Capital requirements and shifts in commercial bank portfolios
Since 1989, U.S. commercial banks have shifted their portfolios away from commercial loans toward government securities. Using data for individual banks, the authors document this shift and test for whether it can be attributed to the imposition of risk-based capital requirements. Their results indicate that these requirements may indeed account for part of the portfolio shift.
Volume (Year): (1993)
Issue (Month): Q III ()
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