Macro Prudential Policies from a Micro Prudential Angle / Cordella, Tito
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: Washington, D.C : The World Bank, 2013Description: Online-Ressource (9 p)Additional physical formats: Cordella, Tito: Macro Prudential Policies from a Micro Prudential Angle DOI: DOI: 10.1596/1813-9450-6721Online resources: Summary: The standard macro(prudential) models focus on externalities and treat all prudential instruments as alternative, but equivalent, forms of Pigouvian taxes. This paper explicitly models individual banks' risk choices and shows that different prudential instruments affect banks' risk-taking incentives differently. Thus, conflicts may arise between the micro and macro prudential stancePPN: PPN: 834980835Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBLNo physical items for this record
Reproduktion, 2013. (World Bank eLibrary) |2013||||||||||