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empirical support. We conclude that bank equity is not socially expensive, and that high leverage at the levels allowed, for …
Persistent link: https://www.econbiz.de/10010203632
disciplining role are based on inadequate theory lacking empirical support. We conclude that bank equity is not socially expensive …. -- capital regulation ; financial institutions ; capital structure ; "too big to fail" ; systemic risk ; bank equity ; contingent …
Persistent link: https://www.econbiz.de/10008662565
lacking empirical support.We conclude that bank equity is not socially expensive, and that high leverage at the levels allowed …
Persistent link: https://www.econbiz.de/10010205922
Persistent link: https://www.econbiz.de/10008661586
Persistent link: https://www.econbiz.de/10010349115
firm incentives in a post-reform financial system. -- Financial regulatory reform ; corporate governance ; bank charter … ; bank insolvency …
Persistent link: https://www.econbiz.de/10008657240
This paper examines capital adequacy regulation in Germany. After a short overview about financial regulation in Germany in general, the paper focuses on the most important development in the area of capital adequacy regulation from the 1930s up to the financial crisis. Two main trends are...
Persistent link: https://www.econbiz.de/10010256881
Persistent link: https://www.econbiz.de/10001587786
We propose a methodology for measuring the market-implied capital of banks by subtracting from the market value of equity (market capitalization) a credit-spread-based correction for the value of shareholders' default option. We show that without such a correction, the estimated impact of a...
Persistent link: https://www.econbiz.de/10013168743
Persistent link: https://www.econbiz.de/10013188643