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

Jarko Fidrmuc and Ronja Lind

Beiträge zur Jahrestagung 2016 (Witten/Herdecke) from Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik

Abstract: 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.

Keywords: Meta-analysis; publication bias; banking; loans; capital requirements; Basel III (search for similar items in EconPapers)
JEL-codes: E44 E51 G28 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-mac and nep-rmg
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Macroeconomic impact of Basel III: Evidence from a meta-analysis (2020)
Working Paper: Macroeconomic Impact of Basel III: Evidence from a Meta-Analysis (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vswi16:175189

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