限制以及政府对银行的所有权等方面，调查了银行业绩的变化以及一个国家的监管实践。共有482个观察结果。研究结果-实证结果表明，更高的资本监管要求降低了银行的脆弱性（以较低的不良贷款水平衡量），但降低了银行的效率（以较高的净息差水平衡量）；以银行私人信贷在国内生产总值中所占比例衡量，加强私营部门对银行的监督的监管做法可改善银行发展；不良贷款的减少与进入银行的要求增加以及对银行活动的限制减少有关；政府对银行拥有更多股份与更高的净息差水平和更高的不良贷款水平有关。总体而言，调查结果支持《巴塞尔协议II》的第一和第三支柱：资金需求和私人监管。原创性/价值-这项跨国分析提供了证据，根据从最近的金融危机中学到的信息，哪些特定的监管和监督措施效果最佳。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号