Countercyclical banking capital buffers in a DSGE model

Thumbnail Image
Download
Temas de Estabilidad Financiera ; No. 71

Date published

2012-09-01

Date

2012-09

Authors

Caicedo, Santiago
Estrada, Dairo Ayiber
Laverde, Mariana

Part of book title

ISSN

ISBN

Document language

eng
Metrics
downloads: 0
abstract_views: 0

Las 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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

In 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.

Description

JEL Codes

D58 - Computable and Other Applied General Equilibrium Models
E32 - Business Fluctuations; Cycles
E44 - Financial Markets and the Macroeconomy

Temática

Keywords

Estabilidad financiera , Sistema financiero colombiano , Auge del consumo , Modelo DSGE en el sector bancario

Keywords

Financial stability , Colombian financial system , Consumption booms , DSGE model with banking sector

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/2086
 https://hdl.handle.net/20.500.12134/2086
 https://ideas.repec.org/p/bdr/temest/071.html
 https://doi.org/10.32468/tef.71

Collections

Temas de Estabilidad Financiera

Seleccionar año de consulta:
Full item page

Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito