Countercyclical capital buffers (CCyBs) are an old idea recently resurrected. CCyBs compel banks at the core of … financial systems to accumulate capital during expansions so that they are better able to sustain operations during downturns … subject to regulations that incentivized capital accumulation during booms. Before the later, core banks expected bailouts and …

issuance of common stock was negative due to repurchases. We assume that, in the absence of capital requirements, a bank has an … optimal capital structure that depends on its business model. Capital requirements can impose constraints on bank decisions …. If a bank's optimal capital structure also meets regulatory capital requirements with a sufficient buffer, the bank is …

The regulation of bank capital as a means of smoothing the credit cycle is a central element of forthcoming macro …--on both questions, using a unique dataset. In the UK, regulators have imposed time-varying, bank-specific minimum capital …-prudential regimes internationally. For such regulation to be effective in controlling the aggregate supply of credit it must be the case …

neoclassical model of investment with physical capital, quasi-fixed labor, and two types of intangible capital, knowledge and brand … capital as inputs. We estimate the structural model using firm-level data on U.S. publicly traded firms and use the estimated … input for firm value varies across industries and over time. On average, physical capital accounts for 30% to 40% of firm …

This paper examines the impact of bank regulations, market structure, and national institutions on bank net interest … margins and overhead costs using data on over 1,400 banks across 72 countries while controlling for bank …-specific characteristics. The data indicate that tighter regulations on bank entry and bank activities boost the cost of financial …

process of interstate bank deregulation that lowered barriers to competition across U.S. states over the 1980s and 1990s with … facing each individual bank. We find that regulatory-induced competition reduced liquidity creation. Consistent with some …

competition reduces bank opacity, enhancing the ability of markets and regulators to monitor banks …

governance structure of each bank. Moreover, we show that the relation between bank risk and capital regulations, deposit … policy implications as they imply that the same regulation will have different effects on bank risk taking depending on the …, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk …

effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was …We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the … increase in bad loans. In provinces where restrictions to bank competition were most severe, the proportion of bad loans after …