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...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2012
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| Series: | IMF Working Papers
Working Paper No. 12/72 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | 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 |
| Physical Description: | 1 Online-Ressource (53 p) |
| ISBN: | 1475502249 9781475502244 |
Staff View
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| id | DE-604.BV048343764 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:17Z |
| indexdate | 2024-07-10T09:35:25Z |
| institution | BVB |
| isbn | 1475502249 9781475502244 |
| language | English |
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| oclc_num | 1337138376 |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | De Nicolò, Gianni Verfasser (DE-588)130339520 aut Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking De Nicoló, Gianni Washington, D.C International Monetary Fund 2012 1 Online-Ressource (53 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/72 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 Online-Ausg De Nicoló, Gianni Sonstige oth Gamba, Andrea Sonstige oth Lucchetta, Marcella Sonstige oth http://elibrary.imf.org/view/IMF001/12678-9781475502244/12678-9781475502244/12678-9781475502244.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | De Nicolò, Gianni Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking |
| title | Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking |
| title_auth | Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking |
| title_exact_search | Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking |
| title_exact_search_txtP | Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking |
| title_full | Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking De Nicoló, Gianni |
| title_fullStr | Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking De Nicoló, Gianni |
| title_full_unstemmed | Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking De Nicoló, Gianni |
| title_short | Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking |
| title_sort | capital regulation liquidity requirements and taxation in a dynamic model of banking |
| url | http://elibrary.imf.org/view/IMF001/12678-9781475502244/12678-9781475502244/12678-9781475502244.xml |
| work_keys_str_mv | AT denicologianni capitalregulationliquidityrequirementsandtaxationinadynamicmodelofbanking AT gambaandrea capitalregulationliquidityrequirementsandtaxationinadynamicmodelofbanking AT lucchettamarcella capitalregulationliquidityrequirementsandtaxationinadynamicmodelofbanking |