Koutras, Vasileios M.; Drakos, Konstantinos - In: International Review of Financial Analysis 30 (2013) C, pp. 131-140
We conduct a comparison of the two past decades in terms of US banks' capitalization mobility and persistence, adopting a Markov Chain setup, based on the FDIC discretized version of capital ratio. We document several substantial differences in the anatomy of the two periods. In particular,...
