Did the Basel Accord Cause a Credit Slowdown in Latin America?

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dc.description.abstract Drawing from a unique data set comprising 2,893 banks and 152 countries over the period 1987 to 2000, we test whether the adoption of the Basel Accord by Latin American and Caribbean countries was responsible for the serious slowdowns in credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do find evidence that loan growth became more sensitive to some risk factors. Our study suggests that the upcoming adoption of Basel II might cause greater procyclicality of credit. en
dc.title Did the Basel Accord Cause a Credit Slowdown in Latin America? en
dc.contributor.author Barajas, Adolfo
dc.contributor.author Chami, Ralph
dc.contributor.author Cosimano, Thomas
dc.date.accessioned 2014-11-11T01:00:19Z
dc.date.available 2014-11-11T01:00:19Z
dc.date.issued 2004-10
dc.identifier.issn 1529-7470
dc.identifier.uri http://hdl.handle.net/123456789/48728
lacea.language.supported en
dc.contributor.other Comment by María Soledad Martínez Pería
dc.language.iso en
dc.publisher Brookings Institution Press
dc.subject Monetary policy
dc.subject Central banking
dc.subject Money supply
dc.subject Latin America
dc.subject Public debt
dc.type Article

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