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  1. Quantifying the impact of higher capital requirements on the Swiss economy
    Author: Junge, Georg; Kugler, Peter
    Published: 2012
    Publisher:  WWZ, Basel

    So far the discussion in Switzerland about the social costs and benefits of higher capital requirements resulting from the new Basel III Accord and the Swiss Too Big To Fail legislation has been heavily qualitative. This paper provides a quantitative... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 523 (2012,13)
    Inter-library loan:
    No inter-library loan

     

    So far the discussion in Switzerland about the social costs and benefits of higher capital requirements resulting from the new Basel III Accord and the Swiss Too Big To Fail legislation has been heavily qualitative. This paper provides a quantitative view and estimates the long-run costs and benefits of substantially higher capital requirements using empirical evidence on Swiss banks to assess both benefits and costs. The analysis yields two main conclusions. The long-run economic benefits of higher capital requirements are substantial for the Swiss economy leading to a significantly lower probability of banking crises and associated expected losses. In contrast the costs of higher capital requirements as reflected in increased lending spreads and potential output reductions are literally non-existent. As an aside we note that the cyclical component of leverage is a major driver of leverage in the banking sector. This suggests that macro-prudential measures such as the countercyclical buffer could be an important tool against the build-up of systemic banking crises.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/123435
    Series: WWZ discussion paper ; 12,13
    Subjects: Basler Akkord; Kapitalkosten; Bankenkrise; Wirtschaftswachstum; Kapitalstrukturtheorie; Schweiz; Capital regulation; banks; cost of equity; banking crisis; economic growth; Modigliani-Miller
    Scope: Online-Ressource (PDF-Datei: 39 S.), graph. Darst.
  2. A macroprudential framework for monitoring and examining financial soundness
    Author: Schou-Zibell, Lotte; Albert, Jose Ramon; Song, Lei Lei
    Published: 2012
    Publisher:  PIDS, Manila

    This paper describes concepts and tools behind macroprudential monitoring and the growing importance of macroprudential tools for assessing the stability of financial systems. This paper also employs a macroprudential approach in examining financial... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 146 (2012,22)
    Inter-library loan:
    No inter-library loan

     

    This paper describes concepts and tools behind macroprudential monitoring and the growing importance of macroprudential tools for assessing the stability of financial systems. This paper also employs a macroprudential approach in examining financial soundness and identifying its determinants. Using data from selected developing economies in Asia, South America, and Europe as well as selected economies from the developed world, panel regressions are estimated to quantify the impacts of the major influences on key financial soundness indicators, including capital adequacy, asset quality, and earnings and profitability.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/126901
    Edition: This version: March 2010
    Series: Discussion paper series / Philippine Institute for Development Studies ; 2012-22
    Subjects: early warning system; banking regulation; macroprudential; banks; banking crises; banking supervision; stress testing
    Scope: Online-Ressource (53 S.), graph. Darst.