Berger, Allen N.; Bouwman, Christa H.S. - In: Journal of Financial Economics 109 (2013) 1, pp. 146-176
effect varies across banking crises, market crises, and normal times that occurred in the US 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 these effects …