We present a meta-analysis of the impact of higher capital requirements imposed by regulatory reforms on the macroeconomic activity (Basel III). The empirical evidence derived from a unique dataset of 48 primary studies indicates that there is a negative, albeit moderate GDP level effect in...

In estimating agglomeration benefits across five OECD countries, this paper represents the first empirical analysis that contrasts cross-country evidence on agglomeration benefits with the productivity impact of metropolitan governance structures, while taking into account the potential sorting...

Based on a dynamic panel data analysis of South-Eastern European (SEE) banks over 10-year period, this paper explores risk-taking implications of changes in capital buffers. Its findings support the capital buffer theory. Firstly, banks increase their asset riskiness within the capital buffers...