Finance companies in Mexico: Unexpected victims of the global liquidity crunch

Berrospide, Jose M.; Herrerias, Renata

doi:10.1016/j.jfs.2015.02.004

Cited by 13 publications

(8 citation statements)

References 14 publications

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“…In addition to bank-specific characteristics, it is also very important to account for macroeconomic conditions and credit demand effects by using country-level time series when studying the determinants of bank-lending-supply (Ehrmann et al, 2003;Gambacorta, 2005;Carlson et al, 2013;Brei et al, 2013;Berrospide and Herrerias, 2015).…”

Section: Macroeconomic Indicators As Determinants Of Individual Bank-mentioning

confidence: 99%

Basel III and bank-lending: Evidence from the United States and Europe

Naceur

Marton

Roulet

2018

Journal of Financial Stability

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Using data on commercial banks in the United States and Europe, this paper analyses the impact of the new Basel III capital and liquidity regulation on bank-lending following the 2008 financial crisis. We find that U.S. banks reinforce their risk absorption capacities when expanding their credit activities. Capital ratios have significant, negative impacts on bankretail-and-other-lending-growth for large European banks in the context of deleveraging and the "credit crunch" in Europe over the post-2008 financial crisis period. Additionally, liquidity indicators have positive but perverse effects on bank-lending-growth, which supports the need to consider heterogeneous banks' characteristics and behaviors when implementing new regulatory policies. JEL Classification Numbers: G21, G28

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Section: Macroeconomic Indicators As Determinants Of Individual Bank-mentioning

confidence: 99%

Basel III and bank-lending: Evidence from the United States and Europe

Naceur

Marton

Roulet

2018

Journal of Financial Stability

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Section: Macroeconomic Indicators As Determinants Of Individual Bank-mentioning

confidence: 99%

Basel III and Bank-Lending: Evidence from the United States and Europe

Naceur

Pépy²,

Roulet³

2017

IMF Working Papers

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“…Their main finding is that there are increasing trends of efficiency in the banking sector during their period of study, while local banks are more efficient than foreign-owned banks. 3 Berrospide and Herrerias (2015) study the impact of the global financial crisis on SOFOLES from 2001 to 2011. They find evidence supporting the view that the liquidity shock explains 64 percent of the lending contraction of SOFOLES, while deregulatory policies had a minor and almost unnoticeable role.…”

Section: Introductionmentioning

confidence: 99%

“…Banks faced difficulties and had to cut their lending. However, non-bank financial corporations of limited purpose (i.e., SOFOLES, the acronym in Spanish) suffered significantly more as banks cut their lending to them (seeBerrospide and Herrerias (2015)).…”

mentioning

confidence: 99%

Measuring the evolution of competition and the impact of the financial reform in the Mexican banking sector, 2008–2019

Batiz‐Zuk

Lara-Sánchez

2022

Research in International Business and Finance

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This paper analyzes the monthly evolution of bank competition in Mexico from 2008 to 2019 using different measures. Subsequently, we analyze whether the 2014 financial reform had an effect on some of our competition measures. We use ordinary and quantile regression techniques and Markov switching models to identify changes in regimes. We find partial empirical evidence supporting the idea that the reform had a positive average effect and increased banks competition intensity during a few years. However, we also document heterogeneity as some large banks benefited from an increase in their market power. We perform several robustness tests and report that our measures lead to values that are congruent and similar to those available in the literature. The main policy lesson of our research is that regulators could benefit from the monitoring of competition evolution using a finer time frequency.

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Finance companies in Mexico: Unexpected victims of the global liquidity crunch

Cited by 13 publications

References 14 publications

Basel III and bank-lending: Evidence from the United States and Europe

Basel III and bank-lending: Evidence from the United States and Europe

Basel III and Bank-Lending: Evidence from the United States and Europe

Measuring the evolution of competition and the impact of the financial reform in the Mexican banking sector, 2008–2019

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