메뉴 건너뛰기




Volumn 13, Issue 4, 2004, Pages 436-457

Does bank capital affect lending behavior?

Author keywords

Bank capital; Bank lending; Basel standards; Monetary transmission mechanisms

Indexed keywords


EID: 7644241532     PISSN: 10429573     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jfi.2004.06.001     Document Type: Article
Times cited : (463)

References (52)
  • 2
    • 0010864735 scopus 로고
    • The credit channel of monetary policy across heterogeneous banks: The case of Italy
    • Temi di discussione 256. Banca d'Italia
    • Angeloni, I., Buttiglione, L., Ferri, G., Gaiotti E., 1995. The credit channel of monetary policy across heterogeneous banks: The case of Italy. Temi di discussione 256. Banca d'Italia
    • (1995)
    • Angeloni, I.1    Buttiglione, L.2    Ferri, G.3    Gaiotti, E.4
  • 3
    • 84881844837 scopus 로고
    • Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations
    • M. Arellano S.R. Bond Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations Rev. Econ. Stud. 58 1991 277-297
    • (1991) Rev. Econ. Stud. , vol.58 , pp. 277-297
    • Arellano, M.1    Bond, S.R.2
  • 4
    • 0037778662 scopus 로고    scopus 로고
    • New Evidence on the Lending Channel
    • Staff report 136. Federal Reserve Bank of New York
    • Ashcraft, A.B., 2001. New Evidence on the Lending Channel. Staff report 136. Federal Reserve Bank of New York
    • (2001)
    • Ashcraft, A.B.1
  • 5
    • 11144354790 scopus 로고    scopus 로고
    • Are capital buffers pro-cyclical? Evidence from Spanish panel data
    • In press
    • J. Ayuso D. Pérez J. Saurina Are capital buffers pro-cyclical? Evidence from Spanish panel data J. Finan. Intermediation 2004 In press
    • (2004) J. Finan. Intermediation
    • Ayuso, J.1    Pérez, D.2    Saurina, J.3
  • 6
    • 0003582263 scopus 로고    scopus 로고
    • Capital requirements and bank behavior: The impact of the Basel Accord
    • Basel Committee on Banking Supervision. Working paper 1. April
    • Basel Committee on Banking Supervision, 1999. Capital requirements and bank behavior: The impact of the Basel Accord. Working paper 1. April
    • (1999)
  • 7
    • 0000778672 scopus 로고
    • Is it money or credit, or both or neither? Credit, money and aggregate demand
    • B. Bernanke A.S. Blinder Is it money or credit, or both or neither? Credit, money and aggregate demand Amer. Econ. Rev. 78 1988 435-439
    • (1988) Amer. Econ. Rev. , vol.78 , pp. 435-439
    • Bernanke, B.1    Blinder, A.S.2
  • 8
    • 0041874830 scopus 로고    scopus 로고
    • Corporate finance and the monetary transmission mechanism
    • Discussion paper series 2982. CEPR
    • Bolton, P., Freixas, X., 2001. Corporate finance and the monetary transmission mechanism. Discussion paper series 2982. CEPR
    • (2001)
    • Bolton, P.1    Freixas, X.2
  • 9
    • 0003139440 scopus 로고    scopus 로고
    • Relationship banking: What do we know?
    • A. Boot Relationship banking: What do we know? J. Finan. Intermediation 9 2000 7-25
    • (2000) J. Finan. Intermediation , vol.9 , pp. 7-25
    • Boot, A.1
  • 10
  • 11
    • 0010792426 scopus 로고
    • Monetary policy transmission via lending rates in Italy: Any lessons from recent experience?
