2020年6月30日学术报告通知

发布时间:2020-06-29

内容提要:

We investigate how a social planner designs prudential regulations under the CECL model. We set up a model to incorporate two central roles of banks in the economy: credit supply to the real sector (that is, bank loans, the bank asset) and liquidity provision to households (that is, bank deposits, the bank liability) and highlight the tension between debt overhangs and depositors’ liquidity benefifit. We derive the socially optimal precision regulations and cycle-contingent regulations with respect to bank asset characteristics and bank liability characteristics.