We consider the effects of an imperfectly competitive banking sector on the capital stock in a version of the two … to households exogenously as fiscal transfers or endogenously as untaxed dividend payments to the (old) holders of bank …

Research on this andother episodes has found that low bank capital is associatedwith sluggish lending. …Traditional monetary theory has largely ignored the role ofbank equity. Bank-centered accounts of how monetarypolicy … deposits and, in the case of the bank lendingchannel, bank loans. As Friedman (1991) observed,“Traditionally, most economists …

[...]We focus here on three types of capital ratios—riskweighted,leverage, and gross revenue ratios. For each ratio … relatedto subsequent bank failure. Perhaps not surprisingly, we findthat all three ratios are strongly informative about …

It is a great pleasure for me to be here and to participate inthe discussion of the future of capital adequacy … regulation.I would like to compliment the organizers of this conferenceon the programme they have set up, covering manyrelevant …

I am very pleased to be part of this forward-looking conferenceon developments in capital regulation. Because … Manhattan Corporation and to closewith some thoughts on the implications of these experiencesfor capital regulation in the … thepurpose of capital is to support risk, I decided to approachthis session from the viewpoint of someone leading aninstitution …