Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/249604 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 15/2021
Verlag: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Zusammenfassung: 
We study the impact of China's 2013 implementation of Basel III on bank risk-taking and its responses to monetary policy shocks using confidential loan-level data from a large Chinese bank. Guided by theory, we use a difference-in-difference identification, exploiting cross-sectional differences in lending behaviors between highrisk and low-risk bank branches before and after the new regulations. We find that, through a risk-weighting channel, changes in regulations significantly reduced bank risktaking, both on average and conditional on monetary policy easing. However, banks reduce risk-taking by increasing lending to ostensibly low-risk state-owned enterprises (SOEs) under government guarantees, despite their low average productivity.
Schlagwörter: 
bank risk-taking
banking regulations
risk-weighting
monetary policy
difference-in-difference
China
JEL: 
E52
G21
G28
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-323-390-4
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
811.77 kB





Publikationen in EconStor sind urheberrechtlich geschützt.