Countercyclical banking capital bu ers in a DSGE model

In this document we develop a DSGE model to analyze the effect that a consumption boom and a productivity shock have over financial stability and macroeconomic variables, in both, an economy with and without Basel III capital requirements and earnings reinvestment rule. The results suggest that Basel III requirements have a positive impact over financial stability variables and that additional capital requirements do not restrict banking activity.

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Authors:	Caicedo, Santiago ; Estrada, Dairo ; Laverde, Mariana
Institutions:	Banco de la Republica de Colombia
Subject:	financial stability \| colombian financial system \| consumption booms \| DSGE model with banking sector Classification

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Extent:	application/pdf
Series:	Temas de Estabilidad Financiera.
Type of publication:	Book / Working Paper
Classification:	D58 - Computable and Other Applied General Equilibrium Models ; E32 - Business Fluctuations; Cycles ; E44 - Financial Markets and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010906095