David Jutrsa's Books

Understanding Correspondent Banking Trends: A Monitoring Framework

By: Dirk Jan Grolleman,David Jutrsa

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Understanding Correspondent Banking Trends: A Monitoring Framework

By: Dirk Jan Grolleman,David Jutrsa

The withdrawal of correspondent banking relationships (CBRs) remains a concern for the international community because, in affected jurisdictions, the decline could have potential adverse consequences on international trade, growth, financial inclusion, and the stability and integrity of the financial system. Building on existing initiatives and IMF technical assistance, this paper discusses a framework that can be readily used by central banks and supervisory authorities to effectively monitor the developments of CBRs in their jurisdiction. The working paper explains the monitoring framework and includes the necessary reporting templates and an analytical tool for the collection of data and analysis of CBRs.

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International Monetary Fund

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ISBN 10

148432434X

ISBN 13

9781484324349

The Effects of Higher Bank Capital Requirements on Credit in Peru

By: Xiang Fang,David Jutrsa,Mr.Maria Soledad Martinez Peria,Andrea Presbitero,Mr.Lev Ratnovski,Mr.Felix J Vardy

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The Effects of Higher Bank Capital Requirements on Credit in Peru

By: Xiang Fang,David Jutrsa,Mr.Maria Soledad Martinez Peria,Andrea Presbitero,Mr.Lev Ratnovski,Mr.Felix J Vardy

This paper offers novel evidence on the impact of raising bank capital requirements in the context of an emerging market: Peru. Using quarterly bank-level data and exploiting the adoption of bank-specific capital buffers, we find that higher capital requirements have a short-lived, negative impact on bank credit in Peru, although this effect becomes statistically insignificant in about half a year. This finding is robust to estimating different specifications to address concerns about the exogeneity of capital requirements. The fact that the reform was gradual and pre-announced and that banks were highly profitable at the time could explain the short-lived effects on credit.

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