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Does bank supervision oversight impact economic activity? The case of the European Union
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Orientador(es)
Resumo(s)
The role of regulation in the banking industry undeniably becomes more prominent
when its flaws endanger the homeostasis of the financial system. The goal of this work project
is to analyse the effects of supervisory rating shocks in real activity for the European Union and
analyse the difference in response between its Northern and Southern segments. Through the
construction of a proxy of the CAMELS rating, and the selection of real GDP growth rate as
the measure of real activity, I address the magnitude of the shocks through the use of a vector
autoregressive (VAR) model and the local projections approach
Descrição
Palavras-chave
CAMELS ratings Vector autoregressive Local projections Supervisory rating shocks