Image of Microprudential Regulation in a Dynamic Model of Banking

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 NumberLocationAvailable
RFS2707PSB lt.dasar - Pascasarjana1
Informasi Detail
Judul Seri
The Review of Financial Studies
No. Panggil
RFS2707
Penerbit
Oxford : Oxford University Press.,
Deskripsi Fisik
2266 p.
Bahasa
English
ISBN/ISSN
1465-7368
Klasifikasi
NONE
Tipe Isi
text
Tipe Media
-
Tipe Pembawa
-
Edisi
Vol. 27 No. 7, Jul 2014
Subjek
Bank regulation
Dynamic Banking Model
Info Detail Spesifik
The Review of Financial Studies
Pernyataan Tanggungjawab
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Tidak tersedia versi lain

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