Macroprudential regulations and bank profit efficiency: international evidence |
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Authors: | Gaganis Chrysovalantis Galariotis Emilios Pasiouras Fotios Staikouras Christos |
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Affiliation: | 1.Department of Economics, University of Crete, Rethymnon, Greece ;2.Audencia Business School, Nantes, France ;3.Montpellier Business School, Montpellier, France ;4.Ministry of Finance, Athens, Greece ;5.Athens University of Economics and Business, Athens, Greece ; |
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Abstract: | This study examines the impact of macroprudential regulations on bank profit efficiency. The latter is being estimated with a production frontier function using a cross-country dataset of more than 3000 banks from over 130 countries during 2013–2018. The results show that macroprudential regulatory policies diminish bank efficiency. This finding applies to both borrower-targeted and financial institutions-targeted policies, and it is robust to the inclusion of controls for microprudential regulations, financial consumer protection policies, and other county-level characteristics in the regressions. |
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