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|z 9781616358938
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Abad, Jose.
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|a Usability of Bank Capital Buffers :
|b The Role of Market Expectations /
|c Jose Abad, Antonio Garcia Pascual.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2022.
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|a 1 online resource (61 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 Following the COVID shock, supervisors encouraged banks to use capital buffers to support the recovery. However, banks have been reluctant to do so. Provided the market expects a bank to rebuild its buffers, any draw-down will open up a capital shortfall that will weigh on its share price. Therefore, a bank will only decide to use its buffers if the value creation from a larger loan book offsets the costs associated with a capital shortfall. Using market expectations, we calibrate a framework for assessing the usability of buffers. Our results suggest that the cases in which the use of buffers make economic sense are rare in practice.
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|a Mode of access: Internet
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|a Banks
|2 imf
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|a Depository Institutions
|2 imf
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|a Financial Institutions and Services
|2 imf
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|a Micro Finance Institutions
|2 imf
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|a Mortgages
|2 imf
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|a Garcia Pascual, Antonio.
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|a IMF Working Papers; Working Paper ;
|v No. 2022/021
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2022/021/001.2022.issue-021-en.xml
|z IMF e-Library
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