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...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Alvero, Adrien
Rannpháirtithe: Ando, Sakai, Xiao, Kairong
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2022.
Sraith:IMF Working Papers; Working Paper ; No. 2022/041
Ábhair:
Rochtain ar líne:Full text available on IMF
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100 1 |a Alvero, Adrien. 
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. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (89 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 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. 
538 |a Mode of access: Internet 
650 7 |a Banks  |2 imf 
650 7 |a Depository Institutions  |2 imf 
650 7 |a Financial Institutions and Services  |2 imf 
650 7 |a Micro Finance Institutions  |2 imf 
650 7 |a Mortgages  |2 imf 
700 1 |a Ando, Sakai. 
700 1 |a Xiao, Kairong. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/041 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2022/041/001.2022.issue-041-en.xml  |z IMF e-Library