Angelini, Paolo; Clerc, Laurent; Cúrdia, Vasco; … - 2011
level of steadystate output, relative to the baseline. The impact of the new liquidity regulation is of a similar order of … magnitude, at 0.08 percent. This paper does not estimate the benefits of the new regulation in terms of reduced frequency and … severity of financial crisis, analyzed in Basel Committee on Banking Supervision (2010b). 2) The reform should dampen output …