1 option
Macro Prudential Policies from a Micro Prudential Angle / Cordella, Tito
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Cordella, Tito
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Bank Risk Taking.
- Banks and Banking Reform.
- Debt Markets.
- Deposit Insurance.
- Economic Theory & Research.
- Finance and Financial Sector Development.
- Financial Intermediation.
- Macroeconomics and Economic Growth.
- Macroprudential Regulation.
- Local Subjects:
- Bank Risk Taking.
- Banks and Banking Reform.
- Debt Markets.
- Deposit Insurance.
- Economic Theory & Research.
- Finance and Financial Sector Development.
- Financial Intermediation.
- Macroeconomics and Economic Growth.
- Macroprudential Regulation.
- Physical Description:
- 1 online resource (9 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2013
- System Details:
- data file
- Summary:
- 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 stance.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.