Does Macro-Prudential Regulation Leak? Evidence from a UK Policy Experiment.¶
AIYAR, S., CALOMIRIS, C. W., & WIELADEK, T. (2014). Does Macro-Prudential Regulation Leak? Evidence from a UK Policy Experiment. Journal of Money, Credit and Banking, 46, 181-214.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Boundary Signal Spillover
- In regulation, a rule targeted at one sector triggers anticipatory restructuring in an adjacent sector that fears extension.
This sourceDocuments regulatory spillover: a rule targeted at one set of (regulated) lenders shifts behaviour onto adjacent, unregulated lenders, evidence that a target-scoped rule reshapes an adjacent sector.
Supported in partVerified against the work's full text
Shows a rule on one bank group shifting lending to unregulated adjacent lenders, but as substitution leakage, not anticipatory restructuring by a sector fearing extension.
“But unregulated banks (resident foreign branches) increase lending in response to tighter capital requirements on a relevant reference group of regulated banks.”
- In regulation, a rule targeted at one sector triggers anticipatory restructuring in an adjacent sector that fears extension.
Verification¶
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