Capital account liberalization and the composition of bank liabilities
Autor(a) principal: | |
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Data de Publicação: | 2018 |
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/10400.5/16268 |
Resumo: | Using a sample of almost 600 banks in Latin America, we show that capital account liberalization lowers the share of equity and raises the share of interbank funding in total liabilities of the consolidated banking system. These shifts are mostly due to large banks; smaller banks, instead, increase their resort to retail funding by offering higher average deposit interest rates than larger banks. We also find significant differences in the behavior of foreign banks and of banks with seemingly greater information opacity. These findings have positive implications for macro-prudential regulation. |
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Capital account liberalization and the composition of bank liabilitiesExternal Financial LiberalizationInternational Capital FlowsBank Funding and LeverageUsing a sample of almost 600 banks in Latin America, we show that capital account liberalization lowers the share of equity and raises the share of interbank funding in total liabilities of the consolidated banking system. These shifts are mostly due to large banks; smaller banks, instead, increase their resort to retail funding by offering higher average deposit interest rates than larger banks. We also find significant differences in the behavior of foreign banks and of banks with seemingly greater information opacity. These findings have positive implications for macro-prudential regulation.ISEG - REM - Research in Economics and MathematicsRepositório da Universidade de LisboaCatão, Luís A. V.Kaat, Daniel Marcel te2018-10-30T11:15:44Z2018-102018-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/16268engCatão, Luís A. V. e Daniel Marcel te Kaat (2018). "Capital account liberalization and the composition of bank liabilities". Instituto Superior de Economia e Gestão – REM Working paper nº 053 - 20182184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:46:06Zoai:www.repository.utl.pt:10400.5/16268Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:42.950433Repositório 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 |
Capital account liberalization and the composition of bank liabilities |
title |
Capital account liberalization and the composition of bank liabilities |
spellingShingle |
Capital account liberalization and the composition of bank liabilities Catão, Luís A. V. External Financial Liberalization International Capital Flows Bank Funding and Leverage |
title_short |
Capital account liberalization and the composition of bank liabilities |
title_full |
Capital account liberalization and the composition of bank liabilities |
title_fullStr |
Capital account liberalization and the composition of bank liabilities |
title_full_unstemmed |
Capital account liberalization and the composition of bank liabilities |
title_sort |
Capital account liberalization and the composition of bank liabilities |
author |
Catão, Luís A. V. |
author_facet |
Catão, Luís A. V. Kaat, Daniel Marcel te |
author_role |
author |
author2 |
Kaat, Daniel Marcel te |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Catão, Luís A. V. Kaat, Daniel Marcel te |
dc.subject.por.fl_str_mv |
External Financial Liberalization International Capital Flows Bank Funding and Leverage |
topic |
External Financial Liberalization International Capital Flows Bank Funding and Leverage |
description |
Using a sample of almost 600 banks in Latin America, we show that capital account liberalization lowers the share of equity and raises the share of interbank funding in total liabilities of the consolidated banking system. These shifts are mostly due to large banks; smaller banks, instead, increase their resort to retail funding by offering higher average deposit interest rates than larger banks. We also find significant differences in the behavior of foreign banks and of banks with seemingly greater information opacity. These findings have positive implications for macro-prudential regulation. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-10-30T11:15:44Z 2018-10 2018-10-01T00:00:00Z |
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/10400.5/16268 |
url |
http://hdl.handle.net/10400.5/16268 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Catão, Luís A. V. e Daniel Marcel te Kaat (2018). "Capital account liberalization and the composition of bank liabilities". Instituto Superior de Economia e Gestão – REM Working paper nº 053 - 2018 2184-108X |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - REM - Research in Economics and Mathematics |
publisher.none.fl_str_mv |
ISEG - REM - Research in Economics and Mathematics |
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 |
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1799131105748582400 |