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In this study we ask which factors influence the direction of impact of macroprudential policy on profitability and earnings management in the banking sector in the European Economic Area.
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We examine how bank specific determinants and institutional factors affect the procyclicality of loan loss provisions and the association between bank lending and bank capital. We also explain whether bank lending, bank capital and loan loss provisions are empirically related by checking if lending of banks, whose loan loss provisions are more procyclical or who do not apply income smoothing, is more capital constrained during recessionary periods.
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The aim of this research was to determine to what extent competition in the banking sector affects the effectiveness of countercyclical macroprudential policy