Macroeconomic Impact of Basel III: Evidence from a Meta-Analysis

Konferenzbeitrag

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 level effect in response to a change in the 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 document a significant positive publication bias.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Beiträge zur Jahrestagung des Ausschusses für Wirtschaftssysteme und Institutionenökonomik im Verein für Socialpolitik: "Governance in Politik und Wirtschaft", 11.-13. September 2016, Witten/Herdecke

Classification and Topics

• Classification: Wirtschaft ; Money Supply; Credit; Money Multipliers ; Financial Markets and the Macroeconomy ; Financial Institutions and Services: Government Policy and Regulation
• Subject: Meta-analysis ; publication bias ; banking ; loans ; capital requirements ; Basel III

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Fidrmuc, Jarko ; Lind, Ronja
• Event: Veröffentlichung
• (who): Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik
• (where): Münster
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/175189
• Last update: 10.03.2025, 11:43 AM CET