Size-conditioned mandatory capital adequacy disclosure and bank intermediation
© 2019 Accounting and Finance Association of Australia and New Zealand We add to the literature on the real effects of macroprudential regulation by investigating the novel link between a mandatory capital adequacy disclosure and bank intermediation. The mandatory disclosure stems from the Federal R...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
WILEY
2019
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/77007 |
| Summary: | © 2019 Accounting and Finance Association of Australia and New Zealand We add to the literature on the real effects of macroprudential regulation by investigating the novel link between a mandatory capital adequacy disclosure and bank intermediation. The mandatory disclosure stems from the Federal Reserve regulation change of 2013 and leads to identification of bank intermediation effects with treatment methods. A combined empirical strategy of difference-in-differences and regression discontinuity design point to economically significant evidence for the reduction of both lending and on-balance sheet liquidity creation, for banks that disclose their capital adequacy as prescribed by the regulation. |
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