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Macroprudential policy effect on the link between lending and capital ratio – the role of economic development and capital account openness

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dc.abstract.enIn this paper we ask about the role of macroprudential policies to affect the link between lending and capital ratio in countries differing in economic development and capital account openness. To resolve this problem we apply the GMM 2-step Blundell and Bond approach to a sample covering over 60 countries. Our results show that the effect of macroprudential policies on the association between lending and the capital ratio in non-crisis periods is stronger in advanced countries than in emerging countries. Differentiating by the level of capital account openness, we find that macroprudential policies are more effective in increasing the resilience of banks and thus weakening the association between loan supply and capital ratio for relatively closed economies but less effective for relatively open economies. Generally, with our study we are able to support the view that macroprudential policy has the potential to curb the procycli-cal impact of bank capital on lending.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorOlszak, Małgorzata
dc.contributor.authorRoszkowska, Sylwia
dc.contributor.authorKowalska, Iwona
dc.date.accessioned2024-01-25T05:30:35Z
dc.date.available2024-01-25T05:30:35Z
dc.date.issued2017
dc.description.accesstimeAT_PUBLICATION
dc.description.financeNie dotyczy
dc.description.number1 (10)
dc.description.versionFINAL_PUBLISHED
dc.description.volume-
dc.identifier.issn1899-4822
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/111646
dc.identifier.weblinkhttp://www.knfpan.pan.pl/images/Fin._110-17_18-M.Olszak_i_in.pdf
dc.languageeng
dc.pbn.affiliationeconomics and finance
dc.relation.ispartofFINANSE Czasopismo Komitetu Nauk o Finansach PAN
dc.relation.pages315 - 329
dc.rightsCC-BY-NC-ND
dc.sciencecloudnosend
dc.subject.enLoan supply
dc.subject.encapital ratio
dc.subject.enProcyclicality
dc.subject.enMacroprudential policy
dc.subject.plPodaż kredytu
dc.subject.plwspółczynnik kapitałowy
dc.subject.plProcykliczność
dc.subject.plpolityka makroostrożnośc
dc.titleMacroprudential policy effect on the link between lending and capital ratio – the role of economic development and capital account openness
dc.typeJournalArticle
dspace.entity.typePublication