Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/175189 
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Ausschusses für Wirtschaftssysteme und Institutionenökonomik im Verein für Socialpolitik: "Governance in Politik und Wirtschaft", 11.-13. September 2016, Witten/Herdecke
Publisher: 
Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik, Münster
Abstract: 
We present a meta-analysis of the impact of higher capital requirements imposed by regulatory reforms on the macroeconomic activity (Basel III). The empirical evidence derived from a unique dataset of 48 primary studies indicates that there is a negative, albeit moderate GDP level effect in response to a change in the capital ratio. Meta-regression results suggest that the estimates reported in the literature tend to be systematically influenced by a selected set of study characteristics, such as econometric specifications, the authors’ affiliations, and the underlying financial system. Finally, we document a significant positive publication bias.
Subjects: 
Meta-analysis
publication bias
banking
loans
capital requirements
Basel III
JEL: 
E51
E44
G28
Document Type: 
Conference Paper

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