Capital Regulation Liquidity Requirements And Taxation In A Dynamic Model Of Banking
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Author | : Mr.Gianni De Nicolo |
Publisher | : International Monetary Fund |
Total Pages | : 80 |
Release | : 2012-03-01 |
Genre | : Business & Economics |
ISBN | : 1475531958 |
Download Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking Book in PDF, Epub and Kindle
This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their benefits turning into costs beyond a certain requirement threshold. By contrast, liquidity requirements reduce lending, efficiency and welfare significantly. The costs of high capital and liquidity requirements represent a lower bound on the benefits of these regulations in abating systemic risks. On taxation, corporate income taxes generate higher government revenues and entail lower efficiency and welfare costs than taxes on non-deposit liabilities.
Author | : Gianni De Nicoló |
Publisher | : |
Total Pages | : 63 |
Release | : 2012-03-01 |
Genre | : |
ISBN | : 9781475502244 |
Download Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking Book in PDF, Epub and Kindle
This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their benefits turning into costs beyond a certain requirement threshold. By contrast, liquidity requirements reduce lending, efficiency and welfare significantly. The costs of high capital and liquidity requirements represent a lower bound on the benefits of these regulations in abating systemic risks. On taxation, corporate income taxes generate higher government revenues and entail lower efficiency and welfare costs than taxes on non-deposit liabilities.
Author | : Gianni De Nicolo |
Publisher | : |
Total Pages | : 51 |
Release | : 2019 |
Genre | : |
ISBN | : |
Download Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking Book in PDF, Epub and Kindle
This paper studies the impact of bank regulation and taxation in a dynamic model where banks are exposed to credit and liquidity risk and can resolve financial distress in three costly forms: bond issuance, equity issuance or fire sales. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their benefits turning into costs beyond a certain threshold. By contrast, liquidity requirements reduce lending, efficiency and welfare significantly. On taxation, corporate income taxes generate higher government revenues and entail lower efficiency and welfare costs than taxes on non-deposit liabilities.
Author | : Gianni De Nicolò |
Publisher | : |
Total Pages | : 58 |
Release | : 2012 |
Genre | : |
ISBN | : 9783865588098 |
Download Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking Book in PDF, Epub and Kindle
Author | : Francisco Covas |
Publisher | : |
Total Pages | : |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Bank Liquidity and Capital Regulation in General Equilibrium Book in PDF, Epub and Kindle
Author | : Mr.Andre Santos |
Publisher | : International Monetary Fund |
Total Pages | : 43 |
Release | : 2012-09-11 |
Genre | : Business & Economics |
ISBN | : 147551008X |
Download Estimating the Costs of Financial Regulation Book in PDF, Epub and Kindle
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Author | : Allen N. Berger |
Publisher | : Academic Press |
Total Pages | : 296 |
Release | : 2015-11-24 |
Genre | : Business & Economics |
ISBN | : 0128005319 |
Download Bank Liquidity Creation and Financial Crises Book in PDF, Epub and Kindle
Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and policy interest that can be easily understood by readers with no advanced or specialized industry knowledge. Authors Allen Berger and Christa Bouwman examine ways to measure bank liquidity creation, how much liquidity banks create in different countries, the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, the effects of bailouts, and much more. They also analyze bank liquidity creation in the US over the past three decades during both normal times and financial crises. Narrowing the gap between the "academic world" (focused on theories) and the "practitioner world" (dedicated to solving real-world problems), this book is a helpful new tool for evaluating a bank’s performance over time and comparing it to its peer group. Explains that bank liquidity creation is a more comprehensive measure of a bank’s output than traditional measures and can also be used to measure bank liquidity Describes how high levels of bank liquidity creation may cause or predict future financial crises Addresses questions of research and policy interest related to bank liquidity creation around the world and provides links to websites with data and other materials to address these questions Includes such hot-button topics as the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, and the effects of bailouts
Author | : Philipp Hartmann |
Publisher | : Cambridge University Press |
Total Pages | : 423 |
Release | : 2018-03-29 |
Genre | : Business & Economics |
ISBN | : 1108423841 |
Download The Changing Fortunes of Central Banking Book in PDF, Epub and Kindle
22.3.1 Basic Characteristics
Author | : |
Publisher | : Lulu.com |
Total Pages | : 294 |
Release | : 2004 |
Genre | : Bank capital |
ISBN | : 9291316695 |
Download International Convergence of Capital Measurement and Capital Standards Book in PDF, Epub and Kindle
Author | : Jihad Dagher |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 2016-03-03 |
Genre | : Business & Economics |
ISBN | : 1513539337 |
Download Benefits and Costs of Bank Capital Book in PDF, Epub and Kindle
The appropriate level of bank capital and, more generally, a bank’s capacity to absorb losses, has been at the core of the post-crisis policy debate. This paper contributes to the debate by focusing on how much capital would have been needed to avoid imposing losses on bank creditors or resorting to public recapitalizations of banks in past banking crises. The paper also looks at the welfare costs of tighter capital regulation by reviewing the evidence on its potential impact on bank credit and lending rates. Its findings broadly support the range of loss absorbency suggested by the Financial Stability Board (FSB) and the Basel Committee for systemically important banks.