Cyclical implications of the Basel II capital standards

By Anil K. Kashyap, Jeremy C. Stein. 2004

554 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e97f824b62aa3a6fc0d109eb7239b5284b94b003

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Citations in the corpus

Procyclicality in Basel II: Can we treat the disease without killing the patient? (2006, result): “Results in Kashyap and Stein (2003) are consistent with this story.”
The Limits of Model-based Regulation (2014, unknown): “…potential problems associated with them have been discussed in several papers, for example, Brinkmann and Horvitz (1995), Jones (2000), Daníelsson, Embrechts, Goodhart, Keating, Muennich, Renault, and Shin (2001), Kashyap and Stein (2004), Hellwig (2010), and Behn, Haselmann, and Wachtel (2016).”
Bank size and risk-taking under Basel II (2005, background): “Several theoretical papers deal with the potentially adverse macroeconomic effects of Basel II, especially with its procyclicality and its neglect of the endogeneity of financial risk (see, e. g., Lowe (2002), Kashyap and Stein (2004), and Dańıelsson, Shin, and Zigrand (2004)).”
The Procyclical Effects of Basel II (2008, background): “See, for example, Kashyap and Stein (2004), Catarineu-Rabell, Jackson, and Tsomocos (2005), Gordy and Howells (2006), and Saurina and Trucharte (2007). at the interim date.13 In this economy, the supply of loans to the entrepreneurs who start up at date t might be affected by the recapitalization…”
Central banks and financial crises (2008, background): “The procyclicality of the Basel requirements (and especially of Basel II) (which began to be introduced just around the time the crisis erupted) had, of course, been noted before (see e.g. Borio, Furfine and Lowe (2001), Goodhart (2004), Kashyap and Stein (2004) and Gordy and Howells (2004)).”
Mitigating the pro-cyclicality of basel II (2010, methodology): “Let me – without going into details – outline one theory as proposed by Kashyap and Stein (2004).”
What Can (Macro-) Prudential Policy do to Support Monetary Policy? (2007, unknown): “…on given (fixed) portfolios pointed to an additional procyclicality of the order of up to 30% of the minimum requirement, especially in the case of the use of internal ratings (eg, Segoviano and Lowe (2002), Catarineu-Rabell et al (2003), Kashyap and Stein (2004), Gordy and Howells (2004)).”
The crisis of fair-value accounting: Making sense of the recent debate (2009, background): “requirements on lending (e.g., Kashyap and Stein, 2004 ).”
Credit Supply, Flight to Quality and Evergreening: An Analysis of Bank-Firm Relationships after Lehman (2010, background): “14More speci cally, Kashyap and Stein (2004) emphasize that (i) equity issues increase the value of existing debt, thus generating an externality in favor of debtholders and harming existing shareholders; (ii) equity issues may signal forthcoming losses.”
Liquidity and Leverage (2010, unknown): “Kashyap and Stein (2003) draw implications from such behavior for the pro-cyclical impact of the Basel II bank capital requirements.”