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경기대응완충자본 제도의 국내도입 방안에 관한 연구(The countercyclical capital buffer: its application in Korea)

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  • 경기대응완충자본 제도의 국내도입 방안에 관한 연구(The countercyclical capital buffer: its application in Korea)
  • 이항용; 심원; 조규환
  • 예금보험공사


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Title 경기대응완충자본 제도의 국내도입 방안에 관한 연구(The countercyclical capital buffer: its application in Korea)
Similar Titles
Material Type Article
Author(Korean)

이항용; 심원; 조규환

Publisher

[서울] : 예금보험공사

Date 2013-06
Journal Title; Vol./Issue 금융안정연구:14권(1호)
Pages 40
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Financial Policy
Economy < Economic Administration
Economy < Economic System
Holding 한국연구재단
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Abstract

Basel III introduces countercyclical capital buffers as a macroprudential tool to protect banking system from the increase in systemic risk. This paper attempts to provide some practical guidance on operating countercyclical capital buffers in Korea. The statistical evidence presented in the paper indicates that the credit-to-GDP gap performs well, but the household debt-to-disposable income gap seems to have incremental information as a conditioning variable for the build-up phase. Nevertheless, some degree of judgment in buffer decision is inevitable, particularly in the release phase. It is recommended that the countercyclical capital buffers are jointly operated by the regulatory authority and the central bank.