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Are bank capital ratios too high or too low? : Incomplete markets and optimal capital structure

Gale, Douglas; Özgür, Onur - In: Journal of the European Economic Association 3 (2005) 2/3, pp. 690-700

Persistent link: https://www.econbiz.de/10003018042

Are Bank Capital Ratios too High or too Low? Incomplete Markets and Optimal Capital Structure

Gale, Douglas; Özgür, Onur - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 690-700

We study the effect of relative risk aversion on optimal capital structure in a general-equilibrium model of intermediation with incomplete markets. (JEL: D5, G2) Copyright (c) 2005 The European Economic Association.

Persistent link: https://www.econbiz.de/10005690527