Macroprudential regulation and misallocation

In this paper, we study the macroeconomic effects of  banking capital requirements. We provide a theoretical explanation for why decreasing capital requirements may lead to lower average leverage ratio among banks. This counterintuitive result is an outcome of the general equilibrium effects on inte...

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Detalles Bibliográficos
Autores Principales: Hill, Enoch, Pérez Reyna, David Alejandro
Formato: Desconocido (Unknown)
Lenguaje:Inglés (English)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2018
Materias:
Acceso en línea:http://hdl.handle.net/1992/8662