Liquidity regulation, bank capital ratio, and interbank rate
研究了巴塞尔III流动性覆盖率对银行资本比率和银行间利率的影响，发现计算优质流动性资产和净现金流的不当参数会降低均衡资本比率，且监管参数具有宏观审慎效应。
We study the impact of the Basel III liquidity coverage ratio (LCR) on bank capital ratio and the interbank rate in a traditional banking model. We find that inappropriate parameters assigned to calculate High-Quality Liquid Assets (HQLAs) and Net Cash Flows (NCOs) would lower the equilibrium capital ratio especially when the required liquidity ratio is strengthened. In addition, these regulatory parameters may have macro-prudential effects to steer the interbank rate.