Does banking regulation cause counterproductive economic dynamics?

Henry Penikas and W. Selmier

HSE Working papers from National Research University Higher School of Economics

Abstract: This essay aims at highlighting the linkage between current international banking regulation (namely, that produced by the Basel Committee on Banking Supervision) and economic activity, which is proxied by the S&P500 stock market index. It is revealed that the amount of regulatory documents published per year affects stock market performance, but only for the next two years. Discussion on the probable reasons for this is included

Keywords: Basel Committee; Banking Regulation; Standard and Poor’s 500 Index; Granger Causality Test (search for similar items in EconPapers)
JEL-codes: E58 G20 G32 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2013
New Economics Papers: this item is included in nep-cba
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Published in WP BRP Series: Financial Economics / FE, July 2013, pages 1-13

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Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:15/fe/2013

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