Housing and credit market shocks: Exploring the role of rule-based Basel III counter-cyclical capital requirements
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DOI: 10.1016/j.econmod.2019.01.013
Abstract: This paper examines the extent to which the Basel III bank capital regulation attenuates fluctuations in housing and credit markets and fosters financial and macroeconomic stability. We use a positive housing demand shock to mimic… read more here.
Keywords: counter cyclical; housing; capital; basel iii ... See more keywords