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Countercyclical banking capital bu ers in a DSGE model

Santiago Caicedo, Dairo Estrada () and Mariana Laverde ()

Temas de Estabilidad Financiera from Banco de la Republica de Colombia

Abstract: In this document we develop a DSGE model to analyze the effect that a consumption boom and a productivity shock have over financial stability and macroeconomic variables, in both, an economy with and without Basel III capital requirements and earnings reinvestment rule. The results suggest that Basel III requirements have a positive impact over financial stability variables and that additional capital requirements do not restrict banking activity.

Keywords: financial stability; colombian financial system; consumption booms; DSGE model with banking sector (search for similar items in EconPapers)
JEL-codes: D58 E32 E44 (search for similar items in EconPapers)
Date: 2012-09
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