Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/67146
Título: | Adjustment in banks’ capital ratios and its effects on Portuguese SMEs |
Autor(es): | Ribeiro, Vinícius Gobetti |
Orientador(es): | Alexandre, Fernando Portela, Miguel |
Palavras-chave: | Credit crunch Loan to deposit ratios Regulations Access to credit Crisis Liquidity shock |
Data: | 2020 |
Resumo(s): | We will study the credit supply effects of the unexpected regulation in capital ratios (LTD ratio) imposed by the Troika under the Economic Adjustment Program for Portugal, using an exhaustive Portuguese loan-level data for SMEs. The introduction of LTDs ratios regulations may force banks to reduce their exposure to credit markets and in order to adequate its balance sheet, banks can reduce lending for firms causing funding problems to companies. In order to evaluate the impact of this regulation, we will have to construct a variable to measure the degree of exposure of firms’ to more or less affected banks. Therefore, we will have to control for several firm-level balance sheet variables and sales to account for market demand. Using data from Central Balance Sheet provided by Banco de Portugal, an extensive dataset containing balance sheet variables for a representative number of firms operating in Portugal, we conclude that in fact the LTD ratio policy had an impact in firms’ investment during the period of analysis. |
Tipo: | Dissertação de mestrado |
Descrição: | Dissertação de mestrado em Economia |
URI: | https://hdl.handle.net/1822/67146 |
Acesso: | Acesso aberto |
Aparece nas coleções: | BUM - Dissertações de Mestrado EEG - Dissertações de Mestrado |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Vinicius Ribeiro.pdf | 936,71 kB | Adobe PDF | Ver/Abrir |
Este trabalho está licenciado sob uma Licença Creative Commons