Basel Capital Requirements and Credit Crunch in the MENA Region:
The 1988 Basel I Accord set the common requirements of bank capital to promote the soundness and stability of the international banking system. The agreement required banks to hold capital in proportion to their perceived credit risks, and this requirement may have caused a "credit crunch,"...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 13/160 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | The 1988 Basel I Accord set the common requirements of bank capital to promote the soundness and stability of the international banking system. The agreement required banks to hold capital in proportion to their perceived credit risks, and this requirement may have caused a "credit crunch," a significant reduction in the supply of credit. We investigate the direct link between the implementation of the Basel I Accord and lending activities, using a data set spanning annual observations covering 1989-2004 for banks in Egypt, Jordan, Lebanon, Morocco, and Tunisia. The results provide clear support for a significant increase in credit growth following the implementation of capital regulations, in general. Despite higher capital adequacy ratios, banks expanded credit and asset growth. Credit growth appears to be driven by demand fluctuations attributed to real growth, cost of borrowing, and exchange rate risk. Overall, the effects of macroeconomic variables, in contrast to capital adequacy, appear to be more dominant in determining credit growth, regardless of the capital adequacy ratio, and regardless of variation across banks by nationality, ownership, and listing |
| Beschreibung: | 1 Online-Ressource (39 p) |
| ISBN: | 1475586272 9781475586275 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:15Z |
| indexdate | 2024-07-10T09:35:22Z |
| institution | BVB |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Ben Naceur, Sami Verfasser aut Basel Capital Requirements and Credit Crunch in the MENA Region Ben Naceur, Sami Washington, D.C International Monetary Fund 2013 1 Online-Ressource (39 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/160 The 1988 Basel I Accord set the common requirements of bank capital to promote the soundness and stability of the international banking system. The agreement required banks to hold capital in proportion to their perceived credit risks, and this requirement may have caused a "credit crunch," a significant reduction in the supply of credit. We investigate the direct link between the implementation of the Basel I Accord and lending activities, using a data set spanning annual observations covering 1989-2004 for banks in Egypt, Jordan, Lebanon, Morocco, and Tunisia. The results provide clear support for a significant increase in credit growth following the implementation of capital regulations, in general. Despite higher capital adequacy ratios, banks expanded credit and asset growth. Credit growth appears to be driven by demand fluctuations attributed to real growth, cost of borrowing, and exchange rate risk. Overall, the effects of macroeconomic variables, in contrast to capital adequacy, appear to be more dominant in determining credit growth, regardless of the capital adequacy ratio, and regardless of variation across banks by nationality, ownership, and listing Online-Ausg Kandil, Magda E. Sonstige oth http://elibrary.imf.org/view/IMF001/20653-9781475586275/20653-9781475586275/20653-9781475586275.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Ben Naceur, Sami Basel Capital Requirements and Credit Crunch in the MENA Region |
| title | Basel Capital Requirements and Credit Crunch in the MENA Region |
| title_auth | Basel Capital Requirements and Credit Crunch in the MENA Region |
| title_exact_search | Basel Capital Requirements and Credit Crunch in the MENA Region |
| title_exact_search_txtP | Basel Capital Requirements and Credit Crunch in the MENA Region |
| title_full | Basel Capital Requirements and Credit Crunch in the MENA Region Ben Naceur, Sami |
| title_fullStr | Basel Capital Requirements and Credit Crunch in the MENA Region Ben Naceur, Sami |
| title_full_unstemmed | Basel Capital Requirements and Credit Crunch in the MENA Region Ben Naceur, Sami |
| title_short | Basel Capital Requirements and Credit Crunch in the MENA Region |
| title_sort | basel capital requirements and credit crunch in the mena region |
| url | http://elibrary.imf.org/view/IMF001/20653-9781475586275/20653-9781475586275/20653-9781475586275.xml |
| work_keys_str_mv | AT bennaceursami baselcapitalrequirementsandcreditcrunchinthemenaregion AT kandilmagdae baselcapitalrequirementsandcreditcrunchinthemenaregion |