space. We discuss risk measures generated by general acceptance sets allowingfor capital injections to be invested in a pre …-specied eligible asset with an everywhere positive payo.Risk measures play a key role when dening required capital for a nancial … institution. We addressthe three critical questions: when is required capital a well-dened number for any nancial position?When is …

[...]Our analysis suggests that, when we look across banks, themarket risk capital figures provide little additional … thetrading account. In contrast, when we look at individual banksover time, the market risk capital requirements do appear … themarket risk capital figures reported by bank holding companiesare most useful for tracking changes in market risk exposuresat …

credit risk models. Inconducting this exercise, we consider how such a capital regimemight be structured if the models were … issues that would have to beaddressed in creating a capital framework based on credit riskmodels. In particular, we draw on …

of human capital and research anddevelopment (R&D) expenditures are now routinely included inproductivity analyses …

[...]We focus here on three types of capital ratios—riskweighted,leverage, and gross revenue ratios. For each ratio …

(1997) to study the impactof risk-based capital, is used to examine how PCA simultaneouslyinfluenced bank capital ratios and … capitaland portfolio risk is explicitly recognized, and as such, theimpact of possible changes in bank capital ratios on risk ina …

capital adequacy. In that respect, thisconference has come at a very opportune moment.[...] …