Cyclical implications of minimum capital requirements

دي سبيس ـ الرئيسية
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dc.creator	Heid, Frank
dc.date	2005
dc.date.accessioned	2013-10-16T07:06:33Z
dc.date.available	2013-10-16T07:06:33Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/19739
dc.identifier	ppn:498456781
dc.identifier	RePEc:zbw:bubdp2:4261
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/19739
dc.description	Capital requirements play a key role in the supervision and regulation of banks. The Basel Committee on Banking Supervision is now changing the current framework by introducing risk-sensitive capital charges. There have been concerns that this will unduly increase volatility in the banks' capital. Furthermore, when the credit supply is rationed, capital requirements may exacerbate an economic downturn. We examine the problem of cyclicality in a macroeconomic model which explicitly takes regulatory constraints into account. We find that the capital buffer which banks hold on top of the required minimum plays a crucial role in mitigating the volatility in capital requirements. Therefore, despite the fact that capital charges may vary significantly over time, the effects on the macroeconomy will be moderate.
dc.language	eng
dc.relation	Discussion Paper, Series 2: Banking and Financial Supervision 2005,06
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	E32
dc.subject	G21
dc.subject	E44
dc.subject	ddc:330
dc.subject	minimum capital requirements
dc.subject	regulatory capital
dc.subject	economic capital
dc.subject	capital buffer
dc.subject	pro-cyclicality
dc.subject	business cycle
dc.subject	bank lending channel
dc.subject	Eigenkapitalvorschriften
dc.subject	Wirtschaftspolitische Wirkungsanalyse
dc.subject	Bankbilanz
dc.subject	Makroökonomischer Einfluß
dc.subject	Theorie
dc.subject	Konjunktur
dc.title	Cyclical implications of minimum capital requirements
dc.type	doc-type:workingPaper