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A Building Block Approach for Introducing a Positive Neutral Countercyclical Capital Buffer in Albania / Maximilian Fandl, Giorgia De Nora, Eugena Topi.
- Format:
- Book
- Government document
- Author/Creator:
- Fandl, Maximilian.
- Series:
- Selected Issues Papers; Selected Issues Paper ; No. 2025/154
- Selected Issues Papers
- Language:
- English
- Physical Description:
- 1 online resource (23 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2025.
- Summary:
- The paper discusses the introduction of a positive neutral countercyclical capital buffer (CCyB) for Albania. The building blocks present a step-by-step guide to assess preconditions to be in place. Applied to the case of Albania, authors employ a set of methods for the calibration of a positive neutral rate, including a quantile local projection and stress-test based approach. The paper (i) finds a positive neutral CCyB regime is feasible and net beneficial for Albania, (ii) identifies the adequate range of the positive neutral rate between 100-200bps, and (iii) provides a template for emerging markets to explore positive neutral CCyB regimes.
- Notes:
- Description based on print version record.
- ISBN:
- 979-82-290-3518-7
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