Template-Type: ReDIF-Paper 1.0
Author-Name: Angelo Baglioni
Author-X-Name-First: Angelo
Author-X-Name-Last: Baglioni
Author-Email: angelo.baglioni@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica
Author-Name: Andrea Boitani
Author-X-Name-First: Andrea
Author-X-Name-Last: Boitani
Author-Email: andrea.boitani@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica
Author-Name: Massimo Liberatore 
Author-X-Name-First: Massimo
Author-X-Name-Last: Liberatore
Author-Email: massimo.liberatore@hotmail.com
Author-Workplace-Name: DISCE, Università Cattolica
Author-Name: Andrea Monticini
Author-X-Name-First: Andrea
Author-X-Name-Last: Monticini
Author-Email: andrea.monticini@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica
Title: Is the Leverage of European Commercial Banks Pro-Cyclical?
Abstract: Detecting whether banks?leverage is indeed procyclical is relevant
to support the view that booms and crises may be reinforced by some
sort of supply side ?nancial accelerator, whilst ?nding a plausible ex-
planation of banks?behaviour is crucial to trace the road for a sensible
reform of ?nancial regulation and managers? incentives. The paper
shows that procyclical leverage appears to be well entrenched in the
behaviour of a sample of major European banks, which are commonly labelled as mainly "commercial banks".
Length: 9
Creation-Date: 2010-05
File-URL: http://www.unicatt.it/Istituti/EconomiaFinanza/Quaderni/ief0093.pdf
File-Format: Application/pdf
File-Function: First version, 2010
Number: ief0093
Classification-JEL: G21 and E3
Keywords: Banks, Pro-cyclicality, Financial Regulation.
Handle: RePEc:ctc:serie3:ief0093