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SUMMARY:A positive analysis of bank behaviour under capital requirements
DTSTART:20180309T103000
DTEND:20180309T120000
DTSTAMP:20260427T205803Z
UID:64cf2c05e9778d8738e11f18b92c290a2445a815352c5ae32582a876
CATEGORIES:Conferences - Seminars
DESCRIPTION:Frédéric MALHERBE (London Business School)\nWe propose a the
 ory of bank behaviour under capital requirements that accounts for both ri
 sk-shifting incentives and debt overhang considerations. A key result is t
 hat the bank’s lending response to an increase in the requirement need n
 ot be negative. The sign and the magnitude of the response depend on the b
 ank’s balance sheet and economic prospects\, and lending is typically U-
 shaped in the requirement. Using UK regulatory data\, we find empirical su
 pport for the hypothesis that a bank mainly adjusts to a higher requiremen
 t by cutting lending when expected returns are low\, but by raising capita
 l when they are high.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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