Macroprudential regulation and misallocation
In this paper, we study the macroeconomic effects of banking capital requirements. We provide a theoretical explanation for why decreasing capital requirements may lead to lower average leverage ratio among banks. This counterintuitive result is an outcome of the general equilibrium effects on inte...
- Autores:
-
Hill, Enoch
Pérez Reyna, David Alejandro
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2016
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8662
- Acceso en línea:
- http://hdl.handle.net/1992/8662
- Palabra clave:
- Banking capital requirements
Misallocation
Capital bancario
Asignación de recursos
Tasas de interés
E44, G21, G28
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/