Countercyclical banking capital buffers in a DSGE model

In this document we develop a DSGE model to analyze the effect that a consumption boom and a productivity shock have over financial stability and macroeconomic variables, in both, an economy with and without Basel III capital requirements and earnings reinvestment rule. The results suggest that Base...

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Detalles Bibliográficos
Autores Principales: Caicedo, Santiago, Estrada, Dairo Ayiber, Laverde, Mariana
Formato: Documento de trabajo (Working Paper)
Lenguaje:Inglés (English)
Publicado: Banco de la República de Colombia 2012
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/2086