Countercyclical Banking Capital Buffers in a DSGE Model


Front Page of the Financial Stability Issues
Series: 
Temas de Estabilidad Financiera
Number: 
71
September
2012
Author(s) / Editor(s): 
Santiago Caicedo
Dairo Estrada
Mariana Laverde
Publishing House: 
Banco de la República
JEL Classification: 

In this document we develop a DSGE model to analyze the eect that a consumption boom and a productivity shock have over nancial 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 nancial stability variables and that additional capital requirements do not restrict banking activity.

Category / Classification: 
Documentos en elaboración
Topic: 
Financial Stability Issues

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