Ito, Takatoshi; Sasaki, Yuri Nagataki - Institute of Economic Research, Hitotsubashi University - 1998
This paper examines how the risk-based capital standards, the so-called Basle Accord, influenced 87 major Japanese major Japanese banks' behavior between 1990 and 1993. As the Japanese stock prices fell, banks' latent capital gains, which is part of tier II capital became smaller. Empirical...