This study examines the impact of macroprudential regulations on bank profit efficiency. The latter is being estimated with a production frontier function using a cross-country dataset of more than 3000 banks from over 130 countries during 2013–2018. The results show that macroprudential regulatory policies diminish bank efficiency. This finding applies to both borrower-targeted and financial institutions-targeted policies, and it is robust to the inclusion of controls for microprudential regulations, financial consumer protection policies, and other county-level characteristics in the regressions.

中文翻译：

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宏观审慎监管与银行利润效率：国际证据

本研究考察了宏观审慎监管对银行利润效率的影响。在2013-2018年期间，使用来自130多个国家/地区的3000多家银行的跨国数据集，利用生产边界函数对后者进行了估算。结果表明，宏观审慎的监管政策会降低银行效率。这一发现适用于以借款人为目标和以金融机构为目标的政策，并且在回归分析中包含了对微观审慎监管，金融消费者保护政策和其他县级特征的控制。