التفاصيل البيبلوغرافية
| العنوان: |
Stress Testing and Bank Lending. |
| المؤلفون: |
Shapiro, Joel1 (AUTHOR) joel.shapiro@sbs.ox.ac.uk, Zeng, Jing2 (AUTHOR) |
| المصدر: |
Review of Financial Studies. Apr2024, Vol. 37 Issue 4, p1265-1314. 50p. |
| مصطلحات موضوعية: |
*BANKING industry, *FINANCIAL stress tests, *LOANS, *BANKING laws, *FINANCIAL risk management |
| مستخلص: |
Stress tests convey information about the strictness of future tests, creating incentives for banks to alter their future lending behavior. Regulators recognize and use this influence: they may conduct softer stress tests to encourage lending or tougher stress tests to reduce risk-taking. This information management can lead to inefficiencies when (a) the test loses credibility or (b) the test becomes self-fulfilling. In addition, banks may distort their lending behavior in anticipation of the stress test design, leading to further surplus losses. The analysis applies to banking supervision and regulation more broadly. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |