Capital Requirements and Shifts in Commercial Bank Portfolios
研究了1989年以来美国商业银行将资产从商业贷款转向政府证券的现象，并检验了风险资本要求是否是其原因。
Since 1989, U.S. commercial banks have shifted their portfolios away from commercial loans toward government securities. Using data for individual banks, the authors document this shift and test for whether it can be attributed to the imposition of risk-based capital requirements. Their results indicate that these requirements may indeed account for part of the portfolio shift.