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| 01824nam 2200325za 4500 |
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| 001 | 9.833268 |
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| 003 | CaOODSP |
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| 005 | 20221107150202 |
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| 007 | cr ||||||||||| |
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| 008 | 170302s2017 oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2017-6E-PDF |
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| 100 | 1 |aMoyen, Stéphane. |
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| 245 | 10|aOptimal capital regulation |h[electronic resource] / |cby Stéphane Moyen and Josef Schroth. |
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| 260 | |a[Ottawa] : |bBank of Canada, |c2017. |
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| 300 | |aii, 38 p. : |bcharts |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ; |v2017-6 |
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| 500 | |a"February 2017." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | 3 |a“We study constrained-efficient bank capital regulation in a model with market-imposed equity requirements. Banks hold equity buffers to insure against sudden loss of access to funding. However, in the model, banks choose to only partially self-insure because equity is privately costly. As a result, equity requirements are occasionally binding. Constrained-efficient regulation requires banks to build up additional equity buffers and compensates them for the cost of equity with a permanent increase in lending margins. When buffers are depleted, regulation relaxes the market-imposed equity requirements by raising bank future prospects through temporarily elevated lending margins"--Abstract, p. ii. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aBanks |
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| 692 | 07|2gccst|aCapital |
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| 692 | 07|2gccst|aRegulation |
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| 700 | 1 |aSchroth, Josef. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2017-6|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s505 KB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-6-eng.pdf |
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