G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16148
DP16148 The Cross-border Effects of Bank Capital Regulation
Saleem Bahaj; Frederic Malherbe
发表日期2021-05-13
出版年2021
语种英语
摘要We propose a model for studying the international collaboration of bank capital regulation under the principle of reciprocity. We show that such a regime makes countries strategically compete for scarce bank equity capital. Raising capital requirements in a country may generate bank capital outflows as well as inflows. We pin down the condition for the sign of the capital flow and the associated externality, and highlight the implications for macroprudential regulation. Compared to full collaboration, individual countries are likely to set Basel III's Counter-Cyclical Capital Buffer too high in normal times, and too low in bad times.
主题Financial Economics
URLhttps://cepr.org/publications/dp16148
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/545121
推荐引用方式
GB/T 7714
Saleem Bahaj,Frederic Malherbe. DP16148 The Cross-border Effects of Bank Capital Regulation. 2021.
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