| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6876 |
| DP6876 Parental Sex Selection and Gender Balance | |
| Venkataraman Bhaskar | |
| 发表日期 | 2008-06-20 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We analyze the cyclical effects of moving from risk-insensitive (Basel I) to risk-sensitive (Basel II) capital requirements in the context of a dynamic equilibrium model of relationship lending in which banks are unable to access the equity markets every period. Banks anticipate that shocks to their earnings as well as the cyclical position of the economy can impair their capacity to lend in the future and, as a precaution, hold capital buffers. We find that the new regulation changes the behavior of these buffers from countercyclical to procyclical. Yet, the higher buffers maintained in expansions are insufficient to prevent a significant contraction in the supply of credit at the arrival of a recession. We show that cyclical adjustments in the confidence level behind Basel II can reduce its procyclical effects without compromising banks' long-run solvency. |
| 主题 | Financial Economics ; International Macroeconomics |
| 关键词 | Banking regulation Basel ii Business cycles Capital requirements Credit crunch Loan defaults Relationship banking |
| URL | https://cepr.org/publications/dp6876 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535703 |
| 推荐引用方式 GB/T 7714 | Venkataraman Bhaskar. DP6876 Parental Sex Selection and Gender Balance. 2008. |
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