Unintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry.

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dc.contributor.advisorVanHoose, David D.
dc.creatorHubbert, Austin Taylor, 1996-
dc.creator.orcid0000-0001-5548-3239
dc.date.accessioned2018-05-30T12:43:58Z
dc.date.available2018-05-30T12:43:58Z
dc.date.created2018-05
dc.date.issued2018-04-20
dc.date.submittedMay 2018
dc.date.updated2018-05-30T12:43:59Z
dc.description.abstractNumerous solutions have been posed to address the risks that fractional reserve banking systems cause for depositors. The newest regulatory trend to combat these issues has been capital regulation. Many critics have accused capital regulation of increasing the natural procyclicality of bank loan supply. However, to date the literature appears to say little on whether or not the Basel I capital regulations have any effect on the natural procyclicality of bank loan supply. To test this, I constructed a new loan supply function to determine the relationship between the business cycle and the real loan supply. A Chow Test was then conducted to determine whether this relationship changed at the date of Basel I implementation. I found that this relationship increased significantly after the implementation of Basel I, allowing me to conclude that the Basel I capital regulations increased the natural procyclicality of bank loan supply.
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/2104/10323
dc.language.isoen
dc.rights.accessrightsWorldwide access
dc.subjectBanking. Basel I. Procyclicality.
dc.titleUnintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry.
dc.typeThesis
dc.type.materialtext
thesis.degree.departmentBaylor University. Dept. of Economics.
thesis.degree.grantorBaylor University
thesis.degree.levelMasters
thesis.degree.nameM.S.Eco.

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