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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..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| RFS2707 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Oxford Oxford University Press., |
|---|---|
| Edisi | - |
| Subjek | Bank regulation Dynamic Banking Model |
| ISBN/ISSN | 8939454 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |