The effectiveness of regulatory capital requirements prior to the onset of the financial crisis
Autor(a) principal: | |
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Data de Publicação: | 2015 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/9642 |
Resumo: | We extend the literature on the role of capital requirements as a regulatory tool by developing a continuous measure of the degree of regulatory pressure and by examining data on US commercial banks during the economic upturn that preceded the 2007–2009 ?nancial crisis. Our ?ndings indicate the inability of regulatory pressure to force banks to build capital buffers during the economic upturn that preceded the crisis. These ?ndings are consistent with the view that banks entered the crisis with inadequate levels of capital. Our ?ndings support the endeavors of regulators in explicitly demanding capital buffers in their new regulatory framework. |
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The effectiveness of regulatory capital requirements prior to the onset of the financial crisisWe extend the literature on the role of capital requirements as a regulatory tool by developing a continuous measure of the degree of regulatory pressure and by examining data on US commercial banks during the economic upturn that preceded the 2007–2009 ?nancial crisis. Our ?ndings indicate the inability of regulatory pressure to force banks to build capital buffers during the economic upturn that preceded the crisis. These ?ndings are consistent with the view that banks entered the crisis with inadequate levels of capital. Our ?ndings support the endeavors of regulators in explicitly demanding capital buffers in their new regulatory framework.Wiley2015-08-27T20:50:20Z2015-01-01T00:00:00Z20152019-05-07T13:12:58Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/9642eng1369-412X10.1111/irfi.12046Abreu, J. F.Gulamhussen, M. A.info:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-07-07T03:20:44Zoai:repositorio.iscte-iul.pt:10071/9642Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-07-07T03:20:44Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The effectiveness of regulatory capital requirements prior to the onset of the financial crisis |
title |
The effectiveness of regulatory capital requirements prior to the onset of the financial crisis |
spellingShingle |
The effectiveness of regulatory capital requirements prior to the onset of the financial crisis Abreu, J. F. |
title_short |
The effectiveness of regulatory capital requirements prior to the onset of the financial crisis |
title_full |
The effectiveness of regulatory capital requirements prior to the onset of the financial crisis |
title_fullStr |
The effectiveness of regulatory capital requirements prior to the onset of the financial crisis |
title_full_unstemmed |
The effectiveness of regulatory capital requirements prior to the onset of the financial crisis |
title_sort |
The effectiveness of regulatory capital requirements prior to the onset of the financial crisis |
author |
Abreu, J. F. |
author_facet |
Abreu, J. F. Gulamhussen, M. A. |
author_role |
author |
author2 |
Gulamhussen, M. A. |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Abreu, J. F. Gulamhussen, M. A. |
description |
We extend the literature on the role of capital requirements as a regulatory tool by developing a continuous measure of the degree of regulatory pressure and by examining data on US commercial banks during the economic upturn that preceded the 2007–2009 ?nancial crisis. Our ?ndings indicate the inability of regulatory pressure to force banks to build capital buffers during the economic upturn that preceded the crisis. These ?ndings are consistent with the view that banks entered the crisis with inadequate levels of capital. Our ?ndings support the endeavors of regulators in explicitly demanding capital buffers in their new regulatory framework. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-08-27T20:50:20Z 2015-01-01T00:00:00Z 2015 2019-05-07T13:12:58Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/9642 |
url |
http://hdl.handle.net/10071/9642 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1369-412X 10.1111/irfi.12046 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Wiley |
publisher.none.fl_str_mv |
Wiley |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
mluisa.alvim@gmail.com |
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1817546446314930176 |