Cyclically adjusted provisions and financial stability

Journal of Financial Stability - Tập 28 - Trang 143-162 - 2017
Pierre-Richard Agénor1, Luiz Pereira da Silva2
1University of Manchester, School of Social Sciences, Arthur Lewis Building, Oxford Road, Manchester M13 9PL, United Kingdom
2Bank for International Settlements, Centralbahnplatz 2, 4051 Basel, Switzerland

Tài liệu tham khảo

Agénor, 2012, Monetary shocks and central bank liquidity with credit market imperfections, Oxford Econ. Pap., 64, 563, 10.1093/oep/gpr037 Agénor, 2013, Capital regulation, monetary policy and financial stability, Int. J. Cent. Bank., 9, 193 Agénor, 2015 Agénor, 2016 Agénor, 2015 Agénor, 2013 Agénor, 2014, Macroprudential regulation and the monetary transmission mechanism, J. Financ. Stab., 13, 44, 10.1016/j.jfs.2014.02.002 Agénor, 2016 Agénor, 2015, Loan loss provisioning rules, procyclicality, and financial volatility, J. Bank. Finance, 61, 301, 10.1016/j.jbankfin.2015.08.035 Aikman, 2015, Curbing the credit cycle, Econ. J., 125, 1072, 10.1111/ecoj.12113 Akinci, 2015 Allen, 2011, Credit market competition and capital regulation, Rev. Financ. Stud., 24, 983, 10.1093/rfs/hhp089 Barajas, 2014 Basel Committee on Banking Supervision, 2011 Beatty, 2011, Do delays in expected loss recognition affect banks’ willingness to lend?, J. Account. Econ., 52, 1, 10.1016/j.jacceco.2011.02.002 Bikker, 2005, Bank provisioning behavior and procyclicality, J. Int. Financ. Mark. Inst. Money, 15, 141, 10.1016/j.intfin.2004.03.004 Bouvatier, 2012, Provisioning rules and bank lending: a theoretical model, J. Financ. Stab., 8, 25, 10.1016/j.jfs.2011.04.001 Boz, 2015, Emerging market business cycles: the role of labor market frictions, J. Money Credit Bank., 47, 31, 10.1111/jmcb.12168 Burroni, 2009 Bushman, 2012, Accounting discretion, loan-loss provisioning, and discipline of banks’ risk-taking, J. Account. Econ., 54, 1, 10.1016/j.jacceco.2012.04.002 Cabello, 2016 de Carvalho, 2014 Carvallo, 2005, Cost efficiency in the Latin American and Caribbean banking systems, J. Int. Financ. Mark. Inst. Money, 15, 55, 10.1016/j.intfin.2004.02.002 Cas, 2011 Cavallo, 2002, Do banks provision for bad loans in good times? Empirical evidence and policy implications, vol. 9 Cerutti, 2015 Chan-Lau, 2012 Christoffel, 2015 Claessens, 2013, Macro-prudential policies to mitigate financial system vulnerabilities, J. Int. Money Finance, 39, 153, 10.1016/j.jimonfin.2013.06.023 Cordella, 2014 Cottarelli, 1994, Financial structure, bank lending rates, and the transmission mechanism of monetary policy, IMF Staff Pap., 41, 587, 10.2307/3867521 Davis, 2014 Davis, 2009, Commercial property prices and bank performance, Q. Rev. Econ. Finance, 49, 1341, 10.1016/j.qref.2009.06.001 Dell’Ariccia, 2014, Real interest rates, leverage, and bank risk-taking, J. Econ. Theory, 149, 65, 10.1016/j.jet.2013.06.002 Dib, 2010 Dijkstra, 2013 Djankov, 2008, Debt enforcement around the world, J. Polit. Econ., 116, 1105, 10.1086/595015 Edwards, 1997, Banks and macroeconomic disturbances under predetermined exchange rates, J. Monet. Econ., 40, 239, 10.1016/S0304-3932(97)00043-3 Fernández de Lis, 2013, Dynamic provisioning: a buffer rather than a countercyclical tool?, Economia, 13, 35 Freixas, 2008 Gambacorta, 2016 Gerali, 2010, Credit and banking in a DSGE model of the Euro Area, J. Money Credit Bank., 42, 107, 10.1111/j.1538-4616.2010.00331.x Gertler, 2007, External constraints on monetary policy and the financial accelerator, J. Money Credit Bank., 39, 295, 10.1111/j.0022-2879.2007.00027.x Gómez, 2016 Goodhart, 2013, An integrated framework for analyzing multiple financial regulations, Int. J. Cent. Bank., 11, 109 Güntner, 2011, Competition among banks and the pass-through of monetary policy, Econ. Model., 28, 1891, 10.1016/j.econmod.2011.03.015 Henzel, 2009, The price puzzle revisited: can the cost channel explain a rise in inflation after a monetary policy shock?, J. Macroecon., 31, 268, 10.1016/j.jmacro.2008.10.001 Hulsewig, 2009, Bank behavior, incomplete interest rate pass-through, and the cost channel of monetary policy transmission, Econ. Model., 26, 1310, 10.1016/j.econmod.2009.06.007 Jiménez, 2012 Levin, 2016 Lim, 2011 López, 2014, Credit cycles, credit risk and countercyclical loan provisions, Ens. Polít. Econ., 32, 9 Medina, 2014 Montoro, 2011, The use of reserve requirements as a policy instrument in Latin America, Q. Rev. Bank Int. Settl., 53 Moura, 2010, What can Taylor rules say about monetary policy in Latin America?, J. Macroecon., 32, 392, 10.1016/j.jmacro.2009.03.002 Murcia Pabón, 2016 Packer, 2014, Countercyclical loan loss provisions in Asia, SEACEN Financ. Stab. J., 3, 25 Pérez, 2008, Earnings and capital management in alternative loan-loss provision regulatory regimes, Eur. Account. Rev., 17, 423, 10.1080/09638180802016742 Pool, 2015, Loan loss provisioning, bank credit and the real economy, J. Macroecon., 45, 124, 10.1016/j.jmacro.2015.04.006 Reiff, 2005, Housing stock in Brazil: estimation based on a Hedonic Price Model Saurina, 2009 Schularick, 2012, Credit booms gone bust: monetary policy, leverage cycles, and financial crises, 1870–2008, Am. Econ. Rev., 102, 1029, 10.1257/aer.102.2.1029 Song, 2002 Tai, 2012, Interest rate pass-through and monetary transmission in Asia, Int. J. Econ. Finance, 4, 163 Vargas, 2008, The transmission mechanism of monetary policy in Colombia: major changes and current features Wezel, 2010 Wezel, 2012