Countercyclical Capital Buffers: A Cautionary Tale
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Countercyclical capital buffers (CCyBs) are an old idea recently resurrected. CCyBs compel banks at the core of financial systems to accumulate capital during expansions so that they are better able to sustain operations during downturns. To gauge the potential impact of modern CCyBs, we compare the
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美国国家经济研究局创建时间：
2020-02-01
