Abascal, Maria; Carranza Ugarte, Luis; Ledo, Mayte; … - BBVA Research, Grupo BBVA - 2011
This article analyzes the potential impact of a higher level of capital and liquidity of banks on the credit … first stage it is estimated the impact of capital and liquidity on the quantity and the price of credit. In the second stage … it is quantified the impact of credit and its price on the GDP per capita. Thus, the impact of regulation on output is …