Allen N. Berger, Gregory F. Udell, Did Risk-Based Capital Allocate Bank Credit and Cause a "Credit Crunch" in the United States?, Journal of Money, Credit and Banking, Vol. 26, No. 3, Part 2: Federal Credit Allocation: Theory, Evidence, and History (Aug., 1994), pp. 585-628
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Berger et al. (1994) studied this question.