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| 01979cam 2200349zi 4500 |
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| 001 | 9.868808 |
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| 003 | CaOODSP |
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| 005 | 20221107162703 |
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| 006 | m o d f |
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| 007 | cr ||||||||||| |
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| 008 | 190225s20192019onc #o f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2019-8E-PDF |
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| 100 | 1 |aSchroth, Josef, |eauthor. |
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| 245 | 10|aMacroprudential policy with capital buffers / |cby Josef Schroth. |
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| 264 | 1|aOttawa : |bBank of Canada, |cFebruary 2019. |
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| 264 | 4|c©2019 |
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| 300 | |a1 online resource (iii, 45 pages) : |bfigures. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ;|v2019-8 |
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| 504 | |aIncludes bibliographic references. |
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| 520 | |a"This paper studies optimal bank capital requirements in a model of endogenous bank funding conditions. I find that requirements should be higher during good times such that a macroprudential “buffer” is provided. However, whether banks can use buffers to maintain lending during a financial crisis depends on the capital requirement during the subsequent recovery. The reason is that a high requirement during the recovery lowers bank shareholder value during the crisis and thus creates funding-market pressure to use buffers for deleveraging rather than for maintaining lending. Therefore, buffers are useful if banks are not required to rebuild them quickly"--Abstract. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aFinancial management |
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| 692 | 07|2gccst|aEconomic regulations |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2019-8.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.09 MB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-8-eng.pdf |
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