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  • Photo du rédacteurHélène Dufour

Assessing the Impact of Basel III: Evidence from Structural Macroeconomic Models

"This paper... reviews the different channels of transmission of prudential policy highlighted in the literature and... provides a quantitative assessment of the impact of Basel III reforms using "off-the-shelf" DSGE models. It shows that the effects of regulation are positive on GDP whenever the costs and benefits of regulation are both introduced."

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