Macro Prudential Policies from a Micro Prudential Angle / Cordella, Tito
Mitwirkende(r): Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Verlag: Washington, D.C : The World Bank, 2013Beschreibung: Online-Ressource (9 p)Andere physische Formen: Cordella, Tito: Macro Prudential Policies from a Micro Prudential Angle DOI: DOI: 10.1596/1813-9450-6721Online-Ressourcen: Zusammenfassung: 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-WBLDieser Titel hat keine Exemplare
Reproduktion, 2013. (World Bank eLibrary) |2013||||||||||