The Real Effects of Bank Capital Requirements

© 2019 INFORMS. We measure the impact of bank capital requirements on corporate borrowing, investment, and employment using loan-level data. The Basel II regulatory framework makes capital requirements vary across both banks and firms, which allows us to control for time-varying firm-level risk and...

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Bibliographic Details
Main Authors: Fraisse, Henri, Lé, Mathias, Thesmar, David
Other Authors: Sloan School of Management
Format: Article
Language:English
Published: Institute for Operations Research and the Management Sciences (INFORMS) 2021
Online Access:https://hdl.handle.net/1721.1/136646