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|c 5.00 USD
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|z 9781475502244
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a De Nicolo, Gianni.
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|a Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking /
|c Gianni De Nicolo, Andrea Gamba, Marcella Lucchetta.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2012.
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|a 1 online resource (53 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|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.
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|a Mode of access: Internet
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|a Gamba, Andrea.
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|a Lucchetta, Marcella.
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|a IMF Working Papers; Working Paper ;
|v No. 2012/072
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|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
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