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The Global Macroeconomic Costs of Raising Bank Capital Adequacy Requirements

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Author Info

  • Francis Vitek
  • Scott Roger

Abstract

This paper examines the transitional macroeconomic costs of a synchronized global increase in bank capital adequacy requirements under Basel III, as well as a capital increase covering globally systemically important banks. The analysis, using an estimated multi-country model, contributed to the work of the Macroeconomic Assessment Group analysis, especially in estimating the potential international spillovers associated with a global increase in capital requirements. The magnitude of the effects found in this analysis is relatively modest, especially if monetary policies have scope to ease in response to a widening of interest rate spreads by banks.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 12/44.

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Length: 36
Date of creation: 01 Feb 2012
Date of revision:
Handle: RePEc:imf:imfwpa:12/44

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Related research

Keywords: Banks; Economic models; Spillovers; capital requirements; monetary policy; inflation; monetary fund; central bank; money market; monetary transmission; risk premium; monetary conditions; monetary policies; monetary transmission mechanism; monetary policy rule; financial systems; banking systems; discount rate; equity risk premium; monetary policy rules;

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References

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  1. Scott Roger & Jan Vlcek, 2011. "Macroeconomic Costs of Higher Bank Capital and Liquidity Requirements," IMF Working Papers 11/103, International Monetary Fund.
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Cited by:
  1. Jacopo Carmassi & Stefano Micossi, 2012. "Time to Set Banking Regulation Right," FMG Special Papers sp206, Financial Markets Group.
  2. Maria Halep & Gabriela Dragan, 2012. "L’Impact De L’Application Des Reformes Bale Iii Sur L’Industrie Bancaire Roumaine," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 707-725, December.
  3. Carmassi, Jacopo & Micossi, Stefano, 2012. "Time to Set Banking Regulation Right," CEPS Papers 6734, Centre for European Policy Studies.

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