Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/197922 
Autor:innen: 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
Bank of Canada Staff Working Paper No. 2019-8
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
This paper studies optimal bank capital requirements in a model of endogenous bank funding conditions. I find that requirements should be higher during good times such that a macroprudential "buffer" is provided. However, whether banks can use buffers to maintain lending during a financial crisis depends on the capital requirement during the subsequent recovery. The reason is that a high requirement during the recovery lowers bank shareholder value during the crisis and thus creates funding-market pressure to use buffers for deleveraging rather than for maintaining lending. Therefore, buffers are useful if banks are not required to rebuild them quickly.
Schlagwörter: 
Credit and credit aggregates
Financial stability
Financial system regulation and policies
Business fluctuations and cycles
Credit risk management
Lender of last resort
JEL: 
E13
E32
E44
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper
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