Seminario académico de Finanzas y Contabilidad

08 de noviembre, 13:00 horas, sala P307, Facultad de Economía y Negocios.

Expositor: Antonio Lemus, economista, Superintendencia de Bancos e Instituciones Financieras de Chile.

During the global financial crisis of 2008 banks suffered losses on a scale not witnessed since the Great Depression, with the regulatory response concentrated on the Basel III recommendations, raising core capital requirements for banking institutions, and thus affecting their business model. Consequently, these changes have had implications on how banks grant loans, how they react to monetary policy and global external shocks. In this paper, we find evidence of interactions between some Chilean banks’ characteristics (named, provisions, retail loans, and short-term funding) and the credit growth supply. Next, we find that more capitalized banks are more likely to buffer monetary policy shocks. Finally, when excluding the publicly owned bank, we see slightly more significant effects, compared to the baseline model, and confirm the counter-cyclical role of Banco Estado in periods of a credit crunch.