    • Temi di discussione, 224. Banca d'Italia
    • Buttiglione, L., Ferri, G., 1994. Monetary policy transmission via lending rates in Italy: Any lessons from recent experience? Temi di discussione, 224. Banca d'Italia
    • (1994)
    • Buttiglione, L.1    Ferri, G.2
  • 12
    • 7644235002 scopus 로고    scopus 로고
    • The role of different central bank rates in the transmission of monetary policy
    • Temi di discussione 305. Banca d'Italia
    • Buttiglione, L., Del Giovane, P., Gaiotti, E., 1997. The role of different central bank rates in the transmission of monetary policy. Temi di discussione 305. Banca d'Italia
    • (1997)
    • Buttiglione, L.1    Del Giovane, P.2    Gaiotti, E.3
  • 13
    • 21844492888 scopus 로고
    • Internal finance and investment: Evidence from the undistributed profit tax of 1936-1937
    • C.W. Calomiris G.R. Hubbard Internal finance and investment: Evidence from the undistributed profit tax of 1936-1937 J. Bus. 68 1995 443-482
    • (1995) J. Bus. , vol.68 , pp. 443-482
    • Calomiris, C.W.1    Hubbard, G.R.2
  • 14
    • 1342308599 scopus 로고    scopus 로고
    • The Bernanke and Blinder models in an open economy: The Italian case
    • P. Chiades L. Gambacorta The Bernanke and Blinder models in an open economy: The Italian case Ger. Econ. Rev. 5 2004 1-34
    • (2004) Ger. Econ. Rev. , vol.5 , pp. 1-34
    • Chiades, P.1    Gambacorta, L.2
  • 15
    • 0001797475 scopus 로고
    • An examination of voluntary versus involuntary security issuances by commercial banks: The impact of capital regulations on common stock returns
    • M.M. Cornett H. Tehranian An examination of voluntary versus involuntary security issuances by commercial banks: The impact of capital regulations on common stock returns J. Finan. Econ. 35 1994 99-122
    • (1994) J. Finan. Econ. , vol.35 , pp. 99-122
    • Cornett, M.M.1    Tehranian, H.2
  • 16
    • 0006816599 scopus 로고    scopus 로고
    • Banks and monetary transmission in Europe: Empirical evidence
    • G. de Bondt Banks and monetary transmission in Europe: Empirical evidence BNL Quart. Rev. 52 1999 149-168
    • (1999) BNL Quart. Rev. , vol.52 , pp. 149-168
    • de Bondt, G.1
  • 18
    • 84883077641 scopus 로고    scopus 로고
    • Financial systems and the role of banks in monetary policy transmission in the Euro area
    • I. Angeloni A. Kashyap B. Mojon (Eds.) Cambridge Univ. Press, Cambridge
    • M. Ehrmann L. Gambacorta J. Martinez Pagés P. Sevestre Financial systems and the role of banks in monetary policy transmission in the Euro area I. Angeloni A. Kashyap B. Mojon (Eds.) Monetary Policy Transmission in the Euro Area 2003 Cambridge Univ. Press, Cambridge 235-269
    • (2003) Monetary Policy Transmission in the Euro Area , pp. 235-269
    • Ehrmann, M.1    Gambacorta, L.2    Martinez Pagés, J.3    Sevestre, P.4
  • 19
    • 44049112849 scopus 로고
    • Risk premia in large CD rates: Time series evidence on market discipline
    • D.M. Ellis M.J. Flannery Risk premia in large CD rates: Time series evidence on market discipline J. Monet. Econ. 30 1992 481-502
    • (1992) J. Monet. Econ. , vol.30 , pp. 481-502
    • Ellis, D.M.1    Flannery, M.J.2
  • 20
    • 7644238959 scopus 로고    scopus 로고
    • New evidence on the transmission mechanisms of monetary policy in Italy before Stage III of European Monetary Union
    • Banca d'Italia, CIDE
    • L. Fanelli P. Paruolo New evidence on the transmission mechanisms of monetary policy in Italy before Stage III of European Monetary Union, in: Ricerche quantitative per la politica economica 2003 603-654 Banca d'Italia, CIDE
