全球智库信息集成服务系统(G2TT): The Death of a Regulator: Strict Supervision, Bank Lending, and Business Activity

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w24168
来源ID	Working Paper 24168
	The Death of a Regulator: Strict Supervision, Bank Lending, and Business Activity
	João Granja; Christian Leuz
发表日期	2018
出版年	2018
语种	英语
摘要	An important question in banking is how strict supervision affects bank lending. Supervisors forcing banks to recognize losses could choke off lending and amplify local economic woes. But strict supervision could also change how banks assess and manage loan portfolios and credit risk. Estimating such effects is challenging. We exploit the extinction of the thrift supervisor (OTS) to analyze the effects of strict supervision on bank lending and bank management. We first show that the OTS replacement indeed resulted in stricter supervision of former OTS banks. Next, we analyze the ensuing lending effects and show that former OTS banks on average increase small business lending by roughly 10 percent. This increase is concentrated in well-capitalized banks and especially those that changed bank management practices following the supervisory transition. We also show that the supervisory-induced increase in credit supply is not fully explained by a reallocation from mortgage to small business lending after the crisis and does reflect risk shifting to cope with shrinking margins. These findings suggest that stricter supervision operates not only through capital but can also correct deficiencies in bank management and lending practices, extending credit supply.
主题	Macroeconomics ; Money and Interest Rates ; Monetary Policy ; Financial Economics ; Financial Institutions ; Corporate Finance ; Other ; Law and Economics ; Industrial Organization ; Regulatory Economics ; Accounting, Marketing, and Personnel
URL	https://www.nber.org/papers/w24168
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/581842
推荐引用方式 GB/T 7714	João Granja,Christian Leuz. The Death of a Regulator: Strict Supervision, Bank Lending, and Business Activity. 2018.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w24168.pdf（1013KB）	智库出版物		限制开放	CC BY-NC-SA	浏览