Coffinet, Jérôme; Coudert, Virginie; Pop, Adrian; … - In: Journal of International Financial Markets, … 22 (2012) 5, pp. 1110-1125
We assess the extent to which bank capital buffers exacerbate the cyclical behavior of credit. We empirically study the relationships between GDP growth, capital buffers and loan growth with firm-level data for French banks over the period 1993–2009. Based on panel data simultaneous equations...