| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13152 |
| DP13152 Bank Capital in the Short and in the Long Run | |
| Caterina Mendicino; Kalin Nikolov; Javier Suarez; Dominik Supera | |
| 发表日期 | 2018-09-03 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | How far should capital requirements be raised in order to ensure a strong and resilient banking system without imposing undue costs on the real economy? Capital requirement increases make banks safer and are beneficial in the long run but carry transition costs because their imposition reduces aggregate demand on impact. Under accommodative monetary policy, increasing capital requirements addresses financial stability risks without imposing large transition costs on the economy. In contrast, when the policy rate hits the lower bound, monetary policy loses the ability to dampen the effects of the capital requirement increase on the real economy. The long-run benefits of higher capital requirements are larger and the transition costs are smaller when the risk that causes bank failure is high. |
| 主题 | Financial Economics ; Monetary Economics and Fluctuations |
| 关键词 | Macroprudential policy Bank fragility Financial frictions Default risk Effective lower bound Transition dynamics |
| URL | https://cepr.org/publications/dp13152 |
| 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/541955 |
| 推荐引用方式 GB/T 7714 | Caterina Mendicino,Kalin Nikolov,Javier Suarez,et al. DP13152 Bank Capital in the Short and in the Long Run. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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