TY - BOOK ID - 84544169 TI - Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking AU - De Nicolo, Gianni. AU - Gamba, Andrea. AU - Lucchetta, Marcella. AU - International Monetary Fund. PY - 2012 SN - 147554507X 1475531958 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and banking KW - Bank capital KW - Taxation KW - Capital KW - Agricultural banks KW - Banking KW - Banking industry KW - Commercial banks KW - Depository institutions KW - Finance KW - Financial institutions KW - Money KW - State supervision KW - Econometric models. KW - Banks and Banking KW - Industries: Financial Services KW - Investments: Stocks KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Financial Institutions and Services: Government Policy and Regulation KW - Bankruptcy KW - Liquidation KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Financial services law & regulation KW - Investment & securities KW - Liquidity requirements KW - Capital adequacy requirements KW - Loans KW - Bank regulation KW - Financial regulation and supervision KW - Stocks KW - Asset requirements KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84544169 AB - This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their benefits turning into costs beyond a certain requirement threshold. By contrast, liquidity requirements reduce lending, efficiency and welfare significantly. The costs of high capital and liquidity requirements represent a lower bound on the benefits of these regulations in abating systemic risks. On taxation, corporate income taxes generate higher government revenues and entail lower efficiency and welfare costs than taxes on non-deposit liabilities. . ER -