Showing 1 - 10 of 4,645
This paper conducts a quantitative investigation of the role of reserve requirements as a macroprudential policy tool. We build a monetary DSGE model with a banking sector in which (i) an agency problem between households and banks leads to endogenous capital constraints for banks in obtaining...
Persistent link: https://www.econbiz.de/10015232584
This note shows that the Italian Mini BOTs proposed in 2019 bore the potential neither to become Italian legal tender nor to practically increase Italian government debt, but to practically cause a mere reduction in taxation and thence in government spending or transfers. Since the Eurozone...
Persistent link: https://www.econbiz.de/10015269217
1996 and 1997. The sections on the Bulgarian National Bank and the money supply reflect the changes brought about by the …
Persistent link: https://www.econbiz.de/10015242630
This study models the impact of new capital regulations proposed under Basel III on bank profitability by constructing … a stylized representative bank’s financial statements. We show that the higher cost associated with a one … scheduled commercial banks, one-percentage point increase in capital ratio can be recovered by increasing the bank lending …
Persistent link: https://www.econbiz.de/10015243990
This study models the impact of new capital regulations proposed under Basel III on bank profitability by constructing … a stylized representative bank’s financial statements. We show that the higher cost associated with a one … scheduled commercial banks, one-percentage point increase in capital ratio can be recovered by increasing the bank lending …
Persistent link: https://www.econbiz.de/10015244010
Using an analogy with ancient Babylonia as its leading motive, this Viewpoint argues that the credit crisis is the symptom of an underlying problem. Fuelled by government policies, unprecedented debt levels were run up in industrialized countries over the last quarter century. Present policies...
Persistent link: https://www.econbiz.de/10015217175
Access to finance by the poor is a sine qua non for poverty reduction through economic development thereby driving inclusive growth which can further lead to sustainable growth. This study using adequate data covering pre and postliberalisation period from 1974-75 to 2007-08 in the Indian...
Persistent link: https://www.econbiz.de/10015237687
What matters to economic decision-making is whether the economy has become more or less predictable. People and businesses use information around them to form judgements about what might happen in the future. The rise in uncertainty might be associated with increased concern about extreme...
Persistent link: https://www.econbiz.de/10015264417
This paper analyses the behaviour of alternative measures of credit extension for countercyclical buffer decisions in South Africa. The cyclical properties of alternative measures of credit extension are examined over the economic and the financial cycles. The results show that the deviation of...
Persistent link: https://www.econbiz.de/10015214582
obtain bank loans, and corporate bonds are not just stores of value but also serve a liquidity role. The model shows that an … bank loan market, and I provide empirical evidence that supports this result. The model also predicts that a higher nominal … policy rate induces firms to substitute corporate bonds for bank loans, which is supported by the existing empirical evidence …
Persistent link: https://www.econbiz.de/10015228280