Countercyclical prudential buffers and bank risk-taking
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Scholar |
Otros documentos de la autoría: Illueca, Manuel; Norden, Lars; Pacelli, Joseph; Udell, Gregory F.
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https://doi.org/10.1016/j.jfi.2022.100961 |
Metadatos
Título
Countercyclical prudential buffers and bank risk-takingFecha de publicación
2022-01-31Editor
ElsevierISSN
1042-9573; 1096-0473Cita bibliográfica
Illueca, M., Norden, L., Pacelli, J., & Udell, G. F. (2022). Countercyclical prudential buffers and bank risk-taking. Journal of Financial Intermediation, 100961.Tipo de documento
info:eu-repo/semantics/articleVersión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
We investigate the effects of countercyclical prudential buffers on bank risk-taking. We exploit the introduction of dynamic loan loss provisioning in Spain, mandating that banks use historical average loss rates in ... [+]
We investigate the effects of countercyclical prudential buffers on bank risk-taking. We exploit the introduction of dynamic loan loss provisioning in Spain, mandating that banks use historical average loss rates in their estimation of loan loss provisions. We find that dynamic loan loss provisioning is associated with reductions in timely loan loss provisioning. Banks that previously recognized loan losses in a timely fashion exhibit the greatest reductions in timeliness and consequently extend loans to riskier borrowers with lower accounting quality. Our results have policy implications for the debate on the use of financial reporting requirements in mitigating capital pro-cyclicality. [-]
Publicado en
Journal of Financial Intermediation. Volume 51, July 2022, 100961Derechos de acceso
1042-9573/© 2022 Elsevier Inc. All rights reserved.
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