Rescue packages and bank lending - Université Paris Nanterre Accéder directement au contenu
Article Dans Une Revue Journal of Banking and Finance Année : 2013

Rescue packages and bank lending

Michael Brei
Leonardo Gambacorta
  • Fonction : Auteur
Goetz von Peter
  • Fonction : Auteur

Résumé

This paper examines whether the rescue measures adopted during the global financial crisis helped to sustain the supply of bank lending. The analysis proposes a setup that allows testing for structural shifts in the bank lending equation, and employs a novel dataset covering large international banks headquartered in 14 major advanced economies for the period 1995-2010. While stronger capitalisation sustains loan growth in normal times, banks during a crisis can turn additional capital into greater lending only once their capitalisation exceeds a critical threshold. This suggests that recapitalisations may not translate into greater credit supply until bank balance sheets are sufficiently strengthened.

Dates et versions

hal-01410576 , version 1 (06-12-2016)

Identifiants

Citer

Michael Brei, Leonardo Gambacorta, Goetz von Peter. Rescue packages and bank lending. Journal of Banking and Finance, 2013, 37, pp.490 - 505. ⟨10.1016/j.jbankfin.2012.09.010⟩. ⟨hal-01410576⟩
30 Consultations
0 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More