    • (2003) Ricerche Quantitative Per la Politica Economica , pp. 603-654
    • Fanelli, L.1    Paruolo, P.2
  • 21
    • 0003977571 scopus 로고    scopus 로고
    • The transmission mechanism of monetary policy in Europe: Evidence from banks' balance sheets
    • Discussion paper 2303. CEPR
    • Favero, C.A., Flabbi, L., Giavazzi, F., 1999. The transmission mechanism of monetary policy in Europe: Evidence from banks' balance sheets. Discussion paper 2303. CEPR
    • (1999)
    • Favero, C.A.1    Flabbi, L.2    Giavazzi, F.3
  • 22
    • 38249005467 scopus 로고
    • Capital regulation and insured banks' choice of individual loan default risks
    • M.J. Flannery Capital regulation and insured banks' choice of individual loan default risks J. Monet. Econ. 24 1989 235-258
    • (1989) J. Monet. Econ. , vol.24 , pp. 235-258
    • Flannery, M.J.1
  • 23
    • 0037647368 scopus 로고    scopus 로고
    • Evidence of market discipline in subordinated debenture yields: 1983-1991
    • M.J. Flannery S.M. Sorescu Evidence of market discipline in subordinated debenture yields: 1983-1991 J. Finance 51 1996 1347-1377
    • (1996) J. Finance , vol.51 , pp. 1347-1377
    • Flannery, M.J.1    Sorescu, S.M.2
  • 24
    • 0043182208 scopus 로고
    • Comment on 'The credit crunch' by Bernanke, B.S., Lown C.S
    • B. Friedman Comment on 'The credit crunch' by Bernanke, B.S., Lown C.S Brookings Pap. Econ. Act. 2 1991 240-247
    • (1991) Brookings Pap. Econ. Act. , vol.2 , pp. 240-247
    • Friedman, B.1
  • 25
    • 0038093628 scopus 로고    scopus 로고
    • Evidence on the response of US banks to changes in capital requirements
    • Working paper 88. BIS
    • Furfine, C., 2000. Evidence on the response of US banks to changes in capital requirements. Working paper 88. BIS
    • (2000)
    • Furfine, C.1
  • 26
    • 84927072510 scopus 로고    scopus 로고
    • The Italian banking system and monetary policy transmission: Evidence from bank-level data
    • I. Angeloni A.K. Kashyap B. Mojon (Eds.) Cambridge Univ. Press, Cambridge
    • L. Gambacorta The Italian banking system and monetary policy transmission: Evidence from bank-level data I. Angeloni A.K. Kashyap B. Mojon (Eds.) Monetary Policy Transmission in the Euro Area 2003 Cambridge Univ. Press, Cambridge 323-334
    • (2003) Monetary Policy Transmission in the Euro Area , pp. 323-334
    • Gambacorta, L.1
  • 27
    • 7644224813 scopus 로고    scopus 로고
    • Bank capital and lending behavior: Empirical evidence for Italy
    • Temi di discussione 486. Banca d'Italia
    • Gambacorta, L., Mistrulli, P.E., 2003. Bank capital and lending behavior: Empirical evidence for Italy. Temi di discussione 486. Banca d'Italia
    • (2003)
    • Gambacorta, L.1    Mistrulli, P.E.2
  • 28
    • 0000209221 scopus 로고
    • Capital controls and bank risk
    • G. Gennotte D. Pyle Capital controls and bank risk J. Banking Finance 15 1991 805-824
    • (1991) J. Banking Finance , vol.15 , pp. 805-824
    • Gennotte, G.1    Pyle, D.2
  • 29
    • 34247523873 scopus 로고
    • Bank capital shocks: Dynamic effects on securities, loans, and capital
    • D. Hancock J.A. Laing J.A. Wilcox Bank capital shocks: Dynamic effects on securities, loans, and capital J. Banking Finance 19 1995 661-677
    • (1995) J. Banking Finance , vol.19 , pp. 661-677
    • Hancock, D.1    Laing, J.A.2    Wilcox, J.A.3
  • 30
    • 0000949157 scopus 로고    scopus 로고
    • Liberalization, moral hazard in banking, and prudential regulation: Are capital requirements enough?
