I attended a conference on “Financial stability policies in a changing lending landscape” at the Central Bank of Ireland on December 5. I was a discussant for an excellent paper “The state-dependent impact of changes in bank capital requirements” by Jan Hannes Lang of the ECB and Dominik Menno of the Bundesbank. In my comments, I endorsed the paper’s message that higher bank capital requirements need not be costly to the economy if implemented in a careful way. I then went a bit further and suggested these costs may be even lower than suggested in the paper, while bringing considerable financial stability benefits.
Tag Archives: Banking
Cyprus: Europe Rolls the Dice on its Banks
My reaction to the final agreement on Cyprus including a link to an op-ed I wrote for the Irish Times.