| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16148 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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