institutions. Many studies have found that inefficiencies are quite large, on the order of 20% or more of total banking industry …

institutions. Many studies have found that inefficiencies are quite huge, on the order of 20% or more of total banking industry …

effect varies across banking crises, market crises, and normal times that occurred in the U.S. over the past quarter century … all times (during banking crises, market crises, and normal times). Second, capital enhances the performance of medium and … large banks primarily during banking crises. Additional tests explore channels through which capital generates the …

This handbook provides an overview and analysis of state-of-the-art research in banking written by leading researchers …