See Bernanke, Lown, and Friedman (1991); Hancock and Wilcox (1993, 1994); Berrospide and Edge (2010); Carlson, Shan, and Warusawitharana (2013), and Karmakar and Mok (2015) for papers that document this relationship for the United States and Košak, Li, Lončarski, and Marinč (2015) and Gambacorta and Shin (2018) for papers that document this relationship based on cross-country bank-level studies.
See also Rice and Rose (2016); Ramcharan et al. (2016); Aiyar, Calomiris, and Wieladek (2014); Peek and Rosengren (1997) and Gibson (1995). 12 See Basel Committee (2010) for an assessment of the long-term economic impact of stronger capital requirements. 13 Financial Accounts of the United States.