Assessing the cost of financial regulation
"This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates i...
| Основен автор: | Elliott, Douglas J., 1959- |
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| Автор-организации: | International Monetary Fund. Monetary and Capital Markets Department. |
| Други автори: | Salloy, Suzanne., Santos, Andre Oliveira. |
| Формат: | Електронен |
| Език: | English |
| Публикувано: |
Washington, D.C. :
International Monetary Fund, Monetary and Capital Markets Dept.,
2012.
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| Серия: |
IMF working paper ;
WP/12/233. |
| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516976 |
| Резюме: |
"This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in the base case would rise by 18 bps in Europe, 8 bps in Japan, and 28 bps in the United States. These results are similar to the official BIS assessments of Basel III and an OECD analysis, but lower as a result of including expense cuts and reductions in the returns required by investors. As a result, they are markedly lower than those of the Institute of International Finance (IIF)."--Abstract. |
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| Описание на библ. документ: |
"September 2012." |
| Физически характеристики: |
1 online resource (81 pages). |
| ISBN: |
9781475511970 1475511973 |