Název:	The relationship between capital and liquidity prudential instruments
Autoři:	Hodula, Martin Komárková, Zlatuše Pfeifer, Lukáš
Citace zdrojového dokumentu:	HODULA, M., KOMÁRKOVÁ, Z., PFEIFER, L. The relationship between capital and liquidity prudential instruments. Journal of regulatory economics, 2021, roč. 59, č. 1, s. 47-70. ISSN 0922-680X.
Datum vydání:	2021
Nakladatel:	Springer
Typ dokumentu:	článek article
URI:	2-s2.0-85096387297 http://hdl.handle.net/11025/44843
ISSN:	0922-680X
Klíčová slova v dalším jazyce:	Prudential regulation;Capital reserves;Liquidity requirements;Interaction
Abstrakt v dalším jazyce:	Basel III introduced unweighted capital standard and new regulatory liquidity standards to complement the revised risk-weighted capital requirements. This change in banking sector regulation raised questions on how the capital and liquidity requirements interact and how they should be jointly treated. In the paper, we assess how a regulatory and a subsequent economic shock, and banks’ subsequent response to it, affects compliance with the four regulatory requirements. We find that the capital and liquidity requirements can act as both, substitutes and complements, depending on the adjustment strategy banks choose to react to these shocks. We assert that to be able to properly calibrate macroprudential policy measures such as the counter-cyclical capital buffer, it is vital for macroprudential authorities to look at the initial levels of the other required ratios as well as to monitor banks’ subsequent response.
Práva:	Plný text je přístupný v rámci univerzity přihlášeným uživatelům. © Springer
Vyskytuje se v kolekcích:	Články / Articles (KEM) OBD

Všechny záznamy v DSpace jsou chráněny autorskými právy, všechna práva vyhrazena.