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Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking

Nicoló, Gianni De; Gamba, Andrea; Lucchetta, Marcella - International Monetary Fund (IMF) - 2012

This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their benefits turning into costs beyond a...

Persistent link: https://www.econbiz.de/10011142059

Externalities and Macroprudential Policy

Nicoló, Gianni De; Favara, Giovanni; Ratnovski, Lev - International Monetary Fund (IMF) - 2012

This note overviews macroprudential policy options that have been proposed to address the systemic risks experienced during the recent financial crisis. It contributes to the policy debate by providing a taxonomy of macroprudential policies in terms of the specific negative externalities in the...

Persistent link: https://www.econbiz.de/10011142226

Financial Development in the CIS-7 Countries; Bridging the Great Divide

Nicoló, Gianni De; Geadah, Sami; Rozhkov, Dmitriy - International Monetary Fund (IMF) - 2003

lead to a combination of low depositor trust in the banking system and high credit risk. High credit risk stems mainly from …

Persistent link: https://www.econbiz.de/10005769143

Bank Risk-Taking and Competition Revisited

Nicoló, Gianni De; Boyd, John H. - International Monetary Fund (IMF) - 2003

This study reinvestigates the theoretical relationship between competition in banking and banks' exposure to risk of …-competitive consolidation as a response to banking instability. We then show that existing theoretical analyses of this topic are fragile, since …

Persistent link: https://www.econbiz.de/10005599568

Bank Risk-Taking and Competition Revisited; New Theory and New Evidence

Nicoló, Gianni De; Jalal, Abu M.; Boyd, John H. - International Monetary Fund (IMF) - 2006

This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between banks' risk of failure and concentration, indicating a trade-off between competition and stability. The second model (BDN) predicts a...

Persistent link: https://www.econbiz.de/10005605287

Financial Stability in Dollarized Economies

Gulde, Anne Marie; Hoelscher, David S.; Ize, Alain; … - International Monetary Fund (IMF) - 2004

This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy tools. The studyâ€™s conclusions are the basis of an ongoing policy dialogue with IMF member...

Persistent link: https://www.econbiz.de/10005824860

Bank Ownership, Market Structure and Risk

Nicoló, Gianni De; Loukoianova, Elena - International Monetary Fund (IMF) - 2007

This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the …

Persistent link: https://www.econbiz.de/10005826093

Crisis in Competitive Versus Monopolistic Banking Systems

Smith, Bruce D.; Nicoló, Gianni De; Boyd, John H. - International Monetary Fund (IMF) - 2003

risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under … different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal … rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a …

Persistent link: https://www.econbiz.de/10005826156

Bank Competition, Risk and Asset Allocations

Boyd, John H.; Nicoló, Gianni De; Jalal, Abu M. - International Monetary Fund (IMF) - 2009

We study a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets …

Persistent link: https://www.econbiz.de/10008528611

Financial Intermediation, Competition, and Risk; A General Equilibrium Exposition

Nicoló, Gianni De; Lucchetta, Marcella - International Monetary Fund (IMF) - 2009

We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank capital ratios, more efficient production plans and...

Persistent link: https://www.econbiz.de/10008528628