期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2014
出版社：European Central Bank
摘要：This paper presents evidence that banks react to regulation in a forward-lookingmanner. A case study documents a reaction to Basel II as early as 2000, in other words aboutseven years prior to the implementation of the regulation in 2007. Based on the initialinformation released on Basel II, banks loosened their credit policies towards households.The changes were substantial, improving household credit availability by 20-50%. A newapproach to estimate borrowing constraints from loan samples is also presented.
关键词：Credit policy; Borrowing constraints; Bank regulation
