Rules versus Discretion in Capital Regulation
收藏NBER2025-03-01 更新2025-03-29 收录
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https://www.nber.org/papers/w33578
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资源简介：
We study capital regulation in a dynamic model for bank deposits. Capital regulation addresses banks incentive for excessive leverage that dilutes depositors, but preserves some dilution to reduce bank defaults. We show theoretically that capital regulation is subject to a time inconsistency problem
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美国国家经济研究局创建时间：
2025-03-01
