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Countercyclical banking capital buffers in a DSGE model

dc.creatorCaicedo, Santiago
dc.creatorEstrada, Dairo Ayiber
dc.creatorLaverde, Mariana
dc.date.created2012-09-01
dc.date.issued2012-09
dc.identifier.urihttps://repositorio.banrep.gov.co/handle/20.500.12134/2086
dc.description.abstractIn this document we develop a DSGE model to analyze the effect that a consumption boom and a productivity shock have over financial stability and macroeconomic variables, in both, an economy with and without Basel III capital requirements and earnings reinvestment rule. The results suggest that Basel III requirements have a positive impact over financial stability variables and that additional capital requirements do not restrict banking activity.
dc.format.extent19 páginas : ilustraciones, gráficas, tablas
dc.format.mimetypePDF
dc.language.isoeng
dc.publisherBanco de la República de Colombia
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesTemas de Estabilidad Financiera
dc.relation.isversionofTemas de Estabilidad Financiera ; No. 71
dc.rights.accessRightsOpen Access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/
dc.subjectEstabilidad financiera
dc.subjectSistema financiero colombiano
dc.subjectAuge del consumo
dc.subjectModelo DSGE en el sector bancario
dc.titleCountercyclical banking capital buffers in a DSGE model
dc.typeWorking Paper
dc.subject.jelD58 - Computable and Other Applied General Equilibrium Models
dc.subject.jelE32 - Business Fluctuations; Cycles
dc.subject.jelE44 - Financial Markets and the Macroeconomy
dc.audiencePolicymakers
dc.audienceResearchers
dc.audienceStudents
dc.audienceTeachers
dc.subject.keywordFinancial stability
dc.subject.keywordColombian financial system
dc.subject.keywordConsumption booms
dc.subject.keywordDSGE model with banking sector
dc.subject.lembAcuerdo de Basilea III
dc.subject.lembVariables macroeconómicas
dc.subject.lembConsumo (Economía)
dc.subject.lembPrestamos bancarios
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaD58 - Modelos computables y otros modelos aplicados de equilibrio general
dc.subject.jelspaE32 - Fluctuaciones económicas; Ciclos
dc.subject.jelspaE44 - Mercados financieros y macroeconomía
dc.type.hasversionPublished Version
dc.coverage.sucursalBogotá
dc.source.bibliographicCitationAspachs, O., Segoviano, M., Tsomocos, D. & Zicchino, L. (2006), `Searching for a metric for financial stability', LSE Financial Markets Group Special Paper Series (167).
dc.source.bibliographicCitationBasel Committee on Bank Supervision, B. (2010), `Basel iii: A global regulatory framework for more resilient banks and banking systems'.
dc.source.bibliographicCitationCaicedo, S. & Estrada, D. (n.d.), "Consumption, credit restrictions and financial stability: A dsge approach', Working Paper
dc.relation.doihttps://doi.org/10.32468/tef.71
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
dc.relation.repechttps://ideas.repec.org/p/bdr/temest/071.html
dc.identifier.handlehttps://hdl.handle.net/20.500.12134/2086
dc.source.handleRepecRePEc:bdr:temest:071


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