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Capital account liberalization and the composition of bank liabilities
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Orientador(es)
Resumo(s)
Using a sample of almost 600 banks in Latin America, we show that capital account liberalization lowers the share of equity and raises the share of interbank funding in total liabilities of the consolidated banking system. These shifts are mostly due to large banks; smaller banks, instead, increase their resort to retail funding by offering higher average deposit interest rates than larger banks. We also find significant differences in the behavior of foreign banks and of banks with seemingly greater information opacity. These findings have positive implications for macro-prudential regulation.
Descrição
Palavras-chave
External Financial Liberalization International Capital Flows Bank Funding and Leverage
Contexto Educativo
Citação
Catão, Luís A. V. e Daniel Marcel te Kaat (2018). "Capital account liberalization and the composition of bank liabilities". Instituto Superior de Economia e Gestão – REM Working paper nº 053 - 2018
Editora
ISEG - REM - Research in Economics and Mathematics