International Banking and Cross-Border Effects of Regulation: Lessons from Switzerland
研究外国审慎监管措施变化对瑞士银行的影响，发现平均而言无显著效应，但对流动性较差的银行，外国资本监管变化会显著影响其国内贷款增长，但影响幅度较小。
As part of the IBRN initiative on prudential spillovers, we study the effects of changes in foreign prudential measures on banks in Switzerland. For the average bank we find no evidence that the foreign prudential measures considered affect domestic lending growth or foreign funding growth. Meanwhile, the effects of foreign prudential measures differ across banks with different balance sheet characteristics. In particular, changes in foreign capital regulations do have significant effects on the domestic lending growth of banks with unfavorable liquidity positions (low core deposit ratios or high illiquid asset ratios). However, these effects remain quantitatively small, relative to the overall variability of lending growth.