Bank Regulatory Agreements and Real Estate Lending
研究发现，资本比率低的银行在监管机构采取正式行动后，房地产贷款减少幅度更大，尤其对依赖银行的借款人影响显著。
Recent studies have found that banks with low capital ratios have significantly decreased their lending to the real estate sector. This correlation between real estate lending and bank capital could be the result of voluntary decisions by banks to recapitalize, or it could be the result of direct actions taken by bank regulators. We find that banks with low capital ratios reduce their real estate lending substantially more after formal regulatory actions have been initiated by regulators. Furthermore, this reduction in lending is particularly large for the categories of real estate borrowers most likely to be bank dependent.