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Der antizyklische Kapitalpuffer: Reformoptionen
[Reform Options for the Countercyclical Capital Buffer]

Author

Listed:
  • Lukas Menkhoff

    (Deutsches Institut für Wirtschaftsforschung)

Abstract

Zusammenfassung Der antizyklische Eigenkapitalpuffer, dessen Anforderung Kreditinstitute erfüllen müssen, soll die Widerstandskraft des Bankensystems stärken und dadurch die Kreditversorgung verstetigen. Damit sollen starke Auswirkungen des Finanzzyklus und entsprechende Krisen abgeschwächt werden. Dieses Instrument wurde 2016 eingeführt, sodass jetzt erste Erfahrungen vorliegen. Diese werden derzeit z. B. im makroprudenziellen Review der Europäischen Kommission bewertet.

Suggested Citation

  • Lukas Menkhoff, 2022. "Der antizyklische Kapitalpuffer: Reformoptionen [Reform Options for the Countercyclical Capital Buffer]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(1), pages 59-63, January.
    • Handle: RePEc:spr:wirtsc:v:102:y:2022:i:1:d:10.1007_s10273-022-3095-6
    DOI: 10.1007/s10273-022-3095-6
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    References listed on IDEAS

    as
    1. Reint Gropp & Thomas Mosk & Steven Ongena & Carlo Wix, 2019. "Banks Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment," The Review of Financial Studies, Society for Financial Studies, vol. 32(1), pages 266-299.
    2. Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2017. "Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 2126-2177.
    3. Edge, Rochelle M. & Liang, Jean Nellie, 2020. "Financial stability committees and the countercyclical capital buffer," Discussion Papers 04/2020, Deutsche Bundesbank.
    4. Schüler, Yves S. & Hiebert, Paul P. & Peltonen, Tuomas A., 2020. "Financial cycles: Characterisation and real-time measurement," Journal of International Money and Finance, Elsevier, vol. 100(C).
    5. Bengtsson, Elias, 2020. "Macroprudential policy in the EU: A political economy perspective," Global Finance Journal, Elsevier, vol. 46(C).
    6. Franziska Bremus & Lukas Menkhoff, 2021. "Eigenkapitalpuffer im Abschwung wirksam? [Are Equity Buffers Effective During the Eonomic Downturn?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(3), pages 207-212, March.
    7. Horst Gischer & Bernhard Herz & Lukas Menkhoff, 2019. "Antizyklischer Kapitalpuffer aktiviert — zu spät, zu wenig und dennoch richtig [Anti-cyclical Capital Buffer Activated — Too Little, Too Late and Still Right]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 99(11), pages 784-788, November.
    8. Silvia Miranda-Agrippino & Hélène Rey, 2020. "U.S. Monetary Policy and the Global Financial Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(6), pages 2754-2776.
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    More about this item

    Keywords

    G21; G28;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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