金融科技和影子银行时代的小银行贷款：一场侧记？

IF 6.8 1区经济学 Q1 BUSINESS, FINANCE

Review of Financial Studies Pub Date : 2022-06-14 DOI:10.1093/rfs/hhac038

Taylor A. Begley, K. Srinivasan

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引用次数: 6

摘要

在非银行占主导地位的情况下，小型银行利用关键的融资优势在抵押贷款市场站稳脚跟。我们提供了两种冲击对抵押贷款供应的异质性影响的证据：危机后的监管负担和GSE融资成本变化。小型银行利用对四大银行（Big4）的监管及其在资产负债表上的贷款能力产生了不成比例的影响，有力地取代了正在衰退的Big4。取消大型贷款机构的担保费折扣有助于小型银行GSE贷款的增长。小型银行还在更容易受到手续费上调影响的地区增加资产负债表贷款。

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Small Bank Lending in the Era of Fintech and Shadow Banks: A Sideshow?

Amid the emerging dominance of nonbanks, small banks use key financing advantages to persist in the mortgage market. We provide evidence of the heterogeneous impact of two shocks to the supply of mortgage credit: postcrisis regulatory burden and GSE financing cost changes. Small banks exploit regulation disproportionately affecting the largest four banks (Big4) and their ability to lend on balance sheet to strongly substitute for the retreating Big4. The erasure of guarantee fee (g-fee) discounts for large lenders facilitates small bank growth in GSE lending. Small banks also grow balance sheet loans in areas more exposed to g-fee hikes.

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来源期刊

Review of Financial Studies Multiple-

CiteScore

16.00

自引率

2.40%

发文量

期刊介绍： The Review of Financial Studies is a prominent platform that aims to foster and widely distribute noteworthy research in financial economics. With an expansive editorial board, the Review strives to maintain a balance between theoretical and empirical contributions. The primary focus of paper selection is based on the quality and significance of the research to the field of finance, rather than its level of technical complexity. The scope of finance within the Review encompasses its intersection with economics. Sponsoring The Society for Financial Studies, the Review and the Society appoint editors and officers through limited terms.