distorted the choices of financial intermediaries ex-ante (inducing them to rely too much and too quickly on liquidity for …

This study investigates the associations among bank risk-taking, ownership concentration, and the recently proposed … by one standard deviation increases the extent of risk-taking by as much as 6–8%. Although Basel III does not start … extent of risk-taking by 5.37% (as measured by the bank's Z-score). We also find that the standard for capital stability …

First externalities risk due to the size of the companies or the principle that large companies are also at risk of … for savers and investors are taken. If we accept-so conservatively that the risk exposure of a company is limited by its … risk foreseeable losses with positive externalities, then, what can happen with negative derivatives risk capital …

markets. The subsequent crisis reduced the pool of assets considered acceptable as collateral, resulting in a liquidity …

perspectives, elaborating factors such as liquidity and macroeconomic conditions. First, we attempt to reorganize the variety of … lay out an early warning system (EWS) to predict a financial crisis where the role of capital and liquidity are explicitly … captured. In the EWS, the estimation results confirm two-fold evidence: (i) capital and liquidity are imperfect substitutes for …