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Impact of Financial Regulation on Emerging Countries

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Author Info

  • Maria Abascal
  • Luis Carranza Ugarte
  • Mayte Ledo
  • Arnoldo Lopez Marmolejo

Abstract

This article analyzes the potential impact of a higher level of capital and liquidity of banks on the credit penetration and the economic development in emerging countries. To do so, it employs an econometric exercise in two stages. In the first stage it is estimated the impact of capital and liquidity on the quantity and the price of credit. In the second stage it is quantified the impact of credit and its price on the GDP per capita. Thus, the impact of regulation on output is estimated using a chain rule. The article shows that in general the effects of capital and liquidity are higher in emerging countries in terms of banking penetration and GDP per capita.

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Bibliographic Info

Paper provided by BBVA Bank, Economic Research Department in its series Working Papers with number 1108.

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Length: 19 pages
Date of creation: Mar 2011
Date of revision:
Handle: RePEc:bbv:wpaper:1108

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Related research

Keywords: Basel III; capital; liquidity; banking penetration;

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References

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  1. Rafael Repullo & Jesús Saurina & Carlos Trucharte, 2009. "Mitigating The Procyclicality Of Basel Ii," Working Papers wp2009_0903, CEMFI.
  2. Rojas-Suarez, Liliana, 2002. "Can international capital standards strengthen banks in emerging markets?," Journal of Financial Transformation, Capco Institute, vol. 5, pages 51-63.
  3. John, Kose & John, Teresa A. & Saunders, Anthony, 1994. "Universal banking and firm risk-taking," Journal of Banking & Finance, Elsevier, vol. 18(2), pages 307-323, January.
  4. Liliana Rojas-Suarez, 2010. "The International Financial Crisis: Eight Lessons for and from Latin America," Working Papers 202, Center for Global Development.
  5. Ray Barrell & E Philip Davis & Tatiana Fic & Dawn Holland & Simon Kirby & Iana Liadze, 2009. "Optimal Regulation of Bank Capital and Liquidity: How to Calibrate New International Standards," Occasional Papers 38, Financial Services Authority.
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Cited by:
  1. Gregorio Impavido & Heinz Rudolph & Luigi Ruggerone, 2013. "Bank Funding in Central, Eastern and South Eastern Europe Post Lehman," IMF Working Papers 13/148, International Monetary Fund.

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