    • T. Hellman K. Murdock J. Stiglitz Liberalization, moral hazard in banking, and prudential regulation: Are capital requirements enough? Amer. Econ. Rev. 90 2000 147-165
    • (2000) Amer. Econ. Rev. , vol.90 , pp. 147-165
    • Hellman, T.1    Murdock, K.2    Stiglitz, J.3
  • 31
    • 0000688165 scopus 로고    scopus 로고
    • Do bank internal markets promote lending?
    • J.F. Houston C. James Do bank internal markets promote lending? J. Banking Finance 6-8 1998 899-918
    • (1998) J. Banking Finance , vol.6-8 , pp. 899-918
    • Houston, J.F.1    James, C.2
  • 32
    • 0034399177 scopus 로고    scopus 로고
    • Capital markets frictions and deposit constraints at banks
    • J. Jayaratne D.P. Morgan Capital markets frictions and deposit constraints at banks J. Money, Credit, Banking 32 2000 74-92
    • (2000) J. Money, Credit, Banking , vol.32 , pp. 74-92
    • Jayaratne, J.1    Morgan, D.P.2
  • 34
    • 0000289297 scopus 로고    scopus 로고
    • What do a million observations on banks say about the transmission of monetary policy?
    • A.K. Kashyap J.C. Stein What do a million observations on banks say about the transmission of monetary policy? Amer. Econ. Rev. 90 2000 407-428
    • (2000) Amer. Econ. Rev. , vol.90 , pp. 407-428
    • Kashyap, A.K.1    Stein, J.C.2
  • 35
    • 84977707021 scopus 로고
    • Risk in banking and capital regulation
    • D. Kim A.M. Santomero Risk in banking and capital regulation J. Finance 43 1988 1219-1233
    • (1988) J. Finance , vol.43 , pp. 1219-1233
    • Kim, D.1    Santomero, A.M.2
  • 36
    • 7644224534 scopus 로고    scopus 로고
    • A credit channel in Europe: Evidence from banks' balance sheets
    • Mimeo. University of California, Davis
    • King, S.K., 2002. A credit channel in Europe: Evidence from banks' balance sheets. Mimeo. University of California, Davis
    • (2002)
    • King, S.K.1
  • 37
    • 0034400634 scopus 로고    scopus 로고
    • Bank size, bank capital and the bank lending channel
    • R.P. Kishan T.P. Opiela Bank size, bank capital and the bank lending channel J. Money, Credit, Banking 32 2000 121-141
    • (2000) J. Money, Credit, Banking , vol.32 , pp. 121-141
    • Kishan, R.P.1    Opiela, T.P.2
  • 38
    • 0031321574 scopus 로고    scopus 로고
    • Bank risk, capitalization, and operating efficiency
    • S. Kwan R.A. Eisenbeis Bank risk, capitalization, and operating efficiency J. Finan. Services Res. 12 1997 117-131
    • (1997) J. Finan. Services Res. , vol.12 , pp. 117-131
    • Kwan, S.1    Eisenbeis, R.A.2
  • 39
    • 0000294096 scopus 로고
    • The cost of capital, corporation finance, and the theory of investment
    • F. Modigliani M. Miller The cost of capital, corporation finance, and the theory of investment Amer. Econ. Rev. 48 1958 261-297
    • (1958) Amer. Econ. Rev. , vol.48 , pp. 261-297
    • Modigliani, F.1    Miller, M.2
  • 40
    • 48549110620 scopus 로고
    • Corporate finance and investment decisions when firms have information that investors do not have
    • S.C. Myers N.S. Majluf Corporate finance and investment decisions when firms have information that investors do not have J. Finan. Econ. 13 1984 187-221
    • (1984) J. Finan. Econ. , vol.13 , pp. 187-221
    • Myers, S.C.1    Majluf, N.S.2
  • 41
    • 7644228417 scopus 로고    scopus 로고
    • Il credito cooperativo in Italia. Realtà e problemi
    • T. Padoa-Schioppa Il credito cooperativo in Italia. Realtà e problemi Cooperazione Credito 152/3 1996 223-253
