Mar 2017
Author(s): Agénor, Pierre-Richard; Pereira da Silva, Luiz A.
The effects of capital requirements on risk-taking and welfare are studied in a stochastic overlapping generations model of endogenous growth with banking, limited liability, and government…
May 2016
Author(s): Agénor, Pierre-Richard; Pereira da Silva, Luiz A.
This paper studies the extent to which alternative loan loss provisioning regimes affect the procyclicality of the financial system and financial stability. It uses a DSGE model with financial…