The countercyclical capital buffer and the composition of bank lending
نویسندگان
چکیده
Do targeted macroprudential measures impact non-targeted sectors too? We investigate the compositional changes in supply of credit by Swiss banks, exploiting their differential exposure to activation 2013 countercyclical capital buffer (CCyB) which banks’ residential mortgages. find that additional requirements resulting from CCyB are associated with higher growth commercial lending. While banks lending more all types businesses, new policy benefits smaller and riskier businesses most. However, interest rates other costs obtaining for these firms rise as well.
منابع مشابه
Higher Bank Capital Requirements and mortgage pricing: evidence from the Countercyclical Capital Buffer (CCB)
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ژورنال
عنوان ژورنال: Journal of Financial Intermediation
سال: 2022
ISSN: ['1042-9573', '1096-0473']
DOI: https://doi.org/10.1016/j.jfi.2022.100965