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Does capital regulation matter for bank behaviour? Evidence for German savings banks

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dc.creator Heid, Frank
dc.creator Porath, Daniel
dc.creator Stolz, Stéphanie
dc.date 2004
dc.date.accessioned 2013-10-16T07:06:31Z
dc.date.available 2013-10-16T07:06:31Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19730
dc.identifier ppn:393265080
dc.identifier RePEc:zbw:bubdp2:4252
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19730
dc.description The aim of this paper is to assess how German savings banks adjust capital and risk under capital regulation. We estimate a modified version of the model developed by Shrieves and Dahl (1992). This paper contributes to the literature in three ways. First, we test the capital buffer theory (Marcus 1984, Milne and Whalley 2002). Second, we use dynamic panel data techniques that explicitly take unobserved heterogeneity into account. And third, we provide new evidence for non-US banks by using a new dataset of supervisory data collected by the Deutsche Bundesbank. We find evidence that the coordination of capital and risk adjustments depends on the amount of capital the bank holds in excess of the regulatory minimum (the "capital buffer"). Banks with low capital buffers try to rebuild an appropriate capital buffer by raising capital while simultaneously lowering risk. In contrast, banks with high capital buffers try to maintain their capital buffer by increasing risk when capital increases. These findings support the capital buffer theory.
dc.language eng
dc.relation Discussion Paper, Series 2: Banking and Financial Supervision 2004,03
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G28
dc.subject G21
dc.subject ddc:330
dc.subject bank regulation
dc.subject risk taking
dc.subject bank capital
dc.subject Sparkasse
dc.subject Bankrisiko
dc.subject Eigenkapitalvorschriften
dc.subject Bilanzstrukturmanagement
dc.subject Schätzung
dc.subject Deutschland
dc.title Does capital regulation matter for bank behaviour? Evidence for German savings banks
dc.type doc-type:workingPaper


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