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

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 certain...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: De Nicolo, Gianni
Muut tekijät: Gamba, Andrea, Lucchetta, Marcella
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2012.
Sarja:IMF Working Papers; Working Paper ; No. 2012/072
Linkit:Full text available on IMF
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100 1 |a De Nicolo, Gianni. 
245 1 0 |a Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking /  |c Gianni De Nicolo, Andrea Gamba, Marcella Lucchetta. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (53 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 certain requirement threshold. By contrast, liquidity requirements reduce lending, efficiency and welfare significantly. The costs of high capital and liquidity requirements represent a lower bound on the benefits of these regulations in abating systemic risks. On taxation, corporate income taxes generate higher government revenues and entail lower efficiency and welfare costs than taxes on non-deposit liabilities.a. 
538 |a Mode of access: Internet 
700 1 |a Gamba, Andrea. 
700 1 |a Lucchetta, Marcella. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/072 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/072/001.2012.issue-072-en.xml  |z IMF e-Library