BIS’s Shin argues bank capital underpins both monetary policy and financial stability
Levels of bank capital matter not only for the stability of the financial sector, but also for the conduct of monetary policy, the Bank for International Settlements' (BIS) head of research, Hyun Song Shin, said today (April 7).
Shin outlined some of the results from a working paper he co-authored with fellow BIS economist Leonardo Gambacorta, also published today. They found a one percentage point increase in a bank's equity-to-assets ratio is associated with a four basis point drop in funding
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