文章基本信息

标题：Economics of capital adjustment in the US commercial banks: empirical analysis
本地全文：下载
作者：Faisal Abbas ; Shoaib Ali ; Ghulame Rubbaniy 等
期刊名称：Journal of Applied Economics
印刷版ISSN：1514-0326
电子版ISSN：1667-6726
出版年度：2021
卷号：24
期号：1
页码：71-90
DOI：10.1080/15140326.2021.1881877
摘要：Using GMM framework on the data of the US commercial banks spanning over 2002 to 2018, this study shows that banks adjust their regulatory capital ratios faster than traditional capital ratios. Our results show that the speed of adjustment of regulatory capital ratios and traditional capital ratios increases in bank capital adequacy and bank liquidity, respectively. We also find that the speed of adjustment of regulatory capital ratios of too-big-to-fail banks is lower than well-capitalized, adequately-capitalized, nationally-chartered, and state-chartered banks. In addition, the speed of adjustment of regulatory capital ratios of commercial banks is higher in the post-crisis period than the pre-crisis era. Although scholars suggest that adjustment of capital ratios through rebalancing liabilities is more beneficial to the banks, our findings show that banks also use their assets side of balance sheet to rebalance their capital ratios.
关键词：Capital ratio ; regulatory ratio ; tier-I ratio ; speed of capital adjustment ; bank charters