2024-03-28T23:56:53Z
https://nagoya.repo.nii.ac.jp/oai
oai:nagoya.repo.nii.ac.jp:00028611
2023-11-13T00:30:43Z
659:853:854:2436
Time-varying Bank Capital Requirements with Capital Distribution Constraints : A DSGE Approach
SATO, Yoshiaki
93685
capital requirements
Basel III
DSGE model
capital distribution constraints
countercyclical capital buffer
2019-09-30
We evaluate stabilizing effects of heightened and time-varying minimum capital requirements on the financial sector and the economy. Under the current Basel regulations with time-varying capital requirements, when financial intermediaries incur losses on capital, they can release extra capital accumulated in advance during normal times. As a result, they do not need to contract credit supply in order to keep their capital ratios high enough during bad times. Our simulation results show that a taxing scheme, which works as capital distribution constraints on intermediaries, significantly enhances stabilizing effects of time-varying minimum capital requirements. This evidence partly provides support for the current Basel III counter-cyclical capital buffer regulations.
departmental bulletin paper
名古屋大学大学院経済学研究科
2019-09-30
経済科学
1-2
67
31
49
2434-5741
0022-9725
eng