The real effects of banking supervision: Evidence from enforcement actions
dc.contributor.author | Danisewicz, P | |
dc.contributor.author | McGowan, D | |
dc.contributor.author | Onali, E | |
dc.contributor.author | Schaeck, K | |
dc.date.accessioned | 2020-01-06T12:43:06Z | |
dc.date.issued | 2016-10-24 | |
dc.description.abstract | We present a novel way to examine macro-financial linkages by focusing on the real effects of bank supervisors’ enforcement actions. Exploiting plausibly exogenous variation in supervisory monitoring intensity, we show that enforcement actions in single-market banks trigger temporarily large adverse effects for the macroeconomy by reducing personal income growth, the number of establishments, and increasing unemployment. These effects are related to contractions in bank lending and liquidity creation, and are more pronounced when we consider enforcement actions on both single-market and multi-market banks, and in counties with fewer banks and greater external financial dependence. | en_GB |
dc.identifier.citation | Vol. 35, pp. 86 - 101 | en_GB |
dc.identifier.doi | 10.1016/j.jfi.2016.10.003 | |
dc.identifier.uri | http://hdl.handle.net/10871/40257 | |
dc.language.iso | en | en_GB |
dc.publisher | Elsevier | en_GB |
dc.rights | © 2016. This version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/ | en_GB |
dc.subject | macro-financial linkages | en_GB |
dc.subject | real effects | en_GB |
dc.subject | economic growth | en_GB |
dc.subject | supervision | en_GB |
dc.subject | enforcement actions | en_GB |
dc.title | The real effects of banking supervision: Evidence from enforcement actions | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2020-01-06T12:43:06Z | |
dc.identifier.issn | 1042-9573 | |
dc.description | This is the author accepted manuscript. The final version is available from the publisher via the DOI in this record | en_GB |
dc.identifier.journal | Journal of Financial Intermediation | en_GB |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | en_GB |
dcterms.dateAccepted | 2016-10-16 | |
rioxxterms.version | AM | en_GB |
rioxxterms.licenseref.startdate | 2016-10-16 | |
rioxxterms.type | Journal Article/Review | en_GB |
refterms.dateFCD | 2020-01-06T12:40:08Z | |
refterms.versionFCD | AM | |
refterms.dateFOA | 2020-01-06T12:43:13Z | |
refterms.panel | C | en_GB |
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Except where otherwise noted, this item's licence is described as © 2016. This version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/