Watch What They Do, Not What They Say : Estimating Regulatory Costs from Revealed Preferences /

We show that distortion in the size distribution of banks around regulatory thresholds can be used to identify costs of bank regulation. We build a structural model in which banks can strategically bunch their assets below regulatory thresholds to avoid regulations. The resulting distortion in the s...

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Tác giả chính: Alvero, Adrien
Tác giả khác: Ando, Sakai, Xiao, Kairong
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2022.
Loạt:IMF Working Papers; Working Paper ; No. 2022/041
Những chủ đề:
Truy cập trực tuyến:Full text available on IMF
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245 1 0 |a Watch What They Do, Not What They Say :   |b Estimating Regulatory Costs from Revealed Preferences /  |c Adrien Alvero, Sakai Ando, Kairong Xiao. 
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520 3 |a We show that distortion in the size distribution of banks around regulatory thresholds can be used to identify costs of bank regulation. We build a structural model in which banks can strategically bunch their assets below regulatory thresholds to avoid regulations. The resulting distortion in the size distribution of banks reveals the magnitude of regulatory costs. Using U.S. bank data, we estimate the regulatory costs imposed by the Dodd-Frank Act. Although the estimated regulatory costs are substantial, they are significatnly lower than those in self-reported estimates by banks. 
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700 1 |a Ando, Sakai. 
700 1 |a Xiao, Kairong. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/041 
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