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Microprudential Regulation in a Dynamic Model of Banking
This paper studies the quantitative impact of microprudential bank regulations on bank lending and value metrics of efficiency and welfare in a dynamic model of banks that are financed by debt and equity, undertake maturity transformation, are exposed to credit and liquidity risks, and face financing frictions. We show that: (a) there exists an inverted U?shaped relationship between bank lending, welfare, and capital requirements; (b) liquidity requirements unambiguously reduce lending, efficiency and welfare; and (c) resolution policies contingent on observed capital, such as prompt corrective action, dominate in efficiency and welfare terms (non?contingent) capital and liquidity requirements.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| RFS2707 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Oxford: Oxford University Press 2014 |
|---|---|
| Edisi | Vol. 27 No. 7, Jul 2014 |
| Subjek | Bank regulation Dynamic Banking Model |
| ISBN/ISSN | 1465-7368 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 2266 p. |
| Info Detail Spesifik | The Review of Financial Studies |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |