00000nam 2200000zi 4500 9.904862 CaOODSP 20221107180655 m o d f cr |n||||||||| 211115t20212021oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2021-56E-PDF Shukayev, Malik, author. Are bank bailouts welfare working? / by Malik Shukayev and Alexander Ueberfeldt. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021. ©2021 1 online resource (ii, 52 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-56 "Last updated: November 10, 2021." Includes bibliographical references (pages 36-39). "The financial sector bailouts seen during the Great Recession generated substantial opposition and controversy. We assess the welfare benefits of government-funded emergency support to the financial sector, taking into account its effects on risk-taking incentives. In our quantitative general equilibrium model, the financial crisis probability depends on financial intermediaries’ balance sheet choices, influenced by capital adequacy constraints and ex ante known emergency support provisions. These policy tools interact to make financial sector bailouts welfare improving when capital adequacy constraints are consistent with the current Basel III regulation, but potentially welfare decreasing with looser capital adequacy regulation existing before the Great Recession"--Abstract. Banks and banking Econometric models. Financial crises Econometric models. Bank loans Econometric models. Banques Modèles économétriques. Crises financières Modèles économétriques. Prêts bancaires Modèles économétriques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2021-56. (CaOODSP)9.806221 PDF 1.63 MB https://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-56-eng.pdf