Macroeconomic impact of Basel III: Evidence from a meta-analysis

Wirtschaftswissenschaften

Fidrmuc, Jarko, Lind, Ronja

Macroeconomic impact of Basel III: Evidence from a meta-analysis

Fidrmuc, Jarko, Lind, Ronja: Macroeconomic impact of Basel III: Evidence from a meta-analysis, Journal of Banking and Finance, 2020; Jg. 112 (105359): 1-14: https://doi.org/10.1016/j.jbankfin.2018.05.017.

Originalarbeiten in wissenschaftlichen Fachzeitschriften

We present a meta-analysis of the impact of higher capital requirements imposed by regulatory reforms on the macroeconomic activity (Basel III). The empirical evidence derived from a unique dataset of 48 primary studies indicates that there is a negative, albeit moderate GDP effect in response to a change in the target capital ratio. Meta-regression results suggest that the estimates reported in the literature tend to be systematically influenced by a selected set of study characteristics, such as econometric specifications, the authors’ affiliations, and the underlying financial system. Finally, we discuss the publication bias.

https://doi.org/10.1016/j.jbankfin.2018.05.017

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