of different types of risk with respect to a bank’s balance-sheet management. Particular attention is given to the …The authors document leverage, capital and liquidity ratios of banks in Canada. These ratios are important indicators … vulnerability against liquidity risks. Regarding a Canada - U.S. comparison, small U.S. banks show more vulnerability than their …

drawing useful lessons for regulatory reform. We argue that an important contributor to positive bank performance was a solid … approach to risk management on the part of the Canadian banking system, an approach that was actively fostered by the domestic … authorities. Efforts to buttress risk management were favourably influenced by several stressful yet instructive episodes in …

have a funding advantage over small banks after controlling for bank-specific and market risk factors. Working with hand …

competition on stability may be manageable through prudential regulation. Neither extreme (perfect competition nor monopoly) is …

disciplining banks' risk choice. Comparisons are conducted between equity, subordinated debentures (SD), and uninsured deposits (UD … incorporate charter value and competition for depositors into their risk-taking decision. The paper's main finding is that …

environment in Canada, and conducts a Tobit analysis of factors that affect a bank's decision to issue SD. He also constructs a … cross-section time-series sample of banks, into which controls for fixed effects, along with other non-default risk factors …

The Basel capital framework plays an important role in risk management by linking a bank's minimum capital requirements … to the riskiness of its assets. Nevertheless, the risk estimates underlying these calculations may be imperfect, and it … appears that a cyclical bias in measures of risk-adjusted capital contributed to procyclical increases in global leverage …

Two models of default risk are prominent in the financial literature: Merton's structural model and Altman's non …