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The impact of regulatory requirements on the banking flows to emerging countries

Author

Listed:
  • Samira Hellou

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Michel Boutillier

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

Le renforcement des exigences réglementaires, avec l'évolution de la réglementation bancaire, peut avoir un effet négatif sur le financement extérieur bancaire des pays émergents fortement dépendants à ce type de financement. En effet, plusieurs études ont fait naître des craintes sur les effets potentiels des ajustements réglementaires importants sur les prêts bancaires vers les marchés émergents. Ce papier présente un essai pour estimer la sensibilité des flux bancaires à l'augmentation des exigences réglementaires, dans un cadre macroéconomique basé sur les déterminants des flux des crédits des banques de 19 pays développés vers 37 pays émergents. Les résultats des estimations en GMM confirment l'impact négatif des exigences réglementaires sur les flux bancaires vers les pays émergents, l'impact significatif de l'ouverture commerciale et l'effet négatif de la financiarisation des banques sur les flux bancaires vers ces pays. Les résultats montrent aussi que les pays notés en catégorie spéculative sont influencé par les exigences réglementaires, contrairement aux pays notés en catégorie investissement.

Suggested Citation

  • Samira Hellou & Michel Boutillier, 2017. "The impact of regulatory requirements on the banking flows to emerging countries," Working Papers hal-04141664, HAL.
    • Handle: RePEc:hal:wpaper:hal-04141664
    Note: View the original document on HAL open archive server: https://hal.science/hal-04141664
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    flux bancaires; pays émergents; facteurs pull et push; exigences réglementaires.;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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