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The Global Macroeconomic Costs of Raising Bank Capital Adequacy Requirements

Author/Editor: Roger, Scott | Vitek, Francis
Authorized for Distribution: February 1, 2012
Electronic Access: Free Full Text (PDF file size is 1,199KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: 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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Series: Working Paper No. 12/44
Subject(s): Banks | Capital | Cross country analysis | Economic models | Monetary policy | Spillovers
Author's keyword(s): Capital requirements | Basel III
 
English  
    Published:   February 1, 2012        
            Format:   Paper
    Stock No:   WPIEA2012044   Pages:   35
    Price:   US$18.00 (Academic Rate: US$18.00 )
       
     
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