Matches in SemOpenAlex for { <https://semopenalex.org/work/W3213887977> ?p ?o ?g. }
- W3213887977 endingPage "143" @default.
- W3213887977 startingPage "123" @default.
- W3213887977 abstract "ABSTRACT Following the financial crisis of 2007–2008, Basel III recommended that bank regulators include changes in the fair value of available-for-sale (AFS) debt securities in Tier 1 capital. However, the U.S. allowed smaller banks to continue excluding these changes through a one-time opt out election. This paper examines the investment decisions of smaller banks in the 1990s when changes in the fair value of AFS debt securities were temporarily included in regulatory capital. Using a sample of smaller banks and a difference-in-differences research design, we find that low-capitalized banks reduced their investments in more volatile asset classes (e.g., corporate bonds, non-agency MBS) and increased their investments in less volatile asset classes (e.g., treasuries and municipal bonds) after these changes were included. These findings suggest that providing smaller banks with an opt out election potentially allows low-capitalized, riskier banks to continue to hold more volatile securities in their AFS portfolios. JEL Classifications: M41; M48; G18; G21." @default.
- W3213887977 created "2021-11-22" @default.
- W3213887977 creator A5010724311 @default.
- W3213887977 creator A5070745255 @default.
- W3213887977 creator A5085190981 @default.
- W3213887977 date "2021-11-08" @default.
- W3213887977 modified "2023-10-17" @default.
- W3213887977 title "Regulatory Treatment of Changes in Fair Value and the Composition of Banks' Investment Portfolios" @default.
- W3213887977 cites W150068130 @default.
- W3213887977 cites W1521109754 @default.
- W3213887977 cites W1554089267 @default.
- W3213887977 cites W1969156355 @default.
- W3213887977 cites W1974247598 @default.
- W3213887977 cites W1984140234 @default.
- W3213887977 cites W1990786254 @default.
- W3213887977 cites W1994048166 @default.
- W3213887977 cites W2056876635 @default.
- W3213887977 cites W2063749425 @default.
- W3213887977 cites W2150133863 @default.
- W3213887977 cites W2157722270 @default.
- W3213887977 cites W2163564411 @default.
- W3213887977 cites W2340676008 @default.
- W3213887977 cites W2534183181 @default.
- W3213887977 cites W2768841508 @default.
- W3213887977 cites W3121385028 @default.
- W3213887977 cites W3122513328 @default.
- W3213887977 cites W3122573348 @default.
- W3213887977 cites W3122812581 @default.
- W3213887977 cites W3122953341 @default.
- W3213887977 cites W3123023101 @default.
- W3213887977 cites W3123117723 @default.
- W3213887977 cites W3123677492 @default.
- W3213887977 cites W3124984570 @default.
- W3213887977 cites W3125714376 @default.
- W3213887977 cites W3121814513 @default.
- W3213887977 doi "https://doi.org/10.2308/jfr-2019-0016" @default.
- W3213887977 hasPublicationYear "2021" @default.
- W3213887977 type Work @default.
- W3213887977 sameAs 3213887977 @default.
- W3213887977 citedByCount "0" @default.
- W3213887977 crossrefType "journal-article" @default.
- W3213887977 hasAuthorship W3213887977A5010724311 @default.
- W3213887977 hasAuthorship W3213887977A5070745255 @default.
- W3213887977 hasAuthorship W3213887977A5085190981 @default.
- W3213887977 hasConcept C10138342 @default.
- W3213887977 hasConcept C119857082 @default.
- W3213887977 hasConcept C120527767 @default.
- W3213887977 hasConcept C144133560 @default.
- W3213887977 hasConcept C15241564 @default.
- W3213887977 hasConcept C162324750 @default.
- W3213887977 hasConcept C166957645 @default.
- W3213887977 hasConcept C175444787 @default.
- W3213887977 hasConcept C17744445 @default.
- W3213887977 hasConcept C199539241 @default.
- W3213887977 hasConcept C27548731 @default.
- W3213887977 hasConcept C2776291640 @default.
- W3213887977 hasConcept C2778660980 @default.
- W3213887977 hasConcept C2779812064 @default.
- W3213887977 hasConcept C2864544 @default.
- W3213887977 hasConcept C29122968 @default.
- W3213887977 hasConcept C38652104 @default.
- W3213887977 hasConcept C41008148 @default.
- W3213887977 hasConcept C556758197 @default.
- W3213887977 hasConcept C69738904 @default.
- W3213887977 hasConcept C73283319 @default.
- W3213887977 hasConcept C76178495 @default.
- W3213887977 hasConcept C83646750 @default.
- W3213887977 hasConcept C94625758 @default.
- W3213887977 hasConcept C95457728 @default.
- W3213887977 hasConceptScore W3213887977C10138342 @default.
- W3213887977 hasConceptScore W3213887977C119857082 @default.
- W3213887977 hasConceptScore W3213887977C120527767 @default.
- W3213887977 hasConceptScore W3213887977C144133560 @default.
- W3213887977 hasConceptScore W3213887977C15241564 @default.
- W3213887977 hasConceptScore W3213887977C162324750 @default.
- W3213887977 hasConceptScore W3213887977C166957645 @default.
- W3213887977 hasConceptScore W3213887977C175444787 @default.
- W3213887977 hasConceptScore W3213887977C17744445 @default.
- W3213887977 hasConceptScore W3213887977C199539241 @default.
- W3213887977 hasConceptScore W3213887977C27548731 @default.
- W3213887977 hasConceptScore W3213887977C2776291640 @default.
- W3213887977 hasConceptScore W3213887977C2778660980 @default.
- W3213887977 hasConceptScore W3213887977C2779812064 @default.
- W3213887977 hasConceptScore W3213887977C2864544 @default.
- W3213887977 hasConceptScore W3213887977C29122968 @default.
- W3213887977 hasConceptScore W3213887977C38652104 @default.
- W3213887977 hasConceptScore W3213887977C41008148 @default.
- W3213887977 hasConceptScore W3213887977C556758197 @default.
- W3213887977 hasConceptScore W3213887977C69738904 @default.
- W3213887977 hasConceptScore W3213887977C73283319 @default.
- W3213887977 hasConceptScore W3213887977C76178495 @default.
- W3213887977 hasConceptScore W3213887977C83646750 @default.
- W3213887977 hasConceptScore W3213887977C94625758 @default.
- W3213887977 hasConceptScore W3213887977C95457728 @default.
- W3213887977 hasIssue "1" @default.
- W3213887977 hasLocation W32138879771 @default.
- W3213887977 hasOpenAccess W3213887977 @default.
- W3213887977 hasPrimaryLocation W32138879771 @default.