    • (1996) Cooperazione Credito , vol.152 , Issue.3 , pp. 223-253
    • Padoa-Schioppa, T.1
  • 43
    • 0040195960 scopus 로고    scopus 로고
    • Who should act as lender of last resort? An incomplete contracts model
    • R. Repullo Who should act as lender of last resort? An incomplete contracts model J. Money, Credit, Banking 32 2000 580-605
    • (2000) J. Money, Credit, Banking , vol.32 , pp. 580-605
    • Repullo, R.1
  • 44
    • 38249011477 scopus 로고
    • Capital requirements and the behavior of commercial banks
    • J.C. Rochet Capital requirements and the behavior of commercial banks Europ. Econ. Rev. 36 1992 733-762
    • (1992) Europ. Econ. Rev. , vol.36 , pp. 733-762
    • Rochet, J.C.1
  • 45
    • 0000181541 scopus 로고
    • New evidence on the monetary transmission mechanism
    • C.D. Romer D.H. Romer New evidence on the monetary transmission mechanism Brookings Pap. Econ. Act. 1 1990 149-213
    • (1990) Brookings Pap. Econ. Act. , vol.1 , pp. 149-213
    • Romer, C.D.1    Romer, D.H.2
  • 46
    • 0032355203 scopus 로고    scopus 로고
    • An adverse-selection model of bank asset and liability management with implications for the transmission of monetary policy
    • J.C. Stein An adverse-selection model of bank asset and liability management with implications for the transmission of monetary policy RAND J. Econ. 29 1998 466-486
    • (1998) RAND J. Econ. , vol.29 , pp. 466-486
    • Stein, J.C.1
  • 47
    • 0040240356 scopus 로고    scopus 로고
    • Capital requirements, monetary policy, and aggregate bank lending: Theory and empirical evidence
    • A.V. Thakor Capital requirements, monetary policy, and aggregate bank lending: Theory and empirical evidence J. Finance 51 1996 279-324
    • (1996) J. Finance , vol.51 , pp. 279-324
    • Thakor, A.V.1
  • 48
    • 7644242198 scopus 로고    scopus 로고
    • Do loan commitments cause overlending?
    • In press
    • A.V. Thakor Do loan commitments cause overlending? J. Money, Credit, Banking 2004 In press
    • (2004) J. Money, Credit, Banking
    • Thakor, A.V.1
  • 49
    • 0348123521 scopus 로고    scopus 로고
    • The bank capital channel of monetary policy
    • Mimeo. University of Pennsylvania
    • Van den Heuvel, S.J., 2001a. The bank capital channel of monetary policy. Mimeo. University of Pennsylvania
    • (2001)
    • Van den Heuvel, S.J.1
  • 50
    • 7644234094 scopus 로고    scopus 로고
    • Banking conditions and the effects of monetary policy: Evidence from US States
    • Mimeo. University of Pennsylvania
    • Van den Heuvel, S.J., 2001b. Banking conditions and the effects of monetary policy: Evidence from US States. Mimeo. University of Pennsylvania
    • (2001)
    • Van den Heuvel, S.J.1
  • 52
    • 7644232127 scopus 로고    scopus 로고
    • How Do Internationalization, Diversification and Capitalization Affect Bank Credit Risk? Evidence from Bank Stock Market Returns
    • Venice, 22-24 August 2002
    • R. Vander Vennet A. Van Landshoot How Do Internationalization, Diversification and Capitalization Affect Bank Credit Risk? Evidence from Bank Stock Market Returns, in: The 17th European Economic Association Annual Conference, Venice, 22-24 August 2002
    • (2002) The 17th European Economic Association Annual Conference
    • Vander Vennet, R.1    Van Landshoot, A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.