Macroprudential policy, countercyclical bank capital buffers and credit supply: evidence from the sp...
Macroprudential policy, countercyclical bank capital buffers and credit supply: evidence from the spanish dynamic provisioning experiments
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Chicago, IL: University of Chicago Press
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Language
English
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Publisher
Chicago, IL: University of Chicago Press
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Contents
To study the impact of macroprudential policy on credit supply cycles and real effects, we analyze dynamic provisioning. Introduced in Spain in 2000, revised four times, and tested in its countercyclicality during the crisis, it affected banks differentially. We find that dynamic provisioning smooths credit supply cycles and, in bad times, supports...
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Full title
Macroprudential policy, countercyclical bank capital buffers and credit supply: evidence from the spanish dynamic provisioning experiments
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TN_cdi_proquest_journals_2018672786
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2018672786
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ISSN
1537-534X,0022-3808
E-ISSN
1537-534X
DOI
10.1086/694289
